u T H E W O R L D B A N K 19259 + ?- ?S|TJ-00-9_Tq-- u -== - iZ-l1999 -;~ .: ' J-'.. 1999&~ Glob al 11 -evelopment Finance Country Tables I Glob al 11Ževelopmient Finance Country Tables T H E W O R L D B A N K Copyright ©) 1999 by the International Bank for Reconstruction and Development/The World Bank 1818 H Street, NW, NWashington, DC 20433, USA All rights reserved Manufactured in the United States of America First printing April 1999 Global Development Finanice was formerly published under the title World Debt Tables. This publication has been compiled by the staff of the Financial Data Team, part of the Development Data Group, and the Development Prospects Group of the World Bank's Development Economics Vice Presidency. The World Bank does not accept responsibility for the accuracy or completeness of this publication. 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ISBN 0-8213-4368-8 ISSN 1020-5454 Contents Preface vii Chile 148 China 152 Acronyms and abbreviations viii Colombia 156 Comoros 160 Methodology ix Congo, Democratic Republic of 164 Congo, Republic of 168 Sources and definitions xiii Costa Rica 172 Cote d'Ivoire 176 Country groups xxiii Croatia 180 Czech Republic 184 Debt tables 1 Djibouti 188 Dominica 192 Summary tables 13 Dominican Republic 196 Ecuador 200 Country tables 51 Egypt, Arab Republic of 204 Albania 52 El Salvador 208 Algeria 56 Equatorial Guinea 212 Angola 60 Eritrea 216 Argentina 64 Estonia 220 Armenia 68 Ethiopia 224 Azerbaijan 72 Fiji 228 Bangladesh 76 Gabon 232 Barbados 80 Gambia, The 236 Belarus 84 Georgia 240 Belize 88 Ghana 244 Benin 92 Grenada 248 Bhutan 96 Guatemala 252 Bolivia 100 Guinea 256 Bosnia and Herzegovina 104 Guinea-Bissau 260 Botswana 108 Guyana 264 Brazil 112 Haiti 268 Bulgaria 116 Honduras 272 Burkina Faso 120 Hungary 276 Burundi 124 India 280 Cambodia 128 Indonesia 284 Cameroon 132 Iran, Islamic Republic of 288 Cape Verde 136 Jamaica 292 Central African Republic 140 Jordan 296 Chad 144 Kazakhstan 300 Kenya 304 Sao Tom6 and Principe 464 Korea, Rep. 308 Senegal 468 Kyrgyz Republic 312 Seychelles 472 Lao People's Democratic Republic 316 Sierra Leone 476 Latvia 320 Slovak Republic 480 Lebanon 324 Solomon Islands 484 Lesotho 328 Somalia 488 Liberia 332 South Africa 492 Lithuania 336 Sri Lanka 496 Macedonia, FYR 340 St. Kitts and Nevis 500 Madagascar 344 St. Lucia 504 Malawi 348 St. Vincent and the Grenadines 508 Malaysia 352 Sudan 512 Maldives 356 Swaziland 516 Mali 360 Syrian Arab Republic 520 Malta 364 Tajikistan 524 Mauritania 368 Tanzania 528 Mauritius 372 Thailand 532 Mexico 376 Togo 536 Moldova 380 Tonga 540 Mongolia 384 Trinidad and Tobago 544 Morocco 388 Tunisia 548 Mozambique 392 Turkey 552 Myanmar 396 Turkmenistan 556 Nepal 400 Uganda 560 Nicaragua 404 Ukraine 564 Niger 408 Uruguay 568 Nigeria 412 Uzbekistan 572 Oman 416 Vanuatu 576 Pakistan 420 Venezuela 580 Panama 424 Vietnam 584 Papua New Guinea 428 Yemen, Republic of 588 Paraguay 432 Yugoslavia, Federal Republic of (Serbia Peru 436 and Montenegro) 592 Philippines 440 Zambia 596 Poland 444 Zimbabwe 600 Romania 448 Russian Federation 452 Country notes 605 Rwanda 456 Samoa 460 Preface Global Development Finance was formerly pub- For the convenience of readers, charts on pages lished as the World Debt Tables. The new name xx to xxii summarize graphically the relation reflects the report's expanded scope and greater between debt stock and its components; the com- coverage of private financial flows. putation of net flows, aggregate net resource flows, GlobalDevelopment Finance consists of two and aggregate net transfers; and the relation voltimes: Analysis and Summary Tables and between net resouirce flows and the balance of pay- Country Tables. Analysis and Summary Tables con- ments. Exact definitions of these and other terms tains analysis and commentary on recent develop- used in Global Development Finance are found in ments in international finance for developing the Sources and Definitions section. countries, together with summary statistical tables The economic aggregates presented in the tables for selected regional and analytical groups com- are prepared for the convcnience of users. Although prising 150 developing countries. debt indicators can give useful information about Country Tables contains statistical tables on the developments in debt-servicing capacity, conclu- external debt of the 138 countries that report pub- sions drawn from them will not be valid unless lic and publicly guaranteed debt under the Debtor accompanied by careful economic evaluation. The Reporting System (DRS). Also included are tables macroeconomic information provided is from stan- of selected debt and resource flow statistics for dard sources, but many of them are subject to con- individual reporting countries as well as summary siderable margins of error, and the usual care must tables for regional and income groups. This year's be taken in interpreting the indicators. This is par- report includes the external debt obligations of the ticularly the case for the most recent year or two, Republic of Korea, a high-income country. when figures are preliminary and subject to revision. Ihi o-1 0lne % x- prcpared h. h! h.in:i.il [D.ii Te.rni rd [lhe lk-c Iopmw ori [).IL I.r.rlp. lcJ b. I Un-ili ian l iiJ l.±n I rrpr,!r, kiln., t ..n p l, I t a hrI-;h Iich- h.iir%. N-. in lIahTn, SluiciL FU. Y'ru\ ! k1ill.. 1151 dli,ll Lc ,ii. R.iL. I, Nlilr. N10C. .l,e, _ .1,1d (J.I'r I K.-cL -. ilm [cam * Il isEo[- ed b-I; -ibin.ill loft'a.ih. fdd.i.l N, hircri-G ;Aiel Hu% a yin L,>, I-, N inm;. k.ratcia a oari AIai irc \ (-,kares.l 1arind '.crr \VaIkcL-r R.'bin I * nkci and ScNc > tir I.- pro%ilcd rhe n-lTr.-er.nr,i,f d(Irt. l.irv _.rher, in,idc thie x'; rld Boril Pr,., d"d hcul in,1pul. L'PLIdMl. (K I I,t t 4 i,. Dl- e1,EpLI-rlr 'I'it[' (p. cI!-. r.lip and hnc : or'll re% i-- . [d ui dira. l pl iHLI.ip11 edncr .a ;cia dL tq.Iuerc.il.nfii .ii [iL ' OI tr Irc %-.T. h I idL . --dI[ Lirrr: ih C-r11 .'mnllniL ornl I)c vi.'rJrTIh, 'L .i. rIa'd Ti. L... .' ( .1 I i- c l .:.LIrier i II IC IJ II i l,_ k [ItIL I t 'lisd.. ILc . vii Acronyms and abbreviations BIS Bank for International Settlements CRS Creditor Reporting System (of the OECD) DAC Development Assistance Committee (of the OECD) DDSR Debt and debt service reduction DRS Debtor Reporting System (of the World Bank) GNP Gross national product IBRD International Bank for Reconstruction and Development/World Bank IDA International Development Association (of the World Bank) IMF International Monetary Fund LIBOR London interbank offer rate MYRA Multiyear rescheduling agreement OECD Organization for Economic Cooperation and Development OPEC Organization of Petroleum Exporting Countries RXD Revised external debt SDR Special drawing right (of the IMF) Note for World Wide Web users Recent, h2l1 -rLcjun 1- 'Ld[i r;.: r 1?'' de 17 Ic.pnc and transition economies are now ii AL ,1 .t-1 mu[I ;L 1. I . ; h !re T!bT d i a include key debt indicators s,:1 - nI-: Iu.u-. dcLE *Ur1iiC ., d .lI:r. d Brady bonds, and MU.Ir¶lt Jra,im. i lilm .x tr'i' d*Ln dul c due i.; Ihin a str. The tables on ihis sire c- If lvr 1.. ,] 11i h,rh r ie-in., e il n Iri- k .! r format. Go to hrrP: . *--r.-..riLjj.i.r dii wiirldibr.hkiil Methodology The World Bank is the sole repository for statistics annual average exchange rates and stock data at on the external debt of developing countries on a year-end exchange rates, year-to-year changes in loan-by-loan basis. The Debtor Reporting System debt outstanding and disbursed are sometimes (DRS), set up in 1951 to monitor these statistics, is not equal to net flows (disbursements less prin- maintained by the staff of the Financial Data Team cipal repayments); similarly, changes in debt (FIN), part of the Development Data Group of outstanding including undisbursed debt differ Development Economics. from commitments less repayments. Discrep- ancies are particularly significant when exchange Methodology for aggregating data rates have moved sharply during the year; can- cellations and reschedulings of other liabilities Using the DRS data, in combination with infor- into long-term public debt also contribute to the mation obtained from creditors through the debt differences. data collection systems of other agencies such as the Bank for International Settlements (BIS) and Public andpublicly guaranteed debt the Organization for Economic Cooperation and Development (OECD), the staff of the Financial All data related to public and publicly guaranteed Data Team estimate the total external indebted- debt are from debtors except for lending by some ness of developing countries. The data are also multilateral agencies, in which case data are taken supplemented by estimates made by country econ- from the creditors' records. These creditors omists of the World Bank and desk officers of the include the African Development Bank, the Asian International Monetary Fund (IMF). Development Bank, the Central Bank for Eco- nomic Integration, the IMF, the Inter-American Converting to a common currency Development Bank, and the International Bank for Reconstruction and Development (IBRD) and Since debt data are normally reported to the the International Development Association World Bank in the currency of repayment, they (IDA). (The IBRD and IDA are components of have to be converted into a common currency the World Bank.) (usually U.S. dollars) to produce summary Starting with the 1988-89 edition of World tables. Stock figures (such as the amount of debt Debt Tables (as this book was previously titled), all outstanding) are converted using end-period data pertaining to World Bank loans from 1985 exchange rates, as published in the IMF's onward are recorded at their current market value. International Financial Statistics (line ae). Flow Starting with the 1991-92 edition, all data per- figures are converted at annual average exchange taining to Asian Development Bank loans from rates (line rf). Projected debt service is convert- 1989 onward are recorded at their current market ed using end-period exchange rates. Debt value. Starting with the 1998 edition, all data per- repayable in multiple currencies, goods, or ser- taining to African Development Bank and vices and debt with a provision for maintenance African Development Fund loans from 1997 of value of the currency of repayment are shown onward are recorded at their current market value at book value. Because flow data are converted at as well. ix x Private nonguaranteed debt assumed average interest rate to the stock of debt outstanding. The DRS was expanded in 1970 to incorporate Data on the balance of payments flows provide private nonguaranteed long-term debt. Reports, useful guidelines in the process of building a time submitted annually, contain aggregate data for series because private nonguaranteed debt can be disbursed and outstanding debt, disbursements, treated as a residual between total net long-term principal repayments, interest payments, principal borrowing and net long-term borrowving recorded and interest rescheduled for the reporting year, and in the DRS for public and publicly guaranteed debt. projected payments of principal and interest. Data are usually presented in dollars and currency con- Short-term debt version is not necessary. A few reporting countries choose to provide data on their private nonguar- The World Bank regards the individual reporting anteed debt in the loan-by-loan format used for country as the authoritative source of information reporting public and publicly guaranteed debt. In on its own external liabilities. But for short-term those cases the currency conversion and projection debt, defined as debt with an original maturity of methodology just described is used. one year or less, accurate information is not wide- Although the reporting countries fully recog- ly available from debtors. By its nature, short-term nize the importance of collecting data on private debt is difficult to monitor; loan-by-loan registra- nonguaranteed debt when it constitutes a signifi- tion is normally impractical, and most reporting cant portion of total external debt, detailed data arrangements involve periodic returns to a coun- are available only in countries that have registra- try's central bank from its banking sector. Since tion requirements covering private debt, most 1982 the quality of such reporting has improved, commonly in connection with exchange controls. but only a few developing countries have figures Where formal registration of foreign borrowing is available for short-term debt. not mandatory, compilers must rely on balance of 'Where information from debtors is not avail- payments data and financial surveys. able, data from creditors can indicate the magni- Twenty-five countries report their private non- tude of a country's short-term debt. The most guaranteed debt to the DRS. Estimates are made for important source is the BIS's semiannual series forty-five others that do not report but for which showing the maturity distribution of commercial this type of debt is known to be significant. banks' claims on developing countries. Those data For private nonguaranteed debt that is not are reported residually. However, an estimate of reported, the standard estimation approach starts short-term liabilities by original maturity can be from a calculation of the stock of debt outstand- calculated by deducting from claims due in one ing, using data available from creditors. Figures on year those that had a maturity of between one and guaranteed export credits, obtained from the two years twelve months earlier. OECD's Creditor Reporting System (CRS), are There are several problems with this method. supplemented by loan-by-loan information on Valuation adjustments caused by exchange rate official lending to private borrowers and by infor- movements will affect the calculations, as will pre- mation on noninsured commercial bank lending payvment and refinancing of long-term maturities to the private sector. falling due. Moreover, not all countries' commer- Disbursements and debt service payments for cial banks report in a way that allows the full private nonguaranteed debt are more difficult to maturity distribution to be determined, and the estimate. Amortization is estimated by making an BIS data include liabilities only to banks within assumption regarding the proportion of debt the reporting area. Nevertheless, combining these repaid each year and then applying these ratios to estimates with data on officially guaranteed short- generate a first approximation of annual principal term suppliers' credits compiled by the OECD repayments. Disbursements are then estimated as gives what may be thought of as a lower-bound a residual between net flows (equal to the change estimate of a country's short-terei debt. Even on in the stock of debt) and estimated amortization. this basis, however, the results need to be inter- Interest payments are estimated by applying an preted with caution. Where short-term debt has xi been rescheduled, the effect of lags in reporting takes place. Whether a flow has taken place is and differences in the treatment of the resched- sometimes difficult to determine. uled debt by debtors and creditors may result in In compiling and presenting the debt data, a double counting if short-term debt derived from distinction is made between cash flows and impur- creditor sources is added to long-term debt ed flows. Based on this criterion, rescheduled ser- reported by the country to obtain toLal external vice payments and the shift in liabilities from one liabilities. financial instrument to another as a result of Some of the short-term debt estimates pub- rescheduling are considered to be imputed flows. lished are drawn from debtor and creditor sources, The imputed flows are recorded separately in but most are from creditor sources. Only for a few the Revised External Debt (RXD) system, but countries can the data be regarded as authoritative, these debt restructuring transactions are not evi- but they offer a guide to the size of a country's dent in the main body of the debt data-only the short-term (and, hence, its total) external debt. resulting effect of these transactions is reflected. The quality of these data is likely to improve. Changes in creditor and debtor status that can result from debt restructuring are also reflected. Use of IMF credit For example, when insured commercial credits are rescheduled, the creditor classification shifts from Data related to the operations of the IMF come private sources to official sources (bilateral). This from the IMF Treasurer's Department and are con- reflects the assumption of the assets by the official verted from special drawing rights (SDRs) into dol- credit insurance agencies of the creditor countries. lars using end-of-period exchange rates for stocks The debts to the original creditors are reduced by and average over the period exchange rates for con- the amounts rescheduled, and a new obligation to verting flows, as described earlier. IMF trust fund the official creditor agencies is created. This shift loans and operations under the structural adjust- also applies to private nonguaranteed debt that is ment and enhanced structural adjustment facilities reduced by the amounts rescheduled, which in are presented together with all of the Fund's special turn are included in the public and publicly guar- facilities (the buffer stock, compensatory financ- anteed debt owed to official creditors. On the ing, extended fund, and oil facilities). debtor side, when a government accepts responsi- bility for the payment of rescheduled debt previ- Treatment of arrears ously owed by private enterprises, the DRS regis- ters a change in debtor categories in the DRS. The DRS collects information on arrears in both Similarly, when short-term debt is included in a principal and interest. Principal in arrears is restructuring agreement, the rescheduled amount included and identified in the amount of long- is shifted from short-term to long-term debt. term debt outstanding. Interest in arrears of long- term debt and the use of IMF credit is included Methodology for projecting data and identified in the amount of short-term debt outstanding. If and when interest in arrears is cap- An important feature of the RXD system of the italized under a debt reorganization agreement, DRS is its ability to project future disbursements the amount of interest capitalized will be added to of unutilized commitments and future debt service the amount of long-term debt outstanding and the payments. corresponding deduction made from the amount of short-term debt outstanding. Undisbursed debt Treatment of debt restructurings Projections of disbursements help underpin future capital requirements in the implementation of The DRS attempts to capture accurately the externally financed projects. In addition, they help effects of the different kinds of restructurings on determine the interest portion of projected debt both debt stocks and debt flows, consistent with service. Future interest payments are based on pro- the circumstances under which the restructuring jected debt outstanding that is itselfdetermined by projected disbursements and repayments. The that contains actual disbursement information for underlying assumptions of these projections are more than 100,000 loans. Although these stan- that loan commitments will be fully utilized and dard profiles are reestimated from time to time, that the debtor country will repay all sums due. under the best scenario they can only approximate Future disbursements and debt service refer only the disbursement pattern of any single loan. to existing debt and do not reflect any assumptions on future borrowing. Future debt service payments Disbursement projections use two methods: * Specific schedules. Debtor countries are Most projections of future debt service payments requested to submit a calendar of future disburse- generated by the RXD system are based on the ments, if available, at the time individual loans are repayment terms of the loans. Principal repay- first reported. Country authorities are in a better ments (amortization) are based on the amount of position to provide estimated disbursement sched- loan commitments, and the amortization profile ules when there is a solid public sector investment of most loans follows a set pattern. Using the first program in place. and final payment dates and the frequency of the 0 Standard schedules. In the absence of specific payments, the system calculates the stream of prin- schedules, the RXD system projects disbursements cipal payments due. If future payments are irregu- by applying a set of profiles to the last actual undis- lar, the RXD system requires a schedule. bursed balance of individual loans. The profiles are Projected future interest payments are calculat- derived under the assumption that specific sources ed similarly. Interest is based on the amount of of funds have some common characteristics that debt disbursed and outstanding at the beginning cause them to disburse, in the aggregate, in some of the period. Again, using the first and final inter- observable pattern. Accordingly, some thirty pro- est payment dates and the frequency of payments, files have been derived that roughly correspond to the system calculates the stream of interest pay- creditor type. Profiles exist for concessional and ments due. If interest payments are irregular, the nonconcessional loans from official creditors. For RXD system requires a schedule. bilateral lending, profiles have been developed for The published figures for projected debt service the Development Assistance Committee, the obligations are converted into U.S. dollars using Organization of Petroleum-Exporting Countries the end-December 1997 exchange rates. Likewise (OPEC), and other creditor groupings. For multi- the projection routine for variable interest rate lateral lending, specific profiles are available for debt, such as commercial bank debt based on the major international organizations. An estimating London interbank offer rate (LIBOR), assumes equation for each profile is derived by applying that the rate prevailing at the end of December regression analysis techniques to a body of data 1997 will be effective throughout. Sources and definitions This edition of Global Dev'elopment Finance pre- cipal in arrears on long-term debt are shown as sents reported or estimated data on the total exter- memorandum items. nal debt of all low- and middle-income countries. Total debt flows are consolidated data on dis- bursements, principal repayments, and interest Format payments for total long-term debt and transac- tions with the IMF. The Country Tables volume of Global Development Net flows on debt are disbursements on long- Finance has been expanded to include summary term debt and IMF purchases minus principal tables along with the standard country tables for repayments on long-term debt and IMF repur- the 138 individual countries that report to the chases up to 1984. Beginning in 1985 this line World Bankes Debtor Reporting Svstem (DRS). includes the change in stock of short-term debt Summary tables present selected debt and resource (including interest arrears for long-term debt). flow statistics for the individual reporting coun- Thus if the change in stock is positive, a disburse- tries and external debt data for regional and ment is assumed to have taken place; if negative, a income groups. Regional and income group totals repayment is assumed to have taken place. in the summary tables include estimates for the Total debt service (TDS) shows the debt service twelve low- and middle-incorme countries that do payments on total long-term debt (public and not report to the DRS. Because these estimates are publicly guaranteed and private nonguaranteed), not shown separately in the tables, most group use of IMF credit, and interest on short-term debt. totals are larger than the sum of the DRS figures SECTION 2 provides data series for aggregate net shown. The format of the regional and income resource flows and net transfers (long term). group tables draws on the individual country table Net resource flows (long term) are the sum of format and includes graphic presentations. net resource flows on long-term debt (excluding For the 138 individual countries that report to IMF) plus net foreign direct investment, portfolio the World Bank's DRS, tables are presented in a equity flows, and official grants (excluding techni- four-page layout containing ten sections. cal cooperation). Grants for technical cooperation SECTION 1 summarizes the external debt of the are shown as a memorandum item. Also shown as country. memorandum items are official net resource flows Total debt stocks (EDT) consist of public and and private net resource flows. Official net publicly guaranteed long-term debt, private non- resource flows are the sum of net flows on long- guaranteed long-term debt (whether reported or term debt to official creditors (excluding the IMF) estimated by the staff of the World Bank), the use plus official grants (excluding technical coopera- of IMF credit, and estimated short-term debt. tion). Private net resource flows are the sum of net Interest in arrears on long-term debt and the use of flows on debt to private creditors plus net foreign IMF credit are added to the short-term debt esti- direct investment and portfolio equity flows. mates and shown as separate lines. Arrears of prin- Official net transfers and private net transfers are cipal and of interest have been disaggregated to shown as memorandum items as well. show the arrears owed to official creditors and thosc Nct transfers (long term) are equal to net long- owed to private creditors. Export credits and prin- term resource flows minus interest payments on xiii xiv long-term loans and foreign direct investment phenomena in individual countries. These are profits. explained in the Country Notes section. SECTION 3 provides data series for major SECTION 9 provides information on the average economic aggregates. The gross national product terms of new commitments on public and publicly (GNP) series uses yearly average exchange rates in guaranteed debt and information on the level of converting GNP from local currency into U.S. commitments from official and private sources. dollars. The economic aggregates are prepared for SECTION 10 provides anticipated disbursements the convenience of users; the usual caution should and contractual obligations on long-term debt be exercised in using them for economic analysis. contracted up to December 1997. SECTION 4 provides debt indicators: ratios of debt and debt service to some of the economic Sources aggregates. SECTION 5 provides detailed information on The principal sources of information for the tables stocks and flows of long-term debt and its various in these two volumes are reports to the World components. Data on bonds issued by private Bank through the DRS from member countries entities without public guarantee, compiled for that have received either IBRD loans or IDA cred- major borrowers, are included in private nonguar- its. Additional information has been drawn from anteed debt. IBRD loans and IDA credits are the files of the World Bank and the IME shown as memorandum items. Reporting countries submit detailed (loan-by- SECTION 6 provides information on the curren- loan) reports through the DRS on the annual sta- cy composition of long-term debt. The six major tus, transactions, and terms of the long-term exter- currencies in which the external debt of low- and nal debt of public agencies and that of private ones middle-income countries is contracted are separate- guaranteed by a public agency in the debtor coun- ly identified, as is debt denominated in special draw- try. This information forms the basis for the tables ing rights and debt repayable in multiple currencies. in these volumes. SECTION 7 provides information on restructur- Aggregate data on private debt without public ings of long-term debt starting in 1985. It shows guarantee are compiled and published as reliable both the stock and flows rescheduled each year. In reported and estimated information becomes addition, the amount of debt forgiven (interest available. This edition includes data on private forgiven is shown as a memorandum item) and the nonguaranteed debt reported by thirty-four devel- amount of debt stock reduction (including debt oping countries and complete or partial estimates buyback) are also shown separately. (See the for an additional twenty-eight countries. Methodology section for a detailed explanation of The short-term debt data are as reported by the restructuring data.) debtor countries or are estimates derived from SECTION 8 reconciles the stock and flow data on creditor sources. The principal creditor sources are total external debt for each year, beginning with the semiannual series of commercial banks' claims 1989. This section is designed to illustrate the on developing countries, published by the Bank changes in stock that have taken place due to five for International Settlements (BIS), and data on factors: the net flow on debt, the net change in inter- officially guaranteed suppliers' credits compiled by est arrears, the capitalization of interest, the reduc- the Organization for Economic Cooperation and tion in debt resulting from debt forgiveness or other Development (OECD). For some countries, esti- debt reduction mechanisms, and the cross-curren- mates were prepared by pooling creditor and cy valuation effects. The residual difference-the debtor information. change in stock not explained by any of the factors Interest in arrears on long-term debt and the identified above-is also presented. The residual is use of IMF credit are added to the short-term debt calculated as the sum of identified accounts minus estimates and shown as separate lines in section 1. the change in stock. Where the residual is large it Arrears of interest and of principal owed to official can, in some cases, serve as an illustration of the and to private creditors are identified separately. inconsistencies in the reported data. More often, Export credits are shown as a rmemoranidum however, it can be explained by specific borrowing item in section 1. They include official export xv credits, and suppliers' credits and bank credits offi- Publiclyguaranteeddebt, which is an external cially guaranteed or insured by an export credit obligation of a private debtor that is guaranteed for agency. Both long-term and short-term export repayment by a public entity credits are included. The source for this informa- * Private nonguaranteed external debt, which is tion is the Creditor Reporting System (CRS) of an external obligation of a private debtor that is the OECD. not guaranteed for repayment by a public entity. Data on long-term debt reported by member In the tables, public and publicly guaranteed countries are checked against, and supplemented long-term debt are aggregated. by, data from several other sources. Among these Short-term external debt is defined as debt that are the statements and reports of several regional has an original maturity of one year or less. development banks and government lending Available data permit no distinction between pub- agencies, as well as the reports received by the lic and private nonguaranteed short-term debt. World Bank under the CRS from the members of Interest in arrears on long-term debt is defined the Development Assistance Committee (DAC) as interest payment due but not paid, on a cumu- of the OECD. lative basis. Every effort has been made to ensure the accu- Principal in arrears on long-term debt is defined racy and completeness of the debt statistics. as principal repayment due but not paid, on a Nevertheless, quality and coverage vary among cumulative basis. debtors and may also vary for the same debtor The memorandum item export credits includes from year to year. Coverage has been improved official export credits, suppliers' credits, and bank through the efforts of the reporting agencies and credits officially guaranteed or insured by an the work of World Bank missions, which visit export credit agency. Both long-term and short- member countries to gather data and to provide term credits are included here. technical assistance on debt issues. Use ofIMFcredit denotes repurchase obligations to the IMF with respect to all uses of IMF resources Definitions (excluding those resulting from drawings in the reserve tranche) shown for the end of the year spec- For all regional, income, and individual country ified. Use of IMF credit comprises purchases out- tables, data definitions are presented below or standing under the credit tranches, including footnoted where appropriate. Data definitions for enlarged access resources and all special facilities other summary tables are, likewise, consistent with (the buffer stock, compensatory financing, extend- those below. ed fund, and oil facilities), trust fund loans, and operations under the structural adjustment and Summary debt data enhanced structural adjustment facilities. Data are from the Treasurer's Department of the IMF. TOTAL DEBT STOCKS are defined as the sum of pub- * IMFpurchases are total drawings on the gen- lic and publicly guaranteed long-term debt, pri- eral resources account of the IMF during the year vate nonguaranteed long-term debt, the use of specified, excluding drawings in the reserve tranche. IMF credit, and short-term debt. The relation * IME repurchases are total repayments of out- between total debt stock and its components is standing drawings from the general resources illustrated on page xx. account during the year specified, excluding repay- Long-term external debt is defined as debt that ments due in the reserve tranche. has an original or extended maturity of more than To maintain comparability between data on one year and that is owed to nonresidents and transactions with the IMF and data on long-term repayable in foreign currency, goods, or services. debt, use of IMF credit outstanding at year end Long-term debt has three components: (stock) is converted to dollars at the SDR exchange - Publicdebt, which is an external obligation of rate in effect at the end of the year. Purchases and a public debtor, including the national govern- repurchases (flows) are converted at the average ment, a political subdivision (or an agency of SDR exchange rate for the year in which transac- either), and autonomous public bodies tions take place. xvi Net purchases will usually not reconcile Foreign direct investment (FDI) is defined as changes in the use of IMF credit from year to investment that is made to acquire a lasting man- year. Valuation effects from the use of different agement interest (usually 10 percent of voting exchange rates frequently explain much of the stock) in an enterprise operating in a country other difference, but not all. Other factors are increas- than that of the investor (defined according to res- es in quotas (which expand a country's reserve idency), the investor's purpose being an effective tranche and can thereby lower the use of IMF voice in the management of the enterprise. It is the credit as defined here), approved purchases of a sum of equity capital, reinvestment of earnings, country's currency by another member country other Long-term capital, and short-term capital as drawing on the general resources account, and shown in the balance of payments. various administrative uses of a country's curren- Portfolio equity flows are the sum of country cy by the IMF. funds, depository receipts (American or global), TOTAL DEBT FLOWS include disbursements, and direct purchases of shares by foreign investors. principal repayments, net flows and transfers on Grants are defined as legally binding commit- debt, and interest payments. ments that obligate a specific value of funds avail- Disbursements are drawings on loan commit- able for disbursement for which there is no repay- ments during the year specified. ment requirement. Principal repayments are the amounts of princi- The memo item technical cooperation grants pal (amortization) paid in foreign currency, goods, includes free-standing technical cooperation or services in the year specified. grants, which are intended to finance the transfer Net flows on debts (or net lending or net dis- of technical and managerial skills or of technology bursements) are disbursements minus principal for the purpose of building up general national repayments. capacity without reference to any specific invest- Interest payments are the amounts of interest ment projects; and investment-related technical paid in foreign currency, goods, or services in the cooperation grants, which are provided to year specified. strengthen the capacity to execute specific invest- Net transfers on debt are net flows minus inter- ment projects. est payments (or disbursements minus total debt Profit remittances onforeign direct investmentare service payments). the sum of reinvested earnings on direct invest- The concepts of net flows on debt, net transfers ment and other direct investment income and are on debt, and aggregate net flows and net transfers part of net transfers. are illustrated on pages xxi and xxii. Total debt service paid (TDS) is debt service Major economic aggregates payments on total long-term debt (public and publicly guaranteed and private nonguaranteed), Five economic aggregates are provided for the use of IMF credit, and interest on short-term reporting economies. debt. Gross nationalproduct (GNP) is the measure of the total domestic and foreign output claimed by Aggregate net resource flows and transfers residents of an economy, less the domestic output claimed by nonresidents. GNP does not include NET RESOURCE FLOWS (LONG-TERM) are the sum of deductions for depreciation. Data on GNP are net resource flows on long-term debt (excluding from the Macroeconomic Data Team of the IMF) plus non-debt-creating flows. Development Economics Development Data NON-DEBT-CREATING FLOWS are net foreign Group of the World Bank. direct investment, portfolio equity flows, and offi- Exports ofgoods and services (XGS) are the total cial grants (excluding technical cooperation). Net value of goods and services exported as well as foreign direct investment and portfolio equity income and worker remittances received. flows are treated as private source flows. Grants for Imports ofgoods and services (MGS) are the total technical cooperation are shown as a memoran- value of goods and services imported and income dum item. paid. International reserves (RES) are the sum of a EDT/GNP is total extcrnal debt to gross country's monetary authority's holdings of special national product. drawing rights (SDRs), its reserve position in the TDS/XGS, also called the debt service ratio, is IMF, its holdings of foreign exchange, and its hold- total debt service to exports of goods and services ings of gold (valued at year-end London prices). (including workers' remittances). Current account balance is the sum of the cred- INT/XGS, also called the interest service ratio, its less the debits arising from intcrnational trans- is total interest payments to exports of goods and actions in goods, services, income, and current services (including workers' remittances). transfers. It represents the transactions that add to INT/GNP is total interest payments to gross or subtract from an economy's stock of foreign national product. financial items. RESIEDT is international reserves to total Data on exports and imports (on a balance of external debt. payments basis), intcrnational reserves, and current RES/MGS is international reserves to imports account balances are drawn mainly from the files of of goods and services. the IMF, complemented by World Bank staff esti- Short-term/EDT is short-term debt to total mates. Balance of payments data are presented external debt. according to the fifth edition of the IMFs Balance of Concessional/EDTis concessional debt to total Payments Mlanual, which made several adjustments external debt. to its presentation of trade statistics. Coverage of Multilateral/EDT is multilateral debt to total goods was expanded to include in imports the value external debt. of goods received for processing and repair (on a gross basis). Their subsequent re-export is recorded Long-term debt in exports (also on a gross basis). This approach will cause a country's imports and exports to increase Data on long-term debt include eight main without affecting the balance of goods. In addition, elements: all capital transfers, which were included with cur- DEBT OUTSTANDING AND DISBURSED is the total rent transfers in the fourth edition of the Balance of outstanding debt at year end. Payments Manual, are now shown in a separate cap- DISBURSEMENTS are drawings on loan commit- ital (as opposed to financial) account, and so do not ments by the borrower during the year. contribute to the current account balance. PRINCIPAL REPAYMENTS are amounts paid by the borrower during the year. Debt indicators NET FLows received by the borrower during the year are disbursements minus principal repay- The macroeconomic aggregates and debt data pro- ments. vided in the tables are used to generate ratios that INTEREST PAYMENTS are amounts paid by the analysts use to assess the external situations of devel- borrower during the year. oping countries. Different analysts give different NET TRANSFERS are net flows minus interest pay- weights to these indicators, but no single indicator ments during the year; negative transfers show net or set of indicators can substitute for a thorough transfers made by the borrower to the creditor dur- analysis of the overall situation of an economy. The ing the year. advantage of the indicators in Global Development DEBT SERVICE (LTDS) is the sum of principal Finance is that they are calculated from standardized repayments and interest payments actually made. data series that are compiled on a consistent basis by UNDISBURSED DEBT is total debt undrawn at the World Bank and the IME The ratios offer var- year end; data for private nonguaranteed debt are ious measures of the cost of, or capacity for, servic- not available. ing debt in terms of the foreign exchange or output Data from individual reporters are aggregated forgone. The following ratios are provided based on by type of creditor. Official creditors includes mul- total external debt: tilateral and bilateral debt. EDT/XGS is total external debt to exports of * Loans from multilateral organizations are goods and services (including workers' remittances). loans and credits from the World Bank, regional xviii development banks, and other multilateral and Currency composition of long-term debt intergovernmental agencies. Excluded are loans from funds administered by an international The six major currencies in which the external debt organization on behalf of a single donor govern- of low- and middle-income countries is contracted ment; these are classified as loans from govern- are separately identified, as is debt denominated in ments. special drawing rights and debt repayable in multi- * Bilateral loans are loans from governments ple currencies. and their agencies (including central banks), loans from autonomous bodies, and direct loans from Debt restructurings official export credit agencies. Private creditors include bonds, commercial Debt restructurings include restructurings in the banks, and other private creditors. Commercial context of the Paris Club, commercial banks, debt- banks and other private creditors comprise bank equity swaps, buybacks, and bond exchanges. Debt and trade-related lending. restructuring data capture the noncash or inferred * Bonds include publicly issued or privately flows associated with rescheduling and restructur- placed bonds. ing. These are presented to complement the cash- * Commercial banks are loans from private basis transactions recorded in the main body of the banks and other private financial institutions. data. * Other private includes credits from manu- Debt stock rescheduled is the amount of debt out- facturers, exporters, and other suppliers of goods, standing rescheduled in any given year. and bank credits covered by a guarantee of an Principal rescheduled is the amount of principal export credit agency. due or in arrears that was rescheduled in any given Four characteristics of a country's debt are year. given as memorandum items for long-term debt Interest rescheduled is the amount of interest due outstanding and disbursed (LDOD). or in arrears that was rescheduled in any given year. Concessional LDOD conveys information Debt forgiven is the amount of principal due or about the borrower's receipt of aid from official in arrears that was written off or forgiven in any lenders at concessional terms as defined by the given year. DAC, that is, loans with an original grant element Interestforgiven is the amount of interest due or of 25 percent or more. Loans from major region- in arrears that was written off or forgiven in any al development banks-African Development given year. Bank, Asian Development Bank, and the Inter- Debt stock reduction is the amount that has been American Development Bank-and from the netted out of the stock of debt using debt conver- World Bank are classified as concessional accord- sion schemes such as buybacks and equity swaps oT ing to each institution's classification and not the discounted value of long-term bonds that were according to the DAC definition, as was the prac- issued in exchange for outstanding debt. tice in earlier reports. Variable interest rate LDOD is long-term debt Debt stock-flow reconciliation with interest rates that float with movements in a key market rate such as the London interbank Stock and flow data on total external debt are rec- offer rate (LIBOR) or the U.S. prime rate. This onciled foreach year, beginningwith 1989. The data item conveys information about the borrower's show the changes in stock that have taken place due exposure to changes in international interest to the net flow on debt, the net change in interest rates. arrears, the capitalization of interest, the reduction Public sector LDOD and private sector LDOD in debt resulting from debt forgiveness or other debt convey information about the distribution of reduction mechanisms, and the cross-currency valu- long-term debt for DRS countries by type of ation effects. The residual difference-the change in debtor (central governmcnt, statc and local gov- stock not explained by any of these factors-is also ernment, central bank; private bank, private presented, calculated as the sum of identified debt). accounts minus the change in stock. xix Average terms of new commitments Exchange rates The average terms of borrowing on public and Data received by the World Bank from its mem- publicly guaranteed debt are given for all new bers are expressed in the currencies in which the loans contracted during the year and separately for debts are repayable or in which the transactions loans from official and private creditors. To obtain took place. For aggregation, the Bank converts averages, the interest rates, maturities, and grace these amounts to U.S. dollars using the IMF par periods in each category have been weighted by the values or central rates, or the current market rates amounts of the loans. The grant equivalent of a where appropriate. Service payments, commit- loan is its commitment (present) value, less the dis- ments, and disbursements (flows) are converted counted present value of its contractual debt ser- to U.S. dollars at the average rate for the year. vice; conventionally, future service payments are Debt outstanding and disbursed at the end of a discounted at 10 percent. The grant element of a given year (a stock) is converted at the rate in loan is the grant equivalent expressed as a percent- effect at the end of that year. Projected debt ser- age of the amount committed. It is used as a mea- vice, however, is converted to U.S. dollars at rates sure of the overall cost of borrowing. Loans with in effect at end-December 1997. Debt repayable an original grant element of25 percent or more are in multiple currencies, goods, or services and defined as concessional. The average grant element debt with a provision for maintenance of value of has been weighted by the amounts of the loans. the currency of repayment are shown at book Commitments cover the total amount of loans value. for which contracts were signed in the year speci- fied; data for private nonguaranteed debt are not Adjustments available. Year-to-year changes in debt outstanding and Projections on existingpipeline disbursed are sometimes not equal to net flows; similarly, changes in debt outstanding, including Projected debt service payments are estimates of undisbursed, differ from commitments less payments due on existing debt outstanding, repayments. The reasons for these differences are including undisbursed. They do not include ser- cancellations, adjustments caused by the use of vice payments that may become due as a result of different exchange rates, and the rescheduling of new loans contracted in subsequent years. Nor do other liabilities into long-term public debt. they allow for effects on service payments of changes in repayment patterns owing to prepay- Symbols ment of loans or to rescheduling or refinancing, including repayment of outstanding arrears, that The following symbols have been used through- occurred after the last year of reported data. out: Projected disbursements are estimates of drawings - 0.0 indicates that a datum exists, but is neg- of unutilized balances. The projections do not take ligible, or is a true zero. into account future borrowing by the debtor coun- .. indicates that a datum is not available. try. See Methodology section for a detailed explana- * Dollars are current U.S. dollars unless other- tion of how undisbursed balances are projected. wise specified. yx Debt stock and its components Total external debt (EDT) | ( LDOD) crdt by debtor | Private ||Public and publicly | nonguaranteed debt guaranteed debt by creditor Official creditors Private creditors Multilateral Bilateral Commercial Bonds Other banks xxi Aggregate net resource flows and net transfers (long-term) to developing countries Loan disbursements ~~~~~~~~~~~~~~~~~~~~~~~~~~~~I minus equals Foreign direct Debt service Net resource flows plus-investment (FDI), equals- Aggregate net (LTDS) on debt portfolio equity resource flows flows, and official grants minus minus Loan interest Interest payments and FDI profits equals equals Net transfers on Aggregate net debt transfers Note: Includes only loans with an original maturity of more than one year (long-term loans). Excludes IMF transactions. xxlu Aggregate net resource flows (long-term) and the balance of payments Credits Debits * Exports of goods and services * Imports of goods and services * Income received * Income paid Current account * Current transfers * Current transfers Including workers' remittances and private grants * 9ttfciaI uLnrcquiicd irin;t-r Ie;- b :Frci,n * C)6eilc n LnrlIL I i[cd [runvCP I b rijun Io C,-crninenlsd . P-criinnn[i * Oftti!al lii req LttJ Lrcd [Tin,ter, i b% tor in O- )fhc Unr Liqi riaicd rn [r. l-cr b.: :rlrinl * For;c;gn direct inveqrncnr ILw\ nonre.idcnnsi * F-Frci'tn direct in. cqhn-ni Ov. rc;id nnc 1 id.inxe,i nicnl1 [ 4hio n a s' nf,l *d.i[iqniJ l ..ex[fli(c1 h...n ii a r n lc': rr i * Portfoltio investnient Nb nonreiidents) * IPoraP:lic) inc tn-licflt ahbr 'd b-V Capital and arnmorrivrioni show a-nnetariven r:!ldcnt' I i,roir[idi-ionf vhlxr i financial account * C)rher Ioni-rerni capitd inflows lby' t )[her I,n -icrin CI.I *:'uLIi'1;'. I k nonre'sidents) (amortilzaions shoun rclidcn i nrtzi [io! is nc:gatii-c iecI ciee * Short-term capital inflow * Short-term capital outflow Reserve account Net changes in reserves Z Aggregate net resource flows Net resource flows on debt (long-term) Country groups Regional groups East Asia and the Pacific Poland (A) Uruguay (A) Cape Verde (A) Romania (E) Venezuela (E) Central African Republic (P) Cambodia (P) Russian Federation' (E) Antigua and Barbuda Chad (P) China (E) Slovak Republic (P) Cuba Comoros (E) Fiji (E) Tajikistan (A) Suriname Congo, Dem. Rep. (E) Indonesia (P) Turkey (A) Congo, Rep. (E) Korea, Rep. (E) Turkmenistan (A) Middle East and North Africa C6te d'Ivoire (E) Lao PDR (P) Ukraine (A) Djibouti (A) Malaysia (P) Uzbekistan (A) Algeria (A) Equatorial Guinea (E) Mongolia (P) Yugoslavia, FR (Serbia and Egypt, Arab Rep. (A) Eritrea (A) Myanmar (A) Montenegro)' (E) Iran, Islamic Rep. (A) Ethiopia (A) Papua New Guinea (A) Gibraltar Jordan (A) Gabon (A) Philippines (A) Lebanon (A) Gambia, The (E) Samoa (A) Latin America and the Caribbean Morocco (P) Ghana (A) Solomon Islands (E) Oman (A) Guinea (E) Thailand (P) Argentina (A) Syrian Arab Republic (E) Guinea-Bissau (A) Tonga (E) Barbados (E) Tunisia (P) Kenya (P) Vanuatu (E) Belize (A) Yemen, Rep. (E) Lesotho (A) Vietnam (E) Bolivia (A) Bahrain Liberia (E) Kiribati Brazil (P) Iraq Madagascar (A) Korea, Dem. Rep. Chile (A) Libya Malawi (E) Colombia (E) SaudiArabia Mali (A) Europe and CentralAsia Costa Rica (E) Mauritania (A) Dominica (A) SouthAsia Mauritius (A) Albania (A) Dominican Republic (A) Mozambique (P) Armenia (A) Ecuador (A) Bangladesh (A) Niger (A) Azerbaijan (P) El Salvador (A) Bhutan (A) Nigeria (E) Belarus (A) Grenada (E) India (P) Rwanda (A) Bosnia and Herzegovina' (P) Guatemala (A) Mlaldives (A) Sao Tome and Principe (P) Bulgaria (P) Guyana (A) Nepal (A) Senegal (P) Croatia (P) Haiti (P) Pakistan (A) Seychelles (A) Czech Republic (P) Honduras (A) Sri Lanka (A) Sierra Leone (E) Estonia (A) Jamaica (P) Afghanistan Somalia (E) Georgia (A) Mexico (A) South Africa (E) Hungary (A) Nicaragua (A) Sub-Saharan Africa Sudan (E) Kazakhstan (A) Panama (A) Swaziland (E) Kyrgyz Republic (A) Paraguay (A) Angola (A) Tanzania (A) Latvia (A) Peru (A) Benin (A) Togo (A) Lithuania (P) St. Kitts and Nevis (A) Botswana (A) Uganda (E) Macedonia, FYR (P) St. Lucia (A) Burkina Faso (A) Zambia (P) Malta (A) St.Vincent and the Grenadines (A) Burundi (A) Zimbabwe (A) Moldova (A) Trinidad and Tobago (P) Cameroon (P) Namibia iVote: Countries printed in normal type are reporters to the Debtor Reporting System (DRS); those printed in italics do not report to the DRS but are included in aggregate tables. Letters in parenthesis indicate DRS reporters' status: (A) as reported, (P) preliminary, and (E) estimated. The status "as reported" indicates that the country was fully current in its reporting under the DRS and that World Bank staff are satisfied that the reported data give an adequate and fair representation of the country's total public debt. "Preliminary" data are based on reported or collected information but, because of incompleteness or other reasons, include an element of staff estimation. "Estimated" data indicate that countries are not current in their reporting and that a significant element of staff estimation has been necessary in pro- ducing the data tables. a. For Bosnia and Herzegovina total debt, excluding IBRD and IMF obligations and short-term debt, is included under Yugoslavia, FR (Serbia and Montenegro). b. Includes the debt of the former Soviet Union on the assumption that 100 percent of all outstanding external debt as of December 1991 has become a liability of the Russian Federation. xxiii xxiv Income groups Low-income countries Middle-income countries Albania Rwanda Algeria Morocco Angola Sao Tomm and Principe Argentina Oman Armenia Senegal Barbados Panama Azerbaijan Sierra Leone Belarus Papua New Guinea Bangladesh Somalia Belize Paraguay Benin Sudan Bolivia Peru Bhutan Tajikistan Botswana Philippines Bosnia and Herzegovina Tanzania Brazil Poland Burkina Faso Togo Bulgaria Romania Burundi Turkmenistan Cape Verde Russian Federation Cambodia Uganda Chile Samoa Cameroon Vietnam China Seychelles Central African Republic Yemen, Rep. Colombia Slovak Republic Chad Zambia Costa Rica Solomon Islands Comoros Zimbabwe Croatia South Africa Congo, Dem. Rep. Afghanistan Czech Republic Sri Lanka Congo, Rep. Djibouti St. Kitts and Nevis Cote d'Ivoire Dominica St. Lucia Eritrea Dominican Republic Sr. Vincent and the Grenadines Ethiopia Ecuador Swaziland Gambia, The Egypt, Arab Rep. Syrian Arab Republic Ghana El Salvador Thailand Guinea Equatorial Guinea Tonga Guinea-Bissau Estonia Trinidad and Tobago Haiti Fiji Tunisia Honduras Gabon Turkey India Georgia Ukraine Kenya Grenada Uruguay Kyrgyz Republic Guatemala Uzbekistan Lao PDR Guyana Vanuatu Lesotho Hungary Venezuela Liberia Indonesia Yugoslavia. FR (Serbia and Madagascar Iran, Islamic Rep. Montenegro) Malawi Jamaica Antigua and Barbuda Mali Jordan Bahrain Mauritania Kazakhstan Cuba Moldova Larvia Gibraltar Mongolia Lebanon Iraq Mozambique Lithuania Kiribati Myanmar Macedonia, FYR Korea, Dem. Rep. Ncpal Malaysia Libya Nicaragua Maldives A7amibia Niger Malta SaudiArabia Nigeria Mauritius Suriname Pakistan Mexico /sote: Countries printed in normal twpe are reporters to the Debtor Reporting Svstem (DRS); those printed in italics do not report to the DRS but are included in aggregate tables. Lowv-income countries are those in which 1997 GNP per capita (calculated using the World Bank Atlas method) was no more than Ł785; middle- income countries are those in which GNP per capica was bcrtecn $786 and $9,655. Debt tables Note to users For the period 1991-97 all ruble debt owed to the former Soviet Union is converted at a rate of Long-term public and publicly guaranteed debt $1 = 0.6 ruble, except in cases where a bilateral data are as reported for ninety-two countries; for agreement specifying a different conversion rate is forty-six other countries the data are preliminary in place. This valuation method does not consti- (that is, substantially based on reported data) or tute an endorsement by World Bank staff of the estimated by World Bank staff (the status of each appropriateness or validity of this method or the country is given in the Country Groups section). exchange rate used. The appropriate valuation is a For twenty-four of the twenty-five countries matter to be resolved bilaterally between the reporting private nonguaranteed debt, data for Russian Federation and its debtor countries. 1997 are as reported. Data for the one other coun- The following abbreviations are used in the try are preliminary or estimates by World Bank principal ratios and indicator charts: staff. EDT Total external debt, including short-term Data for exports, imports, and international and use of IMF credit reserves are standard series drawn from the LDOD Total long-term debt outstanding and International Monetary Fund (IMF) and main- disbursed tained in the data files of the World Bank. Data for INT Total interest payments on long-term gross national product denominated in U.S. dol- and short-term debt, including IMF lars are drawn directly from the files of the charges Macroeconomic Data Team of the Development TDS Total debt service on long-term debt and Data Group of the World Bank. Data for direct short-term (interest only), including foreign investment are drawn from the IMF, and IMF credits data for grants are drawn from the OECD and FDI Foreign direct investment supplemented by estimates by World Bank staff. GNP Gross national product The charts on pages xx to xxii are intended to help XGS Exports of goods and services the reader interpret the debt stocks and flows MGS Imports of goods and services reported in the tables. RES International reserves 3 AGGREGATE NET RESOtJRCE FLOWS (LONG-TERM) (US$ million, unless otlherwise indicated) Private flows Aggregate net Bank and Official flows resource flows Foreign direct Portfolio trade-related (including (exci. IMF) investment equity Bonds _1endin _grants Annual Annual Annual Annual Annual Annual average average average average average average Group and country 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 Loo.intume countriits J.1..4' .36.5X8 (1,034 110.622 3,6117 2.37"3 173 2,309 1.218 1.719) 23.115S 19.566 ,%rksre-I inde-bted loA-ineonue 17.609 17.565 3.383 5.182 397 -2H 74 -30 -363 .71.)4 14,119 13.145 Angola 757 247 262 350 0 0 0 0 185 -374 310 271 Burkina Faso 320 246 0 0 0 0 0 0 0 0 320 246 Burundi 225 108 1 1 0 0 0 0 -1 0 226 107 CameToon 409 171 13 45 0 0 0 0 -14 -29 410 155 Central African Republic 135 81 -2 6 0 0 0 0 0 0 137 76 Congo, Dem. Rep. 162 103 1 1 0 0 0 0 -l 0 161 102 Congo, Rep. 188 211 5 9 0 0 0 0 35 0 148 202 Cute dilvoire 770 64 71 327 8 18 0 0 4 -436 688 154 Ethiopia 780 530 6 5 0 0 0 0 -47 23 821 501 Ghana 896 671 122 130 190 46 50 0 29 27 506 468 Guinea 326 263 10 1 0 0 0 0 -3 -24 319 286 Guinea-Bissau 67 78 1 2 0 0 0 0 0 0 67 76 Haiti 315 217 1 3 0 0 0 0 0 0 314 214 Honduras 330 547 50 122 0 0 25 -30 23 33 232 423 Liberia 112 93 14 15 0 0 0 0 0 0 98 78 Madagascar 275 792 12 14 0 0 0 0 -6 -1 268 779 Malawi 367 222 1 2 0 0 0 0 -9 -1 375 221 Mali 316 302 10 15 0 0 0 0 -l 0 306 287 Mauritania 227 183 8 3 0 0 0 0 4 -2 215 181 Mozambique 860 765 33 35 0 0 0 0 2' 2 824 728 Myanmar 239 242 125 80 it -2 0 0 19 102 83 62 Nicaragua 551 383 52 173 0 0 -2 0 -18 -16 519 226 NigeT 228 247 2 2 0 0 0 0 -23 -14 249 259 Nigeria 810 1,032 1,375 1,539 6 4 0 0 -617 -258 46 -253 Rwanda 467 509 2 1 0 0 0 0 0 0 465 508 Sao Tome and Principe 37 17 0 0 0 0 0 0 0 0 37 17 Sierra Leone 134 107 -2 4 0 0 0 0 -6 0 142 103 Somalia 423 75 1 0 0 0 0 0 0 0 423 75 Sudan 296 140 0 0 0 0 0 0 0 0 296 140 Tanzania 806 763 70 158 0 0 0 0 -1 -15 736 620 Uganda 611 722 78 180 0 0 0 0 -11 -1 545 544 Vietnam 1,562 2,621 910 1.800 183 -94 0 0 129 287 339 627 Zambia 579 395 56 70 0 0 0 0 -36 9 560 316 Mluderatel) indibled ha'-incorne 14.711) 15.663 2.498 -1.;2o 3.2111 2.411 1191 2.264 1.493 1.518 'T.4118 4-954 Bangladesh 1 ,244 1,004 9 135 22 11 0 0 -30 -28 1,242 886 Benin 216 150 5 3 0 0 0 0 0 0 211 147 Cambodia 354 415 120 203 0 0 0 0 2 -3 232 215 Chad 212 183 15 15 0 0 0 0 0 0 197 168 Comeros 29 17 1 2 0 0 0 0 0 0 28 15 Gambia, The 61 41 9 12 0 0 0 0 -3 0 54 29 India 6,620 8,506 1,274 3,351 2.545 2,116 65 1,919 1.286 920 1,450 199 Kenya 317 73 11 20 9 12 0 0 -121 -119 418 160 Lao PDR 235 347 58 90 0 0 0 0 0 0 178 257 Pakistan 2.869 3,058 547 713 617 252 69 375 377 757 1,258 961 Senegal 476 406 33 30 0 0 0 0 -16 14 459 362 Togo 121 84 0 0 0 0 0 0 0 -6 121 90 Yemen, Rep. 437 83 269 -138 0 0 0 (12 0 166 221 Zimbabwe 503 285 36 70 17 10 -34 -30 -3 -18 487 253 4 AGGREGATE NET RESOURCE FLOWS (LONG-TERM) (US$ million, unless otherwise inidicated) Private flows Aggregate net Bank and Official flows resource flows Foreign direct Portfolio trade-related (including (excl. IMF) investment equity Bonds - lending _grans) Annual Annual Annual Annual Annual Annual average average average average average average Group and country 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 Othier ,tleeted c',iunlrieQ Albania 273 162 58 48 0 0 0 0 2 -1 213 115 Armenia 167 185 8 51 0 0 0 0 0 0 159 134 AzeTbaijan 345 713 225 650 0 0 0 0 0 8 120 55 Bhutan 36 36 0 0 0 0 0 0 -2 -2 38 38 Eritrea 116 91 0 0 0 0 0 0 0 0 116 91 Kyrgyz Republic 175 236 38 50 0 0 0 0 0 0 136 186 Lesotho 120 101 18 29 0 U 0 0 1 13 102 59 Motdova 122 311 12 60 0 0 0 75 16 121 94 54 Mongolia 121 283 6 7 0 0 0 0 -8 9 122 267 Nepal 293 323 9 23 0 0 0 0 -8 -11 292 311 Tajikistan 113 101 8 20 0 0 0 0 t4 0 91 81 Turkmenistan 138 878 27 85 0 0 0 0 70 762 41 31 Mliddlr-incomas coiuntries 197,726 .411.436 80.6641 152j101 33.417 27.818 32.824 40.2183 26.133 61,031) 24.693 19.O511 Se%ereIi indehied middle-incoime 415j687 82.27h 14.671 3-1.N32 111,204 7.261 9,551 121.644 6.5 12 25.66! 4.750 1J.%8I Argentina 12.052 19,751 4.051 6,645 1,640 2.236 4,785 9,015 556 1.939 1,020 -84 Bolivia 786 1,320 246 601 0 0 0 -3 19 213 521 508 Brazil 16,406 41,620 4,497 19,652 4,142 3.835 3.481 1.221 5,462 18,669 -1,175 -1,757 Bulgaria 402 621 80 498 260 130 -84 -62 -66 3 211 52 Ecuador 653 888 419 577 1 0 -2 -136 59 387 175 58 Gabon 51 -65 -54 -100 0 0 0 0 -35 -5 140 40 Guvana 145 298 96 90 0 0 0 0 -8 -5 57 213 Indonesia 9.925 11.581 3,286 4,677 2,843 298 1,330 3.120 749 2.769 1,717 718 Jamaica 190 166 182 137 0 0 27 200 -20 40 2 -211 Jordan 294 620 8 22 7 70 1 90 -147 -122 425 559 Peru 3,698 4.279 1,823 2,030 1.311 692 12 -802 12 1.175 541 1,184 Syrian Arab Republic 294 -108 123 80 0 0 0 0 -28 -11 199 -176 Nladerateli indebied middle-inctrme 43.935 69.161 17.5;97 32.Sl1l 7.177 ,12 9.669 11.642 7,222 16.1193 2.270i 6.489 Algeria 869 -391l 11 7 2 8 -303 0 480 -557 679 152 Belize 38 29 15 17 0 0 0 0 1 -7 22 19 Cbile 3,938 9,296 2,451 5,417 395 486 505 1,039 1,085 2.695 -497 -340 Colombia 3,636 9,780 1,790 5.982 182 116 788 1,068 1,149 2,984 -272 -371 Dominica 37 23 20 20 0 0 0 0 0 0 17 3 Equatorial Guinea 131 33 110 20 0 0 0 0 0 0 22 13 Georgia 184 183 11 50 0 0 0 0 5 0 169 133 Hungary 3,639 2,567 2.295 2,079 375 1,810 1,499 -1,212 -523 -72 -6 -39 Macedonia, PYR 68 168 12 15 0 00 0-4 -7 60 160 Malaysia 9,644 9,151 4,748 5,106 2.411 -489 1,085 2,503 1,495 2,192 -95 -161 Mauritius 127 781 21 53 13 24 30 600 61 94 2 10 Morocco 775 818 413 1,200 87 243 59 0 -44 -140 260 -484 Panama 189 1.572 213 1,030 46 2 14 459 -15 -48 -69 129 Philippines 3,758 4A4S9 1,210 1,222 1,296 73 1.052 2.631 -426 238 625 295 Slovak Republic 665 1,343 173 165 12 48 172 -10 153 872 155 269 St. Vincent and Grenadines 49 50 29 42 0 0 0 0 1 -2 19 9 Thailand 8,393 9,453 1.937 3,745 1,258 -308 2.417 1.726 2,360 -1,719 421 6,008 Tunisia 869 1,141 404 316 0 0 145 586 -1 1 321 239 Turkey 4,304 12,211 739 805 604 577 1,789 1.975 1,595 8.864 -423 -11 Uruguay 408 828 110 160 7 2 150 449 35 22 107 196 Venezuela 1.905 6,039 996 5,087 490 429 266 -173 -104 938 257 -243 5 AGGREGATE NET RESOURCE FLOWS (LONG-TERM) (US$ million, unless otherwise indicated) Private flows Aggregate net Bank and Official flows resource flows Foreign direct Portfolio trade-related (including (excl. IMF) investment equity Bonds lending grants) Annual Annual Annual Annual Annual Annual average average average average average average Group and country 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 (Oher s,eletted counLries Barbados 51 92 12 14 48 96 4 -12 -19 -20 5 14 Belarus 350 238 25 200 0 0 0 0 98 -31 227 70 Botswana 14 87 -29 100 0 0 0 0 2 -5 40 -8 Cape Verde 83 90 5 13 0 0 0 0 2 1 76 76 China 44,580 65,370 29,697 44,236 3,040 8,457 1,324 3,330 5,741 4,805 4,778 4,543 Costa Rica 278 85 319 57 1 0 -7 40 -22 7 -13 -19 Croatia 488 2,503 211 388 28 0 17 485 213 1,524 19 106 Czech Republic 3,060 1,804 1,328 1,286 86 16 144 205 1,302 311 201 -14 Djibouti 73 50 3 5 0 0 0 0 0 0 70 45 Dominican Republic 294 357 313 405 0 0 0 -2 -44 -2 26 -45 Egypt, Arab Rep. 2,163 3,521 688 891 249 1,813 0 0 -393 -109 1.618 926 El Salvador 396 330 13 11 0 0 0 0 -17 50 401 269 Estonia 246 404 162 266 4 1 8 81 1 -2 71 58 Fiji 60 7 68 12 0 0 0 0 -8 -12 -1 6 Grenada 28 23 21 22 0 0 0 0 -1 -1 8 2 Guatemala 196 373 91 90 0 0 11 106 -13 -30 108 207 Iran, Islamic Rep. -1,019 -4,297 9 50 0 0 0 0 579 -353 -1,606 -3,993 Kazakhstan 1,003 2,636 507 1,321 0 50 40 350 167 436 289 478 Korea, Rep. 1/ 12,835 17,465 1,245 2,844 3,772 1,257 8,210 8,968 7,256 6,490 2,409 7,073 Latvia 265 670 170 521 0 26 9 -3 8 15 78 111 Lebanon 499 1,280 26 150 32 89 242 719 80 112 119 209 Lithuania 247 765 57 355 5 0 22 90 46 193 117 128 Maldives 40 20 8 10 0 0 0 0 2 5 31 5 Malta 198 240 151 128 0 0 0 0 24 93 23 19 Mexico 19,046 15,999 7,693 12,477 5,725 2,052 6,199 473 -1,147 5,530 576 -4,534 Oman 158 102 87 90 11 38 0 225 -30 -234 90 -16 Papua New Guinea 478 325 170 200 127 0 9 0 74 57 263 183 Paraguay 142 480 166 250 0 0 0 0 -61 23 36 207 Poland 4,748 7,078 2.485 4,908 410 945 121 803 -112 131 1,845 291 Romania 1,835 2,980 239 1,215 3 0 206 422 352 637 1,036 706 Russian Federation 6,661 15,149 1,027 6,241 1,084 1,206 -165 5,460 2,157 -454 2,557 2,696 Samoa 34 11 4 4 0 0 0 0 0 0 31 7 Seychelles 38 56 26 49 0 0 0 0 1 -3 11 10 Solomon Islands 33 36 15 22 0 0 0 0 -1 -4 18 18 South Africa 3,868 3,807 695 1,725 2,183 1,393 867 623 -26 -131 148 198 Sri Lanka 573 984 132 430 49 98 0 50 -41 -4 433 410 St. Kitts and Nevis 19 28 16 25 0 0 0 0 0 -1 3 4 St. Lucia 68 54 36 45 0 0 0 0 0 0 32 9 Swaziland 67 99 50 75 0 0 0 0 -1 0 18 24 Tonga 19 9 2 3 0 0 0 0 0 -3 17 9 Trinidad and Tobago 319 53 338 340 0 0 47 -150 -107 -94 40 -44 Ukraine 819 1,496 189 623 0 0 -56 0 225 796 461 77 Uzbekistan 424 476 61 285 0 0 0 0 154 150 209 41 Vanuatu 43 37 28 30 0 0 0 0 0 0 15 7 Yugoslavia, FR (Serbia, Mont.) 997 337 18 0 0 0 0 0 -31 0 1,010 337 %II de%eIijping Lounirie, 231.753 33H.047 86.694 163.423 37,t24 30t.YI 32.997 42.S92 27.3-10 62.748 47.688 39.f93 Note: Individual country data are shown for Debtor Reporting System countries only. Data for Bosnia and Herzegovina are not shown separately. Totals include estimates for countries not part of the DRS. A country is classified as severely indebted if for 1997 the ratio of the present value of total debt service due to average GNP in 1995-97 is higher than 80 percent or the ratio of the present value of total debt service due to average exports in 1995-97 is higher than 220 percent. A country is classified as moderately indebted if for 1997 the ratio of the present value of total debt service due to average GNP in 1995-97 is less than 80 percent but higher than 48 percent or the ratio of the present value of total debt service due to average exports in 1995-97 is less than 220 percent but higher than 132 percent. 1/ High-income country, included in totals. 6 NET FLOWS AND TRANSFERS ON DEBT 1us$ million, unless othierwise indicated) Net flows on -long-term debt Net flows Net transfers Net flows on Official on debt on debt debt!/ GNP ( c) Total (excl. IMF) _ Private Annual Annual Aninual Annual Annual Annual average average average average average average Group and country 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 StrereI3 indtl,wed lan-income 3.5115 3.70Q -173 333 l.S 1.3 2..15 2 L.661 3.142 2.395 -2911 .-35 Angola 181 -357 31 -715 7 - 8 229 -401 44 -27 185 -374 BurkirnaFaso 107 71 89 53 5 3 96 39 96 39 0 0 Burundi 40 3 28 -6 4 0 45 7 46 7 -1 0 Camneroon 139 673 -68 440 2 8 178 -11 191 18 -14 -29 CeintLal Africani Republic 33 -l 26 -5 3 0 36 4 36 4 0 0 Congo, Demn. Rep. -40 242~ -63 229 -1 5 22 0 23 0 -1 0 Congo, Rep. 14 96 -119 39 2 5 49 -30 14 -30 35 0 Cote dtlvoire 680 413 187 -109 6 4 284 -580 280 -144 4 -436 Ethiopia 178 130 130 83 3 2 178 128 225 104 -47 23 Ghana 360 191 238 48 6 3 362 336 283 309 79 27 Guinea 132 401 89 346 4 11 130 141 132 165 -3 -24 Guinea-Bissau 23 27 19 23 10 11 24 25 24 25 0 0 Haiti 21 184 10 166 0 7 34 83 34 83 0 0 Honduras 222 408 43 215 6 9 169 350 121 348 48 3 Liberia 1 -21 -1 -21 - .1 0 1 0 0 0 Madagascar 51 208 24 114 2 6 75 216 81 217 -6 -1 Malawi 134 25 100 -2 8 1 119 106 128 107 -9 -l Mali 126 86 91 62 5 3 101 71 102 71 -l 0 Mauritania 61 155 23 ill 6 15 76 23 71 25 4 -2 Mozambique 179 341 117 295 11 13 180 221 177 220 2 2 Myanmar -1 118 -66 103 . ..6 89 -14 -14 19 102 Nicaragua 116 -44 34 -187 8 -2 141 -5 161 1 1 -20 -16 Niger 21 102 4 87 1 6 28 54 51 68 -23 -14 Nigeria -558 -663 -1,741 -1,239 -2 -2 -624 -525 -7 -267 -617 _258 Rwanda 43 114 35 104 2 6 47 62 48 62 0 0 Sao Tome and Principe 19 3 17 0 45 7 15 1 15 1 0 0 Sierra Leone 54 25 28 16 8 3 51 34 57 34 -6 0 Somalia 0 -7 -1 -7 .. -0 0 0 0 0 0 Sudan 5 1 -157 40 -172 1 -2 50 5 50 5 0 0 Tanzania 168 236 82 186 4 3 147i 171 148 186 -1 -15 Uganda 219 209 181 164 6 3 203 196 214 197 -11 - I Vietnam 468 553 349 229 3 2 21 669 83 382 129 287 Zambia 155 -115 -70 -188 5 -3 101 76 137 67 -36 9 Nlmidcraleli indubhkd Inn -incomne 4.013 3Ł124 -2.243 -2.2114 L.1 "1.6 4.925 5.1l97 3.332 1.415 I.5913 3. 7N i2 Bangladesh 455 197 265 1 1 1 0 509 299 539 326 -30 -28 Benin 88 114 71 9 1 5 5 74 23 75 23 0 0 Cambodia 48 49 42 43 2 2) 43 36 4 1 39 2 -3 Chad 83 77 74 65 6 5 80 68 80 68 0 0 Comoros 8 9 7 8 4 4 8 4 8 4 0 0 Gambia,The 16 -3 9 -10 4 -1 20 13 23 13 -3 0 India 1,686 235 -2,656 -3.433 1 0 2.232 2.528 881 -312 1.351 2,839 Kenya -31 19 -316 -195 0 0 11 -165 132 -47 -121 -119 LaoIPDR 89 119 83 111 6 7 78 120 78 120 0 0 Pakistan 1,233 1,572 205 339 2 3 1,485 1.935 1,039 803 446 1,132 Senegal 56 158 -25 69 1 4 80 141 96 127 -16 14 Togo 26 10 1 1 -6 2 1 35 27 35 33 0 -6 Yemen, Rep. -81 219 -122 181 -2 4 69 87 67 87 2 0 Zimbabwe 331 232 104 5 5 3 196 82 234 130 -38 -48 7 NET FLOWS AND TRANSFERS ON DEBT (US$ million, unless otherwise indicated) Net floows on long-term debt Net flows Net transfers Net flows on Official on debt on debt debt / GNP (%) Total (excl. IMF) Private Annual Annual Annual Annual Annual Annual average average average average average average Group and country 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 Olher elected counlrie* Albania 61 63 53 39 7 2 60 45 58 46 2 -1 Armenia 102 142 97 125 5 8 72 98 72 98 0 0 Azerbaijan 102 129 97 109 3 3 53 34 53 26 0 8 Bhutan 0 7 -2 6 0 2 0 5 3 8 -2 -2 Eritrea 14 33 14 33 2 4 14 33 14 33 0 0 Kyrgyz Republic 119 202 108 180 4 9 90 143 90 143 0 0 Lesotho 49 30 35 ll 4 2 46 34 45 21 1 13 Moldova 150 240 135 190 6 13 95 244 80 48 16 196 Mongolia 67 246 58 226 5 25 61 219 69 209 -8 9 Nepal 127 158 96 130 3 3 126 162 134 173 -8 -11 Tajikistan 72 52 71 44 3 3 66 13 52 14 14 0 Turkmenistan 172 1,039 149 971 4 37 104 791 33 28 70 762 Mliddle-inca,me ruunlriv% 115,573 145.442 401.771 45.684 2.5 2.5 69.J119 11),tl23 10,1163 8.711t 58,957 11.1.313 StenIrOy indebted middle-inectme 29.34i3 49.4011 8.597 18.474 2.4 3.1 1S,'hl 37.757 2.698 -S48 16.1t63 38,305 Argentina 8,689 16,596 4,391 9,171 3 5 6,334 10,844 993 -110 5,342 10,954 Bolivia 301 486 146 273 5 6 252 419 233 209 19 210 Brazil 11,115 17,537 3,859 5,981 2 2 7,705 18,070 -1,237 -1,820 8,943 19,890 Bulgaria 13 57 -338 -440 0 1 -9 -135 141 -76 -150 -59 Ecuador 410 735 -122 -88 3 4 176 262 118 10 58 252 Gabon -53 260 -256 -2 -1 6 24 -23 59 -18 -35 -5 Guyana 17 11 -22 -45 5 2 10 13 18 18 -8 -5 Indonesia 7,112 13,227 1,583 6,500 4 6 3,561 6,423 1,482 535 2,080 5,888 Jamaica -73 93 -292 -115 -2 2 -90 -8 -97 -249 7 240 Jordan -99 491 -386 184 -3 7 103 235 249 266 -146 -31 Peru 1,228 1,898 314 460 2 3 323 1,335 299 963 24 373 Syrian Arab Republic 311 -523 111 -725 2 -3 111 -258 139 -246 -28 -11 Nluderuiel% indelited uniiddle-iutci,ni 28.8S2 49.1101 S5549 21,474 3.6 ;.I 16.943 32.536 53 4.802 16,891 27.734 Algeria 807 -487 -1,059 -2,561 2 -1 777 -436 601 122 177 -557 Belize 18 160 9 147 3 26 14 8 13 15 1 -7 Cbile 1,796 6,291 465 4,731 4 8 1,031 3,360 -559 -374 1,590 3,734 Colombia 2,422 3,472 741 1,461 3 4 1,592 3,597 -345 -456 1,937 4,053 Dominica 4 -8 2 -12 2 -4 3 -4 3 -4 0 0 Equatorial Guinea 7 19 6 17 5 4 5 1 5 1 0 0 Georgia 127 137 118 94 4 3 84 78 79 78 5 0 Hungary 882 -1,395 -920 -3.076 2 -3 873 -1,393 -103 -109 976 -1,284 Macedonia, FYR 62 146 42 76 3 7 26 73 30 80 -4 -7 Malaysia 4,251 8,397 2,737 5,565 6 9 2,452 4,527 -127 -168 2,580 4,695 Mauritius 152 768 88 621 4 18 78 691 -13 -3 91 694 Morocco -81 -909 -1,644 -1,943 0 -3 30 -894 15 -753 14 -141 Panama -95 1,055 -355 704 -1 13 -118 530 -116 119 -1 411 Philippines 1,481 7,284 -555 5,084 2 9 995 2,975 368 107 626 2,869 Slovak Republic 914 2,397 590 1,973 6 12 443 1,101 119 239 324 862 St. Vincent and Grenadines 29 50 24 39 12 17 4 3 3 5 1 -2 Thailand 10,110 5,637 6,706 51 7 4 5,086 5.937 309 5,930 4,777 7 Tunisia 538 604 21 66 3 3 360 691 216 105 144 587 Turkey 5,030 12,846 868 8,924 3 7 2.611 10,775 -774 -64 3,385 10,840 Uruguay 360 894 44 440 2 4 279 659 94 189 185 471 Venezuela 253 1,592 -1,937 -720 0 2 409 512 247 -254 162 766 8 NET FLOWS AND TRANSFERS ON DEBT (US$ million, unless otherwise indicated) Net flows on long-term debt Net flows Net transfers Net flows on Official on debt on debt debt / GNP (% ) Total (excl. IMF) Private Annual Annual Annual Annual Annual Annual average average average average average average Group and countr" 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 1992-96 1997 Otther wlecLed suunrrier Barbados -9 75 -50 33 -1 .. -15 -20 0 12 -15 -32 Belarus 266 149 232 74 1 1 191 12 94 43 98 -31 Botswana 3 -18 -38 -48 0 0 3 -52 1 -48 2 -5 Cape Verde 16 18 13 14 4 4 16 16 14 15 2 1 China 14,466 18,506 9.840 11.588 3 2 11,540 12,449 4,476 4,315 7.065 8,134 Costa Rica -75 164 -301 -45 -1 2 -72 0 -43 -47 -29 47 Croatia 356 2.241 252 1.867 2 12 211 2,076 -19 68 230 2,008 Czech Republic 2.113 1.789 1,466 689 4 3 1,584 435 138 -82 1,446 516 Djibouti 17 11 14 9 4 2 19 7 19 7 0 0 Dominican Republic -20 -11 -195 -214 0 0 -59 -97 -14 -94 -44 -4 Egypt, Arab Rep. -296 468 -1,555 -518 -1 1 -121 -161 272 -52 -393 -109 El Salvador 259 452 145 300 3 4 159 237 176 186 -17 50 Estonta 83 273 73 246 2 6 46 92 37 13 9 79 Fiji -27 10 -46 -2 -1 1 -28 -19 -20 -8 -8 -12 Grenada 3 -9 0 -12 1 .. 1 -3 2 -2 -1 -1 Guatemala 110 378 -36 217 1 2 5 122 7 46 -2 76 Iran, Islamic Rep. 1,823 -5,799 582 -6,777 1 -5 -1,076 -4.398 -1,654 -4,045 579 -353 Kazakhstan 633 1,342 570 1,113 3 6 477 1,220 270 434 207 786 Korea, Rep. 1/ 15,931 12,759 11,269 5,770 4 3 0 .. 2,407 7,072 -477 -566 Latvia 98 59 83 31 2 1 63 75 47 63 17 12 Lebanon 481 1,094 355 798 4 7 385 952 63 120 322 832 Lithuania 236 370 213 301 3 4 150 349 82 66 68 283 Maldives 18 0 15 -4 8 0 17 -2 16 -7 2 5 Malta 67 92 30 38 2 3 20 85 -4 -7 24 93 Mexico 8,664 -3,560 -897 -13,779 3 -1 5,593 1,440 541 -4,563 5,052 6,003 Oman 99 241 -86 64 1 .. 31 -25 61 -16 -30 -9 Papua New Guinea -82 60 -226 -25 -1 1 -64 -60 19 -2 -83 -57 Paraguay 46 -18 -87 -121 0 0 -52 210 8 187 -61 23 Poland 314 1,943 -1,005 467 0 1 237 794 228 -140 9 934 Romania 1,415 1,821 1,145 1,243 5 6 1.487 1,657 929 598 558 1,059 Russian Federation 5,855 7,549 4,019 2,485 1 2 3.273 7,424 1,280 2,418 1,993 5,006 Samoa 5 3 3 2 3 2 10 -t 10 -1 0 0 Seychelles -4 9 -10 4 -1 2 4 2 3 5 1 -3 Solomon Islands -6 -2 -8 -4 -2 -1 0 -2 1 2 -1 -4 South Africa 4,452 165 3,221 -1,206 4 0 841 492 0 0 841 492 Sri Lanka 263 191 110 44 2 1 229 338 269 292 -41 47 St. Kitts and Nevis 3 3 1 1 1 1 2 3 2 4 0 -1 St. Lucia 13 16 8 10 3 3 10 4 11 4 0 0 Swaziland -3 164 -10 149 0 11 -2 8 -1 8 -1 0 Tonga 3 -2 2 -4 2 -1 3 -2 3 1 0 -3 Trinidad and Tobago -73 -6 -243 -156 -2 0 -27 -296 32 -52 -60 -244 Ukraine 941 1,731 717 1.062 1 4 394 802 225 6 169 796 Uzbekistan 418 501 368 309 2 2 351 174 197 24 154 150 Vanuatu 2 4 1 3 1 2 1 0 1 0 0 0 Yugoslavia, FR (Serbia, Mont.) -101 1,728 -299 1,676 .. .. -79 0 -49 0 -31 0 All dt'elopin counLrier 124.151 154.4S9 3Q.237 45.40r5 2.4 2.3 77,5411 118,687 17.192 13,347 604348 lt5,341) Note: Individual country data are shown for Debtor Reporting System countries only. Data for Bosnia and Herzegovina are not shown separately. Totals include estimates for countries not part of the DRS. A country is classified as severely indebted if for 1997 the ratio of the present value of total debt service due to average GNP in 1995-97 is higher than 80 percent or the ratio of the present value of total debt service due to average exports in 1995-97 is higher than 220 percent. A country is classified as moderately indebted if for 1997 the ratio of the present value of total debt service due to average GNP in 1995-97 is less than 80 percent but higher than 48 percent or the ratio of the present value of total debt service due to average exports in J 995-97 is less than 220 percent but higher than 132 peTcent. 1i High-income country, included in totals. EXTERNAL DEBT 9 (US$ million, unless otherwise indicated) Long-term Distribution of long-term debt(% Total debt Total debt!I debt / total stock GNP (91) debt (%) Multilateral Bilateral Private___ Group and country 1992 1997 1992 1997 1992 1997 1992 1997 1992 1997 1992 1997 14flA-inc(mnl counIrir, 369.142 3W'.,326 66 418 85 s6 29 35 50 413 21 22 Se%erel~ indebled IuQA-intonle 2019.424 2I1. 24' 123 74 %4 82 23 29 59 54 Is 17 Angola 10,061 10.160 287 232 81 87 1 3 23 30 76 67 Burkina Faso 1,040 1,297 52 54 94 88 73 88 27 12 1 0 Burundi 1,022 1,066 95 113 93 96 81 85 19 15 0 0 Cameroon 7,415 9,293 69 109 88 85 22 19 54 72 23 10 Central African Republic 814 885 57 88 90 91 69 75 28 23 3 2 Congo, Dem. Rep. 10,964 12,330 134 232 82 70 24 25 66 65 10 10 Congo, Rep. 4,770 5,071 187 278 81 84 14 14 63 66 23 19 Cote d'lvoire 18,547 15.609 189 165 75 80 27 26 35 37 38 37 Ethiopia 9,341 10,079 169 159 96 94 17 26 75 70 8 4 Ghana 4,499 5.982 71 89 74 83 66 64 24 22 10 14 Guinea 2,648 3,520 84 95 93 85 37 52 59 46 4 2 Guinea-Bissau 761 921 358 366 91 91 45 46 51 54 4 0 Haiti 785 1,057 40 38 81 85 82 83 11 17 7 0 Honduras 3,614 4,698 III1 0103 92 89 54 55 35 33 1 1 12 Liberia 1,923 2, 012 . .. 56 53 38 38 44 44 18 18 Madagascar 3,911 4,105 137 119 89 94 40 43 56 56 3 1 Malawi 1.709 2,206 97 89 92 94 82 86 14 13 4 1 Mali 2,898 2.945 103 119 96 91 38 54 62 46 0 0 Mauritania 3,088 2,453 186 235 87 83 39 46 56 53 5 1 Mozambique 5.130 5.991 366 233 92 91 14 30 81 69 5 1 Myanmar 5,355 5.074 . .. 93 91 26 25 69 65 5 10 Nicaragua t11, 178 5.677 828 306 83 85 12 33 66 59 22 8 Niger 1.517 1,579 66 86 90 90 53 62 32 32 1 5 7 Nigeri'a 29,019 28,455 98 76 92 81 15 18 53 57 32 26 Rwanda 857 1,111 42 60 92 89 82 86 18 14 0 0 Sao Tome and Principe 194 261 449 672 89 87 64 69 35 31 1 0 Sierra Leone 1,245 1.149 200 141 54 78 32 55 63 44 5 1 Somalia 2,447 2.561 . .. 78 72 39 39 59 59 2 2 Sudan 15,450 16.326 278 182 61 58 20 21 59 58 21 21 Tanzania 6.690 7.177 143 97 88 85 39 48 54 47 7 5 Uganda 2,928 3,708 106 56 83 86 64 75 25 23 11 2 Vietnam 24,332 21.629 247 89 89 87 1 4 94 70 6 25 Zambia 6,972 6.758 243 185 68 78 33 42 59 55 8 3 NIiider.jieI1 indtlhied In'.-inw.-nir 1.53.30' 67.5l1 44 33 Nh ¶j 2 38 4 1 38 31 24 28 Bangladesh 13.928 15,125 43 35 93 96 58 66 40 33 2 1 Benin 1.373 1,624 87 77 96 86 48 63 52 37 0 0 Cambodia 1.840 2,129 93 70 91 95 0 11 100 89 0 0 Chad 723 1,027 41 65 93 91 76 80 23 18 1 2 Comoros 188 197 70 102 93 92 70 83 30 17 0 0 Gambia, The 403 430 118 108 86 95 73 80 24 20 3 0 India 90,264 94,404 38 25 88 94 33 33 34 26 33 41 Kenya 6,907 6.486 91 65 83 84 44 51 26 34 31 15 Lao PDR 1.917 2.320 170 132 98 97 19 36 81 64 0 0 Pakistan 24,918 29.665 51 48 78 87 45 46 46 37 9 17 Senegal 3.666 3.671 94 83 83 86 52 57 43 41 5 2 Togo 1.339 1,339 80 93 84 90 54 59 41 41 5 0 Yemen, Rep. 6.571 3.856 1 23 77 80 89 20 41 47 35 33 24 Zimbabwe 4,071 4,961 63 58 77 73 31 45 31 29 38 26 10 EXTERNAL DEBT (US$ million, unless otherwise indicated) Long-term Distribution of long-term debt (%) Total debt Total debt debt / total stock GNP (%) debt (%) Multilateral Bilateral Private Group and country 1992 1997 1992 1997 1992 1997 1992 1997 1992 1997 1992 1997 (ilher seletted countrie, Albania 633 706 94 28 20 85 2 27 48 31 50 42 Armenia 41 666 4 38 7 77 0 72 100 28 0 0 Azerbaijan .. 504 .. 12 46 65 .. 31 .. 3 Bhutan 84 89 39 27 99 97 61 84 22 13 16 3 Eritrea .. 76 .. 9 .. 100 .. 55 .. 45 . 0 Kyrgyz Republic 4 928 0 43 100 79 0 55 100 45 0 0 Lesotho 495 660 45 52 94 95 70 75 24 18 6 7 Moldova 39 1.040 1 57 100 76 59 36 41 29 0 35 Mongolia 350 718 .. 73 78 90 21 45 39 46 40 9 Nepal 1,807 2398 51 49 97 98 82 85 13 13 5 2 Tajikistan 10 901 0 45 100 88 0 6 100 69 0 25 Turkmenistan .. 1,771 .. 63 .. 70 .. 2 .. 11 .. 87 %liddlr-income .ounrrier 1.265.919 1.929'275 32 33 77 75 14 12 3tl 25 56 63 Stverrel indebted rmiddle-incoui 425.954 676,1c1 49 37 9 78 12 1 37 26 Sll 63 Argentina 68,345 123,221 31 39 73 81 10 10 16 8 74 82 Bolivia 4.235 5,248 80 68 90 87 48 59 41 31 11 10 Brazil 128,741 193,663 34 24 81 81 10 6 19 8 71 85 Bulgaria 11,854 9,858 116 101 82 83 3 13 16 15 81 72 Ecuador 12,280 14,918 102 87 81 85 23 23 22 16 56 61 Gabon 3,850 4,285 79 96 79 86 12 14 68 82 21 4 Guyana 1,897 1.611 711 236 88 84 32 49 63 46 5 4 Indonesia 88,002 136,174 66 65 79 71 23 16 34 27 43 56 Jamaica 4.256 3.913 147 98 84 79 31 32 57 46 12 23 Jordan 7.817 8,234 161 117 89 86 13 21 45 57 42 22 Peru 20,335 30,496 50 50 78 74 13 19 60 50 27 32 Syrian Arab Republic 19,017 20,865 155 126 84 78 5 4 88 89 7 7 Nloderatrls indrbtrd midditeina'ne 324,697 - 495.1t1l 47 51 7') ?4 211 13 2(1 1# 61 711 Algeria 27,078 30,921 58 69 94 93 11 13 14 50 75 36 Belize 188 383 40 62 94 52 36 36 45 44 19 20 Chile 19,134 31,440 48 42 79 68 29 7 6 3 66 90 Colomiibia 17,277 31,777 37 35 85 82 40 16 13 6 47 78 Dominica 96 98 52 44 93 88 70 65 30 35 0 0 Equatorial Guinea 255 283 172 58 84 74 37 45 55 48 7 7 Georgia 79 1,446 2 28 100 81 0 29 0 70 100 1 Hungary 221018 24,373 61 55 84 86 18 12 3 3 79 85 Macedonia. FYR .. 1,543 .. 71 .. 85 .. 30 .. 23 .. 46 Malaysia 20,018 47,228 36 51 82 68 11 4 16 9 72 88 Mauritius 1,051 2,472 33 57 90 80 29 12 38 16 32 72 Morocco 22,061 19.321 81 59 96 99 25 32 48 41 27 28 Panama 6,486 6.338 105 75 58 85 18 14 16 7 65 79 Philippines 33,005 45,433 61 53 81 72 26 22 45 34 29 44 Slovak Republic 2,746 9,989 23 52 62 55 14 9 7 5 79 85 St. Vincent and Grenadines 72 258 32 89 98 33 73 65 27 32 0 2 Thailand 41,864 93,416 38 63 65 60 11 6 20 21 69 73 Tunisia 8.541 11,323 57 63 87 85 37 35 42 38 20 26 Turkey 56,554 91,205 35 47 78 75 22 10 18 11 60 80 Uruguay 4,574 6,652 39 33 69 71 31 26 6 7 63 67 Venezuela 37,848 35,542 64 42 78 83 9 8 3 3 88 88 EXTERNAL DEBT (US$ million, unless otherwise indicated) Long-term Distribution of long-term debt (c Total debt Total debt / debt / total stock GNP (%) debt I %) Multilateral Bilateral Private Group and country 1992 1997 1992 1997 1992 1997 1992 1997 1992 1997 1992 1997 Other welcr. ed counl rie c Barbados 610 644 39 .. 66 54 43 57 9 5 48 37 Belarus 189 1,162 1 5 100 58 0 38 12 19 87 43 Botswana 612 562 15 ll 99 93 76 73 20 21 3 5 Cape VeTde 142 220 40 52 96 96 71 76 27 18 2 6 China 72,428 146,697 17 17 81 79 1 5 16 1 8 is 67 66 Costa Rica 3,934 3,548 60 38 89 85 34 45 39 26 28 29 Croatia .. 6,842 .. 35 .. 88 .. 7 .. 17 .. 76 Czech Republic 7,571 21,456 27 42 62 67 16 6 7 2 77 92 Dlibouti 235 284 5 1 57 93 89 47 54 53 46 0 0 Dominican Republic 4,613 4,239 55 29 82 82 23 28 49 54 28 18 Egypt, Arab Rep. 31,067 29.849 78 39 91 90 12 14 75 81 13 4 El Salvador 2,263 3.282 38 29) 95 75 43 68 48 25 9 7 EstoDia 58 658 1 14 82 45 2 43 21 1 3 77 44 Fiji 339 213 21 10 91 78 60 67 12 8 28 25 Grenada 105 105 43 .. 89 S8 46 45 42 48 12 6 Guatemala 3,051 4,086 30 23 83 72 37 35 28 37 35 27 Iran, Islamic Rep. 16.084 11.816 15 10 11 72 8 6 3 62 89 32 Kazakhstani 35 4,278 0 19 73 So 0 24 39 23 62 53 Korea, Rep. I/ 57,466 143,373 19 33 56 55 28 15 0 0 27 8 Latvia 65 503 1 9 46 70 0 57 57 21 43 23 Lebanon 1,806 5,036 31 33 17 64 16 l l 55 10 29 78 Lithuania 56 1,541 0 16 49 72 n 22 35 is 65 60 Maldives 95 160 54 52 95 96 61 65 32 25 6 10 Malta 603 1,034 21 31 21 31 32 11 68 24 0 65 Mexico 112,259 149,690 32 38 73 75 19 15 12 6 69 80 Oman 2.855 3,602 29 .. 82 71 7 8 14 17 79 75 Papua New Guinea 3,789 2,273 97 56 g8 9I 25 39 12 20 63 41 Paraguay 1,632 2,053 26 21 85 75 50 58 32 34 18 S Poland 48,495 39,890 59 29 89 90 3 6 73 68 24 26 Romania 3,240 10,442 13 33 45 85 55 32 27 21 is 46 Russian Federation 78,356 125,645 19 26 82 85 1 5 16 54 83 41 Samoa l 18 156 78 so l 00 95 93 931 6 7 l 0 Seychelles 164 149 39 28 80 88 35 41 40 40 25 19 Solomon Islands 94 135 36 37 98 98 68 56 22 in 10 34 South Africa .. 25,222 .. 20 .. 55 .. 0 .. 0 .. 100 Sri Lanka 6,457 7,638 68 51 89 88 37 43 52 49 12 8 St. Kitts and Nevis 51 62 30 24 92 97 46 60 46 35 9 5 St. Lucia 96 152 21 26 92 78 65 71 34 29 l 0 Swaziland 222 368 21 25 97 57 52 63 46 37 2 0 Tonga 44 61 30 32 98 98 57 69 43 19 0 12 Trinidad and Tobago 2,453 2,162 46 39 so 73 11 37 28 12 62 51 Ukraine 551 10,901 1 22 83 68 13 20 8 39 79 41 Uzbekistan 60 2,761 0 1 1 100 7 7 0 10 100 45 0 45 VaDuatu 40 48 23 21 98 81 68 76 29 24 3 1 Yugoslavia, FR (Serbia, Mont.) 16,483 15,107 . .. 92 72 17 11 25 26 59 63 XI! de%eloping countries 1.6.35.1161 '-ll1,.hl1 37 .S 79 7m _18 It, 3S 'S 47 _ : Note: Individual country data are shown for Debtor Reporting Systemn countries only. Data for Bosnia and Herzegovina are not shown separately. Totals include estimate's for couintries not part of the DRS. A country is classified aS severely inidebted if for 1997 the ratio of the present value of total debt serv ice due to average GNP irn 1995-97 is higher than 80 percent or the ratio of the present value of total debt service due to average exports in 1995-97 is higher than 220 percent. A countrv is classified as moderately inidebted if for 1997 the ratio of the present value of total debt service due to average GNP in 1995-97 is less than SO percent but higher than 48 percent or the ratio of the present value of total debt service due to average exports in 1995-97 is less than 220 percent but higher than 132 percent. I/ High-income countrv, included in totaLs. Summary tables 14 ALL DEVELOPING COUNTRIES (US$ mnillion, uinless otherwise indicated) Preliminary, 1970 1980 199] 1992 1993 1994 1995 1996 1997 1998 TOTAL DEBT STOCKS (EDT) 609,530 1.561,277 1,635,061 1,799,025 1,993,606 2,162,559 2,238,353 2,316,601 2,465,072 Long-term debt (LDOD) 61,173 451,629 1,243,273 1,285,657 1,416,430 1,579,694 1,674,015 1,726,170 1,782,800 1,957,452 Public and publicly guaranteed 45,796 381,058 1,163,682 1,185,170 1,288,435 1,392_494 1,454,229 1,443,719 1,420,061 1,637,077 Private nonguaranteed 15,377 70,571 79,591 100,487 127,995 187,200 219,786 282,451 362,739 320,375 Use of IMF credit 756 12,246 38,129 38,264 39,885 44,144 61,101 60,106 70,798 95,459 Short-term debt 145,655 279,875 311,140 342,709 369,768 427,444 452,078 463,003 412,161 of which interest arrears on LDOD 2,474 53,680 47,313 46:044 43J103 43,796 39,073 32,144 33,145 Official creditors 2,027 16,811 17,983 20,329 23,048 25,574 25,294 23,579 Private creditors 447 36,869 29,330 25,715 20,056 18,222 13,778 8,566 Memo: principal arrears on LDOD 2,507 63,802 76,926 81,568 93,001 108,005 103,862 83,666 87,868 Official creditors 1,245 30,486 34,861 39,340 48,872 59,884 61,442 59,418 Private creditors 1,262 33,317 42,065 42,228 44,129 48,121 42,420 24,247 Memo: export credits 7,728 327,260 337,047 352,620 384,238 374,411 363,604 363,724 TOTAL DEBT FLOWS Disbursements 13,252 113,669 139,138 161,447 183,087 189,526 238,441 277,211 329,494 274,701 Long-term debt 12,920 107.653 129,475 154,390 176,087 181,125 210,527 268,552 306,297 245,007 IMF purchases 332 6,016 9,663 7,057 7,001 8,401 27,914 8,659 23,197 29,694 Principal repayments 6,743 44,479 90,132 98,661 107,478 120,516 140,502 172,607 196,153 170,774 Long-term debt 6.001 42.478 83,619 92,756 102,141 11 I3,693 129,413 164,980 187,609 162,101 IMF repurchases 743 2.002 6,513 5,905 5,338 6,823 11,090 7,627 8,544 8,673 Net flows on debt 15,846 111,033 71,066 100,418 114,619 110,365 159,088 135,765 154,489 108,875 of which short-term debt 41,843 22,059 37,632 39,010 41.356 61,149 31,162 21,148 4,948 Interest payments (INT) 48,864 72,278 68,51t1 68,715 78,650 101,429 106,764 109,084 125,335 Long-term debt 2,357 32,792 54,738 53,942 52,332 61,177 77.737 81.664 84,750 94,317 tMF charges 0 471 2,494 2,442 2,346 1,807 2,791 2,310 2,207 2,750 Short-term debt 15.601 15.046 12,128 14,037 15,665 20,902 22,789 22,126 28,268 Net transfers on debt 62,169 -1,212 31,907 45,904 31,716 57,659 29,002 45,405 -16,460 Total debt service (TDS) .. 93,343 162,409 167,172 176,193 199,166 241,932 279,371 305,236 296,109 Long-term debt 8,357 75.269 138,357 146,697 154,473 174,871 207,150 246,645 272,359 256.418 IMF repurchases and charges 743 2,473 9,007 8,347 7,684 8,630 13,880 9,938 10,751 11,423 Short-term debt (interest only) .. 15.601 15,046 12,128 14,037 15,665 20.902 22,789 22,126 28,268 2. (,GEG.ITE NE. I' RESOLIR( E F'LO%%S A-VN) NET FR%NSFE RS L-ONG-TERNI; NET RESOURCE FLOWS 11,305 82,807 123,070 152,288 220,239 223,570 254,922 308,086 338,047 274,997 Net flow of long-term debt (ex. IMF, 6,919 65,175 45,856 61,635 73,946 67A432 81,114 103,572 118,688 82,906 Foreign direct investment (net) 2,218 4.426 34.356 46,100 67,010 88,542 105,402 126,414 163,423 154,996 Portfolio equitv flows 0 0 7,552 14,057 51,016 35,161 36,057 49,170 30,191 14,116 Grants (excluding technical coop.) 2,167 13,206 35,305 30,496 28,268 32,435 32,349 28,930 25,746 22.980 Memo: technical coop. grants 1,742 6,330 15,863 18,046 18.621 17.281 20,551 19,352 17,041 16,098 official net resource flows 5,588 34.943 62.552 54,028 53,256 45,501 53,440 32,213 39,094 47,907 private net resource flows 5,717 47.865 60,517 98,260 166,983 178,069 201,482 275,873 298,954 227,090 NET TRANSFERS 2,478 26,263 50,024 77,436 144,995 137,463 150,647 195,996 221,896 145,404 Interest on long-term debt 2.357 32,792 54,738 53,942 52,332 61,177 77,737 81,664 84,750 94,317 Profit remittances on FDI 6,471 23,753 18,308 20,910 22,913 24,930 26,538 30,425 31,401 35,277 Memo: official net transfers 4,720 28,816 41,112 31,681 29,517 19,819 22,815 1,203 10,269 19,326 private net transfers -2,242 .2,553 8,912 45.755 115.477 117,644 127,832 194,794 211,627 126,078 3. NIA.I(R ECONOMICI AG_GRECG.A1ES Gross national product (GNP) 1,124,607 2,900,937 4,383,071 4,474,037 4,680,513 4,986,106 5,657,076 6,258,620 6,635,434 6,600,909 Exports of goods & services (XGS) 91,467 714,811 954,962 1,005,414 1,075,785 1,236,706 1,515,361 1,678,064 1,796,164 1,685,538 of which workers' remittances 1,232 18,200 27,086 31,138 31,157 35,044 41,557 45,915 51.683 52,757 Imports of goods & services (MGS) 99.843 705,526 1.042,254 1,103,635 1,218,118 1,337,494 1,636,052 1,790,665 1,904,485 1,817,294 International reserves (RES) 3 1,424 232,858 289,096 303,108 371,244 433.899 543,037 624,215 650,601 699,141 Current account balance .6.100 17,649 -80,329 -82,481 -121,084 -75,785 -101,823 -93,883 .84,264 .92,882 4. DEBT F\DlC.ATORS EDT /XGS (% . 85.3 163.5 162.6 167.2 161.2 142.7 133.4 129.0 146.2 EDT! GNP (% . 21.0 35.6 36.5 38.4 40.0 38.2 35.8 34.9 37.3 TDS : XGS (%) .. 13.1 17.0 16.6 16.4 16.1 16.0 16.6 17.0 17.6 INT ,/ XGS (%) .. 6.8 7.6 6.8 6.4 6.4 6.7 6.4 6.1 7.4 INT / GNP (%) .. 1.7 1.6 1.5 1.5 1.6 1.8 1.7 1.6 1.9 RES /EDT (%) .. 38.2 18.5 18.5 20.6 21.8 25.1 27.9 28.1 28.4 RES /MGS (months) 3.8 4.0 3.3 3.3 3.7 3.9 4.0 4.2 4.1 4.6 Short-term/ 'EDT (14) .. 23.9 17.9 19.0 19.0 18.5 19.8 20.2 20.0 16.7 Concessional /EDT (I4) .. 18.2 21.4 21.7 22.6 21.9 20.2 19.2 17.2 17.0 Multilateral / EDT (14) .. 8.0 14.4 14.1 13.8 13.8 13.4 12.8 12.5 12.9 15 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) Preliminary 1970 1980- 1991 1992 1993 1994 1995 1996 1997 1998 5. L.ONG- [-ERMN DEBI' DEBT OUTSTANDING (LDOD) 61,173 451,629 1,243,273 1,285,657 1,416,430 1,579,694 1,674,015 1,726,170 1,782,800 1,957,452 Public and publicly guaranteed 45,796 381,058 1,163,682 1,185,170 1.288,435 1,392,494 1,454,229 1,443,719 1,420,061 1,637,077 Official creditors 32,286 178,206 653,499 676,680 760,814 834,877 866,788 834,314 794,391 837,557 Multilateral 7,330 48,862 224,878 231,311 248,597 274,469 290,199 286,491 289,721 317,570 Concessional 2,072 18,293 75,904 80,693 87,639 99,261 106,862 111,260 113,774 123,788 Bilateral 24,956 129,344 428,621 445,369 512,217 560,409 576,590 547,823 504,670 519,987 Concessional 21,434 92,436 257,985 273,673 318,776 336,814 330,150 318,538 284,540 294,111 Private creditors 13,510 202,852 510,182 508,490 527,621 557,617 587,440 609,404 625,670 799,520 Bonds 1,805 13,103 116,316 128,100 167,364 242,243 261,584 289,427 298,162 334,971 Commercial banks 3,649 127,406 250,999 239,520 220,024 173,152 186,872 192,456 223,665 355,380 Other private 8,056 62,344 142,867 140,871 140,232 142,221 138,984 127,522 103,844 109,169 Private nonguaranteed 15,377 70,571 79,591 100,487 127,995 187,200 219,786 282,451 362,739 320,375 Bonds ..0 3,704 12,233 31,800 56,874 61,557 85,031 107,068 109,583 Commercial banks .. 70,571 75,887 88,254 96,195 130,327 158,229 197,420 255,672 210,792 Memo-. IBRD 4,391 22,155 100,104 97,945 102,691 110,108 113,869 107,161 106,036 112,458 IDA 1,832 11,889 49,755 53,607 58.310 66.505 71,631 75,219 77,473 83,817 DISBURSEMENTS 12,920 107,653 129,475 154,390 176,087 181,125 210,527 268,552 306,297 245,007 Public and publicly guaranteed 8,763 86,199 110,030 117,654 127,116 120,443 142,022 164,302 177,890 183,873 Official creditors 4.923 28,954 54,259 51,805 54.000 49,752 66,122 56,439 64,661 69,679 Multilateral 1,205 9,360 28,075 27,656 31,365 29,219 32,262 33,979 40,850 41,632 Concessional 256 2,880 7,523 7,863 7,800 9,170 8,768 9,961 9,217 9,007 Bilateral 3,717 19,593 26,184 24,149 22.635 20,533 33,860 22,460 23,811 28,047 Concessional 2,949 11,096 14,342 12,010 12,299 12,675 14,253 11,784 10,274 10,072 Private creditors 3,840 57,246 55,771 65,850 73,116 70,691 75,901 107,863 113,229 114,194 Bonds 146 1,698 10,127 11,062 27,092 23,565 26,538 51,047 57,227 54,799 Commercial banks 1,313 34,000 17.244 2 1,905 17,790 22,852 28,461 36,027 37,062 39,555 Other private 2.381 21,549 28,400 32,883 28,234 24,274 20,901 20,789 18,940 19,840 Private nonguaranteed 4,158 21,454 19,445 36,736 48,971 60,682 68,505 104,250 128,406 61,134 Bonds ..0 2.853 8,728 19,856 24,174 19,124 32,623 35,544 15,765 Commercial banks .. 21,454 16,592 28,008 29,115 36,508 49,381 71,627 92,863 45,369 Memo: IBRD 679 4,477 12,034 10.429 13,142 11,581 13,237 13,358 t 7,660 17,524 IDA 174 1,587 4,604 5,143 4,862 6,065 5,474 6,314 5,933 5,466 PRINCIPAL REPAYMENTS 6,001 42,478 83,619 92,756 102,141 113,693 129,413 164,980 187,609 162,101 Public and publicly guaranteed 3,546 30,727 73,236 77,880 75,892 84,367 98,329 121,439 130,549 109,345 Official creditors 1,501 7,217 27,011 28,273 29,012 36,686 45,031 53,155 51,314 44,752 Multilateral 385 1,665 14,084 15,630 16,445 19,175 21,327 20,995 19,765 20,297 Concessional 30 104 1,164 1,333 1,254 1,401 1,579 1,758 1,806 2,070 Bilateral 1,116 5,552 12,928 12,643 12,566 17,511 23,704 32,161 31,548 24,455 Concessional 615 2,518 5,013 5,016 5,643 7,119 9,134 8,834 10,292 7,261 Private creditors 2,045 23.5 10 46,225 49,607 46,881 47,682 53,299 68,283 79,235 64,593 Bonds 143 514 2,198 8,571 9,611 8,001 13,724 23,099 37,979 27,114 Commercial banks 675 13,761 18,658 18,866 17,675 19,090 19,674 27,401 24,964 20,360 Other private 1,227 9,235 25,369 22.170 19,595 20,591 19,901 17,784 16,292 17,119 Private nonguaranteed 2,454 11,751 10,383 14,876 26,248 29,326 31,084 43,542 57,060 52,756 Bonds ..0 0 165 289 2,997 5,332 7,034 12,199 13,249 Commercial banks .. 11,751 10,383 14,711 25,959 26,330 25,752 36,508 44,860 39,507 Memo: IBRD 249 1,063 9,429 10,314 10,384 11.887 12,134 11,998 10,933 10,752 IDA 0 31 308 346 397 458 546 593 649 912 NET FLOWS ON DEBT 6,919 65,175 45,856 61,635 73,946 67,432 81,114 103,572 118,688 82,906 Public and publicly guaranteed 5,216 55,473 36,794 39,775 51,224 36,075 43,693 42,864 47,341 74,528 Official creditors 3,421 21,737 27,248 23,531 24,988 13,066 21,091 3.283 13,348 24,927 Multilateral 820 7,695 13.992 12,025 14,920 10,044 10,936 12,984 21,085 21,335 Concessional 226 2,775 6,360 6,530 6,546 7,768 7,188 8,203 7,411 6,937 Bilateral 2,601 14,042 13,256 11,506 10.068 3,022 10,156 -9,700 -7,737 3,592 Conicessional 2,334 8,578 9,330 6,994 6,656 5,556 5,119 2,950 -18 2,811 Private creditors 1,795 33,736 9,547 16,243 26,235 23,009 22,602 39,580 33.994 49,601 Bonds 3 1,184 7,929 2,491 17,481 15,565 12,814 27,948 19,248 27,685 Commercial banks 638 20,238 -1,414 3,040 115 3,762 8,788 8.627 12,098 19,195 Other private 1,154 12,313 3,031 10,713 8,639 3,683 1,000 3,006 2,648 2,721 Private nonguaranteed 1,70-3 9,703 9,062 21,860 22,722 31,356 37,421 60,709 71,346 8,378 Bonds 0 2,853 8,563 19,567 21,178 13,792 25,589 23,344 2,516 Commnercial baniks .. 9,703 6,209 13,297 3,156 10,178 23,629 35,119 48,002 5,862 Memo: IBRD 430 3,415 2,606 115 2,759 -307 1,103 1,360 6,727 6,772 IDA 174 1,556 4,297 4,798 4,465 5,607 4,928 5,721 5,284 4,554 16 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 2,357 32,792 54,738 53,942 52,332 61,177 77,737 81,664 84,750 94,317 Public and publicly guaranteed 1,599 25,763 49,120 47,935 45,389 51,698 64,498 65,733 64,767 67,254 Official creditors 868 6,126 21,441 22.347 23,739 25,682 30,625 31,010 28,825 28,581 Multilateral 309 2,551 12,294 12,391 12,958 13,569 13,968 13,748 12,866 13,930 Concessional 20 167 743 788 831 925 1.010 1,068 1,090 1,004 Bilateral 560 3,575 9,147 9,956 10,782 12,114 16,657 17,262 15,959 14,651 Concessional 389 1,837 4,103 5.055 5,662 5,834 6,415 6,326 5,874 5,963 Private creditors 730 19,637 27,679 25,589 21,650 26,015 33,873 34,722 35,942 38,673 Bonds 97 950 7,751 7,584 8,551 11,642 17,274 16,959 19,293 19,883 Commercial banks 252 14,426 12,478 11,825 7,677 7,449 9,350 10,946 10,553 13,687 Other private 381 4,261 7,450 6,180 5,422 6,925 7,250 6,817 6,096 5,103 Private nonguaranteed 758 7,029 5,618 6,007 6,943 9,480 13,239 15,932 19,983 27,063 Bonds 0 74 285 1,047 2,923 4,439 5,464 7,431 9,177 Commercial banks 7,029 5,544 5,722 5,896 6,557 8,801 10,468 12,552 17,886 Memo: IBRD 2-44 1,814 7,939 7,782 8,005 8,002 8,139 7,807 6,893 7,556 IDA 12 79 349 372 395 433 504 512 531 624 NET TRANSFERS ON DEBT 4,563 32,384 -8,881 7,693 21,614 6,254 3,378 21,908 33,937 -11,411 Public and publicly guaranteed 3,618 29,710 -12,325 -8,161 5,835 -15,622 -20,805 -22,869 -17,426 7,274 Official creditors 2,553 15,611 5,807 1,185 1,249 -12,616 -9,534 -27,727 -15,477 -3,654 Multilateral 511 5,144 1,698 -365 1,962 -3,525 -3,033 -764 8,219 7,405 Concessional 206 2,608 5,617 5,743 5,715 6,843 6,179 7,136 6,321 5,933 Bilateral 2,042 10,467 4, 109 1,550 -713 -9,091 -6,501 -26,963 -23,696 -11,059 Concessional 1,945 6,741 5,227 1,939 995 -278 -1,296 -3,376 -5,892 -3,152 Private creditors 1,065 14,099 -18,132 -9,346 4,586 -3,006 -11,271 4,858 -1,949 10,928 Bonds -95 234 179 -5,093 8,930 3,923 -4,460 10,989 -46 7,802 Commercial banks 386 5,813 -13,892 -8,785 -7,562 -3,687 -562 -2,320 1,545 5,508 Other private 773 8,052 -4,419 4,533 3,218 -3,242 -6,249 -3,812 -3,448 -2,382 Private nonguaranteed 945 2,674 3,444 15,853 15,779 21,876 24,182 44,777 51,363 -18,685 Bonds 0 2,780 8,278 18,519 18,255 9,354 20,126 15,913 -6,661 Commercial banks 2,674 664 7,576 -2,740 3,621 14,828 24,651 35,450 -12.024 Memo: IBRD 187 1.600 -5,333 -7,667 -5,246 -8,309 -7,036 -6,448 -166 -784 IDA 161 1,476 3,948 4,425 4,070 5,174 4,424 5,209 4,753 3,930 DEBT SERVICE (LTDS) 8,357 75,269 138,357 146,697 154,473 174,871 207,150 246,645 272,359 256,418 Public and publicly guaranteed 5,145 56,490 122,356 125,815 121,281 136,065 162,827 187,171 195,316 176,599 Official creditors 2.370 13,343 48,452 50,620 52,751 62,368 75,656 84,166 80,138 73,333 Multilateral 694 4_216 26,378 28,021 29,403 32,744 35,295 34,743 32,631 34,227 Concessional 49 271 1,906 2,121 2,086 2,326 2,589 2,826 2,896 3,074 Bilateral 1,676 9,127 22,075 22,599 23,348 29,624 40,360 49,423 47,507 39,106 Concessional 1,004 4,355 9,115 10,071 11,305 12,954 15,549 15,160 16,166 13,224 Private creditors 2,775 43,147 73.904 75,195 68,530 73,697 87,171 103,005 115,178 103,266 Bonds 241 1,463 9,948 16.155 18,163 19,642 30,998 40,058 57,273 46,997 Commercial banks 927 28,187 31,136 30.691 25,352 26,538 29,023 38,347 35,517 34,047 Other private 1,608 13,496 32,819 28,350 25,016 27,516 27,150 24,601 22,388 22,222 Private nonguaranteed 3,212 18,780 16,001 20,882 33,192 38,806 44,323 59,473 77,043 79,819 Bonds ..0 74 450 1,337 5,919 9,770 12,498 19,631 22,426 Commercial banks .. 18,780 15.927 20,433 31,855 32,887 34,553 46.976 57,413 57,393 Memo: IBRD 492 2,877 17,368 18,095 18,388 19,889 20,273 19,806 17,826 18,308 IDA 12 110 656 718 793 891 1,050 1,105 1,180 1,536 UNDISBURSED DEBT 17,051 141,660 233,706 240,286 252,682 256,428 256,735 241,665 219,351 - Official creditors 13,192 90,920 178,429 184,172 189,775 199,943 202,869 187,695 173,036 Private creditors 3.859 50,739 55,277 56,114 62,907 56,485 53,866 53,970 46,314 Memorandum items Concessional LDOD 23,506 110,729 333,888 354,366 406,415 436,075 437,012 429,798 398,314 417,899 Variable rate LDOD 16,160 191,475 472,084 495,008 556,045 636,826 706,417 763,418 851,763 Public sector LDOD 43,528 340,712 1,092,286 1,109,550 1,214,897 1,316,575 1,371,088 1,356,149 1,331,260 Private sector LDOD 17,648 84,369 89,289 111,623 136,548 197,591 237,154 304,309 379,729 6. CURRE NCYN ( ONIPOSLTlON OF LA)NG-TERM DEBT iPER( ENT1- Deutsche mark 8.6 6.6 9.0 8.6 7.6 7.7 8.1 8.1 7.3 French franc 5.2 5.5 5.7 5.3 4.5 4.5 4.6 4.4 3.7 Japanese yen 2.3 6.9 11.4 11.6 12.1 12.8 12.3 11.2 10.0 Pound sterling 11.2 3.4 2.2 1.7 1.6 1.4 1.3 1.3 1.3 Swiss franc 1.1 1.6 1.7 1.3 1.2 1.0 1.0 0.8 0.6 U.S. dollars 47.1 49.8 39.9 41.2 44.7 45.0 45.9 48.6 54.2 Multiple currency 11.6 10.9 14.8 15.1 14.4 14.3 14.0 13.2 11.9 Special drawing rights 0.0 0.0 0.3 0.2 0.2 0.3 0.3 0.3 0.3 All other currencies 13.0 8.4 9.8 9.4 8.6 8.3 8.1 7.8 5.9 17 ALL DEVELOPING COUNTRIES (US$ million, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 7. DEBT RES URLIC I t; RINGS Total amount rescheduled .. 3,325 45,900 58,780 64,376 91,305 31,549 32,433 48,851 Debt stock rescheduled .. 1 14,787 26,943 23,796 54,025 6,897 6,896 1,607 Principal rescheduled .. 393 19,730 15,199 18,014 15,677 15,298 16,301 35,480 Official . 137 12,579 8,738 6,789 4,481 6,908 6,386 6,956 Private .. 257 7,150 6,461 11,225 11,196 8,391 9,915 28,524 Interest rescheduled .. 71 10,791 13,840 16.013 16.597 5.217 7,451 8,981 Official .. 38 8,664 4,427 3,785 3,330 2,265 2,136 2,471 Private .. 33 2,127 9,413 12,228 13,267 2,952 5,315 6,510 Principal forgiven .. 280 6,174 2,377 2,494 7,692 2,304 5,931 3,158 Memo: interest forgiven .. 0 631 298 306 698 1,001 1,875 625 Debt stock reduction .. 0 5,479 16,482 6,708 13,298 4,315 9,892 19,577 of which debt buyback .. 0 896 7,607 606 1,709 162 3,665 10,411 8. DEBT S-1OCK-FI_O%% RECONCILIATION Total change in debt stocks .. 120,569 88,495 73,784 163,964 194,582 168,953 75,794 78,248 Net flows on debt .. 111,033 71,066 100,418 114,619 110,365 159,088 135,765 154,489 Net change in interest arrears .. 621 959 -6,367 -1,269 -2,941 692 -4,723 -6,929 Interest capitalized .. 71 10,791 13,840 16,013 16,597 5,217 7,451 8,981 Debt forgiveness or reduction .. -280 -10,757 -11,252 -8,596 -19,281 -6,457 -12,159 -12,324 Cross-currency valuation .. -2,652 6,955 -23,881 2,766 62,022 12,270 -56,539 -64,047 Residual .. 11,776 9,482 1,026 40,431 27,818 -1,857 5,999 -1,922 4. AVERAGE rER3IS OF NiE1% COMRII INIENTS ALL CREDITORS Interest (%) 5.1 9.2 6.5 6 5.6 5.6 6.2 6.2 6.6 Maturity (years) 21.2 15.8 16.1 15.5 14.6 15.7 13.7 13 13.8 Grace period (years) 6.4 4.8 5 4.7 4.9 5.1 4.6 5.3 6.4 Grant element (%) 34.4 9.3 21.5 22.3 23.7 25.4 21 19.8 18.1 Official creditors Interest (%) 3.7 5.5 5.5 5.3 4.8 4.9 5.8 4.8 5.4 Maturity (years) 28.7 24 20.8 21.1 21.3 22.1 19.2 21.4 20.4 Grace period (years) 8.9 6.3 6.1 6 6 6.3 5.3 6 5.8 Grant element (%) 49 34.1 31.4 32.1 35.5 36.2 28.8 35.5 30.6 Private creditors Interest (%) 7.2 12 7.8 6.8 6.3 6.4 6.6 7 7.2 Maturity (years) 9.8 9.8 10.2 9.9 9.4 9.4 7.6 8.6 10 Grace period (years) 2.6 3.7 3.5 3.5 4.1 3.9 3.7 4.9 6.7 Grant element (%) 12.2 -8.9 9.1 12.5 14.4 14.8 12.2 11.4 10.7 Memorandum items Commitments 11,967 98,297 133,724 135,728 143,503 123,594 150,001 170,198 178,649 Official creditors 7,222 41,538 74,402 67,793 62,795 61,430 78,927 59,518 66,331 Private creditors 4,745 56,759 59,322 67,935 80,708 62,164 71,074 110,680 112,317 Ill. G,RAPH OF AGGRE(; VTE NFT RESOL RCE FLOWS (currentprices, US$ milliont) Aggregate Net Resource Flows Private Flows Official Flows 400000 T 1998 199 350000 T 1997 - 1997 300000- 1996 - 1996 250000 - - I 1995 - - 1995 200000- - 1994 1994 150000 -I _ soooo ~~~~~~~~~~~~~~~~t t 1993 1993 100000- 1992 1992 50000 - + 1' 1991 ------ 1991 0 -- ---- --. _ - . ._. - 1991 1992 1993 1994 1995 1996 1997 1998 0 50000 100000 150000 200000 250000 -20000 -10000 0 10000 20000 30000 40000 i1 Private flows C' Official flows n Private non-debt flows j Private debt flows M Multilateral a Bilateral -t Grants 18 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 I. Ist'I.MARY DEBTr DAI%f TOTAL DEBT STOCKS (EDT) .. 94,080 322,090 357,856 398,696 484,686 559,750 606,969 654,551 697,801 Long-term debt (LDOD) 7,987 66,674 247,452 271,233 297,201 360,422 392,375 420,368 449,729 538,728 Public and publicly guaranteed 5,808 55,620 21.1.380 225,946 247,449 280,211 300,559 303,835 310,412 452,629 Private nonguaranteed 2,179 11,054 36,071 45,288 49,753 80,212 91,816 116,534 139,318 86,099 Use of IMF credit 224 2,234 1,479 1,319 1,430 1,493 1,337 1,175 17,997 31,374 Short-term debt .. 25,172 73,159 85,303 100,065 122,770 166,038 185,426 186,825 127,699 of which interest arrears on LDOD 2 2,236 2,420 2,325 2,702 2,869 3,116 1,789 1,789 Official creditors ..1 1,434 1,807 1,776 2,140 2,292 2,551 1,730 Private creditors ..1 802 613 549 562 577 565 59 Memo: principal arrears on LDOD ..5 4,860 6,442 6,835 9,230 10,877 12,578 9,548 9,548 Official creditors ..1 3,576 5.688 6,272 8,626 10,149 11,857 9,305 Private creditors ..4 1,284 754 563 604 729 721 243 Memo: export Credits .. 330 37,497 45,411 52,066 68,011 75,124 74,882 83,936 TOTAL DEBT FLOWS Disbursements 2,058 17,400 38,866 52,181 54,309 69,307 70,505 93,875 109,925 76,913 Long-term debt 1.993 16,251 38,381 51,957 54,001 69,032 70,302 93,680 92,418 61,555 IMF purchases 66 1,149 484 224 308 275 203 195 17,506 15,358 Principal repayments 834 5,857 21,466 27,880 33,713 34,672 38,596 47,252 46,025 40,424 Long-term debt 816 5,619 20.391 27.551 33,519 34,371 38.206 46,938 45.749 37,478 IMP repurchases 18 238 1,075 329 194 301 390 314 276 2,946 Net flows on debt 3,072 18,320 29,047 36,260 35,453 56,964 75,010 65,764 66,626 30,364 of which short-term debt .. 6,777 11,647 11,959 14,857 22,328 43,101 19,141 2,726 -6,125 Interest payitients (INT) .. 7,677 16,849 16,517 17,643 20,622 27,597 29,567 32,041 37,642 Long-term debt 238 4.636 12,936 13,045 13,867 15,994 19,428 19,883 22,191 25,494 IMF charges 0 77 156 94 127 73 69 41 51 781 Short-term debt .. 2,964 3,757 3.378 3,649 4,556 8,100 9,644 9,799 11,367 Net transfers on debt .. 10,643 12,198 19,744 17,810 36,341 47,413 36,196 34,585 -7,278 Total debt service (TDS) .. 13,534 38,314 44,397 51,356 55,294 66,193 76,820 78,066 78,066 Long-term debt 1,053 10_256 33,327 40,596 47,386 50,364 57,633 66,821 67,940 62,972 IMF repurchases and charges 18 314 1,231 423 321 373 459 355 327 3,727 Short-tenm debt (interest only) .. 2,964 3,757 3,378 3,649 4,556 8.100 9,644 9,799 11.367 2. x(GURFGA-TE NE T RESIL RCE FLOWSA.ND NET TRANSFERS'i LONG-IERNIi NET RESOURCE FLOWS 2,214 13,111 35,326 53,925 82,278 95,090 105,434 127,053 122,594 95,650 Net flow of long-term debt (ex. IMF' 1,177 10,632 17,991 24,406 20,482 34,661 32,097 46,742 46,670 24,077 Foreign direct investment (net) 267 1,318 14,309 22,232 39,060 45,087 51,994 59,814 64,284 61,004 Portfolio equity flows 0 0 1,049 5,102 20,648 12,613 18,274 18,089 9,193 8,406 Grants (excluding technicat coop.) 769 1,160 1,976 2,185 2,089 2,729 3,070 2,408 2,447 2,163 Memno: technical coop. granits 405 1,043 2,756 3,156 3,276 3,173 3,486 3,266 2,932 2,719 official net reSOUrCe flows 1,383 4,194 8,507 8,935 10,076 7,708 11,661 5,517 18,337 18,860 private net resource flows 831 8.916 26.818 44,990 72,203 87,382 93,773 121,536 104,257 76,790 NET TRANSFERS 1,623 3,501 17,056 34,321 61,243 71,178 76,838 96,229 89,342 58,245 Interest on long-term debt 238 4.636 12,936 13.045 13,867 15,994 19.428 19,883 22,191 25,494 Profit remittances on FDI 354 4,973 5,334 6,559 7.168 7,919 9,168 10,941 11,061 11,911 'Memno: official net transfers 1,307 3,115 3,827 3,898 4,265 1,240 4,686 -830 12,001 11,912 private net transfers 316 386 13,229 30,423 56,978 69,938 72,153 97,059 77,341 46,333 3. NI.1.OR LC70NOMNIC AGGREGATE!) Gross national product (GNP) 201,386 455,257 997,959 1,095,514 1,176,813 1,393,930 1,690,470 1,899,999 1,897,593 1,745,787 Exports of goods & services (XGS) 10,625 101,028 286,353 328,352 364.707 450,798 567,634 624,458 689,591 649,594 of which workers' remittances 15 958 1,288 1,337 1,143 1,606 1,803 3,311 6,428 6,473 Imports of goods & services (MGS) 13,875 114,440 302,129 342,591 395,066 471,483 610,312 676,748 691,142 603,367 International reserves (RES) 4,865 33,820 107,888 99,115 120,706 161,685 198,918 245,253 242,888 294,888 Current account balance -2,335 -11,805 -12.864 -10,141 -24,868 -15,236 -37,283 -47,474 3,836 91,100 4. DBEFT INDICA IORS EDT! XGS (% . 93.1 112.5 109.0 109.3 107.5 98.6 97.2 94.9 107.4 EDT /GNP (% . 20.7 32.3 32.7 33.9 34.8 33.1 31.9 34.5 40.0 TDS /XGS (§c . 13.4 13.4 13.5 14.1 12.3 11.7 12.3 11.3 12.0 INT I XGS (% . 7.6 5.9 5.0 4.8 4.6 4.9 4.7 4.6 5.8 INTl GNP (% . 1.7 1.7 1.5 1.5 1.5 1.6 1.6 1.7 2.2 RES IEDT (% . 35.9 33.5 27.7 30.3 33.4 35.5 40.4 37.1 42.3 RIES IMGS (months) 4.2 3.5 4.3 3.5 3.7 4.1 3.9 4.3 4.2 5.9 Short-term / EDT (%o) .. 26.8 22.7 23.8 25.1 25.3 29.7 30.5 28.5 18.3 Concessional / EDT (% . 18.4 25.7 24.0 23.4 21.4 18.8 16.7 12.2 12.2 Multilateral!/ EDT (%) .. 8.3 13.2 12.1 11.9 10.9 10.1 8.9 8.9 10.0 19 EAST ASIA AND PACIFIC (US$ million, unless otherwise indicated) Preliminarv 1970 1980 1991 1992 1993 1994 1995 1996 1997 I1998 ; lA)NG,- FERNI DEBI DEBT OUTSTANDING (LDOD) 7,987 66,674 247,452 271,233 297,201 360,422 392,375 420,368 449,729 538,728 Public and publicly guaranteed 5,808 55,620 211,380 225,946 247,449 280,211 300,559 303,835 310,412 452,629 Official creditors 3,718 27.349 128,649 136,040 150,798 166,922 173,830 165,657 162,615 184,326 Multilateral 497 7,818 42,368 43,195 47,278 52,809 56,464 53,812 58,358 70,072 Concessional 36 1,308 8,548 9,402 10,645 12,289 13,523 14,322 14,798 16,467 Bilateral 3.221 19,531 86,280 92,845 103,520 114.114 117.366 111,845 104,257 114,254 Concessional 2,803 16,002 74,248 76,322 82,783 91,230 91,971 87,067 65,302 68,934 Private creditors 2,090 28,271 82,732 89,906 96,651 113,289 126,729 138,178 147,797 268,303 Bonds 125 1,946 16,330 20,400 25,073 31,374 32,277 34,785 37,953 41,726 Commercial banks 329 13,888 39,065 37,911 39,713 46,179 58,222 62,533 70,301 182,238 Other private 1,635 12,437 27,337 3 1.595 31.866 35,735 36,230 40,861 39,543 44,339 Private nonguaranteed 2,179 11,054 36,071 45,288 49,753 80,212 91,816 116,534 139,318 86,099 Bonds .. 0 2,301 4,210 8,648 25,227 26,074 39,709 51,064 48.277 Commercial banks .. 11,054 33,770 41,078 41,104 54,985 65.741 76,824 88,254 37,822 Memo: IBRD 444 4,952 25,021 24,502 26.267 28,397 30,075 28,079 29,699 32,708 IDA 33 961 5,961 6,669 7,571 8,767 9,774 10,545 10,983 12,167 DISBURSEMENTS 1,993 16,251 38,381 51,957 54,001 69,032 70,302 93,680 92,418 61,555 Public and publicly guaranteed 1,197 12,789 26,069 36,050 39,608 41,786 40,953 47,799 55,768 53,960 Official creditors 700 3.958 11,944 13,451 15,007 13,907 17,882 14,041 25,576 25,444 Multilateral 81 1.575 5,274 5.033 6,135 6,242 6,284 6,427 12,218 12.981 Concessional 8 151 1,073 1,148 1,244 1,177 1,336 1,537 1,444 1,387 Bilateral 619 2,383 6,670 8,419 8.872 7.666 11,598 7,615 13,358 12,463 Concessional 546 1,380 4,150 4,399 4,597 5.353 6.061 5,412 4,428 4,462 Private creditors 498 8,831 14,125 22,599 24,601 27,879 23,071 33,758 30,192 28,516 Bonds 0 280 2,355 2,592 7,668 7.699 4,449 7,672 5,822 7.2 17 Commercial banks 114 4.288 5,868 8.653 8,613 11,300 11,280 15,781 14,211 11,781 Other private 384 4,263 5,902 11,353 8,320 8,880 7.342 10,305 10,160 9,518 Private nonguaranteed 796 3,462 12,312 15,907 14,394 27,246 29,349 45,881 36,651 7,595 Bonds ..0 1,637 1,933 4,419 13,729 10,721 18,428 16,039 1,931 Commercial banks .. 3,462 10,675 13,974 9,974 13,517 18,628 27,453 20,612 5,664 Memo: IBRD 64 1,047 2,932 2,655 3,451 3,444 3,312 3,095 6,465 6,967 IDA 5 92 704 904 922 904 934 1,135 1,013 925 PRINCIPAL REPAYMENTS 816 5,619 20,391 27,551 33,519 34,371 38,206 46,938 45,749 37,478 Public and publicly guaranteed 425 3,674 15,177 20,845 24,171 23,033 25,070 30,695 26,450 27,864 Official creditors 86 924 5,413 6.702 7,020 8,927 9,290 10,932 9.686 8,747 Multilateral 22 268 2,598 3,175 3,290 4,284 3.601 5,100 3,787 3,173 Concessional 0 7 94 104 132 147 131 142 138 165 Bilateral 64 656 2,815 3,527 3.730 4,644 5,690 5.832 5,900 5,574 Concessional 39 340 1,682 2.131 2,162 2,895 3,488 3.827 3,330 2,705 Private creditors 339 2.750 9,763 14,143 17,152 14,106 15,780 19,763 16,764 19,117 Bonds 32 41 734 1,689 3,534 2,539 2,812 3.991 2,214 4,187 Commercial banks 40 795 5,034 6,565 7,630 5,763 6,416 10,730 9,743 9.002 Other private 268 1,914 3,995 5,890 5,988 5,804 6,551 5,042 4,807 5,928 Private nonguaranteed 391 1,945 5,214 6,706 9,348 11,338 13,135 16,243 19,299 9,614 Bonds .. 0 0 0 0 1,000 1,410 2, 176 3,634 4,718 Comnmercial banks .. 1,945 5,214 6,706 9,348 10,336 11,725 14,067 15,666 4,896 Memo: IBRD 22 184 1,883 2,492 2,208 3,137 2,612 2,957 2,617 2,118 IDA 0 2 25 30 35 47 54 61 64 72 NET FLOWS ON DEBT 1,177 10,632 17,991 24,406 20,482 34,661 32,097 46,742 46,670 24,077 Public and publicly guaranteed 772 9,115 10,893 15,206 15,436 18,753 15,883 17,104 29,318 26,096 Official creditors 614 3,034 6,531 6.750 7,987 4,980 8,592 3,109 15,890 16,697 Multilateral 59 1,307 2,676 1,858 2,845 1,958 2,683 1,327 8,431 9.808 Concessional 8 144 979 1,045 1,112 1,030 1,204 1,395 1,306 1,222 Bilateral 555 1,727 3,855 4,892 5,142 3.022 5,908 1,782 7,458 6,889 Concessional 508 1,040 2,468 2,268 2,435 2,458 2,573 1,585 1,098 1,757 Private creditors 158 6,081 4,362 8,456 7,449 13,774 7,291 13_995 13,429 9,399 Bonds -32 238 1,621 903 4,135 5,160 1,637 3,681 3,608 3.030 Commercial banks 74 3,493 834 2,089 983 5,537 4,863 5,051 4,468 2,779 Other private 116 2,350 1,906 5.464 2,332 3,076 791 5,263 5,353 3,590 Private nonguaranteed 405 1,517 7,098 9,201 5,046 15,908 16,214 29,638 17,352 -2,019 Bonds .. 0 1,637 1.933 4,419 12,729 9,311 16,252 12,405 -2,787 Commercial banks .. 1,517 5,461 7,268 627 3,179 6,903 13,386 4,946 768 Memo: IBRD 42 862 1,049 163 1,243 307 700 138 3,848 4,849 IDA 5 89 679 874 888 857 880 1,073 949 853 20 EAST ASIA AND PACIFIC (US$ millioni, untless otherwise inidicated, Preliminai-y 1970 1Q80 1991 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 238 4,636 12,936 13,045 13,867 15,994 19,428 19,883 22,191 25,494 Public and publicly guaranteed 164 3,417 10,363 10,487 11,030 12,226 14,298 13,707 14,300 16,060 Official creditors 76 1,079 4,680 5,036 5.811 6,469 6~976 6,347 6,336 6,948 Multilateral 2 6 548 2,621 2,737 2.871 3.089 3,271 3.024 2,782 3,635 Concessional 0 12 74 88 100 110 126 132 129 74 Bilateral 50 531 2,059 2,299 2,940 3,380 3,704 3,323 3.554 3,313 Concessional 40 295 1,480 1,588 1,942 2,108 2,327 2,012 1,868 1,896 Private creditors 88 2,338 5,683 5.451 5,219 5,757 7,322 7,360 7,964 9,112 Bonds 9 103 1038 1,084 1,274 1,494 1,881 1,856 2,251 2,456 Commercial banks 1 2 1,340 2,800 2,234 2,144 2,014 3,080 3,170 3,196 4,226 Other private 66 895 1,845 2,133 1,801 2,249 2,361 2,335 2.517 2,430 Private nonguaranteed 73 1,219 2,573 2,558 2,837 3,768 5,130 6,176 7,891 9,434 Bonds .. 0 42 94 188 912 1,770 2,347 3,395 4,366 Commercial banks .. 1,219 2.531 2,464 2,650 2,857 3.360 3,829 4,496 5.068 Memo: IBRD 25 406 1,879 1,911 1.945 2.075 2,168 2,033 1.866 2,410 IDA 0 7 39 46 49 60 70 73 76 79 NET TRANSFERS ON DEBT 939 5,996 5,055 11,361 6,615 18,668 12,669 26,859 24,479 -1,417 Public and publicly guaranteed 608 5,698 530 4,718 4,407 6,528 1,585 3,397 15,019 10,036 Official creditors 538 1,955 1.85 1 1,713 2,177 -1,489 1,616 -3.238 9.554 9.749 Multilateral 33 759 55 -880 -26 -1,131 -588 -1,698 5,649 6,173 Cooicessional 8 132 905 957 1,013 920 1.078 1,263 1.177 1,148 Bilateral 505 1,196 1,796 2,593 2,202 -358 2,204 -1,540 3,905 3,576 Concessional 468 746 988 680 493 350 246 -427 -770 -139 Private creditors 70 3.743 -1,321 3.005 2.230 8.017 -30 6,635 5,464 287 Bonds -41 135 583 -181 2,861 3,666 -244 1,825 1,357 574 Commercial banks 61 2,153 -1.966 -145 -1,161 3.523 1,784 1,881 1,272 -1,447 Other private 50 1,454 62 3,331 530 828 -1,570 2.929 2,836 1,160 Private nonguaranteed 332 298 4,525 6,643 2,209 12,140 11,084 23,462 9,460 -11,453 Bonds .1) 1,595 1.839 4,232 11,817 7.541 13,905 9,010 -7,153 Commnercial banks .. 298 2,930 4.804 -2.023 323 3.543 9,558 450 -4,300 Memo: IBRD 17 457 -830 -1.747 -702 -1,768 -1.469 -1,895 1,982 -2.439 IDA 5 82 640 828 839 797 811 1,000 873 774 DEBT SERVICE (LTDS) 1.053 10,256 33,327 40,596 47,386 50,364 57,633 66,821 67,940 62,972 Public and publicly guaranteed 589 7,091 25,540 31.332 35,201 35,259 39,368 44,402 40,749 43,924 Official creditors 162 ',003 10,094 11,738 12,830 15,396 16,266 17,279 16,022 15,695 Multilateral 48 816 5,219 5,912 6,161 7,373 6,872 8,124 6,569 6,808 Concessional 0 20 168 192 231 257 258 274 268 239 Bilateral 114 1.187 4,874 5,826 6,670 8,024 9,394 9,155 9.453 8,887 Conicessional 78 634 3,163 3,7119 4,104 5,003 5,815 5,839 5,197 4,601 Private creditors 427 5.088 15,446 19,594 22.371 19,862 23,101 27,123 24,728 28,229 Bonds 41 144 1,772 2773 4,808 4,033 4,693 5.847 4,465 6,643 Commercial banks 53 2,135 7,834 8,799 9,774 7.777 9,496 13,899 12,939 13,228 Other private 334 2,809 5.840 8,022 7,789 8,052 8 912 7,377 7,324 8,358 Private nonguaranteed 464 3,165 7,787 9,264 12,185 15,106 18,266 22,419 27,190 19,048 Bonds ..0 42 94 188 1,912 3,180 4,524 7,029 9,084 Commercial banks .. 3,165 7,745 9,170 11,997 13,194 15,085 17,895 20,162 9,964 Memo: IBRD 47 590 3,762 4,403 4.153 5,212 4,780 4,990 4,483 4.528 IDA 0 10 65 76 83 107 124 135 140 151 UNDISBUIRSED DEBT 2,096 29,816 47,344 48,306 59,586 65,344 69,543 67,595 62,298 Official creditors 1.481 21.001 38,101 38,678 44,228 5I.184 54,854 52,112 48,983 Private creditors 615 8,815 9,243 9,629 15,358 14, 160 14,688 15,482 13,314 Memorandum items Concessional LDOD 2.839 17,310 82,796 85,724 93,428 103,519 105,494 101,390 80,100 85,401 Variable rate LDOD 2.205 25,278 93,990 101L060 108,565 149,406 176,057 206,575 245,886 Public sector LDOD 4,788 46,1)77 202,451 215,118 236,455 266,894 280,178 279,219 287,256 Private sector LDOD 3,199 17,240 40,332 50,387 54,078 87,224 105,913 135,050 153,427 6. I. ti RRE NC' ( t)NIP(- )sl nO OF LON(,.1 [E RM DE.BT' iPERt ENs FI Deutsche mark 7.1 5.0 3.5 3.0 2.4 2. 7 2.5 2.1 1.8 French franc 2.6 3.2 2) 1 1.9 1.6 1.5 1.5 1.3 1.1 Japanese yen 7.3 18.0 29.3 28.2 29.1 29.7 26.4 22.6 20.1 Pound sterling 4.7 1.7 0.9 0.6 0.6 0.5 0.4 0.5 0.5 Swiss franc 0.8 1.0 0.7 0.6 0.6 0.6 0.5 0.3 0.2 U.S. dollars 50.4 40.8 25.8 30.1 32.1 34.3 40.0 46.4 57.8 Multiple currency 8.0 16.6 21.1 19.9 19.4 18.1 17.1 15.5 13.1 Special drawing rights 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Afllother currencies 19.1 7.6 14.2 13.0 11.4 10.2 9.4 9.0 3.1 21 EAST ASIA AND PACIFIC (US$ million, unless otlerwise indicated) -.. 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 7. DEBF REV91 RU1: IRINGS Total amount rescheduled .. 0 3,691 4,699 934 0 329 179 747 Debt stock rescheduled 0 1,262 2,255 69 0 0 0 0 Principal rescheduled 0 2,236 860 531 0 170 115 410 Official . 0 1,668 490 272 0 156 115 15 Private .. 0 568 370 259 0 14 0 395 Interest rescheduled .. 0 156 340 204 0 104 4 305 Official .. 0 115 193 112 0 104 4 2 Private .. 0 41 148 92 0 0 0 303 Principal forgiven .. 45 113 7 30 0 44 9 1 Memo: interest forgiven .. 0 5 4 20 0 7 0 0 Debt stock reduction .. 0 245 2,259 0 0 0 0 249 of which debt buyback .. 0 94 1,175 0 0 0 0 31 S. DF BT SI' FIWK-FL(l10 RE( ONChI IATION Total change in debt stocks .. 19,216 36,029 35.766 40,840 85,990 75,064 47,219 47,582 Net flows on debt .. 18,320 29,047 36,260 35.453 56,964 75,010 65,764 66,626 Net change in interest arrears .. 1 347 184 -96 378 167 247 -1,327 Interest capitalized .. 0 156 340 204 0 104 4 305 Debt forgiveness or reduction .. -45 -264 -1,091 -30 0 -44 -9 -219 Cross-currency valuation .. 565 5,552 -2,630 9,830 19,136 -1,357 -18,002 -17,529 Residual .. 376 1,191 2,702 -4,521 9,513 1,184 -783 -275 9. A ERAGF FERNIS O-tF NE%% CONMIThIENlS ALL CREDITORS Interest (%) 5 9.8 6.2 6.1 5.3 5.4 5.9 6.1 6.2 Maturity (years) 22.9 16.1 18 16.7 15.2 16.8 15.5 14.5 14.3 Grace period (years) 6.3 4.8 5.2 4.4 4.6 5.2 4.9 5 4.9 Grant element (%) 35.4 6.6 24.6 22.1 25.1 27.1 23.5 21.3 20.4 Official creditors Interest (%) 4.1 6 5.3 5.3 4.8 4.8 5.3 4.7 5.8 Maturity (years) 28.5 22.6 23.1 21.7 21.6 22.7 21.9 23.6 18.8 Grace period (years) 7.4 6.9 6.7 6 5.9 6.4 5.6 6.2 5.7 Grant element (%) 45.6 29.2 34.6 32.3 36 36.9 32.6 38.4 26.9 Private creditors Interest (%) 6.8 13.1 7.2 6.7 5.7 5.9 6.4 6.7 6.4 Maturity (years) 12.2 10.3 12.3 13.2 11.2 12.5 9.5 10.7 10.8 Grace period (years) 4.4 2.9 3.6 3.3 3.7 4.4 4.2 4.5 4.2 Grant element (%) 15.8 -13.8 13 14.8 18.1 20 14.9 13.9 15.3 Memorandum items Commitments 1,729 19,472 28,519 36,991 50,479 46,382 47,809 51,167 60,484 Official creditors 1,138 9,239 15,309 15,401 19,736 19,303 23,295 15,405 26,439 Private creditors 591 10,232 13,209 21,590 30,743 27,079 24,514 35,762 34,045 lII. GKRAPH OF AGGREGAl E NET RESOUlR( F FLOWs b (current prices, USS million) Aggregate Net Resource Flows Private Flows Official Flows 140000 T 1998 1998 F27z t7z 120000 - + 1997 1997_ , 19_ 1996, 1996 80000 - 1995 1995 60000 1994 .. ,,yV wi 1994 40000 - 1993 . -.-- 1993 - 1992 .-- 1992 20000 - 1991 - - 1991 1991 1992 1993 1994 1995 1996 1997 1998 0 20000 40000 60000 80000 100000 0 2000 4000 6000 8000 10000 12000 5 Private flows Official flows Z Private non-debt flows G Private debt flows n Multilateral r Bilateral = Grants 22 EUROPE AND CENTRAL ASIA (US$ million, uinless otherwise indicated) Preliminary 1970 1980 1 991 -1992 1993 1994 1995 1996 1997 1998 1. SL. NI-NIARY DET ri) x TOTAL DEBT STOCKS (EDT) .. 75,503 239,666 253,792 309,460 326,504 352,842 372,708 390,579 435,372 Long-term debt (LDOD) 3,990 56,283 194,949 204,596 258,099 277,027 289,457 297,036 309,821 343,296 Public and publicly guaranteed 3.094 44.743 188,281 195.855 245.~995 262,404 270,429 269,570 268,905 296,848 Private nonguaranteed 896 11,540 6,668 8,741 12,104 14,624 19,028 27.466 40,916 46,448 Use of IMF credit 74 2,143 4,956 6,456 8,449 11,725 16,942 20,052 21,195 28,399 Short-term debt 17,077 39,761 42,740 42,912 37,752 46,443 55,620 59,563 63,677 of which interest arrears on LDOD . 312 11,805 9,309 7,057 7,079 8,377 9,855 5,400 6,435 Official creditors .. 13 3,673 2,454 1,065 1,872 2,328 2,522 2,679 Private creditors .. 299 8,132 6.855 5,991 5,207 6,049 7,333 2,721 - iMemo: principal arrears on LDOD .. 56 7,212 15,389 16,386 20.671 30,542 32,937 14,654 18,952 Official creditors .. 21 4,555 3,647 2,643 4,439 8,203 8,218 8,416 Private creditors .. 35 2,657 11,743 13.743 16,232 22,339 24,719 6,239 Memo: export credits .. 10 77,915 79.847 85,387 88,348 91,941 90,437 91,353 TOTAL DEBT FLOWS Disbursements 1,082 21,013 30,180 30,493 30,665 25,925 35,989 46,219 53,890 52,747 Long-termn debt 1,007 19,775 26,463 28,134 28,377 21,339 27,835 41,001 50,518 45,232 IMF purchases 75 1,238 3,717 2.359 2,288 4,586 8,155 5,217 3,372 7,515 Principal repayments 585 7,133 20,631 13,160 11,980 18,663 22,756 23,220 24,549 24,956 Long-term debt 513 6,804 20.401 12,535 11,760 16,771 19,709 21,700 23,604 23,459 IMF repurchases 72 329 231 626 219 1,893 3,047 1,520 945 1,497 Net flows on debt 1,486 22,056 9,254 22,807 23,841 2,279 21,428 30,697 37,739 34,661 of which short-term debt .. 8,175 -295 5,474 5,156 -4,983 8.195 7,698 8,398 6,870 Interest payments (INT) 5,401 12,088 9,177 9,005 10,094 14,586 16,066 17,066 20,645 Long-term debt 150 3.411 9,523 7,404 7,065 8.055 11,929 12,965 13,901 16,008 IMF charges 0 103 254 376 416 500 711 783 909 961 Short-termn debt .. 1,887 2,311 1.396 1,5 24 1,539 1,946 2,318 2,256 3,676 Net transfers on debt 16,655 -2,835 13,630 14,836 -7,814 6,843 14,631 20,673 14,016 Total debt service (TDS) -. 12,534 32,720 22,337 20,985 28,757 37,342 39,285 41,615 45,601 Long-term debt 663 10.214 29,924 19.939 18,825 24,826 31,638 34,665 37,505 39,467 IMF repurchases and charges 72 432 485 t,002 636 2,392 3,758 2.302 1,854 2,458 Short-term debt (interest only) *. 1,887 2,311 1,396 1,524 1,539 1,946 2.318 2,256 3,676 2. A(,RE.*1 \T I rUf REsO)l RCE FLOW% ' kN r NF`I-FRAVNSFERS iLONG-'I ERNIi NET RESOURCE FLOWS 650 13,317 17,312 28,012 32,144 22,580 37,010 50,190 59,052 48,580 Net flow of long-teem debt (ex. IMF, 494 12,971 6,062 15,599 16,617 4,569 8.126 19,302 26,914 21,773 Foreign direct investmnent (net) 70 55 3,455 4,605 6,391 7,099 16,960 16,050 22,314 20,946 Portfolio equity flows 0 0 0 65 984 2,200 2,729 8,345 4,808 2,532 GrantS (excluding technical coop.) 86 291 7,795 7,743 8,153 8,712 9,196 6,493 5,017 3,329 Memo: technical coop. grants 38 125 1,073 2.125 2,809 2.780 4,658 4,095 2,849 2,273 official net resource flows 376 3,418 13,113 10,829 11,671 11,799 10,681 12,237 9,178 4,904 private net resource flows 274 9.899 4,199 17,183 20,474 10,780 26.329 37,953 49,875 43,676 NET TRANSFERS 459 9,831 7,493 19,950 24,256 13,628 24,128 35,949 44,028 30,764 Interest on tong-term debt 150 3,411 9.523 7,404 7.065 8,055 11,929 12,965 13,901 16,008 Profit remittances on FDI 41 76 296 658 823 896 953 1,275 1,124 1,808 Memo: official net transfer~ 301 2,648 10,777 8,322 9,106 8,938 5,911 6,951 3,359 -758 private net transfers 159 7,183 -3,284 11.629 15,150 4,690 18,216 28,999 40,669 31,522 Gross national product (GNP) 567,953 804,359 1,121,044 1.002,856 964,132 841,280 959,654 1,074,030 1,155,563 1,213,341 Exports of goods & services (XGS) 31.651 168,423 200,306 183,850 211,711 240,124 306,106 342,848 361,734 343,647 of which workers' remittances 290 2,093 2,835 3,161 3,546 3,864 5,134 5,839 6,2168 6,362 Imports of goods & services (MGS) 29,735 162,351 205.652 191,790 234,890 241,015 319,119 364,323 391,934 373,513 International reserves (RES) 12,328 21.872 27,921t 29,480 41,743 49,778 91,054 94,189 100,330 100,830 Current account balance 1.696 2,144 -6,454 -5,831 -17,286 7,227 -2,883 -8,951 -19,587 -25,000 -4. DB1):W INDJIC.% FORS EDT /XGS (%/) .. 44.8 119.6 138.0 146.2 136.0 115.3 108.7 108.0 126.7 EDT /GNP (% . 9.4 21.4 25.3 32.1 38.8 36.8 34.7 33.8 35.9 TDS /XGS (% . 7.4 16.3 12.1 9.9 12.0 12.2 11.5 11.5 13.3 INT /XGS (%) .. 3.2 6.0 5.0 4.3 4.2 4.8 4.7 4.7 6.0 INT /GNP (%) .. 0.7 1.1 0.9 0.9 1.2 1.5 1.5 1.5 1.7 RES /EDT (%) .. 29.0 11.6 11.6 13.5 15.2 25.8 25.3 25.7 23.2 RES! MGS (months) 5.0 1.6 1.6 1.8 2.1 2.5 3.4 3.1 3.1 3.2 Short-termn/ EDT (%) .. 22.6 16.6 16.8 13.9 11.6 13.2 14.9 15.2 14.6 Concessional / EDT (% . 9.1 5.6 9.0 17.9 16.5 12.7 12.6 11.6 10.9 Multilateral / EDT (%) .. 5.8 7.8 7.6 6.7 7.2 7.4 7.3 7.6 7.3 23 EUROPE AND CENTRAL ASIA (US$ million, uniless otherwise indicated) Preliminarv 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 S. I-)NC-TERNI1 DEBI DEBT OUTSTANDING (LDOD) 3,990 56,283 194,949 204,596 258,099 277,027 289,457 297,036 309,821 343,296 Public and publicly guaranteed 3,094 44,743 188,281 195,855 245,995 262,404 270,429 269,570 268,905 296,848 Official creditors 2,672 18,463 75,939 76,341 126,452 138,993 138,994 140,726 134.739 140,430 Multilateral 639 4,369 18,642 19,300 20,876 23,609 26,265 27,327 29,664 31,719 Concessional 113 248 1,223 1,094 1,257 1,415 1,825 2.026 2,1334 3,002 Bilateral 2,033 14,094 57,298 57,041 105,576 115,384 112,729 113,399 105,095 108,711 Concessional 1,746 6,591 12,185 21,621 54,118 52,569 42,946 45,004 42,790 44,573 Private creditors 422 26,280 112,342 119,514 119,543 123,411 131,435 128,844 134,146 156,418 Bonds 41 200 14,047 17,251 25,107 42.948 46,931 45,887 47,350 64,747 Commercial banks 10 16,728 63,521 61,888 56,914 44,556 48,792 51,844 68,423 71,620 Other private 371 9,352 34,774 40,375 37,521 35,907 35,712 31I114 18,373 20,051 Private nonguaranteed 896 11,540 6,668 8,741 12,104 14,624 19,028 27,466 40,916 46,448 Bonlds 0 16 66 50 149 188 851 3,622 6,089 Commercial banks .. 11,540 6,652 8,675 12,054 14,474 18,840 26,615 37,294 40,359 Memo: IBRD 302 3,323 10,836 10,945 11,764 14,078 16,057 16,798 19,187 20,691 IDA 83 189 153 150 192 310 669 1,117 1,483 1,979 DISBURSEMENTS 1,007 19,775 26,463 28,134 28,377 21,339 27,835 41,001 50,518 45,232 Public and publicly guaranteed 540 16,477 25,377 24,791 23,656 17,510 21,237 29,218 30,735 36,288 Official creditors 480 4,775 8,670 6,239 6,426 6,363 6,504 11,540 9,341 8,151 Multilateral 163 1,025 3,094 3,225 4,298 3,609 4,401 5,639 6,803 4,937 Concessional 7 12 296 4 158 174 439 525 597 640 Bilateral 317 3,750 5,576 3,014 2.128 2,754 2,103 5,900 2,538 3,214 Concessional 271 1,646 1,120 579 671 803 1.029 1,109 931 800 Private creditors 61 11,702 16,707 18,552 17,230 11,147 14,733 17,678 21,394 28,137 Bonds 0 80 2,068 4,585 8,531 4,152 5,781 6,376 9,468 18.856 Commercial banks 0 5.064 3.295 4,326 2,372 3.054 5,220 7.725 8.696 5,400 Other private 61 6,559 11.344 9,642 6,327 3,941 3,732 3,577 3,231 3,881 Private nonguaranteed 466 3,298 1,086 3,343 4,721 3,830 6,597 11,784 19,783 8,944 Bonds ..0 0 50 0 99 36 671 2,894 2,467 Commercial banks .. 3,298 1,086 3,293 4,721 3,730 6.562 11,113 16.889 6,477 Memo: IBRD 55 833 1,561 1,433 1,709 2,619 2,696 3.326 4,677 3,244 IDA 7 0 0 2 49 117 370 477 433 451 PRINCIPAL REPAYMENTS 513 6,804 20,401 12,535 11,760 16,771 19,709 21,700 23,604 23,459 Public and publicly guaranteed 305 4,762 18,732 10,915 10,518 14,302 16,814 18,170 17,269 19,589 Official creditors 190 1,648 3,352 3,153 2,908 3.276 5,019 5,796 5.181 6.576 Multilateral 81 155 1.486 1,752 1,830 2,070 3,050 3,052 2,417 3.704 Concessional 22 2 10 75 28 46 66 198 141 48 Bilateral 108 1,493 1,866 1.401 1,078 1,206 1.970 2.743 2.763 2,872 Concessional 47 478 764 538 552 495 517 523 692 587 Private creditors 116 3,115 15,380 7.761 7,611 11,027 11,795 12,374 12,088 13,013 Bonds 2 15 159 949 722 1,564 3,791 4,647 3,618 6,402 Commercial banks 2 1.367 7.505 4.119 4.220 5.951 4.237 4.688 5.570 3.829 Other private 112 1,734 7,716 2,694 2,669 3,512 3,767 3,038 2,901 2,782 Private nonguaranteed 208 2,041 1,669 1,620 1,242 2,468 2,895 3,530 6,335 3,870 Bonds ..0 0 0 16 0 0 0 86 0 Commercial banks .. 2,041 1,669 1L620 1,226 2,468 2,895 3,530 6,250 3,870 Memo: IBRD 13 133 1,218 1,006 943 1,129 1,191 1,605 1,186 2,277 IDA 0 1 4 5 6 6 6 6 6 6 NET FLOWS ON DEBT 494 12,971 6,062 15,599 161,617 4,569 8,126 19,302 26,914 21,773 Public and publicly guaranteed 235 11,715 6,645 13,876 13,137 3,208 4,423 11,048 13,466 16,699 Official creditnrs 290 3,127 5,318 3.085 3_S 18 3,087 1,485 5,744 4,161 1,575 Multilateral 82 870 1,608 1,473 2,468 1,539 1,352 2,587 4,386 1.233 Concessional -15 1 1 285 -71 131 128 373 327 457 592 Bilateral 208 2,257 3,710 1,612 1,051 1,548 134 3,157 -225 342 Concessional 224 1,169 357 41 119 308 512 586 239 213 Private creditors -55 8,588 1,327 10,791 9,619 120 2,938 5,304 9,306 15,124 Bonds -2 65 1,910 3,636 7,810 2,589 1,989 1,729 5,850 12,454 Commercial banks -2 3,697 -4,210 207 -1,849 -2,897 983 3,036 3,126 1,571 Other private -51 4,825 3,628 6,948 3,658 429 -34 539 330 1,099 Private nonguaranteed 259 1,257 -583 1,723 3,479 1,361 3,703 8,254 13,448 5,074 Bonds ..0 0 50 -16 99 36 671 2,808 2,467 Commercial banks .. 1,257 -583 1.673 3,495 1,262 3.667 7,583 10.639 2,607 Memo: IBRD 42 700 342 427 766 1,490 1,505 1,722 3,490 967 IDA 7 -1 -4 -3 43 ill 364 471 427 445 24 EUROPE AND CENTRAL ASIA (US$ milliont, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 /998 INTEREST PAYMENTS (LINT) 150 3,411 9,523 7,404 7,065 8,055 11,929 12,965 13,901 16,098 Public and publicly guaranteed 116 2,562 9,141 6,729 6,755 7,573 11,242 12,088 12,825 13,502 Official creditors 76 770 2,336 2.507 2,565 2,861 4.770 5,286 5,819 5,662 Multilateral 25 298 1,236 1,265 1,286 1,453 1,548 1,766 1,624 1,763 Concessional 2 4 40 62 45 53 51 46 37 21 Bilateral 51 472 1,100 1,242 1,279 1,~408 3,222 3.521 4,194 3,899 Concessional 35 153 226 402 650 605 923 1,082 1,129 1,348 Private creditors 41 1,792 6,805 4,222 4,190 4.712 6,473 6,802 7,006 7,840 Bonds 1 36 891 1,195 1,486 2,105 3,301 3.109 3,069 3,167 Commercial banks 1 1,176 4.051 2,477 2,047 1.505 1,905 2,575 3,002 4,120 Other private 38 580 1,864 549 657 1,102 1,266 1,117 935 553 Private nonguaranteed 34 849 382 675 310 483 687 877 1,076 2,506 Bonds ..0 1 2 2 2 13 16 54 230 Commercial banks .. 849 380 673 308 481 674 861 1,022 2,276 Memo: IBRD 16 257 825 744 731 843 939 1.181 1.032 1,179 IDA 1 1 I 1 1 2 3 5 8 11 NET TRANSFERS ON DEBT 344 9,561 -3,461 8,195 9,552 -3,486 -3,803 6,336 13,013 5,765 Public and publicly guaranteed 119 9,153 -2,496 7,148 6,382 -4,365 -6,819 -1,040 642 3,197 Official creditors 214 2.357 2,982 579 953 226 -3,284 458 -1,658 -4,087 Multilateral 57 572 372 208 1,182 86 -196 821 2,761 -530 Concessional -17 7 245 -133 86 75 322 282 419 571 Bilateral 157 1,784 2,610 370 -229 141 -3.089 -364 -4,419 -3,557 Concessional 189 1,015 130 -361 -532 -297 -410 -496 -890 -1,135 Private creditors -95 6,796 -5,478 6,569 5,429 -4,591 -3,535 -1,498 2,300 7,284 Bonds -4 30 1,019 2,441 6.323 484 -1,312 -1.380 2,78 1 9,287 Commercial banks -3 2, 522 -8.261 -2,271 -3,896 -4,402 -922 461 124 -2,549 Other private -89 4,245 1,764 6,399 3,001 -674 -1,301 -579 -605 546 Private nonguaranteed 225 408 -965 1,048 3,169 879 3,016 7,376 12,372 2,568 Bonds ..0 -1 48 -18 98 23 655 2,755 2.237 Commercial banks .. 408 -964 1,000 3,188 781 2,993 6,722 9,617 331 Memo: IBRD 26 443 -483 -318 35 646 566 541 2,459 -212 IDA 7 -2 -6 -4 42 110 361 466 419 434 DEBT SERVICE (LTDS) 663 10.214 29,924 19,939 18,825 24,826 31,638 34,665 37,505 39,467 Public and publicly guaranteed 421 7,325 27,873 17,643 17,273 21,875 28,056 30,258 30,093 33,091 Official creditors 266 2,418 5,688 5,660 5,473 6.137 9.789 11,082 10.999 12.238 Multldateral 106 453 2,722 3,017 3,116 3,523 4,597 4,818 4.042 5,467 Conce,ssional 25 6 50 137 73 99 117 243 178 69 Bilateral 160 1,966 2,966 2,644 2,357 2,613 5,192 6,264 6,958 6,771 Concessional 82 631 990 940 1.202 1,101 1.439 1.605 1,821 1,935 Private creditors 156 4,906 22.185 11,983 11,801 15,738 18,268 19,176 19,094 20.853 Bonds 4 50 1,049 2,144 2.208 3.668 7.092 7,757 6.687 9,569 Commercial banks 3 2.542 11,556 6,597 6_267 7,456 6.142 7,264 8,572 7.949 Other private 150 2.314 9,580 3.243 3.326 4,614 5,033 4.156 3,836 3,335 Private nonguaranteed 241 2,890 2,051 2,296 1,552 2,951 3,582 4,407 7,411 6,376 Bonds ..0 1 2 18s 13 16 139 230 Commercial banks .. 2,890 2,049 2,294 1,533 2,949 3,569 4,391 7,272 6.146 Memo: IBRD 29 390 2.043 1.751 1,674 1,973 2.130 2.785 2,218 3.456 IDA 1 3 6 6 7 8 9 1 1 14 17 UINDISBURSED DEBT 1,842 13,687 24,350 29,162 30,413 30,396 32,766 33,118 28,068 Official creditors 1,619 6,192 14,538 17,542 18,315 19,302 21,024 21,804 19,942 Private creditors 222 7,496 9,812 11,620 12.098 11,093 11.742 11,314 8,127 Memorandum items Concessional LDOD 1.859 6.839 13,407 ~22715 55,375 53,984 44.771 47.030 45,124 47.575 Variable rate LDOD 952 25.866 105.405 113_'17 135,502 135.855 144,580 151,315 178,421 Public sector LDOD 2,868 43.879 186.334 193,755 244,465 260,754 268,197 266,699 265.945 Private sector LDOD 1,122 12,379 7,762 10.059 13,154 15,693 20.837 29,534 43.049 6. L IIRREN c%moi o C(~PfO\ (rLOt)N-FrERMl DEBT iPER(- ENDr Deutsche mark 15.9 11.1 26.8 26.7 21.0 20.7 22.3 22.8 20.2 French franc 2.7 9,3 4.9 4.8 3.3 3.1 3.3 3.4 2.6 Japanese yen 0.1 2.4 8.4 8.7 8.6 9.2 9.6 9.3 7.3 Pound sterling 5.5 2.7 1.5 1.2 1.2 0.9 0.8 0.9 0.7 Swiss franc 1.4 4.6 5.4 4.0 3.1 2.0 2.1 1.8 0.8 U.S. dollars 44.3 41.9 30.9 33.4 44.5 45.3 42.6 44.4 53.9 Multiple currency 15.2 21.6 9.7 9.4 8.0 9.1 9.8 9.9 8.6 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 14.9 6.4 11.8 11.4 10.1 9.6 9.2 7.3 5.5 25 EUROPE AND CENTRAL ASIA (US$ million, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 7. DF Bl- RESTRUCTL RINI t-S Total amount rescheduled .. 1,757 9,404 28,506 28,061 22,520 11,306 10,408 36,108 Debt stock rescheduled .. 0 29 22,488 2,259 6,903 225 1,735 1,235 Principal rescheduled .. 20 4,718 3,489 13,085 6,394 7,461 6,288 29,192 Official . 17 4,271 2,927 3,708 495 4,029 2,988 3,877 Private 3 447 562 9,377 5,898 3,432 3,300 25,315 Interest rescheduled .. 8 4,661 2,529 6,380 5,709 1,381 1,151 5,356 Official .. 7 4,557 1,894 2,341 762 777 525 587 Private .. 1 104 635 4,039 4,947 604 626 4,769 Principal forgiven .. 0 7 1.001 664 3,800 3 584 56 Memo: interest forgiven .. 0 0 0 0 0 0 15 3 Debt stock reduction .. 0 554 1,092 1,674 7,680 146 17 1,819 of which debt buyback .. 0 327 0 0 1,379 30 0 0 S. II ErSltOCK-F L(O% REtON(CILIATION Total change in debt stocks .. 25,167 18,637 14,126 55,668 17,045 26,338 19,865 17,871 Net flows on debt .. 22,056 9,254 22,807 23,841 2,279 21,428 30,697 37,739 Net change in interest arrears 255 -1,237 -2,495 -2,253 23 1,297 1,479 -4,455 Interest capitalized .. 8 4,661 2,529 6,380 5,709 1,381 1,151 5,356 Debt forgiveness or reduction .. 0 -235 -2,093 -2,338 -10,101 -119 -601 -1,875 Cross-currency valuation .. -842 -487 -7,306 -5.933 11,456 7,271 -12,571 -15,346 Residual .. 3,692 6,682 684 35,970 7,679 -4,921 -289 -3,548 9. AN LR_%GE TERNIS OF NEW (ON1M1ITN1ENTS ALL CREDITORS InteTest (%) 4.2 10.3 7.4 6.7 6 6.7 6.3 6.6 6.9 Maturity (years) 19.3 12.4 11.1 8.8 9.9 11.9 11.6 11.1 10 Grace period (years) 6.7 4.3 4.1 3.4 4.8 4.7 4.9 4.1 4.8 Grant element (%) 37 1.7 11.3 12.1 16.9 16.1 18 16.1 14.5 Official creditors Interest (14) 3.9 7.6 6.4 6.2 5.3 6.3 5.7 5.4 5.6 Maturity (years) 20.2 16.7 11.9 11.6 15 15.4 16.6 14.9 17.2 Grace period (years) 7.2 5.2 4.6 4.3 4.9 4.9 5.1 5 5.3 Grant element (%) 39.9 18.7 17.2 16.7 25.5 21.1 25.9 25.8 27.8 Private creditors Interest (%) 6.3 11.2 8.1 7 6.3 7 6.7 7.5 7.5 Maturity (years) 13.4 10.9 10.4 7.3 7.6 9 8.3 8 6.4 Grace period (years) 3.6 4 3.7 3 4.8 4.6 4.7 3.5 4.6 Grant element (14) 18.2 -4.4 6.9 9.8 13 12 12.9 8.1 8 Memorandum items Commitments 766 12,611 33,176 31,283 28.306 18,623 23,547 33,454 29,970 Official creditors 662 3,336 14,239 10,271 8,751 8,468 9,286 15,169 9,805 Private creditors 105 9,275 18,937 21,012 19,555 10,154 14,261 18,285 20,165 111. GRXPII OF CG(;REGA.TE NET REiOL'RCE FLOWS (currenr prices, USS million) Aggregate Net Resource Flows Private Flows Official Flows 70000 - 1998 1998 - 60000- t 1997 _ _ 1997 50000 - 1996 1996 40000 - 1995 . = - - 1995 30000 - 1994 1994 20000 1993 - , F 1993 - 1992 --- - -- 1992 10000- - 1991 - 1991 - - 0-_______~~ ~ ~ ____ _ _ _ _ _ _ _ - -_ _ _ _ _ 1991 1992 1993 1994 1995 1996 1997 1998 0 5000 10000 15000 20000 25000 30000 -2000 0 2000 4000 6000 8000 10000 P Private flows c Off ic al flows -Private non-debt flows Private debt flows U Multilateral E Bilateral I Grants 26 LATIN AMERICA AND THE CARIBBEAN (US$ million, unless otherwise indicated) Preliminar-., 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 TOTAL DEBT STOCKS (EDT) .. 257,264 492,423 509,154 554,074 592,649 647,894 669,213 703,669 735,806 Long-term debt (LDOD) 27,633 187,255 388,215 399,764 429,036 460,855 500,761 530,447 558,919 586,120 Public and publicly guaranteed 15,760 144,797 360,162 361,601 371.782 388,591 413,424 413,603 399,951 424,400 Private nonguaranteed 11,873 42,458 28,054 38J 63 57.253 72,265 87,336 116,844 158,967 161,720 Use of IMF credit 128 1,413 17,357 15,140 14,255 13,849 26,719 23,892 18,564 22,573 Short-termn debt .. 68,597 86,850 94,250 110,783 117,945 120,414 114,874 126,187 127,113 of which interest arrears on LDOD .. 60 26,969 20,920 18,019 12,702 9,538 3,219 4,250 4,251 Official creditors .. 16 2,935 2.615 3,129 2,998 2,810 1,523 1,465 Private creditors .. 44 24,033 18,305 14,890 9,704 6,728 1,696 2,786 Memo: principal arrears on LDOD 606 24,313 24,099 20,679 20,381 16,530 8,058 12,490 12,490 Official creditors .. 78 6,949 5,865 5.564 6,570 6,056 3,324 3,188 Private creditors .. 528 17,364 18,234 15,115 13,811 10,474 4,734 9,302 Memo: export credits 554 82,718 88,583 91,912 95,784 79,129 73,855 66,516 TOTAL DEBT FLOWS Disbursements 6,492 44,781 28,096 37,850 58,747 52,333 92,042 101,929 127,904 102,019 Long-term debt 6.368 44,367 25,674 36,069 56,076 51,167 76,270 100,474 127,127 96,808 IMF purchases 124 415 2,421 1,781 2,671 1,166 15,772 1,455 777 5,211 Principal repayments 3,735 21,699 21,542 30,129 37,444 36,752 44,217 67,533 90,017 77,573 Long-termn debt 3,436 21,206 18,128 26,762 33,891 34,310 41,323 64,105 85,309 75,430 IMF repurchases 298 492 3,414 3,367 3,553 2,442 2.894 3,428 4,708 2,143 Net flows on debt 7,545 46,072 14,768 21,169 41,371 28,060 53,458 35,174 48,169 25,370 of which short-term debt .. 22,989 8,214 13,448 20.069 12,479 5,633 778 t0,282 924 Interest paymnents (INTl . 24,600 24,095 23,027 24,344 28,751 37,512 39,429 40,626 45,417 Long-term debt 1,393 17,566 18,361 18,433 18,400 22,170 29,762 31,179 33,834 36,992 IMF charges 0 95 1,420 1,307 1,241 723 1,107 1,106 928 721 Short-term debt .. 6,939 4,315 3,287 4,702 5,858 6,643 7,144 5,864 7,704 Net transfers on debt .. 21,472 -9,328 -1,857 17,027 -691 15,946 -4,256 7,543 -20,047 Total debt service (TDS) .. 46,299 45,637 53,156 61,788 65,503 81,729 106,962 130,643 122,990 Long-term debt 4,829 38,773 36,488 45,195 52,291 56,479 71,085 95,284 119,143 112,422 IMF repurchases and charges 298 588 4,834 4.674 4,794 3,165 4,001 4,535 5,636 2,864 Short-term debt (interest only) .. 6,939 4,315 3,287 4,702 5,858 6,643 7,144 5,864 7,704 2. AGGREGAT E NET RESOLt:R U IL(O%$S kND) NE I TRRANSFERS iLONG-TERMI NET RESOURCE FLOWS 4,193 29,899 30,804 34,761 66,560 61,086 76,574 95,815 115,987 83,201 Net flow of long-term debt (ex. IMP, 2,932 23,160 7,547 9,307 22,185 16,857 34,947 36,369 41,818 21,378 Foreign direct investment (net) 1,091 6,148 12,838 14.607 14,281 28,425 30,652 42,347 61,573 57,899 Portfolio equity flows 0 0 6,228 8,229 27,185 13.160 7,643 13,893 9,947 1,552 Grants (excluding technical coop.) 169 591 4,192 2,619 2,909 2.645 3,331 3,206 2,650 2,372 Memo: technical coop. grants 259 777 2,396 2,663 2,786 2,930 3,286 3,229 3,343 2,871 official net resource flows 1,003 5,285 7,617 3,824 5,565 1,301 12,626 -5,109 -2,931 6. 126 private net resource flows 3,189 24,613 23,187 30,938 60,995 59,786 63,948 100,924 118,918 77,075 NET TRANSFERS 771 7,456 5,235 8,856 39,171 29,010 36,230 52,225 68,603 30,693 Interest on long-term debt 1.393 17,566 18.361 18,433 18,400 22.170 29,762 31,179 33.834 36,992 Profit remittances on FDI 2,029 4,876 7,208 7,473 8,989 9,907 10,583 12,411 13,550 15,517 Memo: official net transfers 702 3,307 567 -3,587 -2,369 -6,931 3,138 -14,209 -10,818 -1,292 private net transfers 69 4,149 4,669 12,443 41,541 35,941 33,091 66,434 79,421 31,985 3. NL%AIUR EC(ONOMIC( A(AGRE(;Vr'EN Gross national product (GNP) 171,482 740,323 1.116,148 1,238,847 1,368,972 1,552,791 1,631,850 1,778,846 1,963,084 1,994,493 Exports of goods & services (XGS) 19,056 127.430 188.356 201,450 218,064 253,945 303,775 333,834 368,520 363,361 of which workers' remittances 80 1,206 5,777 7,237 7,366 8.696 10,367 9,855 10,628 10,788 Imnports of goods & services (MGS) 22,711 158,494 210,942 240.703 267,461 308,207 344,138 374,619 437,494 456,306 International reserves (RES) 5,448 57,205 73,343 95,477 116,785 112,640 137,771 162,988 173,123 165,123 CUrrent account balance -3,617 -29,869 -17,783 -34,182 -45,493 -49,812 -35,298 -36,329 -64,966 -86,836 4. DEBTI PNDICATORS EDT! XGS (%) .. 201.9 261.4 252.7 254.1 233.4 213.3 200.5 190.9 202.5 EDT! GNP (% . 34.8 44.1 41.1 40.5 38.2 39.7 37.6 35.8 36.9 TDS /XGS ().. 36.3 24.2 26.4 28.3 25.8 26.9 32.0 35.5 33.8 INT /XGS (%l) . 19.3 12.8 11.4 11.2 11.3 12.3 11.8 11.0 12.5 INT / GNP (%) .. 3.3 2.2 1.9 1.8 1.9 2.3 2.2 2.1 2.3 RES/EDT (%') . 22.2 14.9 18.8 21.1 19.0 21.3 24.4 24.6 22.4 RES /MGS (mnonths) 2.9 4.3 4.2 4.8 5.2 4.4 4.8 5.2 4.7 4.3 Short-term /EDT (%) .. 26.7 17.6 18.5 20.0 19.9 18.6 17.2 17.9 17.3 Concessional / EDT (% . 9.3 10.5 10.5 10.0 9.8 9.2 8.5 8.0 7.8 Multilateral /EDT (%) .. 5.5 12.7 12.1 11.8 11.6 11.2 10.6 10.0 10.5 27 LATIN AMERICA AND THE CARIBBEAN (US$ million, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 S. LONGf-'l ERMl DEBT DEBT OUTSTANDING (LDOD) 27,633 187,255 388,215 399,764 429,036 460,855 500,761 530,447 558,919 586,120 Public and publicly guaranteed 15,760 144,797 360,162 361,601 371,782 388,591 413,424 413,603 399,951 424,400 Official creditors 8,120 44,947 157,992 1641839 170,102 177,201 190,922 171,553 158,121 163,941 Multilateral 2,947 14,126 62.417 61.797 65,246 68,777 72,756 70,670 70,076 77,248 Concessional 305 2,359 6,218 6,517 6,874 7,328 7,920 8,474 9,224 9,890 Bilateral 5,173 30,822 95,575 103,042 104,856 108,424 118,167 100,883 88,044 86,693 Concessional 3,920 21,551 45,256 46.744 48,623 50,639 51,657 48,655 46,965 47,810 Private creditors 7,640 99,850 202,170 196.762 201,681 211,390 222,502 242,050 241,830 260,459 Bonds 1,234 9,599 79,132 81.801 108,889 158,004 172,149 199,557 198,842 212.347 Commercial banks 3,072 77,007 97.443 94,614 75,256 37,548 35,224 29,494 31,096 37,367 Other private 3,334 13,244 25,596 20,347 17,536 15,838 15,129 12,999 11,892 10,745 Private nonguaranteed 11,873 42,458 28,054 38,163 57,253 72,265 87,336 116,844 158,967 161,720 Bonds .. 0 1.387 7,957 22,308 30,295 33,829 40,983 46,404 49,125 Commercial banks .. 42,458 26,667 30,206 34,946 41,970 53,507 75,861 112,563 112.595 Memo: IBRD 2,067 7,706 35,668 33,553 34,558 35,419 36,390 33,989 31,806 34,402 IDA 112 427 1,317 1,475 1,646 1,900 2,186 2,411 2,621 2,939 DISBURSEMENTS 6,368 44,367 2-5,674 36,069 56,076 51,167 76,270 100,474 127,127 96,808 Public and publicly guaranteed 3,608 31,406 20,672 19,982 28,323 25,235 47,648 57,088 60,388 57,699 Official creditors 1,339 6.820 11.573 10,541 12,565 10,091 23,727 12,591 12,370 19,709 Multilateral 582 2,960 7,308 7,207 9,086 6,691 10,010 9,629 10,754 13,120 Concessional 76 492 529 582 603 649 810 915 833 809 Bilateral 757 3,861 4,265 3,334 3,479 3,401 13,717 2,961 1,616 6,589 Concessional 434 1,118 1,344 1,032 1,570 1,213 1,556 1,172 892 1.125 Private creditors 2,270 24,586 9,1199 9,441 15,758 15,143 23,921 44,498 48,018 37,990 Bonds 129 1,219 3,842 3,596 10,877 9,382 14,794 35,410 38,576 26,501 Commercial banks 1,150 19,889 2,863 3,234 3,04 3,828 7,148 7.315 8,049 9,886 Other private 991 3,477 2,394 2.611 1,817 1,934 1,979 1,772 1,393 1,603 Private nonguaranteed 2,760 12,960 5,002 16,087 27,753 25,932 28,622 43,386 66,739 39,109 Bonds .. 0 1,216 6,745 14,642 9,934 7,412 12,129 14.120 11,003 Commercial banks .. 12,960 3.786 9,342 13,111 15,999 21,210 31,257 52,619 28,106 Memo: IBRD 354 1,586 4,067 3,213 4,803 3,052 4,642 4,421 4,392 5,806 IDA 9 60 205 198 167 208 277 304 343 303 PRINCIPAL REPAYMENTS 3,436 21,206 18,128 26,762 33,891 34,310 41,323 64,105 85,309 75,430 Public and publicly guaranteed 1,665 14,246 15,695 21,446 19,572 20,861 28,234 42,981 56,444 39,074 Official creditors 505 2,126 8.148 9.337 9,910 11,436 14,433 20,906 17.95 1 15.955 Multilateral 170 707 5,728 6,262 6,649 7,171 8,335 7,036 6,884 6,922 Concessional 7 36 231 246 244 250 282 251 269 268 Bilateral 336 1,418 2,419 3,075 3,261 4,265 6,098 13.870 1 1.067 9,033 Concessional 119 368 273 279 433 661 938 956 1,106 883 Private creditors 1,160 12,120 7,547 12,109 9,663 9,425 13,801 22,075 38,493 23,119 Bonds 77 401 926 5.438 4,325 3,013 6,491 12,917 31,453 16,148 17rnmerci2l banks 609 9,371 2,942 3,123 1.927 2,162 4,122 6,106 4,616 4,086 Other private 475 2,348 3,680 3,548 3,410 4,250 3,188 3,052 2,424 2,885 Private rnonguaranteed 1,771 6,960 2,433 5,317 14,319 13,449 13,090 21,124 28,865 36,356 Bonds .. 0 0 165 273 1,997 3,922 4,858 8,480 8,282 Commercial banks .. 6,960 2.433 5,152 14,046 11,452 9,168 16,267 20.385 28,074 Memo: IBRD 105 395 3,866 4,285 4,496 4,531 4,984 4,339 3,962 3,644 IDA 0 2 13 9 10 10 21 16 18 22 NET FLOWS ON DEBT 2,932 23,160 7,547 9,307 22,185 16,857 34,947 36,369 41,818 21,378 Public and publicly guaranteed 1,943 17,160 4,977 -1,464 8,751 4,374 19,414 14,108 3,944 18,625 Official creditors 834 4,695 3,425 1,205 2,656 -1,344 9,295 -8,315 -5,581 3,754 Multilateral 412 2,252 1,580 946 2,437 -480 1,675 2,594 3,870 6,198 Concessional 69 457 298 337 359 399 528 664 564 541 Bilateral 422 2,442 1,845 259 219 -865 7,620 -10,909 -9,451 -2,444 Concessional 316 750 1,072 753 1,137 552 618 216 -214 242 Private Creditors 1,110 12,466 1,552 -2,669 6,096 5,718 10,120 22,423 9,525 14.871 Bonds 52 819 2,917 -1,842 6,553 6,369 8,303 22,493 7,124 10,353 Comnmercial banks 541 10,518 -79 II1 1,136 1,666 3,026 1,210 3,433 5,00 Other private 517 1,129 -1,286 -937 -1,593 -2,316 -1,209 -1,280 -1.031 -1,282 Private nonguaranteed 989 6,000 2,570 10,771 13,434 12,483 15,533 22,262 37,874 2,753 Bonds .. 0 1,216 6,580 14,369 7,937 3,491 7,271 5,639 2,721 Commercial banks . 6,000 1,354 4,191 -935 4,546 12,042 14,990 32,234 32 Memo: IBRD 249 1L192 201 -1,072 307 -1,479 -342 82 431 2,162 IDA 9 59 193 189 157 198 257 288 325 281 28 LATIN AMERICA AND THE CARIBBEA-N (US$ million, unless othierwise indicated) Prelimninary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 1,393 17,566 18,361 18,433 18,400 22,170 29,762 31,179 33,834 36,992 P'ublic and publicly guaranteed 765 13,138 16,250 16,187 15,134 18,016 23,614 23,535 23,764 23,292 Official creditors 301 1,978 7,050 7,410 7,934 8,232 9,488 9,100 7,887 7,418 Multilateral 157 1,000 4,814 4,753 5,022 4,790 4,886 4,697 4.504 4,466 Concessional 7 48 135 110 126 135 151 132 140 185 Bilateral 144 979 2,236 2,658 2,912 3,442 4.601 4,403 3,383 2,952 Concessional 75 401 700 805 742 799 713 685 636 695 Private creditors 463 11,159 9,200 8,777 7,200 9,784 14,126 14,435 15,877 15,874 Bonds 72 727 5,458 4,950 5.342 7,552 11,490 10,924 132336 13,288 Commercial banks 227 9,443 2,525 2,869 1,054 1,483 1,694 2,682 1,928 2,033 Other private 164 989 1,217 958 804 749 942 829 614 553 Private nonguaranteed 628 4,429 2,111 2,246 3,266 4,154 6,148 7,644 10,070 13,700 Bonds .. 0 30 189 857 1.988 2,597 2,983 3,690 4,178 Commercial banks .. 4,429 2,080 2,057 2,409 2,166 3,551 4.661 6,380 9,522 Memo: IBRD 114 633 2,847 2,883 3,040 2,654 2.657 2,488 2.175 2,035 IDA 1 3 12 7 9 10 23 17 18 20 NET TRANSFERS ON DEBT 1,539 5,594 -10,814 -9,126 3,785 -5,313 5,185 5,190 7,984 -15,614 Public and publicly guaranteed 1,179 4,023 -11,273 -17,651 -6,383 -13,642 -4,200 -9,427 -19,820 -4,667 Official creditors 532 2,716 -3,625 -6,206 -5,278 -9,576 -193 -17,415 -13.468 -3,664 Multilateral 255 1,253 -3.234 -3,807 -2,585 -5,270 -3,212 -21103 -634 1,732 Concessional 62 408 163 227 233 264 377 532 424 356 Bilateral 278 1,464 -391 -2,399 -2,693 -4,306 3.019 -15.312 -12.834 -5,396 Concessional 241 350 372 -52 395 -247 -95 -469 -850 -453 Private creditors 646 1,307 -7,648 -11,445 -1.105 -4,066 -4,007 7.988 -6,352 -1,003 Bonds -20 02 -2,541 -6,792 1,210 -1,184 -3,188 11,569 -6,212 -2,935 Commercial banks 313 1,075 -2,604 -2.758 82 183 1,332 -1,472 1,505 3,767 Other private 353 140 -2,503 -1,895 -2,397 -3,065 i2 151 -2,109 -1,645 -1,835 Private nonguaranteed 360 1,571 459 8,525 10,168 8,330 9,385 14,617 27,803 -10,947 Bonids .. 0 1,186 6.391 13,513 5,949 894 4,288 1,949 -1,457 Commercial banks .. 1,571 -727 2.134 -3.345 2,381 8,491 10,329 25,854 -9,490 Memo: IBRD 135 559 -2,646 -3,955 -2.733 -4,133 -2.999 -2.406 -1,744 127 IDA 8 55 181 182 148 187 234 271 307 261 DEBT SERVICE (LTDS) 4,829 38,773 36,488 45,195 52,291 56,479 71,085 95,284 119,143 112,422 Public and publicly guaranteed 2,430 27,383 31,945 37,633 34,707 38,877 51,847 66,516 80,208 62,366 Official creditors 806 4.104 15.198 16,747 17,844 19,668 23,920 30.006 25,838 23,373 Multilateral 327 1,707 10,542 11,014 11.671 11,961 13,221 11,733 11,388 11,388 Concessional 14 84 366 355 370 385 432 383 410 453 Bilateral 480 2,397 4,656 5,733 6,173 7,707 10,699 18,273 14.450 11.985 Concessional 193 768 973 1,083 1,176 1,459 1.651 1,641 1,742 1,578 Private creditors 1,623 23,279 16.747 20,886 16,863 19.209 27,927 36,510 54,370 38,993 Bonds 149 1,128 6,384 10,387 9,667 10,565 1 7,981 23,841 44,789 29,436 Comnmercial banks 836 18,815 5,467 5,993 2,982 3,645 5,816 8,788 6,544 6,119 Other private 638 3,337 4,897 4,506 4,214 4,999 4,131 3,881 3,037 3,438 Private nonguaranteed 2,400 11,389 4,543 7,562 17,585 17,603 19,238 28,768 38,935 50.056 Bonds .. 0 30 354 1,130 3,985 6,518 7,841 12,170 12,460 Commercial banks .. 11,389 4,513 7,208 16,455 13,618 12,719 20,927 26,765 37.596 Memo: IBRD 219 1,028 6,713 7,168 7,536 7,185 7.641 6,827 6,137 5.679 IDA 1 5 24 16 19 21 44 33 36 42 UNDISBURSED DEBT 5,040 34,991 49,273 52,453 54,760 58,936 58,206 56,372 54,212 Official creditors 3,225 20.457 35,244 39,941 39.137 43,011 44,089 40,352 39,487 Private credlitors 1,815 14.534 14,029 12,512 15,624 15,925 14,117 16,020 14.725 Memorandum items Concessional LDOD 4,224 23,910 51,474 53,261 55,497 57,967 59,576 57.129 56,189 57,700 Variable rate LDOD 12.501 117,249 197,820 208,939 229 172 242,693 272,838 296,523 322,197 Public sector LDOD 15,266 124,655 327,367 324,794 337,718 355,160 379,623 379,840 366,109 Private sector LDOD 12,370 48,219 31.182 41,568 58.975 74,012 89,257 118,660 160.411 6i. CURRENCY C'OMPOSITION OF- [ONG- I I-RNI lDEB I PFIRCENil'i Dcutsche mark 7.8 5.5 5.7 5.0 4.4 4.4 5.0 5.6 5.3 French franc 2.3 1.8 3.6 3.0 2.5 2.5 2.5 2.1 1.7 Japanese yen 0.1 4.4 6.2 6.1 6.1 6.4 6.9 6.5 5.8 Pound sterling 4.6 1.4 1.5 1.1 0.9 0.9 0.8 0.7 0.9 Swiss franc 1.9 1.2 0.8 0.7 0.5 0.5 0.5 0.4 0.4 U.S. dollars 63.0 63.1 53.3 53.4 56.6 57.4 58.0 59.5 61.2 Multiple currency 16.9 9.4 17.9 19.0 18.0 17.6 16.5 15.2 13.8 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 3.6 3.4 2.8 2.5 2.2 2.2 2.1 2.2 2.7 29 LATIN AMERICA AND THE CARIBBEAN (US$ million, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTiCRILt. RINGS Total amount rescheduled 1,124 11,706 16,610 30,076 46,692 7,922 11,146 2,145 Debt stock rescheduled 1 2,102 141 18,489 36,263 3,350 3,158 370 Principal rescheduled .. 104 6,409 7,131 2,747 1,886 1,066 3,337 793 Official .. 0 3,591 3,271 2,282 1,443 866 1,307 689 Private .. 104 2,817 3860 465 443 200 2,031 104 Interest rescheduled .. 0 3,091 9,398 8,823 8,039 2,505 4,858 943 Official .. 0 2,022 1,469 1,069 584 658 756 509 Private .. 0 1,070 7,929 7,754 7,455 1,846 4,102 434 Principal forgiven .. 28 1,682 229 724 86 626 1,294 330 Memo: interest forgiven .. 0 243 38 8 185 773 1,690 15 Debt stock reduction .. 0 3,771 9,065 4,766 5,158 3,796 8,487 12,697 of which debt buyback .. 0 445 5.098 589 323 102 3,363 10,211 S. DEBTU I OCK-FLOW RE( ONClL[I [ON Total change in debt stocks .. 45,579 17,056 16,731 44,920 38,576 55,245 21,319 34,457 Net flows on debt .. 46,072 14,768 21,169 41,371 28,060 53,458 35,174 48,169 Net change in interest arrears .. -19 1,403 -6,049 -2,902 -5,317 -3,164 -6,319 1,031 Interest capitalized .. 0 3,1)91 9,398 8,823 8,039 2,505 4,858 943 Debt forgiveness or reduction .. -28 -5,008 -4,195 -4,902 -4,921 -4,319 -6,418 -2,815 Cross-currency valuation .. -563 818 -6,024 -194 9,958 3,078 -11,038 -14,000 Residual .. 117 1,984 2.432 2,723 2,756 3,686 5,061 1,128 9. AN FR_iE TERMIS OF NEM CONINI1I'NIENTS ALL CREDITORS Interest (%) 7 11.5 7.3 7.3 6.8 6.6 7.3 7 7.6 Maturity (years) 14.4 11.3 14.8 15 12.1 11.7 9.7 9.6 12.7 Grace period (years) 3.6 4.2 4.7 4.6 4.8 4.3 3.6 5.8 8.7 Grant element (%) 16.6 -5.8 15.5 14.5 15.8 16.2 12.2 12.7 10.7 Official creditors Interest (%) 6 7.8 6.9 7 6.3 6.2 7.5 6 6.8 Maturity (years) 23.4 17 18.4 18.9 17.7 18.5 14.1 19.6 18.3 Grace period (years) S.5 4.5 5.2 5.2 4.8 5.2 4 5.2 4.7 Grant element (%) 27.4 14.6 19.4 18.5 22.3 24.2 15.8 25.9 19.4 Private creditors Interest (%) 7.7 13 8 7.8 7.2 6.9 6.9 7.3 7.8 Maturity (years) 8.9 9 9 7.1 8.4 5.5 4.1 7.1 10.9 Grace period (years) 2.4 4.1 3.9 3.4 4.8 3.4 3 6 10 Grant element (%) 10 -14.2 9.2 6.3 11.5 8.8 7.7 9.5 7.9 Memorandum items Commitments 4,373 33,275 27,720 25,008 30,414 30,568 50,662 58,712 62,230 Official creditors 1,646 9,645 17,079 16,691 12,154 14,605 28,123 11,645 15,108 Private creditors 2,728 23,630 10,640 8,317 18,260 15,963 22,539 47,068 47,123 lIJ. (.GRXPll OF AG(,REG VIE NEI RESO)URCE Fl OWS (current prices, US$ million) Aggregate Net Resource Flows Private Flows Official Flows 140000 - r r 1998 1998 120000- 1997 1997 100000- . . 1 1996 ---- ---- ----- - 80000 - 1995 60000 - 1994 1994 40000 - 1993 1993 _ 1992 1992 20000 --~~ 1991 1991 0._ _ _, - - - - - - -- - -- - -- - i - - - , I I - I 49 1991 1992 1993 1994 1995 1996 1997 1998 0 20000 40000 60000 80000 -15000 -10000 -5000 0 5000 10000 ! Private ilows U Official flows U Private non-debt flows Private debt flows * Multilateral r Bilateral E Grants 30 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 L. sL'MIN%%R~ [DFBI'D% UA TOTAL DEBT STOCKS (EDT) .. 83,805 187,032 188,086 193,396 207,959 210,932 204,372 193,412 205,806 Long-term debt (LDOD) 4,166 61,745 138,778 134,206 138,662 157,923 164,197 158,654 149,320 160,878 Public and publicly guaranteed 4,151 61,150 137,450 133,148 137,780 155,702 160,883 154,925 145,210 154,046 Private nonguaranteed 15 595 1,328 1,058 882 2.221 3,314 3,729 4,110 6.832 Use of IMF credit 100 916 2,050 1,838 1,324 1,946 2,177 2,748 2,868 3,276 Short-term debt -. 21,144 46,204 52,042 53,411 48,089 44,558 42,971 41,224 41,652 of which interest arrears on LDOD .. 391 1,820 1,502 1,714 2,005 2,293 2,537 2,249 2,249 Official creditors .. 391 1,003 1,206 1,459 1,722 1,983 2,227 2.089 Private creditors 0 817 296 255 283 310 310 160 Memo: principal arrears on LDOD .. 114 6,000 5,272 5.841 7,185 8,683 9,910 8,720 8,720 Official creditors .. 108 2.483 3,233 4,253 5.360 6,676 7,746 7,522 Private creditors ..6 3,517 2,039 1.588 1,824 2,007 2,164 1,198 Memo: export credits 3,668 63,963 60,077 61,409 71,743 67,897 64,741 60,697 TOTAL DEBT FLOWS Disbursements 890 12,318 19,467 17,509 16,264 16,562 14,140 13,785 12,184 19,678 Long-term debt 852 11,968 18,864 17,256 16,249 15,627 13,551 12,800 11,447 19,223 IMF purchases 38 350 603 253 16 935 590 985 737 455 Principal repayments 413 5,060 16,441 16,195 14,025 13,865 13,921 14,788 15,641 11,100 Long-term debt 382 4,827 16,053 15,807 13,488 13,459 13,531 14.451 15,200 10,916 IMF repurchases 31 233 388 388 537 406 390 337 441 184 Net flows on debt 1,029 8,655 6,448 7,468 6,182 7,869 -423 -1,028 -4,917 9,006 of which short-term debt .. 1,396 3,423 6,155 3,943 5,173 -642 -25 -1,460 428 Interest payments fINT) .. 6,454 8,058 9,733 8,883 8,577 10,091 9,759 9,052 9,186 Long-term debt 100 3,934 4,940 6,683 5,608 5,877 7,213 7,387 6,441 6,546 IMF charges 0 33 158 154 108 74 112 107 126 132 Short-term debt .. 2.488 2,960 2,896 3,167 2,626 2,766 2,265 2,485 2,508 Net transfers on debt .. 2,201 -1,610 -2,265 -2,701 -708 -10,514 -10,788 -13,970 -180 Total debt service (TDS) .. 11,514 24,499 25,928 22,908 22,442 24,012 24,547 24,694 20,286 Long-term debt 482 8,761 20,993 221490 19,096 19,337 20,744 21,838 21.641 17,462 IMF repurchases and charges 3 1 265 546 542 645 480 502 444 568 316 Short-term debt (interest oniyv). 2,488 2,960 2,896 3,167 2,626 2,766 2,265 2,485 2,508 2. %(,(,RE(; %TE % El REsOt' RC[ FLOI% s AND) NE I TR_%\S,FLR, I.ONG-TERMIi NET RESOURCE FLOWS 1,178 8,518 11,187 7,765 9,467 8,956 2,241 3,812 6,921 17,832 Net flow of long-term debt (ex. IMP' 469 7,141 2,810 1,449 2,760 2,167 20 -1.651 -3,753 8,307 Foreign direct investment (net) 294 -3,313 1,734 2,357 4,273 3,005 -664 387 5,368 5,923 Portfolio equity flows 0 0 0 0 0 106 203 1,632 2,259 879 Grants (excluding technical coop.) 415 4.689 6,643 3,959 2,433 3,678 2,682 3,444 3,047 2,723 Memo: technical coop. grants 273 993 2,755 2,596 2,639 2,002 2,347 2, 189 1,752 2,215 official net resource flowt 606 9,558 9,074 7,029 5,324 2,882 1.066 1,873 -1,199 1,906 private net resource flows 572 -1.040 2,113 736 4,143 6,074 1,174 1,939 8,120 15,926 NET TRANSFERS -1,866 -5,267 4,754 -480 2,574 1,814 -6,225 -4,960 -951 9,781 Interest on long-termn debt 100 3,934 4,940 6,683 5,608 5,877 7,213 7,387 6,441 6,546 Profit remittances ofl FD1 2,944 9,850 1,493 1,561 1,286 1,265 1,253 1,385 1,431 1,505 Memo: ofticial net transfers 541 8,605 6,994 4,439 2,514 -289 -3,303 -2,945 -5,239 -2,068 private net transfers -2,407 -13,871 -2,240 -4,919 59 2,102 -2,922 -2,014 4,288 11,849 3. XPtIOR EC ONONl I( A(JURF(JATF S Gross national product (GNP) 45,102 455.909 460,778 481.408 514,983 515,896 590,816 652,475 706,376 720,504 Exports of goods & services (XGS) 12,141 202,537 154,435 164,543 150,810 151,446 168,765 193,326 187,278 149,822 of which workers' remittances 535 8,284 9,854 12,913 11,108 11,160 11,964 11,953 12,275 12,397 Imnports of goods & services (MGS) 11,929 147,822 178,411 178,402 165,226 147,571 159,515 166,426 167.090 168,761 International reserves (RES) 4,496 82,300 54,941 55,2111 60,406 64,170 70,499 75,504 81,092 81,592 Current account balance 741 59,056 -33,001 -21,544 -22,631 -6,129 -4,302 12,165 5,291 -24,530 4. DESI' I\D( AiFORs EDT~ XG S (% . 41.4 121.1 114.3 128.2 137.3 125.0 105.7 103.3 137.4 EDT /GNP (% . 18.4 40.6 39.1 37.6 40.3 35.7 31.3 27.4 28.6 TDS / XGS (%) .. 5.7 15.9 15.8 15.2 14.8 14.2 127 13.2 115 INT/XGS (%) .. 3.2 5.2 5.9 5.9 5.7 6.0 5.0 4.8 6.1 INTl GNP (%) .. 14 1.7 2.0 1.7 1.7 1.7 1.5 1.3 1.3 RES/EDT (%) .. 98.2 29.4 29.4 31.2 30.9 33.4 36.9 41.9 39.7 RES /MGS (mnonths) 4.5 6.7 3.7 3.7 4.4 5.2 5.3 5.4 5.8 5.8 Short-term /EDT (%) .. 25.2 24.7 27.7 27.6 23.1 21.1 21.0 21.3 20.2 Concessional I/ EDT (%) .. 21.5 25.5 25.6 25.8 25.8 27.0 29.6 29.3 28.6 Multilateral!I EDT f%) .. 6.7 9.1 9.3 9.8 10.1 10.8 11.4 11.4 11.2 31 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) Preliminary, 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 5. LON(G-TERMl DEB I' DEBT OUTSTANDING (LDOD) 4,166 61,745 138,778 134,206 138,662 157,923 164,197 158,654 149,320 160,878 Public and publicly guaranteed 4,151 61,150 137,450 133,148 137,780 155,702 160,883 154,925 145,210 154,046 Official creditors 3,042 31,453 83,982 85,747 91,688 108,278 115,935 114,615 106,044 107,509 Multilateral 172 5,603 17,014 17,496 18,875 20,954 22,747 23,201 21,975 23,081 Concessional 32 2,553 3,627 3,726 4,054 4,480 5,102 5,717 6,098 6,853 Bilateral 2,870 25,850 66,968 68,251 72,814 87,324 93,188 91,414 84,069 84,428 Concessional 2,465 15,468 44,133 44,366 45,880 49,183 51,790 54,758 50,650 51,929 Private creditors 1,109 29,697 53,469 47,401 46,092 47,424 44,948 40,310 39,165 46,537 Bonds 38 720 2,142 1,814 1,719 1,757 2,036 2,486 3,513 5,119 Commercial banks 56 10,327 20,234 19,124 16,388 17,221 16,852 16,056 19,743 25,247 Other private 1,014 18,650 31,094 26,464 27,984 28,447 26,060 21,768 15,909 16,171 Private nonguaranteed 15 595 1,328 1,058 882 2,221 3,314 3,729 4,110 6,832 Bonds 0 0 0 0 0 50 410 885 785 Commercial banks 595 1,328 1,058 882 2,221 3,264 3,319 3,225 6,047 Memo: IBRD 139 2,384 8,765 8,942 9,308 9,978 10,671 10,053 8,789 8,680 IDA 32 669 1,782 1,799 1,845 1,942 2,059 2,173 2,314 2,510 DISBURSEMENTS 852 11,968 18,864 17,256 16,249 15,627 13,551 12,800 11,447 19,223 Public and publicly guaranteed 844 11,714 18,787 17,194 16,066 14,095 12,298 12,068 10,595 16,216 Official creditors 419 5,776 7,427 7,088 6,486 5,268 5,884 5,979 4,747 4,701 Multilateral 32 703 2,696 2,794 2,793 2,808 3,356 3,531 2,861 2,771 Concessional 8 181 288 483 471 522 762 923 771 804 Bilateral 387 5.073 4,731 4,294 3,693 2,460 2,528 2,449 1,885 1,930 Concessional 255 3,452 3,647 1,750 1,784 1,769 2,134 1,430 1,086 1,143 Private creditors 425 5,938 11,360 10,105 9,580 8,827 6,414 6,088 5,848 11,515 Bonds 5 66 1 0 15 672 888 531 1,556 1,525 Commercial banks 17 1,626 4,026 2,706 1,004 2,178 1,279 2,726 1,913 6,990 Other private 403 4,246 7,334 7.399 8,561 5,977 4,246 2,831 2,379 3,000 Private nonguaranteed 8 254 77 62 183 1,532 1,253 733 852 3,007 Bonds 0 0 0 0 0 85 360 475 0 Commercial banks 254 77 62 183 1,532 1,168 373 377 3,007 Memo: IBRD 23 421 1,154 1,349 1,099 1,018 1,455 1,231 832 642 IDA 8 82 52 61 66 87 125 178 246 179 PRINCIPAL REPAYMENTS 382 4,827 16,053 15,807 13,488 13,459 13,531 14,451 15,200 10,916 Public and publicly guaranteed 380 4,714 15,801 15,444 13,262 13,229 13,310 14,107 15,016 10,631 Official creditors 228 908 4,996 4.018 3,595 6,064 7,500 7,550 8,993 5,518 MultilateTal 16 202 1,585 1,683 1,547 1,795 2,086 1,932 2,677 2,155 Concessional 0 6 229 285 155 167 195 204 227 194 Bilateral 212 706 3,411 2,335 2,048 4,269 5,414 5,618 6,316 3,363 Concessional 137 385 702 413 670 761 700 799 1,008 966 Private creditors 152 3,806 10,806 11,426 9,668 7,164 5,810 6,557 6,023 5,113 Bonds 3 33 114 238 663 445 278 5 410 10 Commercial banks 2 1,465 2,203 2,711 2,688 2,199 1,671 2,530 2,244 2,022 Other private 146 2,309 8,489 8,476 6,317 4,521 3,861 4,022 3,370 3,081 Private nonguaranteed 3 114 252 363 226 231 221 344 184 285 Bonds 0 0 0 0 0 0 0 0 100 Commercial banks 114 252 363 226 231 221 344 184 185 Memo: IBRD 16 140 855 897 899 1,008 1,118 1,071 1,298 935 IDA 0 1 18 19 22 24 27 30 41 36 NET FLOWS ON DEBT 469 7,141 2,810 1,449 2,760 2,167 20 -1,651 -3,753 8,307 Public and publicly guaranteed 464 7,001 2,985 1,750 2,804 866 -1,012 -2,039 -4,421 5,585 Official creditors 191 4,868 2,431 3,070 2,891 -796 -1,615 -1,570 -4,246 -817 Multilateral 16 501 1,111 1,111 1,246 1,013 1,270 1,598 185 616 Concessional 8 174 59 198 316 355 567 718 544 610 Bilateral 175 4,367 1,321 1.959 1,645 -1,809 -2,885 -3,169 -4,431 -1,433 Concessional 118 3,067 2,945 1,338 1,114 1,008 1,433 631 78 177 Private creditors 273 2,132 554 -1,321 -87 1,662 603 -469 -175 6,402 Bonds 2 34 -113 -238 -648 228 610 526 1,146 1,515 Commercial banks 15 162 1,823 -5 -1,684 -22 -392 196 -330 4,968 Other private 257 1,937 -1,155 -1,077 2,244 1,456 385 -1,191 -991 -81 Private nonguaranteed 5 140 -175 -301 -43 1,30 1,032 389 668 2,722 Bonds 0 0 0 0 0 85 360 475 -100 Commercial banks 140 -175 -301 -43 1,301 947 29 193 2,822 Memo: IBRD 8 281 299 452 200 10 337 160 -466 -293 IDA 8 81 34 42 44 62 98 148 205 143 32 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) Prelimzinary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 INTERIEST PAYMENTS (LNT) 100 3,934 4,940 6,683 5,608 5,877 7,213 7,387 6,441 6,546 Public and publicly guaranteed 99 3,884 4,848 6,624 5,553 5,803 7,106 7,191 6,211 6,294 Official creditors 65 953 2,080 2,590 2,810 3,170 4,369 4,819 4,040 3,974 Multilateral 9 239 1,000 1,083 1,136 1.280 1,376 1,375 1,309 1,462 Concessional 0 19 75 73 76 92 110 134 155 137 Bilateral 56 714 1,080 1,507 1,674 1,891 2,993 3,443 2,731 2,512 Concessional 42 336 321 607 728 817 986 1,038 884 852 Private creditors 34 2,931 2~768 4,034 2,744 2,633 2.737 2,373 2,172 2,320 Bonds 2 71 157 115 70 80 88 145 173 244 Commercial banks 0 1,488 1,032 2,271 1,107 1,159 1,206 946 764 1,196 Other private 32 1,372 1,579 1.649 1,567 1,395 1,443 1,282 1,235 880 Private nonguaranteed 1 50 92 60 54 74 107 196 229 252 Bonds ..0 0 0 0 0 0 2 37 80 Commercial banks .. 50 92 60 54 74 107 194 192 172 Memo: IBRD 9 198 657 675 685 756 750 688 625 768 IDA 0 5 13 13 13 14 15 15 19 20 NET TRANSFERS ON DEBT 369 3,207 -2,130 -5,235 -2,847 -3,710 -7,193 -9,038 -10,194 1,761 Public and publicly guaranteed 365 3,117 -1,862 -4,874 -2,750 -4,937 -8,118 -9,230 -10,633 -709 Official creditors 126 3,915 351 480 81 -3,966 -5,985 -6,389 -8,286 -4.791 Multilateral 7 262 il1 29 110 -267 -106 223 -1.124 -846 Concessional 8 155 -17 125 240 263 458 584 389 473 Bilateral 119 3,654 240 452 -29 -3,699 -5,879 -6,612 -7,162 -3,945 Concessional 76 2,731 2.624 730 386 191 447 -407 -806 -675 Private creditors 239 -799 -2,214 -5,354 -2,831 -971 -2.134 -2,841 -2,347 4.082 Bonds -1 -38 -270 -353 -718 148 522 382 973 1,271 Commnercial banks 14 -1,326 790 -2,276 -2,790 -1,181 -1.598 -750 -1,094 3,772 Other private 225 565 -2,734 -2,726 677 62 -1,058 -2_473 -2.225 -961 Private nonguaranteed 4 90 -267 -361 -98 1,227 926 193 439 2,470 Bonds ..0 0 0 0 0 85 358 438 -180 Commercial banks .. 90 -267 -361 -98 1,227 841 -165 1 2,650 Memo: IBRD -1 83 -358 -223 -485 -746 -413 -528 -1,090 -1,061 IDA 8 76 21 29 31 48 83 133 185 123 DEBT SERVICE (LTDS) 482 8,761 20,993 22,490 19,096 19,337 20,744 21,838 21,641 17,462 Public and publicly guaranteed 479 8,598 20,649 22,068 18,816 19,032 20,416 21,298 21,227 16,925 Official creditors 293 1,861 7,076 6,608 6,404 9,234 11,869 12,368 13,032 9,492 Multilateral 25 441 2,585 2,766 2,683 3,075 3,462 3,307 3,986 3,617 Concessional 0 25 305 358 231 259 305 339 382 331 Bilateral 268 1,420 4,491 3,842 3,721 6,159 8,407 9,061 9,047 5,875 Concessional 179 720 1,023 1,020 1,398 1.578 1,687 1,837 1,893 1,818 Private creditors 186 6.737 13,573 15,459 12,411 9,798 8,547 8,930 8,195 7.433 Bonds 6 104 270 353 733 524 366 150 583 254 Commoercial banks 3 2,952 3,235 4,982 3,794 3.358 2,877 3,477 3,007 3,218 Other private 178 3,681 10,068 10,125 7,884 5,915 5,304 5,303 4,605 3,961 Private nonguaranteed 3 164 344 423 280 305 328 540 414 537 Bonds ..0 0 0 0 0 0 2 37 180 Commercial banks .. 164 344 423 280 305 328 538 377 357 Memo: IBRD 24 338 1,513 1.572 1,584 1,764 1,868 1,759 1,922 1,703 IDA 0 6 31 32 35 39 42 45 61 56 UNDISBURSED DEBT 1,916 28,043 36,969 37,829 36,302 31,261 31,069 25,845 22,608 - Official creditors 1,543 15,971 21,257 22,181 23,928 22,168 22,622 18,816 16,849 Private creditors 374 12,072 15,712 15,648 12,374 9,093 8,448 7,029 5,759 Memorandum items Concessional LDOD 2,497 18,021 47,760 48,092 49.935 53,662 56,892 60,475 56,748 58,782 Variable rate LDOD 41 10,209 28,535 29,004 33,049 46,559 49,684 46,662 41,769 Public sector LDOD 4,128 53,419 116,111 113,719 117,371 134,961 140,940 135,583 123,019 Private sector LDOD 37 741 1,429 1,270 1,185 1,588 1,680 1,866 2,284 ei. CUIRRENC'I. cumposrrioN OF LONG- I ERNI DE BT iPER( ENT, Deutsche mark 7.7 6.4 6.6 7.1 6.8 7.0 7.1 6.4 6.0 French franc 18.5 9.3 11.8 11.7 10.6 10.8 11.5 11.5 10.3 Japaiiese yen 0.0 5.7 7.6 8.1 8.7 8.8 8.7 8.2 7.8 Pound srerling 4.1 1.3 1.4 1.2 1.2 1.1 1.0 1.1 1.1 Swiss franc 1.1 1.3 0.7 0.7 0.7 0.7 0.8 0.6 0.6 U.S. dollarS 33.0 46.4 36.0 36.3 37.2 38.6 37.7 38.2 39.5 Multiple currency 3.1 4.7 7.9 8.5 8.8 8.5 8.7 8.5 8.0 Special drawing rights 0.0 0.0 0.6 0.2 0.2 0.2 0.2 0.2 0.2 All other currencies 32.6 12.4 11.9 11.9 11.3 11.3 12.2 13.0 11.4 33 MIDDLE EAST AND NORTH AFRICA (US$ million, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 7. DFBI RFSTRUCTURINGS Total amount rescheduled .. 0 16,787 2,992 4,446 15,786 8,954 6,143 3,402 Debtstockrescheduled .. 0 11,355 0 2,979 10,785 3,178 1,805 0 Principal rescheduled .. 0 3,722 1,692 1,116 4,286 4,944 3,733 2,957 Official .. 0 1,828 771 186 718 703 527 612 Private .. 0 1,895 921 930 3,568 4,241 3,206 2,346 Interest rescheduled .. 0 1,659 491 349 655 528 397 161 Official .. 0 1,063 193 56 170 132 96 87 Private 0 597 298 293 486 397 301 73 Principal forgiven .. 3 3,222 469 231 338 358 47 2,238 Memo: interest forgiven .. 0 215 158 147 84 7 5 340 Debt stock reduction .. 0 574 530 97 0 13 9 0 of which debtbuyback .. 0 0 0 0 0 0 0 0 8. DEB r .S-OCK-FLO%% RE( ONC ILIA TION Total change in debt stocks .. 14,024 4,033 1,054 5,310 14,563 2,972 -6,559 -10,961 Net flows on debt .. 8,655 6,448 7,468 6,182 7,869 -423 -1,028 -4,917 Net change in interest arrears .. 68 -1,058 -318 212 291 288 243 -287 Interest capitalized .. 0 1,659 491 349 655 528 397 161 Debt forgiveness or reduction .. -3 -3,796 -998 -328 -338 -371 -56 -2,238 Cross-currency valuation -928 335 -3,247 -775 6,519 2,634 -4,977 -6,530 Residual .. 6,232 444 -2,343 -330 -434 315 -1,137 2,852 9. .%ERAGE TERMS OF NEW CONINM ITNIENTS ALL CREDITORS Interest (%) 4.6 6.5 6.2 5.7 5.6 5.5 6 5.4 5.7 Maturity (years) 18.5 18.1 14.9 12.7 14.6 13.6 13.4 13.3 15 Grace period (years) 6.2 4.7 4.4 4.5 4.7 4 4.1 4 6.1 Grant element (%) 33.5 23.6 21.9 21.5 23 22.5 20.4 24 25 Official creditors Interest (%) 3.7 4.7 5 5.5 5.4 4.9 5.3 5.2 4.7 Maturity (years) 23.5 24,1 21.6 16.9 19.3 19.9 17.2 16.9 17.8 Grace period (years) 8.4 5.9 6.5 5.6 5.9 6 4.5 5.1 5 Grant element (%) 43.6 38.1 36 27.4 29.3 32.3 26.4 29.5 31.8 Private creditors Interest (%) 6.3 8.6 7.3 5.9 5.7 6.2 7 5.6 7.1 Maturity (years) 9.4 10.7 9.3 9.8 8.4 6.7 7.9 8.7 10.6 Grace period (years) 2 3.1 2.7 3.8 3 1.9 3.4 2.7 7.8 Grant element (%) 14.7 5.6 9.9 17.5 14.5 11.8 11.7 17.1 14.5 Memorandum items Commitments 1,207 11,437 22,836 18,866 13,461 8,474 11,185 8.432 6,496 Official creditors 785 6,339 10,448 7,592 7,734 4,401 6,626 4.674 3,934 Private creditors 423 5,099 12,388 11,273 5,727 4,073 4,559 3,758 2,562 Iti. IGRXPH OF AG(,,RE( ATE NEI RESOURCE F1l-0% S (cuirrent prices, US$ million) Aggregate Net Resource Flows Private Flows Official Flows 20000 - 18000 - 1998 - 1998 16000 1997 r-2 :a 1997 14000- 1996 1996 12000 - 1995 1995 : 10000 1994 - - 1994 8000 - 6000 1993 1993 4000 1992 1992 2000 -- 1991 - 1991 0 m-__ __ -_ _ _ _ -_ _ _ _ _ -- r -- -- - 1991 1992 1993 1994 1995 1998 1997 1998 -4000 -2000 0 2000 4000 6000 8000 10000 -5000 t 5000 10000 -t Private flows I Official flows Private non-debt f ows I.Private debt flows * Multilateral n Bilateral : Grants 34 SOUTH ASIA (US$ millioni, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 I. SUNrMX-RI'DEBT DATA TOTAL DEBT STOCKS (EDT) 38,015 136,096 142,956 148,000 162,112 157,392 155,536 154,946 164,536 Long-term debt (LDOD) 11,329 33,053 118,514 124,509 134,535 147,890 143,052 141,409 143,942 152,474 Public and publicly guaranteed 11,224 32,696 116,445 122,371 131,618 140,203 134,751 131,944 132,312 140,652 Private nonguaranteed 105 357 2,069 2,138 2,917 7,687 8,301 9,465 11,630 11,822 Use of' IMF credit 124 2,508 5,685 7,166 7,410 7,211 5,252 3,795 2,781 2,437 Short-term debt 2,454 11,898 11,280 6,056 7,011 9,087 10,332 8,224 9,625 of which interest arrears on LDOD 0 22 26 33 47 56 125 120 120 Official creditors 0 6 7 8 14 21 22 24 Private creditors 0 16 19 25 32 35 103 96 Memo: principal arrears on LDOD 0 29 33 37 52 80 196 212 212 Official creditors 0 27 28 27 35 36 58 58 Private creditors 0 2 4 9 17 45 138 154 Memo: export credits .. 28 9,819 10,444 11,070 13,155 14,591 13,984 13,916 TOTAL DEBT FLOWS Disbursements 1,475 6,358 13,050 13,782 13,436 13,572 11,802 12,085 15,326 13,824 Long-term debt 1,466 4,710 11,192 11,869 12,864 13,052 11,601 11,930 15,045 13,506 IMF purchases 10 1,647 1,859 1,912 573 520 202 155 280 318 Principal repayments 721 1,553 5,141 5,823 6,397 9,499 11,575 10,527 10,903 8,867 Long-term debt 461 1,226 4,349 5,157 6,017 8,185 9,579 9,095 9,795 8,103 IMF repurchases 260 326 792 666 380 1,314 1,996 1,432 1,109 764 Net flows on debt 1,179 5,850 7,431 7,338 1,808 5,015 2,295 2,733 2,320 6,358 of which short-term debt .. 1,045 -478 -621 -5,232 942 2,067 1,175 -2,102 1,401 Interest payments (INT) .. 1,217 5,929 5,463 5,477 5,841 6,276 6,132 5,359 5,786 Long-term debt 282 864 4,550 4,525 4,694 5,121 5,416 5,449 4,588 5,178 IMF charges 0 61 278 325 316 269 233 150 91 67 Short-term debt .. 292 1,101 614 467 451 627 533 680 541 Net transfers on debt .. 4,633 1,502 1,875 -3,669 -826 -3,981 -3,399 -3,040 572 Total debt service (TDS) .. 2,770 11,070 11,286 11,873 15,340 17,850 16,659 16,263 14,653 Long-term debt 743 2,090 8,899 9,682 10,711 13,306 14,995 14,544 14,383 13,281 IMF repurchases and charges 260 387 1,070 991 695 1,584 2,229 1,582 1,199 831 Short-term debt (interest only) .. 292 1,101 614 467 451 627 533 680 541 2. AGGREGATE NElI RESOURCE FLO%% S AND NEI TRANSFERS ilA)NG-rERMI, NET RESOURCE FLOWS 1,353 6,485 10,718 10,376 12,228 15,238 9,815 13,964 14,702 12,296 Net flow of long-term debt (ex. IMF, 1,005 3,484 6,843 6,712 6,847 4,867 2,022 2,834 5,250 5,403 Foreign direct investment (net) 69 185 389 750 1,118 1,585 2,936 3,506 4,662 4,394 Portfolio equity flows 0 0 23 380 2,025 6,223 2,340 5,198 2,477 381 Grants (excluding technical coop.) 279 2,815 3,463 2,534 2,238 2,562 2,517 2,426 2,312 2,118 Memo: technical coop. grants 139 692 1,661 1,859 1,698 1,520 1,571 1,467 1,376 1,352 official net resource flows 1,274 5,247 8,784 7,087 5,803 6,072 3,016 4,961 3,592 4,464 private net resoure flows 79 1,238 1,934 3,289 6,425 9,166 6,798 9,003 11,110 7,832 NET TRANSFERS 1,057 5,599 6,090 5,747 7,422 9,988 4,247 8,321 9,827 6,788 Interest on tong-term debt 282 864 4,550 4,525 4,694 5,121 5,416 5,449 4,588 5,178 Profit remittances on FDI 14 22 77 104 113 129 152 194 286 330 Memo: official net transfers 1,038 4,594 6,381 4,516 3,134 3,145 7 2,168 924 1,895 private Oct transfers 19 1,005 -291 1,232 4,287 6,843 4,239 6,153 8,904 4,893 3. NLAJOR ECONOMIC A.GGREGATES Gross national product (GNP) 76,420 192,300 408,076 378,947 390,681 420,319 495,479 544,918 590,321 596,225 Exports of goods & services (XGS) 4,273 23,679 43,950 44,858 51,049 59,825 72,776 77,010 80,245 81,850 of which workers' remittances 172 4,883 6,538 5,424 6,284 8,297 10,360 12,914 12,878 13,419 Imports of goods & services (MGS) 5,898 30,482 51,325 54,475 61,830 72,665 87,749 90,911 92,556 90,705 International reserves (RES) 1,423 15,404 11,919 14,755 21,835 34,379 31,004 31,180 35,006 36,746 Current account balance -741 -4,012 -6,630 -7,089 -5,131 -4,431 -10,976 -12,809 -7,178 -4,840 4. DEBT IN-D1C AIORS EDT XGS(% . 160.5 309.7 318.7 289.9 271.0 216.3 202.0 193.1 201.0 EDT/GNP(% . 19.8 33.4 37.7 37.9 38.6 31.8 28.5 26.2 27.6 TDSIXGS(% . 11.7 25.2 25.2 23.3 25.6 24.5 21.6 20.3 17.9 INT/XGS (% . 5.1 13.5 12.2 10.7 9.8 8.6 8.0 6.7 7.1 INT IGNP (% . 0.6 1.5 1.4 1.4 1.4 1.3 1.1 0.9 1.0 RES /EDT (% . 40.5 8.8 10.3 14.8 21.2 19.7 20.0 22.6 22.3 RES /MGS (months) 2.9 6.1 2.8 3.3 4.2 5.7 4.2 4.1 4.5 4.9 Short-term / EDT (%) .. 6.5 8.7 7.9 4.1 4.3 5.8 6.6 5.3 5.8 Concessional / EDT (% . 74.4 55.1 54.7 55.5 56.0 56.6 51.7 49.5 48.9 Multilateral / EDT (%) .. 24.6 31.4 32.3 33.8 35.1 36.3 36.4 36.1 36.0 35 SOUTH ASIA (US$ million, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 5. L(I\G;-TERM% DERT DEBT OUTSTANDING (LDOD) 11,329 33,053 118,514 124,509 134,535 147,890 143,052 141,409 143,942 152,474 Public and publicly guaranteed 11,224 32,696 116,445 122,371 131,618 140,203 134,751 131,944 132,312 140,652 Official creditors 10,544 30,289 90,848 95,608 101,314 112,665 109,587 106,214 102,225 106,959 Multilateral 2,205 9,345 42,753 46,161 50,024 56,963 57,102 56.602 55,953 59,162 Concessional 1,347 7,842 29,513 31,486 33.683 38,176 39,429 40.031 39,990 42,644 Bilateral 8,338 20,944 48,095 49,448 51,290 55,702 52,485 49.613 46,273 47,797 Concessional 7,545 20,431 45,505 46,748 48,498 52,603 49,599 40,400 36,744 37,891 Private creditors 680 2,407 25,597 26,763 30,304 27,539 25,164 25,730 30,086 33.693 Bonds 14 2 4,102 4,021 3,832 3,890 3,407 1,664 2,573 2,414 Commercial banks 54 1,671 16,676 17,779 19,906 15,332 14,162 16,986 21,727 26,003 Other private 612 734 4,819 4,962 6,566 8,317 7.596 7,080 5,786 5,276 Private nonguaranteed 105 357 2,069 2,138 2,917 7,687 8,301 9,465 11,630 11,822 Bonds ..0 0 0 794 1,203 1.065 2,478 3,847 3,698 Commercial banks .. 357 2,069 2,138 2.123 6,484 7,236 6,987 7,783 8,124 Memo: IBRD 852 1.242 10,780 11.576 12,609 14,165 13,035 11,861 11,253 11.177 IDA 1.347 7,065 22,683 24,230 25.582 28,421 29,001 29,433 29,761 31,585 DISBURSEMENTS 1,466 4,710 11,192 11,869 12,864 13,052 11,601 11,930 15,045 13,506 Public and publicly guaranteed 1,438 4,414 10,731 11,076 11,409 11,754 9,666 10,444 12,482 12,424 Official creditors 1,317 3,372 7,961 7,573 6,947 7,850 6,290 7,172 7,747 6,904 Multilateral 198 1,417 5.060 4,603 4,379 4,863 3,968 4,581 4,136 3.871 Concessional 84 1,183 2,494 2,624 2.144 2,942 2,229 2.687 2,260 2.285 Bilateral 1,119 1,956 2.901 2,970 2,568 2,987 2,321 2,591 3,611 3,033 Concessional 1,0t12 1,804 2,417 2,436 1,988 2,414 2,021 1,851 2,279 1,844 Private creditors 121 1,042 2,770 3,503 4.462 3,905 3.377 3,272 4.735 5,520 Bonds 0 0 1,619 0 0 150 86 425 975 65 Comnmercial banks 16 797 602 2,512 2,118 1,062 1,902 1.798 3,263 4,556 Other private 105 245 550 991 2.344 2,692 1,389 1,049 497 899 Private nonguaranteed 28 297 461 793 1,455 1,298 1,934 1,486 2,564 1,082 Bonds ..0 0 0 794 412 520 785 1,371 0 Commercial banks .. 297 461 793 661 885 1,414 701 1,193 1,1)82 Memo: IBRD 108 190 1,644 1.239 1,566 1,055 860 1.1056 1,032 705 IDA 84 928 1.658 1,893 1.427 1,860 1,372 1,634 1.500 1,498 PRINCIPAL REPAYMENTS 461 1,226 4,349 5,157 6,017 8,185 9,579 9,095 9,795 8,103 Public and publicly guaranteed 435 1,128 4,003 4,717 5,347 7,793 9,081 8,554 9,453 7,213 Official creditors 322 940 2.640 3,020 3.382 4,340 5,790 4,637 6,467 4.558 Multilateral 64 135 1,075 1,251 1.534 1,867 2,223 1.875 2,029 1.982 Concessional 0 24 283 313 353 395 466 504 564 583 Bilateral 259 805 1,565 1,769 1,847 2,473 3,567 2,762 4,439 2,576 Concessional 166 732 1,291 1,379 1,404 1,987 3,049 2,2-97 3,516 1,543 Private creditors 113 188 1,363 1.697 1,965 3,453 3.291 3,917 2.985 2,655 Bonds 3 0 239 206 338 404 311 1,242 2 267 Commercial banks 12 44 431 656 829 1,685 1,983 1,695 1.324 861 Other private 98 144 694 835 798 1,365 997 979 1,~659 1,527 Private nonguaranteed 26 98 346 440 670 391 498 542 342 890 Bonids ..0 0 0 0 0 0 0 0 149 Commercial banks . 98 346 440 670 391 498 542 342 741 Memo: 1BRD 64 99 638 771 926 1,019 1,173 1,077 1,036 1,031 IDA 0 19 186 208 239 269 318 340 366 409 NET FLOWS ON DEBT 1,005 3,484 6,843 6,712 6,847 4,867 2,022 2,834 5,250 5,403 Public and publicly guaranteed 1,003 3,286 6,728 6,359 6,062 3,961 585 1,891 3,029 5,211 Official creditors, 995 2,432 5,321 4,553 3,566 3,510 499 2,535 1,279 2.346 Multilateral 134 1,281 3,984 3,353 2.845 2,996 1,746 2,707 2,108 1,889 Concessional 84 1,160 2,212 2,312 1,791 2,547 1,763 2,183 1,696 1,702 Bilateral 860 1,150 1,337 1,201 721 514 -1,246 -172 -828 457 Conceasional 836 1,072 1,126 1,057 584 427 -1,028 -446 -1,237 301 Private creditors 8 854 1,407 1.806 2,497 451 86 -644 1,750 2.865 Bonds -3 0 1,380 -206 -338 -254 -226 -817 973 -202 Comnmercial banks 4 753 171 1,856 1,289 -622 -81 103 1,939 3.695 Other private 8 101 -144 156 1,546 1.327 392 70 -1.163 -628 Private nonguaranteed 2 199 115 353 784 906 1,436 944 2,222 192 Bonids ..0 0 0 794 412 520 785 1.371 -149 Commercial banks . 199 115 353 -10 494 916 159 850 341 Memo: IBRD 44 91 1.006 467 640 37 -314 -21 -5 -326 IDA 84 909 1,472 1,685 1,189 1,591 1,054 1,295 1,133 1,089 36 SOUTH ASIA (US$ million, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINIr) 282 864 4,550 4,525 4,694 5,121 5,416 5,449 4,588 5,178 Public and publicly guaranteed 276 832 4,404 4,361 4,488 4,639 4,753 4,899 4,287 4,470 Official creditors 236 653 2,403 2,571 2,669 2,927 3,009 2,792 2,668 2,569 Multilateral 57 181 1,180 1,336 1,434 1,565 1,645 1,512 1,428 1,412 Concessional 9 55 222 247 268 293 318 322 323 310 Bilateral 179 472 1,223 1,236 1,235 1,362 1,364 1,281 1,240 1,157 Concessional 137 443 1,047 1,057 1,053 1,144 1,104 1,018 902 716 Private creditorS 40 179 2,000 1,790 1,819 1,712 1,744 2,107 1,619 1,901 Bonds 1 0 196 230 258 221 192 590 117 181 Commercial banks 3 123 1,480 1,250 1,246 961 1,007 1,011 1,069 1,367 Other private 36 56 325 310 315 530 545 506 433 353 Private nonguaranteed 6 32 147 164 206 483 663 550 302 708 Bonds 0 0 0 1 21 58 91 156 242 Commercial banks 32 147 164 205 462 604 459 145 466 Memo: IBRD 48 104 806 889 918 979 995 890 789 749 IDA 9 47 159 172 185 198 215 216 217 220 NET TRANSFERS ON DEBT 723 2,621 2,292 2,188 2,153 -254 -3,395 -2,615 662 225 Public and publicly guaranteed 727 2,454 2,324 1,998 1,574 -678 -4,168 -3,009 -1,258 741 Official creditors 759 1,778 2,918 1,982 897 583 -2,510 -257 -1.389 -223 Multilateral 77 1,100 2,804 2,017 1,411 1,431 101 1,195 679 477 Concessional 75 1,105 1,990 2,065 1.523 2,254 1,445 1.861 1,373 1,392 Bilateral 682 678 114 -35 -515 -849 -2,611 -1,452 -2,068 -700 Concessional 699 629 79 1 -469 -717 -2,132 -1,464 -2,139 -415 Private creditors -32 675 -594 16 678 -1,261 -1,658 -2,751 131 964 Bonds -4 0 1,184 -436 -596 -475 -418 -1,407 856 -383 Commercial banks 1 631 -1,309 607 43 -1,583 -1,088 -909 870 2,328 Other private -28 44 -469 -154 1,231 797 -153 -436 -1,596 -981 Private nonguaranteed -4 167 -32 189 579 424 774 394 1,920 -516 Bonds ..0 0 0 793 392 462 694 1,215 -391 Commercial banks 167 -32 189 -215 32 312 -300 705 -1~25 Memo: IBRD -4 -13 200 -422 -278 -942 -1,309 -911 -794 -1,075 IDA 75 862 1,313 1,512 t.004 1,393 839 1,078 916 869 DEBT SERVICE (LTDS) 743 2,090 8,899 9,682 10,711 13,306 14,995 14,544 14,383 13,281 Public and publicly guaranteed 711 1,960 8,407 9,078 9,835 12,432 13,834 13,453 13,740 11,683 Official creditors 559 1,594 5,043 5,591 6,051 7,267 8,799 7.429 9.135 7,127 Multilateral 121 316 2,256 2,586 2,968 3,432 3,868 3,386 3,457 3.394 Concessional 10 78 504 559 621 688 784 826 887 893 Bilateral 438 1,277 2,787 3,005 3,083 3,835 4,932 4,043 5,678 3,733 Concessional 302 1,175 2,339 2,436 2,457 3,131 4,152 3,314 4,417 2,259 Private creditors 152 367 3,364 3,487 3,784 5,165 5,035 6,024 4,604 4,556 Bonds 4 0 435 436 596 625 503 1.832 119 448 Commercial banks 15 166 1,910 1,906 2,076 2,645 2,990 2,707 2.394 2,228 Other private 134 201 1,019 1,145 1,113 1,895 1,542 1,485 2,092 1,880 Private nonguaranteed 32 130 493 604 876 874 1,161 1,092 644 1,598 Bonds ..0 0 0 1 21 58 91 156 391 Commercial banks . 130 493 604 875 853 1,102 1.001 488 1,207 Memo: IBRD 112 203 1,444 1,660 1,843 1,998 2,169 1,968 1.825 1,780 IDA 10 66 345 380 424 466 533 556 584 629 UNDISBURSED DEBT 3,421 14,301 41,361 39,016 39,642 39,716 36,438 34,523 30,484 Official creditors 3,043 12,954 38,324 35,133 34,972 36,320 34.388 32.489 29,105 Private creditors 379 1,347 3,037 3,883 4,670 3.396 2,050 2.034 1,379 Memorandum items Concessional LDOD 8,892 28,273 75,018 78,234 82,182 90,779 89,028 80,432 76,734 80,535 Variable rate LDOD 105 1,009 16,620 18,384 21,506 27,553 27,478 30,064 33.446 Public sector LDOD 10,779 31,006 110.422 11628 125,505 133,878 128,498 125,507 126,141 Private sector LDOD 550 852 2,822 2,872 3,649 8,436 8,975 10,3071 12,338 6. CURRENCYC OMPOSITION OF LON(C-TERM DER'l iPERCENTIt Deutsche mark 9.7 8.3 6.1 5.9 5.3 5.9 5.8 5.2 4.6 French franc 1.5 2.3 1.8 1.8 1.6 1.9 2.0 1.8 1.7 Japanese yen 5.5 8.8 13.0 13.7 15.0 17.3 16.1 14.8 13.5 Pound sterling 22.5 17.7 4.7 4.2 3.8 3.4 3.4 3.2 3.1 Swiss franc 0.4 0.3 0.5 0.4 0.5 0.6 0.6 0.5 0.4 U.S. dollars 42.0 41.9 48.8 48.3 48.4 43.7 44.4 47.1 50.8 Multiple currency 8.5 7.3 15.4 16.2 16.9 18.8 19.2 18.71 17.6 Special drawing rights 0.0 0.0 0.8 0.8 0.8 1.0 1.1 1.3 1.4 All other currencies 9.9 9.6 4.4 4.2 3.6 3.4 3.3 3.2 2.8 37 SOUTH ASIA (US$ million, unless otherwise indicated) F 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 7. DEB[ R[EsTR Lit rL RI (;S Total amount rescheduled .. 0 0 0 0 0 0 1 0 Debt stock rescheduled .. 0 0 0 0 0 0 0 0 Principal rescheduled .. 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private .. 0 0 0 0 0 0 0 0 Interest rescheduled .. 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Principal forgiven .. 10 307 2 2 2 7 0 0 Memo: interest forgiven .. 0 0 0 0 0 0 0 0 Debt stock reduction .. 0 0 0 0 0 0 0 0 of which debt buyback .. 0 0 0 0 0 0 0 0 Y. DE)Bl S'lOt K-1 1.0%\ REC(O)NIIl I VI10I\ Total change in debt stocks .. 4,912 6,197 6,860 5,045 14,112 -4,720 -1,856 -589 Net flows on debt .. 5,850 7,431 7,338 1,808 5,015 2,295 2,733 2,320 Net change in interest arrears .. - 1 5 4 8 13 10 69 -5 Interest capitalized .. 0 0 0 0 0 0 0 0 Debt forgiveness or reduction .. -10 -307 -2 -2 -2 -7 0 0 Cross-currency valuation .. 212 1,294 595 2,115 8,179 -3,776 -5,195 -3.481 Residual .. -1,140 -2,226 -1,075 1,117 906 -3,242 537 578 9. A f:ER.1;E 111R.% Os F \lA (Ct0lNI %I UtENi-IS ALL CREDITORS Intcrest (%) 2.6 4.7 5.2 4.3 4.9 3.5 3.8 4.2 4.7 Maturity (years) 32.6 32.5 22.7 24.1 20.9 25.9 25 22 21.5 Grace period (years) 9.8 7.5 6.9 7.2 5.8 7.7 7.8 7 6 Grant element (%) 59.5 48 37.6 41.7 35.2 49.8 47.5 40.2 36.5 Official creditors Interest (No) 2.3 2.2 3.9 3.2 3.3 3.1 3.6 3.9 3.6 Maturity (years) 34.9 39.3 27.1 29.1 27.2 28 26.8 27.6 26.7 Grace period lyears) 10.6 8.8 7.5 7.6 7.5 8.3 8.1 7.9 7.6 Grant element (%) 64.2 66.4 48 54.1 51.4 54.4 50.4 48.2 48.9 Private creditors Interest (%) 5.9 12.8 9.2 6.9 7.5 7.2 5.7 5.2 6.7 Maturity (years) 11.6 10.9 7.9 13.2 10.5 8.6 6.1 7.4 11.9 Grace period (years) 2.6 3.6 5 6.2 3.1 3.4 3.8 4.7 3.1 Grant element (%) 17.9 -10.7 3.4 15 8.8 11.8 16.3 19.1 13.3 Memorandum items Commitments 2,002 8,182 11,736 13,795 13,142 10.124 7,706 11,817 11,336 Official creditors 1,798 6,227 9,009 9,414 8,160 9,036 7,037 8,564 7,380 Private creditors 204 1,956 2,727 4,382 4,982 1,089 669 3,253 3,956 Ill. G;RAPH (I OF AWREG XJE NE [- RESOULRC E FLOW%S (current prices, USS million) Aggregate Net Resource Flows Private Flows Official Flows 16000 - 1998 1998 14000 t1- 1997 - - 1997 12000 1996 - - - 1996 10000 8000 1995 =1995 8000-- 1994 - 1994 6000 - 1993 - -' 1993 4000 t ~S 1992 1992 2000 1 1991-191,f 1991 1992 1993 1994 1995 1996 1997 1998 0 2000 4000 6000 8000 10000 -2000 -1000 0 1000 2000 3000 4000 5000 B Private flows _. Official flows a Private non-debt flows _ Private debt flows n Multilateral 2 Bilateral Grants 38 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 1. SLAM.%L\RY DEBT DA%TA TOTAL DEBT STOCKS (EDT) 60,864 183,971 183,218 195,399 219,696 233,750 229,557 219,445 225,751 Long-term debt (LDOD) 6,069 46,619 155,365 151,349 158,897 175,576 184,174 178,255 171,070 175,956 Public and publicly guaranteed 5,761 42,053 149,963 146,250 153,811 165,383 174,183 169,842 163,273 168,502 Private nonguarantced 309 4,567 5,402 5,099 5,086 10,193 9,991 8,414 7,798 7,454 Use of IMF credit 106 3,033 6,603 6,345 7,019 7,920 8,673 8,445 7,393 7,400 Short-term debt 11,212 22,003 25,525 29,484 36,200 40,903 42,856 40,981 42,395 of whicb interest arrearS on LDOD .. 1,710 10,829 13,135 16,897 18,568 20,663 20,221 18,336 18,301 Official creditors .. 1,606 7,760 9,894 12.892 14,302 16,141 16,450 15,592 Private creditors .. 104 3,069 3,242 4,005 4,266 4,522 3,771 2,744 Memo: principal arrears on LDOD .. 1,726 21,388 25,691 31,790 35,483 41,293 40,184 38,041 37,946 Official creditors .. 1,037 12,895 16,400 20,580 23,841 28,765 30,238 30,929 Private creditors .. 689 8,492 9,292 11,211 11L642 12,528 9,945 7,112 Memo: export credits .. 3,138 55,348 52,685 50,776 47,197 45,729 45,705 47,306 TOTAL DEBT FLOWS Disbursements 1,255 11,799 9,481 9,633 9,667 11,826 13,963 9,319 10,266 9,520 Long-term debt 1,235 10,582 8,902 9,105 8,520 10,908 10,969 8,667 9,742 8,683 IMF purchases 19 1,217 579 527 1,146 918 2.994 652 524 837 Principal repay-ments 456 3,179 4,911 5,473 3,920 7,065 9.438 9,288 9,017 7,854 Long-term debt 393 2.795 4,298 4.944 3,466 6,598 7.065 8,691 7,952 6,715 IMF repurchases 63 384 614 530 455 467 2,372 596 1.065 1,139 Net flows on debt 1,535 10,080 4,119 5,375 5,964 10,178 7,320 2,427 4,552 3,116 of which short-term debt .. 1,460 -451 1,216 217 5,417 2,795 2,395 3.303 1,450 Interest payments (INT) 3,515 5.258 4,595 3,364 4.765 5,368 5,810 4,938 6,659 Long-term debt 194 2,381 4,428 3,852 2,698 3,960 3,989 4.802 3,796 4,099 IMF charges 0 103 228 186 138 170 559 124 101 88 Short-term debt .. 1,031 603 558 527 635 820 885 1.041 2.472 Net transfers on debt -. 6,565 -1,140 779 2,600 5,413 1,952 -3,384 -386 -3,543 Total debt service (TDS) .. 6,694 10,170 10,069 7,284 11,830 14,806 15,098 13,956 14,513 Long-term debt 587 5,176 8,725 8,796 6,164 10,558 11,055 13,493 11,748 10,814 IMF repurchases and charges 63 487 841 716 592 636 2,931 720 1,167 1,227 Short-termn debt (interest only) .. 1,031 603 558 527 635 820 885 1,041 2,472 2. .G4RE.~T[NE I RF'SOL1RCE fI.l NI NE1 rR-%NSFER1i iIl.4N(.- FEI4N NET RESOURCE FLOWS 1,718 11,479 17,471 17,312 17,562 20,621 23,850 17,252 18,792 17,438 Net flow of long-term debt (ex. IMF ~ 842 7.787 4,604 4,162 5,055 4.310 3,903 -24 1,790 1,968 Foreign direct investment (net) 428 33 1,631 1,550 1,886 3,341 3,525 4,310 5,222 4,830 Portfolio equity flows 0 0 0 144 174 860 4,868 2,012 1.507 366 Grants (excluding technical coop.) 448 3,659 11,236 11,456 10,448 12,110 11,554 10,953 10,273 10,275 Memo: technical coop. grants 628 2,700 5,222 5,647 5,413 4,876 5,204 5,106 4,790 4,668 official net resource flows 946 7,240 15,457 16,325 14,819 15,739 14,390 12,734 12,118 11,647 private net resource flows 772 4,239 2,014 987 2,744 4,881 9,460 4,518 6,674 5,791 NET TRANSFERS 434 5,142 9,143 8,905 10,329 11,847 15,431 8,231 11,048 9,133 tnterest on long-term debt 194 2,381 4,428 3,852 2,698 3,960 3,989 4,802 3,796 4,099 Profit remittances on FDI 1.090 3,956 3,900 4,554 4,535 4,814 4,430 4,219 3,949 4,206 Memo: official net transfers 833 6,548 12,566 14,093 12,868 13,716 12,376 10,068 10,042 9,637 private net transfers -398 -1,406 -3,423 -5,187 -2,539 -1,869 3,055 -1,837 1.006 -504 3. N13LIOR ECi ONoMIC It' X RE('A I E., Gross national product (GNP) 62,265 252,789 279,066 276,466 264,933 261,891 288,807 308,353 322,497 330.559 Exports of goods & services (XGS) 13,722 91.713 81,562 82,360 79,444 80,568 96.305 106,588 108,797 97,264 of which workers' remittances 141 776 796 1,066 1,710 1.422 1,929 2,042 3,206 3,318 Imports of goods & services (MGS) 15,695 91,938 93,796 95,674 93,644 96,554 115,220 117,639 124,269 124,642 International reserves (RES) 2,865 22,256 13.085 9,070 9.770 11,247 13,792 1-5.101 18,162 19.962 Current account balance -1,845 2,135 -3,597 -3,693 -5,675 -7,403 -11,081 -486 -1,660 -3,537 4. DEBT INDICA'TORS EDT /XGS ().. 66.4 225.6 222.5 246.0 272.7 242.7 215.4 201.7 232.1 EDT / GNP (% . 24.1 65.9 66.3 73.8 83.9 80.9 74.4 68.0 68.3 TDS / XGS (% . 7.3 12.5 12.2 9.2 14.7 15.4 14.2 12.8 14.9 INT i'XGS (% . 3.8 6.4 5.6 4.2 5.9 5.6 5.5 4.5 6.8 INT/ GNP (% . 1.4 1.9 1.7 1.3 1.8 1.9 1.9 1.5 2.0 RES iEDT (% . 36.6 7.1 5.0 5.0 5.1 5.9 6.6 8.3 8.8 RES /MGS (months) 2.2 2.T9 1.7 1.1 1.3 1.4 1.4 1.5 1.8 1.9 Short-term' /EDT (%) .. 18.4 12.0 13.9 15.1 16.5 17.5 18.7 18.7 18.8 Concessional i EDT (%) .. 26.9 34.5 36.2 35.8 34.7 34.8 36.3 38.0 38.9 Multilateral / EDT (%c) .. 12.5 22.7 23.7 23.7 23.4 23.5 23.9 24.5 24.9 39 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 5. LONU-TE RM DEBT DEBT OUTSTANDING (LDOD) 6,069 46,619 155,365 151,349 158,897 175,576 184,174 178,255 171,070 175,956 Public and publicly guaranteed 5,761 42,053 149,963 146,250 153,811 165,383 174,183 169,842 163,273 168,502 Official creditors 4,190 25,705 116,090 118,106 120,461 130,819 137,520 135,549 130.627 134,392 Multilateral 869 7,601 41,685 43,364 46.299 51,357 54,864 54,880 53,69S 56,288 Concessional 240 3,983 26,775 28,469 31,126 35,574 39,065 40,690 41,332 44,932 Bilateral 3,321 18,104 74,406 74,743 74,162 79,462 82,656 80,669 76,932 78,104 Concessional 2,955 12,393 36,659 37,872 38,873 40,591 42,187 42,654 42,088 42,974 Private creditors 1,571 16,348 33,873 28,144 33,350 34,564 36,663 34,293 32,646 34,110 Bonds 352 637 564 2,813 2,744 4,271 4,784 5,048 7,930 8,618 Commercial banks 128 7,784 14,061 8,203 11,847 12,316 13,621 15,545 12,376 12,905 Other private 1,090 7,927 19,248 17,128 18,759 17,977 18,258 13.700 12,340 12,587 Private nongusaranteed 309 4,567 5,402 5,099 5,086 10,193 9,991 8,414 7,798 7,454 Bonds 0 0 0 0 0 350 600 1,245 1,609 Commercial banks .. 4.567 5,402 5,099 5,086 10,193 9,641 7,814 6,553 5,845 Memo: IBRD 587 2,548 9,033 8,427 8,185 8,072 7,641 6,381 5,302 4,800 IDA 226 2,578 17,860 19,284 21,474 25,164 27,942 29,540 30,313 32,637 DISBURSEMENTS 1,235 10,582 8,902 9,105 8,520 10,908 10,969 8,667 9,742 8,683 Public and publicly guaranteed 1,135 9,399 8,394 8,562 8,055 10,063 10,220 7,686 7,924 7,286 Official creditors 669 4,252 6.684 6,912 6,570 6.272 5,835 5,116 4,882 4,770 Multilateral 150 1,682 4,644 4,793 4,675 5,006 4,243 4,172 4,078 3,952 Concessional 72 860 2,845 3,022 3,180 3,705 3,192 3,376 3,311 3,082 Bilateral 518 2,571 2,040 2,119 1,895 1,266 1,592 945 803 818 Concessional 441 1,697 1.664 1,814 1,689 1,125 1,453 810 659 698 Private creditors 466 5,147 1.710 1,650 1,485 3,791 4,385 2,570 3,042 2,516 Bonds 13 52 242 289 0 1,510 541 632 831 635 Commercial banks 16 2,336 590 473 620 1,430 1,633 682 930 942 Other private 437 2,759 878 887 866 850 2,211 1,255 1,281 939 Private nonguaranteed 101 1,183 507 544 466 845 749 982 1,818 1,397 Bonds 0 0 0 0 0 350 250 645 364 Commercial banks 1,183 507 544 466 845 399 732 1,173 1,033 Memo: IBRD 75 400 676 540 516 392 274 229 263 160 IDA 61 424 1,984 2,085 2,231 2.889 2,395 2,586 2,400 2,110 PRINCIPAL REPAYMENTS 393 2,795 4,298 4,944 3,466 6,598 7,065 8,691 7,952 6,715 Public and publicly guaranteed 336 2,203 3,828 4,514 3,022 5,149 5,820 6,933 5,919 4,974 Official creditors 171 671 2,463 2,043 2,199 2,643 2,999 3,335 3,036 3,398 Multilateral 33 198 1,611 1.508 1,596 1,988 2,033 2,000 1,972 2,361 Concessional 0 30 317 311 343 396 439 459 467 812 Bilateral 137 473 852 536 603 655 966 1,335 1,064 1,037 Concessional 109 217 301 277 422 321 443 432 641 577 Private creditors 166 1,532 1,365 2,470 823 2,507 2,822 3,598 2,882 1,576 Bonds 27 24 27 52 30 37 40 296 283 100 Commercial banks 10 721 543 1,691 381 1,329 1,245 1,652 1,468 560 Other private 129 787 795 727 413 1,140 1,536 1,650 1,131 916 Private nonguaranteed 57 592 469 430 444 1,449 1,245 1,758 2,034 1,741 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks 592 469 430 444 1,449 1,245 1,758 2,034 1,741 Memo: IBRD 29 III 968 862 913 1,063 1,056 950 834 747 IDA 0 5 62 74 86 102 120 140 154 367 NET FLOWS ON DEBT 842 7,787 4,604 4,162 5,055 4,310 3,903 -24 1,790 1,968 Public and publicly guaranteed 799 7,197 4,566 4,048 5,033 4,914 4,400 753 2,005 2,312 Official creditors 498 3,581 4,221 4,868 4,371 3,630 2,836 1,781 1,845 1,372 Multilateral 117 1,484 3.033 3.285 3,080 3,018 2,211 2.171 2,106 1,591 Concessional 72 830 2,528 2.710 2,838 3,309 2,753 2,917 2,844 2,270 Bilateral 381 2,098 1,188 1,584 1,291 612 625 -390 -261 -219 Concessional 333 1,480 1,362 1,537 1,267 804 1,011 378 19 121 Private creditors 300 3,615 345 -820 662 1,284 1.564 -1,028 160 940 Bonds -14 28 215 237 -30 1.473 501 336 548 535 Commercial banks 6 1,615 47 -1,218 239 101 388 -969 -538 382 Other- private 308 1,972 83 160 453 -290 675 -395 150 23 Private nonguaranteed 44 590 38 114 22 -604 -496 -777 -216 -344 Bonds ..0 0 0 0 0 350 250 645 364 Commercial banks .. 590 38 114 22 -604 -846 -1,027 -861 -708 Memo: IBRD 46 289 -292 -322 -397 -671 -782 -721 -571 -587 IDA 61 419 1,922 2.011 2,145 2,788 2,275 2,446 2,246 1,743 40 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 194 2,381 4,428 3,852 2,698 3,960 3,989 4,802 3,796 4,099 Public and publicly guaranteed 178 1,930 4,114 3,548 2,428 3,441 3,485 4,313 3,381 3,636 Official creditors 114 692 2,891 2,232 1,951 2.024 2,013 2.666 2,076 2,010 Multilateral 35 286 1,443 1,218 1,210 1,392 1,242 1,374 1,218 1,192 Concessional 1 29 197 208 217 241 254 302 305 277 Bilateral 79 407 1,448 1,014 742 631 771 1,292 858 818 Concessional 61 210 327 596 546 362 362 492 456 456 Private creditors 65 1,238 1,223 1,316 477 1,418 1,471 1,646 1,305 1,626 Bonds 12 13 11 10 121 189 322 336 348 547 Commercial banks 8 857 590 724 79 328 457 561 594 745 Other private 45 368 622 583 277 900 692 749 363 334 Private nonguaranteed 16 451 314 304 271 519 505 489 415 463 Bonds ..0 0 0 0 0 0 25 99 81 Commercial banks .. 451 314 304 271 519 505 465 316 382 Memo: IBRD 32 217 925 680 686 695 630 527 407 415 IDA 1 16 124 132 139 149 179 186 192 274 NET TRANSFERS ON DEBT 649 5,406 176 310 2,357 350 -86 -4,826 -2,006 -2,131 Public and publicly guaranteed 620 5,266 452 500 2,605 1,473 915 -3,560 -1,376 -1,324 Official creditors 384 2,889 1,331 2,637 2.420 1,606 823 -885 -231 -638 Multilateral 83 1,198 1,590 2,067 1.870 1,626 968 797 888 399 Concessional 71 802 2,331 2,503 2,621 3,068 2,499 2,615 2,539 1,993 Bilateral 302 1,691 -260 570 550 -20 -146 -1.682 -1,118 -1,037 Concessional 272 1,271 1,035 941 722 442 649 -114 -437 -335 Private creditors 236 2,377 -878 -2,136 185 -134 93 -2,674 -1,145 -686 Bonds -26 15 204 228 -151 1,284 179 1 200 -12 Commercial banks -2 758 -543 -1.942 161 -227 -69 -1,531 -1,132 -363 Other private 263 1,604 -539 -423 176 -1,190 -17 -1,144 -213 -311 Private nonguaranteed 28 140 -276 -191 -249 -1,123 -1,001 -1,266 -631 -807 Bonds ..0 0 0 0 0 350 226 546 283 Commercial banks .. 140 -276 -191 -249 -1.123 -1,351 -1.492 -1,177 -1,090 Memo: IBRD 14 72 -1,216 -1,002 -1,084 -1,366 -1.412 -1,248 -978 -1,002 IDA 60 403 1,799 1.879 2,007 2,639 2.096 2,261 2,054 1,469 DEBT SERVICE (LTDS) 587 5,176 8,725 8,796 6,164 10,558 11,055 13,493 11,748 10,814 Public and publicly guaranteed 514 4,133 7,942 8,061 5,450 8,590 9,305 11,245 9,299 8,610 Official creditors 284 1,363 5,354 4,275 4,150 4,666 5.012 6,001 5.112 5,408 Multilateral 68 483 3,054 2,726 2,805 3.380 3,275 3,375 3,191 3,553 Concessional 1 59 514 519 559 637 693 761 772 1,089 Bilateral 216 880 2,300 1,~549 1,345 1,286 1,737 2,627 1.922 1,855 Concessional 169 426 628 874 968 683 805 925 1,096 1,~033 Private creditors 230 2,769 2,588 3,786 1,300 3,924 4,293 5.244 4,187 3,202 Bonds 38 37 39 61 151 226 362 632 631 647 Commercial banks 18 1,577 1,133 2,415 459 1,657 1,703 2.213 2.062 1,305 Other private 174 1.155 1,416 1,310 690 2.041 2,228 2,399 1.494 1.250 Private nonguaranteed 72 1,043 784 734 714 1,968 1,750 2,248 2,449 2,204 Bonds ..0 0 0 0 0 0 25 99 81 Commercial banks .. 1,043 784 734 714 1,968 1,750 2,223 2,350 2J123 Memo: IBRD 61 328 1,892 1,542 1,599 1,758 1,686 1,477 1.241 1,162 IDA 1 22 186 206 225 251 299 326 346 641 UJNDISBURSED DEBT 2,736 20,822 34,408 33,520 31,979 30,775 28,713 24,213 21,681 Official creditors 2,281 14,346 30,965 30,697 29,196 27.958 25,891 22.122 18,670 Private creditors 455 6.476 3.444 2,823 2,783 2.817 2,822 2,091 3,011 Memorandum items Concessional LDOD 3,195 16.376 63,434 66,341 70.000 76,165 81,252 83,344 83.420 87,906 Variable rate LDOD 356 11,866 29,715 24,403 28,251 34,759 35,780 32,279 30,045 Public sector LDOD 5,700 41,676 149,601 145,878 153,384 164,929 173,653 169,301 162,790 Private sector LDOD 370 4,939 5,762 5,468 5,507 10,638 10,493 8,892 8,221 6. CL'RREN%(X COMIPOSIT-ION 01' LONG-TERM DEBTI WERCENT1I Deutsche mark 6.6 7.0 6.6 5.8 5.2 5.7 5.7 5.2 4.6 French franc 14.5 13.9 14.2 14.3 13.0 12.7 12.9 12.3 10.6 Japaniese yeni 0.1 5.4 4.5 4.8 5.1 5.4 5.4 5.0 4.9 Pound sterling 22.5 5.7 5.4 4.3 3.9 3.8 3.6 3.9 3.8 Swiss franc 0.3 1.7 2.1 1.9 1.8 1.6 1.7 1.5 1.4 U.S. dollars 21.5 35.4 35.9 36.7 40.2 40.6 41.1 43.1 46.9 Multiple currency 11.2 8.8 10.5 10.8 10.5 10.3 10.0 9.4 8.9 Special drawing rights 0.0 0.0 0.7 0.8 0.9 1.0 1.0 1.1 1.1 All other currencies 23.4 22.1 20.2 20.7 19.4 18.9 18.7 18.5 17.9 41 SUB-SAHARAN AFRICA (US$ million, unless otherwise indicated) Preliminary 1970 1980 199] 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESTRELICTlRINGS Total amount rescheduled .. 444 4,313 5,974 859 6,308 3.039 4,557 6,449 Debt stock rescheduled .. 0 40 2,059 1 74 144 198 2 Principal rescheduled .. 269 2,645 2,028 534 3,111 1,657 2,828 2,127 Official .. 120 1,222 1,278 341 1,825 1,154 1,450 1,763 Private .. 149 1,424 750 194 1,286 503 1,378 364 Interest rescheduled .. 63 1,223 1,082 257 2,194 698 1,041 2,216 Official .. 31 907 678 207 1,815 594 755 1,286 Private .. 31 316 404 50 379 105 286 930 Principal forgiven 194 843 671 842 3,467 1,267 3,997 532 Memo: interest forgiven .. 0 168 99 131 429 214 165 267 Debt stock reduction .. 0 335 3,536 172 460 361 1,379 4,813 of which debt buyback .. 0 31 1,335 17 8 29 302 169 8. DF Br STOCK-FLOIcW RECONC ILlATION Total change in debt stocks .. 11,671 6,543 -753 12,181 24,297 14,054 -4,194 -10,112 Net flows on debt .. 10,080 4,119 5,375 5,964 10,178 7,320 2,427 4,552 Net change in interest arrears .. 318 1,499 2,306 3,762 1,671 2,095 -442 -1,885 Interest capitalized .. 63 1,223 1,082 257 2,194 698 1,041 2,216 Debt forgiveness or reduction .. -194 -1,148 -2,872 -996 -3,919 -1,599 -5,074 -5,176 Cross-currency valuation .. -1,096 -557 -5,269 -2,277 6,774 4,419 -4,756 -7,161 Residual .. 2,500 1,407 -1,375 5,472 7,399 1,121 2,611 -2,657 9i. AVE ER( E I:ERNIS OF NE % COMNIITNIENTS ALL CREDITORS Interest (%) 3.7 7 4.2 3.5 3.2 4 3.8 3.3 3.9 Maturity (years) 25.7 17.4 26.1 27.4 26.9 22 22.2 25.7 22.1 Grace period (years) 9.4 5.1 6.9 7.4 7.6 6.1 5.4 6.9 6.2 Grant element (%) 47.7 21.8 44.4 49.9 51.3 42.1 42.1 49.1 39.7 Official creditors Interest (%) 2 4.1 3.6 2.8 2.6 2.4 1.8 1.6 1.4 Maturity (years) 34.8 25.2 29.1 30.8 31.3 31.6 32.3 34.2 38.5 Grace period (years) 13.8 6.9 7.8 8.2 8.9 8.4 8.9 9.1 9.4 Grant element (%) 67.7 42.8 51 57.2 60.2 61.4 66.3 69.4 72.7 Private creditors Interest (%) 6.6 10 8.2 7.9 6 6.3 5.8 6.1 6 Maturity (years) 10.2 9.4 8.2 5.8 7.8 7.9 12.1 12.1 8.7 Grace period (years) 1.8 3.3 1.9 2.4 2.2 2.8 1.8 3.4 3.5 Grant element (%) 13.3 0.2 5.8 5.1 12.5 13.5 17.7 16.8 12.7 Memorandum items Commitments 1,890 13,319 9,738 9,785 7,701 9,424 9,093 6,616 8,133 Official creditors 1,194 6,753 8,317 8,424 6,259 5,618 4,561 4,063 3,665 Private creditors 696 6,567 1,421 1,362 1,441 3,806 4,532 2,554 4,467 IlU. GRXPH Ot AGIGREG AI E NET RESO9 RCE ELOQS (current prices, US$ million) Aggregate Net Resource Flows Private Flows F Official Flows 30000 - 1998 g .'rrr 1998 25000 - 1997 >i ,r 1 199s .. . . 1996 20000 - - _ 1995 - -- .-.-1995 1 5000 t 1994 1994 10000 - 1993 - 1993 - 5000 - 1992 1992 -- 1991 .. . 1991 - 0-. I_i- __ _____ 1991 1992 1993 1994 1995 1996 1997 1998 -4000 -2000 0 2000 4000 6000 8000 10000 -5000 0 5000 10000 15000 u Private flows P Official flows Private non-debt flows E Private debt flows * Multilateral r Bilateral P Grants 42 LOW-INCOME COUNTRIES (US$ million, uinless othierwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 I. itUlIMARN DJEBT DAT A TOTAIL DEBT STOCKS (EDT) . 101,945 360,368 369,142 382,122 407,571 411,401 402,467 387,326 405,124 Long-term debt (LDOD) 1.7,339 82,629 309,890 313,158 327,996 351,666 351,977 342,518 334,546 349,493 Public and publicly guaranteed 16,907 77.541 302,615 306,125 320,161 339,261 338.853 328,744 318,237 332,694 Private nonguaranteed 433 5,088 7,275 7,033 7,835 12.406 13.124 13,774 16,309 16,799 Use of IMF credit 179 5,310 12,010 13,298 13,563 14,467 13,666 12,435 11,097 11,594 Short-term debt . 14,006 38,469 42,687 40,564 41,437 45,758 47,514 41,683 44,037 of which interest arrears on LDOD .. 1,724 14.253 17,062 20,827 23,756 25.559 24,340 2-0,806 20,771 Official creditors .. 1,612 9,769 12,465 15,497 18,066 20,267 19,795 17,923 Private creditors .. 112 4,484 4,597 5,330 5,690 5,292 4,545 2,882 Memo: principal arrears on LDOD .. 1,764 29,599 36,571 43,679 51,561 58,303 56,654 49,368 49.273 Official creditors .. 1.046 18,466 24,876 30,174 37,149 43,583 44,399 41,466 Private creditors .. 718 11,132 11,696 13,506 14,412 14,720 12,255 7,902 Memo: export credits .. 48 59,577 57,973 56,266 54,613 55,614 56.412 58,019 TOTAL DEBT FLOWS Disbursements 2,752 19,010 22,246 24,087 23,264 23,241 23,861 21,735 25,557 24,328 Long-term debt 2,717 16,197 19,844 21,698 22,179 21,567 20,199 20,446 24,385 22,787 IMF purchases 35 2,812 2,402 2,389 1,085 1.674 3,663 1,290 1,172 1,541 Principal repayments 1,164 4,598 10,215 11,196 10,556 14,740 19,514 17,699 17,508 15,451 Long-term debt 859 3,894 8,928 10,103 9,665 12,976 15,104 15,639 15,721 13,923 IMF repurchases 305 704 1,287 1.094 891 1,764 4,410 2,060 1,787 1,528 Net flows on debt 2,751 17,376 11,031 14,300 6,872 6,816 7,394 7,011 9,046 11,266 of which short-termn debt .. 2,964 -1,000 1,409 -5,837 -1,685 3,046 2,975 997 2,389 Interest payments (INT) 4,683 11,288 9,890 9,017 9,927 10,510 10,716 9,325 11,019 Long-term debt 471 3,236 9.094 8,193 7,507 8,667 8,663 9,443 7,911 8,733 IMF charges 0 153 482 505 506 418 781 269 198 176 Short-term debt .. 1,295 1,712 1,192 1,005 841 1,066 1,004 1,217 2.110 Net transfers on debt .. 12,693 -256 4,410 -2,145 .3,111 -3,116 -3,705 -279 247 Total debt service (TDS) .. 9,281 21,502 21,086 19,573 24,667 30,023 28,415 26,833 26,470 Long-term debt 1,330 7,130 18,021 18,296 17,172 21,644 23,766 25,082 23,632 22,656 IMF repurchases and charges 305 857 1,770 1,599 1,397 2.182 5,192 2,330 1,984 1.704 Short-term debt (interest onily) .. 1,295 1,712 1,192 1,005 841 1.066 1,004 1,217 2,110 2. VA(.RFCA IE ET' RFSOL'R( E FLO)%tS AN D NET TR ANSFERS ILONG-TrER.NM NET RESOURCE FLOWS 3,121 19,455 31,148 30,751 32,995 38,410 32,571 36,010 36,588 34,122 Net flow of long-term debt (ex. IMF' 1,858 12,304 10,917 11,596 12,514 8,591 5,095 4,807 8,664 8,864 Eoreign direct investment (net) 187 67 3,072 3,247 4,827 5,507 7.270 9,319 10,622 10,590 Portfolio equity flows 0 0 33 380 2,112 7,054 2.743 5,747 2,373 404 Grants (excluding technical coop.) 1,076 7,084 17,127 15,529 13.542 17,259 17,463 16,137 14,929 14,264 Memo: technical coop. grants 924 3,588 6,724 7,463 7,414 6,841 7,603 7,581 6.936 7,297 official net resource flows 2,573 13,944 26,236 25,737 21,811 25,347 21,291 21,391 19.566 18,878 private net resource flows 548 5.511 4,912 5.014 11.184 13,063 11,280 14,618 17,022 15,244 NET TRANSFERS 1,870 13,590 20,980 21,371 24,257 28,467 22,603 25,135 27,019 23,567 Interest on long-term debt 471 3,236 9.094 8,193 7,507 8,667 8,663 9,443 7,911 8,733 Profit remittances on EDI 780 2,629 1,074 1.188 1.232 1,276 1,305 1,431 1,658 1,822 Memo: official net transfers 2,228 12,561 20,763 21,071 17.085 20,192 16,139 15,841 14,686 14,211 private net transfers -358 1,030 217 300 7.171 8,275 6,464 9,294 12,333 9.356 3. UAJOR EC ONOMIC %CGRE(.ATE-_ Gross national product (GNP) 201,786 412,016 608,465 559.147 563,289 584,916 680.873 757,191 813,029 845,726 Exports of goods & services (XGS) 15,473 89,834 100,231 98,754 102,113 112,625 138,587 154,696 159,216 148,396 of which workers' remittances 440 8,754 7,873 7,095 8,678 10,374 13,049 15,880 16,822 17,364 Imports of goods & services (MGS) 19,133 100,445 124,845 124,994 133,552 145,953 177,283 186,597 193,362 189,700 International reserves (RES) 3.365 30,033 21,168 19,901 27.199 40,835 39,814 43.687 47,831 50,046 Current account balance -1,699 -8,077 -13,864 -14,484 -15,173 -12,590 -20,423 -13,811 -9.760 -22,882 4. DESB [NDR .%'FORS EDT! XGS (% . 113.5 359.5 373.8 374.2 361.9 296.9 260.2 243.3 273.0 EDT /GNP ().. 24.7 59.2 66.0 67.8 69.7 60.4 53.2 47.6 47.9 TDS /XGS (% . 10.3 21.5 21.4 19.2 21.9 21.7 18.4 16.9 17.8 INT / XGS (% . 5.2 11.3 10.0 8.8 8.8 7.6 6.9 5.9 7.4 INT/GNP(% . 1.1 1.9 1.8 1.6 1.7 1.5 1.4 1.1 1.3 RES /EDT (% . 29.5 5.9 5.4 7.1 10.0 9.7 10.9 12.3 12.4 RES / MGS (months) 2.1 3.6 2.0 1.9 2.4 3.4 2.7 2.8 3.0 3.2 Short-term /EDT (%) .. 13.7 10.7 11.6 10.6 10.2 11.1 11.8 10.8 10.9 Concessional / EDT (% . 45.9 46.6 47.4 48.0 48.8 49.0 48.3 44.9 45.2 Multilateral / EDT (%) .. 17.7 24.1 25.0 26.1 27.5 28.3 29.1 30.1 30.5 43 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) Preliminarv 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 5. LONG-I ERNI DEBI DEBT OUTSTANDING (LDOD) 17,339 82,629 309,890 313,158 327,996 351,666 351,977 342,518 334,546 349,493 Public and publicly guaranteed 16,907 77,541 302,615 306,125 320,161 339,261 338,853 328,744 318,237 332,694 Official creditors 14,677 58,459 239,109 247,392 257,841 280,167 282,820 275,183 259,551 269,160 Multilateral 3,121 18,007 86,779 92,182 99.582 112,250 116,511 117,050 116,468 123,470 Concessional 1,617 12,622 58,096 61,995 66,869 76,2_22 81,524 84,733 86,832 93,716 Bilateral 11,556 40,452 152,330 155_210 158,260 167,917 166,309 158,133 143,084 145,690 Concessional 10,450 34,204 109,731 113,116 116,634 122,861 120,073 109,575 87,076 89,351 Private creditors 2,229 19.083 63,507 58,733 62,320 59,094 56,033 53,561 58,686 63,534 Bonds 340 634 4,898 6,815 6,747 6,775 6,474 4,164 8,020 7,863 Commercial banks 200 9,517 32.444 27,531 29,686 25,413 24,604 30,062 34,668 40,162 Other private 1,690 8,932 26,165 24,387 25,887 26,906 24,956 19,335 15,998 15,509 Private nonguaranteed 433 5,088 7,275 7,033 7,835 12,406 13,124 13,774 16,309 16,799 Bonds .. 0 0 0 794 1,203 1,065 2,728 4,097 3,948 Commercial banks .. 5,088 7,275 7,033 7.041 11,203 12,059 11,046 12,212 12,851 Memo: IBRD 1,444 3,882 19,976 20,138 21,368 22,879 21,394 19,037 17,291 16,686 IDA 1,582 9,963 41,514 44,687 48,283 55,217 58,944 61,719 63,490 68,466 DISBURSEMENTS 2,717 16,197 19,844 21,698 22,179 21,567 20,199 20,446 24,385 22,787 Public and publicly guaranteed 2,579 14,644 18,909 20,372 20,271 19,883 17,860 17,989 21,477 20,879 Official creditors 1,983 8,491 14,583 15,297 14,050 15,212 13,078 13,809 14.511 13,254 Multilateral 372 3,339 9,685 9,665 9,333 10,569 9,113 10,006 9,834 9.246 Concessional 166 2,237 5,323 5,840 5,385 7,111 6.211 7J192 6,825 6,606 Bilateral 1,611 5,152 4,898 5,632 4,717 4,643 3,965 3,804 4,678 4,008 Concessional 1,427 4,058 3.978 4,773 3,723 3,503 3,464 2,866 3,131 2,748 Private creditors 596 6.153 4,326 5,076 6,221 4.671 4,782 4,179 6,966 7,625 Bonds 6 52 1,619 0 152 150 86 425 1,000 0 Commer-cial banks 44 2,999 1,107 2,965 2.649 1.495 2,894 2.293 3,631 6,292 Other private 547 3,101 1,600 2.111 3,420 3.026 1.803 1,461 2,335 1,333 Private nonguaranteed 138 1,554 936 1,326 1,908 1,684 2,339 2,457 2,908 1,908 Bonds .. 0 0 0 794 412 520 1,035 1,371 0 Commercial banks .. 1.554 936 1,326 1,114 1,272 1,819 1,422 1,537 1,908 Memo: IBRD 195 608 2.321 1,760 2,101 1,475 1,179 1,274 1,282 870 IDA 145 1,437 3,651 4.158 3,721 5J101 4,184 5,048 4,704 4,489 PRINCIPAL REPAYMENTS 859 3,894 8,928 10,103 9,665 12,976 15,104 15,639 15,721 13,923 Public and publicly guaranteed 773 3,160 8,132 9,238 8,551 11,995 14,286 14,524 14,813 12,505 Official creditors 486 1.631 5,474 5,088 5,781 7,124 9.250 8,555 9,874 8,640 Multilateral 98 354 2,907 2,835 3,252 3,990 4,473 4,164 4.214 4,535 Concessional 1 58 684 681 764 883 1,019 1,041 1.101 1,461 Bilateral 388 1,277 2,567 2,253 2.529 3,134 4,777 4,392 5,660 4,105 Concessional 273 958 1,643 1,662 1,826 2,260 3,554 2,767 4,090 2.131 Private creditors 288 1,528 2,658 41150 2,770 4,871 5,036 5,969 4.939 3,865 Bonds 26 24 266 258 368 434 355 1,293 62 297 Commercial banks 30 615 933 2,324 1,168 2.135 2,512 2.436 2.366 1.460 Other private 232 890 1,459 1.567 1,233 2,302 21169 2),240 2.510 2,108 Private nonguaranteed 86 734 796 865 1,114 981 818 1,115 908 1,418 Bonds .. 0 0 0 0 0 0 0 0 149 Commercial banks .. 734 796 865 1L114 981 818 1.115 908 1.269 Memo: IBRD 92 207 1,709 1,636 1,845 2,085 2,232 2,060 1,878 1,785 IDA 0 25 256 288 330 381 459 496 533 129 NET FLOWS ON DEBT 1,.858 12,304 10,917 11,596 12,514 8,591 5,095 4,807 8,664 8,864 Public and publicly guaranteed 1,806 11,484 10,777 11,135 11,720 7,887 3.574 3,464 6,665 8,374 Official creditors 1,497 6,860 9,109 10,209 8,269 8,088 3.828 5,254 4.637 4.614 Multilateral 274 2,985 6,778 6,829 6,081 6,579 4,640 5,842 5,620 4,711 Concessional 166 2,180 4,639 5,159 4,622 6,228 5,192 6,151 5,725 5,145 Bilateral 1,223 3,874 2,331 3,379 2.188 1.509 -811 -588 -983 -97 Concessional 1,154 3,100 2,335 3,112 1.897 1,243 -89 99 -960 617 Private creditors 309 4,625 1,668 926 3,451 -200 -254 -1,790 2,028 3,760 Bonds -20 29 1,353 .258 -216 -284 -269 -868 938 -297 Commercial banks 14 2,384 174 640 1,481 -640 382 -144 1,265 4,832 Other private 315 2,212 141 544 2,186 724 -367 .778 .175 -775 Private nonguaranteed 53 819 140 461 794 703 1,521 1,343 2,000 490 Bonds .. 0 0 0 794 412 520 1,035 1,371 -149 Commercial hack.- . 19 140 461 0 291 1,001 308 629 639 Memo: IBRD 103 401 612 124 256 -609 -1,053 -786 -596 -915 IDA 144 1,412 3,395 3,870 3,391 4,720 3,725 4.552 4,171 4,360 44 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 471 3,236 9,094 8,193 7,507 8,667 8,663 9,443 7,911 8,733 Public and publicly guaranteed 448 2,732 8,636 7,730 7,035 7,947 7,755 8,661 7,352 7,760 Official creditors 345 1,383 5,473 4,666 4,726 5,155 5,152 5,550 4,879 4,667 Multilateral 93 510 2,841 2,611 2,709 3,056 3,010 3,114 2,785 2,771 Concessional 11 100 466 479 510 580 631 666 677 579 Bilateral 253 873 2,632 2,056 2,017 2,099 2,142 2,436 2,095 1,896 Concessional 195 657 1,354 1,579 1,612 1,555 1,455 1,430 1,346 1,213 Private creditors 103 1,349 3,163 3,064 2,310 2,793 2,604 3,111 2,472 3,093 Bonds 11 13 207 240 379 360 333 736 274 572 Comnmercial banks 13 916 2,035 1,931 1,319 1,103 1,193 1,349 1,573 1,987 Other private 79 420 921 894 612 1,330 1,078 1,026 625 534 Private nonguaranteed 23 504 458 463 471 720 907 782 560 973 Bonds 0 0 0 1 21 58 91 170 264 Comnmercial banks 504 458 463 471 700 849 692 390 709 Memo: IBRD 79 331 1,871 1,581 1,620 1,688 1,644 1,613 1,245 1,131 IDA 10 66 293 310 326 354 414 418 429 441 NET TRANSFERS ON DEBT 1,387 9,068 1,823 3,403 5,008 -77 -3,568 -4,636 753 131 Public and publicly guaranteed 1,357 8,753 2,141 3,404 4,685 -60 -4,181 -5,197 -687 614 Official creditors 1,152 5,477 3,636 5,543 3.543 2,933 -1,323 -296 -242 -53 Multilateral 182 2,475 3,937 4,219 3,373 3,523 1,630 2,728 2,835 1,940 Concessional 155 2,079 4,173 4,679 4,112 5,648 4,561 5,485 5,048 4,566 Bilateral 970 3,002 -301 1,324 171 -590 -2,954 -3,024 -3,077 -1,993 Concessional 959 2,443 981 1,533 285 -312 -1,545 -1,330 -2,306 -596 Private creditors 206 3,276 -1,495 -2,138 1,141 -2,993 -2,858 -4,901 -445 667 Bonds -31 16 1,146 -498 -595 -644 -602 -1,604 664 -869 Commercial banks 1 1,468 -1,861 -1,290 162 -1,743 -810 -1,493 -308 2,845 Other private 236 1,792 -780 -350 1,575 -606 -1,445 -1,804 -801 -1,309 Private nonguaranteed 30 315 -318 -2 323 -17 613 560 1,440 -483 Bonds 0 0 0 793 392 462 944 1,201 -413 Commercial banks 315 -318 -2 -471 -409 152 -384 239 -70 Memo: IBRD 23 70 -1,259 -1,457 -1,364 -2,297 -2,697 -2,399 -1,841 -2,046 IDA 134 1,347 3,101 3.561 3,065 4,366 3,311 4,134 3,743 3,919 DEBT SERVICE (LTDS) 1,330 7,130 18,021 18,296 17,172 21,644 23,766 25,082 23,632 22,656 Public and publicly guaranteed 1,222 5,891 16,768 16,968 15,586 19,942 22,041 23,185 22,165 20,265 Official creditors 831 3,014 10,947 9,754 10,507 12,279 14,402 14,105 14,753 13,307 Multilateral 191 864 5,748 5,446 5,961 7,046 7,483 7,278 6,999 7,306 Concessional 12 158 1,150 1,160 1,274 1,463 1,650 1,707 1,778 2,040 Bilateral 641 2,150 5,199 4,308 4,546 5,233 6,919 6,827 7,755 6,001 Concessional 468 1,615 2,998 3,240 3.438 3,815 5,009 4,197 5.437 3,344 Private creditors 391 2.877 5,821 7,214 5,079 7,664 7,640 9,080 7,411 6,958 Bonds 37 36 473 498 747 794 688 2,029 337 869 Commercial banks 43 1.531 2,968 4,255 2,487 3,238 3,704 3,786 3,939 3,447 Other private 311 1,310 2,380 2,461 1,845 3,632 3,248 3,265 3,136 2,642 Private nonguaranteed 108 1,239 1,254 1,328 1,586 1,701 1,725 1,897 1,468 2,391 Bonds .. 0 0 0 1 21 58 91 170 413 Comfmercial banks _ 1,239 1,254 1,328 1,585 1,680 1.667 1,806 1,298 1,978 Memo: IBRD 171 538 3,580 3,217 3,465 3,773 3,876 3,673 3,123 2,916 IDA 11 90 550 597 656 735 873 914 962 570 UNDISBURSED DEBT 6,218 37,808 76,488 73,673 73,551 73,884 71,164 65,562 57,709 Official creditors 5,374 29,707 69,997 66,859 66,035 67,307 65,647 60,339 54,073 - Private creditors 844 8,101 6,491 6,814 7,516 6,577 5,517 5,224 3,636 - Memorandum items Concessional LDOD 12,068 46,826 167,827 175,111 183,503 199,083 201,597 194,308 173,908 183,067 Variable rate LDOD 479 13,389 48,883 45,361 49,785 57,043 57,439 58,583 63,864 Public sector LDOD 16,423 75,362 296,358 299,791 313,885 332,794 332,453 322,286 309,185 Private sector LDOD 917 6,073 8,370 8,103 8,905 13,495 14,206 15,017 17,392 6. CURRENCY'COIPOSi[TiON OF LON(;-T ERMN DEBT' PERCLNTi Deutsche mark 8.6 7.3 5.6 5.1 4.7 5.2 5.3 4.9 4.4 French franc 5.6 7.8 7.2 7,1 6.5 6.5 6.9 6.6 5.7 - Japanese yen 3.5 7.2 7.9 8.8 9.7 10.9 10.0 9.2 8.8 - Pound sterling 21.9 10.5 4.4 3.7 3.4 3.2 3.1 3.2 3.2 Swiss franc 0.4 1.0 1.2 1.1 1.0 1.0 1.1 1.0 0.9 U.S. dollars 36.2 38.8 39.8 40.2 41.2 39.4 39.6 41.4 50.2 - Multiple currency 9.5 8.5 11.5 12.0 12.4 13.2 13.2 12.9 12.3 Special drawing rights 0.0 0.0 0.7 0.7 0.8 0.9 1.0 1.1 1.2 All other currencies 14.4 17.3 20.0 19.7 18.6 18.0 18.1 18.0 11.6 45 LOW-INCOME COUNTRIES (US$ million, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 7. DEBT RESI RL.CI UlRJNCS Total amount rescheduled .. 1,202 9,013 6,437 2,308 4,787 3,521 6,096 8,366 Debt stock rescheduled .. 0 1,946 2,059 72 0 369 1,232 467 Principal rescheduled .. 269 4,496 2,269 1,033 2,378 1,911 3,434 3,038 Official .. 120 3,039 1,388 504 1.442 1,260 2,005 1,987 Private .. 149 1,458 880 528 936 651 1,429 1,051 Interest rescheduled .. 63 1,716 1,253 453 1.761 854 1,280 2,577 Official .. 31 1,367 726 304 1,450 693 979 1,310 Private .. 31 350 527 149 312 161 300 1,267 Principal forgiven .. 201 2,089 694 851 3,286 1,813 4,023 2,908 Memo: interest forgiven .. 0 394 106 152 429 986 1,091 610 Debt stock reduction .. 0 542 3,556 172 468 1,706 4,445 5,177 of which debt buyback 0 [90 1,335 17 8 149 302 200 b. DEBTI' STO( K-FL OV RLCOtNCILLIATION Total change in debt stocks .. 18,480 11,915 8,774 12,980 25,449 3,830 -8,934 -15,141 Net flows on debt .. 17,376 11,031 14,300 6,872 6,816 7,394 7,011 9,046 Net change in interest arrears .. 282 1,247 2,809 3,765 2,930 1,803 -1,219 -3,535 Interest capitalized .. 63 1,716 1,253 453 1,761 854 1,280 2,577 Debt forgiveness or reduction .. -201 -2,441 -2,916 -1,005 -3,747 -3,370 -8,166 -7,885 Cross-currency valuation .. -782 842 -4,127 254 15,195 -125 -10,385 -10,616 Residual .. 1,743 -480 -2,545 2,643 2,494 -2,724 2,545 -4,728 Y. %XER %GE TERMS OF NFU%I (ONI lT1 FTNTIS ALL CREDITORS Interest (%) 3.2 6 4.6 3.9 4.1 3.3 3.3 3.5 3.9 Maturity (years) 28.9 23.5 24.4 25.1 23 26.8 26.5 25 24.6 Grace period (years) 9.6 6.2 7 7.2 6.5 7.6 7.7 7.4 6.6 Grant element (%) 53.6 33 41.6 45.1 42 51.9 51.8 48 43.9 Official creditors Interest (%) 2.1 3.2 3.7 3 2.9 2.8 2.7 2.8 2.9 Maturity (years) 34.5 31.7 28 29.3 28.6 29.2 29.7 30.3 30.5 Grace period (years) 12 7.9 7.7 7.8 7.9 8.2 8.6 8.4 8.2 Grant element (%) 65.5 53.8 49.8 54.8 55.4 57 58.5 57.3 56.8 Private creditors Interest (%) 6.5 10.5 8.7 6.8 7 6.7 6.4 5.5 6.6 Maturity (years) 10.3 9.7 8.1 11.3 9.9 8.5 7.2 7.9 10.3 Grace period (years) 1.9 3.3 4 5.2 3.1 2.9 2 4.1 2.6 Grant element (%) 14.1 -1.7 4.7 13.4 10.4 12 11.6 17.5 12.5 Memorandum items Commitments 3,908 22,457 21,587 24,636 22,390 19,070 17,632 20,281 20,055 Official creditors 3,001 14,034 17,665 18,882 15,716 16,892 15.117 15,534 14,233 Private creditors 906 8,423 3,922 5.754 6,674 2,179 2,515 4,747 5,822 liI. GRAPH OF A;GREG. I l NE'I REso tl R(C E FL.OIs (current prices. US$ million) Aggregate Net Resource Flows Private Flows Official Flows 45000 - 4 1998 _ i 1998 r-- 40000- -- -~_ ._. .. 1997 1997 1:_ 3 i' ~ : . . I . - 3 1996 _ -L'-19961996 1995 1995__ 2-n:||: 1994 , ,,,, > G X E 1994 1993 - .993-19 1992 - 1992 1991 - 1991 C, ,-. __,__ _ I_- _ 1991 1992 1993 1994 1995 1996 1997 1998 -5000 0 5000 10000 15000 20000 -5000 0 5000 10000 15000 20000 : Private flows 2Official flows B Private non-debt flows LU Private debt flows , Multilateral -: Bilateral G Grants 46 MIDDLE-INCOME COUNTRIES (US.8 mtillion, utiless othzerwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 L. 1I %NIMAR'N DEBT DATA TOTAL DEBT STOCKS (EDT) 507,585 1,200,908 1,265,919 1,416,903 1,586,035 1,751,158 1,835,886 1,929,275 2,060,308 Long-term debt (LDOD) 43,834 368,999 933,383 972,499 1,088,434 1,228,028 1,322,038 1,383,652 1,448,255 1,607,960 Public and publicly guaranteed 28,890 303,517 861,066 879,046 968,274 1,053,233 1,115,376 1,114,974 1,101,824 1,304,384 Private nonguaranteed 14,944 65,483 72,317 93,454 120,160 174,795 206,662 268f677 346,431 303,576 Use of IMF credit 577 6,937 26,119 24,967 26,323 29,677 47,435 47,671 59,701 84,224 Short-term debt 131,650 241,407 268,453 302,145 328,331 381,686 404,564 421,320 368,124 of which interest arrears on LDOD 751 39,427 30,251 25,217 19,347 18,237 14,732 11,338 12,374 Official creditors .. 416 7,042 5,518 4,832 4,981 5,308 5,499 5,655 Private creditors .. 335 32,385 24,733 20,385 14,365 12,929 9,233 5,683 Memo: principal arrears on LDOD .. 743 34,204 40,354 37,888 41,440 49,702 47,208 34,298 38,595 Official creditors .. 198 12,019 9,985 9,166 11,723 16,302 17,043 17,952 Private creditors .. 545 22,184 30,369 28,722 29,717 33,400 30.166 16,346 Memo: export credits .. 7,680 267,683 279,074 296,354 329,625 318,797 307,192 305,705 TOTAL DEBT FLOWS Disbursements 10,500 94,660 116,892 137,360 159,823 166,285 214,580 255,475 303,936 250,373 Long-term debt 10,203 91,456 109,631 132,692 153,908 159,558 190,328 248,106 281,911 222,220 IMF purchases 297 3,204 7,261 4,668 5,916 6,727 24,252 7,369 22,025 28,153 Principal repayments 5,579 39,881 79,917 87,465 96,923 105,776 120,989 154,908 178,645 155,323 Long-term debt 5,142 38,584 74,692 82,653 92,476 100,717 114,309 149,341 171,888 148,178 IMF repurchases 438 1.297 5,225 4,812 4,447 5,059 6,679 5,567 6,757 7,145 Net flows on debt 13,095 93,657 60,034 86,119 107,747 103,549 151,695 128,754 145,442 97,609 of which short-term debt .. 38,879 23,059 36,223 44,846 43,041 58,103 28,187 20,151 2,559 Interest payments (INT) .. 44,181 60,990 58,622 59,698 68,723 90,920 96,047 99,758 114,316 Long-term debt 1,886 29,556 45,644 45,749 44,825 52,510 69,074 72,221 76,839 85,584 IMF charges 0 319 2,012 1,937 1,840 1,389 2,009 2,041 2,010 2,574 Shor-t-term debt .. 14,306 13,334 10,936 13,032 14,824 19,837 21,785 20,910 26,158 Net transfers on debt .. 49,476 -956 27,497 48,049 34,827 60,775 32,707 45,684 -16,707 Total debt service (TDS) .. 84,062 140,907 146,086 156,620 174,499 211,908 250,956 278,403 269,639 Long-term debt 7,027 68,140 120,336 128,402 137,301 153,227 183,383 221,563 248,727 233,762 IMF repurchases and charges 438 1,616 7,237 6,748 6,287 6,448 8,689 7,608 8,766 9,719 Short-term debt (interest only) .. 14,306 13,334 10,936 13,032 14,824 19,837 21,785 20,910 26,158 2..Ar-;r.RE(;ATE NE f RES%OURC'E FLO%~S AND NETTR,NNNFERS iLONG-TER7Nli NET RESOURCE FLOWS 8,286 63,477 91,786 121,823 187,242 185,153 222,346 272,068 301,436 240,876 Net flow of long-term debt (ex. IMF: 5,061 52,872 34,940 50,039 61,431 58,841 76,019 98,765 110,023 74,042 Foreign direct investment (net) 2,032 4,359 31,285 42,853 62,183 83,036 98,132 117,095 152,801 144,406 Portfolio equity flows 0 0 6,766 13,337 48,904 28,108 33,314 43,423 27,818 13,712 Grants (excluding technical coop.) 1.193 6,246 18,795 15,594 14,723 15,169 14,881 12,784 10,794 8,716 Memo: technical coop. grants 715 2,618 8,521 9,955 11,207 10,436 12,932 11,760 10,098 8,801 official net resource flows 3,118 21,123 36,934 28,917 31,443 20,147 32,144 10,813 19,505 29,029 private net resource flows 5.168 42.354 54,852 92,906 155,799 165,006 190,202 261,254 281,932 211,847 NET TRANSFERS 710 12,797 28,908 56,352 120,735 108,989 128,039 170,852 194,854 121,837 Interest on lonig-term debt 1,886 29,556 45,644 45,749 44,82-5 52,510 69,074 72,221 76,839 85,584 Profit r-emittances on FDI 5,691 21,124 17,234 19,722 21,681 23,654 25,234 28,994 29,743 33,455 Memo: official net transfers 2,595 16,380 20,966 11,236 12,429 -381 6,671 -14,647 -4,441 5,115 private, net transfers -1,885 -3,583 7,942 45,115 108,306 109,369 121,368 185,499 199,295 116,722 3. MAJOR ECONOMIlC CGUREG ATES Gross national product (GNP) 922.821 2,488,921 3,774,606 3,914,890 4,117,224 4,401,190 4,976,203 5,501,429 5,822,405 5,755,181 Exports of goods & services (XGS) 75,994 624,977 854,731 906,660 973,672 1,124,081 1,376,775 1,523,367 1,636,948 1,537,143 of which workers' remittances 792 9,446 19,213 24,042 22,479 24,670 28,508 30,035 34,862 35.393 Imports of goods & services IMGS) 80,710 605,081 917,409 978,642 1,084,566 1,191,542 1,458,769 1,60)4,067 1,711,123 1.627,593 Intemational reserves (RES) 28,059 202,825 267,928 283,207 344,045 393,064 503,222 580,528 602,770 649,095 CUrrent account balance -4,402 25,726 -66,464 -67,997 -105.912 -63,194 -81,400 -80,073 -74,504 -70.000 4. DEBT INDICATtO(S EDT' XGS (% . 81.2 140.5 139.6 145.5 141.1 127.2 120.5 117.9 134.0 EDT GNP (% . 20.4 31.8 32.3 34.4 36.0 35.2 33.4 33.1 35.8 TDS /XGS (% . 13.5 16.5 16.1 16.1 15.5 15.4 16.5 17.0 17.5 INT/XGS (% . 7.1 7.1 6.5 6.1 6.1 6.6 6.3 6.1 7.4 INT/GNP ().. 1.8 1.6 1.5 1.4 1.6 1.8 1.7 1.7 2.0 RES /EDT (% . 40.0 22.3 22.4 24.3 24.8 28.7 31.6 31.2 31.5 RES /MGS (months) 4.2 4.0 3.5 3.5 3.8 4.0 4.1 4.3 4.2 4.8 Short-term!/ EDT (%7) .. 25.9 20.1 21.2 21.3 20.7 21.8 22.0 21.8 17.9 Concessional / EDT ().. 12.6 13.8 14.2 15.7 14.9 13.4 12.8 11.6 11.4 Multilateral / EDT (%) .. 6.1 11.5 11.0 10.5 10.2 9.9 9.2 9.0 9.4 47 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 5. LONG-TERNI DEBI' DEBT OUTSTANDING (LDOD) 43,834 368,999 933,383 972,499 1,088,434 1,228,028 1,322,038 1,383,652 1,448,255 1,607,960 Public and publicly guaranteed 28,890 303,517 861,066 879,046 968,274 1,053,233 1,115,376 1,114,974 1,101,824 1,304,384 Official creditors 17,609 119,747 414,391 429.288 502,973 554,711 583,968 559,131 534.839 568,398 Multilateral 4,209 30,855 138,099 139,129 149,016 162,219 173,687 169,441 173,254 194,101 Concessional 455 5,671 17,807 18,699 20,771 23,039 25,338 26,528 26,942 29,533 Bilateral 13,400 88,892 276,291 290,159 353,958 392,492 410,281 389,690 361,586 374,297 Concessional 10,983 58,232 148,254 160,557 202,142 213,953 210,077 208,963 197,465 204,761 Private creditors 11,281 183,770 446,676 449,757 465,301 498.522 531,407 555,844 566,985 735,986 Bonds 1,465 12,469 111,418 121,285 160,617 235,468 255.110 285,263 290,141 327,109 Commercial banks 3,449 117,889 218,555 211,988 190,339 147,739 162,269 162,394 188,998 315,217 Other private 6,367 53,412 116,702 116,484 114,345 115,315 114,029 108,187 87,846 93,660 Private nouguarauteed 14,944 65,483 72,317 93,454 120,160 174,795 206,662 268,677 346,431 303,576 Bonds .. 0 3,704 12,233 31,006 55,671 60,492 82,303 102,971 105.635 Commercial banks .. 65,483 68,613 81,221 89,154 119,124 146,170 186,374 243,460 197,941 Memo: IBRD 2,948 18,273 80,129 77,807 81,323 87,229 92,475 88,124 88,744 95,722 IDA 251 1,926 8,241 8,920 10,027 11,288 12,687 13,500 13,983 15,352 DISBURSEMENTS 10,203 91,456 109,631 132,692 153,908 159,558 190,328 248,106 281,911 222,220 Public and publicly guaranteed 6,184 71,556 91,122 97,282 106,845 100,560 124,162 146,314 156,413 162,994 Official creditors 2,940 20,463 39,676 36,508 39,950 34,539 53,044 42,630 50,150 56,425 Multilateral 833 6,021 18,390 17,991 22,032 18,650 23,150 23,973 31,016 32,386 Concessional 90 642 2,200 2,024 2,415 2,059 2,557 2,769 2,391 2,401 Bilateral 2,107 14,441 21,286 18,517 17,918 15,890 29,894 18,657 19,134 24,039 Concessional 1,522 7.038 10,364 7.237 8,577 9,172 10,789 8,917 7,143 7,324 Private creditors 3,243 51,093 51,446 60,774 66,895 66,020 71,119 103,684 106,263 106,569 Bonds 140 1,645 8,508 11,062 26,940 23,415 26,453 50,622 56,227 54,799 Commercial banks 1,269 31,001 16,137 18,941 15,141 21,357 25,568 33,734 33,431 33,263 Other private 1,834 18,447 26,800 30,772 24,814 21,248 19.098 19,328 16,605 18,507 Private nonguaranteed 4,019 19,900 18,509 35,410 47,062 58,998 66,166 101,793 125,498 59,226 Bonds .. 0 2,853 8,728 19,061 23,762 18,604 31,588 34,172 15.765 Commercial banks .. 19,900 15,656 26.682 28,001 35,236 47.562 70,205 91,326 43,461 Memo: IBRD 484 3,870 9,713 8,668 11,041 10,105 12.059 12,084 16,378 16654 IDA 29 150 953 985 1.142 964 1:290 1,266 1.229 977 PRINCIPAL REPAYMENTS 5,142 38,584 74,692 82,653 92,476 100,717 114,309 149,341 171,888 148,178 Public and publicly guaranteed 2,773 27,567 65,104 68,642 67,342 72,372 84,043 106,914 115,736 96,840 Official creditors 1,016 5,586 21,538 23,185 23,231 29,561 35,781 44,600 41,440 36,112 Multilateral 287 1,311 11,177 12,795 13,193 15,185 16.854 16,831 15,551 15.762 Concessional 29 47 479 652 491 518 560 717 705 609 Bilateral 728 4,274 10,361 10,390 10,038 14,376 18.927 27,769 25,888 20,350 Concessional 342 1,560 3,369 3,355 3,817 4,860 5.580 6,067 6,201 5.130 Private creditors 1,757 21,982 43,567 45,457 44,111 42,810 48.263 62,314 74,297 60,728 Bonds 117 490 1,932 8,313 9,243 7,567 13.370 21,806 37,917 26,817 Commercial banks 645 13,146 17,726 16,542 16.507 16,954 17. 162 24,964 22,598 18.900 Other private 995 8.346 23.909 20,602 18.361 18,289 17.731 15,544 13,782 15,011 Private nonguaranteed 2,369 11,017 9,587 14,011 25,134 28,345 30,266 42,427 56,152 51,338 Bonds .. 0 0 165 289 2,997 5.332 7,034 12,199 13,100 Commercial banks .. 11,017 9.587 13,846 24,845 25,349 24.935 35,393 43.952 38,238 Memo: IBRD 157 856 7,720 8,678 8,538 9,803 9,902 9,938 9,055 8,967 IDA 0 7 51 58 67 77 87 97 116 129 NET FLOWS ON DEBT 5,061 52,872 34,940 50,039 61,431 58,841 76,019 98,765 110,023 74,042 Public and publicly guaranteed 3,411 43,988 26,018 28,640 39,504 28,188 40.119 39,399 40,676 66,154 Official creditors 1,925 14,877 18,139 13,323 16,719 4,978 17,263 -1,971 8,710 20,313 Multilateral 546 4,710 7,214 5,196 8,839 3,465 6.296 7,142 15,465 16.624 Concessional 61 596 1,721 1,372 1,924 1,540 1,997 2,052 1,686 1.792 Bilateral 1,379 10,167 10,925 8,127 7,881 1,513 10,967 -9,112 -6,754 3,689 Concessional 1,180 5,478 6,995 3,882 4,760 4,313 5,209 2,850 942 2,194 Private creditors 1,486 29,111 7,879 15,317 22,784 23,210 22,856 41,370 31,966 45.841 Bonds 23 1.155 6,577 2,748 17,697 15,848 13.083 28,816 18,310 27,982 Commercial banks 624 17,855 -1,588 2,399 -1,365 4,403 8.406 8,770 10,833 14,363 Other private 839 10,101 2,891 10,170 6,453 2 959 1,367 3,784 2,824 3,496 Private nonguaranteed 1,651 8,883 8,922 21,399 21,928 30,653 35,900 59,366 69,347 7,888 Bonds ..0 2,853 8,563 18,772 20,765 13,272 24,554 21,973 2,665 Commercial banks .. 8,883 6,069 12,836 3,155 9,887 22,628 34,811 47.374 5,223 Memo: IBRD 328 3,014 1,994 -9 2,503 303 2.156 2,146 7,323 7,687 IDA 29 144 902 928 1,075 887 1,203 1,170 1,113 848 48 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) Preliminary 1970 1980 199] 1992 1993 1994 1995 1996 1997 1998 INTEREST PAYMENTS (LINT) 1,886 29,556 45,644 45,749 44,825 52,510 69,074 72,221 76,839 85,584 Public and publicly guaranteed 1,150 23,031 40,484 40,205 38,353 43,751 56,742 57,072 57,415 59,494 Official creditors 523 4,743 15.968 17,680 19,013 20,528 25,473 25,460 23,945 23,914 Multilateral 216 2,041 9.453 9,780 10,249 10,513 10,959 10,634 10,081 11,159 Concessional 9 67 277 308 321 345 378 402 413 425 Bilateral 307 2,702 6,515 7,900 8,764 10,015 14,515 14,827 13,864 12,755 Concessional 194 1,180 2,748 3,476 4,050 4,279 4,960 4,896 4,528 4,750 Private creditors 627 18,288 24,516 22,524 19,340 23,223 31,269 31,611 33,470 35,580 Bonds 87 937 7.543 7,344 8,172 11,282 16,941 16,223 19,019 19,311 Commercial banks 239 13.510 10,443 9,894 6,358 6,346 8,157 9.597 8,980 11,700 Othier private 302 3,841 6.530 5,286 4,810 5,595 6,171 5,792 5,471 4,569 Private nonguaranteed 735 6,524 5,160 5,544 6,472 8,759 12,332 15,150 19,424 26,090 Bonds ..0 74 285 1,047 2,902 4,380 5,373 7,261 8,913 Commercial banks 6.524 5.086 5,259 5,425 5,858 7.952 9,776 12,163 17,177 Memo: IBRD 164 1,483 6.068 6,200 6,385 6,314 6,495 6,195 5,648 6.425 IDA 2 14 55 63 70 79 90 94 102 183 NET TRANSFERS ON DEBT 3,176 23,316 -10,704 4,290 16,606 6,331 6,945 26,544 33,184 -11,542 Public and publicly guaranteed 2,260 20,957 -14,466 -11,565 1,150 -15,563 -16,623 -17,672 -16,739 6,660 Official creditors 1,402 10,134 2,171 -4,358 -2,294 -15,550 -8,210 -27,431 -15,235 -3,601 Multilateral 330 2,669 -2,239 -4,584 -1,410 -7,048 -4,663 -3,492 5,384 5,465 Concessional 52 529 1,444 1,063 1,603 1,195 1,618 1,650 1,273 1,367 Bilateral 1,072 7,465 4,410 226 -884 -8,502 -3,547 -23,939 -20,619 -9,066 Concessional 986 4,298 4,247 406 710 33 249 -2,046 -3,586 -2,556 Private creditora 859 10,823 -16,637 -7,207 3.444 -13 -8.413 9,759 -1,504 10,261 Bonds -64 218 -967 -4,596 9,525 4,567 -3,858 12,593 -709 8,671 Commercial banks 385 4,345 -12,031 -7,495 -7,723 -1,944 249 -827 1,853 2,663 Other private 538 6,261 -3,639 4,883 1,643 -2_636 -4,804 -2,008 -2,648 -1,073 Private nonguaranteed 916 2,359 3,762 15,855 15,456 21,893 23,569 44,216 49,923 -18,202 Bonds ..0 2,780 8,278 17,726 17,864 8,892 19,181 14.712 -6,248 Commercial banks .. 2,359 982 7,577 -2,270 4,030 14,676 25,035 35,211 -11,954 Memo: IBRD 164 1.531 -4,074 -6,210 -3,882 -6,011 -4,339 -4.049 1,675 1,262 IDA 28 130 847 865 1,005 809 1,113 1,076 1,010 665 DEBT SERVICE (LTDS) 7,027 68,140 120,336 128,402 137,301 153,227 183,383 221,563 248,727 233,762 Public and publicly guaranteed 3,923 50,599 105,588 108,847 105,695 116,122 140,786 163,986 173,152 156,334 Official creditors 1,539 10,329 37,505 40,865 42,244 50,089 61,254 70,061 65,385 60,026 Multilateral 504 3,352 20,630 22,575 23.442 25,698 27,813 27,465 25,632 26,921 Concessional 38 114 757 961 812 863 939 1,119 1,118 1,034 Bilateral 1,035 6.977 16,876 18,291 18,802 24,391 33,441 42,596 39,753 33,105 Concessional 536 2.740 6,118 6,831 7,867 9,139 10,540 10.963 10,729 9,880 Private creditors 2.385 40,270 68,083 67,982 63,451 66,033 79.532 93,925 107,767 96,308 Bonds 204 1,427 9,475 15,657 17,416 18,848 30,310 38,029 56,936 46,128 Commercial banks 884 26,656 28,169 26,436 22,864 23,301 25,319 34.561 31,578 30,600 Other private 1,297 12,186 30,439 25,889 23,171 23,884 23,902 21,335 19,253 19,580 Private nonguaranteed 3,104 17,541 14,747 19,555 31,606 37,105 42,598 57,577 75,575 77,428 Bonds .. 0 74 450 1,336 5,898 9,712 12,407 19,460 22,013 ComDmercial banks .. 17,541 14,674 19,105 30,271 31,207 32,886 45,170 56,115 55,415 Memo: IBRD 321 2,339 13,788 14,878 14,924 16,117 16,397 16,133 14,703 15,392 IDA 2 20 106 121 137 156 176 191 219 312 UNDISBURSED DEBT 10,833 103,852 157,219 166,614 179,131 182,543 185,571 176,103 161,642 Official creditors 7,818 61,214 108,432 117,313 123,740 132,636 137,222 127,357 118,964 Private creditors 3,016 42,639 48,787 49,300 55,392 49,908 48,350 48,746 42,678 Memorandum items Concessional LDOD 11,438 63,903 166,061 179,255 222,912 236,992 235,415 235,490 224,407 234,294 Variable rate LDOD 15,682 178,086 423,201 449,647 506,261 579,783 648,978 704,835 787,899 Public sector LDOD 27,105 265,350 795.928 809,759 901,012 983,781 1,038,635 1,033,863 1.022,075 Private sector LDOD 16,731 718,296 80,919 103,521 127,643 184,096 222,948 289,292 362,337 6. CL RRE NC Y COMlPOSITIlON OF LONG - FELRNI DEBT i PERt uN I i Deutsche mark 8.5 6.4 10.2 9.9 8.6 8.5 8.9 9.0 8.1 French franc 4.9 4.8 5.2 4.7 3.9 3.8 3.9 3.7 3.1 Japanese yen 1.6 6.8 12.6 12.6 12.9 13.5 13.0 11.7 10.4 Pound sterling 5.0 1.6 1.4 1.1 1.0 0.9 0.8 0.8 0.8 Swiss franc 1.5 1.7 1.8 1.4 1.2 0.9 0.9 0.8 0.5 U.S. dollars 53.4 52.6 40.0 41.5 45.9 46.8 47.8 50.7 55.4 Multiple currency 12.9 11.5 15.9 16.2 15.0 14.7 14.2 13.3 11.7 Special drawing rights 0.0 0.0 0.1 0.1 0.0 0.1 0.1 0.1 0.1 All other currencies 12.1 6.1 6.2 5.9 5.3 5.2 5.1 4.7 4.3 49 MIDDLE-INCOME COUNTRIES (US$ million, unless otherwise indicated) Preliminary 1970 1980 1991 1992 1993 1994 1995 1996 1997 1998 7. DEBI RESTRUCtFl RlM(IS Total amount rescheduled 2,123 36,888 52,344 62,068 86,518 28,028 26,337 40,484 Debt stock rescheduled 1 12,842 24,884 23,724 54,025 6,528 5,664 1,140 Principal rescheduled .. 124 15,233 12,930 16,981 13,299 13,388 12,867 32,441 Official .. 17 9,541 7,349 6,285 3,039 5,648 4,381 4,969 Private .. 107 5,693 5,581 10,696 10,260 7,740 8,487 27,473 Interest rescheduled .. 8 9,075 12,587 15,560 14,836 4,364 6,171 6,403 Official .. 7 7,297 3,702 3,481 1,880 1,572 1,157 1,161 Private .. 1 1,778 8,886 12.079 12,956 2,792 5,015 5,242 Principal forgiven .. 79 4,085 1,683 1,643 4,406 491 1,909 250 Memo: interest forgiven .. 0 237 193 154 269 15 784 15 Debt stock reduction 0 4,937 12,926 6,537 12,829 2.609 5,448 14,400 of which debt buyback 0 706 6,273 589 1,702 13 3,363 10,211 H. DEBl STO( K--i- [_ RECONCILI ATION Total change in debt stocks .. 102,089 76,580 65,010 150,984 169,133 165,123 84,728 93,389 Net flows on debt .. 93,657 60,034 86,119 107,747 103,549 151,695 128.754 145,442 Net change in interest arrears .. 339 -288 -9,176 -5,034 -5,870 -1.110 -3,504 -3,394 Interest capitalized .. 8 9.075 12,587 15,560 14,836 4,364 6,171 6,403 Debt forgiveness or reduction .. -79 -8,315 -8,336 -7,591 -15,534 -3,087 -3,993 -4,438 Cross-currency valuation .. -1,870 6,113 -19,754 2,513 46,827 12,395 -46,154 -53,430 Residual .. 10,033 9,961 3,572 37,788 25,325 867 3,454 2,806 9. .-% ERA(;E lI ;R.Nlt OF NE%% CO INITNi EN'l T ALL CREDITORS Interest (%) 6 10.2 6.9 6.5 5.9 6.1 6.6 6.6 6.9 Maturity (years) 17.4 13.5 14.5 13.4 13 13.7 11.9 11.4 12.5 Grace period (years) 4.8 4.4 4.6 4.2 4.7 4.6 4.2 5 6.3 Grant element (%) 25.1 2.2 17.7 17.2 20.3 20.6 16.8 16 14.8 Official creditors Interest (%) 4.7 6.6 6 6.2 5.4 5.6 6.5 5.5 6.1 Maturity (years) 24.5 20.1 18.6 17.9 18.9 19.4 16.7 18.2 17.6 Grace period (years) 6.7 5.5 5.6 5.3 5.4 5.6 4.5 5.2 5.1 Grant element (%) 37.3 24.1 25.7 23.4 28.9 28.3 21.8 27.9 23.4 Private creditors Interest (%) 7.4 12.2 7.7 6.8 6.2 6.4 6.6 7 7.2 Maturity (years) 9.6 9.8 10.3 9.8 9.3 9.5 7.6 8.6 10 Grace period (years) 2.7 3.7 3.5 3.3 4.2 3.9 3.8 4.9 6.9 Grant element (%) 11.7 -10.2 9.4 12.4 14.8 14.9 12.2 11.1 10.6 Memorandum items Commitments 8,059 75,840 112,137 111,092 121,113 104,524 132,369 149,917 158,594 Official creditors 4,220 27.504 56,737 48,911 47.079 44,538 63,810 43,984 52,099 Private creditors 3,839 48,336 55,400 62,181 74,034 59,985 68,559 105,933 106,495 tll. (R-PUl OF AGGRE(A [E NE l RESOI RC E FlAOW.% (current prices, US$ million) Aggregate Net Resource Flows Private Flows Official Flows 350000 - 1998 . . . . 1998 - 300000-E .t 19971 --= , 1997 _ - 250000 . T 1996 -- - 1996 - 200000 1995 1995 150000 1994 ..'e_ 77 1994 - 100000 1993 --_ 1993 50 1992 1992 50000.._ _ - 1000 1500 2000 -700 '-Y2 _ 1991 . 500 1991 1991 1992 1993 1994 1995 1996 1997 1998 0 50000 100000 150000 200000 -20000 -10000 0 10000 20000 30000 Private flows U iOffical flows n Private non-debt flows _Private debt flows n Multilateral D Bilateral Ei Grants Country tables 52 ALBANIA (US$ million, unless otherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 1.SL'NMALRY DEBT 1) N FA TOTAL DEBT STOCKS (EDT) ... 348.6 511.5 632.6 773.0 851.1 643.6 672.1 706.0 Long-term debt (LDOD) ... 35.7 86.2 126.9 166.0 215.6 516.7 586.3 603.3 Public and publicly guaraDteed ... 35.7 86.2 126.9 166.0 215.6 516.7 586.3 603.3 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 (3.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 13.3 29.7 54.2 64.5 54.2 55.0 Short-term debt ... 312.9 425.3 492.4 577.4 581.3 62.3 31.6 47.8 of which interest arrears on LDOD ... 0.0 5.3 2.8 0.9 1.6 1.6 1.5 3.8 Official creditors ... 0.0 0.0 0.0 0.3 1.3 1.6 1.5 1.0 Private creditors ... 0.0 5.3 2.8 0.6 0.3 0.0 0.0 2.8 Memo: principal arrears on LDOD ... 0.0 1.5 23.4 15.5 25.7 27.0 33.4 33.4 Official creditors ... 0.0 0.0 4.0 5.5 17.7 17.7 17.7 17.7 Private creditors ... 0.0 1.5 19.4 10.0 8.0 9.4 15.8 15.8 Memo: export credits ... 16.0 29.0 24.0 31.0 29.0 34.0 37.0 30.0 TOTAL DEBT FLOWS Disbursements . . 33.1 48.8 66.2 81.2 74.8 74.6 84.0 64.6 Long-term debt . . 33.1 48.8 52.6 64.6 52.5 63.9 84.0 52.4 IMF purchases 0.0 0.0 0.0 0.0 13.6 16.6 22.2 10.7 0.0 12.1 Principal repayments . . 0.0 0.8 0.0 5.0 8.1 1.6 13.6 15.9 Long-term debt . . 0.0 0.8 0.0 5.0 8.1 0.4 5.3 8.0 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.2 8.3 8.0 Net flows on debt ... 271.6 155.1 135.8 163.1 69.9 -105.0 39.8 62.6 of which short-term debt ... 238.5 107.1 69.6 86.9 3.2 -178.0 -30.6 13.9 Interest payments (INT) .- 3.1 2.8 2.0 3.0 10.2 8.8 15.1 23.4 Long-term debt ... 3.1 2.8 1.9 2.1 9.1 4.5 12.8 20.8 IMF charges 0.0 0.0 0.0 0.0 0.1 0.9 1.1 1.3 0.9 0.5 Short-term debt ... 0.0 0.0 0.0 0.0 0.0 3.0 1.4 2.0 Net transfers on debt ... 268.5 152.4 133.8 160.1 59.7 -113.8 24.7 39.2 Total debt service paid (TDS) . . 3.1 3.6 2.0 8.1 18.3 10.4 28.7 39.3 Long-term debt ... 3.1 3.6 1.9 7.1 17.2 4.9 18.1 28.8 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.1 0.9 1.1 2.5 9.2 8.4 Short-term debt (interest only) ... 0.0 0.0 0.0 0.0 0.0 3.0 1.4 2.0 2. .XGG(REG(-1 E NET REsOU-)LRCE FLOWS %ND NELl IRkNSF FRS ILO-N(;JEFRN I NET RESOURCE FLOWS . . 35.0 368.0 406.6 301.0 165.8 210.1 282.2 161.8 Net flow of long-term debt (ex. IMF) ... 33.1 48.0 52.6 59.6 44.4 63.5 78.7 44.5 Foreign direct investment (net) .. 0.0 0.0 20.0 58.0 53.0 70.0 90.1 48.0 Portfolio equity flows ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) ... 1.9 320.0 334.0 183.4 68.4 76.6 113.4 69.3 Mcntlo: tchniiical coop. granits ... 9.2 4.0 12.0 24.4 27.3 32.3 49.6 30.6 official net resource flows ... 3.8 339.7 383.4 231.8 120.9 140.5 187.6 114.9 private net resource flows ... 31.2 28.4 23.2 69.1 44.9 69.6 94.6 46.9 NET TRANSFERS . . 31.9 365.3 404.6 298.9 156.7 205.5 269.4 140.9 Intcrcst on long-tcrm debt ... 3.1 2.8 1.9 2.1 9.1 4.5 12.8 20.8 Profit remittances on FDI ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers ... 3.8 339.5 383.1 231.3 113.2 136.6 182.7 109.7 private net transfers .. 28.1 25.9 21.6 67.5 43.4 69.0 86.7 31.3 3. NI.kIOR ECONOMlIC %E.G RF.GA ]-ES Gross national product (GNP) ... 2,105.6 1,108.5 673.4 1,201.7 1,989.8 2,482.3 2,706.8 2,515.4 Exports of goods & services (XGS) ... 353.6 83.0 242.9 528.9 540.2 760.3 956.2 550.7 of which workers remittances ... 0.0 0.0 150.0 274.8 264.7 384.6 499.6 266.9 Imports of goods & services (MGS) ... 486.9 340.3 667.3 794.4 774.8 864.6 1,123.3 820.6 International reserves (RES) ... .. . 166.5 223.6 265.3 323.4 342.4 Current account balance ... -118.3 -168.0 -50.7 14.9 -157.3 -11.5 -107.3 -272.2 EDT /XGS 1)... 98.6 616.2 260.4 146.2 157.6 84.6 70.3 128.2 EDT! GNP ()... 16.6 46.1 93.9 64.3 42.8 25.9 24.8 28.1 TDS /XGS (%) ... 0.9 4.3 0.8 1.5 3.4 1.4 3.0 7.1 INT XGS ()... 0.9 3.3 0.8 0.6 1.9 1.2 1.6 4.2 INT!GNP(% ... 0.1 0.2 0.3 0.3 0.5 0.4 0.6 0.9 RES /EDT (% .. .. . 21.5 26.3 41.2 48.1 48.5 RES! MGS (months) ... .. . 2.5 3.5 3.7 3.5 5.0 Short-term,' EDT f%) ... 89.8 83.1 77.8 74.7 68.3 9.7 4.7 6.8 Concessional / EDT (%) ... 0.6 1.6 7.9 13.3 18.1 34.0 42.1 43.5 Multilaterali/ EDT (%) ... 0.0 0.0 0.3 3.6 7.7 17.8 22.5 23.2 53 ALBA-Nh (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. L-ONG-TERM DENT DEBT OUTSTANDING (LDOD) ... 35.7 86.2 126.9 166.0 215.6 516.7 586.3 603.3 Public and publicly guaranteed ... 35.7 86.2 126.9 166.0 215.6 516.7 586.3 603.3 Official creditors ... 2.0 22.1 63.5 142.9 196.4 266.71 332.0 351.0 Multilateral ... 0.0 0.0 2.0 27.6 65.7 114.6 151.1 164.0 Concessional ... 0.0 0.0 2.0 27.6 65.5 109.8 141.6 154.6 Bilateral ... 2.0 22.1 61.5 115.3 130.6 152.1 180.9 187.0 Concessional ... 2.0 8.2 47.6 75.2 88.7 109.1 141.4 152.4 Private creditors ... 33.7 64.1 63.3 23.1 19.2 250.0 254.2 252.3 Bonds ... 0.0 0.0 0.0 0.0 0.0 225.0 225.0 225.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 33.7 64.1 63.3 23.1 19.2 25.0 29.2 27.3 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 2.0 27.6 64.7 109.0 137.2 148.2 DISBURSEMENTS . . 33.1 48.8 52.6 64.6 52.5 63.9 84.0 52.4 Public and publicly guaranteed . . 33.1 48.8 52.6 64.6 52.5 63.9 84.0 52.4 Official creditors ... 1.9 19.7 49.4 48.4 52.5 63.9 78.4 51.8 Multilateral ... 0.0 0.0 2.1 25.8 36.0 48.0 41.4 22.3 Concessional ... 0.0 0.0 2.1 25.8 35.8 43.3 35.9 21.5 Bilateral ... 1.9 19.7 47.3 22.6 16.5 15.9 37.0 29.5 Concessional ... 1.9 5.8 47.3 19.4 15.9 15.9 37.0 29.5 Private creditors . . 31.2 29.2 3.2 16.2 0.0 0.0 5.6 0.7 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 (1.0 0.0 Other private ... 31.2 29.2 3.2 16.2 0.0 0.0 5.6 0.7 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 2.1 25.8 35.0 43.3 32.3 18.9 PRINCIPAL REPAYMENTS . . 0.0 0.8 0.0 5.0 8.1 0.4 5.3 8.0 Public and publicly guaranteed . . 0.0 0.8 0.0 5.0 8.1 0.4 5.3 8.0 Official creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 4.2 6.1 Multilateral ... 0.0 0.0 0.0 0.0 0.0 0.0 0.8 1.3 Concessional . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 Bilateral ... 0.0 0.0 0.0 0.0 0.0 0.0 3.3 4.9 Concessional . . 0.0 0.0 0.0 0.0 0.0 0.0 0.9 1.4 Private creditors ... 0.0 0.8 0.0 5.0 8.1 0.4 1.1 1.8 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.8 0.0 5.0 8.1 0.4 1.1 1.8 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT . . 33.1 48.0 52.6 59.6 44.4 63.5 78.7 44.5 Public and publicly guaranteed . . 33.1 48.0 52.6 59.6 44.4 63.5 78.7 44.5 Official creditors ... 1.9 19.7 49.4 48.4 52.5 63.9 74.2 45.6 Multilateral . . 0.0 0.0 2.1 25.8 36.0 48.0 40.6 21.0 Concessional ... 0.0 0.0 2.1 25.8 35.8 43.3 35.9 21.1 Bilateral ... 1.9 19.7 47.3 22.6 16.5 15.9 33.6 24.6 Concessional ... 1.9 5.8 47.3 19.4 15.9 15.9 36.1 28.1 Private creditors ... 31.2 28.4 3.2 11.1 -8.1 -0.4 4.5 -1.1 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private . . 31.2 28.4 3. 2 11.1 -8.1 -0.4 4.5 -1.1 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 2.1 25.8 35.0 43.3 32.3 18.9 54 ALBANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) ... 3.1 2.8 1.9 2.1 9.1 4.5 12.8 20.8 Public and publicly guaranteed ... 3.1 2.8 1.9 2.1 9.1 4.5 12.8 20.8 Official creditors ... 0.0 0.2 0.3 0.5 7.7 3.9 4.9 5.2 Multilateral ... 0.0 0.0 on0 on 0.2 0.6 1.4 1.9 Concessional ... 0.0 0.0 0.0 0.0 0.2 0.6 0.9 1.1 Bilateral ... 0.0 0.2 0.3 0.5 7.4 3.3 3.5 3.3 Concessional ... 0.0 0.0 0.1 0.3 3.1 1.8 2.0 2.1 Private creditors ... 3.1 2.5 1.6 1.6 1.5 0.6 7.9 15.6 Bonds ... 0.0 0.0 on0 o.o 0.0 0.0 7.5 15.2 Commercial banks ... 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 Other private ... 3.1 2.5 1.6 1.6 1.5 0.6 0.5 0.5 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.6 0.9 1.0 NET TRANSFERS ON DEBT ... 30.0 45.3 50.6 57.5 35.3 58.9 65.9 23.6 Public and publicly guaranteed ... 30.0 45.3 50.6 57.5 35.3 58.9 65.9 23.6 Official creditors ... 1.9 19.4 49.1 47.9 44.9 60.0 69.3 40.4 Multilateral ... 0.0 0.0 2.1 25.8 35.7 47.4 39.2 19.1 Concessional ... 0.0 0.0 2.1 25.8 35.6 42.8 35.0 20.0 Bilateral ... 1.9 19.4 47.0 22.1 9.1 12.6 30.1 21.3 Concessional ... 1.9 5.8 47.2 19.1 12.9 14.1 34.1 26.0 Private creditors ... 28.1 25.8 1.6 9.6 -9.5 -1.0 -3.5 -16.8 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 -7.5 -15.2 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 28.1 25.8 1.6 9.6 -9.5 -1.0 4.0 -1.6 Pri-vate nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 2.1 25.8 34.8 42.8 31.5 17.9 DEBT SERVICE (LTDS) ... 3.1 3.6 1.9 7.1 17.2 4.9 18.1 28.8 Public and publicly guaranteed ... 3.1 3.6 1.9 7.1 17.2 4.9 18.1 28.8 Official creditors O.. .0 0.2 0.3 0.5 7.7 3.9 9.1 11.4 Multilateral ... 0.0 0.0 0.0 0.0 0.2 0.6 2.3 3.2 Concessional ... 0.0 0.0 0.0 0.0 0.2 0.6 0.9 1.5 Bilateral ... 0.0 0.2 0.3 0.5 7.4 3.3 6.8 8.2 Concessional ... 0.0 0.0 0.1 0.3 3.1 1.8 2.9 3.5 Private creditors ... 3.1 3.3 1.6 6.6 9.5 1.0 9.1 17.4 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 7.5 15.2 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 3.1 3.3 1.6 6.6 9.5 1.0 1.6 2.3 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.6 0.9 1.0 UNDISBURSED DEBT ... 20.1 86.5 104.5 133.7 209.4 312.0 378.4 328.5 Official creditors ... 0.0 51.3 69.9 116.0 190.5 299.0 377.6 328.5 Private creditors ... 20.1 35.2 34.6 17.7 19.0 13.1 0.8 0.0 Memorandum items Concessional LDOD ... 2.0 8.2 49.7 102.8 154.2 218.9 282.9 307.0 Variable rate LDOD ... 33.7 78.0 77.2 52.2 49.2 279.2 283.6 279.8 Public sector LDOD . . 35.7 86.2 126.9 166.0 215.6 516.7 586.3 603.3 Private sector LDOD ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. (IL RRENC'I (OMPOs1TlON OF LONG-I.ER_M DEiB[ PEWA ENI I Deutsche mark ... 100.0 76.7 56.4 21.7 19.9 9.2 9.3 9.7 French franc ... 0.0 0.0 0.0 0.4 0.3 0.1 0.1 0.1 Japanese yen ... 0.0 0.0 0.0 0.0 3.9 1.6 2.7 2.8 Pound sterling ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franic ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... 0.0 16.1 12.9 41.7 49.4 75.1 73.1 72.4 Multiple currency ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Special drawing rights ... 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 All other currencies ... 0.0 7.2 30.7 36.2 26.5 14.0 14.7 14.8 55 ALBANIA (US$ million, uniless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 199.5 1996 1997 7. DEBT RE.S'lRL ( ILl RIN6S Total amount rescheduled ... 0.0 0.0 0.0 39.4 0.0 230.9 0.0 0.0 Dcbt stock reschedulcd ... 0.0 0.0 0.0 0.0 0.0 225.0 0.0 0.0 PTincipal rescheduled . . 0.0 0.0 0.0 39.3 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 39.3 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0. 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0. 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 8.4 0.0 0.0 0.0 Memo: interest forgiven . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 146.0 0.0 0.0 of which debt buyback . . 0.0 0.0 0.0 0.0 0.0 30.0 0.0 0.0 S~. DLB-1 ,jO( K%-FLO%% RUCONL_ 11.1 ATIO0 Total change in debt stocks ... 274.0 162.9 121.1 140.4 78.1 -207.5 28.5 34.0 Net flows on debt ... 271.6 155.1 135.8 163.1 69.9 -105.0 39.8 62.6 Net change in interest arrears ... 0.0 5.3 -2.4 -2.0 0.7 0.0 -0. 1 2.3 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 -8.4 -116.0 0.0 0.0 Cross-currency valuation ... 4.9 -1.1 -12.2 -9.3 9.1 6.4 -5.1 -19.4 Residuial ... -2.0 3.6 0.0 -11.4 6.8 7.0 -6.1 -11.5 9. .E tKWE, [TI01S OF NE%~ CC)MINHYNIENTh ALL CREDITORS Interest (%M.. 10.0 4.7 1.8 0.9 1.7 1.7 1.4 0.5 Maturity (years) ... 4.7 10.9 31.5 36.0 34.6 25.6 33.3 39.8 Grace period (years) ... 2.8 5.1 9.0 9.6 9.2 7.7 10.6 10.3 Grant element (%) ... -0.4 31.2 65.4 76.3 69.5 61.5 72.0 82.6 Official creditors Interest (%) ... 0.0 3.0 1.6 0.9 1.7 1.7 1.4 0.5 Maturity (years) ... 0.0 15.9 32.8 36.0 34.6 25.7 33.3 39.8 Grace period (yeats) . . 0.0 8.0 9.3 9.6 9.2 7.6 10.6 10.3 Grant element (%) ... 0.0 48.2 67.9 76.3 69.5 61.7 72.0 82.6 Private creditors Interest (%) ... 10.0 7.1 5.8 0.0 0.0 3.0 0.0 0.0 Maturity (years) ... 4.7 3.3 5.0 0.0 0.0 22.7 0.0 0.0 Grace period (years) ... 2.8 0.8 1.5 0.0 0.0 11.7 0.0 0.0 Grant element (%) ... -0.4 5.6 10.8 0.0 0.0 55.9 0.0 0.0 Memorandum items Commitments ... 49.8 112.8 76.5 96.3 120.3 174.9 176.2 33.8 Official creditors . . 0.0 67.8 73.1 96.3 120.3 168.7 176.2 33.8 Private creditors ... 49.8 45.0 3.4 0.0 0.0 6.2 0.0 0.0 Ifl. LtON I-RI.MrA. OBLI; AilIONS ON ourThT XNDIN(; LONG- UFRMI DESB r 1998 1999 2000 2007 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 87.1 96.1 63.7 40.7 23.5 10.4 5.2 1.3 0.4 0.0 Principal 9.2 12.9 16.6 11.6 19.6 18.6 20.5 24.4 31.4 25.4 Interest 21.9 23.0 23.5 25.3 25.3 24.8 24.2 23.6 22.6 21.8 Ofricial creditors Disbursements 87.1 96.1 63.7 40.7 23.5 10.4 5.2 1.3 0.4 0.0 Principal 7.4 11.1 15.5 11.3 19.3 18.2 20.5 24.4 28.9 25.4 Interest 6.1 7.3 7.8 9.7 9.8 9.3 8.7 8.1 7.3 6.4 Bilateral creditors Disbursements 22.3 21.1 12.9 7.7 4.1 2.1 0.8 0.0 0.0 0.0 Principal 6.6 8.7 11.2 2.3 9.4 7.3 8.3 10.3 14.0 10.0 Interest 3.3 3.4 3.3 3.0 3.1 2.9 2.8 2.7 2.4 2.2 Multilateral creditors Disbursements 64.8 75.0 50.9 33.0 19.3 8.3 4.4 1.3 0.4 0.0 Principal 0.8 2.4 4.3 9.0 9.9 10.9 12.2 14.1 14.9 15.4 Interest 2.8 3.9 4.6 6.7 6.7 6.4 5.9 5.4 4.8 4.2 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 1.8 1.8 1.1 0.3 0.3 0.3 0.0 0.0 2.5 0.0 Interest 15.8 15.7 15.6 15.6 15.6 15.5 15.5 15.5 15.4 15.4 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 1.8 1.8 1.1 0.3 0.3 0.3 0.0 0.0 2.5 0.0 Interest 15.8 15.7 15.6 15.6 15.6 15.5 15.5 15.5 15.4 15.4 .56 AILGERIA (US$ million, unless otherwise inzdicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUM NLXRY DEBT DATA TOTAL DEBT STOCKS (EDT) 19,365 27,877 28,204 27,078 26,020 29,973 32,810 33,428 30,921 Long-term debt (LDOD) 940 17,040 26,416 25,969 25,489 24,847 28,178 31,072 31,069 28,741 Public and publicly guaranteed 940 17,040 26.416 25,969 25,489 24,847 28,178 31,072 31,069 28,741 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 0 670 995 795 471 1,159 1,478 2,031 2,018 Short-term debt 2,325 791 1,239 794 702 637 261 328 162 of which interest arrears on LDOD ..0 0 0 1 2 1 3 0 0 Official creditors ..0 0 0 0 1 0 0 0 0 Private creditors ..0 0 0 1 1 1 3 0 0 Memo: principal arrears on LDOD ..2 1 0 6 9 1 1 0 0 Official creditors ..0 0 0 1 3 1 0 0 0 Private creditors ..2 0 0 6 6 1 1 0 0 Memo: export credits ... 13,220 13,538 13.391 14,095 16,814 18,133 18,266 16,891 TOTAL DEBT FLOWS Disbursements 313 3,398 6,935 6,835 7,536 6,501 5,638 4,187 3,596 2,025 Long-termn debt 313 3,398 6,935 6,528 7,536 6,501 4,797 3,713 2,853 1,561 IMF purchases 0 0 0 308 0 0 841 475 744 465 Principal repayments 35 2,529 6,779 7,220 7,227 7,282 3,546 2,387 2,067 2,347 Long-termn debt 35 2,529 6,779 7,220 7,061 6,953 3,351 2,217 1,931 1,996 IMF repurchases 0 0 0 0 166 329 195 171 136 350 Net flows on debt 279 869 -892 64 -138 -874 2,028 1,422 1,599 -487 of which short-term debt ... -1,049 448 -446 -93 -64 -378 70 -166 Interest payments (INT) 1,556 2,025 1,947 2,083 1,781 1,561 1,814 2,094 2,074 Long-term debt 10 1,440 1,784 1,789 1,814 1,704 1,496 1,723 2,006 1,968 IMF charges 0 0 62 59 70 42 31 69 75 93 Short-term debt .. 116 179 100 200 36 33 22 13 13 Net transfers on debt .. -686 -2,917 -1,884 -2,221 -2,655 467 -392 -495 -2,561 Total debt service paid (TDS) .. 4,084 8,803 9,167 9,310 9,063 5,107 4,201 4,161 4,420 Long-term debt 45 3,968 8,562 9,008 8,875 8,657 4,847 3,939 3,936 3,965 IMF repurchases and charges 0 0 62 59 235 371 226 240 211 443 Short-teeM de-bt (interest only) .. 116 179 100 200 36 33 22 13 13 2. .-"GREGATE NETI RESOL RCET FLO1%1 s.-AND NETF TRANSFERS i LONG-TERM,1 NET RESOURCE FLOWS 381 1,295 202 -607 557 -344 1,536 1,572 1,024 -391 Net flow of long-term debt (ex. IMF) 279 869 156 -692 474 -453 1,446 1,496 922 -436 Foreign direct investment (net) 47 349 0 12 12 15 18 5 4 7 Portfolio equity flows 0 0 0 0 0 0 5 1 5 8 Grants (excluding technical coop.) 56 77 45 73 71 93 67 70 93 30 Memo: technical coop. grants 44 96 107 115 110 123 97 101 126 112 official net resouirce flows 88 399 626 529 311 93 943 1,051 999 152 private net resource flows 294 896 -424 -1,137 247 -438 593 521 25 -543 NET TRANSFERS 221 -831 -1,734 -2,727 -1,456 -2,198 -90 -296 -1,122 -2,494 Interest on long-term debt 10 1,440 1,784 1,789 1,814 1,704 1,496 1,723 2,006 1,968 Profit remnittances on FDI 150 687 152 332 200 150 130 145 140 135 Memo: official net transfers 84 239 314 186 -60 -272 545 247 -236 -997 private net transfers 137 -1,071 -2,047 -2,913 -1,396 -1,926 -635 -543 -886 -1,497 3. NL.IJOR EC)O%-NORICA.*GREGJAl_ES Gross national product (GNP) 4,760 41,147 59,812 44,043 46,958 48,013 40,343 39,061 43,711 44,815 Exports of goods & services (XGS) .. 14,906 13,887 13,026 12,997 11,856 10,822 12,354 15.215 16,225 of which workers remittances .. 406 352 233 829 700 1,115 1,294 1,045 1,075 Imports of goods & services (MGS) .. 14,552 12,448 10,643 12,606 11,497 12,927 14,429 13,800 12,750 Intemational reserves (RES) 352 7,064 2,704 3,460 3,318 3,656 4,814 4,164 6,297 9,667 Current account balance .. 249 1,420 2,367 . .. 41. DEBTr INDICATORS EDT/XGS (% . 129.9 200.7 216.5 208.3 219.5 277.0 265.6 219.7 190.6 EDT! GNP (% . 47.1 46.6 64.0 57.7 54.2 74.3 84.0 76.5 69.0 TDS IXGS (% . 27.4 63.4 70.4 71.6 76.4 47.2 34.0 27.3 27.2 INT /XGS (% . 10.4 14.6 15.0 16.0 15.0 14.4 14.7 13.8 12.8 INT / GNP (% . 3.8 3.4 4.4 4.4 3.7 3.9 4.6 4.8 4.6 RES /EDT (% . 36.5 9.7 12.3 12.3 14.0 16.1 12.7 18.8 31.3 RES /MGS (months) .. 5.8 2.6 3.9 3.2 3.8 4.5 3.5 5.5 9.1 Short-term! EDT (%) .. 12.0 2.8 4.4 2.9 2.7 2.1 0.8 1.0 0.5 Concessional / EDT (% . 6.6 3.1 3.4 3.9 5.0 6.9 9.5 9.8 10.0 Multilateral / EDT (% . 1.5 7.3 9.4 10.2 11.1 11.2 11.9 12.2 12.5 57 AILGERIA (US$ million, unless otherwise indicated) 1970 1980- 1990 1991 1992 1993 1994 1995 1996 1997 5. LO.NG;-TlERM DEBT DEBT OUTSTANDING (LDOD) 940 17,040 26,416 25,969 25,489 24,847 28,178 31,072 31,069 28,741 Public and publicly guaranteed 940 17,040 26,416 25,969 25,489 24,847 28,178 31,072 31,069 28,741 Official creditors 485 3,495 5,595 6,268 6,268 6,259 10,664 15,424 17,939 18,264 Multilateral 16 284 2,032 2,663 2,765 2,900 3,344 3,916 4,092 3,879 Concessional 0 14 76 94 100 153 155 292 334 356 Bilateral 470 3,211 3,563 3,605 3,503 3,359 7,319 11,509 13,848 14,385 Concessional 470 1,255 784 860 956 1,160 1,899 2,819 2,948 2,742 Private creditors 454 13,545 20,822 19,701 19,221 18,588 17,514 15,647 13,129 10,477 Bonds 5 410 1,420 1,436 1,281 645 261 0 0 0 Commercial banks 20 5,503 6,051 5,023 5,319 4,876 4,909 4,916 4,629 4,264 Other private 430 7,632 13,351 13,242 12,622 13,067 12344 10,732 8,500 6,213 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 16 253 1,208 1,413 1,474 1,512 1,709 2,049 1,939 1.795 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 313 3,398 6,935 6,528 7,536 6,501 4,797 3,713 2,853 1,561 Public and publicly guaranteed 313 3,398 6,935 6,528 7,536 6,501 4,797 3,713 2,853 1,561 Official creditors 45 566 1,753 1,704 1,418 1,138 1,529 1,621 1,532 1,161 Multilateral 0 54 612 953 548 477 701 930 822 805 Concessional 0 1 9 23 19 58 6 149 64 47 Bilateral 45 512 1,141 751 869 661 828 691 710 356 Concessional 45 78 282 141 203 294 386 534 279 101 Private creditors 268 2,832 5,182 4,824 6,118 5,363 3,268 2,092 1,321 399 Bonds 5 30 0 1 0 0 0 0 0 0 Commercial banks 17 891 406 170 1,256 458 123 255 140 31 Other private 246 1,911 4,776 4,653 4.863 4,905 3,145 1,837 1,181 369 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 39 300 347 268 176 300 554 286 250 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 35 2,529 6,779 7,220 7,061 6,953 3,351 2,217 1,931 1,996 Public and publicly guaranteed 35 2,529 6,779 7,220 7,061 6,953 3,351 2,217 1,931 1,996 Official creditorS 13 244 1,172 1,247 1,178 1.138 653 640 626 1,040 Multilateral 3 42 312 388 334 351 450 451 408 693 Concessional 0 1 6 6 8 8 7 11 16 9 Bilateral 10 203 861 860 844 787 203 189 218 347 Concessional 10 72 97 78 78 76 54 43 81 115 Private creditors 22 2,284 5,606 5,972 5,883 5.816 2,698 1,577 1,305 957 Bonds 0 15 16 5 129 663 445 278 0 0 Commercial banks 2 918 1,330 1,326 938 1,107 382 220 177 132 Other private 19 1,352 4,261 4,642 4,816 4,046 1,872 1.078 1,127 825 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 13 130 176 166 170 208 260 252 234 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 279 869 156 -692 474 -453 1,446 1,496 922 -436 Public and publicly guaranteed 279 869 156 -692 474 -453 1,446 1,496 922 -436 Official creditors 32 322 580 456 240 0 876 981 906 122 Multilateral -3 13 300 565 214 126 252 479 414 113 Concessional 0 0 3 16 11 50 -1 138 49 38 Bilateral 35 309 281 -109 25 -126 625 502 492 9 Concessional 35 6 185 63 125 218 332 491 198 -14 Private creditors 247 548 -424 -1,149 235 -453 570 515 16 -557 Bonds 5 15 -16 -4 -129 -663 -445 -278 0 0 Commercial banks 15 -27 -924 -1,155 318 -649 -259 35 -37 -101 Other private 227 559 515 1 1 46 859 1,273 759 53 -456 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial barnks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -3 26 170 171 101 6 92 294 34 1 7 IDA 0 0 0 0 0 0 0 0 0 0 58 ALGERIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 10 1,440 1,784 1,789 1,814 1,704 1,496 1,723 2,006 1,968 Public and publicly guaranteed 10 1,440 1,784 1,789 1,814 1,704 1,496 1,723 2,006 1,968 Official creditors 4 159 312 344 371 365 398 804 1,235 1,149 Multilateral 1 29 117 154 196 205 203 251 281 269 Concessional 0 1 6 6 6 5 6 8 15 16 Bilateral 3 130 195 190 175 160 196 553 954 880 Concessional 3 35 17 17 20 21 50 83 129 109 Private creditors 6 1,280 1,472 1,445 1,443 1,338 1,098 918 771 819 Bonds 0 45 105 98 90 68 49 13 0 0 Commercial banks 0 672 526 446 358 355 343 253 206 259 Other private 6 563 841 901 994 915 707 653 565 561 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 00 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 25 73 107 112 113 119 137 139 120 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 269 -570 -1,627 -2,481 -1,339 -2.156 -50 -227 -1,083 -2,404 Public and publicly guaranteed 269 -570 -1,627 -2,481 -1,339 -2,156 -50 -227 -1,083 -2,404 Official creditors 28 162 268 113 -131 -365 478 177 -329 -1,028 Multilateral -4 -17 183 412 18 -79 49 228 133 -156 Concessional 0 -1 -2 10 5 45 -7 130 34 22 Bilateral 32 179 85 -299 -150 -286 429 -51 -462 -871 Concessional 32 -29 168 45 105 197 282 409 69 -123 Private creditors 240 -732 -1,896 -2,593 -1.208 -1,791 -528 -403 -755 -1,377 Bonds 5 -30 -120 -102 -220 -731 -493 -291 0 0 Commercial banks 14 -699 -1,450 -1,601 -40 -1,004 -601 -218 -243 -360 Other private 221 -4 -326 -891 -948 -56 566 105 -512 -1,017 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -4 0 97 64 -11 -107 -27 157 -105 -103 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 45 3,968 8,562 9,008 8,875 8,657 4,847 3,939 3,936 3,965 Public and publicly guaranteed 45 3,968 8,562 9,008 8,875 8,657 4,847 3,939 3,936 3,965 Official creditors 17 404 1,485 1,591 1,549 1,503 1,051 1,444 1,861 2,189 Multilateral 4 71 429 542 530 556 652 702 689 961 Concessional 0 2 12 12 14 13 13 19 31 25 Bilateral 13 333 1,056 1,050 1,019 947 399 742 1,172 1,227 Concessional 13 107 114 96 98 97 104 125 211 224 Private creditors 28 3,564 7,078 7,417 7.326 7,154 3,796 2,495 2,076 1,776 Bonds 0 60 120 103 220 731 493 291 0 0 Commercial banks 3 1,590 1,856 1.771 1,296 1,462 725 473 383 390 Other private 25 1,915 5,102 5,543 5,811 4,961 2,579 1,732 1,693 1,386 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 4 39 203 283 278 282 327 397 391 353 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 738 11,717 12,862 14,888 14,753 14,482 11,591 10,044 7,066 6,106 Official creditors 579 4.169 5,164 5,883 5,666 6,660 5,966 5,904 4,869 4,435 Private creditors 159 7.548 7,698 9,005 9,086 7,822 5,625 4,140 2,197 1,671 Memorandutm items Concessional LDOD 470 1,269 860 955 1,056 1,313 2,053 3,110 3,283 3,099 Variable rate LDOD 26 4,265 10,712 10,605 11,897 12,509 14,681 16,686 16,747 15,700 Public sector LDOD 940 17,040 26,336 25,872 25,369 24,742 28,083 30,983 30,974 28,626 Private sector LDOD 0 0 80 97 120 105 95 89 94 114 tn. (.CURREN('% COMPOSITO0N OF Lo\s ;--rhR,% DEBr 'E RC EN ri Deutsche mark 1.9 9.9 10.5 10.1 8.3 6.6 6.3 7.2 6.9 6.7 French franc 36.0 10.9 16.8 15.8 13.1 11.9 13.8 16.2 16.9 15.6 Japanese yen 0.0 13.4 15.2 15.8 15.4 16.0 15.2 13.3 12.2 11.6 Pound sterling 8.3 2.2 1.5 1.4 1.1 0.9 1.0 0.9 1.0 1.2 Swiss franc 0.2 2.7 0.8 0.6 0.6 0.5 0.6 0.7 0.5 0.5 U.S.dollars 37.0 41.5 33.8 34.0 39.8 43.0 40.9 38.3 39.0 41.7 Multiple currency 1.7 3.4 4.9 6.3 6.8 7.4 7.5 8.0 7.7 7.9 Special drawing rights 0.0 0.0 0.0 0.0 00 0.0 0. .0 0.0 0.0 All other currencies 15.1 16.0 16.3 16.1 14.9 13.7 14.7 15.4 15.6 14.8 59 ALGERIA (US$ million, uniless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7.DEBI REsTRUtLTt*RlNt;S Total amount rescheduled 0 0 0 0 0 0 4,229 5,096 3,679 2,341 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 3,740 4,410 3,252 2,131 Official 0 0 0 0 0 0 541 535 364 233 Private 0 0 0 0 0 0 3J199 3,875 2,887 1,898 Interest rescheduled 0 0 0 0 0 0 457 381 289 0 Official 0 0 0 0 0 0 79 68 46 0 Private 0 0 0 0 0 0 377 312 243 0 Debt forgiven ..0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8. DELI sT(K-FLO)%% RECONCILIATION Total change in debt stocks 806 326 -1,126 -1,058 3,953 2.837 618 -2,507 Net flows on debt .. -892 64 -138 -874 2,028 1,422 1,599 -487 Net change in interest arrears ...0 0 1 1 -1 2 -3 0 Interest capitalized ...0 0 0 0 457 381 289 0 Debt forgiveness or reduCtionD.. 0 0 0 0 0 0 0 0 Cross-currency valuation ... 1,826 183 -860 -128 1,537 836 -1,285 -1,822 Residual ... -127 79 -129 -57 -67 196 16 -198 9~..%AE R%(E rERNIS OF NEI% (ONI.M.1]1 lENTIS ALL CREDITORS Interest (%) 5.7 8.1 8.4 7.4 5.7 5.5 5.5 6.5 5.6 5.7 Maturity (years) 12.7 12.4 9.0 11.0 10.8 9.9 8.9 8.7 9.0 11.0 Grace period (years) 3.6 3.5 2.5 3.5 4.7 4.4 3.0 2.9 2.8 3.1 Grant element (%) 23.1 8.3 6.9 11.0 19.9 18.0 16.4 12.4 16.7 16.2 Official creditors Interest (%) 2.8 7.7 7.0 7.9 5.9 5.4 5.0 6.2 5.8 5.6 Maturity (years) 23.9 17.6 16.8 15.0 15.2 13.8 14.0 9.9 10.2 11.6 Grace period (years) 9.2 5.1 4.1 6.8 6.9 6.6 5.9 3.3 3.5 3.5 Grant element (%) 54.4 13.5 19.5 13.3 25.1 24.9 25.7 14.6 17.0 16.7 Private creditors Interest (% 6.4 8.4 8.9 7.2 5.7 5.6 5.7 7.1 5.0 5.9 Maturity (years) 9.8 9.6 6.4 9.7 9.9 8.0 6.1 6.2 6.4 8.5 Grace period (years) 2.1 2.6 2.0 2.5 4.2 3.2 1.5 1.9 1.1 1.6 Grant element (Ol) 14.9 5.5 2.8 10.3 18.9 14.5 11.5 7.8 16.0 14.2 Memorandum items Commitments 378 3,538 8,059 10,769 9,983 6,785 3,438 2.426 2,258 1,506 Official creditors 79 1,258 1,987 2,538 1,653 2,289 1.201 1,630 1,545 1,205 Private creditors 299 2,279 6,072 8,231 8,330 4,497 2,237 795 713 301 II). L ON f RAC 1Ii' Xi. OBIGI VHlONS ON 01 -1 ST kNlJlNI [ONG-TER-NM DEBTI 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL T)hishursements 2,336 1,578 860 502 136 53 25 12 7 3 Principal 2,692 2,960 2,786 2' 687 2,415 2,224 2,078 2,090 2,130 2,672 Interest 1,953 1,857 1,741 1,593 1,441 1,289 1,148 1,010 871 729 Official creditors Disbursements 1,347 1.170 758 487 131 53 25 12 7 3 Principal 1,091 1,329 1,378 1,443 1,358 1,324 1,354 1,458 1,594 1.959 Interest 1,229 1,227 1,202 1,149 1,078 996 913 823 726 619 Bilateral creditors Disbursemenits 685 420 212 103 32 21 11 5 3 0 Principal 545 696 736 732 726 806 906 1,051 1,248 1,639 Interest 953 944 923 883 840 793 740 679 608 524 Multilateral creditors Disbursements 662 750 546 384 100 32 14 7 5 3 Principal 546 634 643 711 633 518 448 407 346 320 Interest 276 283 279 266 237 203 173 144 119 96 Private creditors Disbursements 989 408 103 16 5 0 0 0 0 0 Principal 1,602 1,631 1,408 1,244 1,057 900 724 632 535 713 Interest 724 630 539 444 363 293 235 187 145 110 Commercial banks Disbursements 94 41 0 0 0 0 0 0 0 0 Principal 383 349 448 518 471 457 397 358 308 213 Interest 284 263 241 207 173 142 ill 86 62 44 Other private Disbursements 895 368 103 16 5 0 0 0 0 0 Principal 1,219 1,282 960 725 586 443 327 274 227 499 Interest 440 368 298 237 190 152 124 101 83 67 60 ANGOLA (US$ mnillion, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 i. S 1.' I% LAR DEBT DATA TOTAL DEBT STOCKS (EDT) .. 8,594 9,002 10,061 10,575 11,296 11,515 10,541 10,160 Long-term debt (LDOD) 7,605 7,704 8,132 8,694 9,126 9,553 9,365 8,885 Public and publicly guaranteed 7,605 7,704 8,132 8,694 9,126 9,553 9.365 8,885 Private nonguaranteed . 0 0 0 0 0 0 0 0 Use ofIMF credit 0 0 0 0 0 0 0 0 0 0 Short-term debt 989 1,298 1,929 1,881 2,170 1,962 1,176 1,275 of which interest arrears on LDOD 204 382 609 890 1,137 1,237 500 555 Official creditors .. 53 97 147 196 235 277 170 188 Private creditors 151 285 462 694 902 960 330 368 Memo: principal arrears on LDOD ..496 1,158 1,954 3J156 3,758 4,187 1,265 1,299 Official creditors ..90 334 563 843 900 1,109 377 381 Private creditors 407 824 1,391 2.313 2,858 3,079 887 918 Memo: export credits ..1,639 1,596 1,928 2,197 2,084 2,263 2,007 2,213 TOTAL DEBT FLOWS Disbursements .. 862 327 647 685 417 550 47 82 Long-term debt ..862 327 647 685 417 550 47 82 IMF purchases 0 0 0 0 0 0 0 0 0 0 Principal repayments .. 183 233 144 62 152 331 510 483 Long-term debt 183 233 144 62 152 331 510 483 IMF repurchases 0 0 0 0 0 0 0 0 0 0 Net flows on debt --977 226 907 295 306 -89 -512 -357 of which short-term debt 298 131 404 -329 42 -308 -50 45 Interest payments (INT) .. 143 156 101 91 106 132 323 358 Long-term debt 100 103 47 25 51 79 274 312 IMF cbarges 0 0 0 0 0 0 0 0 0 0 Short-te,rm debt ... 43 53 54 66 55 53 49 46 Net transfers on debt . . 834 70 805 203 201 -220 -835 -715 Total debt service paid (TDS) - . 326 388 246 153 258 463 832 841 Long-term debt ... 283 336 191 87 203 410 783 795 IMF repurchases and charges 0 0 0 0 0 0 0 0 0 0 Short-term debt (interest only) . . 43 53 54 66 55 53 49 46 2..%. .-GREGA ITE NETr RESO)URC E FLO'*% SAND NEI' TR ALNtFER.S I LONG-TER %II NET RESOURCE FLOWS ... 536 949 977 1,095 735 797 183 247 Net flow of long-term debt (ex. IMF) . . 679 95 503 624 264 219 -463 -401 Foreign direct investment (net) ... -335 665 288 302 170 250 300 350 Portfolio equity flows ...0 0 0 0 0 0 0 0 Grants (excluding technicalI coop.) ... 192 189 186 170 301 328 345 298 Memo: technical coop. grants . . 36 57 94 71 71 73 115 82 official net resource flows ... 300 252 248 197 330 425 352 271 private net resource flows .. 237 696 729 898 405 372 -169 -24 NET TRANSFERS . . 122 532 567 670 275 268 -491 -490 Interest on long-term debt ... 100 103 47 25 51 79 274 312 Profit remittances on FDI .. 314 313 362 400 410 450 400 425 Memo: official net transfers ... 280 225 233 190 319 412 325 250 private net transfers . . -158 307 334 480 -44 -144 -815 -740 3. MIAJORt E( ONONIIC -%GGRE(. %TES Gross national product (GNP) ... 8,220 9,857 3,511 3,239 1,943 2,300 4,106 4,384 Exports of goods & services (XGS) ... 4,003 3,636 3,991 3,018 3,180 3,852 5,406 5,308 of which workers remnittances ...0 0 0 0 0 0 0 0 Imports of goods & services (MGS) ... 4,161 4,243 4,828 3,852 3,765 4,302 5,980 6,098 International reserves (RES) . .. .. Current account balance ..-236 -580 -735 -669 -340 -295 3,266 4. DEBI INDICATORS EDT!/ XGS (7%) ... 214.7 247.6 252.1 350.4 355.2 299.0 195.0 191.4 EDT/' GNP (%) ... 104.6 91.3 286.6 326.4 581.4 500.6 256.7 231.8 TDS XGS ()... 8.1 10.7 6.1 5.1 8.1 12.0 15.4 15.9 INT /XGS ()... 3.6 4.3 2.5 3.0 3.3 3.4 6.0 6.8 INT GNP(% ... 1.7 1.6 2,9 2.8 5.4 5.7 7.9 8.2 RES /EDT (%) . .. .. .. RES / MGS (months)............ Short-term ,'EDT (%) ... 11.5 14.4 19.2 17.8 19.2 17.0 11.2 12.6 Concessional I/ EDT (%) ... 14.0 14.2 13.0 12.5 12.5 13.0 20.5 21.9 Multilateral I/~ EDT (%) ... 0.7 1.0 1.1 1.2 1.5 1.7 2.1 2.3 61 ANGOLA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. L-ONG-1 ERM DIE BT DEBT OUTSTANDING (LDOD) ..7,605 7,704 8,132 8,694 9,126 9,553 9,365 8,885 Public and publicly guaraniteed . .. 7,605 7,704 8,132 8,694 9,126 9,553 9,365 8,885 Official creditors 1,865 1,937 1,959 1,965 2,119 2,254 2,892 2,891 Multilateral .. 57 94 112 125 164 192 218 234 CoDcessional ... 20 36 41 51 88 119 151 168 Bilateral ... 1.809 1,842 1,848 1,839 1,955 2,063 2,674 2,658 Concessional ... 1,179 1,246 1,263 1,266 1,319 1,373 2,015 2,062 Private creditors ... 5,740 5,768 6,173 6,729 7.007 7,299 6,474 5,994 Bonds ...0 0 0 0 0 0 0 0 Commercial banks . .. 196 204 214 229 612 1,361 4.499 4,212 Other private ... 5,544 5,564 5,959 6,500 6,396 5,938 1.975 1,782 Private nonguaranteed .. 0 0 0 0 0 0 0 0 Bonds ..0 0 0 0 0 0 0 0 Commercial banks ...0 0 0 tI0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 6 15 50 81 115 136 DISBURSEMENTS . .. 862 327 647 685 417 550 47 82 Public and publicly guaranteed . .. 862 327 647 685 417 550 47 82 Official creditors .. 169 138 106 52 73 126 44 34 Multilateral ...5 37 21 14 33 30 38 28 Concessional ...4 16 6 10 33 30 38 28 Bilateral . . 164 101 85 38 40 95 6 6 Concessional .. 56 62 34 21 40 33 5 6 Private creditors ... 693 189 540 634 344 424 3 48 Bonds .. 0 0 0 0 0 0 0 0 Commercial banks . .. 1 7 15 9 16 299 396 0 0 Other private ... 676 175 531 617 45 28 3 48 Private nonguaranteed . .. 0 0 0 0 0 0 0 0 Bonds ...0 0 0 0 0 0 0 0 Commercial banks . .. 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 6 10 33 30 38 28 PRINCIPAL REPAYMENTS . . 183 233 144 62 152 331 510 483 Public and publicly guaranteed . .. 183 233 144 62 152 331 510 483 Official creditors ... 61 75 44 24 44 29 38 6 1 Multilateral ...4 2 0 0 0 2 0 1 Concessional ...0 0 0 0 0 0 0 0 Bilateral ... 58 73 44 24 43 27 38 60 Concessional ...1 5 3 2 9 3 8 14 Private creditors ..121 158 100 38 109 302 472 422 Bonds . .0 0 0 0 0 0 0 0 Commercial banks . .. 24 8 5 1 48 108 268 283 Other private ... 98 150 95 37 61 194 205 140 Private nonguaranteed . .. 0 0 0 0 0 0 0 0 Bonds . .0 0 0 0 0 0 0 0 Commercial banks . . 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 679 95 503 624 264 219 -463 -401 Public and publicly guaranteed . .. 679 95 503 624 264 219 -463 -401 Official creditors ... 108 63 62 28 29 97 6 -27 Multilateral ...1 36 21 14 33 29 38 27 Concessional ...4 16 6 10 33 30 38 28 Bilateral ... 107 28 41 14 -4 68 -31 -54 Concessional .. 55 57 31 18 31 30 -2 -8 Private creditors ... 572 31 441 596 235 122 -469 -374 Bonds ...0 0 0 0 0 0 0 0 Commercial banks . .. -7 7 4 16 252 288 -267 -283 Other private .. 579 25 437 580 -16 -165 -202 -92 Private nonguaranteed . . 0 0 0 0 0 0 0 0 Bonds ...0 0 0 0 0 0 0 0 Commercial banks . .. 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 6 10 33 30 38 28 62 ANGOLA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 19921 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) . 100 103 47 25 51 79 274 312 Public and publicly guaranteed . . 100 103 47 25 51 79 274 312 Official creditors ... 20 27 15 8 11 13 27 21 Multilateral ...2 3 5 0 0 1 1 1 Concessional ...0 0 0 0 0 0 1 1 Bilateral ... 17 24 10 8 11 12 27 20 Concessional ...1 3 3 3 7 7 2 6 Private creditors ... 81 76 32 18 40 66 246 291 Bonds ...0 0 0 0 0 0 0 0 Commercial banks . .. 8 6 5 3 11 33 212 267 Other private ... 73 70 27 15 29 34 34 24 Private nonguaranteed .. 0 0 0 0 0 0 0 0 Bonds ...0 0 0 0 0 0 0 0 Commercial banks . .. 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 1 1 NET TRANSFERS ON DEBT . 579 -8 456 598 214 140 -736 -713 Public and publicly guaranteed . . 579 -8 456 598 214 140 -736 -713 Official creditors ... 8 36 47 20 18 84 -21 -48 Multilateral ..-2 33 16 14 33 28 37 27 Concessional ..4 15 6 10 33 30 37 27 Bilateral ... 90 4 31 6 -15 56 -58 -74 Concessional .. 54 54 29 15 24 23 -5 -14 Private creditors ... 491 -45 409 578 196 56 -715 -665 Bonds ...0 0 0 0 0 0 0 0 Commercial banks ... -15 1 -1 13 241 255 -479 -550 Other private ... 506 -45 410 565 -45 -199 -236 -116 Private nonguaranteed - . 0 0 0 0 0 0 0 0 Bonds ..0 0 0 0 0 0 0 0 Commercial banks . .. 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 6 10 33 30 37 27 DEBT SERVICE (LTDS) - . 283 336 191 87 203 410 783 795 Public and publicly guaranteed -.283 336 191 87 203 410 783 795 Official creditors ... 81 102 59 32 55 42 65 82 Multilateral ...6 5 5 0 1 3 1 1 Concessional ...0 0 0 0 0 0 1 1 Bilateral .., 75 97 54 32 54 39 64 80 Concessional ...2 9 5 5 15 10 10 20 Private creditors ... 202 234 132 56 148 368 718 713 Bonds ...0 0 0 0 0 0 0 0 Commercial banks . .. 31 14 11 3 58 141 479 550 Other private .. 171 220 121 52 90 227 239 164 Private nonguaranteed - . 0 0 0 0 0 0 0 0 Bonds ...0 0 0 0 0 0 0 0 Commercial banks . .. 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 1 1 UNDISBURSED DEBT . 1,356 1,431 1,588 1,399 1,219 1,112 833 891 Official creditors . .. 499 593 777 700 716 617 348 284 Private creditors ... 857 839 811 609 503 495 485 607 Memorandum items Concessional LDOD ... 1,199 1,282 1,304 1,317 1,407 1,492 2,166 2,230 Variable rate LDOD . .. 450 406 362 366 548 850 727 652 Public sector LDOD ... 7,600 7,700 8,125 8,687 9,097 9,523 9,340 8,862 Private sector LDOD ...5 5 7 7 29 30 25 23 6. CUiRRENCI comIPOSmT oN OF LON(;-TERM1 DEW] PERCENT' Deutsche mark ... 0.3 0.3 0.2 0.2 0.2 0.2 0.3 0.3 French franc .. 3.6 4.0 3.6 3.5 3.9 4.4 4.2 3.9 Japanese yen ... 0.3 0.4 0.3 0.3 0.4 0.3 0.3 0.8 Pound sterling ... 1.4 1.4 1.0 0.9 0.9 0.9 1.0 1.0 Swiss franc ... 0.7 0.4 0.2 0.t 0.1 0.1 0.3 0.3 U.S.dollars ... 80.7 80.2 81.8 82.7 81.9 80.9 86.5 86.8 Multiple currency ... 0.5 1.0 1.1 1.0 1.0 1.0 0.9 0.9 Special drawing rights ... 0.0 0.0 0.0 0.1 0.3 0.5 0.7 0.9 All other currencies ... 12.5 12.3 11.8 11.1 11.1 11.6 5.8 5.2 63 ANGOLA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 '. DEBT RE%T'RL'CL1 RINUS Total amount rescheduled 252 0 0 0 273 437 1,545 94 Debt stock rescheduled 53 0 0 0 0 0 0 0 Principat rescheduled ... 160 0 0 5 205 369 1,539 28 Official ... 18 0 0 0 39 0 267 0 Private .. 141 0 0 5 166 369 1,273 28 Interest rescheduled 43 0 0 3 44 72 300 0 Official ...8 0 0 0 8 0 38 0 Private 34 0 0 3 36 72 262 0 Debt forgiven ..0 0 0 0 0 0 3,746 0 Memo: interest forgiven 0 0 0 0 0 0 3 0 Debt stock reduction ...0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 S. DEBI STOCK-1`1_0~ REUONCILIA liON Total change in debt stocks 1,303 409 1,059 513 722 219 -974 -381 Net flows on debt ... 977 226 907 295 306 -89 -512 -357 Net change in interest arrears ... 130 178 227 281 247 100 -737 55 Interest capitalized ... 43 0 0 3 44 72 300 0 Debt forgiveniess or reduction ...0 0 0 0 0 0 -3,746 0 Cross-currency valuarion ... 181 -8 -73 -56 108 92 -66 -122 Residual ... -27 13 -3 -8 16 44 3,787 43 9. .% ERAGE T'ERINS OF NFIt CONMMITMENTS ALL CREDITORS Interest (%,) ... 6.9 5.0 5.5 6.5 6.9 8.1 0.7 0.0 Maturity (years) ... 11.3 17.5 13.4 6.1 3.8 8.7 39.7 0.0 Grace period (years) .. 2.5 4.7 3.3 1.3 0.8 0.4 10.2 0.0 Grant element (%) ... 14.4 31.5 23.5 9.6 5.1 5.4 80.5 0.0 Ofricial creditors Interest (%) ... 5.8 3.4 3.3 0.7 10.2 8.1 0.7 0.0 Maturity (years) ... 16.7 26.5 28.7 39.8 7.7 9.9 39.7 0.0 Grace period (years) ... 3.7 6.6 7.0 10.3 1.9 0.4 10.2 0.0 Grant element (%) ... 22.1 50.9 51.9 80.6 2.3 6.4 80.5 0.0 Private creditors Interest (%) ... 7.7 7.1 6.9 6.8 6.2 8.1 0.0 0.0 Maturity (years) ... 7.4 6.3 4.0 4.6 3.0 8.6 0.0 0.0 Grace period (years) ... 1.8 2.2 1.0 0.9 0.6 0.4 0.0 0.0 Grant element (%) ... 9.1 7.2 6.1 6.4 5.6 5.4 0.0 0.0 Memorandum items Commitments ... 523 390 827 460 329 420 24 0 Official creditors ... 215 216 315 20 56 3 24 0 Private creditors... 308 173 512 441 273 417 0 0 lo). coN.TR.Acl-TUA%L OBLIG ATIONS OIN OL'ITST NDING LONG-T ER-M DEBIT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 635 75 40 15 7 1 1 1 0 0 Principal 654 508 429 487 475 422 401 360 328 319 Interest 395 356 322 409 377 347 320 294 272 251 Official creditors Disbursemienits 84 57 31 15 7 1 1 1 0 0 Principal 151 129 98 201 201 169 160 158 156 149 Interest 35 27 21 132 121 110 101 92 83 75 Bilateral creditors Disbursements 24 13 7 4 2 1 1 1 0 0 Principal 140 118 88 190 188 157 151 150 147 140 Interest 28 20 15 127 116 106 97 89 80 72 Multilateral creditors Disbursements 60 44 24 11 5 0 0 0 0 0 Principal 10 10 10 10 12 12 9 9 9 8 Interest 7 7 6 5 5 4 4 3 3 3 Private creditors Disbursements 550 18 9 0 0 0 0 0 0 0 Principal 503 380 331 286 275 253 241 201 172 170 Interest 360 330 301 277 257 237 219 202 188 176 Commercial banks Disbursements 452 0 0 0 0 0 0 0 0 0 Principal 282 251 241 237 237 237 237 199 170 170 Interest 228 181 106 40 1 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1,244 2,691 1,216 840 653 528 557 249 549 249 fInterest 602 555 381 346 319 236 191 176 161 121 64 ARGENTINA (US$ million, iunless othzerwise indicated,) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SL'IMAI-11 DEBTf DAT'A TOTAL DEBT STOCKS (EDT) .. 27.157 62,233 65,403 68,345 70,576 80,338 93,925 105,170 123,221 Long-term debt (LDOD) 5,171 16,774 48,705 49,374 49,855 58,403 68,956 77,624 86,677 99,365 Public and publicly guaranteed 1,880 10,181 46,905 47,574 47,611 52,034 55,832 61,557 67,609 73,955 Private nonguaranteed 3,291 6,593 1,800 1,800 2,244 6,369 13,123 16,066 19,068 25,411 Use of IMF credit 0 0 3,083 2,483 2,314 3,520 4,211 6,131 6,293 5,868 Short-term debt 10,383 10,445 13,546 16,176 8,653 7,171 10,170 12,200 17,988 of which interest arrears on LDOD ..0 7,562 8,625 9,076 1 1 0 0 0 Official cteditors ..0 132 259 627 0 0 0 0 0 Private creditors ..0 7,429 8,366 8,450 1 1 0 0 0 Memo: principal arrears on LDOD ..0 4,369 4,982 5,782 0 0 0 0 0 Official creditors ..0 224 331 430 0 0 0 0 0 Private creditors ..0 4,145 4,652 5,352 0 0 0 0 0 Memo: export credits ..8.964 9,608 9.749 11,593 12,514 12,262 11,791 10,517 TOTAL DEBT FLOWS Disbursements 907 4,708 1,587 2,714 3,293 11,964 9,599 12,333 18,689 23,352 Long-term debt 907 4.708 1,150 2,314 2,470 10,352 8,722 9,968 17893 22,910 IMF purchases 0 0 437 400 824 1,613 876 2,365 796 442 Principal repayments 772 1,853 3,444 2,506 2,057 3,255 2,582 4,334 8,117 12,544 Long-term debt 772 1,853 2,747 1,516 1,159 2,871 2,168 3,849 7.686 12,066 IMF repurchases 0 0 697 991 898 384 415 484 431 479 Net flows on debt 135 2,855 -1,857 2,246 3,416 10,895 5,534 10,999 12,602 16,596 of which short-termn debt ...0 2,038 2,179 2,186 -1,482 3,000 2,030 5,788 Interest payments (INT) .. 2,329 2,717 2,914 2,826 3,301 4,110 5,358 5,895 7,424 Long-term debt 338 1,337 2,209 2,364 2"401 2,527 3,406 4,564 4,954 6,273 IMF charges 0 0 277 237 178 206 203 275 270 276 Short-term debt .. 992 231 312 246 568 502 520 671 876 Net transfers on debt .. 526 -4,574 -668 590 7,594 1,424 5,641 6,706 9,171 Total debt service paid (TDS) .. 4,182 6,161 5,420 4,882 6,556 6,693 9,692 14,012 19,969 Long-term debt 1,110 3,190 4,956 3,880 3,560 5,399 5,573 8,413 12,640 18,338 [MF repurchases and charges 0 0 975 1,228 1,077 590 618 759 701 755 Short-term debt (interest only) .. 992 231 312 246 568 502 520 671 876 2. 2-Gt RF(C ATE NET RESOUIRCE FLO%%S.AND N E T'iRANSFERS il-ONG-TERMT NET RESOURCE FLOWS 143 3,535 273 3,699 5,742 16,302 10,882 11,148 16,188 19,751 Net flow of long-term debt (ex, IMF) 135 2,855 -1,597 798 1,311 7,480 6,555 6,119 10,206 10,844 Foreign direct investment (net) 11 678 1,836 2,439 4,012 3,261 3,107 4,783 5,090 6,645 Portfolio equity flows 0 0 13 420 392 5,529 1,205 211 864 2,236 Grants (excluding technical coop.) -3 2 21 42 27 32 16 36 27 26 Memo: technical coop. grants 12 35 84 101 112 138 159 166 228 205 official net resource flows 49 60 477 802 126 2,704 747 1,473 51 -84 private net resource flows 94 3,476 -203 2,897 5,616 13,598 10,135 9,675 16,136 19,835 NET TRANSFERS -268 1,593 -2,573 527 2,496 12,829 6,357 5,285 9,734 11,878 Interest on long-term debt 338 1,337 2,209 2,364 2,401 2,527 3,406 4,564 4,954 6,273 Profit remittances on FDI 73 605 637 807 845 946 1,120 1,300 1,500 1,600 Memo: official net transfers 16 -87 21 212 -595 1,760 -438 74 -1,280 -1,338 private net transfers -284 1,679 -2,593 316 3,092 11,069 6,794 5,211 11,013 13,216 3. %I N.JOR ECONOMIT( .G( DREC; ATES Gross national product (GNP) 30,397 76,287 135,036 175,308 222,420 254,637 277,957 276,180 293,443 318,617 Exports of goods & services (XGS) .. 11,202 16,654 16,132 16,832 17,787 21,578 28,260 31,754 34,003 of which workers remittances . 0 0 0 42 47 41 41 41 Imports of goods & services (MGS) .. 15,999 13,100 17,572 22,955 25,828 31,969 31,419 35,834 44,431 International reserves (RES) 682 9,297 6,222 7,463 11,447 15,499 16,003 15,980 19,719 22,425 Current account balance .. -4,774 4,552 -647 -5,462 -7,672 -10,118 -2,768 -3,787 -10,119 4. DEBTl INDICATORS EDT! XGS (% . 242.4 373.7 405.4 406.0 396.8 372.3 332.4 331.2 362.4 EDT! GNP (% . 35.6 46.1 37.3 30.7 27.7 28.9 34.0 35.8 38.7 TDS /XGS (% . 37.3 37.0 33.6 29.0 36.9 31.0 34.3 44.1 58.7 INT /XGS (% . 20.8 16.3 18.1 16.8 18.6 19.0 19.0 18.6 21.8 INT /GNP (% . 3.1 2.0 1.7 1.3 1.3 1.5 1.9 2.0 2.3 RES /EDT (%) .. 34.2 10.0 11.4 16.7 22.0 19.9 17.0 18.7 18.2 RES / MGS (months) .. 7.0 5.7 5.1 6.0 7.2 6.0 6.1 6.6 6.1 Short-term / EDT (%) .. 38.2 16.8 20.7 23.7 12.3 8.9 10.8 11.6 14.6 Concessional) EDT (%) .. 1.3 0.8 0.9 1.7 2.7 2.8 2.9 2.4 1.8 Multilateral,'I EDT (%) .. 4.0 8.0 8.3 7.4 10.1 9.6 10.0 9.3 8.3 65 ARGENTINA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-rERXM DEBT DEBT OUTSTANDING (LDOD) 5,171 16,774 48,705 49,374 49,855 58,403 68,956 77,624 86,677 99,365 Public and publicly guaranteed 1,880 10,181 46,905 47,574 47,611 52,034 55,832 61,557 67,609 73,955 Official creditors 637 1,903 11,226 12,576 13,1-66 16,834 18,830 20,963 19,811 18,321 Multilateral 281 1,087 5,007 5,419 5,037 7,112 7,748 9,373 9,783 10,266 Concessional 1 36 30 29 27 12 10 9 7 5 Bilateral 356 816 6,219 7,157 8,130 9,721 11,082 11,590 10,028 8,055 Concessional 166 329 498 531 1,105 1,882 2,251 2,737 2,487 2,242 Private creditors 1,243 8,278 35,679 34,998 34,445 35,200 37,002 40,594 47,798 55,634 Bonds 386 832 11,514 11,661 11,620 33,974 35,628 38,977 46,485 54,423 Commercial banks 121 6,065 22,661 22.019 21,618 804 916 1,207 1,050 1,040 Other private 735 1,381 1,504 1,318 1,207 422 459 410 264 171 Private nonguaranteed 3,291 6,593 1,800 1,800 2,244 6,369 13,123 16,066 19,068 25,411 Bonds 0 0 21 286 1,671 5,225 7,366 7,582 8,760 10,311 Commercial banks 3,291 6,593 1,779 1,514 573 1,144 5,757 8,484 10,308 15,100 Memo: IBRD 181 404 2,609 2,790 2,505 3,739 4,109 4,913 5,372 5,495 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 907 4,708 1,150 2,314 2,470 10,352 8,722 9,968 17,893 22,910 Public and publicly guaranteed 482 2,839 1,129 2,049 1,070 6,747 4,383 7,618 13,023 15,682 Official creditors 162 276 910 1,407 766 3,315 1,469 2,803 1,677 1,858 Multilateral 64 208 736 821 364 2,540 787 1,936 1,583 1,672 Concessional 0 6 0 0 0 0 0 0 0 0 Bilateral 98 69 174 586 402 775 683 867 94 186 Concessional 46 13 149 10 2 575 238 630 34 68 Private creditors 321 2,563 219 641 304 3.431 2,914 4,815 11,346 13,824 Bonds 119 136 0 500 250 3,291 2.726 4,630 11,204 13,789 Commercial banks 53 2,173 183 134 33 91 110 119 142 35 Other private 149 253 36 7 21 49 77 66 0 0 Private nonguaranteed 424 1,869 21 265 1,400 3,605 4,339 2,350 4,870 7,229 Bonds 0 0 21 265 1,400 3,605 2,430 834 2,490 3,084 Commercial banks 424 1,869 0 0 0 0 1,910 1,516 2,380 4,145 Memo: IBRD 32 71 405 460 171 1,507 548 941 1,077 797 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 772 1,853 2,747 1,516 1,159 2,871 2,168 3,849 7,686 12,066 Public and publicly guaranteed 344 1,146 2,747 1,516 924 2,821 1,678 2,584 4,594 8,598 Official creditors 110 218 454 647 667 643 738 1,366 1,653 1,967 Multilateral 16 121 405 549 597 564 665 512 565 571 ConceSSional 0 4 2 2 2 2 2 2 2 2 Bilateral 94 97 49 98 71 79 74 854 1,088 1,396 Concessional I11 34 0 0 0 13 20 58 103 144 Private creditors 234 928 2,293 869 256 2.178 939 1,219 2,942 6,631 Bonds 20 178 878 349 219 2,077 810 920 2,611 6,390 Commercial banks 69 481 1,343 417 14 49 63 173 208 153 Other private 145 268 72 103 24 52 67 125 122 88 Private nonguaranteed 428 707 0 0 235 50 490 1,265 3,092 3,468 Bonds 0 0 0 0 15 50 290 631 1.311 1,468 Commercial banks 428 707 0 0 220 0 200 634 1.781 2,000 Memo: IBRD 5 34 233 351 383 334 425 259 282 299 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 135 2,855 -1,597 798 1,311 7,480 6,555 6,119 10,206 10,844 Public and publicly guaranteed 139 1,693 -1,618 533 147 3,925 2,705 5,034 8,429 7,084 Official creditors 52 58 456 760 99 2,672 731 1,437 24 -110 Multilateral 47 86 332 272 -232 1,976 122 1,424 1,018 1,100 Concessional 0 3 -2 -2 -2 -2 -2 -2-2 -2 Bilateral 5 -29 125 488 332 696 609 13 -994 -1,210 Concessional 35 -20 149 10 2 562 219 572 -69 -76 Private creditors 87 1,635 -2,074 -227 47 1,253 1,974 3,596 8,404 7,193 Bonds 99 -42 -878 151 31 1,214 1,916 3,710 8,593 7,399 Comnmercial banks -16 1,692 -1,160 -283 19 42 48 -54 -67 -118 Other private 4 -16 -36 -96 -3 -3 10 -60 -122 -88 Private nonguaranteed -4 1,162 21 265 1,165 3,555 3,849 1,085 1,778 3,761 Bonds 0 0 21 265 1,385 3,555 2,140 203 1,179 1,616 Commercial banks -4 1,162 0 0 -220 0 1,710 882 599 2,145 Memo: IBRD 27 37 172 109 -211 1,173 123 682 795 498 IDA 0 0 0 0 0 0 0 0 0 0 66 ARGENTINA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 338 1,337 2,209 2,364 2,401 2,527 3,406 4,564 4,954 6,273 Public and publicly guaranteed 121 841 2,065 2,231 2,275 2,310 2,845 3,679 4,012 5,042 Official creditors 33 146 456 591 721 944 1,185 1,399 1,331 1,254 Multilateral 18 98 375 428 456 476 588 617 635 692 Concessional 0 1 1 1 1 1 1 0 0 0 Bilateral 16 49 81 163 265 469 597 782 697 562 Concessional 4 15 0 0 0 43 73 114 114 103 Private creditors 88 695 1,609 1,641 1,554 1,366 1,661 2,279 2,681 3,789 Bonds 23 80 973 882 812 1,310 1,594 2,177 2,565 3,702 Commercial banks 9 504 623 726 736 28 42 72 93 72 Other private 56 i11 14 33 6 28 25 30 23 15 Private nonguaranteed 217 496 144 133 126 217 560 885 942 1,230 Bonds 0 0 0 2 38 172 469 641 691 806 Commercial banks 217 496 144 131 89 46 92 244 251 424 Memo: IBRD 11 37 182 216 228 233 284 306 326 335 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -203 1,518 -3,806 -1,566 -1,090 4,953 3,149 1,555 5,252 4,572 Public and publicly guaranteed 18 852 -3,683 -1,698 -2,129 1,615 -140 1,355 4,417 2,041 Official creditors 18 -88 0 170 -622 1,728 -454 38 -1,307 -1,364 Multilateral 30 -11 -44 -156 -689 1,500 -466 807 384 408 Concessional 0 1 -2 -3 -3 -2 -2 -2 -2 -2 Bilateral -11 -77 44 325 66 228 12 -769 -1,690 -1,772 Concessional 31 -35 149 10 2 519 145 458 -183 -179 Private creditors 0 940 -3,683 -1,868 -1,506 -113 314 1,317 5,724 3,405 Bonds 77 -122 -1,851 -731 -781 -95 322 1,533 6,029 3,697 Commercial banks -25 1,189 -1,782 -1,009 -718 14 6 -126 -160 -190 Other private -52 -127 -50 -128 -8 -31 -14 -89 -145 -102 Private nonguaranteed -221 666 -123 132 1,039 3,338 3,289 200 835 2,531 Bonds 0 0 21 263 1,347 3,384 1,671 -438 487 810 Commercial banks -221 666 -144 -131 -309 -46 1,618 638 348 1,721 Memo: IBRD 16 0 -10 -107 -439 940 -161 376 469 162 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 1,110 3,190 4,956 3,880 3,560 5,399 5,573 8,413 12,640 18,338 Public and publicly guaranteed 464 1,987 4,812 3,747 3,199 5,131 4,523 6,263 8,606 13,641 Official creditors 143 364 910 1,238 1,389 1,587 1,923 2,765 2,984 3,221 Multilateral 34 219 780 977 1,053 1,040 1,252 1,129 1,199 1,264 Concessional 0 5 2 3 3 2 2 2 2 2 Bilateral 109 146 130 261 336 548 671 1,636 1,785 1,957 Concessional 15 48 0 0 0 56 93 171 216 247 Private creditors 321 1,623 3,902 2,509 1,810 3,544 2,600 3,498 5,622 10,420 Bonds 42 258 1,851 1,231 1,031 3,387 2,404 3,097 5,176 10,092 Commercial banks 78 985 1,966 1,143 751 77 105 245 301 225 Other private 201 380 86 136 29 80 92 155 145 102 Private nonguaranteed 646 1,203 144 133 361 267 1,050 2,150 4,035 4,698 Bonds 0 0 0 2 53 222 759 1,272 2,003 2,274 Commercial banks 646 1.203 144 131 309 46 292 878 2,032 2,424 Memo: IBRD 16 71 414 567 611 567 709 565 608 635 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 577 2,176 2,355 3,026 3,892 3,937 4,737 6,569 5,903 6,354 Official creditors 325 1,122 1,936 2,625 3,493 3,468 4,130 6,075 5.553 5,937 Private creditors 252 1,054 419 401 399 470 607 494 350 417 Memorandum items Concessional LDOD 167 365 529 560 1,132 1,894 2,261 2,745 2,493 2,246 Variable rate LDOD 3,291 12,417 28,187 27,899 27,559 31,377 38,486 42,829 44,288 50,511 Public sector LDOD 1,780 7,979 44,737 45,451 45,551 52,0L1 55,817 61,~535 67,567 73,873 Private sector LDOD 3,390 8,795 3,969 3,924 4,304 6,393 13,139 16,088 19,111 25,492 6. CILRRENC'Y CONMPOsi rION OF i.o-NG-TERM1% DEBT (PE-RCENTI- Deutsche mark 15.7 9.5 10.4 9.5 9.0 7.2 8.5 10.3 13.8 12.0 French franc 1.8 1.2 1.5 1.4 1.3 0.9 0.9 1.2 0.9 0.6 Japanese yen 0.2 5.8 6.7 6.7 6.6 4.0 5.9 8.4 7.8 6.2 Pound sterling 2.9 1.6 1.1 1.0 0.8 0.2 0.2 0.2 0.4 0.8 Swiss franc 1.9 3.4 2.2 1.9 1.8 1.0 1.1 1.4 1.2 0.9 U.S.dollars 47.7 64.5 54.5 54.3 55.9 72.2 68.2 63.4 60.6 65.3 Multiple currency 17.7 10.3 19.5 21.2 21.0 11.9 11.8 11.8 11.0 9.6 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 12.0 3.6 4.2 3.9 3.5 2.6 3.4 3.3 4.3 4.7 ARGENTINA (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. D)EBT RESTI4'RUTuRINC,S Total amount rescheduled 0 0 932 860 631 26,503 847 248 0 0 Debt stock rescheduled 0 0 0 0 0 18,036 0 0 0 0 Pliinwpal I schieduled 0 0 512 620 523 973 844 198 0 0 Official 0 0 381 543 456 963 834 158 0 0 Private 0 0 131 77 67 10 10 40 0 0 Interest rescheduled 0 0 420 237 107 7,495 3 50 0 0 Official 0 0 382 212 88 88 3 22 0 0 Private 0 0 38 25 19 7,407 0 29 0 0 Debt forgiven ..0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 7,202 698 661 3,265 399 954 0 3,461 of which debt buyback 0 0 1,232 0 0 0 0 0 0 2,446 S. DEBT STOCK-FLOWN RE(ONCHAL-TION Total change in debt stocks ..-3,023 3,170 2,942 2,231 9,762 13,587 11,245 18,052 Net flows on debt -1,857 2,246 3,416 10,895 5,534 10,999 12,602 16,596 Net change in interest arrears ... 1,920 1,063 452 -9,076 0 -t 0 0 Interest capitalized ... 420 237 107 7,495 3 50 0 0 Debt forgiveness or reduction ... -5,970 -698 -661 -3,265 -399 -954 0 -1,014 Cross-currency valuation ... 1,688 132 -770 -170 1,758 954 -2,378 -3,467 Residual ... 775 190 398 -3,648 2,865 2,539 1,021 5,937 'J. AER.%GE rFR'AIS OF NE%$ COMAIIIrMENTN ALL CREDITORS Interest (%) 7.3 13.7 6.2 8.0 8.2 7.1 7.3 7.1 8.4 7.S Maturity (years) 11.9 8.6 17.0 17.0 16.6 11.8 9.5 10.3 8.3 12.9 Grace period (years) 2.9 4.5 3.5 5.6 5.6 6.0 3.9 4.3 7.2 10.8 Grant element (%) 12.7 -17.4 20.4 11.8 9.9 15.0 12.4 12.9 4.0 6.9 Ofricial creditors Interest (%) 7.5 6.0 6.3 7.9 8.3 6.5 5.8 6.4 6.8 6.7 Maturity (years) 16.7 14.5 19.1i 19.8 18.2 15.2 16.6 16.2 15.1 16.9 Grace period (years) 3.4 5.2 4.0 5.8 5.7 4.8 4.8 4.7 5.0 4.3 Grant element (%) 11.6 20.7 21.9 13.3 10.3 19.8 24.9 20.0 18.1 18.6 Private creditors Interest (%) 7.3 14.3 6.0 8.4 8.1 7.8 8.3 7.8 8.6 7.7 Maturity (years) 10.6 8.2 8.4 6.6 6.5 8.0 4.4 4.4 7.5 12.1 Grace period (years) 2.7 4.4 1.4 5.0 5.0 7.3 3.3 3.8 7.5 12.0 Grant element (%) 13.0 -20.5 14.1 6.2 7.2 9.6 3.3 5.8 2.3 4.7 Memorandum items Commitments 494 3,062 572 2,899 2,296 5,263 5,265 9,386 t2,494 16,638 Official creditors 105 225 460 2,276 1,992 2,763 2,212 4,672 1,324 2,729 Private creditors 389 2,837 113 623 304 2,500 3,053 4,714 11,169 13,909 I'). CONTRACT'UAL. OBIAG V'[IONS ON O1 TSIA.N"DING LONG-TERNI DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAIL Disbursements 1,908 1,386 1,031 752 497 291 197 115 89 52 Principal 16,376 12,479 10,239 8,461 8,835 6,702 7,763 3,205 3,520 3,604 Interest 7,008 6,458 5,449 4,720 4,155 3,594 3,011 2,508 2,307 2,026 Ofricial creditors Disbursements 1,683 1,261 981 734 497 291 197 115 89 52 Principal 2,225 2,480 2,345 2,022 1,903 1,745 1,690 1,661 1,611 1,567 Interest 1,284 1,209 1,105 997 900 800 702 601 500 399 Bilateral creditors Disbursements 350 230 130 69 32 13 8 I 0 0 Principal 1,409 1.529 1,328 860 682 545 544 522 472 440 Interest 502 418 326 248 197 161 129 98 68 41 Multilateral creditors Disbursements 1,333 1,031 851 665 465 278 188 114 89 52 Principal 816 951 1,017 1,162 1,220 1,200 1,146 1,139 1,139 1,128 Interest 782 792 779 750 703 639 572 503 432 359 Private creditors Disbursements 225 125 50 17 0 0 0 0 0 0 Principal 14,151 9,999 7,895 6,440 6,932 4,957 6,072 1,545 1,909 2,037 Interest 5,724 5,248 4,344 3,723 3,255 2,794 2,309 1,907 1,807 1,627 Commercial banks Disbursements 225 125 50 17 0 0 0 0 0 0 Principal 230 256 238 150 142 107 83 74 73 58 Interest 82 74 62 49 39 29 22 17 12 7 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 13,921 9,743 7,657 6,290 6,790 4,850 5,989 1,471 1,836 1,979 Interest 5,643 5,174 4,282 3,674 3,217 2,765 2,287 1,890 1,795 1,620 68 ARMENIA (US$ million, iunless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SLUMMNIARI'DEBT DAT % TOTAL DEBT STOCKS (EDT) . .. . .. 40.9 133.9 214.3 370.7 550.0 665.5 Long-term debt (LDOD) . .. . .. 2.9 133.9 188.6 298.3 432.1 511.5 Public and publicly guaranteed ...... 2.9 133.9 188.6 298.3 432.1 511.5 Private nonguarantee-d ...... 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit ...... 0.0 0.0 24.6 70.2 116.5 132.1 Short-term debt ...... 38.0 0.0 1.1 2.1 1.4 22.0 of which interest arrears on LDOD ...... 0.0 0.0 1.1 1.1 0.0 0.0 Official creditors ...... 0.0 0.0 1.1 1.1 0.0 0.0 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principat arrears on LDODO. . . 0.0 0.0 31.2 75.4 64.0 53.2 Official creditors ...... 0.0 0.0 31.2 75.4 64.0 53.2 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memno: export credits ...... 287.0 0.0 0.0 0.0 18.0 0.0 TOTAL DEBT FLOWS Disbursements . .... 3.4 87.3 84.7 148.5 196.1 131.7 Long-term debt ...... 3.4 87.3 60.5 102.4 147.1 108.5 IMF purchases ...... 0.0 0.0 24.2 46.1 49.0 23.2 Principal repayments . .... 0.0 0.6 0.0 2.8 38.5 10.4 Long-term debt ...... 0.0 0.6 0.0 2.8 38.5 10.4 IMF repurchases ...... 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt . .... 41.4 79.6 84.7 146.6 158.0 141.9 of which short-term debt ...... 38.0 -7.2 0.0 1.0 0.4 20.6 Interest payments (INT) . .... 0.0 1.4 4.4 8.5 11.5 17.3 Long-termn debt ...... 0.0 1.4 4.4 6.7 8.3 13.4 IMF charges .... . 0.0 0.0 0.0 1.7 3.2 3.3 Short-term debt ...... 0.0 0.0 0.0 0.0 0.1 0.6 Net transfers on debt . .... 41.4 78.1 80.3 138.2 146.5 124.6 Total debt service paid (TDS) ...... 0.0 2.0 4.4 11.3 50.0 27.7 Long-term debt ...... 0.0 2.0 4.4 9.6 46.8 23.8 IMF repurchases and charges ...... 0.0 0.0 0.0 1.7 3.2 3.3 Short-termn debt (interest onlv) ...... 0.0 0.0 0.0 0.0 0.1 0.6 2.MAGGREGATE NEl' FtESOLIRC'E FLOV~S ANID NET TRANSFERS 1LONG.-TERMI1 NET RESOURCE FLOWS . .. . . 22.4 183.6 239.5 204.2 184.2 184.5 Net flow of tong-term debt (ex. IMF) .... . 3.4 86.8 60.5 99.5 108.6 98.1 Foreign direct investment (net) ...... 0.0 0.0 8.0 14.0 17.6 51.0 Pottfolio equity flows ...... 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) ...... 19.0 96.8 171.0 90.7 58.0 35.4 Memo: technical coop. grants .... . 3.0 12.7 14.8 38.6 84.8 15.9 official net resource flows ...... 22.4 183.6 231.5 190.2 166.6 133.5 private net resource flows ...... 0.0 0.0 8.0 14.0 17.6 51.0 NET TRANSFERS . . . .. 22.4 182.2 235.1 197.5 174.9 169.1 Interest on long-term debt ...... 0.0 1.4 4.4 6.7 8.3 13.4 Profit remittances on FDI .... . 0.0 0.0 0.0 0.0 1.0 2.0 Memo: official net tranisfers ...... 22.4 182.2 227.1 183.5 158.3 120.1 private net transfers .... . 0.0 0.0 8.0 14.0 16.6 49.0 31. MAJOR ECONOMIC AGGREGATES Gross national product (GNP) ...... 945.6 2,014.0 2,335.0 2,865.0 1,630.4 1,751.3 Exports of goods & services (XGS) ... .. . 173.5 251.2 313.5 457.0 478.0 of which workers remittances ... .. . 0.0 0.0 12.4 11.0 9.0 Imnports of goods & services (MGS) ... .. . 295.5 463.0 740.8 922.0 989.0 International reserves (RES) ...... 1.3 13.6 36.1 111.2 168.2 239.2 Current accounit balance ... .. . -66.8 -103.8 -218.4 -290.8 -302.6 4. DEBT INDICATORS EDT XGS (%) ... .. . 77.2 85.3 118.2 120.3 139.2 EDT! GNP ()...... 4.3 6.6 9.2 12.9 33.7 38.0 TDS /XGS (% .. .. . 1.2 1.8 3.6 11.0 5.8 INT / XGS (% .. .. . 0.8 1.8 2.7 2.5 3.6 INT /GNP ()...... 0.0 0.1 0.2 0.3 0.7 1.0 RES EDT (%7) .... . 3.2 10.2 16.8 30.0 30.6 35.9 RES /MGS (months) ... .. . 0.6 0.9 1.8 2.2 2.9 Short-termn / EDT (%) ...... 93.0 0.0 0.5 0.6 0.3 3.3 Concessional / EDT (). .... 5.5 12.4 9.6 28.6 36.7 38.9 Multilateral / EDT (%) ...... 0.0 45.3 48.6 56.1 56.8 55.6 69 ARMENIA (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 4. LONGA-RIŹR DEBr DEBT OUTSTANDING (LDOD) . .. . .. 2.9 133.9 188.6 298.3 432.1 511.5 Public and publicly guaranteed ...... 2.9 133.9 188.6 298.3 432.1 511.5 Official creditor-s ...... 2.9 133.9 188.6 298.3 432.1 511.5 Multilateral ..... 0.0 60.7 104.1 208.0 312.1 370.0 Concessional ...... 0.0 0.0 5.6 90.9 175.3 242.1 Bilateral ..... 2.9 73.2 84.6 90.3 119.9 141.4 Concessional ...... 2.3 16.6 15.1 14.9 26.5 16.7 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . .... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private naonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ...... 0.0 0.5 1.6 4.8 9.8 9.9 IDA . .... 0.0 0.0 5.6 90.9 174.0 240.3 DISBURSEMENTS . . . .. 3.4 87.3 60.5 102.4 147.1 108.5 Public and publicly guaranteed . .... 3.4 87.3 60.5 102.4 147.1 108.5 Official creditors ...... 3.4 87.3 60.5 102.4 147.1 108.5 Multilateral ...... 0.0 63.4 37.3 102.4 123.0 81.7 Concessional ...... 0.0 0.0 5.5 88.5 88.3 77.1 Bilateral ...... 3.4 24.0 23.2 0.0 24.1 26.8 Concessional ...... 2.8 2.3 0.0 0.0 15.3 1.2 Private creditors . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . ... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD . .... 0.0 0.5 1.0 3.4 5.4 0.9 IDA ...... 0.0 0.0 5.5 88.5 87.0 76.5 PRINCIPAL REPAYMENTS . . . .. 0.0 0.6 0.0 2.8 38.5 10.4 Public and publicly guaranteed . ... 0.0 0.6 0.0 2.8 38.5 10.4 Official creditors ...... 0.0 0.6 0.0 2.8 38.5 10.4 Multilateral ...... 0.0 0.0 0.0 0.0 10.1 5.3 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 0.0 0.6 0.0 2.8 28.4 5.1 Concessional ...... 0.0 0.0 0.0 0.0 3.7 0.1 Private creditors .... . 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .... . 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds . .... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD .... . 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT . . . .. 3.4 86.8 60.5 99.5 108.6 98.1 Public and publicly guaranteed . .... 3.4 86.8 60.5 99.5 108.6 98.1 Official creditors . .... 3.4 86.8 60.5 99.5 108.6 98.1 Multilateral ...... 0.0 63.4 37.3 102.4 112.9 76.4 Concessional . .... 0.0 0.0 5.5 88.5 88.3 77.1 Bilateral .... . 3.4 23.4 23.2 -2.8 -4.2 21.7 Concessional ...... 2.8 2.3 0.0 0.0 11.6 1.1 Private creditors ... . . 1.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private . .... 0.0 0.0 0.0 0.0 0.0 0.0 Private nortguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ...... 0.0 0.5 1.0 3.4 5.4 0.9 IDA .... . 0.0 0.0 5.5 88.5 87.0 76.5 70 ARMENIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) . .. . .. 0.0 1.4 4.4 6.7 8.3 13.4 Public and publicly guaranteed . . . 0.0 1.4 4.4 6.7 8.3 13.4 Official creditors ...... 0.0 1.4 4.4 6.7 8.3 13.4 Multilateral ...... 0.0 1.3 4.4 6.7 2.9 9.6 Concessional ...... 0.0 0.0 0.0 0.2 0.8 1.2 Bilateral ...... 0.0 0.0 0.0 0.1 5.4 3.8 Concessional . .. 0.0 0.0 0.0 0.1 0.3 0.4 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . ... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .... . 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . .... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD . .... 0.0 0.0 0.1 0.2 0.4 0.6 IDA ...... 0.0 0.0 0.0 0.2 0.8 1.2 NET TRANSFERS ON DEBT . . . .. 3.4 85.4 56.1 92.8 100.3 84.7 Public and publicly guaranteed . .... 3.4 85.4 56.1 92.8 100.3 84.7 Official creditors ...... 3.4 85.4 56.1 92.8 100.3 84.7 Multilateral ...... 0.0 62.0 32.9 95.7 110.0 66.8 Concessional ...... 0.0 0.0 5.5 88.3 87.5 75.9 Bilateral ...... 3.4 23.4 23.2 -2.9 -9.6 17.9 Concessional ...... 2.8 2.3 0.0 -0. 1 11.3 0.7 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD .. .. 0.0 0.5 0.9 3.2 5.1 0.3 IDA ...... 0.0 0.0 5.5 88.3 86.2 75.3 DEBT SERVICE (LTDS) . . . . 0.0 2.0 4.4 9.6 46.8 23.8 Public and publicly guaranteed . .... 0.0 2.0 4.4 9.6 46.8 23.8 Official creditors . .... 0.0 2.0 4.4 9.6 46.8 23.8 Multilateral ...... 0.0 1.3 4.4 6.7 13.0 14.9 Concessional ...... 0.0 0.0 0.0 0.2 0.8 1.2 Bilateral ...... 0.0 0.6 0.0 2.9 33.8 8.9 Concessional ...... 0.0 0.0 0.0 0.1 4.0 0.5 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .... . 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ...... 0.0 0.0 0.1 0.2 0.4 0.6 IDA ...... 0.0 0.0 0.0 0.2 0.8 1.2 UNDISBURSED DEBT . . . .. 50.1 80.9 171.2 188.9 116.7 133.0 Official creditors ...... 50.1 80.9 171.2 188.9 116.7 133.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD ...... 2.3 16.6 20.7 105.9 201.8 258.8 Variable rate LDOD ...... 0.6 113.1 163.8 189.3 228.1 179.0 Public sector LDOD ..2.9 133.9 188.6 298.3 432.1 511.5 Private sector LDOD ...... 0.0 0.0 0.0 0.0 0.0 0.0 6. CURRENCYC (OMPOSI lION OF LONG1TERN%I DEBAT 1PERCFNT1 Deutsche mark ...... 0.0 0.0 0.0 0.0 0.0 0.0 French franc .... . 0.0 0.0 0.0 0.0 0.3 0.5 Japanese yen ...... 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling .... . 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ...... 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ...... 21.0 31.9 42.0 62.6 77.3 86.8 Muiltiple cuirrency ...0.0 0.4 0-5 1.6 2' 3 1.9 Special dfrawing rights ...... 0.0 0.0 0.0 0.0 0.3 0.4 All other currencies ...... 79.0 67.7 57.2 35.8 19.8 10.5 71 ARMENIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7.DEBTF RES RcTUjRINGS Total amount rescheduled ...... 0.0 45.1 0.0 0.0 34.0 73.7 Debt stock rescbeduled ...... 0.0 0.0 0.0 0.0 0.0 73.7 Principal reschcduled ...... 0.0 30.8 0.0 0.0 0.0 0.0 Official .... . 0.0 0.0 0.0 0.0 0.0 0.0 Private . .... 0.0 30.8 0.0 0.0 0.0 0.0 Interest rescheduled . .... 0.0 0.0 0.0 0.0 0.0 0.0 Official ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private . .... 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven . .... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven .... . 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ...... 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback .... . 0.0 0.0 0.0 0.0 0.0 0.0 S. DEBT SFOCK-FLOW% RECONCILIAHlON Total change in debt stocks ... .. . 93.0 80.4 156.3 179.3 115.6 Net flows on debt ... .. . 79.6 84.7 146.6 158.0 141.9 Net change in interest arrears ... .. .0.0 1.1 0.1 -1.1 0.0 Interest capitalized ... .. .0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... .. . 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... .. . -26.9 -17.2 -1.8 -3.5 -7.6 Residual ... .. . 40.4 11.8 11.4 25.9 -18.8 9.* -%ERA(;E T'ERIS OF NF%I CONMMU[MEVrs ALL CREDITORS Interest (%) .... . 3.5 4.4 3.2 1.4 1.8 1.8 Maturity (years) ...... 3.3 10.9 20.7 32.6 33.7 28.8 Grace period (years) .... . 3.1 3.4 6.0 9.2 9.1 8.3 Grant element (%) ...... 17.1 23.8 46.6 71.7 68.6 64.8 Official creditors Interest (%) ...... 3.5 4.4 3.2 1.4 1.8 1.8 Maturity (years) ...... 3.3 10.9 20.7 32.6 33.7 28.8 Grace period (years) ...... 3.1 3.4 6.0 9.2 9.1 8.3 Grant element (%) . .... 17.1 23.8 46.6 71.7 68.6 64.8 Private creditors Interest (%) ...... 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) ...... 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) ...... 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) . .... 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments . .... 56.8 124.0 172.8 131.1 78.8 132.3 Official creditors .... . 56.8 124.0 172.8 131.1 78.8 132.3 Private creditors . .... 0.0 0.0 0.0 0.0 0.0 0.0 Ii. (ONTfRALTU[AL OBLI VI TIONS ON OU)TS I ANDI %,G LONG.TER-NI D)EBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 39.8 37.5 25.0 16.3 8.1 4.1 2.2 0.0 0.0 0.0 Principal 22.1 22.5 30.1 32.5 20.4 21.0 21.6 23.8 27.2 21.3 Interest 14.6 14.3 13.4 12.0 10.5 9.4 8.2 7.0 5.8 4.5 Official creditors Disbursements 39.8 37.5 25.0 1 6.3 8.1 4.1 2.2 0.0 0.0 0.0 Principal 22.1 22.5 30.1 32.5 20.4 21.0 21.6 23.8 27.2 21.3 Interest 14.6 14.3 13.4 12.0 10.5 9.4 8.2 7.0 5.8 4.5 Bilateral creditors Disbursements 4.5 5.6 3.4 2.2 1.3 0.6 0.3 0.0 0.0 0.0 Principal 12.9 12.9 20.5 22.9 10.7 11.4 11.4 11.4 11.5 6.4 Interest 7.1 6.6 6.0 5.0 4.0 3.5 3.0 2.5 1.9 1.3 Multilateral creditors Disbursements 35.3 32.0 21.6 14.1 6.8 3.5 1.9 0.0 0.0 0.0 Principal 9.3 9.6 9.6 9.6 9.6 9.6 10.3 12.4 15.7 14.9 Interest 7.5 7.7 7.4 7.0 6.5 5.9 5.2 4.6 3.9 3.2 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 72 AZERBAIJAN (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SLINMM.ARI DEBTr D-%rA TOTAL DEBT STOCKS (EDT) . .. . .. . .35.5 112.8 321.0 435.3 503.7 Long-term debt (LDOD) .. . . . . 35.5 103.2 206.1 244.9 232.9 Public and publicly guaranteed ... .. . 35.5 103.2 206.1 244.9 232.9 Private nonguaranteed ... .. . 0.0 0.0 0.0 0.0 0.0 Use of IMF credit ... .. . 0.0 0.0 100.9 175.0 266.8 Short-term debt ... .. . 0.0 9.6 14.0 15.5 4.0 of which interest arrears on LDOD ... .. . 0.0 3.6 6.0 2.5 0.0 Official creditors ... .. . 0.0 3.6 6.0 2.5 0.0 Private creditors ... .. .0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ... .. . 0.0 20.3 35.5 35.5 0.0 Official creditors ... .. . 0.0 20.3 35.5 35.5 0.0 Private creditors ... .. .0.0 0.0 0.0 0.0 0.0 Memo: export credits ... .. . 0.0 0.0 0.0 0.0 1.0 TOTAL DEBT FLOWS Disbursements ... .. . 0.0 67.4 205.0 121.7 196.0 Long-term debt ... .. . 0.0 67.4 102.1 43.6 91.3 IMF purchases ... .. . 0.0 0.0 103.0 78.1 104.7 Principal repayments ... .. . 0.0 0.0 0.0 0.0 57.6 Long-termn debt ... .. . 0.0 0.0 0.0 0.0 57.6 IMF repurchases ... .. . 0.0 0.0 0.0 0.0 0.0 Net flows on debt ... .. . 0.0 73.4 207.0 126.7 129.4 of which short-term debt ... .. . 0.0 6.0 2.0 5.0 -9.0 Interest payments (INT) ... .. . 0.0 0.3 10.1 9.8 20.3 Long-term debt ... .. . 0.0 0.0 8.7 4.3 11.6 IMF charges ... .. .0.0 0.0 1.1 4.9 8.1 Short-termn debt ... .. . 0.0 0.3 0.3 0.6 0.5 Net transfers on debt ... .. . 0.0 73.1 196.9 116.9 109.1 Total debt service paid (TDS) ... .. . 0.0 0.3 10.1 9.8 77.9 Long-term debt ... .. . 0.0 0.0 8.7 4.3 69.3 IMF repurchases and charges ... .. . 0.0 0.0 1.1 4.9 8.1 Short-termn debt (interest only) ... .. .0.0 0.3 0.3 0.6 0.5 2. .%(;G-REG AIL : E I RFSOL RCE FL(fl% S AN.SD NF1`TR-%NsFERS i O0NG-TERMI NET RESOURCE FLOWS .. . . . . 12.6 233.5 435.1 697.2 713.4 Net flow of long-term debt (ex. JMF) ... .. . 0.0 67.4 102.1 43.6 33.7 Foreign direct investment (net) ... .. . 0.0 22.0 275.0 601.0 650.0 Portfolio equity flows ... .. .0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) ... .. . 12.6 144.1 58.0 52.6 29.7 Memo: technical coop. grants ... .. . 9.3 3.3 20.8 17.9 18.7 official net resource tiows ... .. . 12.6 211.5 160.1 96.2 55.4 private net reSOUrce flows ... .. . 0.0 22.0 275.0 601.0 658.1 NET TRANSFERS .. . . . . 12.6 233.5 426.4 692.9 701.8 tnterest oni loing-term dcbt ... .. .0.0 0.0 8.7 4.3 11.6 Profit remittances on FDI .. . .. 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers ... .. . 12.6 211.5 151.4 91.9 43.8 private net transfers ... .. . 0.0 22.0 275.0 601.0 658.1 3. %MAJOR ECONOMIC -%t.GRE(.AITE,, Gross national product (GNP) ... .. . 4,640.0 3,681.4 3,490.0 3,589.8 4,322.7 Exports of goods & services (XGS) ... .. . 697.0 822.0 783.0 757.0 1,154.0 of which workers remittances ... .. . 0.0 0.0 0.0 0.0 0.0 Imports of goods & services (MGS) ... .. . 887.0 1,018.0 1,267.0 1,443.0 1,984.0 International reserves (RES) ... .. . 0.6 2.0 120.9 Current account balance . .. .. .. .4. DEBT INDIC '%-TOR'% EDT /XGS(% ... .. 5.1 13.7 41.0 57.5 43.6 EDT /GNP (% .. .. . 0.8 3.1 9.2 12.1 11.7 TDS /XGS (% .. .. . 0.0 0.0 1.3 1.3 6.7 INT/XGS (% .. .. . 0.0 0.0 1.3 1.3 1.8 INT /GNP (% .. .. . 0.0 0.0 0.3 0.3 0.5 RES/EDT(% ... .. 1.7 1.8 37.7 RES /MGS (months) ... . 0.0 0.0 1.1 Short-termn/ EDT (%) ... .. . 0.1 8.5 4.4 3.6 0.8 Concessional / EDT (% .. .. . 0.0 0.0 9.4 14.8 23.2 Multilateral / EDT (%) ... .. . 0.0 7.5 30.8 31.6 30.2 73 AZERBAIJAN (US$ million, uinless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-iFRMN DFBIi DEBT OUTSTANDING (LDOD) .. . . . . 35.5 103.2 206.1 244.9 232.9 Public and publicly guaranteed ... .. . 35.5 103.2 206.1 244.9 232.9 Official creditors ... .. . 35.5 103.2 206.1 244.9 224.8 Multilateral ... .. . 0.0 8.4 98.8 137.5 151.9 Concessional ... .. . 0.0 0.0 30.2 64.3 115.5 Bilateral ... .. . 35.5 94.8 107.3 107.3 73.0 Concessional ... .. . 0.0 0.0 0.0 0.0 1.1 Privatc creditors ... .. . 0.0 0.0 0.0 0.0 8.1 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Other private ... .. . 0.0 0.0 0.0 0.0 8.1 Private nonguaranteed ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ... .. . 0.0 0.0 0.0 0.0 0.0 IDA ... .. . 0.0 0.0 30.2 64.3 115.5 DISBURSEMENTS ... .. . 0.0 67.4 102.1 43.6 91.3 Public and publicly guaranteed ... .. . 0.0 67.4 102.1 43.6 91.3 Official creditors ... .. . 0.0 67.4 102.1 43.6 83.3 Multilateral ... .. . 0.0 8.2 89.5 43.5 82.1 Concessional ... .. . 0.0 0.0 30.2 35.8 55.4 Bilateral ... .. . 0.0 59.3 12.5 0.0 1.2 Concessienal ... .. . 0.0 0.0 0.0 0.0 1.2 Private creditors ... .. . 0.0 0.0 0.0 0.0 8.1 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Other private ... .. . 0.0 0.0 0.0 0.0 8.1 Private nonguaranteed ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ... .. . 0.0 0.0 0.0 0.0 0.0 IDA ... .. . 0.0 0.0 30.2 35.8 55.4 PRINCIPAL REPAYMENTS .. . . . . 0.0 0.0 0.0 0.0 57.6 Public and publicly guaranteed ... .. . 0.0 0.0 0.0 0.0 57.6 Official creditors ... .. . 0.0 0.0 0.0 0.0 57.6 Multilateral ... .. . 0.0 0.0 0.0 0.0 57.6 Concessional ... .. . 0.0 0.0 0.0 0.0 0.0 Bilateral ... .. . 0.0 0.0 0.0 0.0 0.0 Concessional ... .. . 0.0 0.0 0.0 0.0 0.0 Private creditors ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Other private ... .. . 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ... .. . 0.0 0.0 0.0 0.0 0.0 IDA ... .. . 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT .. . . . . 0.0 67.4 102.1 43.6 33.7 Public and publicly guaranteed ... .. . 0.0 67.4 102.1 43.6 33.7 Official creditors ... .. . 0.0 67.4 102.1 43.6 25.7 Multilateral ... .. . 0.0 8.2 89.5 43.5 24.5 Concessional ... .. . 0.0 0.0 30.2 35.8 55.4 Bilateral ... .. . 0.0 59.3 12.5 0.0 1.2 Concessional ... .. . 0.0 0.0 0.0 0.0 1.2 Private crediters ... . .. .0 0.0 0.0 0.0 8.1 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Other private ... .. . 0.0 0.0 0.0 0.0 8.1 Private nonguaranteed ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . .. .0 0.0 0.0 0.0 0.0 Memo: IBRD ... .. . 0.0 0.0 0.0 0.0 0.0 IDA ... .. . 0.0 0.0 30.2 35.8 55.4 74 AZERBAIJAN (US$ million, lunless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) .. . . . . 0.0 0.0 8.7 4.3 11.6 Public and publicly guaranteed ... .. . 0.0 0.0 8.7 4.3 11.6 Official creditors ... .. . 0.0 0.0 8.7 4.3 11.6 Multilateral ... .. .0.0 0.0 1.9 0.3 2.0 Concessional ... .. . 0.0 0.0 0.0 0.3 0.5 Bilateral ... .. .0.0 0.0 6.8 4.0 9.7 Concessiortal ... .. . 0.0 0.0 0.0 0.0 0.0 Private creditors ... .. .0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Other private ... .. .0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ... .. . 0.0 0.0 0.0 0.0 0.0 IDA ... .. . 0.0 0.0 0.0 0.3 0.5 NET TRANSFERS ON DEBT .. . . . . 0.0 67.4 93.4 39.3 22.1 Public and publicly guaranteed ... .. . 0.0 67.4 93.4 39.3 22.1 Official creditors .., .. . 0.0 67.4 93.4 39.3 14.0 Multilateral ... .. . 0.0 8.2 87.6 43.2 22.5 Conccssional ... .. . 0.0 0.0 30.2 35.5 54.9 Bilateral ... .. . 0.0 59.3 5.7 -3.9 -8.5 Concessional ... .. . 0.0 0.0 0.0 0.0 1.2 Private creditors ... .. .0.0 0.0 0.0 0.0 8.1 Bonds . .... 0.0 0.0 0.0 0.0 0.0 Commnercial banks .., .. . 0.0 0.0 0.0 0.0 0.0 Other private ... .. .0.0 0.0 0.0 0.0 8.1 Private nonguaranteed ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Memio: IBRD .. . .. 0.0 0.0 0.0 0.0 0.0 IDA ... .. . 0.0 0.0 30.2 35.5 54.9 DEBT SERVICE (LTDS) ... .. . 0.0 0.0 8.7 4.3 69.3 Public and publicly guaranteed ... .. . 0.0 0.0 8.7 4.3 69.3 Official creditors ... .. . 0.0 0.0 8.7 4.3 69.3 Multilateral ... .. .0.0 0.0 1.9 0.3 59.6 CoitcessioDal ... .. . 0.0 0.0 0.0 0.3 0.5 Bilateral ... .. .0.0 0.0 6.8 4.0 9.7 Concessional ... .. . 0.0 0.0 0.0 0.0 0.0 Private creditors ... .. . 0.0 0.0 0.0 0. 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commnercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Other private ... .. . 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... .. . 0.0 0.0 0.0 0.0 0.0 Bonds ... .. . 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ... .. . 0.0 0.0 0.0 0.0 0.0 IDA ... .. . 0.0 0.0 0.0 0.3 0.5 UNDISBURSED DEBT .. . . . . 250.0 329.4 413.3 226.8 295.2 Official creditors ... .. . 250.0 329.4 413.3 226.8 279.1 Private creditors ... .. .0.0 0.0 0.0 0.0 16.1 Memorandum items Concessional LDOD ... .. . 0.0 0.0 30.2 64.3 116.7 Variable rate LDOD ... .. . 35.5 103.2 175.9 180.6 116.2 Public sector LDOD ... .. . 35.5 103.2 206.1 244.9 232.9 Private sector LDOD .... . 0.0 0.0 0.0 0.0 0.0 6. U.IRREN%Cl COMPOSlTION OF LON(G-TERNI DEBTr PERCENTli Deutsche mark ... .. . 0.0 0.0 0. 0.0 0.5 French franc ... .. . 0.0 0.0 0.0 0.0 0.0 Japanese yen ... .. . 0.0 0.0 0.0 0.0 0.0 Pound sterling ... .. . 0.0 0.0 0.0 0.0 0.0 Swiss franc ... .. . 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... .. . 0.0 57.5 51.4 59.5 99.5 MUltiPle CUrrenCY . .. .. 0.0 0.0 0,0 0.0 0.0 Special drawing rights ... .. . 0.0 0.0 0.0 0.0 0.0 All other currencies ... .. . 100.0 42.5 48.6 40.5 0.0 75 AZERBAIJAN (US$ mill ion, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 Total amount rescheduled ... .. . 35.5 0.0 0.0 0.0 0.0 Debt stock rescheduled ... .. . 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... .. . 0.0 0.0 0.0 0.0 0.0 Official ... .. . 0.0 0.0 0.0 0.0 0.0 Private ... .. . 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... .. . 0.0 0.0 0.0 0.0 0.0 Official ... .. .0.0 0.0 0.0 0.0 0.0 Private ... .. . 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... .. . 0.0 0.0 0.0 0.0 35.5 Memo: interest forgiven ... .. . 0.0 0.0 0.0 0.0 2.5 Debt stock reduction ... .. . 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... .. . 0.0 0.0 0.0 0.0 0.0 S. DEBII STOC K-FL4)%% RF(O(-NC ILI ATlON Total change in debt stocks ......... 77.3 208.2 114.3 68.3 Net flows on debt ... .. . 0.0 73.4 207.0 126.7 129.4 Net change in interest arrears . ....... 3.6 2.4 -3.6 -2.5 Interest capitalized ... .. . 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... .. . 0.0 0.0 0.0 0.0 -35.5 Cross-currency valuation ... .. . -24.2 -22.2 -3.3 -3.0 -0.1 Residual ......... 22.4 2.0 -5.8 -22.9 9. .A% ER%.GE T'lRIMN OF NLV" commurlNalEN rs ALL CREDITORS Interest (%) ... .. .3.0 6.3 1.4 2.4 3.7 Maturity (years) ... .. . 5.3 9.4 32.2 2-7.9 22.3 Grace period (years) ... .. .1.8 3.7 9.4 7.8 6.6 Grant element (%) ... .. . 19.6 15.3 71.8 59.5 47.7 Official creditors Interest (%) ... .. . 3.0 6.3 1.4 2.4 3.0 Maturity (years) ... .. . 5.3 9.4 32.2 27.9 24.9 Grace period (years) ... .. .1.8 3.7 9.4 7.8 7.4 Grant element (%) ... .. . 19.6 15.3 71.8 59.5 53.9 Private creditors Interest (%) ... .. . 0.0 0.0 0.0 0.0 8.3 Maturity (years) ... .. . 0.0 0.0 0.0 0.0 4.8 Grace period (years) ... .. . 0.0 0.0 0.0 0.0 1.4 Grant element (%) ... .. . 0.0 0.0 0. 0.0 4.9 Memorandum items Commitments ... .. . 250.0 144.1 187.8 40.5 189.3 Official creditors ... .. . 250.0 144.1 187.8 40.5 165.1 Private creditors ... .. . 0.0 0.0 0.0 0.0 24.2 l It. C ON I RAC 1-1 \L OIL[IG I IONS O\ O1 I'sI .N DING LON;-T'LRNI DEBI' 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 96.5 94.3 56.8 29.9 10.6 4.8 1.9 0.4 0.0 0.0 Principal 74.5 17.3 15.2 27.2 28.0 17.2 13.9 12.4 14.0 15.8 Interest 7.0 8.4 9.1 9.3 8.5 7.2 6.2 5.4 4.8 4.2 Ofricial creditors Disbursements 88.8 89.0 54.7 29.0 10.6 4.8 1.9 0.4 0.0 0.0 Principal 71.8 8.7 12.0 23.9 24.8 13.9 13.9 12.4 14.0 15.8 Interest 6.6 7.1 8.3 8.7 8.1 7.0 6.2 5.4 4.8 4.2 Bilateral creditors Disbursements 10.2 17.1 10.8 6.2 3.3 1.7 0.7 0.4 0.0 0.0 Principal 71.8 1.8 3.6 4.8 4.8 4.8 4.8 1.1 1.1 1.3 Initerest 5.3 0.6 1.1 1.4 1.2 0.9 0.6 0.3 0.3 0.3 Multilateral creditors Disbursements 78.6 72.0 44.0 22.7 7.3 3.1 1.1 0.0 0.0 0.0 Principal 0.0 6.9 8.3 19.2 20.0 9.2 9.2 11.3 12.9 14.6 Interest 1.3 6.6 7.2 7.3 6.9 6.1 5.6 5.0 4.5 3.9 Private creditors Disbursements 7.7 5.3 2.1 1.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.7 8.6 3.2 3.2 3.2 3.2 0.0 0.0 0.0 0.0 Interest 0.4 1.2 0.8 0.6 0.4 0.2 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 7.7 5.3 2.1 1.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.7 8.6 3.2 3.2 3.2 3.2 0.0 0. 0.0 0.0 Interest 0.4 1.2 0.8 0.6 0.4 0.2 0.0 0.0 0.0 0.0 76 BANGLADESH (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SUAN! .ARY~ DEBI` D FA 1 TOTAL DEBT STOCKS (EDT) .. 4,230 12,769 13,482 13,928 14,650 16,258 16,325 16,007 15,125 Long-term debt (LDOD) . 3,594 11,987 12,537 12,963 13,815 15,392 15,501 15,327 14,578 Public and publicly guaranteed 3,594 11:987 12,537 12,963 13,815 15,392 15,501 15,327 14,578 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Use of IMF credit 424 626 727 732 682 669 622 517 372 Short-term debt 212 156 219 233 153 197 203 163 175 of wbicb interest arrears on LDOD ..0 1 1 3 5 12 19 0 0 Official creditors 0 1 1 3 5 12 19 0 0 Private creditors ..0 0 1 0 0 0 0 0 0 Memo: principal arrears on LDODO- 0 11 10 15 19 34 30 17 14 Official creditors ..0 11 9 14 19 30 30 17 14 Private creditors ..0 0 1 0 0 4 0 0 0 Memo: export credits 329 345 744 960 913 466 437 421 TOTAL DEBT FLOWS Disb-ursements 970 1,368 1,057 1,082 707 1,017 679 1,151 704 Long-term debt 743 t,307 823 959 667 1,017 679 1,151 704 IMF purcbases 227 61 234 123 40 0 0 0 0 Principal repayments 199 573 433 402 392 406 623 485 519 Long-term debt .. 65 362 292 314 301 350 562 400 405 IMF repurchases 134 211 141 88 91 56 61 85 114 Net flows on debt 770 883 687 693 233 648 55 645 197 of wbicb sbort-term debt 88 63 13 -82 37 -1 -21 12 Interest payments (INTl 79 218 197 172 176 198 189 213 186 Long-term debt .. 50 167 163 153 163 187 176 200 175 IMF charges .. 13 42 22 10 6 4 3 3 2 Short-term debt .. 16 9 12 9 7 7 10 10 9 Net transfers on debt .. 692 665 490 521 57 451 -134 432 11 Total debt service paid (TDS) .. 278 791 630 574 568 603 812 698 705 Long-term debt .. 115 529 455 467 465 537 738 600 580 IMF repurchases and charges .. 147 253 163 99 96 60 64 88 116 Short-term debt (interest only) .. 16 9 12 9 7 7 10 10 9 2..-%G(RE(.AT[F. NEH RESOLIRt'E FLOWS AND NELF rR4ANSFFRS LO.N-G-TERM'F NET RESOURCE FLOWS .. 1,679 1,720 1,685 1,459 1,029 1,486 830 1,415 1,004 Net flow of long-term debt (cx. IMF . 678 945 531 646 366 668 117 751 299 Foreign direct investment (net) ..0 3 1 4 14 1 1 2 15 135 Portfolio equity flows ..0 0 0 0 0 48 33 30 1 1 Grants (excluding technical coop.) .. 1,001 772 1,153 809 650 760 678 619 560 Memo: technical coop. grants .. 159 239 263 314 303 300 294 281 258 official net resource flows .. 1,668 1,650 1,649 1,442 1,023 1,456 891 1,401 886 private net resource flows . 1 1 70 36 17 7 30 -60 14 118 NET TRANSFERS .. 1,629 1,553 1,522 1,306 866 1,298 654 1,203 804 Interest on long-term debt .. 50 167 163 153 163 187 176 200 175 Profit remittances on FDI ..0 0 0 0 0 0 0 12 25 Memo: official oct transfers .. 1,621 1,495 1,496 1,299 870 1,279 723 1,208 716 private net transfers ..9 59 26 7 -4 19 -69 -5 88 3 NI %JOR1 ECONOMI[C .1GCREEa.1rIES Gross national product (GNP) 8,589 17,353 30,524 31,472 32,434 34,092 34,689 38,998 41,772 43,082 Exports of goods & services (XGS) .. 1,174 2,731 2,942 3,406 3,944 4,293 5,490 5,907 6,663 of which workers temittanes .. 197 761 764 848 944 1,089 1,198 1,217 1,475 Imports of goods & services (MGS) .. 2,622 4,346 3,997 4,112 4,685 4,871 6,748 7,802 7,860 International reServeS (RES) .. 331 660 1,308 1,854 2.447 3,175 2,376 1,870 1,611 Current account balancec. -702 -398 65 181 359 200 -824 -991 -286 4. DEBT INDIC %TORS EDT /XGS (% . 360.4 467.5 458.3 409.0 371.5 378.7 297.4 271.0 227.0 EDT/GNP(% . 24.4 41.8 42.8 42.9 43.0 46.9 41.9 38.3 35.1 TDS /XGS (% . 23.7 28.9 21.4 16.9 14.4 14.1 14.8 11.8 10.6 INT/XGS (% . 6.7 8.0 6.7 5.1 4.5 4.6 3.4 3.6 2.8 INT/GNP(% . 0.5 0.7 0.6 0.5 0.5 0.6 0.5 0.5 0.4 RES /EDT (% . 7.8 5.2 9.7 13.3 16.7 19.5 14.6 11.7 10.6 RES /MGS (months) .. 1.5 1.8 3.9 5.4 6.3 7.8 4.2 2.9 2.5 Short-term / EDT (%) .. 5.0 1.2 1.6 1.7 1.0 1.2 1.2 1.0 1.2 Concessional / EDT (% . 81.8 90.2 89.5 89.8 91.4 92.3 93.3 94.4 95.2 Multilateral / EDT (%) .. 30.2 51.1 52.8 53.8 55.3 57.1 59.8 61.5 63.5 77 BANGLADESH (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. I-ON G-TIERM- DEBT DEBT OUTSTANDING (LDOD) .. 3,594 11,987 12,537 12,963 13,815 15,392 15,501 15,327 14,578 Public and publicly guaranteed .. 3,594 11,987 12,537 12,963 13,815 15,392 15,501 15,327 14,578 Official creditors 3,538 11,725 12,241 12,657 13,519 15,123 15,328 15,185 14,464 Multilateral 1,276 6,529 7,113 7,495 8,097 9,284 9,766 9,844 9,611 Concessional 1,214 6,432 7,035 7,434 8.038 9,226 9,710 9.795 9,563 Bilateral 2,263 5,196 5,129 5,162 5,422 5,839 5,562 5,341 4,853 Concessional 2,248 5,086 5,026 5,074 5,351 5,782 5,521 5,311 4,831 Private creditors 56 262 295 305 296 269 173 142 114 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 34 31 29 26 28 32 26 20 Other private .. 56 228 264 277 271 241 142 117 94 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commerciat banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 55 64 65 60 58 58 55 47 38 IDA 926 4,095 4,360 4,534 4,824 5,378 5,638 5,713 5,701 DISBURSEMENTS 743 1,'307 823 959 667 1,017 679 1,151 704 Public and publicly guaranteed 743 1,307 823 959 667 1,017 679 1,151 704 Official creditors 726 1,205 752 907 632 996 667 1,144 704 Multilateral 307 849 546 661 553 816 492 652 522 Concessional 306 819 546 661 553 816 492 649 515 Bilateral 419 356 206 246 79 181 175 492 182 Concessional 419 356 193 244 78 181 175 492 182 Private creditors 17 102 71 52 36 21 12 8 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 22 0 0 0 6 6 0 0 Other private 17 80 71 52 36 14 6 8 0 Private nonguaranteed ..0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 IDA 156 484 253 327 306 412 197 279 299 PRINCIPAL REPAYMENTS .. 65 362 292 314 301 350 562 400 405 Public and publicly guaranteed .. 65 362 292 314 301 350 562 400 405 Official creditors .. 59 327 256 274 258 300 454 362 378 Multilateral ..1 63 71 72 72 81 105 114 126 Concessional 1 45 50 57 68 77 100 109 121 Bilateral 58 264 185 202 187 219 349 248 252 Concessional 54 251 172 188 172 204 333 237 244 Private Creditors 6 35 36 40 43 49 108 39 28 Bonds 0 0 0 0 0 0 0 0 0 Commerciat banks 0 2 3 3 3 4 2 6 6 Other private 6 33 33 37 40 45 106 33 22 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial baDks ..0 0 0 0 0 0 0 0 0 Memo: IBRD 0 2 1 3 4 4 5 5 5 IDA 0 13 16 20 28 33 41 50 54 NET FLOWS ON DEBT 678 945 531 646 366 668 117 751 299 Public and publicly guaranteed .. 678 945 531 646 366 668 117 751 299 Official creditors 667 878 496 633 373 696 212 782 326 Multilateral .. 306 786 475 589 481 735 387 538 396 Concessional 306 774 497 604 485 739 392 540 394 Bilateral 361 92 21 44 -108 -39 -174 244 -70 Concessional 365 105 22 56 -93 -23 -158 255 -62 Private creditors 11 67 35 13 -7 -29 -96 -31 -28 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks ..0 20 -3 -3 -3 2 4 -6 -6 Other private .. 11 47 38 16 -5 -31 -99 -25 -22 Private nonguaranteed ..0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commerciat banks 0 0 U 0 U 0 0 0 0 Memo: IBRD 0 -2 -1 -3 -4 -4 -5 -5 -5 IDA .. 156 472 237 307 278 380 155 229 245 78 BANGLADESH (US$ million, utnless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 50 167 163 153 163 187 176 200 175 Public and publicly guaranteed 50 167 163 153 163 187 176 200 175 Official creditors 48 155 153 143 153 176 168 193 169 Multilateral .. 11 53 59 64 71 78 87 86 84 Concessional 8 48 53 60 68 75 84 83 82 Bilateral 37 102 94 79 82 98 81 107 85 Concessional .. 36 92 84 71 75 91 76 104 83 Private creditors 2 11 10 t0 10 11 8 7 6 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 1 2 1 1 1 0 1 0 Other private 2 1 1 9 9 10 10 8 6 5 Private nonguaranteed ..0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD ..3 4 4 4 4 4 4 3 3 IDA 6 28 30 32 36 39 42 42 42 NET TRANSFERS ON DEBT .. 628 779 368 493 203 480 -59 551 124 Public and publicly guaranteed 628 779 368 493 203 480 -59 551 124 Official creditors .. 620 723 343 490 220 520 45 589 157 Multilateral .. 295 733 416 525 410 656 300 452 312 Concessional .. 298 726 443 545 417 664 308 457 312 Bilateral .. 325 -10 -73 -36 -190 -137 -255 137 -155 Concessional .. 329 13 -63 -14 -168 -114 -234 151 -144 Private creditors 8 56 25 3 -18 -40 -104 -38 -33 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 20 -4 -4 -3 2 3 -6 -6 Other private 8 36 29 7 -14 -41 -107 -32 -27 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 0 0 0 0 Memo: IBRD -3 -5 -5 -7 -7 -7 -8 -8 -7 IDA 150 443 207 275 242 341 114 187 204 DEBT SERVICE (LTDS) 115 529 455 467 465 537 738 600 580 Public and publicly guaranteed 115 529 455 467 465 537 738 600 580 Official creditors 107 482 409 417 411 476 622 554 547 Multilateral .. 12 116 130 136 143 159 192 199 210 Concessional ..8 93 103 116 136 152 184 192 203 Bilateral .. 94 366 279 282 268 317 430 355 337 Concessional 90 343 256 258 246 294 409 341 326 Private creditors 8 47 46 49 53 60 116 46 33 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks 0 2 4 4 3 5 3 6 6 Other private 8 44 42 46 50 56 114 39 27 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD ..3 5 5 7 7 7 8 8 7 IDA 6 41 47 52 64 71 83 92 96 UNDISBURSED DEBT -. 2,113 4,153 4,164 4,132 4,084 4,192 4,096 2,864 2,588 Official creditors 2,059 4.002 4.090 4.040 4.022 4,041 3,957 2,733 2,456 Private creditors .. 54 151 74 92 62 151 139 131 131 Memorandum items Concessional LDOD .. 3.462 11,518 12,062 12,508 13,389 15,007 15,231 15,105 14,394 Variable rate LDOD ..5 34 31 62 64 60 53 42 31 Public sector LDOD .. 3,592 11,984 12,534 12,960 13,814 15,391 15,501 15,327 14,578 Private sector LDOD ..2 3 3 2 1 1 0 0 0 6. CURRENCN COMPOSITION OF LO'NG-TERMI DEBT 'PERCENTi Deutsche mark .. 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 French franc .. 1.2 1.5 1.4 1.2 1.0 1.1 0.7 0.9 1.0 Japanese yen .. 21.6 24.1 25.3 25.5 26.1 26.2 25.2 23.5 21.7 Pound sterling .. 17.4 5.1 4.7 4.4 4.1 3.6 3.5 3.4 3.4 Swiss franc .. 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.2 0.2 U.S.doltars .. 42.6 48.6 46.8 46.4 45.2 43.1 43.0 43.1 44.1t Multiple currency .. 7.4 15.0 16.7 18.0 19.1 20.9 22.3 22.6 22.6 Special drawing rights .. 0.2 0.9 0.9 1.0 1.6 2.6 3.1 3.8 4.5 All other currencies .. 9.4 4.5 3.9 3.3 2.8 2.4 2.1 2.3 2.4 79 BANGLADESH (US$ million, uinless otherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 7. DEBT REsrR[ CTURINGS Total amount rescheduled ..0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 PTivate 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 0 Debt forgiven ...0 297 0 2 2 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stockrTeduction 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 8. DEB I' STOCK-FLOW RECONCILIATI( N Total change in debt stocks 1,650 714 445 723 1,608 67 -318 -882 Net flows on debt 883 687 693 233 648 55 645 197 Net change in interest arrears I 0 1 2 7 7 -18 0 Interest capitalized ..0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 -297 0 -2 -2 0 0 0 Cross-currency valuation .. 367 209 -130 388 572 -96 -406 -435 Residual ... 399 116 -119 102 382 101 -539 -644 9. .%%ER.AGE TERIMS OF NE~% CONl1iMTNENiPS ALL CREDITORS Interest (%) .. 1.7 1.9 1.0 1.1 1.1 1.3 1.9 1.1 1.7 Maturity (years) .. 36.0 33.6 38.3 35.8 35.2 33.3 37.8 32.7 37.7 Grace period (years) .. 9.0 9.3 9.8 9.7 9.7 9.0 10.0 8.7 9.9 Grant element (%) .. 68.6 67.6 77.2 74.7 75.0 70.8 69.0 71.7 70.7 Official creditors Interest (%) .. 1.5 1.3 1.0 0.9 1.1 1.0 1.9 1.1 1.7 Maturity (years) .. 36.8 36.3 38.3 37.4 35.2 35.1 37.8 32.7 37.7 Grace period (years) .. 9.2 10.0 9.8 10.1 9.8 9.3 10.0 8.7 9.9 Grant element (%) .. 70.4 73.8 77.2 77.6 75.0 74.6 69.0 71.7 70.7 Private creditors Interest (%) .. 7.5 6.7 0.0 4.0 0.8 5.0 0.0 0.0 0.0 Maturity (years) .. 10.7 11.3 0.0 13.8 38.4 12.2 0.0 0.0 0.0 Grace period (years) .. 2.4 3.1 0.0 4.3 8.9 4.2 0.0 0.0 0.0 Grant element (%) .. 11.3 16.5 0.0 33.2 79.0 25.9 0.0 0.0 0.0 Memorandum items Commitments .. 1.036 1,447 902 1,177 717 1,421 687 257 974 Official creditors .. 1,004 1,290 902 1,101 712 1,311 687 257 974 Private creditors .. 32 157 0 76 6 109 0 0 0 Iii. CONTR.AcrUtAL OBLIGA.TIONS ON 0OtT STANDLNG; LON(,-TERM~ DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 873 697 429 281 146 56 26 13 9 1 Prinicipal 416 458 480 486 507 529 559 574 577 591 Interest 178 177 173 167 161 153 145 137 138 134 Ofricial creditors Disbursements 821 671 420 276 146 56 26 13 9 1 Principal 379 423 451 468 490 512 542 557 570 590 Interest 171 170 167 162 157 150 143 136 138 134 Bilateral creditors Disbursements 118 77 46 32 18 13 5 4 3 1 Principal 247 268 279 276 280 282 288 280 275 268 Interest 81 77 73 68 63 59 54 49 4-5 40 Multilateral creditors Disbursements 702 594 374 244 128 43 20 9 6 0 Principal 132 154 172 193 209 230 254 277 295 322 Interest 89 93 94 94 93 92 89 86 93 93 Private creditors Disbursements 52 26 9 4 0 0 0 0 0 0 Principal 37 35 29 18 18 17 17 17 7 1 Interest 8 7 6 5 4 3 2 1 1 1 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 3 2 2 0 1 1 1 1 1 1 Interest 1 1 1 1 1 1 1 1 1 1 Other private Disbursements 52 26 9 4 0 0 0 0 0 0 Principal 34 33 27 18 17 16 16 16 6 0 Interest 6 6 5 4 3 3 2 1 0 0 80 BARBADOS (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SL NIL-R I) EBIT 1) XIA TOTAL DEBT STOCKS (EDT) .. 165.7 683.0 652.1 609.6 569.9 614.7 597.0 581.4 644.3 Long-term debt (LDOD) 12.9 97.8 504.1 482.8 400.6 348.0 370.6 369.6 381.6 350.0 Public and publicly guaranteed 12.9 97.8 504.1 482.8 400.6 348.0 370.6 369.6 381.6 350.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 2.9 0.7 0.0 50.7 50.6 53.8 37.1 9.4 0.0 Short-term debt .. 65.0 178.1 169.4 158.4 171.3 190.3 190.3 190.4 294.3 of whicb interest arrears on LDOD ,. 0.0 0.2 0.4 0.4 0.3 0.3 0.3 0.3 0.3 Official creditors .. 0.0 0.2 0.4 0.4 0.3 0.3 0.3 0.3 0.3 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memno: principal arrears on LDOD .. 0.0 0.7 0.9 1.2 1.0 1.3 1.3 1.1 1.1 Official creditors .. 0.0 0.7 0.9 1.2 1.0 1.3 1.3 1.1 1.1 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits ... 198.0 178.0 [68.0 142.0 178.0 230.0 212.0 122.0 TOTAL DEBT FLOWS Disbursements 0.0 38.4 90.6 69.1 65.5 14.4 62.2 55.4 54.0 31.8 Long-term debt 0.0 38.4 90.6 69.1 13.6 14.4 62.2 55.4 54.0 31.8 IMF purcbases 0.0 0.0 0.0 0.0 51.9 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.0 14.2 92.2 94.1 58.9 72.0 48.3 77.1 61.5 61.1 Long-term debt 0.0 8.7 88.4 93.4 58.9 72.0 48.3 59.0 34.8 52.1 IMF repurchases 0.0 5.5 3.7 0.7 0.0 0.0 0.0 18.0 26.7 9.0 Net flows on debt 0.0 24.2 18.8 -33.9 4.44 -44.6 32.8 .21.7 -7.4 74.6 of which short-term debt ... 20.4 -8.9 -11.0 13.0 19.0 0.0 0.1 103.9 Interest payments (INT) .. 11.1 48.6 46.0 42.6 40.8 40.7 41.6 39.7 41.6 Long-term debt 0.8 5.8 39.3 37.5 32.2 28.3 27.0 27.4 26.9 29.3 IMF charges 0.0 0.3 0.4 0.1 2.4 3.0 2.7 2.8 1.2 0.2 Short-term debt .. 5.0 8.9 8.4 8.1 9.5 10.9 11.4 11.6 12.1 Net transfers on debt .. 13.1 .29.8 -79.9 -47.0 .85.5 .7.8 .63.3 .47.1 33.0 Total debt service paid (TDS) .. 25.2 140.7 140.1 101.6 112.9 89.0 118.7 101.2 102.7 Long-term debt 0.8 14.5 127.7 130.9 91.1 100.4 75.4 86.5 61.7 81.5 IMF repurchases and charges 0.0 5.8 4.1 0.8 2.4 3.0 2.7 20.9 27.9 9.1 Short-term debt (initerest only) .. 5.0 8.9 8.4 8.1 9.5 10.9 11.4 11.6 12.1t 2.AGGRE; %TF. NETF RESOL RCE FLo)%%S.-AND N'ET TRANSFERs iLON(-rERNM NET RESOURCE FLOWS 9.5 33.2 14.4 -16.3 -31.3 .29.0 28.9 9.6 274.5 91.6 Net flow of long-term debt (ex. IMF) 0.0 29.7 2.1 -24.3 -45.3 -57.6 13.8 -3.6 19.2 -20.4 Foreign direct investment (net) 8.7 2.8 11.0 7.0 14.0 9.0 12.9 12.0 13.0 14.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 240.0 96.0 Grants (excluding technical coop.) 0.8 0.7 1.3 1.0 0.0 19.6 2.2 1.2 2.3 2.0 Memo: technical coop. grants 0.6 2.6 2.4 4.0 3.0 2.4 2.1 2.1 1.8 1.9 official net resource flows 0.8 14.4 17.4 -3.8 -8.0 8.9 -6.3 -5.2 35.7 14.1 private net resource flows 8.7 18.8 -3.0 -12.5 -23.3 -37.9 35.3 14.7 238.9 77.6 NET TRANSFERS 4.5 22.6 .34.0 .61.5 -72.5 -65.4 1.9 .21.8 243.6 57.3 Interest on long-term debt 0.8 5.8 39.3 37.5 32.2 28.3 27.0 27.4 26 9 29.3 Profit remittances on FDI 4.2 4.8 9.1 7.7 9.0 8.0 0.0 4.0 4.0 5.0 Memo: official net transfers 0.8 1 1.8 3.0 -17.8 -22.1 -4.8 -20.6 -17.8 23.6 1.1 private net transfers 3.7 10.8 -37.0 -43.7 -50.4 -60.6 22.6 -4.1 220.0 56.3 3. NLJOR ECONOMIC.AGGREGATES Gross national product (GNP) 180.8 837.4 1,701.0 1,631.9 1,548.3 1,575.6 1,671.7 1,684.3 Exports of goods & services (XGS) 101.7 594.0 928.8 889.5 878.5 948.6 1,086.9 1,249.4 1,349.3 of which workers remittances 0.0 0.0 26.0 27.2 32.0 31.5 37.4 42.4 48.3 Imports of goods & services (MGS) 148.7 632.2 953.5 918.9 743.5 867.9 952.5 1,150.5 1,236.3 International reserves (RES) .. 80.6 117.5 87.2 140.0 150.5 195.8 219.1 289.7 264.9 Current account b-alance -41.8 -16.8 -7.9 -23.5 143.4 70.1 132.3 90.2 104.5 4. DEIIIINDIL ATORS EDT /XGS (% . 27.9 73.5 73.3 69.4 60.1 56.6 47.8 43.1 EDT IGNP (% . 19.8 40.2 40.0 39.4 36.2 36.8 35.4 TDS /XGS (% . 4.2 15.2 15.7 11.6 11.9 8.2 9.5 7.5 INT/XGS (% . 1.9 5.2 5.2 4.9 4.3 3.7 3.3 2.9 INT /GNP (% . 1.3 2.9 2.8 2.8 2.6 2.4 2.5 RES /EDT (% . 48.6 17.2 13.4 23.0 26.4 31.9 36.7 49.8 41.1 RES /MGS (MOnths) .. 1.5 1.5 1.1 2.3 2.1 2.5 2.3 2.8 Short-term / EDT (%) .. 39.2 26.1 26.0 26.0 30.1 31.0 31.9 32.7 45.7 Concessional / EDT (% . 22.3 13.6 14.3 11.5 11.8 10.0 9.4 11.4 10.9 Multilateral / EDT (%) .. 20.4 26.5 27.5 28.2 28.8 26.5 27.4 33.2 31.1 81 BARBADOS (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. .Lo ;f E RNI D EW[' DEBT OUTSTANDING (LDOD) 12.9 97.8 504.1 482.8 400.6 348.0 370.6 369.6 381.6 350.0 Public and publiclv guaranteed 12.9 97.8 504.1 482.8 400.6 348.0 370.6 369.6 381.6 350.0 Official creditors 0.0 60.6 246.0 241.8 209.0 199.8 192.2 189.6 214.8 218.8 Multilateral 0.0 33.7 180.9 179.3 171.7 164.0 163.1 163.6 192.9 200.3 Concessional 0.0 20.8 56.8 56.2 54.6 52.2 49.5 45.8 57.0 61.6 Bilateral 0.0 26.8 65.1 62.5 37.3 35.8 29.1 26.0 21.9 18.5 Concessional 0.0 16.2 35.9 37.1 15.5 14.9 11.8 10.5 9.3 8.6 Private creditors 12.9 37.2 258.2 240.9 191.6 148.2 178.4 180.1 166.8 131.1 Bonds 12.9 16.7 69.2 39.9 40.1 44.7 40.1 74.0 65.9 51.5 Commercial banks 0.0 20.5 163.1 179.5 134.8 91.6 131.2 103.6 100.9 79.6 Other private, 0.0 0.1 25.9 21.5 16.7 12.0 7.2 2.4 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.9 36.0 32.5 26.7 22.0 19.6 19.3 15.6 13.7 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 0.0 38.4 90.6 69.1 13.6 14.4 62.2 55.4 54.0 31.8 Public and publicly guaranteed 0.0 38.4 90.6 69.1 13.6 14.4 62.2 55.4 54.0 31.8 Official creditors 0.0 16.6 33.9 15.7 13.6 13.2 12.2 15.4 54.0 31.8 Multilateral 0.0 12.3 21.9 12.4 12.2 9.1 11.0 13.7 53.1 30.8 Concessional 0.0 10.4 1.7 1.9 1.5 1.1 0.5 0.3 15.2 9.0 Bilateral 0.0 4.4 12.1 3.3 1.4 4.1 1.2 1.7 0.8 0.9 Concessional 0.0 1.1 2.5 2.9 1.1 0.8 0.3 0.4 0.2 0.2 Private creditors 0.0 21.7 56.6 53.5 0.0 1.2 50.0 40.0 0.0 0.0 Bonds 0.0 16.7 0.0 0.0 0.0 0.0 0.0 40.0 0.0 0.0 Commercial banks 0.0 5.1 56.6 53.5 0.0 1.2 50.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.8 5.4 3.3 2.8 2.4 2.6 3.5 0.9 3.1 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 0.0 8.7 88.4 93.4 58.9 72.0 48.3 59.0 34.8 52.1 Public and publicly guaranteed 0.0 8.7 88.4 93.4 58.9 72.0 48.3 59.0 34.8 52.1 Official creditors 0.0 3.0 17.8 20.5 21.6 24.0 20.7 21.8 20.6 19.7 Multilateral 0.0 0.6 13.2 15.1 16.8 18.6 14.9 16.9 15.6 15.4 Concessional 0.0 0.1 2.2 2.6 3.0 3.4 3.4 3.9 3.8 3.9 Bilateral 0.0 2.4 4.6 5.4 4.8 5.4 5.8 4.9 5.0 4.3 Concessional 0.0 0.3 0.9 1.4 1.0 1.3 1.4 1.6 1.5 0.9 Private creditors 0.0 5.7 70.6 72.9 37.3 48.1 27.6 37.3 14.1 32.4 Bonds 0.0 0.0 44.1 32.0 0.0 0.0 9.8 5.3 4.6 12.4 Commercial banks 0.0 5.4 20.2 36.5 32.5 43.3 13.1 27.t 7.1 20.0 Other private 0.0 0.3 6.2 4.4 4.8 4.8 4.8 4.8 2.4 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 7.1 7.5 7.7 7.9 6.5 4.7 3.3 3.7 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT 0.0 29.7 2.1 -24.3 -45.3 .57.6 13.8 3.36 19.2 -20.4 Public and publicly guaranteed 0.0 29.7 2.1 -24.3 -45.3 .57.6 13.8 -3.6 19.2 .20.4 Official creditors 0.0 13.7 16.1 -4.8 -8.0 -10.7 -8.5 -6.4 33.4 12.1 Multilateral 0.0 11.7 8.6 -2.7 -4.6 -9.5 -3.9 -3.2 37.5 15.4 Concessional 0.0 10.4 -0.5 -0.8 -1.5 -2.3 -2.9 -3.6 11.4 5.1 Bilateral 0.0 2.0 7.5 -2.2 -3.4 -1.3 -4.6 -3.2 -4.2 -3.4 Concessional 0.0 0.8 1.6 1.5 0.1 -0.5 -1.1 -1.3 -1.3 -0.7 Private creditors 0.0 16.0 -14.0 -19.5 -37.3 -46.9 22.4 2.7 -14.1 -32.4 Bonds 0.0 16.7 -44.1 -32.0 0.0 0.0 -9.8 34.7 -4.6 -12.4 Commercial banks 0.0 -0.4 36.4 16.9 -32.5 -42.1 36.9 -27.1 -7.1 .20.0 Other private 0.0 -0.3 -6.2 -4.4 -4.8 -4.8 -4.8 -4.8 -2.4 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.8 -1.7 -4.2 -4.9 -5.5 -3.9 -1.2 -2.4 -0.6 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 82 BARBADOS (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0.8 5.8 39.3 37.5 32.2 28.3 27.0 27.4 26.9 29.3 Public and publicly guaranteed 0.8 5.8 39.3 37.5 32.2 28.3 27.0 27.4 26.9 29.3 Official creditors 0.0 2.6 14.4 14.0 14.1 13.7 14.3 12.6 12.1 13.0 Multilateral 0.0 1.6 11.5 11.4 11.1 11.3 12.3 10.6 10.4 11.8 Concessional 0.0 0.5 1.6 1.7 1.6 1.5 1.4 1.4 1.4 1.2 Bilateral 0.0 1.1 2.9 2.6 3.0 2.4 2.0 1.9 1.6 1.3 Concessional 0.0 0.4 0.4 0.5 0.4 0.4 0.3 0.3 0.2 0.1 Private creditors 0.8 3.2 24.9 23.5 18.1 14.7 12.7 14.8 14.9 16.3 Bonds 0.8 0.0 8.1 4.7 2.7 3.1 3.2 3.1 6.6 5.6 Commercial banks 0.0 3.1 15.5 16.9 13.9 10.4 8.8 11.3 8.2 10.7 Other private 0.0 0.1 1.3 1.9 1.5 1.2 0.8 0.5 0.1 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.2 2.9 2.7 2A4 2.1 1.7 1.6 1.3 1.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT -0.8 23.9 -37.2 -61.8 -77.5 -86.0 -13.2 -31.0 -7.7 -49.7 Public and publicly guaranteed -0.8 23.9 -37.2 -61.8 -77.5 -86.0 -13.2 -31.0 -7.7 -49.7 Official creditors 0.0 11.1 1.7 -18.8 -22.0 -24.4 -22.8 -18.9 21.3 -1.0 Multilateral 0.0 10.2 -2.9 -14.1 -15.7 -20.8 -16.2 -13.8 27.1 3.7 Concessional 0.0 9.8 -2.1 -2.4 -3.2 -3.8 -4.3 -5.0 10.0 3.9 Bilateral 0.0 0.9 4.5 -4.7 -6.3 -3.6 -6.6 -5.1 -5.8 -4.6 Concessional 0.0 0.4 1.2 1.0 -0.3 -0.9 -1.4 -1.5 -1.5 -0.8 Private creditors -0.8 12.8 -38.8 -42.9 -55.4 -61.6 9.6 -121.1 -29.0 -48.7 Bonds -0.8 16.7 -52.2 -36.7 -2.7 -3.1 -13.0 31.6 -11.2 -18.0 Commercial banks 0.0 -3.5 20.9 0.1 -46.4 -52.5 28.2 -38.4 -15.3 -30.7 Other private 0.0 -0.4 -7.5 -6.3 -6.3 -6.0 -5.6 -5.2 -2.5 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.7 -4.7 -6.9 -7.4 -7.6 -5.6 -2.8 -3.8 -1.6 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DEBT SERVICE (LTDS) 0.8 14.5 127.7 130.9 91.1 100.4 75.4 86.5 61.7 81.5 Public and publicly guaranteed 0.8 14.5 127.7 130.9 91.1 100.4 75.4 86.5 61.7 81.5 Official creditors 0.0 5.6 32.2 34.5 35.7 37.6 35.0 34.3 32.7 32.7 Multilateral 0.0 2.1 24.7 26.5 27.9 29.9 27.2 27.5 26.1 27.2 Concessional 0.0 0.6 3.8 4.3 4.6 4.9 4.8 5.3 5.2 5.1 Bilateral 0.0 3.4 7.5 8.0 7.8 7.8 7.8 6.8 6.6 5.6 Concessional 0.0 0.7 1.3 1.8 1.4 1.7 1.7 1.9 1.7 1.0 Private creditors 0.8 8.9 95.5 96.4 55.4 62.8 40.4 52.1 29.0 48.7 Bonds 0.8 0.0 52.2 36.7 2.7 3.1 13.0 8.4 11.2 18.0 Commercial banks 0.0 8.5 35.8 53.4 46.4 53.7 21.8 38.4 15.3 30.7 Other private 0.0 0.4 7.5 6.3 6.3 6.0 5.6 5.2 2.5 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.2 10.0 10.3 10.1 10.0 8.2 6.3 4.7 4.7 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UNDISBURSED DEBT 2.8 78.4 110.1 44.8 49.5 130.8 139.8 127.8 155.4 120.7 Official creditors 2.8 70.8 63.6 43.5 48.3 130.8 139.8 127.8 155.4 120.7 Private creditors 0.0 7.6 46.4 1.3 1.2 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD 0.0 37.0 92.6 93.4 70.2 67.1 61.2 56.3 66.3 70.2 Variable rate LDOD 0.0 15.9 155.8 119.3 81.5 56.8 49.4 29.8 53.9 66.3 Public sector LDOD 12.9 97.8 499.5 478.8 398.1 346.7 370.1 369.5 381.6 350.0 Private sector LDOD 0.0 0.0 4.6 3.9 2.6 1.3 0.6 0.2 0.0 0.0 fi. C L RRENC'i tOMPOSITI(IN OF LONG-TERNI DEBTWiERCENTI Deutsche mark 0.0 0.0 0.6 0.4 0.3 0.1 0.0 0.0 0.0 0.0 French franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen 0.0 0.0 13.7 8.3 10.0 12.8 10.8 9.2 6.8 3.3 Pound sterling 100.0 6.4 13.6 19.3 15.8 14.6 12.8 12.7 13.4 14.3 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 0.0 30.7 35.3 33.4 32.9 27.2 34.9 36.9 37.2 37.7 Multiple currency 0.0 30.5 31.9 33.2 38.5 42.7 39.9 39.5 41.0 43.0 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 0.0 32.4 4.9 5.4 2.4 2.5 1.6 1.7 1.6 1.8 83 BARBADOS (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEB F REI SRUC`IURI N(;S Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.t) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 20.4 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0,0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S. DEBT SlJOt K-F[.O"W RECON-C IL.%I ION Total change in debt stocks ... 39.0 -30.9 -42.5 -39.7 44.8 -17.7 -15.7 62.9 Net flows oo debt ... 18.8 -33.9 -4.4 -44.6 32.8 -21.7 -7.4 74.6 Net chanige in interest arrears ... -2.0 0.1 0.0 -0.1 0. 0.0 0.0 0.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 -20.4 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation . . 20.0 -1.3 -15.7 2.4 5.5 -1.9 0.0 -4.1 Residuaal ... 2.0 4.2 -2.0 2.6 6.5 5.9 -8.2 -7.6 9. ANFRXG(-L TEPUIS Of NEVt COMMI IrMENTS ALL CREDITORS Interest (%) 3.0 7.1 10.2 10.5 7.6 6.9 10.1 10.1 3.2 0.0 Maturity (years) 29.6 15.5 18.6 2.7 14.8 21.8 8.7 10.8 20.1 0. Grace period (years) 7.1 5.8 15.3 1.5 5.3 5.7 4.3 6.3 5.9 0.0 Grant element (%) 54.6 18.3 -5.5 -0.7 13.5 20.0 1.2 -1.6 46.2 0.0 Official creditors Interest (%) 3.0 6.1 6.5 9.1 7.6 6.9 7.2 6.6 3.2 0.0 Maturity (years) 29.6 19.9 15.4 23.1 1 4.8 21.8 20.3 20.0 20.1 0.0 Grace period (years) 7.1 5.2 4.9 4.8 5.3 5.7 4.4 4.0 5.9 0.0 Grant element (%) 54.6 26.6 21.7 4.7 13.5 20.0 17.3 21.0 46.2 0.0 Private creditors Interest( %) 0.0 8.3 11.7 10.5 0.0 0. 11.2 10.4 0.0 0.0 Maturity (years) 0.0 10.3 19.8 2.4 0.0 0.0 4.2 10.0 0.0 0.0 Grace period (years) 0.0 6.6 19.3 1.4 0.0 0.0 4.2 6.5 0.0 0.0 Grant element (%) 0.0 8.7 -16.1 -0.8 0.0 0.0 -5.1 -3.6 0.0 0.0 Memorandum items Commitments 2.5 61.9 102.0 12.2 21.2 96.1 69.6 43.6 82.2 0.0 Official creditors 2.5 33.3 28.5 0.2 21.2 96.1 19.6 3.6 82.2 0.0 Private creditors 0.0 28.6 73.5 12.0 0.0 0.0 50.0 40.0 0.0 0.0 Wo. I- ONi'R AC TUAL 0111. IG A FLE)VS ON 0UiT%Yk~NTJN(; I .O.NG-lTERNI DEWFi 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 44.2 34.0 22.9 10.8 5.3 2.2 0.6 0.6 0.2 0.0 Principal ~34.8 55.0 25.0 24.6 33.6 '31.1 -31.3 29.5 18.4 17.5 Interest 29.1 28.6 24.6 23.5 21.9 19.6 17.3 15.2 13.4 12.5 Official creditors Disbursements 44.2 34.0 22.9 10.8 5.3 2.2 0.6 0.6 0.2 0.0 Principal 23.3 25.0 25.0 24.6 23.6 21.1 21.3 19.5 18.4 17.5 Interest 14.7 14.7 14.2 13.1 11.8 10.5 9.3 8.2 7.2 6.3 Bilateral creditors Disbursements 0.6 0.9 0.5 0.3 0.0 0.0 0.0 0.0 0.0 0.0 Principal 3.2 3.0 2.6 1.4 0.8 0.8 0.8 0.8 0.8 0.8 Interest 1.1 0.9 0.8 0.6 0.6 0.5 0.5 0.4 0.4 0.3 Muiltilateral creditors Disbursements 43.6 33.1 22.4 10.6 5.3 2. 2 0.6 0.6 0.2 0.0 Principal 20.1 22.0 2-2.4 23.2 22.8 20.3 20.5 18.8 17.6 16.7 Interest 13.6 13.8 13.4 12.5 11.2 10.0 8.9 7.8 6.9 6.0 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 11.5 30.0 0.0 0.0 10.0 10.0 10.0 10.0 0.0 0.0 Interest 14.4 13.9 10.4 10.4 10.1 9.1 8.0 7.0 6.2 6.2 Comnmercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 30.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 9.7 9.7 6.2 6.2 6. 2 6.2 6.2 6.2 6.2 6.2 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 1 1.5 0.0 0.0 0.0 10.0 10.0 10.0 10.0 0.0 0.0 Interest 4.7 4. 2 4.2 4.2 3.9 2.9 1.8 0.8 0.0 0.0 84 BELARUS (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. St MNLARI DEBT DATA TOTAL DEBT STOCKS (EDT) 189 969 1,273 1,667 1,096 1,162 Long-term debt (LDOD) . 189 866 1,100 1,275 720 675 Public and publicly guaranteed . . .. 189 865 1,100 1,255 690 652 Private nonguaranteed 0 1 1 20 30 23 Use of IMF credit .. 0 96 102 283 274 257 Short-term debt .. .. .. 0 7 70 110 102 230 of which interest arrears on LDOD . . .. 0 7 15 18 10 1 Official creditors .. 0 0 0 0 2 1 Private creditors .. 0 7 15 18 8 0 Memo: principal arrears on LDOD 0 0 135 140 12 1 Official creditors . . .. 0 0 0 0 1 1 Private creditors .. 0 0 135 140 11 0 Memo: export credits .. .. .. 40 211 379 399 352 279 TOTAL DEBT FLOWS Disbursements .. 190 429 329 440 113 87 Long-term debt .. .. 190 331 329 258 113 87 IMF purchases .. .. 0 98 0 182 0 0 Principal repayments .. .. .. 0 3 88 108 65 75 Long-term debt .. .. 0 3 88 108 65 75 IMF repurchases .. 0 0 0 0 0 0 Net flows on debt . .. .. 190 426 296 369 49 149 of which short-term debt .. .. 0 0 55 36 1 137 Interest payments (INT) .. 1 12 31 72 56 75 Long-term debt .. .. .. .. 1 11 22 58 39 55 IMF charges .. .. .. .. 0 1 5 10 12 12 Short-term debt .. .. .. .. 0 0 4 4 4 9 Net transfers on debt .. .. .. .. 189 414 265 296 -7 74 Total debt service paid (TDS) .. . 1 15 119 180 120 150 Long-term debt .. .. .. .. 1 13 110 166 104 129 IMF repurchases and charges .. .. .. .. 0 1 5 10 12 12 Short-term debt (interest only) .. .. .. .. 0 0 4 4 4 9 2. %G(;REu.ATE NE] RESOURC'E FLOW S AND NET TRAXNSFERS tLONG-TERiUI NET RESOURCE FLOWS .. . . .. 445 504 335 307 159 238 Net flow of long-term debt (ex. IMF) .. .. .. .. 190 328 241 150 48 12 Foreign direct investment (net) .. .. .. .. 7 10 15 20 73 200 Portfolio equity flows .. .. .. .. 0 0 0 0 0 0 Grants (excluding technical coop.) .. .. .. .. 248 167 79 136 38 26 Memo: technical coop. grants .. .. .. .. 3 12 13 27 25 16 official net resource flows .. .. .. .. 272 379 231 183 72 70 private net resource flows .. .. .. .. 173 126 104 123 87 169 NET TRANSFERS .. .. .. . 444 494 313 249 120 184 Interest on long-term debt .. .. .. .. 1 11 22 58 39 55 Profit remittances on FDI .. .. .. .. 0 0 0 0 0 0 Memo: official net transfers .. .. .. .. 272 373 223 151 54 47 private net transfers .. .. .. .. 172 121 90 98 66 137 3. AI-AJOR ECk%NOMIlC AGCREGATES Gross national product (GNP) .. .. 30,863 26,729 19,037 18,362 20,439 22,334 Exports of goods & services (XGS) .. .. .. .. 3,661 3,112 2.912 5,083 6,799 8,379 of which workers remittances .. .. .. .. 0 0 0 29 30 48 Imports of goods & services (MGS) .. .. .. .. 3,558 4,294 3,602 5,386 7,363 9,209 International reserves (RES) .. .. .. .. .. .. .. Current account balance .. . .. .. . .. .. 4. DEBT INDIC -NTORN EDTi'XGS(%) .. .. .. .. 5.2 31.1 43.7 32.8 16.1 13.9 EDT, GNP (%) .. .. .. .. 0.6 3.6 6.7 9.1 5.4 5.2 TDSi'XGS(%) .. .. .. .. 0.0 0.5 4.1 3.5 1.8 1.8 INT X XGS (%) .. .. .. .. 0.0 0.4 1.1 1.4 0.8 0.9 INT ,'CGNP(SO .. . .. .. 0.0 0.0 0.2 0.4 0.3 0.3 RES;, EDT(%) .. .. .. .. . . .. RES i MGS (months) .. .. .. .. .. .. .. Short-term .EDT (%) .. . .. .. 0.0 0.7 5.5 6.6 9.3 19.8 Concessional ,' EDT (%) .. .. .. .. 12.4 48.1 36.2 28.6 7.8 7.4 Multilateral l EDT (%) .. .. .. .. 0.5 11.5 13.6 11.3 20.0 22.2 85 BELARUS (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-TERMI DEBIl DEBT OUTSTANDING OLDOD) ...... 189 866 1,100 1,275 720 675 Public and publicly guaranteed . .... 189 865 1,100 1,255 690 652 Official creditors 24 593 718 769 361 384 Multilateral 1 112 173 188 219 259 Concessional -.0 0 0 0 0 0 Bilateral 23 481 545 582 142 125 Concessional 23 467 461 477 86 86 Private creditors 164 272 382 486 329 268 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 2 Other private 164 272 382 486 329 267 Private nonguaranteed ......0 1 1 20 30 23 Bonds 0 0 0 0 0 0 COMMercial banks 0 1 1 20 30 23 Memo: IBRD 0 0 101 116 121 124 IDA 0 0 0 0 0 0 DISBURSEMENTS .... . 190 331 329 258 113 87 Public and publicly guaranteed . .... 190 329 329 238 96 87 Official creditors 24 212 211 131 57 64 Multilateral 1 116 III 77 47 64 Concessional 0 0 0 0 0 0 Bilateral 23 96 100 54 10 0 Concessional 23 81 30 20 10 0 Private creditors 166 117 117 107 39 23 Bonds 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 2 Other private 166 117 117 107 39 21 Private nonguaranteed ......0 2 0 20 17 0 Bonds 0 0 0 0 0 0 Commercial banks 0 2 0 20 1 7 0 Menmo: IBRD 0 0 100 I11 14 13 IDA 0 0 0 0 0 0 PRINCIPAL REPAYMENTS ......0 3 88 108 65 75 Public and publicly guaranteed ......0 2 87 108 58 68 Official creditors 0 0 60 84 23 20 Multilateral 0 0 60 70 4 7 Concessional 0 0 0 0 0 0 Bilateral 0 0 0 15 19 13 Concessional 0 0 0 0 0 0 Private creditors 0 2 27 24 35 47 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 Other private 0 2 27 24 35 47 Private nonguaranteed .. ...0 1 1 0 7 7 Bonds 0 0 0 0 0 0 Commercial banks 0 1 1 0 7 7 Memo: IBRD 0 0 0 0 0 0 IDA 0 0 0 0 0 0 NET FLOWS ON DEBT .... . 190 328 241 150 48 12 Public and publicly guaranteed ...... 190 327 242 130 38 19 Official creditors 24 212 152 47 33 43 Multilateral 1 116 51 8 43 56 Concessional 0 0 0 0 0 0 Bilateral 23 96 100 39 -9 -13 Concessional 23 81 30 20 10 0 Private creditors 166 115 90 83 5 -24 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 2 Other private 166 115 90 83 5 -26 Private nonguaranteed ......0 1 -1 20 10 -7 Bonds 0 0 0 0 0 0 Commercial banks 0 1 -1 20 10 -7 Memo: IBRD 0 0 100 I11 14 13 IDA 0 0 0 0 0 0 86 BELARUS (US$ mnillion, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) I.. ii 22 58 39 55 Puiblic and publicly guaranteed I. 11 22 57 36 51 Official credlitors 0 5 7 32 17 23 Multilateral ..0 5 6 23 13 17 Concessiottal 0 0 0 0 0 0 Bilateral ..0 0 2 10 4 5 Concessional 0 0 1 1 2 2 Private creditors ..1 5 15 25 18 29 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 Other private 1 5 15 25 18 28 Private nonguaranteed 0 0 0 0 3 3 Bonds ..0 0 0 0 0 0 Commercial banks 0 0 0 0 3 3 Memo: IBRD .. 0 0 2 8 8 8 IDA ...0 0 0 0 0 0 NET TRANSFERS ON DEBT ..189 317 219 93 9 -42 Public and publicly guaranteed . . 189 316 220 73 2 -32 Official creditors 24 207 144 15 16 21 Multilateral I.. . II1 46 -15 30 39 Concessional ...0 0 0 0 0 0 Bilateral ..23 96 98 30 -14 -18 Concessional 23 81 29 19 8 -2 Private creditors .. 165 110 75 58 -14 -53 Bonds ..0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 1 Other private ...165 110 75 58 -14 -54 Private nonguaranteed 0 1 -1 20 7 -10 Bonds ..0 0 0 0 0 0 Commercial banks ..0 1 -1 20 7 -10 Memo: IBRD ..0 0 98 4 6 6 IDA ...0 0 0 0 0 0 DEBT SERVICE (LTDS) ..1 13 110 166 104 129 Public and publicly guaranteed ... .1 13 109 165 94 119 Official creditors 0 5 67 117 41 43 Multilateral ..0 5 65 92 17 25 Concessional ..0 0 0 0 0 0 Bilateral 0 0 2 24 24 18 Concessional 0 0 1 1 2 2 Private creditors 1 7 42 49 53 76 Bonds ..0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 Other private ..1 7 42 49 53 76 Private nonguaranteed .. ...0 1 1 0 it 10 Bonds ..0 0 0 0 0 0 Commercial banks ...0 1 1 0 11 10 Memo: IBRD .. .. 0 0 2 8 8 8 IDA ......0 0 0 0 0 0 UNDISBURSED DEBT . . . .. 380 498 410 295 225 257 Official creditors ...... 202 302 280 255 190 203 Private creditors ...... 178 195 130 40 34 54 Memorandum items Concessional LDOD ...... 23 467 461 477 86 86 Variable rate LDOD ...... 165 452 578 690 513 458 Public sector LDOD ... . 189 865 1,100 1,255 690 652 Private sector LDOD ... .0 1 1 20 30 23 6. C-1. RREN(.Y CONIPOl'~ li0N OIF LONG- FE R-il DEBT (PERCENTi Deutsche mark ...... 15.7 17.6 23.2 26.4 41.8 34.8 French franc ...... 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ...... 0.0 0.0 2.9 2.4 3.0 2.2 Pound sterling ...... 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ...... 0.0 0.0 0.0 0.7 1.1 0.8 U.S.dollars ...... 83.8 63.9 55.5 52.7 27.7 35.3 Multiple currency ..... 0.0 0.0 9.4 11.2 17.5 19.0 Special drawing rights . .. 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies . .. 0.5 18.5 9.0 6.6 8.9 7.8 87 BELARUS (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBTr RES1 RUCT'RI NGS Total amount rescheduled 0 385 0 0 0 0 Debt stock rescheduled ..0 0 0 0 0 0 Principal rescheduled ..0 0 0 0 0 0 Official 0I 0 0 0 0 0 Private ..0 0 0 0 0 0 Interest rescheduled ..0 0 0 0 0 0 Official ...0 0 0 0 0 0 Private 0 0 0 0 0 0 Debt forgiven ...0 0 0 0 557 0 Memo: interest forgiven ..0 0 0 0 15 0 Debt stock reduction 0 0 0 0 0 0 of which debt buyback ... .0 0 0 0 0 0 S. IDEBT 14O(1 K-FLOW RTICONCILLATION. Total change in debt stocks .. 781 303 395 -572 66 Net flows on debt 426 296 369 49 149 Net change in interest arrears 7 8 3 -9 -8 Interest capitalized ... .. .0 0 0 0 0 Debt forgiveness or reduction ... .. .0 0 0 -557 0 Cross-currency valuation ... .. . -54 29 33 -40 -50 Residual ... .. . 402 -30 -10 -15 -24 9. .AN EPHAGE TERNIS OF NE" COMMITAIT~ETS ALL CREDITORS Interest (%) ...... 6.2 7.2 7.1 5.7 6.3 5.8 Maturity (years) ...... 6.9 12.4 11.8 14.0 19.0 6.9 Grace period (years) ...... 2.8 4.6 3.7 4.8 3.6 1.8 Grant element (%M.. .. 11.5 4.2 14.3 25.3 22.1 13.5 Official creditors Interest (%) ...... 4.6 6.9 6.9 5.2 4.5 6.0 Maturity (years) .... . 7.8 13.9 13.0 16.0 16.8 8.3 Grace period (years) ...... 2.6 5.2 4.0 5.6 6.8 1.6 Grant clement (%) . .... 17.2 2.2 16.9 29.9 35.6 13.7 Private creditors Interest (%) ...... 7.3 7.8 8.1 8.1 6.7 5.4 Maturity (years) .... . 6.3 9.3 7.4 5.8 19.5 4.1 Grace period (years) ...... 3.0 3.4 2.6 1.6 2.9 2.3 Grant element (%) ...... 7.7 8.6 4.7 5.9 19.3 13.2 Memorandum items Commitments ...... 586 468 287 145 44 131 Official creditors ...... 236 321 226 117 8 85 Private creditors ...... 350 147 61 28 36 46 WI. C()NTR%CTl.'-L OBLIGATIONS ON OLITSTANDIN(; LONtG-T1TM DEBTI 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 107 85 35 18 7 4 2 1 0 0 Principal 92 139 108 107 107 81 72 63 29 26 Interest 43 45 38 33 27 21 16 12 9 7 Official creditors Disbursements 76 65 32 17 7 4 2 1 0 0 Principal 33 5 1 54 62 67 64 59 56 27 24 Interest 28 30 29 26 22 18 14 10 7 5 Bilateral creditors Disbursements 17 35 20 9 3 2 0 0 0 0 Principal 14 18 18 19 21 21 16 16 4 4 Interest 6 7 7 7 6 5 4 3 2 2 Multilateral creditors Disbursements 59 30 13 8 3 2 2 1 0 0 Principal 19 33 35 43 46 43 43 40 23 20 Interest 23 23 21 19 16 13 10 7 5 3 Private creditors Disbursements 3 1 20 3 1 0 0 0 0 0 0 Principal 59 88 55 44 41 18 13 7 2 2 Interest 15 14 10 8 4 3 2 2 1 1 Commercial banks Disbursements 2 1 0 0 0 0 0 0 0 0 Principal 0 1 1 1 1 0 0 0 0 0 Interest 1,290 1,336 1,525 1,706 2,160 2,137 2,096 2,053 1,975 1,866 Other private Disbursements 1,104 557 205 61 12 0 0 0 0 0 Principal 2,444 1,279 1,782 1,634 1,066 789 1,492 372 159 2,479 Interest 928 980 851 715 519 444 360 284 260 132 88 BELIZE (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SU'I1!UXRN DEBT D %I1A TOTAL DEBT STOCKS (EDT) .. 62.9 154.2 170.8 187.6 198.7 200.7 260.5 287.7 383.4 Long-term debt (LDOD) 4.1 46.9 147.7 160.0 176.6 179.5 184.2 220.3 252.3 199.1 Public and publicly guaranteed 4.1 46.9 136.6 151.1 170.2 175.9 182.7 220.3 252.3 199.1 Private nonguaranteed 0.0 0.0 11.1 8.9 6.4 3.6 1.5 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 16.0 6.1 10.8 11.0 19.1 16.5 40.2 35.4 184.3 of which interest arrears on LDOD .. 0.0 0.9 0.6 0.9 2.1 2.5 5.1 4.9 2.3 Official creditors .. 0.0 0.4 0.6 0.8 1.0 1.3 2.6 3.2 1.1 Private creditors .. 0.0 0.5 0.0 0.1 1.1 1.2 2.4 1.7 1.3 Memo: principal arrears on LDOD .. 0.0 2.0 1.2 2.2 2.8 6.1 11.4 8.1 5.7 Official creditors .. 0.0 0.8 1.2 2.2 2.3 3.9 5.1 4.1 1.3 Private creditors .. 0.0 1.2 0.0 0.1 0.5 2.1 6.4 4.0 4.4 Memo: export credits ... 30.0 45.0 31.0 34.0 47.0 41.0 38.0 30.0 TOTAL DEBT FLOWS Disbursements 4.3 13.7 22.3 25.3 38.0 18.5 19.3 31.2 60.1 26.5 Long-term debt 4.3 13.7 22.3 25.3 38.0 18.5 19.3 31.2 60.1 26.5 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.0 0.6 12.9 13.2 12.8 14.3 18.8 26.2 26.9 18.2 Long-term debt 0.0 0.6 9.9 12.8 12.8 14.3 18.8 26.2 26.9 18.2 IMF repurchases 0.0 0.0 3.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 4.3 13.1 10.2 17.1 25.2 11.0 -2.5 26.2 28.5 159.8 of which short-term debt ... 0.8 5.0 0.0 6.8 -3.0 21.2 -4.7 151.5 Interest payments (INT) . 3.1 7.2 6.4 6.5 7.0 8.3 11.3 12.7 12.6 Long-term debt 0.0 0.9 6.6 5.9 6.1 6.2 7.3 9.9 10.8 7.7 IMP charges 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 2.2 0.4 0.5 0.4 0.8 0.9 1.4 1.9 4.9 Net transfers on debt .. 10.0 3.0 10.7 18.7 4.0 -10.8 14.9 15.9 147.2 Total debt service paid (TDS) -. 3.6 20.1 19.6 19.3 21.4 27.1 37.5 39.5 30.8 Long-term debt 0.0 1.5 16.5 18.7 18.9 20.5 26.1 36.1 37.7 26.0 IMF repurchases and charges 0.0 0.0 3.2 0.4 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 2.2 0.4 0.5 0.4 0.8 0.9 1.4 1.9 4.9 2. GGEAENET RESOLURCE FLOWS kND) NETT RANSFERS LO\U-IE RMI NET RESOURCE FLOWS 6.0 21.9 33.8 29.5 47.2 30.9 28.5 33.0 51.0 29.0 Net flow of long-term debt (ex. IMP) 4.3 13.1 12.4 12.5 25.2 4.2' 0.5 5.0 33.2 8.3 Foreign direct investment (net) 0.0 0.0 17.0 14.0 16.0 9.0 15.0 21.0 15.0 17.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excludfing technical coop.) 1.7 8.8 4.4 3.0 6.0 17.7 13.0 7.0 2.8 3.7 Memo: technical coop. grants 1.0 2.4 13.0 15.0 14.0 16.4 9.8 12.6 11.6 8.1 official net resource flows 6.0 16.1 11.1 12.7 29.4 20. 2 15.9 15.7 2)9.9 18.7 private net resource flowvs 0.0 5.8 22.6 16.8 17.8 10.71 12.5 17.3 21.1 10.4 NET TRANSFERS 6.0 21.0 19.7 14.7 28.7 12.3 8.3 10.1 28.2 8.3 Interest on long-term debt 0.0 0.9 6.6 5.9 6.1 6.2 7.3 9.9 10.8 7.7 Profit remittances on FDI 0.0 0.0 7.5 8.9 12.4 12.4 12.8 13.0 12.0 13.0 Memo: official net transfers 6.0 15.2 6.9 8.7 24.8 15.0 10.5 8.1 21.5 12.7 private net tranlsfers 0.0 5.8 12.8 6.0 3.8 -2.7 -2.2 2.0 6.7 -4.4 3.NI kJOR Et 0NONIIC.AUGGREGA-TES Gross national product (GNP) 51.5 192.8 396.1 420.3 467.5 507.4 529.6 569.6 612.8 616.3 Exports of goods & services (XGS) ... 268.9 269.4 306.1 301.5 293.5 314.1 328.6 336.1 of which workers remittances ... 13.7 12.3 16.2 13.1 13.0 13.9 13.2 12.6 Imports of goods & services (MGS) ... 269.2 310.9 348.9 366.4 348.0 350.6 353.2 392.7 International reserves (RES) . .. .. .. Current account balance ... 15.4 -25.8 -28.6 -48.5 -40.1 -17.2 -6.6 -39.6 4. DE BT INDIC'ATORs EDT/XGS %)... 57.3 63.4 61.3 65.9 68.4 82.9 87.5 114.1 EDT! GNP ().. 32.6 38.9 40.6 40.1 39.2 37.9 45.7 46.9 62.2 TDS /XGS (9). . 7.5 7.3 6.3 7.1 9.2 11.9 12.0 9.2 INT/XGS ()... 2.7 2.4 2.1 2.3 2.8 3.6 3.9 3.8 TNT /GNP ().. 1.6 1.8 1.5 1.4 1.4 1.6 2.0 2.1 2.0 RES/EDT(I%)............ RES /MGS (months)............ Short-term /EDT (I1) .. 25.4 4.0 6.3 5.9 9.6 8.2 15.4 12.3 48.1 Concessional i EDT (91) .. 48.7 52.6 48.9 46.0 42.0 41.6 35.7 41.2 21.3 Multilateral / EDT (91) .. 35.7 37.4 35.6 34.0 31.71 35.4 34.4 31.3 18.7 89 BELIZE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LO\l.-rE RAI [WBIl DEBT OUTSTANDING (LDOD) 4.1 46.9 147.7 160.0 176.6 179.5 184.2 220.3 252.3 199.1 Public and publicly guaranteed 4.1 46.9 136.6 151.1 170.2 175.9 182.7 220.3 252.3 199.1 Official creditors 4.1 39.9 118.3 127.7 143.1 144.4 151.4 175.8 201.7 159.7 Multilateral 0.0 22.5 57.7 60.8 63.9 63.0 71.0 89.7 89.9 71.7 Concessional 0.0 19.6 30.1 32.2 34.9 34.1 34.5 43.2 40.6 18.6 Bilateral 4.1 17.4 60.6 66.9 79.2 81.4 80.4 86.1 111.8 88.1 Concessional 0.0 11.1 50.9 51.3 51.5 49.3 48.9 49.9 7S.0 63.1 PTivate creditors 0.0 7.1 18.2 23.4 27.1 31.6 31.3 44.5 50.6 39.4 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 16.4 18.9 23.4 22.0 24.3 38.7 47.6 39.4 Other private 0.0 7.1 1.8 4.5 3.7 9.6 7.0 5.8 2.9 0.0 Private nonguaranteed 0.0 0.0 11.1 8.9 6.4 3.6 1.5 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 11.1 8.9 6.4 3.6 1.5 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 17.5 18.6 19.2 20.1 25.6 29.5 32.5 39.9 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 4.3 13.7 22.3 25.3 38.0 18.5 19.3 31.2 60.1 26.5 Public and publicly guaranteed 4.3 13.7 18.0 25.3 38.0 18.5 19.3 31.2 60.1 26.5 Official creditors 4.3 7.8 13.3 16.4 31.0 11.8 14.7 25.8 44.9 26.5 Multilateral 0.0 4.6 5.9 6. 2 8.9 4. 2 10.6 12.4 9.9 21.6 Concessional 0.0 3.2 2.3 3.9 5.4 1.9 1.5 3.4 0.9 0.5 Bilateral 4.3 3.3 7.5 10.1 22.1 7.6 4.1 13.4 35.0 5.0 Concessional 0.0 0.7 4.6 2.6 7.0 0.0 0.0 3.5 30.4 1.3 Private creditors 0.0 5.8 4.6 8.9 7.0 6.7 4.6 5.3 15.2 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 4.6 4.8 6.3 0.0 4.6 4.8 15.2 0.0 Other private 0.0 5.8 0.0 4.2 0.8 6.7 0.0 0.5 0.0 0.0 Private nonguaranteed 0.0 0.0 4.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 4.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 3.4 1.9 2.4 2.1 6.4 5.6 7.5 12.6 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 0.0 0.6 9.9 12.8 12.8 14.3 18.8 26.2 26.9 18.2 Public and publicly guaranteed 0.0 0.6 9.0 10.6 10.3 11.5 16.7 24.7 26.9 18.2 Official creditors 0.0 0.5 6.6 6.7 7.6 9.3 11.8 17.1 17.8 11.6 Multilateral 0.0 0.4 2.7 3.8 4.1 4.7 5.3 7.2 6.8 5.1 Concessional 0.0 0.3 1.5 2.0 2.0 2.1 2.1 3.2 3.0 1.9 Bilateral 0.0 0.1 3.9 2.8 3.5 4.7 6.5 10.0 10.9 6.5 Concessional 0.0 0.1 1.1 1.5 1.6 1.5 1.6 2.6 3.8 0.7 Private creditors 0.0 0.1 2.4 3.9 2.7 2.2 4.9 7.6 9.1 6.6 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 2.3 2.2 1.8 1.5 2.3 4.7 6.2 5.3 Other private 0.0 0.1 0.1 1.7 0.9 0.7 2.7 2.9 2.9 1.4 Private nonguaranteed 0.0 0.0 0.9 2.2 2.5 2.8 2.1 1.5 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.9 2.2 2.5 2.8 2.1 1.5 0.0 0.0 Memo: IBRD 0.0 0.0 0.6 1.2 1.3 1.6 2.3 2.5 2.3 2.3 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT 4.3 13.1 12.4 12.5 25.2 4.2 0.5 5.0 33.2 8.3 Public and publicly guaranteed 4.3 13.1 8.9 14.7 27.7 7.0 2.6 6.5 33.2 8.3 Official creditors 4.3 7.3 6.7 9.7 23.4 2.5 2.9 8.7 27.1 15.0 Multilateral 0.0 4.2 3.1 2.4 4.8 -0.4 5.3 5.2 3.1 16.5 Concessional 0.0 2.8 0.8 1.9 3.5 -0.2 -0.6 0.3 -2.1 -1.4 Bilateral 4.3 3.1 3.6 7.3 18.6 2.9 -2.4 3.5 24.0 -1.5 Concessional 0.0 0.7 3.5 1.1 5.4 -1.5 -1.6 0.9 26.6 0.7 Private creditors 0.0 5.8 2.2 5.0 4.3 4.5 -0.4 -2.2 6.1 -6.6 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 2.3 2.5 4.5 -1.5 2.3 0.2 9.0 -S.3 Other private 0.0 5.8 -0. 1 2.5 -0.2 6.0 -2.7 -2.4 .2.9 -1.4 Private nonguaranteed 0.0 0.0 3.4 -2.2 -2.5 -2.8 -2.1 -1.5 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 3.4 -2.2 -2.5 -2.8 -2.1 -1.5 0.0 0.0 Memo: IBRD 0.0 0.0 2.8 0.7 1.1 0.5 4.1 3.1 5.2 10.3 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 90 BELIZE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0.0 0.9 6.6 5.9 6.1 6.2 7.3 9.9 10.8 7.7 Public and publicly guaranteed 0.0 0.9 5.6 4.9 5.4 5.8 7.2 9.8 10.8 7.7 Official creditors 0.0 0.9 4.2 4.0 4.6 5.2 5.4 7.6 8.4 6.0 Multilateral 0.0 0.6 2.7 2.8 2.8 2.8 2.8 4.0 4.2 3.4 Concessional 0.0 0.5 1.0 0.9 0.9 0.8 0.8 1.1 1.1 0.6 Bilateral 0.0 0.3 1.5 1.2 1.7 2.5 2.6 3.7 4.2 2.5 Concessional 0.0 0.0 0.6 0.5 0.5 0.6 0.6 0.8 1.5 0.8 Private creditors 0.0 0.0 1.4 0.9 0.9 0.6 1.8 2.2 2.4 1.8 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 1.4 0.8 0.5 0.3 1.2 1.6 2.1 1.8 Other private 0.0 0.0 0.0 0.1 0.4 0.2 0.6 0.6 0.4 0.0 Private nonguaranteed 0.0 0.0 0.9 1.0 0.7 0.4 0.1 0.1 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 COMMercial banks 0. 0. 0.9 1.0 0.7 0.4 0.1 0.1 0.0 0.0 Memo: IBRD 0.0 0.0 1.1 1.3 1.4 1.4 1.5 1.9 2.0 2.1 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT 4.3 12.2 5.8 6.6 19.1 -2.0 -6.9 4.49 22.4 0.6 Public and publicly guaranteed 4.3 12.2 3.3 9.8 22.3 1.2 -4.6 -3.4 22.4 0.6 Official creditors 4.3 6.4 2.5 5.7 18.8 -2.7 -2.5 1.1 18.7 9.0 Multilateral 0.0 3.6 0.4 -0.3 1.9 -3.2 2.5 1.2 -1.2 13.1 Concessional 0.0 2.3 -0.3 L.0 2.6 -1.0 -1.4 -0.9 -3.2 -2.0 Bilateral 4.3 2.9 2.1 6.1 16.9 0.4 -5.0 -0.2 19.9 -4.1 Concessional 0.0 0.7 3.0 0.6 4.8 -2.1 -2.2 0.0 25.1 -0.2 Private creditors 0.0 5.8 0.S 4.1 3.5 4.0 -2)2 -4.4 3.7 -8.4 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 1.0 1.7 4.0 -1.8 1.1 -1.5 6.9 -7.0 Other private 0.0 5.8 -0.2 2.4 -0.5 5.8 -3.3 -3.0 -3.2 -1.4 Private nonguaranteed 0.0 0.0 2.5 -3.2 .3.2 -3.2 -2.2 -1.6 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 2.5 -3.2 -3.2 -3.2 -2.2 -1.6 0.0 0.0 Memo: IBRD 0.0 0.0 1.7 -0.6 -0.3 -0.9 2.6 1.2 3.2 8.2 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DEBT SERVICE (LTDS) 0.0 1.5 16.5 18.7 18.9 20.5 26.1 36.1 37.7 26.0 P'ublic and publicly guaranteed 0.0 1.5 14.7 15.5 15.7 17.3 23.9 34.5 37.7 26.0 Official creditors 0.0 1.4 10.8 10.7 12.2 14.6 17.2 24.8 26.1 17.5 Multilateral 0.0 1.0 5.4 6.6 6.9 7.4 8.1 11.2 11.0 8.5 Concessional 0.0 0.9 2.5 2.9 2.9 2.9 2.9 4.3 4.1 2.5 Bilateral 0.0 0.4 5.4 4.1 5.3 7.1 9.1 13.6 15.1 9.0 Concessional 0.0 0.1 1.6 2.0 2.1 2.1 2.2 3.5 5.3 1.5 Private creditors 0.0 0.1 3.8 4.8 3.6 2.7 6.7 9.8 11.5 8.4 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 3.7 3.1 2.3 1.8 3.4 6.3 8.3 7.0 Other private 0.0 0.1 0.2 1.8 1.3 0.9 3.3 3.5 3.2 1.4 Private nonguaranteed 0.0 0.0 1.8 3.2 3.2 3.2 2.2 1.6 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 1.8 3.2 3.2 3.2 2.2 1.6 0.0 0.0 Memo: IBRD 0.0 0.0 1.8 2.5 2.7 3.1 3.8 4.4 4.3 4.4 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UNDISBURSED DEBT 0.0 22.7 61.6 50.9 53.3 99.7 93.1 97.4 86.6 33.6 Official creditors 0.0 17.9 50.5 44.6 52.0 74.3 78.1 85.6 78.0 32.4 Private creditors 0.0 4.8 11.1 6.3 1.2 25.4 15.0 11.8 8.6 1.2 Memorandum items Concessional LDOD 0.0 30.7 81.0 83.6 86.3 83.4 83.4 93.1 118.6 81.7 Variable rate LDOD 0.0 0.0 38.6 41.2 42.8 39.9 42.8 56.6 57.2 60.6 Public sector LDOD 4.1 46.9 136.6 151.1 170.2 175.9 182.7 220.3 252.3 199.1 Private sector LDOD 0.0 0.0 11.1 8.9 6.4 3.6 1.5 0.0 0.0 0.0 6. (ILRRENCI (OlPOSI U'ION OF L.ONE .TER.NI DEBT i PERt E\Ti Deutsche mark 0.0 0.9 0.7 0.5 0.4 0.3 0.3 0.2 0.2 0.0 French franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 100.0 15.3 23.6 23.0 16.7 14.4 13.0 10.3 8.3 5.8 Swiss franc 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 0.0 0.0 UJ.S.dollars, 0.0 29.4 45.2 46.3 52.4 56.4 55.8 62.4 67.3 64.6 Multiple currency 0.0 23.4 23.4 21.5 19.0 18.3 20.0 17.6 16.0 21.9 Special drawing rights 0.0 0.0 0.5 0.4 0.2 0.7 0.8 0.6 0.4 0.5 All other currencies 0.0 31.1 6.7 8.2 11.2 9.9 10.3 8.9 7.8 7.2 91 BELIZE (US$ mi/lion, uinless othervise indicated) 1970 1980 2990 2991 1992 1993 1994 1995 2996 1997 7. DEBI R~E%;rRL ATI_RLN(;S Total amount rescheduled 0.0 0.0 0.0 0.0 7.3 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 7.3 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IntereSt rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 (1.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 (1.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 9.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 N~. D)EBT STOL'K-FI.0%% REC ONCILL~IATION Total change in debt stocks . . 9.0 16.6 16.8 11.0 2.0 59.8 27.1 95.8 Net flows on debt ... 10.2 17.1i 25.2 11.0 -2.5 26.2 28.5 159.8 Net change in interest arrears ... 0.0 -0.3 0.3 1.3 0.3 2.6 -0.1 -2.6 Interest capitalized . . 0.0 (1. 0.0 0.0 0.0 0.0 0.0 (1.0 Debt forgiveness or reduction ... -9.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 8.9 -1.0 -8.2 -1.5 4.0 1.1 -1.5 -4.8 Residual ... -1.0 0.8 -0.5 0.3 0.2 30.0 0.3 -56.7 ). .X"1 RAPGE I1 ERNIS OF NE%% C'OINlUTM'ENTi ALL CREDITORS Interest (% 7.0 5.6 5.0 7.7 6.2 6.2 5.8 6.0 4.3 6.6 Maturity (years) 26.0 18.0 10.0 12.0 18.3 11.8 14.7 17.6 17.4 19.7 Grace period (years) 3.0 4.7 2.5 2.3 2.7 3.1 4.2 3.9 12.6 5.1 Grant element (%) 20.7 29.0 21.2 10.3 21.5 15.9 22.5 23.0 37.1 20.9 Official creditors Interest (% 7.0 4.4 5.0 7.1 6.2 6.4 5.8 5.9 5.2 6.6 Maturity (years) 26.0 25.0 10.0 13.7 19.0 16.0 17.6 17.9 20.7 19.7 Grace period (years) 3.0 6.7 2.5 2.6 2.8 4.4 5.2 3.9 15.4 5.1 Grant element (%) 20.7 43.0 21.2 13.2 22.3 19.6 26.4 23.3 38.7 20.9 Private creditors Intere,st (%) 0.0 7.2 0.0 9.9 7.1 6.0 5.9 8.6 1.8 0.0 Maturity (years) 0.0 7.7 0.0 5.4 5.9 6.6 5.5 4.8 7.0 0.0 Grace period (years) 0.0 1.7 0.0 1.0 1.4 1.6 1.0 0.3 3.5 0.0 Grant element (%) 0.0 8.6 0.0 -0.5 7.9 11.4 10.0 2.7 32.0 0.0 Memorandum items Commitments 4.3 11.6 5.0 20.0 43.8 68.4 23.5 29.2 49.9 10.5 Official creditors 4.3 6.9 5.0 15.8 41.4 37.5 17.8 28.7 37.9 10.5 Private creditors 0.0 4.7 0.0 4.2 2.4 30.9 5.6 0.5 12.0 0.0 Iii. CONTR VXCit1 XL 0Bi.IU.A I IO NS ON OU-1 ST.%NDINC LONG.TTERNI DE BT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 12.6 8.4 5.2 3.2 1.8 1.0 0.6 0.3 (1.3 0.2 Principal 18.7 17.7 21.8 21.1 17.0 15.6 11.8 10.7 9.6 9.6 Interest 10.3 9.8 9.2 8.2 7.4 6.6 6.0 5.3 4.7 4.2 Official creditors Disbursements 11.4 8.4 5.2 3.2 1.8 1.0 0.6 0.3 0.3 0.2 Principal 13.1 12.6 13.7 13.0 13.2 11.8 11.0 10.6 9.5 9.5 Interest 8.5 8.4 8.1 7.6 7.0 6.4 5.8 5.2 4.7 4.2 Bilateral creditors Disbursements 2.0 0.8 0.4 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Principal 7.1 5.5 5.5 5.4 5.0 4.8 4.5 4.3 3.9 3.9 Interest 4.0 3.8 3.6 3.3 3.1 2.9 2.7 2.5 2.3 2.1 Multilateral creditors Disbursements 9.4 7.6 4.8 3.0 1.8 0.9 0.6 0.3 0.3 0.2 Principal 6.1 7.0 8.1 7.6 8.2 7.0 6.5 6.3 5.6 5.6 Interest 4.5 4.6 4.5 4.3 3.9 3.5 3.2 2.8 2.4 2.1 Private creditors Disbursements 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 5.5 5.1 8.1 8.1 3.8 3.8 0.8 0.1 0.1 0.1 Interest 1.8 1.4 1.1 0.6 0.4 0.2 0.2 0.1 0.1 0.1 Commercial banks Disbursemnents 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 5.5 5.1 8.1 8.1 3.8 3.8 0.8 0.1 0.1 0.1 Interest 1.8 1.4 1.t 0.6 0.4 0.2 0.2 0.1 0.1 0.1 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 92 BENIN (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 199-5 1996 1997 I. St NINMAR) DE B1 D.%If TOTAL DEBT STOCKS (EDT) .. 424 1,292 1,324 1,373 1,447 1,589 1,614 1,594 1,624 Long-tcrm debt (LDOD) 41 334 1,219 1,240 1,324 1,371 1,487 1,483 1,448 1,393 Public and publicly guaranteed 41 334 1,219 1,240 1,324 1,371 1,487 1,483 1,448 1,393 Private nonguaTanteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 16 18 22 22 43 71 84 99 95 Short-term debt .. 73 55 62 27 33 31 47 47 136 of which initerest arrears on LDOD ..5 21 17 9 13 8 8 8 8 Official creditors ..0 19 16 8 12 7 7 7 7 Private creditors ..5 2 1 1 1 1 1 1 1 Memo: principal arrears on LDOD .. 14 78 68 68 70 72 71 72 71 Official creditors ..1 69 63 65 67 68 67 68 68 Private creditors .. 13 9 4 4 4 4 4 4 3 Memno: export credits ... 303 258 237 215 144 174 150 140 TOTAL DEBT FLOWS Disbursements 2 71 120 112 81 103 130 115 128 57 Long-term debt 2 62 120 99 81 81 104 101 109 51 IMF purchases 0 10 0 13 0 22 26 14 20 6 Principal repayments 1 6 21 16 15 I8 21 26 28 32 Long-term debt 1 6 19 16 15 18 20 24 26 28 IMF repurchases 0 0 2 0 0 0 1 2 2 4 Net flows on debt 1 66 92 106 39 87 112 105 101 114 of which short-term debt ..-8 10 -27 2 3 16 0 89 Interest payments (INTl . 14 18 15 13 14 20 24 18 23 Long-term debt 03 14 13 11 12 19 21 16 18 IMF charges 0 0 0 0 0 0 0 0 1 1 Short-term debt .. 11 4 3 2 1 1 2 2 4 Net transfers on debt .. 51 74 91 26 73 92 St 82 91 Total debt service paid (TBS) .. 20 38 31 28 32 41 50 46 55 Long-term debt 2 9 33 28 26 31 39 46 42 46 IMF repurchases and charges 0 0 2 0 0 0 1 2 3 5 Short-term debt (interest onily) I. 1 4 3 2 1 1 2 2 4 2. -NG(RFG' %T F NET RFSOU'RCE' FIOWl S.NhD NE rFTRANSF ERS,% il ON-IV E RNI' NET RESOURCE FLOWS 17 101 213 231 238 206 197 227 210 150 Net flow of long-termn debt (ex. IMF) 1 56 102 84 65 63 84 77 83 23 Foreign direct investment (net) 7 4 1 13 7 to 5 1 2 3 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 9 41 110 134 166 134 108 149 125 125 Memo: technical coop. grants 6 26 50 60 56 58 54 63 69 82 official net resource flows 9 97 212 218 231 196 192 226 208 147 private net resource flows 8 4 1 13 7 10 5 1 2 3 NET TRANSFERS 13 96 199 218 227 194 178 206 194 133 Interest on long-term debt 0 3 14 13 1 1 12 t 9 21 1 6 18 Profit remittances on FDI 4 3 0 0 0 0 0 0 0 0 Memo: official net transfers 9 95 198 205 221 184 173 205 192 130 private, net transfers 4 1 1 13 7 10 5 1 2 3 3. MAJOR Et ONORIC %(.(;RE(-; ATES Gross national product (GNP) 330 1,402 1,806 1,847 1,579 2,067 1,462 1,965 2,178 2J,11 Exports of goods & services (XGS) .. 318 499 556 623 589 478 607 626 604 of which workers remittances .. 77 97 96 109 111 73 5 7 62 67 Imsports of goods &services (MGS) .. 428 602 652 781 731f 518 783 782 733 International reserves (RES) 15 69 196 249 248 263 202 266 256 Current account balance .. 36 19 -7 -39 -14 36 4. DEBT INDIC XTORS EDT/XGS ().. 133.1 258.8 238.4 220.4 245.7 332.8 265.9 254.7 268.9 EDT! GNP () . 30.2 71.5 71.7 87.0 70.0 108.7 82.1 73.2 76.9 TDSiXGS I%) .. 6.3 7.6 5.6 4.5 5.4 8.6 8.2 7.3 9.1 INT / XGS I%) .. 4.5 3.5 2.7 2.0 2.4 4.2 3.9 2.9 3.7 INT I/ GNP (%) .. 1. 1.0 0.8 0.8 0.7 1.4 1.2 0.8 1.1 RES,/EDT (%) .. 35 5.4 14.8 18.1 17.2 16.5 12.5 16.7 15.8 RES / MGS (mnonths) .. 04 1.4 3.6 3.8 4.1 6.1 3.1 4.1 4.2 Short-termf/EDT (%) .. 17.3 4.3 4.7 2.0 2.3 1.9 2.9 2.9 8.4 Concessional / EDT (N) .. 39.2 78.1 78.2 80.5 80.5 79.9 77.6 81.1 77.9 Multilateral!/ EDT (N) .. 24.5 41.6 44.9 45.9 47.2 49.0 54.0 56.6 53.6 93 BENIN (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LO NG- I ERN%1 DLB-[ DEBT OUTSTANDING (LDOD) 41 334 1,219 1,240 1,324 1,371 1,487 1,483 1,448 1,393 Public and publicly guaranteed 41 334 1,219 1,240 1,324 1,371 1,487 1,483 1,448 1,393 Official creditors 29 217 1,202 1,232 1,319 1,368 1,483 1,479 1 .445 1,390 Multilateral 0 104 537 594 630 683 779 871 902 871 Concessional 0 84 497 556 595 653 755 847 878 852 Bilateral 29 113 665 637 689 685 704 608 543 519 Concessional 29 82 512 480 510 512 515 407 415 413 Private creditors 11 118 17 8 5 4 4 4 4 3 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 11 118 17 8 5 4 4 4 4 3 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds000 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 00 IDA 0 52 326 370 389 418 464 498 520 510 DISBURSEMENTS 2 62 120 99 81 81 104 101 109 51 Public and publicly guaranteed 2 62 120 99 81 81 104 101 109 51 Official creditors 2 58 120 99 81 81 104 101 109 51 Multilateral 0 24 91 81 71 71 95 84 81 42 Concessional 0 19 82 76 67 69 91 79 77 41 Bilateral 1 35 29 18 9 10 9 18 27 9 Concessional 1 16 29 18 9 10 9 18 27 9 Private creditors 1 4 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 00 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 1 4 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Cormmercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 12 56 42 33 30 29 31 41 20 PRINCIPAL REPAYMENTS 1 6 19 16 15 18 20 24 26 28 Public and publicly guaranteed 1 6 19 16 15 18 20 24 26 28 Official creditorS 1 2 18 16 15 18 20 24 26 28 Multilateral 0 1 18 12 13 16 13 17 16 18 Concessional 0 0 7 6 6 10 9 12 12 14 Bilateral 1 2 0 3 2 2 7 8 10 10 Concessiona] I I 0 3 2 2 3 3 3 4 Private creditors 0 3 0 0) 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 00 Cormmercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 3 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 00 Bonds 0 0 0 0 0 0 0 0 0 0 Conimercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 1 2 2 3 3 3 4 NET FLOWS ON DEBT 1 56 102 84 65 63 84 77 83 23 Public and publicly guaranteed 1 56 102 84 65 63 84 77 83 23 Official creditors 0 56 102 84 65 63 84 77 83 23 Multilateral 0 23 73 69 58 55 82 67 65 24 Concessional 0 19 75 70 60 59 82 67 65 27 Bilateral 0 33 29 15 7 8 3 10 18 -2 Concessional 0 15 29 15 7 8 7 15 25 4 Private creditors I 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 1 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comamercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 12 55 41 31 28 26 28 37 16 94 BENIN (US$ million, u(nless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 6 3 14 13 it 12 19 21 16 18 Public and publicly guaranteed 0 3 14 13 11 12 19 21 16 18 Official creditors 0 2 14 13 1 1 12 19 21 16 18 Multilateral 0 1 13 10 8 9 8 9 9 10 Concessional 0 1 6 6 5 6 6 7 8 9 Bilateral 0 1 1 3 3 4 11 13 7 8 Concessional 0 0 1 3 2 3 3 4 2 3 Private creditors 0 1 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 1 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 6 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comnmercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 2 2 3 3 3 4 4 4 NET TRANSFERS ON DEBT 1 53 88 71 54 56 66 56 67 5 Public and pudblicly guaranteed 1 53 88 71 54 50 66 56 67 5 Official creditors 0 54 88 71 55 50 66 56 67 5 Multilateral 0 21 60 59 50 47 74 58 56 14 Concessional 0 18 69 64 55 53 76 60 57 i8 Bilateral 0 33 28 12 4 4 -8 -3 11 -9 Concessional 0 15 28 12 5 5 4 1 1 23 2 Private cteditors 1 - 1 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private I -1 0 0 0 0 0 0 0 0 Private nongutaranteed 0 0 0 0 0 6 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 00 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 12 53 38 29 25 23 24 34 12 DEBT SERVICE (LTDS) 2 9 33 28 26 31 39 46 42 46 Public and publicly guaranteed 2 9 33 28 26 31 39 46 42 46 Official creditors 2 4 32 28 26 30 39 46 42 46 Multilateral 0 2 31 22 21 24 21 25 25 28 Concessional 0 1 13 12 11 16 15 18 20 23 Bilateral 2 2 1 6 5 6 18 21 1 6 18 Concessional 2 1 1 6 4 5 5 6 4 7 Private creditofs 0 4 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 4 0 0 0 0 0 0 0 0 Private nonguaranteed 6 6 0 0 6 6 6 6 6 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial bainks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 3 4 4 5 6 7 7 8 UNDISBURSED DEBT 15 532 414 471 486 409 358 368 356 340 Official creditors 15 154 414 471 486 409 358 368 356 340 Private creditors 0 379 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 29 166 1,009 1.036 11105 1,165 1.270 1,253 1,293 1,265 Variable rate LDOD 0 2 26 63 104 101 109 120 15 13 Public sector LDOD 41 334 1,219 1,240 1,324 1~371 1,487 1,483 1,448 1,393 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6. C[:RRL.%( 'b CONIPOSITIO)N 01F LONG.I ER%i D)ERT il'EHCEN I' Deutsche mark 5.2 0.3 0.3 0.3 0.2 0.2 0.2 0.3 0.2 0.2 French franc 16.8 27.2 18.7 21.3 21.4 20.4 20.0 13.1 10.1 9.2 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.1 1.0 Pound sterling 0.0 0.0 0.9 0.0 0.4 0.4 0.4 0.4 0.3 0.3 Swiss france 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 6.7 18.9 50.8 50.0 49.7 50.0 49.3 51.8 54.1 55.3 Multiple currency 0.0 6.7 7.3 9.1 9.8 10.4 11.0 13.6 14.6 14.5 Special drawing rights 0.0 0.0 1.9 1.8 1.8 1.8 1.9 1.9 2.0 2.0 AllI other currencies 71.3 46.9 20.2 17.5 16.7 16.8 17.2 18.9 17.5 17.5 95 BENIN (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RESTRUTCTURLNGS Total amount rescheduled 0 0 12 58 71 12 6 6 129 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 120 0 Principal rescheduled 0 0 9 6 4 2 2 0 0 0 Official 0 0 4 2 3 2 2 0 0 0 Private 0 0 5 4 1 0 0 0 0 0 tnterest rescheduled 0 0 1 6 10 4 4 3 6 0 Official 0 0 0 5 10 4 4 3 6 0 Private 0 0 1 1 0 0 0 0 0 0 Debt forgiven 122 115 2 1 5 137 0 1 Memo: interest forgiven 3 15 2 3 2 2 4 0 Debt stock reduction 0 0 0 0 0 0 0 0 80 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 S. DEBT' ,rock-FLA)%% RECONCILLATION Total change in debt stocks ..50 32 49 74 142 25 -20 30 Net flows on debt 92 106 39 87 112 105 101 114 Net change ini interest arrears -8 -4 -8 4 -5 0 0 0 Interest capitalized 1 6 10 4 4 3 6 0 Debt forgiveness or reduction -122 -115 -2 -1 -5 -137 -80 -1 Cross-currency valuation ... 56 -5 -31 -27 28 30 -19 -33 Residual ... 31 43 41 9 8 24 -29 -49 9i.. A~ERAGE rERMIS Of' NEI'V COMM!ITMENTS ALL CREDITORS Interest (%) 1.8 8.3 1.3 1.1 1.3 0.9 0.8 1.3 1.1 1.4 Maturity (years) 32.0 11L.7 39.3 37.7 37.7 26.3 35.0 33.1 36.9 33.3 Grace period (years) 7.0 3.7 8.3 9.6 9.4 9.1 9.9 8.7 9.1 7.9 Grant element (% 59.9 8.9 71.9 75.6 73.4 70.9 77.3 70.4 74.6 66.6 Official creditors Interest (% 1.1 4.4 1.3 1.1 1.3 0.9 0.8 1.3 1.1 1.4 Maturity (years) 36.0 26.0 39.3 37.7 37.7 26.3 35.0 33.1 36.9 33.3 Grace period (years) 8.0 5.3 8.3 9.6 9.4 9.1 9.9 8.7 9.1 7.9 Grant element (%) 67.7 40.7 71.9 75.6 73.4 70.9 77.3 70.4 74.6 66.6 Private creditors Interest (%) 6.0 8.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Marurity (years) 7.5 9.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.5 3.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 11.7 4.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 7 448 85 157 123 25 57 ill 120 62 Official creditors 6 51 85 157 123 25 57 ill 120 62 Private creditors 1 397 0 0 0 0 0 0 0 0 It;. CONTRLAL TUAL OB.IGA~TIONS ON OU'TSTANDlfN(, LONG-TERNI DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 89 89 63 44 27 15 9 2 1 0 Principal 39 38 39 33 38 64 63 64 66 67 Interest 20 20 19 19 19 18 17 16 15 14 OtTicial creditors Disbursements 89 89 63 44 27 15 9 2 1 0 Principal 39 38 39 33 38 64 63 64 66 67 Interest 20 20 19 19 19 18 17 16 15 14 Bilateral creditors Disbursements 9 6 4 2 1 1 0 0 0 0 Principal 16 14 13 6 8 34 32 32 32 32 Interest I11 10 9 9 9 9 8 8 7 7 Multilateral creditors Disbursements 80 83 59 42 27 15 9 2 1 0 Principal 23 24 25 27 30 30 3 1 33 34 35 Interest 9 10 10 10 10 10 9 9 8 8 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 96 BHUTAN (US$ mnillion, unless otherwise indlicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 L. AM.NUNRIJ DE Br DAEA. TOTAL DEBT STOCKS (EDT) ... 83.5 86.3 83.6 85.0 87.4 87.2 86.7 89.3 Long-term debt (LDOD) ... 80.3 84.8 82.7 83.3 86.7 86.6 86.3 87.0 Public and publicly guaranteed ... 80.3 84.8 82.7 83.3 86.7 86.6 86.3 87.0 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt - . 3.3 1.5 0.9 1.7 0.7 0.6 0.4 2.3 of which interest arrears on LDOD ... 0.3 0.5 0.6 0.7 0.7 0.6 0.3 0.3 Official creditors ... 0.3 0.5 0.6 0.7 0.7 0.6 0.3 0.3 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ... 1.5 3.0 2.9 2.1 1.3 0.2 0.2 0.2 Official creditors ... 1.5 3.0 2.9 2.1 1.3 0.2 0.2 0.2 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits ... 17.0 16.0 14.0 20.0 17.0 25.0 23.0 15.0 TOTAL DEBT FLOWS Disbursements ... 8.4 9.3 5.0 4.7 5.3 6.2 5.9 10.3 Long-term debt ... 8.4 9.3 5.0 4.7 5.3 6.2 5.9 10.3 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments ... 2.9 5.2 4.1 4.6 5.1 7.2 4.3 4.9 Long-term debt ... 2.9 5.2 4.1 4.6 5.1 7.2 4.3 4.9 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 6. . 5 2.1 0.2 0.7 -0.8 -1.0 1.7 7.3 of which short-term debt ... 1.0 -2.0 -0.7 0.7 -1.0 0.0 0.1 1.9 Interest payments tINT) -.. 2.3 2.0 1.8 2.0 1.7 1.7 1.6 1.3 Long-term debt ... 2.0 1.9 1.8 1.9 1.7 1.7 1.6 1.2 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-termn debt ... 0.2 0.1 0.0 0.1 0.0 0.0 0.0 0.1 Net transfers on debt ... 4.2 0.1 -1.6 -1.3 -2.5 -2.7 0.1 6.0 Total debt service paid (TDS) -.. 5.2 7.2 5.9 6.7 6.8 8.9 5.9 6.2 Long-term debt ... 5.0 7.2 5.9 6.6 6.8 8.9 5.9 6.1 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-termn debt (interest only) ... 0.2 0.1 0.0 0.1 0.0 0.0 0.0 0.1 2..AhGRECU ATE NE] RJESOL R( E FLO%~S AND NET TRANSFERS l-ONG-TERMNi NET RESOURCE FLOWS ... 22.4 41.1 32.9 34.9 42.7 38.2 29.6 36.1 Net flow of long-term debt (ex. IMF) ... 5.5 4.1 0.9 0.0 0.2 -1.0 1.6 5.4 Foreign direct investment (net) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Portfolio equity flows ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) ... 16.9 37.0 32.0 34.9 42.5 39.2 28.0 30.7 Memo: technical coop. grants ... 24.7 21.0 22.0 271.0 29.5 29.3 30.4 29.1 official net resource flows ... 25.0 43.6 35.3 37.2 45.0 40.5 31.8 38.4 private net resource flows ... -2.6 -2.5 -2.4 -2.3 -2.3 -2.3 -2.3 -2.3 NET TRANSFERS -.. 20.4 39.1 31.2 33.0 41.0 36.5 28.0 34.9 Interest on long-term debt ... 2.0 1.9 1.8 1.9 1.7 1.7 1.6 1.2 Profit remittances on FDI ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers ... 24.6 43.0 34.7 36.3 44.1 39.4 30.7 37.5 private net transfers ... -4.2 -3.8 -3.6 -3.4 -3.1 -2.9 -2.8 -2.6 3. NLULOR ECONOMIC AGGREGATES Gross national product (GNP) ... 267.8 220.7 216.2 211.7 250.6 270.4 291.5 328.1 Exports of goods & services (XGS) ... 94.9 94.5 86.1 91.0 90.0 99.0 121.0 121.0 of which workers remittances ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 tmports of goods & services (MGS) ... 122.9 111.2 110.4 162.0 129.0 155.0 141.0 162.0 International reserves (RES) . .. .. .. Current account balance . .. .. .. 4I. DEBT INDICATORS EDT /XGS (9). . 88.0 91.4 97.1 93.4 97.2 88.0 71.6 73.8 EDT/GNP(% ... 31.2 39.1 38.7 40.1 34.9 32.3 29.7 27.2 TDS /XGS (9).. . .5 7.7 6.8 7.3 7.5 9.0 4.9 5.1 INT /XGS (2)...'4 2.1 2.1 2.2 1.9 1.7 1.3 1.1 INT IGNP (9). . 0.9 0.9 0.8 0.9 0.7 0.6 0.5 0.4 RIES /MGS (months) . .. .. .. Short-term / EDT (91) ... 3.9 1.7 1.1 2.0 0.8 0.7 0.5 2.6 Concessional / EDT (9). . 74.0 79.8 82.7 84.7 88.9 91.6 94.3 94.9 Multilateral / EDT (91 . . 50.1 56.0 60.4 64.3 71.1 78.2 80.4 82.4 97 BHUTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5.LOMSG- [E RINI 1) : BT DEBT OUTSTANDING (LDOD) .. 80.3 84.8 82.7 83.3 86.7 86.6 86.3 87.0 Public and publicly guaranteed ... 80.3 84.8 82.7 83.3 86.7 86.6 86.3 87.0 Official creditors ... 61.8 68.9 69.1 72.0 77.7 79.8 81.7 84.7 Multilateral ... 41L9 48.3 50.5 54.7 62.2 68.2 69.7 73.5 Concessional ... 41.9 48.3 50.5 54.7 62.2 68.2 69.7 73.5 Bilateral ... 19.9 20.6 18.6 17.3 15.5 11.6 12.1 11.2 Concessional ... 19.9 20.6 18.6 17.3 15.5 11.6 12.1 11.2 Private creditors ... 18.5 15.9 13.6 11.3 9.0 6.8 4.5 2.3 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 18.5 15.9 13.6 11.3 9.0 6.8 4.5 2.3 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 16.1 17.8 17.7 18.6 20.9 22.5 22.8 22.5 DISBURSEMENTS . . 8.4 9.3 5.0 4.7 5.3 6.2 5.9 10.3 Public and publicly guaranteed . . 8.4 9.3 5.0 4.7 5.3 6.2 5.9 10.3 Official creditors ... 8.4 9.3 5.0 4.7 5.3 6.2 5.9 10.3 Multilateral ... 7.2 8.7 4.2 4.0 4.8 5.8 4.8 9.2 Concessional ... 7.2 8.7 4.2 4.0 4.8 5.8 4.8 9.2 Bitateral ... 1.2 0.6 0.8 0.7 0.5 0.4 1.1 1.0 Concessional ... 1.2 0.6 0.8 0.7 0.5 0.4 1.1 1.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds... 00 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.0 1.5 0.6 0.9 1.3 1.2 1.4 1.1 PRINCIPAL REPAYMENTS . . 2.9 5.2 4.1 4.6 5.1 7.2 4.3 4.9 Public and publicly guaranteed ... 2.9 5.2 4.1 4.6 5.1 7.2 4.3 4.9 Official creditors ... 0.3 2.7 1.7 2.4 2.8 4.9 2.0 2.6 Multilateral ... 0.0 2.2 0.1 0.2 0.6 0.6 0.8 0.9 Concessional ... 0.0 2.2 0.1 0.2 0.6 0.6 0.8 0.9 Bilateral ... 0.3 0.6 1.6 2.2 2.2 4.3 1.2 1.7 Concessional ... 0.3 0.6 1.6 2.2 2.2 4.3 1.2 1.7 Private creditors ... 2.6 2.5 2.4 2.3 2.3 2.3 2.3 2.3 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 2.6 2.5 2.4 2.3 2.3 2.3 2.3 2.3 Private nongusaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 0.2 NET FLOWS ON DEBT . . 5.5 4.1 0.9 0.0 0.2 -.10 1.6 5.4 Puiblic and publicly guaranteed . . 5.5 4.1 0.9 0.0 0.2 -1.0 1.6 5.4 Official creditors ... 8.1 6.6 3.3 2.3 2.5 1.3 3.8 7.7 Multilateral ... 7.2 6.5 4.1 3.8 4.2 5.3 4.0 8.4 Concessional ... 7.2 6.5 4.1 3.8 4.2 5.3 4.0 8.4 Bilateral ... 0.9 0.1 -0.8 -1.5 -1.7 -4.0 -0.2 -0.7 Concessional ... 0.9 0.1 -0.8 -1.5 -1.7 -4.0 -0.2 -0.7 Private creditors . . -2.6 -2.5 -2.4 -2.3 -2.3 -2.3 -2.3 -2.3 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other pTivate ... -2.6 -2.5 -2.4 -2.3 -2.3 -2.3 -2.3 -2.3 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonids . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.0 1.5 0.6 0.9 1.3 1.1 1.2 0.9 98 BHUTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) . .. 2.0 1.9 1.8 1.9 1.7 1.7 1.6 1.2 Public and publicly guaranteed . .. 2.0 1.9 1.8 1.9 1.7 1.7 1.6 1.2 Official creditors ... 0.4 0.6 0.6 0.9 0.9 1.1 1.1 0.9 Multilateral ... 0.3 0.4 0.4 0.5 0.5 0.6 0.7 0.6 Concessional ... 0.3 0.4 0.4 0.5 0.5 0.6 0.7 0.6 Bilateral ... 0.1 0.2 0.2 0.4 0.4 0.5 0.5 0.3 Concessional ... 0.1 0.2 0.2 0.4 0.4 0.5 0.5 0.3 Private creditors ... 1.6 1.3 1.2 1.1 0.8 0.6 0.5 0.3 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . .. 0.0 0.0 0.0 0. 0.0 0.0 0.0 0.0 Other private ... 1.6 1.3 1.2 1.1 0.8 0.6 0.5 0.3 Private nonguaranteed . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 NET TRANSFERS ON DEBT . .. 3.5 2.1 -0.8 -1.9 -1.5 -2.7 0.0 4.2 Public and publicly guaranteed . .. 3.5 2.1 -0.8 -1.9 -1.5 -2.7 0.0 4.2 Official creditors ... 7.7 6.0 2.7 1.4 1.6 0.2 2.7 6.8 Multilateral ... 6.9 6.1 3.6 3.3 3.7 4.7 3.4 7.7 Concessional ... 6.9 6.1 3.6 3.3 3.7 4.7 3.4 7.7 Bilateral ... 0.8 -Oil -0.9 -1.9 -2.1 -4.4 -0.7 -1.0 Concessional ... 0.8 -0. 1 -0.9 -1.9 -2.1 -4.4 -0.7 -1.0 Private creditors ... -4.2 -3.8 -3.5 -3.3 -3.1 -2.9 -2.7 -2.6 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 COMMerCial banks . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... -4.2 -3.8 -3.5 -3.3 -3.1 -2.9 -2.7 -2.6 Private nonguaranteed . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.9 1.4 0.5 0.8 1.1 0.9 1.0 0.8 DEBT SERVICE (LTDS) . .. 5.0 7.2 5.9 6.6 6.8 8.9 5.9 6.1 Public and publicly guaranteed . .. 5.0 7.2 5.9 6.6 6.8 8.9 5.9 6.1 Official creditors ... 0.7 3.3 2.3 3.3 3.7 6.0 3.2 3.5 Muiltilateral ... 0.3 2.5 0.6 0.7 1.1 1.2 1.5 1.5 Concessional ... 0.3 2.5 0.6 0.7 1.1 1.2 1.5 1.5 Bilateral ... 0.4 0.8 1.7 2.6 2.6 4.8 1.7 2.0 Concessional ... 0.4 0.8 1.7 2.6 2.6 4.8 1.7 2.0 Private creditors ... 4. 2 3.8 3.5 3.3 3.1 2.9 2.7 2.6 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 4.2 3.8 3.5 3.3 3.1 2.9 2.7 2.6 Private nonguaranteed . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.1 0.2 0.3 0.3 0.3 UNDISBURSED DEBT . .. 48.4 36.5 33.0 29.5 30.6 31.4 24.6 13.2 Official creditors ... 48.4 36.5 33.0 29.5 30.6 31.4 24.6 13.2 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum itemns Concessionial LDOD . .. 61.8 68.9 69.1 72.0 77.7 79.8 81.7 84.7 Variable rate LDOD . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD . .. 80.3 84.8 82.7 83.3 86.7 86.6 86.3 87.0 Private sector LDOD . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CUIRRENCY 'CONMPOSI f[ION OF LONG-TERM DEBT 1IPERCENTI Deutsche mark . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... 43.1 39.7 38.7 36.8 35.4 34.7 32.6 29.2 Multiple currency . .. 22.8 26.3 28.9 31.0 34.4 38.2 39.5 44.1 Special drawing rights ... 9.3 9.7 10.9 12.2 13.3 14.7 14.7 14.6 All other currencies ... 24.8 24.3 21.5 19.8 16.9 t12.5 13.1 12.1 99 BHUTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7.DEBI RES'IRLTUrI RIN(. Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.7 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal Tescheduled ... 0.0 0. 0.0 0.0 0.0 0.0 0. 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0. 0.3 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 b. DElEU]3 sOC K-FL.OW RU -ONt I[1.[L I 10. Total change in debt stocks . . 10.0 2.8 -2.8 1.5 2.4 -0.3 -0.5 2.6 Net flows on debt ... 6.5 2.1 0.2 0.7 -0.8 -1.0 1.7 7.3 Net change in interest arrears ... 0.0 0.2 0.1 0.1 0.0 -0. 1 -0.3 0.0 Interest capitalizrd ... 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.0 Debt forgiveness or reduction . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 CroSS-CUTrrency valuation ... 0.6 0.0 -1.4 0.2 0.6 0.3 -0.5 -1.0 Residual ... 2.0 0.5 -1.7 0.4 2.6 0.5 -1.7 -3.7 9. A'% E R4%(,E' E RNtS OF NE%% . OMBIl F'NILN'IS ALL CREDITORS Interest (%) -.. 0.0 1.0 1.9 0.7 1.0 4.4 0.0 0.0 Maturity (years) .. 0.0 39.2 29.7 39.9 39.6 39.7 0.0 0.0 Grace period (years) ... 0.0 9.7 7.0 10.4 10.1 10.3 0.0 0.0 Grant element (%N.. 0.0 77.7 59.4 80.8 78.2 48.0 0.0 0.0 Official creditors Interest (%) -.. 0.0 1.0 1.9 0.7 1.0 4.4 0.0 0.0 Maturity (years) ... 0.0 39.2 29.7 39.9 39.6 39.7 0.0 0.0 Grace period (years) ... 0.0 9.7 7.0 10.4 10.1 10.3 0.0 0.0 Grant element (%) ... 0.0 77.7 59.4 80.8 78.2 48.0 0.0 0.0 Private creditors Interest (%) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) -.. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments ... 0.0 7.4 10.0 5.4 5.4 7.1 0.0 0.0 Official creditors ... 0.0 7.4 10.0 5.4 5.4 7.1 0.0 0.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 lo. (ONTRA( H L BU IoSON OU ri -1 Jl ' NG hNLtNG.- rER~kI [Fill 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursemnents 5.0 3.5 2.4 1.7 0.6 0.0 0.0 0.0 0.0 0.0 Principal 4.8 2.6 2. 6 2.8 2.9 2.9 2.6 2. 5 2. 9 3.0 Interest 1.2 1.1 1.0 1.0 1.0 0.9 0.9 0.8 1.1 0.9 Official creditors Disbursemnents 5.0 3.5 2.4 1.7 0.6 0.0 0.0 0.0 0.0 0.0 Principal 2.5 2.6 2.6 2.8 2.9 2.9 2.6 2.5 2.9 3.0 Interest 1.1 1.1 1.0 1.0 1.0 0.9 0.9 0.8 1.1 0.9 Bilateral creditors Disbursemnents 0.6 0.4 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Principal 1.5 1.5 1.5 1.6 1.6 1.6 0.9 0.5 0.5 0.5 Interest 0.3 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.0 0.0 Multilateral creditors Disbursements 4.3 3.1 2.2 1.6 0.6 0.0 0.0 0.0 0.0 0.0 Principal 1.0 1.1 1.1 1.3 1.3 1.4 1.7 2.0 2.5 2.6 Interest 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 1.0 0.9 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 100 BOLIVIA (US$ million'. uniless otlherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 l. sUNIMIARYD1EBT DI %[ TOTAL DEBT STOCKS (EDT) 2,702 4,275 4,061 4,235 4,307 4,877 5,282 5,200 5,248 Long-term debt (LDOD) 491 2,274 3,864 3,672 3,810 3,879 4,313 4,707 4,550 4,570 Public and publicly guaranteed 480 2,182 3,687 3,530 3,669 3,695 4,122 4,468 4,265 4,144 Private nonguaranteed 11 92 177 142 140 184 191 239 285 426 Use of IMF credit 6 126 257 245 249 221 264 268 276 248 Short-term debt 303 154 145 176 207 300 307 374 430 of which intefest arrears on LDOD ..3 6 15 II1 14 34 20 26 4 Official creditors 2 2 5 2 3 21 7 14 4 Private Creditors 1 4 10 9 1 1 13 13 12 0 Memo: principal arrears on LDOD 22 31 22 18 39 103 40 64 37 Official creditors 15 9 10 8 20 82 21 50 18 Private creditors 7 22 12 10 19 20 19 14 18 Memo: export credits 794 818 723 606 602 634 514 488 TOTAL DEBT FLOW'S Disbursements 58 553 331 316 445 369 437 519 497 671 Long-term debt 58 457 300 285 394 369 393 494 448 648 IMF purchases 0 96 31 31 51 0 44 26 49 23 Principal repayments 19 145 241 192 167 195 188 199 230 263 Long-term debt 19 145 196 148 130 166 173 173 199 229 IMF repurchases 0 0 46 44 37 29 15 26 32 34 Net tlows on debt 39 408 32 107 313 203 322 341 329 486 of which short-term debt .. -57 -18 35 28 73 20 62 78 Interest payments (INT) 220 144 138 121 139 160 173 183 212 Long-term debt 7 173 117 118 109 127 148 155 163 190 IMF charges 0 3 13 9 4 2 1 1 2 1 Short-term debt .. 45 14 10 7 10 11 17 17 21 Net transfers on debt 188 -112 -31 192 64 162 168 146 273 Total debt service paid (TDS) 366 385 330 288 334 348 372 413 475 Long-term debt 26 319 313 266 239 293 321 328 362 418 IMF repurchases and charges 0 3 59 54 41 31 16 28 34 36 Short-term debt (interest only) .. 45 14 10 7 10 11 17 17 21 2. A-GURE(; X FE iNEl RESOURCE FLO%1tS AND NErFTRXNSFERS iLON%G-TERNl NET RESOURCE FLOWS -34 407 333 750 621 524 647 1,023 1,118 1,320 Net flow of long-term debt (ex. IMF) 39 312 104 137 264 203 221 321 249 419 Foreign direct investment (net) -76 47 27 52 93 145 145 374 474 601 Portfolio equity flowvs 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 3 48 202 561 264 175 281 327 394 299 Memo: technical coop. grants 9 41 115 163 179 202 200 237 211 215 official net resource flows 39 204 330 726 536 367 496 608 598 508 private net reSOUrce flOWs -73 203 3 24 85 157 151 415 519 812 NET TRANSFERS -58 214 199 614 492 371 469 835 914 1,087 Interest on long-term debt 7 173 117 118 109 127 148 155 163 190 Profit remittances on FDI 17 19 17 18 20 26 30 33 40 43 Memo: official net transfers 35 161 230 621 441 258 367 474 450 359 private net transfers -94 53 -30 -7 51 113 102 360 464 728 3. MAJOR EUONOMIC JAXGREGA!1 ES Gross national product (GNP) ... 4,626 5,100 5,315 5,530 5,793 6,495 7,361 7,766 Exports of goods & services (XGS) .. 1,046 998 943 792 907 1,227 1,270 1,344 1,464 of which workers remittances ..0 2 1 1 1 1 2 2 52 Imports of goods & services (MGS) .. 1,112 1,354 1,387 1,567 1,649 1,670 1,828 1,968 2,365 International reserves (RES) 46 553 511 422 480 572 793 1,006 1,302 1,359 Current account balance .. -6 -199 -263 -534 -506 -90 -303 -380 -705 4. DE Bi IN DICA\lOR-S EDT XGS (% . 258.4 428.6 430.9 535.0 474.9 397.3 416.1 387.0 358.5 EDT /GNP ().. 92.4 79.6 79.7 77.9 84.2 81.3 70.6 67.6 TDS, XGS (% . 35.0 38.6 35.0 36.4 36.8 28.3 29.3 30.7 32.5 INT XGS(% . 21.1 14.4 14.6 15.3 15.4 13.0 13.6 13.6 14.5 INT ,'GNP ()... 3.1 2.7 2.3 2.5 2.8 2.7 2.5 2.7 RES/EDT(%) .. 20.5 12.0 10.4 11.3 13.3 16.3 19.0 25.0 25.9 RES / MGS (months) .. 6.0 4.5 3.7 3.7 4.2 5.7 6.6 7.9 6.9 Short-term /EDT (%) .. 11.2 3.6 3.6 4.2 4.8 6.2 5.8 7.2 8.2 Concessional /EDT (%) .. 24.6 44.2 42.1 44.7 49.9 49.8 51.6 56.4 56.5 Multilateral/ 'EDT (%) .. 16.5 37.2 42.2 43.2 46.4 46.7 48.8 50.7 51.1 101 BOLIVIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 -5.. LONC-U'ERM% D)EB[ DEBT OUTSTANDING (LDOD) 491 2,274 3,864 3,672 3,810 3,879 4,313 4,707 4,550 4,570 Public and publicly guaranteed 480 2,182 3,687 3,530 3,669 3,695 4,122 4,468 4,265 4,144 Official creditors 275 1.110 3,362 3,225 3,393 3,611 4,040 4,396 4,219 4,102 Multilateral 26 447 1,589 1,715 1,828 1.998 2,276 2,579 2,636 2,681 Concessional 26 178 882 957 989 1,096 1,231 1,397 1,534 1,685 Bilateral 249 663 1,773 1,510 1,565 1,613 1,764 1,817 1,583 1,421 Concessional 239 487 1,006 752 903 1,052 1,197 1,327 1,397 1.280 Private creditors 205 1,072 325 305 276 84 83 73 46 42 Bonds 67 73 35 35 35 18 17 17 17 9 Commercial banks 2 603 213 210 190 19 22 19 13 13 Other private 136 395 77 60 51 47 43 37 16 20 Private nonguaranteed 11 92 177 142 140 184 191 239 285 426 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks I11 92 177 142 140 184 191 239 285 426 Memo: IBRD 0 175 194 172 146 129 116 95 61 37 IDA 18 64 393 443 464 547 648 770 843 930 DISBURSEMENTS 58 457 300 285 394 369 393 494 448 648 Public and publicly guaranteed 55 441 300 285 391 319 369 427 357 379 Official creditors 45 198 291 271 388 317 360 427 349 371 Multilateral 2 108 204 197 249 228 301 382 284 356 Concessional 2 28 90 86 80 105 130 174 188 227 Bilateral 43 91 86 74 139 89 59 45 65 14 Concessional 33 31 85 73 110 86 57 45 63 14 Private creditors 10 242 9 15 4 2 8 0 8 8 Bonds 0 0 0 0 0 0 0 0 0 0 Comtnercial banks 0 55 0 7 1 2 8 0 1 2 Other private tO 187 9 8 2 0 0 0 6 6 Private nonguaranteed 3 16 0 0 2 51 25 67 91 269 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 16 0 0 2 51 25 67 91 269 Memo: IBRD 0 73 0 0 0 0 0 0 0 0 IDA 2 2 49 48 55 66 80 113 100 136 PRINCIPAL REPAYMENTS 19 145 196 148 130 166 173 173 199 229 Public and publicly guaranteed 17 126 172 114 126 160 154 155 155 168 Official creditors 9 43 163 106 116 125 145 147 145 162 Multilateral 2 7 117 81 87 99 110 120 135 152 Coneessional 2 1 14 1 5 15 17 20 22 24 '26 Bilateral 7 36 46 25 29 26 35 27 10 tO Concessional 5 15 9 6 4 3 9 3 2 4 Private creditors 8 84 9 8 10 35 9 8 9 6 Bonds 0 1 0 0 0 0 0 0 0 3 Commnercial banks 1 49 4 1 3 30 5 4 6 2 Other private 7 33 6 7 7 5 4 4 3 2 Private nonguaranteed 2 19 24 35 4 7 19 18 44 61 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 19 24 35 4 7 19 18 44 61 Memo: IBRD 0 3 21 25 22 23 24 27 25 19 IDA 0 0 2 2 2 2 2 2 3 4 NET FLOWS ON DEBT 39 312 104 137 264 203 221 321 249 419 Public and publicly guaranteed 38 315 128 172 266 159 215 273 203 211 Official creditors 36 156 128 165 272 192 215 280 204 209 Multilateral 0 101 87 116 162 129 191 263 149 205 Concessional 0 28 77 72 66 88 110 152 164 201 Bilateral 36 55 41 49 110 63 24 18 55 4 Concessional 28 17 76 67 106 83 48 42 62 1 1 Private creditors 2 159 0 7 -6 -33 0 -8 -2 2 Bonds 0 -1 0 0 0 0 0 00 -3 Commercial banks -1 6 -4 6 -2 -28 3 -4 -5 1 Other private 3 154 3 1 -4 -5 -4 -4 3 4 Private nonguaranteed 1 -3 -24 -35 -2 44 6 49 47 208 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 -3 -24 -35 -244 6 49 47 208 Memo: IBRD 0 70 -21 -25 -22 -23 -24 -27 -25 -19 IDA 2 2 47 46 54 64 77 1ll 97 132 102 BOLIVIA (US$ miillion, uinless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 7 173 117 118 109 127 148 155 163 190 Public and publicly guaranteed 7 164 103 107 98 112 132 137 150 150 Official creditors 4 43 101 105 95 109 130 133 148 149 Multilateral 1 21 69 75 78 86 90 100 104 100 Concessional 1 2 10 12 13 13 16 17 18 20 Bilateral 3 21 32 30 17 24 40 33 44 49 Concessional 3 11 6 7 9 13 22 24 33 41 Private creditors 3 121 2 2 3 3 3 4 1 1 Bonds 1 3 0 0 0 0 0 0 0 0 Commercial banks 0 96 1 0 1 1 1 1 1 0 Other private 2 22 2 2 2 2 2 3 1 1 Private nonguaranteed 1 9 14 12 12 15 16 19 14 40 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial baniks 1 9 14 12 12 15 16 19 14 40 Mlemo: IBRD 0 10 15 16 14 12 1 1 9 7 4 IDA 0 1 3 3 3 4 4 6 5 6 NET TRANSFERS ON DEBT 32 138 -13 19 155 76 73 166 86 230 Public and publicly gua-ranteed 31 151 25 65 168 47 82 136 53 61 Official creditors 33 113 28 60 177 83 85 147 56 60 Multilateral 0 79 18 41 85 43 101 163 45 105 Concessional 0 25 66 60 53 75 94 135 147 181 Bilateral 33 34 9 19 92 39 -16 -16 11 -45 Concessional 26 6 71 59 97 70 26 18 28 -31 Private creditors -1 38 -3 5-9 -35 -3 -11 -3 1 Bonds -1 -4 0 0 0 00 0 0 -3 Commercial banks -1 -90 -4 5 -3 -29 2 -5 -6 1 Other private 1 132 2 0 -6 -7 -6 -7 3 3 Private nonguaranteed 0 -12 -38 -46 -13 29 -10 30 33 168 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -12 -38 -46 -13 29 -10 30 33 168 Memo: IBRD 0 60 -36 -42 -35 -35 -35 -36 -32 -24 IDA 2 1 45 43 50 60 73 105 92 126 DEBT SERVICE (LTDS) 26 319 313 266 239 293 321 328 362 418 Public and publicly guaranteed 23 290 275 220 224 272 286 291 304 318 Official creditor-s 13 85 263 210 211 234 275 280 293 310 Multilateral 3 28 186 156 165 185 200 220 239 252 Concessional 3 3 24 27 28 30 36 39 41 46 Bilateral 10 57 77 55 46 49 75 60 54 59 Concessional 7 25 14 14 13 16 31 27 35 45 Private creditors I i 205 12 10 13 38 12 11 11 7 Bonds 1 4 0 0 0 0 0 0 0 3 Commercial banks 1 145 4 1 4 31 6 5 7 2 Other private 8 56 8 8 9 7 6 7 4 3 Private nonguaranteed 3 28 38 46 16 22 34 37 58 101 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 28 38 46 16 22 34 37 58 101 Memno: IBRD 0 13 36 42 35 35 35 36 32 24 IDA 0 1 4 5 5 6 7 8 8 10 UNDISBURSED DEBT 72 954 1,123 1,282 1,208 1,040 1,195 1,444 1,343 1,089 Official creditors 66 804 1,107 1,268 1,191 1,026 1.189 1,430 1,328 1,078 Private creditors 6 150 16 15 17 14 7 14 14 12 Mlemorandum items Concessional LDOD 265 665 1,888 1,709 1,891 2,147 2,428 2,724 2.931 2,964 Variable rate LDOD 11 719 918 887 810 656 734 850 779 903 Public sector LDOD 467 2,166 3,687 3,530 31669 3,695 4.122 4,468 4,265 4.144 Private sector LDOD 24 107 177 142 140 184 191 239 285 426 th. UA RREN C COIPoSffTION OF LONG-TIERMl DEBT IPERCENTI Deutsche mark 2.3 6.8 7.0 8.8 8.9 9.2 9.6 10.0 9.6 8.5 French fraac 0.1 0.8 2.2 2.4 2.3 2.2 2.2 2.1 1.4 1.3 Japanese yen 0.0 1.7 10.0 11.6 11.8 14.0 14.0 13.1 12.2 11.3 Pound sterling 0.0 2.0 0.9 1.0 0.7 0.7 0.6 0.7 0.5 0.5 Swiss franc 0.0 0.3 0.7 0.8 0.8 0.1 0.1 0.0 0.0 0.0 U.S.dollars 85.9 65.1 41.3 33.8 33.2 30.6 31.0 32.8 35.2 37.3 Multiple currency 11.7 18.1 29.4 32.2 33.4 35.1 34.4 33.6 34.1 34.7 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 All other currencies 0.0 5.3 8.6 9.4 8.9 8.1 8.0 7.7 6.9 6.3 103 BOLIVIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 D.IEBT RESIRU.CiTURINGS Total amount rescheduled 0 2 153 138 125 115 0 196 433 301 Debt stock rescheduled 0 1 0 8 0 0 0 0 0 0 Principal rescheduled 0 0 81 75 70 71 0 138 427 300 Official 0 0 69 64 62 70 0 137 420 300 Private 0 0 12 11 8 1 0 1 7 0 Interest rescheduled 0 0 63 54 54 40 0 46 4 0 Official 0 0 59 51 52 39 0 46 4 0 Private 0 0 4 2 2 1 0 1 1 0 Debt forgiven .. 92 403 60 55 1 7 74 181 83 Memo: interest forgiven .. 60 9 6 1 0 8 0 12 Debt stock reduction 0 0 20 19 20 171 0 0 0 0 of which debt buyback 0 0 4 2 2 27 0 0 0 0 S. DEBT 'STOCK%-Fl.O%% RE( ON( I L[%TION Total change in debt stocks 143 -214 174 72 570 405 -81 47 Net flows on debt ..32 107 313 203 322 341 329 486 Net change in interest arrears .. -44 9 -4 3 20 -14 5 -22 Interest capitalized 63 54 54 40 0 46 4 0 Debt forgiveness or reduction .. -109 -420 -77 -198 -17 -74 -181 -83 Cross-currency valuation ... 143 18 -65 9 176 53 -143 -170 Residual ... 57 20 -48 15 68 53 -95 -163 9. XVNERAGEL; TERIIS OF NEW COMIMITMENTS ALL CREDITORS Interest (%) 1.9 8.4 4.2 4.9 3.0 3. 2 3.4 3.8 2.5 5.4 Maturity (years) 47.7 15.5 29.1 25.2 30.3 25.2 28.2 28.8 31.6 20.3 Grace period (years) 4.0 4.5 7.9 6.5 9.0 7.4 7.3 7.7 8.7 5.7 Grant element (% 66.6 13.0 47.8 38.8 56.9 51.3 51.2 49.6 61.1 33.9 Official creditors Interest (%) 1.8 8.1 4.1 4.8 3.0 3.2 3.4 3.8 2.6 5.4 Maturity (years) 48.2 21.5 29.4 25.6 30.5 25.2 28.2 29.0 32.5 20.8 Grace period (years) 4.0 5.3 7.9 6.6 9.0 7.4 7.3 7.8 9.0 5.9 Grant element (% 67.4 20.4 48.3 39.9 56.9 51.3 51.2 50.0 62.2 34.7 Private creditors Interest (%) 12.0 8.7 9.4 8.5 2.2 0.0 0.0 6.7 0.3 5.5 Maturity (years) 5.5 10.1 5.8 12.5 18.5 0.0 0.0 5.4 6.9 6.0 Grace period (years) 3.5 3.9 1.5 4.1 7.0 0.0 0.0 1.0 0.6 1.3 Grant element (%) -6.9 6.4 1.0 3.5 52.9 0.0 0.0 8.0 27.7 12.6 Memnorandium items Commitments 24 370 549 448 420 156 501 675 291 173 Official creditors 24 176 542 434 413 156 501 669 281 166 Private creditors 0 194 7 15 7 0 0 6 9 6 10. (ONT1R.._"[Ux [ OB (LIGArI ONS ON~OU IST A~NDING 1.ONG-FTiRAI DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursemnents 373 318 185 107 60 29 14 2 1 0 Principal 227 245 257 249 262 259 243 231 219 213 Interest 166 168 160 148 137 122 110 99 91 82 Official creditors Disbursements 368 314 184 106 60 29 14 2 1 0 Principal 180 197 209 203 217 214 199 187 176 169 IntereSt 143 147 143 133 123 113 102 93 88 81 Bilateral creditors Disbursements 37 36 23 14 8 4 2 1 0 0 Prinicipal 17 23 29 35 39 45 45 46 46 44 Interest 37 41 44 43 43 42 41 40 38 37 Multilateral creditors Disbursements 331 278 161 92 52 25 12 2 1 0 Principal 163 174 179 167 178 169 154 141 130 125 Interest 105 105 99 90 81 71 61 53 49 43 Private creditors Disbursements 6 4 1 1 0 0 0 0 0 0 Principal 47 48 48 46 45 45 44 44 44 44 Interest 23 21 18 15 13 10 8 6 3 2 Commercial banks Disbursements 4 2 1 0 0 0 0 0 0 0 Principal 1 1 2 2 2 1 1 1 1 1 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 2 2 1 0 0 0 0 0 0 0 Principal 46 47 47 45 44 44 43 43 43 43 Interest 23 21 17 15 13 10 8 6 3 2 104 BOSNIA AND HERZEGOVINA (USS milliont, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. 'itMNTIAR't DEB-1 DATA TOTAL DEBT STOCKS (EDT) .. .. .. .. .. .. .. Long-term debt (LDOD) .. .. .. .. .. .. . Public and publicly guaranteed .. .. .. .. .. .. Private nonguaranteed .. .. .. .. .. .. Use of IMF credit .. .. .. .. 28 30 48 45 41 Short-term debt .. .. .. .. .. 2 39 31 73 57 of which interest arrears on LDOD .. .. .. .. .. .. .. Official creditors .. .. Private creditors .. .. .. .. .. .. .. Memo: principal arrears on LDOD .. .. .. .. .. .. .. Official creditors .. .. .. .. Private creditors .. .. .. .. .. .. Memo: export credits .. .. .. 91 166 144 168 197 TOTAL DEBT FLOWS Disbursements .. .. .. .. Long-term debt .. .. .. .. IMF purchases .. .. 0 0 46 0 0 Principal repayments .. .. .. .. .. .. .. Long-term debt .. .. .. .. .. .. . IMF repurchases .. .. .. .. 0 0 28 2 Net flows on debt .. .. .. .. .. .. .. of which short-term debt .. .. .. .. .. .. .. Interest payments (INT) .. .. .. .. .. .. .. Long-term debt .. .. .. .. .. .. IMF charges .. .. .. .. .. 0 0 5 2 2 Short-term debt .. .. .. .. .. .. .. Net transfers on debt .. .. Total debt service paid (TDS) .. .. .. .. .. .. .. Long-term debt .. .. .. .. .. IMF repurchases and charges .. .. .. .. .. 0 0 33 4 3 Short-term debt (interest only) .. .. .. .. .. .. .. 2. AGGREG AT-E N ET RESOL RCE FLOflS AND N'ET TRASSFERS iLON.'G-TERNIi NET RESOURCE FLOWS .. .. .. .. .. .. .. Net flow of long-term debt (ex. IMF) . .. .. .. .. .. .. Foreign direct investment (net) .. .. .. .. .. .. .. Portfolio equity flows .. .. .. .. .. .. .. Grants (excluding technical coop.) .. .. .. .. .. 32 384 862 634 648 Memo: technical coop. grants .. .. .. .. .. 0 7 61 88 97 official net resource flows .. .. .. .. .. .. .. private net resource flows .. .. .. .. .. .. .. NET TRANSFERS .. .. .. .. .. .. .. Interest on long-term debt .. .. .. .. .. .. .. Profit remittances on FDI .. .. .. .. .. .. .. Memo: official net transfers .. .. .. .. .. .. private net transfers .. .. .. .. .. .. .. 3. MAIOR ECONI IN! HC AGGREGATES Gross national product (GNP) .. .. .. .. .. ,. 2,100 2,323 Exports of goods & services (XGS) .. .. .. .. .. ,. 194 381 of which workers remittances .. .. .. .. .. .. 0 0 Imports of goods & services (MGS) .. .. .. .. ., .. 1,250 1,511 International reserves (RES) .. .. .. .. 47 159 Current account balance .. .. .. .. .. -177 -128 4. DEBT INDICATORS EDT/ XGS (%) EDT GNP(%) .. .. .. .. .. TDS/ XGS(%) .. .. .. INT XGS(%) .. .. .. .. .. INT /GNP(%) .. .. .. .. RESIEDT(%) .. .. .. .. .. .. RES/ MGS (months) .. .. .. .. .. .. 0.5 1.3 Short-term / EDT (%) Concessional ,/ EDT(%) Multilateral / EDT (%) 105 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. I)NGI.-lERM DEBI DEBT OUTSTANDING (LDOD) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks Memo: IBRD 424 452 472 589 566 IDA 0 0 0 109 167 DISBURSEMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks Memo: IBRD 0 0 0 0 0 IDA 0 0 0 110 65 PRINCIPAL REPAYMENTS Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks Memo: IBRD 0 0 0 25 0 IDA 0 0 0 0 0 NET FLOWS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed . Bonds Commercial banks Memo: IBRD 0 0 0 -25 0 IDA 0 0 0 110 65 106 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) Public and publicly guaranteed Official creditors Multilateral............... Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks Memo: IBRD 0 0 0 180 36 IDA 0 0 0 0 l NET TRANSFERS ON DEBT Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks Memo: IBRD 0 0 0 -205 -36 IDA 0 0 0 110 64 DEBT SERVICE (LTDS) Public and publicly guaranteed Official creditors Multilateral Concessional Bilateral Concessional Private creditors Bonds Commercial banks Other private Private nonguaranteed Bonds Commercial banks Memo: IBRD 0 0 0 205 36 IDA 0 0 0 0 1 UNDISBURSED DEBT Official creditors Private creditors Memorandum items Concessional LDOD Variable rate LDOD Public sector LDOD Private sector LDOD 6. CLIRRF.Nt( CONIPOSIT'ION OF LO.NG-tERM DEB'1 iPERCENT) Deutsche mark French franc Japanese yen Pound sterling Swiss franc U.S.dollars Multiple currency Special drawing rights All other currencies 107 BOSNIA AND HERZEGOVINA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DLBI' RES I-Rl1. ITlRIN(,S Total amount rescheduled Debt stock rescheduled Principal rescheduled Official Private, Interest rescheduled Official Private Debt forgiven Memo: interest forgiven Debt stock reduction of which debt buyback 8. DEB I SI OtK-FLO%% R4ECONCIL .I\ lION Total change in debt stocks Net flows on debt Net change in interest arrears Interest capitalized Debt forgiveness or reduction Cross-currency valuation Residual 9. -%%ER.AGE l ERMIS OJF NE%% C(ONIMITNIEN-1 S ALL CREDITORS Interest (%) Maturity (years) Grace period (years) Grant element (%) - Official creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Private creditors Interest (%) Maturity (years) Grace period (years) Grant element (%) Memorandum items Commitments Official creditors Private creditors 11). (ONTRU-1 n AL oil (LGA FIONS O\ 0l IuST NIIlNG LON(;-YERNI [)EBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursemenits Principal Interest Official creditors Disbursements Principal Interest Bilateral creditors Disbursements Principal Interest Multilateral creditors Disbursements 30 26 16 11 6 2 1 0 0 0 Principal 0 3 3 8 25 25 25 25 27 32 Interest 40 40 40 40 39 37 36 34 32 31 Private creditors Disbursements Principal Interest Commercial banks Disbursements Principal Interest Other private Disbursements Principal Interest 108 BOTSWANA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SUNIMARlI DEBT DAF-% TOTAL DEBT STOCKS (EDT) .. 146.7 563.0 619.8 611.8 659.6 688.7 703.4 613.5 562.0 Long-term debt (LDOD) 17.4 142.7 557.2 613.2 605.5 651.8 677.5 693.2 607.5 522.0 Public and publicly guaranteed 17.4 142.7 557.2 613.2 605.5 651.8 677.5 693.2 607.5 522.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 4.0 5.8 6.6 6.3 7.8 11.2 10.2 6.0 40.0 of which interest arrears on LDOD .. 0.0 2.6 3.4 3.1 4.6 7.8 6.2 0.0 0.0 Official creditors .. 0.0 1.3 1.7 1.0 1.6 2.3 0.2 0.0 0.0 Private creditors .. 0.0 1.3 1.7 2.1 3.0 5.5 6.0 0.0 0.0 Memo: principal arrears on LDOD .. 0.0 2.7 3.7 7.7 7.4 12.6 8.9 0.0 0.0 Official creditors .. 0.0 0.9 2.5 6.6 6.2 6.7 2.9 0.0 0.0 Private creditors .. 0.0 1.8 1.2 1.1 1.2 5.9 6.0 0.0 0.0 Memo: export credits .. .. 128.0 126.0 115.0 102.0 104.0 80.0 74.0 75.0 TOTAL DEBT FLOWS Disbursements 5.7 27.5 29.7 103.0 84.4 101.9 52.0 65.9 28.1 22.0 Long-term debt 5.7 27.5 29.7 103.0 84.4 101.9 52.0 65.9 28.1 22.0 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.2 6.4 67.0 54.1 62.0 56.8 61.9 64.6 73.2 74.5 Long-term debt 0.2 6.4 67.0 54.1 62.0 56.8 61.9 64.6 73.2 74.5 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 5.6 21.1 -37.2 48.9 22.4 45.1 -9.7 1.9 -43.1 -18.4 of which short-term debt .. .. 0.1 0.0 0.0 0.0 0.2 0.6 2.0 34.0 Interest payments (INT) .. 9.1 39.4 35.5 35.9 33.3 30.9 27.7 78.5 29.2 Long-term debt 0.4 7.6 39.2 35.3 35.7 33.1 30.7 27.5 78.2 27.8 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 1.5 0.2 0.2 0.2 0.2 0.2 0.2 0.3 1.4 Net transfers on debt .. 12.0 -76.6 13.4 -13.5 11.8 -40.6 -25.8 -121.6 -47.7 Total debt service paid (TDS) .. 15.4 106.4 89.6 97.9 90.1 92.8 92.3 151.7 103.7 Long-term debt 0.6 13.9 106.2 89.4 97.7 89.9 92.6 92.1 151.4 102.3 IMIF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 1.5 0.2 0.2 0.2 0.2 0.2 0.2 0.3 1.4 2. AGGRF.G. rE NlET RE.sOLI'RC E FLO( S .\ND NET TRANSFERSi iLONG-TERMNI NET RESOURCE FLOWS 14.9 183.5 136.1 104.9 73.4 -189.7 9.2 99.8 75.3 87.3 Net flow of long-term debt (ex. IMF) 5.6 21.1 -37.3 48.9 22.4 45.1 -9.9 1.3 -45.1 -52.4 Foreign direct investment (net) 0.0 111.6 95.0 -8.0 -2.0 -287.0 -14.0 70.0 90.0 100.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.1 0.0 Grants (excluding technical coop.) 9.3 50.8 78.4 64.0 53.0 52.2 33.0 28.5 30.3 39.7 Memo: technical coop. grants 2.5 47.5 60.7 60.0 59.0 60.5 48.3 53.9 42.3 44.8 official net resource flows 12.0 69.1 59.5 115.5 78.1 68.0 25.1 36.1 -6.2 -7.8 private net resource flows 2.9 114.4 76.5 -10.6 -4.7 -257.7 -15.9 63.8 81.5 95.0 NET TRANSFERS 14.4 68.4 -200.8 -230.4 -247.3 -472.8 -301.5 -227.7 -312.9 -280.6 Interest on long-term debt 0.4 7.6 39.2 35.3 35.7 33.1 30.7 27.5 78.2 27.8 Profit remittances on FDI 0.0 107.5 297.7 300.0 285.0 250.0 280.0 300.0 310.0 340.0 Memo: official net transfers 11.6 62.5 23.3 82.6 44.6 36.0 -4.4 11.6 -75.9 -33.3 private net transfers 2.9 5.9 -224.2 -313.1 -291.9 -508.8 -297.1 -239.2 -237.0 -247.4 3. M_A.JOR ECONOMIlC .-%GGRE(;G TE Gross national product (GNP) 89.7 987.7 3,284.8 4,007.5 4,078.4 4,417.4 4,082.6 4,551.8 4,834.2 4,892.4 Exports of goods & services (XGS) .. 747.5 2,421.1 2,564.1 2,475.3 2,468.0 2,291.2 2,903.8 2,890.5 of which workers remittances .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8.3 Imports of goods & services (MGS) .. 953.5 2,508.9 2,406.7 2,346.4 2,041.9 2,127.1 2,538.6 2,362.6 International reserves (RES) .. .. .. .. .. .. .. Current account balance .. -151.1 42.0 336.9 244.3 503.3 239.1 337.9 608.6 4. DEBTl INDICATORS EDT / XGS (%) .. 19.6 23.3 24.2 24.7 26.7 30.1 24.2 21.2 EDT GNP(%) .. 14.9 17.1 15.5 15.0 14.9 16.9 15.5 12.7 11.5 TDS / XGS (91) .. 2.1 4.4 3.5 4.0 3.7 4.0 3.2 5.2 INT / XGS (%) .. 1.2 1.6 1.4 1.5 1.3 1.3 1.0 2.7 INT/ GNP (%) .. 0.9 1.2 0.9 0.9 0.8 0.8 0.6 1.6 0.6 RES /EDT (c .. .. .. .. .. RES MGS (months) .. .. .. .. .. .. .. Short-term / EDT (%) .. 2.7 1.0 1.1 1.0 1.2 1.6 1.4 1.0 7.1 Concessional /EDT(9) .. 40.5 32.8 36.9 38.1 40.0 42.6 48.3 52.5 51.6 Multilateral / EDT (%) .. 57.4 69.6 73.0 75.7 72.0 72.2 69.1 70.5 68.1 109 BOTS WANA ('US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. DFC-LM )BT DEBT OUTSTANDING (LDOD) 17.4 142.7 557.2 613.2 605.5 651.8 677.5 693.2 607.5 522.0 Public and publicly guaranteed 17.4 142.7 557.2 613.2 605.5 651.8 677.5 693.2 607.5 522.0 Official creditors 14.2 134.9 529.8 588.5 584.7 603.9 627.5 646.3 571.6 494.4 Multilateral 5.2 84.3 391.6 452.8 463.2 475.0 497.2 486.0 432.5 382.5 Concessional 5.2 31.5 112.7 148.8 153.1 170.5 194.3 206.1 202.0 192.2 Bilateral 8.9 50.6 138.2 135.8 121.6 128.9 130.2 160.2 139.2 111.8 Concessional 6.0 27.9 71.9 79.9 80.3 93.6 98.8 133.7 120.3 97.6 Private creditors 3.2 7.8 27.4 24.6 20.8 47.9 50.0 47.0 35.9 27.6 Bonds 2.6 2.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 10.5 10.3 10.0 38.6 42.0 40.3 33.6 25.8 Other private 0.6 5.3 16.9 14.3 10.8 9.3 8.0 6.7 2.3 1.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 50.0 155.2 150.0 129.3 124.7 113.6 96.3 68.8 47.1 IDA 5.2 15.6 13.6 13.3 12.9 12.4 12.0 11.5 11.0 10.6 DISBURSEMENTS 5.7 27.5 29.7 103.0 84.4 101.9 52.0 65.9 28.1 22.0 Public and publicly guaranteed 5.7 27.5 29.7 103.0 84.4 101.9 52.0 65.9 28.1 22.0 Official creditors 2.8 24.7 29.7 103.0 84.4 71.5 52.0 65.9 28.1 22.0 Multilateral 1.6 15.5 23.2 92.6 79.3 57.1 45.7 21.9 26.2 20.3 Concessional 1.6 5.8 14.1 37.7 16.4 25.8 26.8 13.0 13.0 11.5 Bilateral 1.2 9.2 6.5 10.4 5.1 14.4 6.3 44.0 1.9 1.7 Concessional 1.2 2.7 3.9 8.9 4.8 14.1 6.1 44.0 1.9 1.7 Private creditors 2.9 2.8 0.0 0.0 0.0 30.4 0.0 0.0 0.0 0.0 Bonds 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 30.4 0.0 0.0 0.0 0.0 Other private 0.3 2.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 ComTnercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 9.7 7.0 11.9 4.8 12.4 1.1 0.6 0.0 0.0 IDA 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 0.2 6.4 67.0 54.1 62.0 56.8 61.9 64.6 73.2 74.5 Public and publicly guaranteed 0.2 6.4 67.0 54.1 62.0 56.8 61.9 64.6 73.2 74.5 Official creditors 0.1 6.4 48.6 51.5 59.3 55.7 59.9 58.4 64.6 69.5 Multilateral 0.0 5.7 36.9 37.8 49.1 45.5 50.1 48.7 49.4 46.7 Concessional 0.0 0.1 2.7 3.2 5.4 7.8 9.1 6.3 9.1 10.9 Bilateral 0.1 0.7 11.7 13.7 10.2 10.3 9.9 9.7 15.3 22.8 Concessional 0.0 0.0 3.4 3.5 3.7 4.9 4.5 4.6 6.1 18.8 Private creditors 0.0 0.0 18.5 2.6 2.7 1.1 2.0 6.2 8.6 5.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.2 0.2 0.2 0.2 0.2 4.5 4.3 4.5 Other private 0.0 0.0 18.3 2.5 2.5 0.9 1.8 1.7 4.3 0.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 5.4 19.0 19.2 20.6 19.8 21.0 23.7 20.9 16.5 IDA 0.0 0.1 0.3 0.3 0.4 0.4 0.4 0.5 0.5 0.5 NET FLOWS ON DEBT 5.6 21.1 -37.3 48.9 22.4 45.1 -9.9 1.3 -45.1 -52.4 Public and publicly guaranteed 5.6 21.1 -37.3 48.9 22.4 45.1 .9.9 1.3 .45.1 -52.4 Official creditors 2.7 18.3 -18.9 51.5 251.1 15.8 -7.9 7.6 -36.5 -47.5 Miiltilateral 1.6 9.8 -13.7 54.9 30.2 11.6 -4.3 -26.8 -23.1 -26,4 Concessional 1.6 5.7 11.4 34.6 11.0 18.0 17.7 6.7 3.9 0.6 Bilateral 1.1 8.5 -5.2 -3.4 -5.1 4.1 -3.6 34.4 -13.4 -21.1 Concessional 1.2 2.7 0.5 5.4 1.1 9.3 1.7 39.4 -4.3 -17.1 Private creditors 2.9 2.8 -18.5 -2.6 -2.7 29.3 -2.0 -6.2 -8.6 -5.0 Bonds 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 -0.2 -0.2 -0.2 30.2 -0.2 -4.5 -4.3 -4.5 Other private 0.3 2.8 -18.3 -2.5 -2.5 -0.9 -1.8 -1.7 -4.3 -05 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 4.3 -11.9 -7.3 -15.8 -7.5 -19.9 -23.1 -20.9 -16.5 IDA 1.6 0.0 -0.3 -0.3 -04 -0.4 -0.4 -0.5 -0.5 -0.5 110 ROTS WANA (US$ million, unless otherwise indicated) 2970 1980 1990 1991 1Q92 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0.4 7.6 39.2 35.3 35.7 33.1 30.7 27.5 78.2 27.8 Public and publicly guaranteed 0.4 7.6 39.2 35.3 35.7 33.1 30.7 27.5 78.2 27.8 Official creditors 0.4 6.6 36.2 32.9 33.5 32.0 29.5 24.5 69.7 25.5 Multilatcrat 0.0 4.7 27.9 24.6 25.9 24.8 24.9 21.0 63.0 20.8 Concessional 0.0 0.2 2.5 2.7 2.8 2.6 1.8 1.6 4.1 4.0 Bilateral 0.4 1.9 8.3 8.2 7.6 7.3 4.7 3.5 6.7 4.7 Concessional 0.2 0.5 1.8 2.3 2.4 3.0 1.5 1.0 4.3 3.0 Private creditors 0.0 1.0 3.0 2.5 2.2 1.1 1.2 3.0 8.5 2.4 Bonds 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.5 0.1 0.9 0.9 0.3 0.3 2.7 6.5 2.2 Other private 0.0 0.3 3.0 1.5 1.3 0.7 0.8 0.3 2.0 0.2 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 4.4 14.2 11.7 11.4 9.9 9.3 8.6 6.2 4.3 IDA 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 NET TRANSFERS ON DEBT 5.1 13.5 -76.5 13.6 -13.3 12.0 -40.6 -26.2 -123.3 -80.3 Public and publicly guaranteed 5.1 13.5 -76.5 13.6 -13.3 12.0 .40.6 .26.2 .12323 -80.3 Official creditors 2.2 11.7 -55.1 18.7 -8.5 -16.3 -37.5 -16.9 -106.2 -72.9 Multilateral 1.6 5.1 -41.6 30.2 4.3 -13.1 -29.2 -47.8 -86.1 -47.2 Concessional 1.6 5.5 8.9 31.9 8.3 15.4 15.9 5.1 -0.2 -3.5 Bilateral 0.6 6.6 -13.5 -11.6 -12.7 -3.1 -8.3 30.9 -2.1 -25.7 Concessional 1.0 2.1 -1.4 3.1 -1.3 6.3 0.2 38.4 -8.6 -20.1 Private creditorS 2.9 1.9 -21.5 -5.1 -4.9 28.3 -3.1 -9.3 -17.1 -7.4 Bonds 2.6 -0.2 0.0 0.0 0.0 0. 0.0 0.0 0.0 0.0 Commercial banks 0.0 -0.5 -0.2 -1.1 -1.1 29.9 -0.5 -7.2 -10.8 -6.7 Other private 0.2 2.5 -21.3 -4.0 -3.8 -1.7 -2.6 -2.0 -6.3 -0.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 -0. 1 -26.1 -19.0 -27.2 -17.4 -29.2 -31.7 -27.1 -20.8 IDA 1.6 -0.2 -0.4 -0.4 -0.5 -0.5 -0.5 -0.6 -0.6 -0.6 DEBT SERVICE (LTDS) 0.6 13.9 106.2 89.4 97.7 89.9 92.6 92.1 151.4 102.3 Public and publicly guaranteed 0.6 13.9 106.2 89.4 97.7 89.9 92.6 92.1 151.4 102.3 Official creditors 0.6 13.0 84.7 84.3 92.8 87.8 89.5 82.8 134.3 95.0 Multilate-ral 0.0 10.4 64.8 62.4 75.0 70.2 74.9 69.7 112.4 67.5 Concessional 0.0 0.3 5.2 5.9 8.2 10.4 10.9 8.0 13.1 15.0 Bilateral 0.5 2.6 20.0 22.0 17.9 17.5 14.5 13.1 21.9 27.5 Concessiona] 0.2 0.5 5.2 5.8 6.2 7.9 5.9 5.6 10.4 21.8 Private creditors 0.1 1.0 21.5 5.1 4.9 2.1 3.1 9.3 17.1 7.4 Bonds 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.5 0.2 1.1 1.1 0.5 0.5 7.2 10.8 6.7 Other private 0.1 0.3 21.3 4.0 3.8 1.7 2.6 2.0 6.3 0.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 9.7 33.1 30.9 32.0 29.8 30.3 32.2 27.1 20.8 IDA 0.0 0.2 0.4 0.4 0.5 0.5 0.5 0.6 0.6 0.6 UNDISBURSED DEBT 31.1 159.6 410.4 360.7 312.7 240.7 189.2 101.6 80.0 52.2 Official creditors 31.1 118.1 373.2 324.2 277.8 237.6 185.8 101.6 80.0 52.2 Private creditors 0.0 41.6 37.2 36.5 34.9 3.1 3.4 0.0 0.0 0.0 Memorandum items Concessional LDOD 11.2 59.4 184.7 228.6 233.3 264.1 293.1 339.9 322.3 289.7 Variable rate LDOD 0.0 0.0 73.1 77.5 71.4 105.4 110.3 105.8 87.4 67.2 Public sector LDOD 17.4 142.7 557.2 613.2 605.5 622.8 645.2 662.7 583.4 505.2 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 29.0 32.3 30.5 24.1 16.7 6. CL'RRE%CI COIMPOSITION OF LONG-TER.N DEBT iPERCENTi Deutsche mark 0.0 0.0 0.3 0.2 0.2 4.6 4.9 4.5 4.1 3.3 French franc 0.0 0.0 1.6 1.4 1.2 1.0 1.1 1.0 0.6 0.6 Japanese yen 0.0 0.0 4.3 5.7 5.8 6.0 6.5 11.3 11.4 9.6 Pound sterling 81.8 27.3 10.9 8.8 6.9 5.7 5.0 4.3 4.3 4.2 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 0.0 23.8 11.7 10.8 10.8 10.5 10.7 11.3 11.7 12.5 Multiple currency 0.0 44.1 54.4 56.3 57.6 53.5 51.5 47.4 45.3 44.5 Special drawing rights 0.0 0.0 0.0 0.0 0.2 0.2 1.4 1.4 1.7 1.9 All other currencies 18.2 4.8 16.8 16.8 17.3 18.6 19.0 18.9 20.9 23.3 BOTS WANA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBt1 REsTlRU( I1LIRINGS Total amounit rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reschedujled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Initerest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven -- 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiVenD.. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S.. DEBT S l'OCK-1FLO0W RECONC ILLATION Total change in debt stocks ... 8.0 56.8 -8.0 47.8 29.1 14.7 -89.9 -51.5 Net flows on debt ... -37.2 48.9 22.4 45.1 -9.7 1.9 -43.1 -18.4 Net change in interest arrears ... 2.6 0.9 -03 1.5 3.3 -1.6 -6.2 0.0 Interest capitalized ... 0.0 0.0 0. 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 29.0 -1.8 -24.6 -4.0 20.6 1.8 -24.9 -26.7 Residual ... 14.0 8.9 -5.5 5.2 15.0 12.6 -15.7 -6.4 9). A%. ERAGETERMNs OF NE%% COMNINI'lNIJENTS ALL CREDI[TORS Interest (%) 0.6 6.0 6.9 1.3 5.3 3.7 3.6 0.0 3.0 0.0 Maturity (years) 38.9 18.4 14.8 31.7 25.1 25.1 11.8 0.0 14.9 0.0 Grace period (years) 10.0 4.0 4.3 7.7 5.8 7.0 4.0 0.0 3.9 0.0 Grant clement (%) 79.7 24.2 17.1 66.5 30.5 47.4 32.7 0.0 39.6 0.0 Official creditors Interest (%) 0.1 6.0 5.7 1.3 5.4 3.7 3.6 0.0 3.0 0.0 Maturity (years) 40.7 18.4 16.9 31.7 25.4 25.1 11.8 0.0 14.9 0.0 Grace period (years) 9.4 4.0 4.4 7.7 6.2 7.0 4.0 0.0 3.9 0.0 Grant element (%) 84.9 24.2 25.0 66.5 30.2 47.4 32.7 0.0 39.6 0.0 Private creditors Interest (% 7.3 0.0 8.9 0.0 4.1 0.0 0.0 0.0 0.0 0.0 Maturity (years) 16.9 0.0 11.6 0.0 20.6 0.0 0.0 0.0 0.0 0.0 Grace period (years) 16.3 0.0 4.1 0.0 0.6 0.0 0.0 0.0 0.0 0.0 Grant element (% 19.6 0.0 4.6 0.0 34.6 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 37.6 69.3 79.4 61.5 79.8 50.0 6.2 0.0 8.4 0.0 Official creditors 34.7 69.3 48.4 61.5 73.8 50.0 6.2 0.0 8.4 0.0 Private creditors 2.9 0.0 31.0 0.0 6.1 0.0 0.0 0.0 0.0 0.0 10. CON r'R.ACRLiA.LOBLIG AT IONS O-N OUTST AN DING LONG-TERNt DEBTr 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAIL Disbursements 21.3 13.3 8.5 2.2 0.6 0.2 0.0 0.0 0.0 0.0 Principal 58.3 54.9 49.8 41.9 33.6 30.1 28.0 25.3 24.1 23.5 Interest 22.8 19.8 17.1 14.6 12.4 10.8 9.6 8.3 7.3 6.3 Official creditors Disbursemnents 21.3 13.3 8.5 2.2 0.6 0.2 0.0 0.0 0.0 0. Principal 53.3 49.9 44.8 36.9 32.8 29.3 27.2 24.5 23.3 22.7 Interest 20.8 18.1 15.8 13.6 11.7 10.2 9.0 7.8 6.9 6.0 Bilateral creditors Disbursements 1.3 1.0 0.4 0.2 0.1 0.0 0.0 0.0 0.0 0.0 Principal 10.7 10.8 10.0 9.1 7.6 6.4 5.9 5.9 5.5 5.2 IntereSt 3.7 3.1 2.7 2.3 2.0 1.7 1.6 1.4 1.3 1.1 Multilateral creditors Disbursements 19.9 12.3 8.1 2.1 0.5 0.2 0.0 0.0 0.0 0.0 Principal 42.7 39.1 34.8 27.8 25.2 22.9 21.2 18.6 17.8 17.5 Interest 17.1 15.0 13.0 11.2 9.7 8.4 7.4 6.4 5.6 4.9 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 5.0 5.0 5.0 5.0 0.8 0.8 0.8 0.8 0.8 0.8 Interest 2.1 1.7 1.4 1.0 0.7 0.7 0.6 0.5 0.4 0.4 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 4.8 4.8 4.8 4.8 0.6 0.6 0.6 0.6 0.6 0.6 Interest 1.9 1.6 1.2 0.9 0.6 0.6 0.5 0.4 0.4 0.3 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Interest 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 112 BRAZIL (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SL N2 %LAR%' DEB r D ATA TOTAL DEBT STOCKS (EDT) 71,520 119,877 120,924 128,741 143,836 151,209 159,035 179,480 193,663 Long-term debt (LDOD) 5,020 57,981 94,340 93,373 103,852 112,903 119,620 128,397 143,969 157,553 Public and publicly guaranteed 3,314 41,375 87,669 85,536 90,672 91,988 94,919 97,567 95,016 86,745 Private nnnguaranteed 1,706 16,605 6,671 7,837 13,180 20,916 24,701 30,830 48,953 70,808 Use of IMF credit 0 0 1,821 1,238 799 304 186 142 68 31 Short-term debt 13,540 23,716 26,314 24,090 30,629 31,403 30,496 35,443 36,079 of which interest arrears on LDOD 14 8,791 10,519 4,292 7,226 1,352 804 1,443 2,579 Official creditors ..0 332 751 339 1,380 842 427 403 368 Private creditors .. 13 8,459 9,768 3,953 5,846 510 377 1,040 2,211 Memo: principal arrears on LDOD 432 3,699 4.829 3,961 5.136 3,254 3,884 2,975 7,783 Official creditors 3 789 1,677 753 813 834 781 751 744 Private creditors 429 2,911 3,152 3,209 4,324 2,420 3,104 2,224 7,039 Memo: export credits 23,906 26,464 28,471 26,959 26,389 21,477 20,710 1 9,922 TOTAL DEBT FLOWS Disbursements 1,783 11,418 4,081 4,879 9,393 14,721 11,490 20,016 28,345 44,572 Long-term debt 1,783 11,418 4,081 4,879 9,213 14,721 11,490 20,016 28,345 44,572 IMF purchases 0 0 0 0 180 0 0 0 0 0 Principal repayments 531 6,848 5,912 4,809 4,836 6,812 9,581 10,921 14,445 26,534 Long-term debt 456 6,848 5,147 4,242 4,256 6,309 9,447 10,872 14,375 26,502 IMF repurchases 75 0 765 567 579 503 134 49 70 33 Net flows on debt 1,252 4,570 -1,732 940 8,560 11,514 8,557 8,737 18,209 17,537 of which short-term debt 99 870 4,003 3,605 6,648 -359 4.308 -500 Interest payments (INTl . 7,909 2,256 3,528 3,830 4,431 6,631 10,761 10,628 11,557 Long-term debt 221 6,384 2,026 2,034 2' 949 3,222 5,115 8.959 8.763 10,171 IMF charges 0 0 231 150 90 39 14 10 5 2 Short-term debt .. 1,525 0 1,344 792 1,170 1,503 1,792 1,860 1,384 Net transfers on debt .. -3,340 -3,989 -2,588 4,730 7,083 1,925 -2,025 7,581 5,981 Total debt service paid (TDS) .. 14,757 8,169 8,337 8,666 11,243 16,212 21,682 25,073 38,091 Long-term debt 677 13,232 7,173 6,276 7,205 9,531 14,562 19,831 23,138 36,672 IMF repurchases and charges 75 0 996 718 669 542 148 59 75 35 Short-term debt (interest only) .. 1,525 0 1,344 792 1,170 1,503 1,792 1,860 1,384 2. AGG REC ATE NET' RES~OLRCE I' LOWs A ND NET TRAXNSFERS i LONG-1 ERlIP NET RESOURCE FLOWS 1,777 6,494 -36 2,593 8,790 15,263 10,266 18,479 29,232 41,620 Net flow of long-term debt (ex. IMF) 1,327 4,570 -1,066 637 4,957 8,412 2,043 9,145 13,971 18,070 Foreign direct investment (net) 421 1,911 989 1,103 2,061 1,292 3,072 4,859 11,200 19,652 Portfolio equity flows 0 0 0 803 1,734 5,500 5,082 4.411 3,981 3.835 Grants (excluding technical coop.) 28 14 41 50 38 59 69 65 80 63 Memo: technical coop. grants 32 83 157 179 199 223 279 334 367 449 official net resource flows 212 839 -599 -1,008 -892 -952 -2,065 -1,513 -454 -1,757 private net resource flows 1,565 5,656 562 3,601 9,682 16,215 12,331 19,992 29,686 43,377 NET TRANSFERS 1,169 -845 -3,954 -494 5,007 9,902 2,701 6,920 17,269 28,150 Interest on tong-term debt 221 6,384 2,026 2,034 2,949 3,222 5,115 8.959 81763 10,171 Profit remittances on FDI 387 955 1,892 1.053 834 2,139 2,450 2,600 3,200 3,300 Memo: official net transfers 161 395 -1,868 -2,263 -2,031 -2,372 -3,813 -3,323 -2,181 -3,451 private net transfers 1.008 -1,240 -2,086 1,769 7,038 12.274 6.514 10.244 19,450 31,600 3. MIAJOR L(ONONII( .AGGREGATEN Gross national product (GNP) 41,753 227,300 452,630 398,590 383,200 427,630 537,370 693,010 762,250 801,940 Exports of goods & services (XGS) .. 23,331 36,854 36,899 42,718 46,026 53,046 58,989 59,335 66,405 of which workers remittances .. 56 527 1,057 1,719 1,123 1,834 2,891 1,213 969 Imports of goods & services (MGS) .. 36,250 40,949 38,806 37,099 46,486 54,788 77,855 84,161 101,088 International reserves (RES) 1,190 6,875 9,200 8,749 23,265 31,747 38,492 51,477 59,686 51,706 Current account balance . -12,831 -3,823 -1,450 6,089 20 -1,153 -18,136 -23,602 -33,840 4. DEBT lNDlC.ATO RS EDT, XGS (% . 306.5 325.3 327.7 301.4 312.5 285.1 269.6 302.5 291.6 EDT' GNP (% . 31.5 26.5 30.3 33.6 33.6 28.1 22.9 23.5 24.1 TDS /XGS (% . 63.3 22.2 22.6 20.3 24.4 30.6 36.8 42.3 57.4 INT/XGS (% . 33.9 6.1 9.6 9.0 9.6 12.5 18.2 17.9 17.4 INT/ GNP (% . 3.5 0.5 0.9 1.0 1.0 1.2 1.6 1.4 1.4 RES,' EDT (%) .. 9.6 7.7 7.2 18.1 22.1 25.5 32.4 33.3 26.7 RES / MGS (months) .. 2.3 2.7 2.7 7.5 8.2 8.4 7.9 8.5 6.1 Short-term /'EDT (Er) .. 18.9 19.8 21.8 18.7 21.3 20.8 19.2 19.7 18.6 Concessional / EDT (%1) .. 2.4 2.4 2.4 2.0 1.8 1.6 1.5 1.1 0.8 Multilateral /EDT (%) .. 4.3 9.5 9.2 7.8 6.6 6.2 5.9 5.2 5.2 113 BRAZIL (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-rER'1 DEBIT DEBT OUTSTANDING (LDOD) 5,020 S7,981 94,340 93,373 103,852 112,903 119,620 128,397 143,969 157,553 Public and publicly guaranteed 3,314 41,375 87,669 85,536 90,672 91,988 94,919 97,567 95,016 86,745 Official creditors 1,779 7,306 29,252 28,672 30,282 30,033 29,392 28,445 26,549 23,298 Multilateral 376 3,092 11,391 11,074 10,067 9,479 9,375 9,366 9,404 10,065 Concessional 7 72 16 11 6 6 1 1 00 Bilateral 1,403 4,214 17,861 17,599 20,215 20,554 20,017 19,079 17,145 13,233 Concessional 1,308 1,678 2.867 2,863 2,510 2,514 2,467 2,355 1,936 1,537 Private creditors 1,535 34,069 58,417 56,864 60,390 61,955 65,527 69,122 68,467 63,447 Bonds 0 3,233 2,339 3,147 10,766 11,604 53,566 54,615 56,101 50,740 Commercial banks 748 24,251 46,521 44,457 43,623 44,984 6,779 9,742 8,717 9,850 Other private 787 6,585 9,556 9,259 6,001 5,367 5,182 4,764 3,649 2,858 Private nonguaranteed 1,706 16,605 6,671 7,837 13,180 20,916 24,701 30,830 48,953 70,808 Bonds 0 0 0 398 2,803 7,366 9,391 11,290 14,135 14,820 Commercial banks 1,706 16,605 6,671 7,439 10,377 13,550 15,310 19,541 34,818 55,988 Memo: IBRD 206 2,035 8,427 8,165 7,238 6,575 6,311 6,038 5,876 5,743 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 1,783 11,418 4,081 4,879 9,213 14,721 11,490 20,016 28,345 44,572 Public and publicly guaranteed 883 8,226 3,206 3,852 2,266 3,693 3,121 7,920 8,841 11,235 Official creditors 260 1,343 1,316 1,343 911 877 1,047 2,005 3,149 2,726 Multilateral 108 535 1,001 1,079 883 865 950 1,257 2,263 2,718 Concessional 0 3 0 0 0 42 0 0 0 0 Bilateral 152 809 315 264 28 13 98 748 886 8 Concessional 96 46 80 33 5 9 3 216 3 4 Private creditors 623 6,883 1,890 2,509 1,355 2,816 2.074 5,915 5,693 8,509 Bonds 0 378 200 1,037 820 1,320 402 1,661 3,005 4,262 Commercial banks 333 4,826 765 772 311 1,373 1,286 3,942 2,528 4,017 Other private 290 1,679 925 700 225 123 386 312 160 230 Private nonguarauteed 900 3,192 875 1,027 6,947 11,028 8,368 12,096 19,504 33,337 Bonds 0 0 0 398 2,405 4,761 3,516 4,563 5,058 5,750 Commercial banks 900 3,192 875 628 4,542 6,267 4,853 7,533 14,446 27,587 Memo: IBRD 61 343 782 840 581 471 640 838 1,500 1,416 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 456 6,848 5,147 4,242 4,256 6,309 9,447 10,872 14,375 26,502 P'ublic and publicly guaranteed 256 3,878 4,139 3,490 2,928 3,103 4,924 6,392 7,085 11,194 Official creditors 76 518 1,955 2,402 1,841 1,888 3,181 3,582 3,683 4,546 Multilateral 32 164 1,518 1,536 1,568 1,652 1,674 1,683 1,517 1,335 Concessional 1 2 6 5 5 42 1 1 1 0 Bilateral 45 354 438 866 274 236 1,507 1,899 2,166 3,212 Concessional 40 97 22 62 21 32 200 358 304 296 Private creditors 180 3.360 2,184 1L088 1,087 1,215 1,743 2,810 3,402 6,648 Bonds 0 32 71 248 302 502 604 919 1,272 3,825 Commercial banks 137 2,430 1,595 100 137 104 319 837 1,~209 2,094 Other private 43 898 518 740 648 609 820 1,054 921 730 Private nonguaranteed 200 2,970 1,008 752 1,328 3,206 4,523 4,480 7,290 15,308 Bonds 0 0 0 0 0 198 1,507 2,670 2,132 4,967 Commercial banks 200 2,970 1,008 752 1,328 3,008 3,016 1,810 5,158 10,341 Memo: IBRD 14 98 1,251 1,248 1,266 1,279 1,346 1,377 1,222 1,049 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 1,327 4,570 -1,066 637 4,957 8,412 2,043 9,145 13,971 18,070 Public and publicly guaranteed 627 4,348 -933 362 -662 590 -1,803 1,529 1,756 41 Official creditors 184 825 -639 -1,058 -930 -1,011 -2J134 -1,577 -534 -1,820 Multilateral 76 371 -517 -457 -685 -787 -725 -426 746 1,383 Concessional -1 2 -6 -5 -5 0 -1 -1 -1 0 Bilateral 108 454 -123 -601 -246 -224 -1,410 -1,151 -1,280 -3,204 Concessional 57 -50 58 -29 -16 -22 -197 -142 -301 -292 Private creditors 444 3,523 -294 1,421 268 1,601 332 3,106 2,291 1,861 Bonds 0 346 129 789 518 817 -202 743 1,734 438 Commercial banks 196 2,397 -829 672 173 1,269 968 3,105 1,319 1,923 Other private 247 780 406 -40 -423 -485 -434 -742 -762 -500 Private nonguaranteed 700 222 -133 275 5,619 7,822 3,845 7,616 12,214 18,029 Bonds 0 0 0 398 2,405 4,563 2,009 1,894 2,925 783 Commercial banks 700 222 -133 -124 3,214 3,259 1,836 5,722 9,289 17,246 Memo: IBRD 47 245 -469 -408 -685 -808 -706 -539 278 368 IDA 0 0 0 0 0 0 0 0 0 0 114 BRAZIL (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 221 6,384 2,026 2,034 2,949 3,222 5,115 8,959 8,763 10,171 Public and publicly guaranteed 132 4,253 1,566 1,696 2,398 2,172 3,966 6,864 5,708 5,512 Official creditors 51 444 1,270 1,255 1,139 1,421 1,748 1,811 1,727 1,694 Multilateral 21 255 966 916 887 868 781 750 679 689 Concessional 0 3 1 1 0 17 0 0 0 0 Bilateral 30 189 304 338 252 553 967 1,061 1,048 1,005 Concessional 28 48 9 13 12 11 19 92 61 49 Private creditors 81 3,809 296 442 1,260 752 2,218 5,053 3,981 3,819 Bonds 0 234 14 39 125 435 1,735 4,416 3,116 3,044 Commiercial banks 45 3,124 22 52 876 129 275 339 538 614 Other private 36 450 260 351 259 188 208 298 327 160 Private nonguaranteed 89 2,132 460 338 551 1,050 1,149 2,095 3,055 4,658 Bonds 0 0 0 0 85 313 656 837 1,028 1,323 COMMercial banks 89 2,132 460 338 466 737 493 1,258 2,027 3,335 Memo: IBRD 11 177 725 669 647 579 537 491 416 380 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 1,106 -1,815 -3,092 -1,397 2,008 5,190 -3,072 186 5,207 7,899 Public and publicly guaranteed 495 95 -2,499 -1,334 -3,061 -1,582 -5,769 -5,335 -3,952 -5,472 Official creditors 132 381 -1,909 -2,313 -2,069 -2,431 -3,882 -3,388 -2,261 -3,514 Multilateral 55 116 -1,483 -1,373 -1,572 -1,654 -1,505 -1,176 67 695 Concessional -I -1 -6 -6 -6 -17 -1 -1 -1 0 Bilateral 78 265 -427 -940 -497 -777 -2,377 -2,212 -2,329 -4,209 Concessional 29 -98 49 -42 -28 -33 -216 -234 -362 -342 Private creditors 363 -286 -590 979 -992 849 -1,886 -1,947 -1,690 -1,958 Bonds 0 112 115 750 393 383 -1,937 -3,673 -1,383 -2,607 Commercial banks 151 -728 -851 620 -703 1,140 693 2,766 781 1,309 Other private 212 330 146 -391 -682 -674 -642 -1,040 -1,088 -660 Private nonguaranteed 611 -1,910 -593 -63 5,068 6,772 2,696 5,521 9,159 13,371 Bonds 0 0 0 398 2,320 4,250 1,353 1,057 1,897 -540 Commercial banks 611 -1.910 -593 -461 2,748 2,522 1,343 4,464 7,262 13,911 Memo: IBRD 36 68 -1,193 -1,078 -1,332 -1,387 -1,242 -1,031 -138 -12 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 677 13,232 7,173 6,276 7,205 9,531 14,562 19,831 23,138 36,672 Public and publicly guaranteed 388 8,131 5,705 5,186 5,326 5,275 8,890 13,255 12,793 16,706 Official creditors 127 962 3,225 3,656 2,980 3,308 4,929 5,393 5,410 6,240 Multilateral 53 419 2,484 2,452 2,455 2,519 2,455 2,434 2,196 2,024 Concessional 1 4 6 6 6 60 1 1 1 0 Bilateral 75 543 742 1,204 525 789 2,475 2,959 3,214 4,217 Concessional 68 144 31 75 33 42 219 450 365 346 Private creditors 261 7,169 2,480) 1,530 2,347 1,967 3,961 7,862 7,383 10,466 Bonds 0 266 85 287 427 937 2,339 5,335 4,388 6,869 Commercial banks 182 5,554 1,617 152 1,013 232 594 1,176 1,747 2,708 Other private 79 1,349 778 1,091 907 797 1,028 1,351 1,248 890 Private nonguaranteed 289 5,102 1,468 1,089 1,879 4,256 5,672 6,575 10,345 19,966 Bonds 0 0 0 0 85 511 2,163 3,507 3,160 6,290 Commercial banks 289 5,102 1,468 1,089 1,794 3,745 3,509 3,069 7,185 13,676 Memo: IBRD 25 275 1,975 1,917 1,913 1,858 1,883 1,868 1,638 1,428 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 1,480 14,033 12,940 13,200 14,421 14,390 16,804 14,663 14,614 14,713 Official creditors 792 6,346 6,854 7,722 9,101 9,203 10,594 9,462 9,016 9.673 Private creditors 688 7,687 6,086 5,478 5,320 5.187 6,210 5,201 5,598 5,040 Memorandum items Concessional LDOD 1,315 1,750 2,884 2,874 2,517 2,520 2,469 2,356 1,936 1,537 Variable rate LDOD 2,111 41,557 66,638 66,321 76,649 84,570 82,781 89,866 104,959 123,681 Public sector LDOD 3,206 39,296 87,099 85,035 90.227 91,574 94,453 96,723 94,258 86,137 Private sector LDOD 1,814 18,685 7,241 8,338 13,626 21,329 25,167 31,674 49,712 71,415 6. ( U RREN(NCY (flIlPo%tIO%J OF1.4ONC-TFRl %I1FBr 'PFRCFNT1 Deutsche mark 7.3 8.1 8.9 9.3 6.8 5.8 4.3 5.1 4.7 3.9 French franc 0.2 2.5 6.6 6.8 5.0 4.0 3.3 3.3 2.6 1.9 Japanese yen 0.0 8.5 7.3 7.5 6.1 6.4 5.0 6.3 5.8 4.5 Pound sterling 7.6 2.5 1.8 1.9 1.1 1.2 1.1 0.9 0.8 0.9 Swiss franc 2.2 1.3 1.0 1.0 0.8 0.7 0.3 0.3 0.2 0.3 U.S.dollars 72.1 67.8 60.4 59.4 61.9 63.0 68.5 67.3 69.0 70.1 Multiple currency 9.6 7.2 12.8 12.8 17.3 18.1 17.3 16.6 16.4 17.0 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 1.1 2.1 1.3 1.3 1.0 0.8 0.2 0.2 0.5 1.3 115 BRAZIL (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RESTRU'CTL RINGS Total amount rescheduled 0 0 1,316 0 12,850 1,425 43,451 234 298 288 Debt stock rescheduled 0 0 0 0 0 0 35,758 0 0 0 Principal rescheduled 0 0 1,066 314 4,577 921 76 1 3 0 Official 0 0 212 98 1,991 792 0 1 0 0 Private 0 0 854 216 2,586 128 76 0 3 0 Interest rescheduled 0 0 275 115 8,355 491 7,273 0 298 288 Official 0 0 69 28 972 397 0 0 0 0 Private 0 0 205 87 7,384 94 7,273 0 298 288 Debt forgiven ..0 0 0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 0 1,259 690 257 0 4,104 0 0 3,294 of which debt buyback 0 0 776 0 0 0 204 0 0 2,694 14. DEBT 'I'OCK.l:LOW RECONCHI.[-1 ION Total change in debt stocks ... 5,344 1,047 7,817 15,095 7,373 7,826 20,445 14,183 Net flows on debt ... -1,732 940 8,560 11,514 8,557 8,737 18,209 17,537 Net change in interest arrears ... 5,603 1,727 -6,227 2,935 -5,874 -548 638 1,136 Interest capitalized ... 275 115 8,355 491 7,273 0 298 288 Debt forgiveness or reduction ... -483 -690 -257 0 -3,900 0 0 -600 Cross-currency valuation ... 3,347 99 -1,663 -152 2,043 648 -2,418 -3,098 Residual ... -1,664 -1,145 -951 308 -725 -1,011 3,718 -1,081 9..-%% ERA~GE ERAIS OF NE%l C OMMITM7ENTS ALL CREDITORS Interest (% 7.0 12.2 8.2 7.4 7.7 8.2 8.0 6.9 7.8 8.4 Maturity (years) 14.0 10.9 11.6 11.6 12.4 8.4 11.5 7.6 7.5 7.7 Grace period (years) 3.3 4.0 3.7 3.7 4.0 4.0 3.7 2.9 2.8 2.8 Grant element (%) 17.2 -9.8 9.0 12.1 11.1 7.7 10.2 11.0 7.7 5.9 Official creditors Interest (%) 5.8 9.5 7.4 7.1 7.3 7.1 6.7 5.4 7.1 7.3 Maturity (years) 24.8 13.8 15.2 16.1 17.2 17.7 18.9 19.7 16.4 19.6 Grace period (years) 5.8 3.7 4.1 4.6 4.5 5.0 5.2 4.8 3.4 4.7 Grant element (%) 29.1 4.2 14.9 16.7 15.3 17.6 20.3 27.3 15.2 16.5 Private creditors Interest (%) 7.5 13.0 9.0 7.8 8.4 8.6 9.0 7.4 8.1 8.9 Maturity (years) 9.4 10.0 7.6 5.8 4.5 4.5 6.0 3.0 3.3 2.4 Grace period (years) 2.2 4.1 3.2 2.5 3.2 3.6 2.5 2.1 2.5 2.0 Granit element (%) 12.0 -14.0 2.6 6.3 4.2 3.6 2.7 4.7 4.2 1.3 Memorandum items Commitments 1,439 10,066 2,980 4,747 4,215 3,971 5,716 7,301 9,367 12,121 Official creditors 431 2,303 1,555 2,657 2,620 1,162 2,430 2,019 3,006 3,728 Private creditors 1,008 7,762 1,424 2,090 1,595 2,809 3,286 5,282 6,362 8,393 10. CON IRACUrLAI OBLIG XT[ONs ON, OL'Tsr ANDING LONG-TE'RMN DEBI' 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 3,417 2,601 1,632 1,180 800 511 335 150 89 54 Principal 35,228 40,017 5,737 5,306 6,292 5,711 13,304 12,326 5,433 6,278 Interest 10,251 8,255 5,463 5,058 4,480 4,156 3,830 3,084 2,451 2,080 Official creditors Disbursements 2,027 1,975 1,534 1,163 800 511 335 150 89 54 Principal 4,803 3,803 2,200 2,315 2,374 2,332 2,298 2,273 2,262 1,024 Interest 1,590 1,393 1,270 1,201 1,100 977 844 701 553 423 Bilateral creditors Disbursements 540 405 236 123 57 29 11 0 0 0 Principal 3,417 2,506 912 948 1,009 1,013 1,091 1,156 1,239 96 Interest 815 611 490 437 378 315 247 173 94 29 Multilateral creditors Disbursements 1,487 1,570 1,298 1,040 742 482 324 150 89 54 Principal 1,386 1,298 1,289 1,366 1,365 1,319 1,207 1,117 1,023 928 Interest 776 781 780 764 722 662 597 528 459 394 Private creditors Disbursements 1,390 626 99 17 1 0 0 0 0 0 Principal 30,425 36,214 3,536 2,991 3,918 3,380 11,006 10,053 3,171 5,254 Interest 8,660 6,863 4,193 3,856 3,380 3,179 2,986 2,384 1,898 1,657 Commercial banks Disbursements 1,120 493 91 16 0 0 0 0 0 0 Principal 3,326 6,451 685 217 138 124 98 59 47 40 Interest 795 572 86 52 37 26 17 1 1 6 3 Other private Disbursements 270 133 7 2 1 0 0 0 0 0 Principal 27,099 29,763 2,852 2,774 3,780 3,256 10,909 9,994 3,124 5,214 Interest 7,865 6,291 4,107 3,804 3,343 3,153 2,969 2,373 1,892 1,654 116 BULGARIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SL'INUklRY DEBT DATA TOTAL DEBT STOCKS (EDT) . . 10,890 11,760 11,854 12,198 9,801 10,302 10,058 9,858 Long-term debt ([DOD) . - 9,834 9.780 9,670 9,714 8,417 9,065 8,573 8,144 Public and publicly guaranteed . .. 9,834 9,780 9,670 9,714 8,417 8,723 8,160 7,721 Private nonguaranteed . .. 0 0 0 0 0 342 413 424 Use of IMF credit 0 0 0 414 590 632 941 717 586 942 Short-term debt - -- 1,056 1,567 1,594 1,853 443 520 899 772 of which interest arrears on LDOD . .. 226 764 1,524 1,814 117 82 134 214 Official creditors ...5 23 29 59 16 5 10 9 Private creditors . .. 221 741 1,495 1,755 102 76 124 205 Memo: principal arrears on LDOD .. 356 1,436 4,962 5,882 303 256 157 414 Official creditors . .. 1 125 139 237 21 25 28 30 Private creditors . .. 354 1,311 4,823 5,645 281 231 129 384 Memo: export credits . .. 4,798 3,786 1,230 1,261 1,360 1,492 1,427 1,198 TOTAL DEBT FLOWS Disbursements . .. 876 584 559 358 730 235 316 700 Long-termi debt . .. 876 188 276 315 397 235 200 212 IMF purchases 0 0 0 396 282 43 333 0 116 489 Principal repayments . 865 129 223 85 518 569 697 435 Long-term debt ..865 129 138 85 450 323 472 347 IMF Tepurchases 0 0 0 0 85 0 69 246 225 89 Net flows on debt - .. -14 469 -398 242 499 -221 -54 57 of which short-term debt . .. -24 15 -733 -32 288 113 327 -208 Interest payments (INT) . . 510 146 227 242 168 575 548 497 Long-term debt . .. 452 91 161 186 ill 501 484 436 IMF charges 0 0 0 6 36 37 40 50 29 31 Short-term debt . .. 58 49 30 19 16 24 35 30 Net transfers on debt . - -523 323 -625 -1 331 -796 -602 -440 Total debt service paid (TDS) . . 1,375 276 450 327 686 1,144 1,245 932 Long-term debt . .. 1,317 220 300 271 561 824 957 783 IMF repurchases and charges 0 0 0 6 121 37 109 296 254 120 Short-term debt (interest only) . .. 58 49 30 19 16 24 35 30 2. AGGREGATE NET RE-sOUIRCE FLOWVS AND NET TRA,-NSFE RS iLONG-TERN!' NET RESOURCE FLOWS - .. 19 235 261 333 556 425 434 621 Net flow of long-term debt (ex. IMF) . .. 11 59 138 230 -53 -88 -273 -135 Foreign direct investment (net) . .. 4 56 42 55 105 90 109 498 Portfolio equity flows . .. 0 0 0 0 400 400 500 130 Grants (excluding technical coop.) . .. 4 120 81 47 103 22 98 128 Memo: technical coop. grants . .. 0 7 47 33 43 92 54 43 official net resource flows . .. 61 149 140 311 452 33 119 52 private net resource flows . .. -42 86 121 22 104 392 315 569 NET TRANSFERS - .. -433 144 100 147 443 -79 -62 173 Interest on long-term debt . .. 452 91 161 186 ill 501 484 436 Profit remittances on FDI . .. 0 0 0 0 2 3 11 12 Memo: official net transfers . .. 47 ill 54 208 381 -146 -54 -94 private net transfers ... -480 32 46 -61 62 67 -7 2'68 3. MA',JOR ECONONIIC %AGG(REGATES% Gross national product (GNP) . .. 19,083 9,834 10,203 10,641 9,580 12,680 9.441 9,732 Exports of goods & services (XGS) . .. 7,070 4,193 5,152 4,990 5,277 6,926 6,437 6,460 of which workers remittances . .. 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) . .. 8,905 4,339 5,555 6,126 5,475 7,084 6,526 6,253 Internationial reserves (RES) .. . . 670 1,241 1,053 1,397 1,635 864 2,548 Current account balance . .. -1,710 -77 -360 -1,099 -32 -26 1 6 444 4I. DEBTl INDICA%TORS EDT/XGS(% . .. 154.0 280.5 230.1 244.4 185.7 148.7 156.2 152.6 EDT /GNP %). .. 57.1 119.6 116.2 114.6 102.3 81.2 106.5 101.3 TDS /XGS (3)... 19.4 6.6 8.7 6.5 13.0 16.5 19.3 14.4 INT /XGS ()... 7.2 3.5 4.4 4.9 3.2 8.3 8.5 7.7 INT /GNP ()... 2.7 1.5 2.2 2.3 1.8 4.5 5.8 5.1 RES /EDT (% . . . 5.7 10.5 8.6 14.3 15.9 8.6 25.8 RES /MGS (months) .. . . 1.9 2.7 2.1 3.1 2.8 1.6 4.9 Short-term / EDT (%) . .. 9.7 13.3 13.4 15.2 4.5 5.1 8.9 7.8 Concessional / EDT %)... 0.7 0.3 0.3 1.1 1.5 1.8 1.7 1.6 Multilateral / EDT (%) ... 2.0 2.0 2.4 3.6 8.4 11.9 12.2 10.8 117 BULGARIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 S. LONG-TE RMI DEBI' DEBT OUTSTANDING (LDOD) ... 9,834 9,780 9,670 9,714 8,417 9,065 8,573 8,144 Public and publicly guaranteed ... 9,834 9,780 9,670 9,714 8,417 8,723 8,160 7,721 Official creditors 1,669 1,792 1,846 2,094 2,340 2,836 2,664 2,319 Multilateral 222 240 284 444 819 1.222 1,224 1,065 Concessional 0 0 0 0 0 0 0 0 Bilateral 1,447 1.552 1,562 1,650 1,522 1,613 1,440 1,254 Concessional 77 32 35 138 150 183 175 156 Private creditors 8,165 7,988 7,823 7,620 6,077 5,887 5,496 5,402 Bonds ..327 340 332 348 5,411 5,412 5,155 5,072 Commercial banks 7,084 7,477 7,335 7,135 577 394 269 261 Other private 753 171 156 137 88 81 72 69 Private nonguaranteed . 0 0 0 0 0 342 413 424 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 342 413 424 Memo: IBRD 0 0 0 61 152 158 415 444 453 501 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS . . 876 188 276 315 397 235 200 212 Public and publicly guaranteed . . 876 188 276 315 397 235 139 187 Official creditors 80 69 139 315 375 106 139 180 Multilateral 44 58 103 207 365 15 122 178 Concessional 0 0 0 0 0 0 0 0 Bilateral .. 36 10 36 108 10 92 17 2 Concessional 0 0 33 108 0 32 15 2 Private creditors 796 120 137 0 22 129 0 6 Bonds 65 0 0 0 16 33 0 0 Commercial banks 652 106 126 0 6 96 0 0 Other private 79 14 12 0 0 0 0 6 Private nonguaranteed ...0 0 0 0 0 0 61 25 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 61 25 Memo: IBRD 0 0 0 58 92 3 246 15 53 101 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS . . 865 129 138 85 450 323 472 347 Public and publicly guaranteed . . 865 129 138 85 450 323 449 325 Official creditors 23 40 80 51 27 96 117 257 Multilateral ..22 39 56 43 20 25 23 191 Concessional ..0 0 0 0 0 0 0 0 Bilateral I 1 24 8 7 71 95 65 Concessional ...0 0 0 0 0 0 9 8 Private creditors 842 89 58 34 423 228 332 69 Bonds 0 0 0 0 223 39 205 62 Commercial banks ... 241 19 39 21 200 183 122 3 Other private ..601 70 19 13 0 7 5 5 Private nonguaranteed . .0 0 0 0 0 0 23 21 Bonds 0 0 0 0 0 0 0 0 Commercial banks...0 0 0 0 0 0 23 21 Memo: IBRD 0 0 0 0 0 0 0 0 13 16 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT -.. 11 59 138 230 -53 -88 -273 -135 Public and publicly guaranteed ... 11 59 138 230 -53 -88 -311 -139 Official creditors 57 29 59 264 348 10 22 -76 Multilateyal .. 21 19 47 164 345 -11 99 -13 Concessional ..0 0 0 0 0 0 0 0 Bilateral 36 10 12 100 3 21 -78 -63 Concessional ..0 0 33 108 0 32 6 -6 Private creditors .. -46 30 79 -34 -401 -98 -332 -63 Bonds ..65 0 0 0 -207 -6 -205 -62 Commercial banks ..411 87 87 -21 -194 -86 -122 -3 Other private -522 -57 -7 -13 0 -7 -5 2 Private nonguaranteed ...0 0 0 0 0 0 38 4 Bonds 0 0 0 0 0 0 0 0 Commercial banks ...0 0 0 0 0 0 38 4 Memo: IBRD 0 0 0 58 92 3 246 15 40 85 IDA 0 0 0 0 0 0 0 0 0 0 118 BULGARIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 452 91 161 186 ill 501 484 436 Public and publicly guaranteed 452 91 161 186 ill 501 465 423 Official creditors ..14 37 86 104 71 178 173 146 Multilateral 13 6 15 23 27 62 73 64 Concessional 0 0 0 0 0 0 0 0 Bilateral 0 31 71 81 43 117 100 82 Concessional 0 0 0 0 1 4 8 8 Private creditors 438 54 75 82 41 323 292 277 Bonds 16 10 16 24 36 315 279 275 Commercial banks .. 337 30 53 55 5 7 12 1 Other private 85 14 7 3 0 1 1 0 Private nonguaranteed ..0 0 0 0 0 0 20 13 Bonds 0 0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 0 20 13 Memo: IBRD 0 0 0 0 7 12 15 31 30 31 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -441 -33 -23 44 -164 -589 -757 -571 Public and publicly guaranteed -441 -33 -23 44 -164 -589 -775 -562 Official creditors .. 44 -9 -27 160 278 -168 -152 -223 Multilateral 8 13 33 141 317 -72 26 -77 Concessional 0 0 0 0 0 0 0 0 Bilateral 35 -21 -60 19 -40 -96 -178 -145 Concessional ..0 0 33 108 -1 28 -2 -13 Private creditoras. -484 -24 4 -116 -442 -421 -624 -339 Bonds 49 -10 -16 -24 -243 -321 -484 -337 Commercial banks ..74 57 34 -76 -199 -93 -133 -4 Other private -608 -71 -14 -17 0 -7 -6 2 Private nonguaranteed 0 0 0 0 0 0 18 -9 Bonds ..0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 18 -9 Memo: IBRD 0 0 0 58 85 -9 230 -16 10 54 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) .. 1,317 220 300 271 561 824 957 783 Public and publicly guaranteed 1,317 220 300 271 561 824 914 748 Official creditors 37 77 166 154 97 274 290 403 Multilateral ... 36 46 71 66 47 87 96 255 Concessional 0 0 0 0 0 0 0 0 Bilateral 1 32 95 89 50 187 195 148 Concessional 0 0 0 0 1 4 17 16 Private creditors 1,280 143 133 116 464 550 624 346 Bonds ..16 10 16 24 259 354 484 337 Commercial banks 578 49 92 76 205 189 133 4 Other private 686 84 26 17 0 7 6 5 Private nonguaranteed . -0 0 0 0 0 0 43 34 Bonds ..0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 43 34 Memo: IBRD 0 0 0 0 7 12 15 31 43 47 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT - 271 253 332 447 416 814 746 737 Official creditors ... 25 222 320 439 385 806 739 737 Private creditors ... 246 31 12 8 31 8 7 0 Memorandum items Concessional LDOD ... 77 32 35 138 150 183 175 156 Variable rate LDOD ... 7,714 7,611 7,478 7,391 6,683 7,171 7,077 6,868 Public sector LDOD ... 9,834 9,780 9,670 9,714 8,417 8,723 8,160 7.721 Private sector LDOD ...0 0 0 0 0 342 413 424 6. CIilRRENC LI OIMPOSITION OF LONG-TERM DEBT iPERt ENT1i Deutsche mark ... 33.9 33.7 32.1 29.7 6.4 7.3 5.2 4.7 French franc ... 0.5 0.5 0.4 0.4 0.4 0.5 0.5 0.4 Japanese yen ... 6.6 6.8 6.7 8.3 8.8 8.1 6.5 5.4 Pound sterling ... 0.3 0.2 0.2 0.2 0.2 0.2 0.3 0.3 Swiss franc ... 7.7 7.5 6.7 6.5 1.1 1.1 1.0 1.0 U.S.dollars ... 42.1 43.5 45.5 45.7 71.8 67.0 70.1 75.1 Multiple currency ... 2.5 0.7 1.6 1.6 4.9 5.1 5.6 6.0 Special drawing rights . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ... 6.3 7.1 6.9 7.5 6.3 10.7 11.0 7.1 119 BULGARIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT REST RI. CTLURING S Total amount rescheduled ...0 429 271 1 7 5,306 54 1 7 0 Debt stock rescheduled ...0 0 0 0 3,395 0 0 0 Principal rescheduled ...0 389 219 16 222 41 0 0 Official ..0 348 219 16 153 36 0 0 Private ..0 41 0 0 69 5 0 0 Interest rescheduled ...0 44 52 1 1,678 10 0 0 Official ...0 41 52 1 57 9 0 0 Private ...0 3 0 0 1,621 1 0 0 Debt forgiven ...0 0 0 0 0 0 21 7 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reducetion -..0 0 0 0 2,871 0 0 0 of which debt buyback ..0 0 0 0 423 0 0 0 S. DEBT SlOt K-FLOW REC'ONCILI Ak lIO-N Total change in debt stocks ... 753 871 93 345 -2,397 500 -244 -199 Net flows on debt ... -14 469 -398 242 499 -221 -54 57 Net change in interest arrears .. 226 538 760 290 -1,697 -36 52 81 Interest capitalized ...0 44 52 1 1,678 10 0 0 Debt forgiveness or reduction ...0 0 0 0 -2,448 0 -21 -7 Cross-currency valuation ... 728 -34 -279 -154 232 136 -194 -216 Residual ... -187 -147 -42 -34 -661 611 -27 -114 9. AVERAGE TERMIS OF NE"; CO-MMITME-NTIS ALL CREDITORS Interest (%) ... 9.1 7.7 5.5 5.8 6.6 5.5 6.6 6.2 Maturity (years) ... 3.4 16.4 12.5 14.7 13.1 15.3 14.8 15.4 Grace period (years) ... 2.3 4.4 5.1 4.0 5.0 5.1 5.9 6.3 Grant element (%) ... 2.3 12.6 24.7 22.8 16.5 24.2 19.9 22.8 Official creditors Interest (%) ... 9.3 7.7 4.9 5.8 6.7 6.0 6.6 6.2 Maturity (years) ... 6.1 17.0 13.9 14.7 14.5 17.6 14.8 15.4 Grace period (years) ... 3.0 4.6 5.7 4.0 5.7 5.4 5.9 6.3 Grant element (%) ... 2.6 13.0 29.7 22.8 17.8 25.0 19.9 22.8 Private creditors Interest (%) ... 9.1 7.0 6.7 0.0 6.1 3.4 0.0 0.0 Maturity (years) ... 3.1 2.8 9.5 0.0 4.8 4.0 0.0 0.0 Grace period (years) ... 2.3 0.9 3.9 0.0 0.6 3.2 0.0 0.0 Grant element (%) ... 2.3 4.8 14.5 0.0 8.2 20.0 0.0 0.0 Memorandsms items Commitments ... 563 280 368 443 372 630 131 265 Official creditors ... 52 267 248 443 321 525 131 265 Private creditors ... 511 13 120 0 51 105 0 0 10. CONTRACTUAL. OBLIGATVIONS 0N OLUTsTAN1DING LONU-TERMI DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 261 176 123 84 51 21 12 4 2 2 Principal 540 373 310 546 414 458 432 414 409 476 Interest 449 435 423 409 415 389 363 333 308 282 Official creditors Disbursements 261 176 123 84 51 21 12 4 2 2 Principal 358 284 263 490 287 258 200 150 145 136 Interest 153 144 134 118 91 76 62 50 41 33 Bilateral creditors Disbursements 14 19 12 8 5 2 1 0 0 0 Principal 138 216 175 315 186 104 91 10 8 4 Interest 81 71 57 42 22 12 6 2 2 2 Multilateral creditors Disbursements 247 157 ill 76 46 18 1 1 4 2 2 Principal 220 68 88 175 101 154 109 141 137 132 Interest 72 73 77 76 69 64 55 48 39 31 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 183 89 47 57 127 200 232 264 264 340 Interest 297 291 290 291 324 312. 302 283 267 250 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 100 28 19 19 0 0 0 0 0 0 Interest 9 5 3 1 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 83 61 28 38 127 200 232 264 264 340 Interest 288 306 287 290 324 312 302 283 267 250 120 BURKINA FASO (US$ million, unless otherwise indlicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 TOTAL DEBT STOCKS (EDT) 330 834 967 1,040 1,117 1,129 1,267 1,294 1,297 Long-term debt (LDOD) 21 281 750 883 979 1,066 1,040 1,136 1,160 1,139 Public and publicly guaranteed 21 281 750 883 979 1,066 1.040 1,136 1,160 1,139 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 15 0 9 9 21 48 75 81 92 Short-term debt 35 84 76 52 30 41 56 53 66 of which interest arrears on LDOD ..0 21 12 12 12 11 12 10 7 Official creditors ..0 14 11 it 11 10 11 8 5 Private creditors ..0 7 0 1 1 1 1 2 2 Memo: principal arrears on LDOD 0 64 25 28 35 36 37 38 23 Official c-reditors 0 34 25 26 34 34 35 35 20 Private creditors 0 30 1 2 1 2 3 3 3 Memo: export credits 200 125 148 79 65 98 83 86 TOTAL DEBT FLOWS Disbursements 2 70 79 155 143 151 132 139 113 89 Long-term debt 2 65 79 146 143 138 107 112 103 71 IMF purchases 1 4 0 9 0 12 25 27 10 18 Principal repayments 2 11 19 25 15 20 27 29 31 34 Long-term debt 2 11 18 25 15 20 27 29 30 32 IMF repurchases 0 0 1 0 0 0 0 0 1 2 Net flows on debt 1 59 70 131 105 109 117 124 81 71 of which short-term debt ... 10 1 -24 -22 12 14 0 15 Interest payments (INT) 12 16 21 19 18 17 20 17 18 Long-term debt 0 6 10 15 14 16 15 17 15 15 IMF charges 0 0 0 0 0 0 0 0 1 0 Sbort-term debt ..5 6 6 5 2 2 2 2 3 Net transfers on debt -- 48 54 110 86 91 100 104 64 53 Total debt service paid (TDS) .. 22 34 46 33 38 44 49 49 52 Long-term debt 2 17 28 40 29 36 42 46 45 47 IMF repurchases and charges 0 0 1 0 0 0 0 0 2 2 Short-term debt (interest only) ..5 6 6 5 2 2 2 2 3 2..%(C,REG,ATFE NET RESOU;RCE FLOWS %ND NELT TP-ANS-E RSiLONG-rERMil NET RESOURCE FLOWS 13 142 218 348 332 345 293 323 309 246 Net flow of long-termn debt (ex. IMF) 0 55 61 121 128 119 80 83 73 39 Foreign direct investment (net) 0 0 0 13 0 0 1 0 0 0 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 13 88 158 214 204 227 212 240 237 207 Memo: technical coop. grants 8 73 117 105 142 139 114 124 115 101 official net resource flows 13 139 219 336 332 345 292 323 309 246 private net resource flows 0 4 0 12 0 0 1 0 0 0 NET TRANSFERS 11 128 209 333 318 329 278 305 294 231 Interest on long-term debt 0 6 10 15 14 16 15 17 15 15 Profit remittances on FDI 2 9 0 0 0 0 0 0 0 0 Memo: official net transfers 13 135 209 321 318 329 277 305 294 231 private net transfers -1 -7 0 12 0 0 1 0 0 0 3. MAJOR ECONONIC UREAE Gross national product (GNP) 421 1,698 2,758 2,779 1,987 2,039 1,840 2,337 2,527 2,389 Exports of goods & services (XGS) .. 376 507 467 452 429 361 427 431 439 of which workers remittances .. 150 140 113 129 117 80 110 109 96 Imports of goods & services (MGS) .. 596 776 760 686 707 521 689 770 739 International reserves (RES) .. 75 305 350 345 387 242 352 343 348 Current account balance .. -49 -77 -91 -23 -71 15 4. DEBTf INDIC.NTORS EDT / XGS (% . 88.0 164.7 207.2 229.9 260.1 312.6 296.7 300.5 295.5 EDT /GNP(% . 19.5 30.2 34.8 52.3 54.8 61.3 54.2 51.2 54.3 TDS /XGS (% . 5.9 6.8 9.9 7.4 8.8 12.1 11.4 11.3 11.8 INT / XGS (% . 3.1 3.1 4.5 4.2 4.2 4.6 4.6 4.0 4.1 INT /GNP (% . 0.7 0.6 0.8 0.9 0.9 0.9 0.8 0.7 0.8 RES /EDT (% . 22.6 36.5 36.2 33.2 34.6 21.4 27.8 26.5 26.8 RES /MGS (months) .. 1.5 4.7 5.5 6.0 6.6 5.6 6.1 5.3 5.7 Short-term / EDT (%) .. 10.6 10.1 7.8 5.0 2.7 3.6 4.4 4.1 5.1 Conicessional / EDT (% . 67.0 71.6 74.9 78.9 81.9 80.2 79.0 83.9 83.0 Multilateral / EDT (%) .. 42.8 67.7 66.1 68.5 70.9 78.1 77.7 78.9 77.3 121 BURKINA FASO (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. L(IN%G-[rERIN DEBT' DEBT OUTSTANDING (LDOD) 21 281 750 883 979 1,066 1,040 1,136 1,160 1,139 Public and publicly guaranteed 21 281 750 883 979 1,066 1,040 1,136 1,160 1,139 Official creditors 21 261 '712 877 973 1,062 1,036 1,131 1,155 1,135 Multilateral 0 142 565 640 712 792 881 984 1,021 1,003 Concessional 0 133 460 537 615 702 810 916 960 953 Bilateral 21 119 147 237 262 270 154 147 134 132 Concessional 18 89 138 187 205 213 96 86 125 124 Private creditors 0 20 38 6 5 4 4 5 4 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 1 1 0 0 0 0 0 0 0 Othter private 0 19 38 6 5 4 4 5 4 4 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 77 282 326 364 425 518 608 636 636 DISBURSEMENTS 2 65 79 146 143 138 107 112 103 71 Public and publicly guaranteed 2 65 79 146 143 138 107 112 103 71 Official creditors 2 59 79 146 143 138 107 112 103 71 Multilateral 0 26 45 99 110 118 100 106 90 66 Concessional 0 22 34 90 104 112 98 104 89 65 Bilateral 2 33 34 47 -33 21 7 6 1 3 5 Concessional 1 19 34 47 29 19 7 6 13 5 Private creditors 0 6 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 6 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 12 1 5 42 s0 64 79 85 50 35 PRINCIPAL REPAYMENTS 2 11 18 25 15 20 27 29 30 32 Public and publicly guaranteed 2 11 18 25 15 20 27 29 30 32 Official creditors 2 8 18 25 15 20 27 29 30 32 Multilateral 0 3 13 23 14 18 25 24 25 27 Concessional 0 2 10 12 8 10 17 16 20 21 Bilateral 2 5 4 2 1 2 2 5 5 5 Concessional 1 3 3 1 1 1 1 4 4 4 Private creditors 0 2 0 1 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 1 0 0 0 0 0 0 Other private 0 2 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 2 2 3 3 4 4 4 NET FLOWS ON DEBT 0 55 61 121 128 119 80 83 73 39 Public and publicly guaranteed 0 55 61 121 128 119 80 83 73 39 Official creditors 0 51 61 122 128 119 80 83 73 39 Multilateral 0 23 32 77 96 100 75 82 65 40 Concessional 0 21 24 78 96 102 81 88 70 45 Bilateral 0 28 29 45 32 19 5 1 7 -1 Concessional 1 16 31 46 29 18 6 2 9 0 Private creditors 0 4 0 -1 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 -1 0 0 0 0 0 0 Other private 0 4 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 12 14 41 48 61 76 81 46 30 122 BURKINA FASO (US$ mnillion, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0 6 10 15 14 16 15 17 15 15 Public and publicly guaranteed 0 6 10 15 14 16 15 17 15 15 Official creditors 0 4 10 15 14 16 15 17 15 15 Multilate-ral 0 2 7 14 9 11 11 11 13 12 Concessional 0 1 4 5 5 5 6 7 10 9 Bilateral 0 2 3 1 5 5 4 6 2 4 Concessional 0 1 3 1 1 1 1 1 1 3 Private creditors 0 3 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 2 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 2 2 3 3 3 4 5 5 NET TRANSFERS ON DEBT -1 49 51 106 114 103 65 65 58 24 Public and publicly guaranteed -1 49 51 106 114 103 65 65 58 24 Official creditors 0 47 51 107 114 103 65 65 58 24 Multilateral 0 22 25 62 87 88 64 70 52 28 Concessional 0 20 20 73 91 97 75 81 60 35 Bilateral 0 26 27 44 27 14 1 -5 6 -4 Concessional 0 16 28 45 27 17 5 1 8 -3 Private creditors 0 1 0 -1 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 -1 0 0 0 0 0 0 Other private 0 2 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 11 12 38 45 58 73 77 42 26 DEBT SERVICE (LTDS) 2 17 28 40 29 36 42 46 45 47 Public and publicly guaranteed 2 17 28 40 29 36 42 46 45 47 Official creditors 2 12 28 40 29 36 42 46 45 47 Multilateral 0 5 21 37 23 30 36 36 38 38 Concessional 0 3 14 17 13 16 23 23 29 30 Bilateral 2 7 7 3 6 6 5 11 7 9 Concessional 1 3 6 2 2 2 1 5 5 8 Private creditors 0 5 0 1 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 1 0 0 0 0 0 0 Other private 0 5 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 (10 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 3 4 5 6 6 8 9 9 UNDISBURSED DEBT 10 218 540 580 582 549 540 463 366 401 Official creditors 9 214 525 566 568 536 525 448 351 389 Private creditors 1 4 15 15 14 13 14 16 15 13 Memorandum items Concessionial LDOD 18 221 597 724 820 914 906 1,001 1,085 1,077 Variable rate LDOD 0 12 2 7 6 6 6 7 0 0 Public sector LDOD 21 276 749 882 979 1,066 1,040 1,136 1,160 1,139 Private sector LDOD 0 5 1 1 0 0 0 0 0 0 6. CLURRE.NC'% C()lPO~lIOI1'0 OF LONG-TERMI DEBrI iPERCF%-Ti Deutsche mark 10.1 12.1 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 French franc 32.7 31.3 16.6 18.8 18.3 16.9 7.0 6.5 3.6 3.5 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 20.2 0.7 0.5 0.5 0.4 0.3 0.4 0.3 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 0.0 28.8 39.2 38.6 40.0 42.9 52.8 56.0 61.0 62.4 Multiple currency 0.0 8.9 15.3 15.7 16.9 17.4 19.2 18.8 19.2 19.1 Special drawing rights 0.0 0.0 2.1 2.8 2.5 2.3 2.3 2.2 2.1 2.0 All other currencies 37.0 18.2 26.2 23.6 21.7 20.1 18.2 16.2 14.0 13.0 123 BURKINA FASO (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 7994 1995 1996 1997 7. DEBI REsTRUCITURUNG(S Total amount rescheduled 0 0 0 43 14 6 0 0 44 1 Debt stock rescheduled 0 0 0 0 0 0 0 0 44 0 Principal rescheduled 0 0 0 27 8 3 0 0 0 0 Official 0 0 0 2 7 3 0 0 0 0 Private 0 0 0 25 0 1 0 0 0 0 Interest rescheduled 0 0 0 8 5 2 0 0 0 0 Official 0 0 0 2 5 2 0 0 0 0 Private 0 0 0 6 0 0 0 0 0 0 Debt forgiven 5 10 0 2 123 15 3 1 Memo: interest forgiven 0 2 0 2 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 16 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8. DIiBT ,i(TOUK-11_0%~ RF.CON(. I LU.-'IIN Total change in debt stocks ... 117 134 72 77 12 138 27 3 Net flows on debt 70 131 105 109 117 124 81 71 Net change in interest arrears 6 -9 0 0 -1 1 -2 -3 Interest capitalized ...0 8 5 2 0 0 0 0 Debt forgiveness or reduction ... -5 -10 0 -2 -123 -15 -18 -1 Cross-currency valuation ... 37 -3 -23 -20 4 15 -8 -15 Residual ...9 18 -14 -13 15 13 -25 -49 9J.. A ER-NGE TERMNb Of NEI.~ (ONINIIT.NIFNT S ALL CREDITORS Interest (%) 2.3 4.3 2.5 1.0 0.8 1.2 0.9 0.8 1.2 0.6 Maturity (years) 36.3 21.5 27.5 37.9 41.7 33.0 38.0 39.9 31.6 43.0 Grace period (years) 8.1 6.5 8.7 9.5 10.0 7.9 9.8 10.4 8.5 10.3 Grant element (%) 61.9 37.8 59.0 76.4 80.6 69.3 78.4 80.8 70.3 83.0 Ofricial creditors Interest (% 1.7 4.0 2.5 1.0 0.8 1.2 0.9 0.8 1.2 0.6 Maturity (years) 40.6 23.0 27.5 37.9 41.7 33.0 38.0 39.9 31.6 43.0 Grace period (years) 8.9 7.0 8.7 9.5 10.0 7.9 9.8 10.4 8.5 10.3 Grant element (%) 69.4 40.9 59.0 76.4 80.6 69.3 78.4 80.8 70.3 83.0 Private creditors Interest (%) 6.8 7.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 7.2 5.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 2.8 1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 1 1.3 6.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 9 115 90 185 169 105 100 37 24 132 Official creditors 8 104 90 185 169 105 100 37 24 132 Private creditors I 10 0 0 0 0 0 0 0 0 Wi. LOVI R-Xt I' t\L 0II1.I(AI I(3S ON oUisl % ND ON;-rR DEBI 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 108 105 74 47 27 12 8 2 1 0 Principal 45 34 37 38 41 41 40 40 39 40 Interest 15 15 15 14 14 13 12 12 it 11 Official creditors Disbursements 108 105 74 47 27 12 8 2 1 0 Principal 45 34 37 38 41 41 40 40 39 40 Interest 15 15 15 14 14 13 12 12 11 11I Bilateral creditors Disbursemnents 8 7 4 I 0 0 0 0 Principal 18 7 7 7 7 7 6 6 6 6 Interest 3 3 3 3 3 3 3 3 3 3 Multilateral creditors Disbursements 100 99 70 45 26 12 8 1 1 0 Principal 27 27 30 31 34 34 35 34 33 34 Interest it 11 11 11 10 10 9 9 8 8 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal I 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 PriDcipal I 0 0 0 0 0 0 0 0 0 Initerest 0 0 0 0 0 0 0 0 0 0 124 BURUNDI (USS million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. StMM%ARY DEBI DATA~ TOTAL DEBT STOCKS (EDTf) 166 907 964 1,022 1,061 1,123 1,158 1,127 1,066 Long-term debt (LDOD) 7 118 851 901 947 998 1,062 1,095 1,081 1,022 Public and publicly guaranteed 7 118 851 901 947 998 1,062 1,095 1,081 1,022 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 8 36 43 49 62 58 56 48 38 28 Short-term debt 12 13 13 13 5 6 15 8 16 of whicb interest arrears on LDOD ..0 0 0 1 1 1 2 5 9 Official creditors ..0 0 0 1 1 1 2 5 9 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 0 0 6 12 12 3 15 27 Official CreditoTs 0 0 0 6 12 12 3 15 27 Private creditors 0 0 0 0 0 0 0 0 0 Memo: export credits .. 15 16 15 5 5 2 0 0 TOTAL DEBT FLOWS Disbursements 4 45 96 91 126 77 53 45 35 19 Long-term debt 1 39 96 85 107 77 53 45 35 19 IMFEpurchases 3 6 0 6 18 0 0 0 0 0 Principal repayments 1 4 28 25 24 23 28 27 21 20 Long-term debt 0 4 28 25 22 19 22 18 12 12 IMF repurchases 0 0 1 0 2 4 6 9 9 8 Net flows on debt 3 41 65 66 101 45 25 26 4 3 of which sbort-term debt ..-3 0 -1 -8 1 8 -10 4 Interest payments (INTl . 4 14 14 16 13 13 12 10 9 Long-term debt 02 12 12 14 12 12 11 9 9 IMF charges 0 1 0 0 0 0 0 0 0 0 Short-term debt ..2 2 1 1 1 1 1 0 0 Net transfers on debt .. 37 51 52 85 32 12 15 -5 -6 Total debt service paid (TDS) ..9 42 39 40 36 41 39 31 29 Lon--term debt 1 6 40 38 36 31 34 29 21 21 IMF repurchases and cbarges 0 1 1 0 3 5 6 9 9 8 Short-term debt (interest only) ..2 2 1 1 1 1 1 0 0 . G( RE(A..-TF N ET REN,O LRC-E F[O01~SX AD NE I TR.NSFERS 00Nli-iE RNi, NET RESOURCE FLOWS 8 74 205 178 238 169 274 258 188 108 Net flow of long-termn debt (ex. IMF) 1 35 69 60 86 58 31 27 23 7 Foreign direct investment (net) 0 0 1 1 1 0 0 2 1 1 Portfotio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 7 39 135 117 151 112 243 229 164 100 Memo: technicat coop. giants 10 45 61 73 80 59 s0 45 30 27 official net resource flows 8 76 210 180 239 171 275 257 188 107 private net resource flows 0 -3 -5 -2 -1 -1 -1 1 0 NET TRANSFERS 8 72 189 164 220 154 259 244 177 98 Interest on long-term debt 0 2 12 12 14 12 12 11 9 9 Profit remittances on FDI 0 0 3 2 4 3 3 3 2 1 Memo: official net transfers 8 76 198 168 225 159 262 246 179 98 private nct transfers 0 -4 -9 -4 -6 -4 -4 -2 -2 0 3. NI.XJOR E( ONOMIIC AG'GREG ATLS Gross national product (GNP) 235 922 1,117 1,156 1,072 965 912 988 886 947 Exports of goods & services (XGS) ... 98 128 108 100 104 139 57 100 of which workers remittanices ...0 0 0 0 0 0 0 0 Imports of goods & servces (MGS) ... 341 358 347 310 286 300 159 156 International reserves (RES) 15 105 112 148 180 170 211 216 146 118 Current account balance ... -69 -33 -60 -28 -17 -8 -40 4 41. [DEBT INDIC XTORS EDT /XGS ()... 928.7 751.0 943.2 1,064.6 1,083.1 831.1 1,973.5 1,062.3 EDT' GNP (% . 18.0 81.2 83.3 95.4 110.0 123.1 117.2 127.1 112.5 TDS /XGS %)... 43.4 30.6 36.5 36.2 39.5 27.7 53.5 29.0 INT XGS ()... 14.4 10.8 14.5 13.0 12.6 8.5 16.8 8.9 INT /GNP (% . 0.5 1.3 1.2 1.5 1.3 1.4 1.2 1.1 0.9 RES /EDT (% . 63.2 12.3 15.3 17.6 16.0 18.8 18.7 13.0 11.1 RES /MGS (months) ... 3.9 4.9 6.2 6.6 8.9 8.7 11.0 9.1 Short-term / EDT (%/) .. 7.2 1.5 1.4 1.3 0.5 0.5 1.3 0.7 1.5 Concessional /'EDT (% . 62.6 85.9 86.8 87.1 89.1 90.1 90.4 92.3 92.8 Multilateral / EDT (%) .. 35.7 72.8 74.7 74.6 77.0 78.4 80.0 81.8 81.9 125 BURUNDI (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG- f ERNM DEBT DEBT OUTSTANDING (LDOD) 7 118 851 901 947 998 1,062 1,095 1,081 1,022 Public and publicly guaranteed 7 118 851 901 947 998 1,062 1,095 1,081 1,022 Official creditors 6 110 842 895 943 995 1,060 1,093 1,080 1,021 Multilateral 5 59 660 719 763 817 881 926 921 872 Concessional 1 55 598 661 710 768 833 880 882 840 Bilateral 1 51 182 176 180 179 179 167 159 149 Concessional 1 49 182 176 180 179 179 167 159 149 Private creditors 2 8 9 6 4 3 2 2 1 1 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 5 1 0 0 0 0 0 0 0 Otherprivate 1 4 8 6 4 3 2 2 1 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 0 0 0 0 0 0 0 0 0 IDA 1 37 398 440 473 509 556 591 588 567 DISBURSEMENTS 1 39 96 85 107 77 53 45 35 19 Public and publicly guaranteed 1 39 96 85 107 77 53 45 35 19 Official creditors 1 39 94 85 107 77 53 45 35 19 Multilateral 1 21 64 67 85 69 48 41 34 16 Conce,ssional 0 20 61 65 82 68 47 40 33 16 Bilateral 0 18 30 18 23 7 5 4 1 3 Concessional 0 18 30 18 23 7 5 4 1 3 Private creditors 0 0 2 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 2 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memno: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 12 49 40 49 36 28 27 17 12 PRINCIPAL REPAYMENTS 0 4 28 25 22 19 22 18 12 12 Public and publicly guaranteed 0 4 28 25 22 19 22 18 12 12 Official creditors 0 1 19 23 20 18 21 17 12 12 Multilateral 0 0 11 12 13 11 15 12 11 12 Concessional 0 0 6 7 7 8 10 8 5 8 Bilateral 0 1 8 10 6 7 6 5 1 0 Concessional 0 1 8 10 6 7 6 5 1 0 Private creditors 0 3 8 3 2 1 1 1 1 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 5 1 0 0 0 0 0 0 Other private 0 1 3 1 2 1 1 1 1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 1 2 2 2 3 3 4 NET FLOWS ON DEBT 1 35 69 60 86 58 31 27 23 7 Public and publicly guaranteed 1 35 69 60 86 58 31 27 23 7 Official creditors 1 38 75 63 88 59 32 28 23 7 Multilateral 1 20 53 55 71 58 33 29 23 4 Concessional 0 20 55 58 74 60 37 32 28 8 Bilateral 0 17 22 8 17 1 -1 -1 1 3 Concessional 0 17 22 8 17 1 -1 -1 1 3 Private creditors 0 -3 -6 -3 -2 -1 -l -1 -1 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -1 -5 -1 0 0 0 0 0 0 Other private 0 -1 -1 -1 -2 -1 -1 -1 -1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 12 48 38 48 35 26 24 14 7 126 BURUNDI (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0 2 12 12 14 12 12 11 9 9 Public and publicly guaranteed 0 2 12 12 14 12 12 11 9 9 Official creditors 0 1 11 12 14 12 12 11 9 9 Multilateral 0 1 9 9 11 9 9 9 9 9 Concessional 0 0 5 5 6 6 6 6 6 7 Bilateral 0 0 2 3 3 3 3 2 0 0 Concessional 0 0 2 3 3 3 3 2 0 0 Private creditors 0 1 1 1 0 0 0 0 0 0 Bonds00 0 0 0 0 0 0 0 0 Commercial banks 0 1 1 0 0 0 0 0 0 0 Other private 0 0 1 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 3 3 3 3 4 5 4 5 NET TRANSFERS ON DEBT 1 33 56 48 72 46 19 16 14 -2 Public and publicly guaranteed 1 33 56 48 72 46 19 16 14 -2 Official creditors 1 37 64 51 74 47 19 17 15 -2 Multilateral 1 20 44 45 61 50 24 20 14 -5 Concessioflal 0 20 51 53 68 55 31 26 22 1 Bilateral 0 17 20 6 13 -3 -5 -3 1 3 Concessional 0 17 20 6 13 -3 -5 -3 1 3 Private creditors 0 -4 -7 -3 -2 -l -1 -l -1 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -2 -6 -1 0 0 0 0 0 0 Other private 0 -2 -1 -2 -2 -l -1 -1 -1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 00 0 0 0 0 IDA 0 1 1 45 35 44 31 21 20 10 3 DEBT SERVICE (LTDS) 1 6 40 38 36 31 34 29 21 21 Public and publicly guaranteed 1 6 40 38 36 31 34 29 21 21 Official creditors 1 2 30 35 33 30 33 28 21 21 Multilateral 1 1 20 22 24 20 24 20 20 21 Concessional 0 0 10 12 13 14 16 15 11 15 Bilateral 0 1 10 13 10 10 9 8 1 0 Concessional 0 1 10 13 10 10 9 8 1 0 Private creditors 0 4 9 3 2 1 1 1 1 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 6 1 0 0 0 0 0 0 Other private 0 2 4 2 2 1 1 1 1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 4 4 5 5 6 8 7 9 UNDISBURSED DEBT 2 184 459 476 426 410 369 311 232 145 Official creditors 2 184 459 476 426 410 368 311 232 145 Privateecreditors 0 0 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 2 104 780 836 891 946 1,012 1~047 1,~041 989 Variable rate LDOD 0 0 0 0 0 0 0 0 0 0 Public sector LDOD 6 117 850 900 946 998 1,062 1,095 1,081 1,022 Private sector LDOD 2 1 2 2 2 0 0 0 0 0 6. CUtRREWNC CENINPOSIT'ION OF [ONG- rERNI DEBTiPERC E%.Ti Deutsche mark 17.8 1.8 0.5 0.4 0.2 0.1 0.1 0.1 0.1 0.1 French franc 0.0 1.1 4.4 5.6 5.8 5.5 5.8 6.1 5.8 5.3 Japanese yen 0.0 0.0 2.0 2.4 2.8 3.0 3.1 2.9 2.6 2.5 Pound sterling 0.0 0. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 15.1 34.4 50.3 51.8 52.4 52.9 53.5 54.9 55.3 56.4 Multiple currency 34.2 16.1 21.6 22.0 21.0 21.5 22.0 22. 4 22.9 22.2 Special drawing rights 0.0 0.0 2.8 2.8 2.5 2.3 2.3 2.0 1.9 1.8 All other currencies 32.9 46.6 18.4 14.9 15.3 14.8 13.2 11.6 11.5 11.6 127 BURUNDI (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RESTIRLTCTIIRINUS Total amount rescheduled 0 0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven 105 15 5 0 0 16 0 0 Memo: interest forgiven 1 0 0 0 0 1 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 S. DEBT STOCK-FLO'A RECONCILI.ATION Total change in debt stocks 19 56 59 39 62 35 -31 -61 Net flows on debt ..65 66 101 45 25 26 4 3 Net change in interest arrears ... -1 0 1 1 0 1 3 4 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ... -105 -15 -5 0 0 -16 0 0 Cross-currency valuation ... 16 0 -12 -4 12 1 1 -11 -18 Residual ... 43 5 -26 -3 24 12 -27 -50 9*..%%ERAGE I'ERNlS OF NEI~ CO'MMIflIENTS ALL CREDITORS Interest (%) 2.9 1.3 0.9 1.2 0.7 1.1 0.8 0.8 0.0 0.0 Maturity (years) 4.7 41.9 40.1 40.3 40.9 28.0 21.0 38.0 0.0 0.0 Grace period (years) 2.2 9.0 10.3 10.1 10.1 10.1 11.0 9.8 0.0 0.0 Grant element (%) 20.3 73.6 78.7 77.0 80.5 71.0 71.4 78.4 0.0 0.0 Official creditors Interest (% 2.3 1.3 0.9 1.2 0.7 1.1 0.8 0.8 0.0 0.0 Maturity (years) 4.8 41.9 40.1 40.3 40.9 28.0 21.0 38.0 0.0 0.0 Grace period (years) 2.5 9.0 10.3 10.1 10.1 10.1 11.0 9.8 0.0 0.0 Grant element (%) 22.5 73.6 78.7 77.0 80.5 71.0 71.4 78.4 0.0 0.0 Private creditors Interest (% 7.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 3.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 3.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 1 102 126 101 82 71 7 39 0 0 Official creditors 1 102 126 101 82 71 7 39 0 0 Private creditors 0 0 0 0 0 0 0 0 0 0 III. CONTR ACTUAL OBLIG ATIIONS ON O.ILTST .kNDING L.ONG-TERM DEB'f 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAIL Disbursements 54 39 24 13 7 3 1 1 0 0 Principal 36 36 33 34 33 32 33 33 34 35 Interest I11 10 10 9 9 8 8 7 7 7 Official creditors Disbursements 54 39 24 13 7 3 1 1 0 0 Principal 35 36 33 34 33 32 33 33 34 35 Interest 1 1 10 10 9 9 8 8 7 7 7 Bilateral creditors Disbursements 10 7 4 3 1 1 1 1 0 0 Principal 14 15 12 12 1 1 9 8 7 7 7 Interest 3 2 2 2 2 2 1 1 1 1 Multilateral creditors Disbursements 44 32 19 1 1 6 2 1 0 0 0 Principal 22 21 21 22 22 22 25 26 27 28 Interest 8 8 8 7 7 7 6 6 6 6 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 128 CAMBODIA (US$ millionz, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. 3LMMA\ RY DEBT DATA TOTAL DEBT STOCKS (EDT) .. .. 1,854 1,862 1,840 1,829 1,915 2,035 2,100 2,129 Long-term debt (LDOD) .. .. 1,688 1,689 1,680 1,685 1,745 1,946 2,013 2,031 Public and publicly guaranteed .. .. 1,688 1,689 1,680 1,685 1,745 1,946 2,013 2,031 Private nonguaranteed .. 0 0 0 0 0 0 0 0 Use of IMF credit 0 0 27 27 15 9 30 72 69 65 Short-term debt .. .. 140 146 145 135 140 17 19 33 of which interest arrears on LDOD .. .. 107 114 113 104 110 5 5 7 Official creditors .. .. 106 114 113 103 110 5 5 7 Private creditors .. .. 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD .. .. 393 223 328 447 577 588 708 828 Official creditors .. 393 222 328 447 577 588 708 828 Private creditors .. 0 0 0 0 0 0 0 0 Memo: export credits .. 8 8 8 13 22 17 10 13 TOTAL DEBT FLOWS Disbursements .. .. 0 0 0 14 75 128 77 40 Long-term debt .. .. 0 0 0 5 55 85 77 40 IMF purchases 0 0 0 0 0 9 20 43 0 0 Principal repayments .. .. 0 0 11 15 0 4 4 4 Long-term debt .. .. 0 0 0 0 0 4 4 4 IMF repurchases 0 0 0 0 11 15 0 0 0 0 Net flows on debt .. .. 15 -1 -11 -1 73 106 74 49 of which short-term debt .. .. 15 -1 0 0 -2 -18 1 13 Interest payments (INT) .. .. 30 16 2 19 2 2 6 6 Long-term debt .. .. 29 15 1 0 0 1 4 5 IMF charges 0 0 0 0 0 18 1 1 1 1 Short-term debt .. .. 1 1 1 1 1 1 1 1 Net transfers on debt .. .. -15 -17 -13 -21 71 103 68 43 Total debt service paid (TDS) .. .. 30 16 13 34 2 6 10 10 Long-term debt .. .. 29 15 1 0 0 5 8 9 IMF repurchases and charges 0 0 0 0 11 33 1 1 1 1 Short-term debt (interest only) .. .. 1 1 1 1 1 1 1 1 2. AGGREC ATE NET RESOURCE FOFl% S. AND NET TRANSFERS l.ONG-TERM!i NET RESOURCE FLOWS .. .. 23 41 132 235 287 544 572 415 Net flow of long-term debt (ex. IMF) .. .. 0 0 0 5 55 81 73 36 Foreign direct investment (net) .. .. 0 0 33 54 69 151 294 203 Portfolio equity flows .. .. 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) .. .. 23 41 99 176 163 312 206 176 Memo: technical coop. grants .. .. 19 50 108 135 129 154 169 155 official net resource flows .. .. 23 41 99 181 218 381 281 215 private net resource flows .. .. 0 0 33 54 69 164 290 200 NET TRANSFERS .. .. -6 26 131 234 284 541 568 411 Interest on long-term debt .. .. 29 15 1 0 0 1 4 5 Profit remittances on FDI .. .. 0 0 0 2 2 2 0 0 Memo: official net transfers .. .. -6 26 98 181 217 380 277 211 private net transfers .. .. 0 0 33 53 67 162 290 200 3. MAJOR ECONONIIC AGGREGA'T ES Gross national product (GNP) .. .. 1,115 1,633 1,977 2,220 2,409 2,938 3,144 3,045 Exports of goods & services (XGS) .. .. .. .. 323 357 557 989 829 922 of which workers remittances .. .. .. .. 9 9 10 10 10 10 Imports of goods & services (MGS) .. .. .. .. 528 608 933 1,442 1,385 1,310 International reserves (RES) .. .. .. .. .. .. .. Current account balance .. .. .. .. -93 -104 -157 -186 -185 -210 4. T)EBT INDICATORS EDT/XGS (%J .. .. .. .. 569.2 512.2 344.1 205.8 253.4 230.8 EDT / GNP (%) .. .. 166.4 114.0 93.1 82.4 79.5 69.3 66.8 69.9 TDS / XGS (%) .. .. .. .. 4.0 9.6 0.3 0.6 1.2 1.1 INT / XGS (%) .. .. .. .. 0.6 5.4 0.3 0.2 0.7 0.6 INT GNP (%) .. .. 2.7 1.0 0.1 0.9 0.1 0.1 0.2 0.2 RES EDT(%) .. .. .. .. .. .. .. RES / MGS (months) .. .. .. .. .. Short-term / EDT (%) .. .. 7.5 7.9 7.9 7.4 7.3 0.8 0.9 1.5 Concessional / EDT (%) .. .. 91.0 90.7 91.3 92.1 90.9 93.0 93.6 93.3 Multilateral / EDT (%) .. .. 0.1 0.1 0.0 0.3 3.0 5.8 8.9 10.1 129 CAMBODIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-TrERMN DEBI DEBT OUTSTANDING (LDOD) ..1,688 1,689 1,680 1,685 1,745 1,946 2,013 2,031 Publie and publicly guaranteed ... 1,688 1,689 1,680 1,685 1,745 1,946 2,013 2,031 Official creditors 1,688 1,688 1,680 1,685 1.745 1,934 2,003 2,025 Multilateral 1 1 0 5 58 118 188 215 Concessional 1 1 0 5 58 118 188 215 Bilateral ..1,686 1,687 1,680 1,680 1,687 1,816 1,815 1,810 Concessional 1,686 1,687 1,680 1,680 1,683 1,776 1,778 1.771 Private creditors 0 0 0 0 0 13 10 6 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 13 10 6 Private nonguaranteed ...0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 39 65 108 132 DISBURSEMENTS ..0 0 0 5 55 85 77 40 Public and publicly guaranteed ..0 0 0 5 55 85 77 40 Official creditors 0 0 0 5 55 69 77 40 Multilateral 0 0 0 5 50 61 77 40 Concessional 0 0 0 5 50 61 77 40 Bilateral 0 0 0 0 4 9 0 0 Concessional 0 0 0 0 0 9 0 0 Private creditors 0 0 0 0 0 16 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 16 0 0 Private nonguaranteed ..0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 38 25 46 30 PRINCIPAL R-EPAYMENTS ..0 0 0 0 0 4 4 4 Public and publicly guaranteed 0 0 0 0 0 4 4 4 Official creditors 0 0 0 0 0 1 1 1 Multilateral 0 0 0 0 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 Bilateral 0 0 0 0 0 1 1 1 Concessional 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 3 3 3 Bonids 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 3 3 3 Private nonguaranteed ..0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT ..0 0 0 5 55 81 73 36 Public and publicly guaranteed ...0 0 0 5 55 81 73 36 Official creditors 0 0 0 5 55 68 76 39 Multilateral 0 0 0 5 50 61 77 40 Concessional 0 0 0 5 s0 61 77 40 Bilateral 0 0 0 0 4 8 -1 -1 Concessionial 0 0 0 0 0 9 0 0 Private creditors 0 0 0 0 0 13 -3 -3 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 00 0 0 0 Other private 0 0 0 0 0 13 -3 -3 Private nonguaranteed .. 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 38 25 46 30 130 CAMBODIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 29 15 1 0 0 1 4 5 Public and publicly guaranteed ..29 15 1 0 0 1 4 5 Official creditors 29 15 1 0 0 1 4 5 Muttilateral ...0 0 1 0 0 1 1 2 Concessionial 0 0 1 0 0 1 1 2 Bilateral ..29 15 0 0 0 0 3 3 Concessional 29 15 0 0 0 0 1 1 Private creditors ..0 0 0 0 0 0 0 0 Bonds ..0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 Private nonguaranteed ..0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 1 1 NET TRANSFERS ON DEBT -29 -15 -1 5 54 80 68 232 Public and publicly guaranteed .. -29 -15 -1 5 54 80 68 32 Official creditors -29 -15 -1 5 54 67 72 35 Multilateral 0 0 -1 5 50 60 76 39 Concessional 0 0 -1 5 50 60 76 39 Bilateral ... -29 -15 0 0 4 8 -4 -4 Concessional .. -29 -15 0 0 0 9 -1 -1 Private creditors .*0 0 0 0 0 13 -3 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Other private ..0 0 0 0 0 13 -3 -3 Private nonguaranteed ..0 0 0 0 0 0 0 0 Bonds ..0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 38 24 45 30 DEBT SERVICE (LTDS) .. 29 15 1 0 0 5 8 9 Public and publicly guaranteed 29 15 1 0 0 5 8 9 Official creditors .. 29 15 1 0 0 2 5 6 Mfultilateral 0 0 1 0 0 1 1 2 Concessional ...0 0 1 0 0 1 1 2 Bilateral .. 29 15 0 0 0 1 4 4 Conicessional 29 15 0 0 0 0 1 1 Private creditors 0 0 0 0 0 3 3 3 Bonds ..0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 3 3 3 Private nonguaranteed ..0 0 0 0 0 0 0 0 Bonds ...0 0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 0 0 0 Memo-. IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 1 1 UNDISBURSED DEBT .. 651 16 7 128 131 201 212 226 Official creditors . . 651 16 7 128 115 201 212 226 Private creditors ..0 0 0 0 16 0 0 0 Memorandum items Concessional LDOD ... 1,688 1,688 1,680 1,685 1,741 1,894 1.965 1,985 Variable rate LDOD ...0 0 0 0 0 0 0 0 Public sector LDOD . . 1,688 1,689 1,680 1,685 1,745 1,946 2,013 2,031 Private sector LDOD ..0 0 0 0 0 0 0 0 6. CL. RRENCI CONMPOSFU ION OF LON(,-TERNM DEBT IPERCE-NTi Deutsche mark ... 0.4 0.4 0.0 0.0 0.0 0.3 0.2 0.2 French franc ... 0.5 0.5 0.4 0.4 0.4 1.0 0.9 1.1 Japanese yen ... 0.6 0.6 0.6 0.7 0.7 1.2 1.1 0.9 Pound sterling ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 12.6 12.6 12.6 12.5 14.6 20.2 21.7 22.3 Multiple currency ... 0.0 0.0 0.0 0.3 1.1 2.7 4.0 4.1 Special drawing rights ... 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.0 All other currencies . 86.0 86.0 86.4 86.1 83.2 74.6 72.1 71.4 131 CAMBODIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RESr7RUCtTURINGS Total amount rescheduled ..0 1,363 0 0 0 240 12 5 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled ..0 1,363 0 0 0 109 7 3 Official 0 1,363 0 0 0 108 7 3 Private . 0 0 0 0 0 0 0 Interest rescheduled ..0 0 0 0 0 103 4 2 Official ..0 0 0 0 0 103 4 2 Private ..0 0 0 0 0 0 0 0 Debt forgiven 0 0 7 0 0 6 0 0 Memo: interest forgiven ..0 0 4 0 0 7 00 Debt stock reduction 0 0 0 0 0 0 0 0 of which debt buvback ..0 0 0 0 0 0 0 0 !8. DEBT STOck-FLOII REC'ONCiLLA rio N Total change in debt stocks 167 7 -22 -11 86 120 65 28 Net flows on debt ... 15 -1 -11 -1 73 106 74 49 Net change in interest arrears ... 11 8 -1 -10 7 -105 0 1 Interest capitalized ...0 0 0 0 0 103 4 2 Debt forgiveness or reduction ...0 0 -7 0 0 -6 0 0 Cross-currency valuation ...3 0 -1 1 3 2 -4 -6 Residual ... 138 0 -2 0 3 20 -8 -18 9..-%% FRAr.ET'ERN1 OF NE%W CONINIITIENIUS ALL CREDITORS Interest (0/1) .. 0.0 0.0 0.0 0.9 0.7 1.8 3.3 1.1 Maturity (years) ... 0.0 0.0 0.0 39.9 25.0 37.5 39.7 38.3 Grace period (years) ... 0.0 0.0 0.0 10.4 6.7 9.7 10.2 9.7 Grant element (%) ... .0 0.0 0.0 79.6 58.5 69.8 57.9 76.0 Official creditors Interest (%) ... 0.0 0.0 0.0 0.9 1.1 1.8 3.3 1.1 Maturity (years) ... 0.0 0.0 0.0 39.9 33.6 37.5 39.7 38.3 Grace period (years) .. 0.0 0.0 0.0 10.4 9.2 9.7 10.2 9.7 Grant elemenit (%i) ... 0.0 0.0 0.0 79.6 73.2 69.8 57.9 76.0 Private creditors Interest (%) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (yars) ... 0.0 0.0 0.0 0.0 5.0 0.0 0.0 0.0 Grace period (years) ... 0.0 0.0 0.0 0.0 1.0 0.0 0.0 0.0 Grant element (Si) ... 0.0 0.0 0.0 0.0 24.3 0.0 0.0 0.0 Memorandum items Commitments ...0 0 0 127 53 161 94 75 Official creditors . .0 0 0 127 37 161 94 75 Private creditors ...0 0 0 0 16 0 0 0 Il. CON-r RA*UtTL 4LOBi.I(; I lIONS ON) OLTISTl %NDEN.G LONG-TER-N! DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOT-AL Disbursements 58 59 46 32 18 7 3 1 1 0 Principal 132 131 128 38 40 42 44 46 46 47 Interest 9 9 10 10 10 10 9 10 tO 11 Official creditors Disbursements 58 59 46 32 18 7 3 1 1 0 Principal 129 128 128 38 40 42 44 46 46 47 Interest 9 9 10 10 10 10 9 io to it Bilateral creditors Disbursements 3 4 3 2 1 1 1 0 0 0 Principal 129 128 128 38 40 40 41 41 39 36 Interest 6 6 6 6 5 5 5 4 4 3 Multilateral creditors Disbursements 55 55 44 30 17 6 3 1 0 0 Principal 0 0 0 0 0 2 3 5 8 1 1 Interest 3 3 4 4 5 5 5 5 6 7 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 3 3 0 0 0 0 0 0 0 0 Interest 00 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 3 3 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 132) CAMEROON (US$ milliont, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SLUNI[MARfl D018T DAT A TOTAL DEBT STOCKS (EDT) -. 2,588 6,679 6,898 7,415 7,456 8,326 9,346 9,542 9,293 Long-term debt (LDOD) 145 2,251 5,598 5,782 6,523 6,505 7,537 8,259 8,210 7,886 Public and publicly guaranteed 136 2,073 5,368 5.597 6,269 6,236 7,304 8,062 8,001 7,688 Private nonguaranteed 9 178 230 184 254 269 233 197 209 198 Use of IMF credit 0 59 121 121 63 16 44 51 72 93 Short-term debt .. 278 960 996 830 935 745 1,036 1,260 1,314 of which interest arrears on LDOD ..9 191 376 296 484 264 395 788 185 Official creditors ..3 87 209 188 361 134 247 650 78 Private creditors ..6 105 166 108 123 130 147 138 108 Memo: principal arrears on LDOD ..7 350 600 448 651 538 620 774 490 Official creditors ..2 103 228 126 255 198 243 377 170 Private creditors ..5 247 372 322 396 340 376 398 320 Memo: export credits ... 2,193 2,221 2,228 2,246 2,575 2,797 2,719 2,471 TOTAL DEBT FLOWS Disbursements 40 626 718 433 669 499 478 121 230 296 Lung-term debt 40 614 718 422 669 499 447 108 201 259 IlMF purchases 0 12 0 11 0 0 31 13 29 37 Principal repayments 6 131 270 214 203 282 204 217 248 281 Long-termn debt 6 114 269 202 149 235 198 211 242 270 IMF repurchases 0 17 1 12 54 47 6 6 6 11 Net flows on debt 33 495 685 70 380 134 305 64 -188 673 of which short-term debt ... 237 -148 -86 -83 30 160 -169 657 Interest payments (INTl . 149 252 213 191 189 181 214 262 232 Long-term debt 5 119 198 170 152 156 155 173 235 189 IMF charges 0 2 11 10 8 3 2 2 3 3 Short-term debt .. 28 43 33 31 30 24 39 24 40 Net transfers on debt .. 346 433 -143 189 -55 123 -150 -449 440 Total debt service paid (TDSJ . 280 522 427 394 471 385 431 510 513 Long-term debt 11 233 467 372 300 391 353 384 477 459 IMF repurchases and charges 0 19 13 22 62 50 7 9 9 15 Short-term debt (interest only) .. 28 43 33 31 30 24 39 24 40 2..-AGGREG; ATE NEI RESOURCE FL OW S AN D NE.I FUR.XNSFE RS iLONG-TERNI I NET RESOURCE FLOWS 70 659 649 464 753 379 573 109 234 171 Net flow of long-term debt (ex. IMF) 33 500 449 220 520 264 249 -103 -41 -ii Foreign direct investment (net) 16 130 -113 -15 29 5 -9 7 35 45 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 21 29 313 259 204 110 333 205 240 137 Miemo: technical coop. grants 17 85 128 123 134 122 101 124 117 97 official net resource flows 44 250 774 468 651 368 641 167 222 155 private net resource flows 26 409 -125 -5 103 it -68 -58 12 16 NET TRANSFERS 61 425 451 294 601 223 418 -64 - 1 -18 Interest on long-term debt 5 119 198 170 152 156 155 173 235 189 Profit remittances on FDI 4 115 0 0 0 0 0 0 0 0 Memo: official niet transfers 40 208 649 339 564 238 507 14 1 -19 private net transfers 21 216 -198 -46 38 -15 -90 -79 -2 1 3. Nt *J01ECONONUC %GGREGATES Gross national product (GNP) 1,025 5,618 10,950 12,134 10,765 11,161 7,305 7,436 8,519 8,506 Exports of goods & services (XGS) 306 1,824 2,345 2,542 2,409 2,090 1,764 2,097 2,284 2,520 of which workers remittances 0 1 1 61 50 36 44 23 28 67 60 Imports of goods & services (MGS) 329 2,478 2,468 2,564 2,750 2,647 2,087 2,189 2,469 2,667 International reserves (RES) .. 206 37 54 30 14 14 15 14 10 Current account balance .. -445 -551 -336 -366 -512 -56 90 4. DEBI INDICATORS EDT! XGS (%) .. 141.9 284.8 271.4 307.8 356.8 471.9 445.6 417.8 368.7 EDT/ GNP (% . 46.1 61.0 56.8 68.9 66.8 114.0 125.7 112.0 109.3 TDS /XGS (% . 15.3 22.2 16.8 16.3 22.5 21.8 20.6 22.3 20.4 INT / XGS (%) .. 8.2 10.7 8.4 7.9 9.0 10.3 10.2 11L5 9.2 INT / GNP (%) .. 2.7 2.3 1.8 1.8 1.7 2.5 2.9 3.1 2.7 RES,!EDT(%) .. 8.0 0.6 0.8 0.4 0.2 0.2 0.2 0.1 0.1 RES / MGS (mouiths) .. 1.0 0.2 0.3 0.1 0.1 0.1 0.1 0.1 0.0 Short-term!/ EDT (%) .. 10.8 14.4 14.4 11.2 12.5 9.0 11.1 13.2 14.1 Concessional / EDT (%) .. 33.7 27.4 27.0 31.5 33.3 42.1 43.9 43.6 42.6 Multilateral!/ EDT (%) .. 16.7 19.7 20.9 19.7 19.2 20.0 18.0 16.4 15.8 133 CAMEROON (US$ million, linless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 LO-N;- rERNI DFBTl DEBT OUTSTANDING (LDOD) 145 2,251 5,598 5,782 6,523 6,505 7,537 8,259 8,210 7,886 Public and publicly guaranteed 136 2,073 5,368 5,597 6,269 6,236 7,304 8,062 8,001 7,688 Official creditors 124 1,237 3,885 4,065 4,998 5,038 6,292 7,112 7,182 7,109 Multilateral 20 432 1,317 1,440 1.458 1,429 1,665 1,678 1,568 1,465 Concessional 12 210 341 339 337 335 558 611 670 735 Bilateral 104 805 2,568 2,625 3,539 3,609 4,627 5,434 5,614 5,644 Concessional 95 663 1,488 1,526 2,002 2,149 2,949 3,494 3,486 3,220 Private creditors 12 836 1,484 1,532 1,271 1,198 1,012 950 819 580 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 193 503 493 442 406 415 418 365 310 Other private 12 643 981 1,040 829 793 597 532 455 269 Private nonguaranteed 9 178 230 1,84 254 269 233 197 209 198 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 9 178 230 184 254 269 233 197 209 198 Memo; IBRD 3 152 651 724 723 707 695 639 520 410 IDA 9 146 238 235 232 227 406 443 513 609 DISBURSEMENTS 40 614 718 422 669 499 447 108 201 259 Public and publicly guaranteed 29 564 665 393 542 419 440 108 176 245 Official creditors 27 250 559 318 528 395 440 108 176 245 Multilateral 10 72 200 195 130 72 280 82 106 147 Concessional 6 22 2 4 14 9 217 38 85 122 Bilateral 18 178 359 123 398 324 159 26 70 98 Concessional 15 120 106 87 366 302 154 26 70 98 Private creditors 1 314 107 74 14 24 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commer-cial banks 0 115 11 1 0 0 0 0 0 0 Other private 1 199 97 74 14 24 0 0 0 0 Private nonguaranteed 11 50 53 29 127 80 7 0 25 14 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 11 50 53 29 127 80 7 0 25 14 Memo: IBRD 3 28 75 123 54 59 22 6 6 6 IDA 4 19 0 0 0 0 180 35 84 120 PRINCIPAL REPAYMENTS 6 114 269 202 149 235 198 211 242 270 Public and publicly guaranteed 5 82 139 127 91 170 155 183 229 244 Official creditors 4 29 97 109 82 137 131 146 194 227 Multilateral 0 10 68 85 60 102 119 130 146 163 Concessional 0 2 7 5 7 8 9 10 10 30 Bilateral 4 19 29 23 21 35 12 16 48 64 Concessional 3 12 17 17 13 29 4 3 4 20 Private creditors 0 53 41 i8 10 33 24 36 35 17 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 18 28 6 0 16 23 26 29 12 Other private 0 35 14 12 10 17 1 11 7 6 Private nonguaranteed 2 32 130 75 57 65 43 28 13 25 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 32 130 75 57 65 43 28 1 3 25 Memo: IBRD 0 4 42 63 30 87 82 92 82 76 IDA 0 1 3 4 2 5 4 4 5 5 NET FLOWS ON DEBT 33 500 449 220 520 264 249 -103 -41 -11 Public and publicly guaranteed 24 482 527 266 451 249 284 -75 -53 1 Official creditors 23 221 461 209 447 258 308 -39 -18 18 Multilateral 9 63 131 110 70 -30 161 -49 -40 -17 Concessional 6 21 -4 -2 7 1 209 28 75 92 Bilateral 14 159 330 100 377 289 147 10 22 35 Concessional 12 109 89 70 353 273 150 24 67 79 Private creditors 1 261 66 57 4 -9 -24 -36 -35 -17 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 97 -17 -5 0 -1L6 -23 -26 -29 -12 Other private 1 164 83 62 4 7 -1 -11 -7 -6 Private nonguaranteed 9 18 -77 -46 69 15 -35 -28 12 -11 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 9 18 -77 -46 69 15 -35 -28 12 -11 Memo: IBRD 3 24 33 60 24 -28 -60 -85 -76 -70 IDA 4 19 -3 -4 -2 -5 176 31 80 115 134 CAMEROON (US$ million, uinless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 5 119 198 170 152 156 155 173 235 189 Public and publicly guaranteed 4 104 181 152 114 136 141 163 230 179 Official creditors 4 42 125 129 87 130 134 152 221 174 Multilateral 1 18 73 97 65 96 112 80 100 91 Concessional 0 2 4 4 3 3 4 6 4 10 Bilateral 3 24 5 2 33 22 34 23 72 121 82 Concessional 2 13 28 25 13 21 15 48 33 51 Private creditors 1 62 56 23 27 6 6 10 9 6 Bonds 0 0 0 0 0 0 0 0 0 0 Comnmercial banks 0 23 40 10 25 2 6 5 7 2 Other private 1 39 16 13 2 4 1 5 2 4 Private nonguaranteed 1 15 17 18 38 20 15 11 5 10 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 15 17 18 38 20 15 11 5 10 Memo: IBRD 0 13 49 64 33 87 58 56 47 37 IDA 0 1 2 2 I 3 2 3 3 4 NET TRANSFERS ON DEBT 28 381 252 50 368 108 93 -277 -276 -200 Public and publicly guaranteed 19 378 346 114 337 113 144 -238 -283 -178 Official creditors 19 180 336 80 360 128 174 -191 -239 -155 Multilateral 9 45 59 13 5 -126 49 -129 -140 -108 Concessional 6 19 -89 -6 4 -2 205 23 71 82 Bilateral 11 135 277 67 355 254 125 -62 -99 -47 Concessional 10 96 61 45 340 252 136 -24 34 28 Private creditors 0 199 10 34 -23 -15 -31 -47 -44 -23 Bonds 0 0 0 00 0 0 0 0 0 Commercial banks 0 73 -57 -1-5 -25 -17 -29 -31 -36 -13 Other private 0 125 66 49 2 2 -2 -16 -8 -10 Private nonguaranteed 9 3 -94 -65 32 -5 -50 -39 7 -21 Bonds 0 0 0 1)0 0 0 0 0 0 Commercial banks 9 3 -94 -65 32 -5 -50 -39 7 -21 Memo: IBRD 3 12 -16 -4 -9 -114 -119 -141 -123 -107 IDA 4 18 -4 -6 -3 -8 174 28 76 11(1 DEBT SERVICE (LTDS) it 233 467 372 300 391 353 384 477 459 Public and publicly guaranteed 9 186 320 278 205 306 296 345 459 423 Official creditors 8 71 222 238 168 267 265 299 415 400 Multilateral 1 28 141 182 126 198 231 211 246 255 Concessional 0 4 11 9 10 11 13 15 14 40 Bilateral 7 43 81 56 43 70 34 88 169 146 Concessional 6 25 46 42 26 50 18 50 36 70 Private creditors 1 115 98 41 37 39 31 47 44 23 Bonds 0 0 0 0 0 (10 0 0 0 Commercial banks 0 42 67 16 25 17 29 31 36 13 Other private 1 74 30 25 12 21 2 16 8 10 Private nonguaranteed 2 47 147 94 95 85 58 39 18 35 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 47 147 94 95 85 58 39 18 35 Memo: IBRD 0 17 91 127 63 173 140 147 129 113 IDA 0 2 4 6 3 8 6 8 8 10 UNDISBURSED DEBT 104 619 1,844 1,937 1,586 1,454 1,341 1,111 991 816 Official creditors 103 545 1,526 1,683 1,344 1,248 1,125 1,021 987 812 Private creditors 1 74 318 254 243 206 216 90 4 4 Memorandum items Concessional LDOD 107 873 1,829 1,864 2,340 2,484 3,507 4,105 4,156 3,955 Variable rate LDOD 9 499 854 923 1,216 1,234 1,276 1,290 1,371 1,482 Public sector LDOD 128 2,006 5,245 5,477 6,162 6,139 7,233 7,985 7,929 7,628 Private sector LDOD 17 245 353 305 361 366 304 274 281 257 6. CLRRENCV'I CONIPOSITION% OF LO.%C-TERM% DEBT iPERCENT'i Deutsche mark 10.7 8.6 16.9 17.2 16.3 15.7 16.7 17.5 17.7 14.5 French franc 15.8 36.8 31.4 31.9 35.3 37.2 34.1 34.6 35.0 31.0 Japanese yen 0.0 0.0 0.3 0.3 0.3 0.3 0.4 0.3 0.3 0.3 Pound sterling 2.8 2.0 2.3 2.2 1.6 1.6 1.2 1.0 1.0 0.6 Swiss franc 0.0 0.0 1.1 1.0 1.0 1.0 1.1 1.1 1.0 0.8 U.S.dollars 22.7 19.2 11.0 10.1 10.4 10.1 11.9 11.4 12.5 25.8 Multiple currency 4.9 10.5 16.5 18.1 16.6 16.5 14.6 12.5 10.7 9.2 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 0.2 0.2 All other currencies 43.1 22.9 20.4 19.2 18.6 17.5 20.0 21.3 21.6 17.7 '35 CAMEROON (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. D)EBT RESr1R UC-lU RING.S Total amount rescheduled 0 0 75 0 988 0 1,298 642 656 988 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 26 0 408 0 493 298 187 416 Official 0 0 7 0 215 0 244 204 147 306 Private 0 0 19 0 193 0 248 94 40 110 Interest rescheduled 0 0 22 0 386 0 475 155 67 566 Official 0 0 6 0 102 0 376 131 59 538 Private 0 0 16 0 283 0 99 25 8 28 Debt forgiven .. 10 22 29 0 533 0 1 83 Memo: interest forgiven 0 0 0 0 13 0 0 92 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 00 0 0 0 8. DEBTr STOC K-FLO%l RECONCILIA TION Total change in debt stocks 1,239 219 518 41 870 1,020 196 -249 Net flows on debt 685 70 380 134 305 64 -188 673 Net change in interest arrears 115 184 -80 188 -220 131 393 -602 Interest capitalized ..22 0 386 0 475 155 67 566 Debt forgiveness or reduction -10 -22 -29 0 -533 0 -1 -83 Cross-currency valuation 554 -48 -337 -306 588 535 -481 -683 Residual .. -128 35 198 25 255 136 405 -119 9. Wk%ERAGF TERMNS OF NEWA C.OM'IITNIENrS ALL CREDITORS Interest (% 4.7 6.9 6.6 6.1 4.5 4.9 2.3 2.2 1.3 0.5 Maturity (years) 28.4 23.3 15.5 19.7 19.5 18.1 31.9 26.7 35.2 38.8 Grace period (years) 8.0 5.9 5.3 5.4 7.1 10.2 9.4 8.0 8.8 9.3 Grant element (%) 39.9 25.9 21.3 25.5 37.7 36.3 63.7 58.8 71.7 81.6 Official creditors Interest (% 4.6 6.1 6.6 6.0 4.3 4.9 2.3 2.2 1.3 0.5 Maturity (years) 28.8 24.8 15.5 20.2 20.3 18.1 31.9 26.7 35.2 38.8 Grace period (yeaTs) 8.1 6.3 5.3 5.6 7.4 10.2 9.4 8.0 8.8 9.3 Grant element (%) 40.4 30.6 21.4 26.7 39.7 36.3 63.7 58.8 71.7 81.6 Private creditors Interest (%) 6.0 14.7 7.0 9.5 8.1 0.0 0.0 0.0 0.0 0.0 Maturity (years) 7.2 8.2 13.2 7.1 7.4 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.7 2.4 2.7 0.6 2.9 0.0 0.0 0.0 0.0 0.0 Grant element (%) 13.0 -21.2 14.4 0.8 6.5 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 42 170 479 580 272 347 403 143 351 25 Official creditors 41 155 473 554 255 347 403 143 351 25 Private creditors 1 15 6 25 16 0 00 0 0 1u. C(O'-.RAC'fl'l. IOBLIG.ArIONS ONOUF ST ANDI)lG LONCG-TERM~ D)EBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAIL Disbursements 231 223 155 98 57 29 16 4 3 1 Principal 275 212 303 388 431 461 485 499 447 390 Interest 197 217 307 377 357 333 310 286 253 233 Official creditors Disbursements 228 222 155 98 57 29 16 4 3 1 Principal 246 189 266 357 403 446 470 483 444 387 Interest 186 207 296 366 347 325 302 277 252 233 Bilateral creditors Disbursements 113 100 62 35 19 10 5 3 2 1 Principal III 62 146 234 287 346 378 397 368 325 Interest 125 151 244 320 307 291 273 253 233 217 Multilateral creditors Disbursements 115 121 93 64 38 19 11 1 1 0 Principal 135 127 120 123 116 100 93 85 76 62 Interest 61 57 52 47 40 34 29 24 20 16 Private creditors Disbursemnents 3 1 0 0 0 0 0 0 0 0 Principal 29 23 37 31 29 15 15 17 4 4 Interest 11 10 I11 1 1 10 9 9 9 1 1 Commercial banks Disbursements 3 1 0 0 0 0 0 0 0 0 Principal 2 2 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 27 21 37 31 29 15 15 17 4 4 Interest 10 10 11 I1I 10 9 9 9 1 1 136 CAPE VERDE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. StiNl7sLAR'I DEBT DAT.% TOTAL DEBT STOCKS (EDT) .. 20.8 135.3 135.0 142.1 149.4 179.7 220.3 210.6 220.0 Long-term debt (LDOD) .. 20.8 130.6 130.3 136.1 141.6 168.6 189.4 202.4 210.9 Public and publicly guaranteed .. 20.8 130.6 130.3 136.1 141.6 168.6 189.4 202.4 210.9 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.0 4.7 4.7 6.0 7.8 11.1 30.9 8.2 9.1 of which interest arrears on LDOD .. 0.0 2.3 2.3 2.0 3.8 5.1 6.2 7.1 6.1 Official creditors .. 0.0 1.9 1.9 1.6 3.4 4.6 5.5 6.3 5.5 Private creditors .. 0.0 0.4 0.4 0.4 0.4 0.5 0.7 0.8 0.5 Memo: principal arrears on LDOD .. 0.0 11.1 10.4 10.6 16.9 21.2 25.9 29.8 28.1 Official creditors .. 0.0 10.4 9.9 9.8 15.8 19.9 24.4 28.0 25.9 Private creditors .. 0.0 0.7 0.5 0.8 1.1 1.3 1.6 1.8 2.2 Memo: export credits ... 11.0 13.0 13.0 13.0 13.0 19.0 28.0 27.0 TOTAL DEBT FLOWS Disbursements .. 3.3 12.1 5.3 18.2 10.3 28.5 21.4 23.6 24.1 Long-term debt .. 3.3 12.1 5.3 18.2 10.3 28.5 21.4 23.6 24.1 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments .. 0.1 3.7 5.9 8.1 3.7 4.6 3.3 3.2 7.7 Long-term debt .. 0.1 3.7 5.9 8.1 3.7 4.6 3.3 3.2 7.7 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt .. 3.2 10.7 -0.6 11.6 6.6 26.0 36.8 -3.2 18.4 of which short-term debt . . 2.4 0.0 1.6 0.0 2.0 18.7 -23.6 2.0 Interest payments (INT) .. 0.2 2.0 2.8 3.1 1.8 1.9 2.6 2.6 4.1 Long-term debt .. 0.1 1.9 2.7 2.9 1.6 1.7 1.8 2.4 4.0 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.1 0.1 0.1 0.1 0.1 0.2 0.8 0.3 0.1 Net transfers on debt .. 3.0 8.7 -3.4 8.6 4.8 24.1 34.2 -5.8 14.3 Total debt service paid (TDS) .. 0.3 5.7 8.7 11.2 5.5 6.4 5.8 5.8 11.8 Long-term debt .. 0.2 5.6 8.6 11.1 5.3 6.2 5.1 5.5 11.7 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 0.1 0.1 0.1 0.1 0.1 0.2 0.8 0.3 0.1 2..-%G(GREG A.IEL NET RESOLIRC E FLO1% %S AND NET TR-xNS%I-ERS iLONG-TlLRM%TI NET RESOURCE FLOWS .. 43.2 86.5 69.4 72.0 67.4 88.8 89.4 97.1 90.4 Net flow of long-term debt (ex. IMF) .. 3.2 8.3 -0.6 10.0 6.6 24.0 18.1 20.4 164 Foreign direct investment (net) .. 0.0 0.0 1.0 -1.0 3.0 2.0 10.0 12.0 13.0 Portfolio equity flows .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) .. 40.0 78.2 69.0 63.0 57.8 62.8 61.3 64.7 61.0 Memo: technical coop. grants .. 11.9 20.4 35.0 49.0 43.1 37.9 40.5 37.7 35.2 official net resource flows .. 43.2 86.7 68.6 73.2 64.4 86.8 75.2 79.8 76.2 private net resource flows .. 0.0 -0. 1 0.8 -1.1 3.0 2.0 14.2 17.3 14.2 NET TRANSFERS .. 43.1 84.7 66.7 69.1 65.8 87.1 87.6 94.8 86.4 Interest on long-term debt .. 0.1 1.9 2.7 2.9 1.6 1.7 1.8 2.4 4.0 Profit remittances on FDI .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers .. 43.1 84.8 66.0 70.3 62.8 85.1 73.4 77.8 73.4 private net transfers .. 0.0 -0. 1 0.7 -1.2 3.0 2.0 14.2 17.0 13.0 3. NIA.J0OR ECONOMIC U (CREGAT E' Gross national product (GNP) .. 110.1 306.5 319.8 359.3 327.4 343.7 414.5 418.6 419.3 Exports of goods & services (XGS) .. 62.8 113.3 111.4 130.0 128.0 148.1 190.8 196.1t 213.0 of which workers remittances .. 40.1 46.4 53.0 74.0 74.0 83.0 104.0 92.0 74.0 Imports of goods & services (MGS) .. 87.5 156.4 155.4 198.0 185.0 234.0 301.0 285.0 295.0 International reserves (RES) .. 42.4 . .. .. Current account balance .. 4.3 -3.8 -7.0 -12.1 -23.9 -45.7 -61.6 -35.0 -29.7 4. DEUBTr %DIc ATroRs EDT/XGS (% . 33.1 119.4 121.1 109.3 116.7 121.4 115.5 107.4 103.3 EDT/GNP(% . 18.9 44.1 42.2 39.6 45.6 52.3 53.1 50.3 52.5 TDS/'XGS (%) .. 0.4 5.1 7.8 8.6 4.3 4.3 3.1 2.9 5.5 INT/XGS (%) .. 0.3 1.8 2.5 2.4 1.4 1.3 1.4 1.3 1.9 INT /GNP (%) .. 0.2 0.7 0.9 0.9 0.5 0.5 0.6 0.6 1.0 RES /EDT (%) .. 204.0...... . RES /MGS (months) .. 5.8 -.. .. .. Short-term / EDT (%) .. 0.0 3.4 3.5 4.2 5.2 6.2 14.0 3.9 4.1 Concessional / EDT (%) .. 97.7 70.6 72.9 73.5 72.4 75.4 68.8 76.2 78.3 Multilateral / EDT (%) .. 82.6 64.3 65.4 68.2 69.4 74.3 67.4 72.8 72.4 137 CAPE VERDE (USS million, untless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LON%G-[TER-M DEB[ DEBT OUTSTANDING (LDOD) .. 20.8 130.6 130.3 136.1 141.6 168.6 189.4 202.4 210.9 Public and publicly guaranteed .. 20.8 130.6 130.3 136.1 141.6 168.6 189.4 202.4 210.9 Official creditors .. 20.8 128.1 128.0 133.9 139.4 166.5 183.0 190.6 198.0 Multilateral .. 17.2 87.0 88.3 96.9 103.6 133.6 148.4 153.4 159.3 Concessional .. 17.2 68.4 71.9 79.1 83.4 113.2 127.0 133.4 143.0 Bilateral .. 3.6 41.2 39.7 37.0 35.8 32.9 34.6 37.3 38.6 Concessional .. 3.1 27.0 26.5 25.4 24.7 22.3 24.5 27.1 29.1 Private creditors .. 0.0 2.5 2.3 2.2 2.2 2.2 6.4 11.8 13.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 2.5 2.3 2.2 2.2 2.2 6.4 11.8 13.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 13.6 16.6 17.1 20.6 26.6 33.0 39.3 45.1 DISBURSEMENTS .. 3.3 12.1 5.3 18.2 10.3 28.5 21.4 23.6 24.1 Public and publicly guaranteed .. 3.3 12.1 5.3 18.2 10.3 28.5 21.4 23.6 24.1 Official creditors .. 3.3 12.1 5.3 18.2 10.3 28.5 17.1 18.3 21.7 Multilateral .. 3.2 6.0 4.8 17.0 10.3 28.0 14.9 15.4 20.2 Concessional .. 3.2 6.0 4.8 13.1 5.6 27.1 13.7 14.5 20.0 Bilateral .. 0.0 6.1 0.5 1.2 0.0 0.6 2.2 2.9 1.4 Concessional .. 0.0 0.7 0.5 1.2 0.0 0.6 2.2 2.9 1.4 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 4.2 5.3 2.4 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.0 0.0 0.0 0.0 0.0 4.2 5.3 2.4 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.0 2.7 1.2 3.5 5.0 6.0 7.6 8.3 PRINCIPAL REPAYMENTS .. 0.1 3.7 5.9 8.1 3.7 4.6 3.3 3.2 7.7 Public and publicly guaranteed .. 0.1 3.7 5.9 8.1 3.7 4.6 3.3 3.2 7.7 Official creditors .. 0.1 3.6 5.7 8.0 3.7 4.6 3.3 3.2 6.5 Multilateral .. 0.0 2.5 4.2 5.1 2.8 3.8 2.6 2.9 4.8 Concessional .. 0.0 1.0 2.2 3.9 1.2 1.5 1.3 1.2 2.9 Bilateral .. 0.1 1.1 1.5 2.9 0.9 0.7 0.7 0.2 1.7 Concessional .. 0.0 0.2 0.8 1.6 0.5 0.3 0.2 0.2 1.1 Private creditors .. 0.0 0.1 0.2 0.1 0.0 0.0 0.0 0.0 1.2 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.1 0.2 0.1 0.0 0.0 0.0 0.0 1.2 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 NET FLOWS ON DEBT .. 3.2 8.3 -0.6 10.0 6.6 24.0 18.1 20.4 16.4 Public and publicly guaranteed .. 3.2 8.3 -0.6 10.0 6.6 24.0 18.1 20.4 16.4 Official creditorS . 3.2 8.5 -0.4 10.2 6.6 24.0 13.9 15.1 15.2 Multilateral .. 3.2 3.5 0.6 11.9 7.5 24.2 12.3 12.4 15.4 Concessional .. 3.2 5.1 2.7 9.2 4.4 25.6 12.4 13.3 17.1 Bilateral .. 0.0 4.9 -1.0 -1.7 -0.9 -0.2 1.6 2.7 -0.3 Concessional .. 0.0 0.6 -0.3 -0.4 -0.5 0.2 2.0 2.7 0.4 Private creditors .. 0.0 -0.1 -0.2 -0.1I 0.0 0.0 4.2 5.3 1.2 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 -0. 1 -0.2 -0.1I 0.0 0.0 4.2 5.3 1.2 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonids .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.0 2.7 1.2 3.4 4.9 5.9 7.4 8.2 138 CAPE VERDE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) .. 0.1 1.9 2.7 2.9 1.6 1.7 1.8 2.4 4.0 Public and publicly guaranteed .. 0.1 1.9 2.7 2.9 1.6 1.7 1.8 2.4 4.0 Official creditors .. 0.1 1.9 2.6 2.9 1.6 1.7 1.8 2.0 2.8 Multilateral .. 0.0 1.2 2.0 1.9 1.4 1.5 1.7 1.8 2.0 Concessional .. 0.0 0.5 1.0 0.9 0.4 0.6 0.7 0.8 1.3 Bilateral .. 0.1 0.7 0.6 1.0 0.2 0.2 0.1 0.2 0.8 Concessional .. 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.2 0.4 Private creditors .. 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.3 1.2 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.3 1.2 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.3 NET TRANSFERS ON DEBT .. 3.1 6.5 -3.3 7.1 5.0 22.3 16.3 18.1 12.4 Public and publicly guaranteed .. 3.1 6.5 -3.3 7.1 5.0 22.3 16.3 18.1 12.4 Official creditors .. 3.1 6.6 -3.0 7.3 5.0 22.3 12.1 13.1 12.3 Multilateral .. 3.2 2.3 -1.3 10.0 6.1 22.7 10.6 10.6 13.4 Concessional .. 3.2 4.6 1.7 8.4 4.0 25.0 11.7 12.5 15.8 Bilateral .. -0. 1 4.3 -1.6 -2.7 -1.1 -0.3 1.5 2.5 -1.1 Concessional .. 0.0 0.6 -0.3 -0.5 -0.6 0.1 2.0 2.5 0.0 Private. creditors .. 0.0 -0. 1 -0.3 -0.2 0.0 0.0 4.2 5.0 0.1 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 -0.1 -0.3 -0.2 0.0 0.0 4.2 5.0 0.1 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.9 2.6 1.1 3.3 4.7 5.7 7.2 7.9 DEBT SERVICE (LTDS) .. 0.2 5.6 8.6 11.1 5.3 6.2 5.1 5.5 11.7 Public and publicly guaranteed .. 0.2 5.6 8.6 11.1 5.3 6.2 5.1 5.5 11.7 Official creditors .. 0.2 5.5 8.3 10.9 5.3 6.2 5.1 5.2 9.3 Multilateral .. 0.0 3.7 6.2 7.0 4.2 5.3 4.3 4.8 6.8 Concessional .. 0.0 1.4 3.2 4.7 1.6 2.1 2.0 2.1 4.1 Bilateral .. 0.1 1.8 2.1 3.9 1.1 0.9 0.7 0.4 2.5 Concessional .. 0.0 0.2 0.8 1.7 0.6 0.4 0.3 0.4 1.4 Private creditors .. 0.0 0.1 0.3 0.2 0.0 0.0 0.0 0.3 2.4 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.1 0.3 0.2 0.0 0.0 0.0 0.3 2.4 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonids .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.2 0.2 0.4 0.4 0.4 UNDISBURSED DEBT .. 60.7 99.9 106.1 124.2 161.3 175.8 168.7 132.9 114.0 Official creditors .. 60.7 99.9 106.1 124.2 161.3 163.8 160.9 130.5 114.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 12.0 7.8 2.4 0.0 Memorandum items Concessional LDOD .. 20.3 95.5 98.4 104.4 108.2 135.5 151.5 160.5 172.2 Variable rate LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD .. 20.8 130.6 130.3 136.1 141.6 168.6 189.4 202.4 210.9 Private sector LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CURRENCI'L')NIPONITION OF l.ONG-TrERNI DEBT IPERCENTi Deutsche mark .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 77.5 38.1 38.5 35.1 35.9 34.0 37.0 41.8 46.3 Multiple currencyv. 0.5 15.9 14.6 12.7 11.3 8.8 7.4 6.0 5.5 Special drawing rights .. 0.0 0.1 0.6 0.8 1.8 3.3 3.6 3.7 3.9 All other currencies .. 22.0 45.9 46.3 51.4 51.0 53.8 52.1 48.5 44.3 139 CAPE VERDE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 *7. DEBI RESTRI CTURIN(,S Total amount rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.6 Debt stock rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.9 Official .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.9 Private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 Official .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 Private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 8.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S. DFBI SrOC IK-FL()%% RECONL. ILI1ATiON Total change in debt stocks ... 8.0 -0.3 7.2 7.2 30.4 40.5 -9.7 9.4 Net flows on debt ... 10.7 -0.6 11.6 6.6 26.0 36.8 -3.2 18.4 Net change in interest arrears ... 0.0 0.1 -0.3 1.8 1.3 1.1 0.9 -1.1 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 Debt forgiveness or reduction ... -8.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 3.9 -0.2 -2.8 -1.1 4.5 2.4 -3.0 -5.9 Residual ... 1.0 0.5 -1.4 0.0 -1.4 0.2 -4.5 -2.7 q* A% LR.%(GE TLR:1N, OF NE%% CONIl1ll1rNIFN FS ALL CREDITORS Interest (%) .. 3.1 1.5 0.5 2.0 2.0 3.2 0.8 0.8 0.7 Maturity (years) .. 17.8 35.6 34.7 29.4 31.0 21.8 39.8 39.8 50.0 Grace period (years) .. 5.3 8.7 10.2 7.0 8.0 5.0 10.3 10.3 10.6 Grant element (%) .. 45.2 70.9 78.0 61.7 62.4 45.2 80.6 80.6 83.5 Official creditors Interest (% . 3.1 1.5 0.5 2.0 2.0 2.5 0.8 0.8 0.7 Maturity (years) .. 17.8 35.6 34.7 29.4 31.0 25.9 39.8 39.8 50.0 Grace period (years) .. 5.3 8.7 10.2 7.0 8.0 6.1 10.3 10.3 10.6 Grant element I%) .. 45.2 70.9 78.0 61.7 62.4 54.2 80.6 80.6 83.5 Private creditors Interest (%) .. 0.0 0.0 0.0 0.0 0.0 5.0 0.0 0.0 0.0 Maturity (years) .. 0.0 0.0 0.0 0.0 0.0 12.0 0.0 0.0 0.0 Grace period (years) .. 0.0 0.0 0.0 0.0 0.0 2.5 0.0 0.0 0.0 Grant element (%) .. 0.0 0.0 0.0 0.0 0.0 23.4 0.0 0.0 0.0 Memorandum items Commitments .. 43.8 35.9 11.2 49.0 48.6 41.3 11.5 11.4 10.3 Official creditors .. 43.8 35.9 11.2 49.0 48.6 29.3 11.5 11.4 10.3 Private creditors .. 0.0 0.0 0.0 0.0 0.0 12.0 0.0 0.0 0.0 lii. CON1 R.%C FL,%.L OB 01 lU TIONS ON 0)1-S'] T.%%Di NG LOING-IERN1 DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 35.9 29.4 19.8 12.1 7.6 4.2 2.8 1.0 0.0 0.0 Principal 13.1 14.3 12.3 12.3 10.9 11.3 11.8 11.9 12.0 10.7 Interest 3.4 3.5 3.5 3.4 3.3 3.2 2.9 2.7 2.4 2.2 Official creditors Disbursements 35.9 29.4 19.8 12.1 7.6 4.2 2.8 1.0 0.0 0.0 Principal 11.9 13.1 11.1 11.1 9.7 10.1 10.6 10.7 10.8 10.7 Interest 2.9 3.1 3.1 3.1 3.0 2.9 2.8 2.6 2.4 2.2 Bilateral creditors Disbursements 5.2 3.4 2.0 1.2 0.7 0.4 0.4 0.2 0.0 0.0 Principal 4.2 4.2 2.5 2.3 1.6 2.1 2.1 2.1 2.1 1.7 Interest 0.7 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.4 0.4 Multilateral creditors Disbursements 30.7 26.0 17.7 10.9 6.9 3.7 2.5 0.7 0.0 0.0 Principal 7.7 8.9 8.5 8.8 8.1 8.0 8.5 8.6 8.8 8.9 Interest 2.2 2.4 2.5 2.5 2.4 2.4 2.2 2.1 2.0 1.8 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 0.0 Interest 0.5 0.5 0.4 0.3 0.3 0.2 0.2 0.1 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 0.0 Interest 0.5 0.5 0.4 0.3 0.3 0.2 0.2 0.1 0.0 0.0 140 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SIJNEIARY DEBI 0 D T A' TOTAL DEBT STOCKS (EDT) .. 194.7 698.5 794.2 813.9 875.1 888.0 946.0 932.8 885.3 Long-term debt (LDOD) 24.1 146.5 624.1 716.9 729.6 773.2 802.4 853.9 850.4 803.7 Public and publicly guaranteed 24.1 146.5 624.1 716.9 729.6 773.2 802.4 853.9 850.4 803.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 23.5 36.7 33.3 30.4 28.8 41.4 34.9 27.6 18.6 Short-term debt .. 24.6 37.7 44.0 53.9 73.1 44.3 57.2 54.8 63.0 of which interest arrears on LDOD .. 10.6 15.0 18.3 27.9 39.1 25.3 35.7 38.5 45.0 Official creditors .. 1.7 13.1 16.4 24.6 35.3 23.7 31.7 37.2 43.8 Private creditors .. 8.8 1.9 1.9 3.3 3.7 1.5 4.0 1.3 1.2 Memo: principal arrears on LDOD .. 43.5 23.2 35.7 50.7 70.9 58.1 74.2 85.0 97.0 Official creditors .. 16.9 19.6 29.9 43.4 60.2 51.2 60.6 70.8 83.4 Private creditors .. 26.7 3.6 5.7 7.3 10.7 7.0 13.6 14.2 13.6 Memo: export credits ... 63.0 51.0 52.0 52.0 43.0 44.0 36.0 25.0 TOTAL DEBT FLOWS Disbursements 1.7 39.8 121.1 97.5 45.9 49.7 59.3 32.6 26.9 6.4 Long-term debt 1.7 25.2 112.8 97.5 45.9 49.7 44.0 32.6 26.9 6.4 IMF purchases 0.0 14.7 8.3 0.0 0.0 0.0 15.3 0.0 0.0 0.0 Principal repayments 2.4 6.7 17.4 6.9 6.8 3.3 12.4 10.0 8.0 9.4 Long-term debt 2.4 1.0 7.6 3.5 5.1 1.7 7.7 2.6 1.8 1.9 IMF repurchases 0.0 5.7 9.8 3.4 1.7 1.6 4.8 7.4 6.2 7.5 Net flows on debt -0.7 33.1 106.6 93.6 39.4 54.4 31.8 25.1 13.8 -1.3 of which short-term debt ... 2.9 3.0 0.3 8.0 -15.0 2.4 -5.1 1.7 Interest payments (INT) .. 3.3 11t.8 8.2 8.7 5.9 10.7 5.7 4.9 3.9 Long-term debt 0.7 0.4 9.0 5.9 6.6 3.5 8.1 3.5 3.4 2.3 IMF charges 0.0 0.8 1.2 0.7 0.3 0.2 0.7 1.0 0.8 0.7 Short-term debt .. 2.1 1.6 1.6 1.8 2.2 2.0 1.2 0.7 0.9 Net transfers on debt .. 29.8 94.9 85.4 30.7 48.4 21.1 19.3 8.9 -5.2 Total debt service paid (TDS) .. 10.0 29.1 15.1 15.5 9.2 23.2 15.7 12.9 13.3 Long-term debt 3.1 1.4 16.6 9.4 11.7 5.3 15.8 6.1 5.2 4.2 IMF repurchases and charges 0.0 6.5 11.0 4.1 1.9 1.8 5.4 8.4 7.0 8.2 Short-term debt (interest only) .. 2.1 1.6 1.6 1.8 2.2 2.0 1.2 0.7 0.9 2. %(GGRLG.%]'E NETr REI,(tLiR('E 1`1.0~'% .kND NFTrTRANSFERs it [ONG-rERIMI NET RESOURCE FLOWS 6.9 85.2 192.4 162.0 121.8 128.4 137.8 139.6 148.4 81.1 Net flow of long-term debt (ex. IMF) -0.7 24.1 105.2 94.0 40.8 47.9 36.3 30.0 25.1 4.4 Foreign direct investment (net) 1.2 5.3 1.0 -5.0 -11.0 -10.0 4.0 3.0 5.0 5.5 Por-tfolio equity tlows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 6.4 55.8 86.2 73.0 92.0 90.5 97.5 106.6 118.3 71.2 Memo: technical coop. grants 8.1 34.2 56.9 55.0 54.0 54.0 43.8 48.5 42.3 28.9 official net resource flows 6.8 80.8 192.0 167.3 133.4 138.4 134.0 136.6 143.4 75.6 private net resource flows 0.0 4.4 0.4 -5.3 -11.6 -10.0 3.8 3.0 5.0 5.5 NET TRANSFERS 4.8 84.9 181.4 154.7 115.2 124.9 129.2 135.5 144.0 77.6 Interest on long-term debt 0.7 0.4 9.0 5.9 6.6 3.5 8.1 3.5 3.4 2.3 Profit remnittances on FDI 1.4 0.0 2.1 1.5 0.0 0.0 0.5 0.6 1.0 1.3 Memo: official net transfers 6.5 80.5 183.9 162.0 126.8 134.9 126.0 133.1 140.0 73.3 private net transfers -1.8 4.3 -2.5 -7.4 -11.6 -10.0 3.2 2.4 4.0 4.2 3. NI '.JOR ECONOMIC %-GPRE(, ATES Gross national product (GNP) 186.4 799.5 1,464.9 1,388.2 1,418.6 1,280.0 832.2 1,119.7 1,067.0 1,003.3 Exports of goods & services (XGS) .. 205.4 220.4 181.6 167.4 186.2 179.0 232.1 193.7 215.9 of which workers remittances .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & services (MGS) .. 329.2 432.5 334.3 363.9 313.2 267.1 335.1 254.3 254.9 International reserves (RES) .. 61.7 122.9 106.9 103.8 116.3 214.3 237.9 236.3 181.8 Current account balance .. 43.1 -89.1 -61.8 -83.1 -13.0 -24.7 4. D)FBT INDIlc.% rORS EDT!XGS (% . 94.8 316.9 437.3 486.2 470.0 496.1 407.6 481.6 410.1 EDT /GNP (% . 24.3 47.7 57.2 57.4 68.4 106.7 84.5 87.4 88.2 TDS ,'XGS (% . 4.9 13.2 8.3 9.3 5.0 12.9 6.8 6.7 6.1 INT/XGS (% . 1.6 5.3 4.5 5.2 3.2 6.0 2.5 2.5 1.8 INT/GNP(% . 0.4 0.8 0.6 0.6 0.5 1.3 0.5 0.5 0.4 RES IEDT (% . 31.7 17.6 13.5 12.8 13.3 24.1 25.1 25.3 20.5 RES IMGS (months) .. 2.2 3.4 3.8 3.4 4.5 9.6 8.5 11-2 8.6 Short-term / EDT (%) .. 12.6 5.4 5.5 6.6 8.4 5.0 6.0 5.9 7.1 Concessional / EDT (% . 30.1 73.1 76.7 77.2 77.0 81.4 80.9 82.3 82.0 Multilateral / EDT (%) .. 27.4 65.2 62.6 62.1 61.1 66.8 67.3 69.2 68.5 14] CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 A. LONG-TERNI DEBT DEBT OUTSTANDING (LDOD) 24.1 146.5 624.1 716.9 729.6 773.2 802.4 853.9 850.4 803.7 Public and publicly guaranteed 24.1 146.5 624.1 716.9 729.6 773.2 802.4 853.9 850.4 803.7 Official creditors 17.9 98.3 602.6 695.8 709.4 751.9 784.8 835.6 836.2 790.1 Multilateral 0.2 53.3 455.5 497.2 505.4 534.8 593.2 636.2 645.2 606.7 Concessional 0.2 41.6 429.4 474.8 485.6 515.6 580.0 622.3 631.1 592.8 Bilateral 17.7 44.9 147.0 198.6 204.0 217.1 191.6 199.4 191.0 183.4 Concessional 14.8 17.0 81.5 134.2 142.9 158.6 142.6 142.6 136.9 133.5 Private creditors 6.1 48.3 21.6 21.2 20.2 21.3 17.6 18.4 14.2 13.6 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 6.1 48.3 21.6 21.2 20.2 21.3 17.6 18.4 14.2 13.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 28.8 265.1 290.3 299.5 323.2 377.2 414.0 422.0 403.0 DISBURSEMENTS 1.7 25.2 112.8 97.5 45.9 49.7 44.0 32.6 26.9 6.4 Public and publicly guaranteed 1.7 25.2 112.8 97.5 45.9 49.7 44.0 32.6 26.9 6.4 Official creditors 1.5 25.2 112.8 97.5 45.9 49.7 44.0 32.6 26.9 6.4 Multilateral 0.2 13.7 95.2 44.7 32.6 31.5 44.0 32.6 26.9 6.4 Concessional 0.2 13.5 93.6 42.3 32.1 31.5 44.0 32.0 26.9 5.3 Bilateral 1.3 11.5 17.6 52.9 13.3 18.1 0.0 0.0 0.0 0.0 Concessional 1.0 5.5 16.1 52.9 13.3 18.1 0.0 0.0 0.0 0.0 Private creditors 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 10.3 70.4 23.3 20.7 23.7 40.1 29.8 22.9 4.6 PRINCIPAL REPAYMENTS 2.4 1.0 7.6 3.5 5.1 1.7 7.7 2.6 1.8 1.9 Public and publicly guaranteed 2.4 1.0 7.6 3.5 5.1 1.7 7.7 2.6 1.8 1.9 Official creditors 1.1 0.1 7.0 3.3 4.5 1.7 7.5 2.6 1.8 1.9 Multilateral 0.0 0.1 3.2 3.0 4.3 1.7 6.4 2.6 1.8 1.9 Concessional 0.0 0.1 1.8 1.7 2.1 1.2 4.3 2.2 1.7 1.8 Bilateral 1.1 0.0 3.8 0.2 0.2 0.0 1.0 0.0 0.0 0.0 Concessional 0.5 0.0 0.9 0.2 0.2 0.0 1.0 0.0 0.0 0.0 Private creditors 1.4 0.9 0.6 0.3 0.6 0.0 0.2 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Otber private 1.4 0.9 0.6 0.3 0.6 0.0 0.2 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.1 0.5 0.5 0.8 1.0 1.2 1.3 1.4 1.3 NET FLOWS ON DEBT -0.7 24.1 105.2 94.0 40.8 47.9 36.3 30.0 25.1 4.4 Public and publicly guaranteed -0.7 24.1 105.2 94.0 40.8 47.9 36.3 30.0 25.1 4.4 Official creditors 0.4 25.0 105.8 94.3 41.4 47.9 36.5 30.0 25.1 4.4 Multilateral 0.2 13.6 92.0 41.6 28.3 29.8 37.5 30.0 25.1 4.4 Concessional 0.2 13.4 91.8 40.7 30.0 30.3 39.6 29.8 25.2 3.5 Bilateral 0.2 11.4 13.8 52.6 13.0 18.1 -1.0 0.0 0.0 0.0 Concessional 0.5 5.5 15.2 52.7 13.1 18.1 -1.0 0.0 0.0 0.0 Private creditors -1.2 -0.9 -0.6 -0.3 -0.6 0.0 -0.2 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private -1.2 -0.9 -0.6 -0.3 -0.6 0.0 -0.2 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 10.2 69.9 22.8 19.9 22.7 38.9 28.5 21.5 3.3 142 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0.7 0.4 9.0 5.9 6.6 3.5 8.1 3.5 3.4 2.3 Public and publicly guaranteed 0.7 0.4 9.0 5.9 6.6 3.5 8.1 3.5 3.4 2.3 Official creditors 0.3 0.3 8.1 5.3 6.6 3.5 8.0 3.5 3.4 2.3 Multilateral 0.0 0.3 5.1 4.9 3.7 3.4 7.8 3.5 3.3 2.3 Concessional 0.0 0.2 2.8 3.0 2.9 2.4 6.3 3.4 3.2 2.2 Bilateral 0.3 0.0 3.1 0.3 2.9 0.1 0.1 0.0 0.1 0.0 Concessional 0.2 0.0 1.9 0.3 2.7 0.0 0.1 0.0 0.0 0.0 Private creditors 0.4 0.1 0.8 0.6 0.0 0.0 0.1 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comnmercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.4 0.1 0.8 0.6 0.0 0.0 0.1 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.2 1.5 2.0 2.1 2.1 2.8 2.9 2.9 1.9 NET TRANSFERS ON DEBT .1.4 23.8 96.3 88.2 34.2 44.4 28.2 26.5 21.7 2.2 Public and publicly guaranteed .1.4 23.8 96.3 88.2 34.2 44.4 28.2 26.5 21.7 2.2 Official creditors 0.1 24.7 97.6 89.0 34.8 44.4 28.6 26.5 21.7 2.2 Multilateral 0.2 13.3 86.9 36.7 24.6 26.4 29.7 26.5 21.8 2.2 Concessional 0.2 13.2 88.9 37.7 27.1 27.9 33.3 26.4 22.0 1.3 Bilateral -0. 1 11.4 10.7 52.3 10.2 18.0 -1.1 0.0 -0.1I 0.0 Concessional 0.3 5.5 13.4 52.4 10.4 18.1 -1.1 0.0 0.0 0.0 Private creditors -1.6 -0.9 -1.4 -0.9 -0.6 0.0 -0.4 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private -1.6 -0.9 -1.4 -0.9 -0.6 0.0 -0.4 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBR.D 0.0 0. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.2 10.0 68.4 20.9 17.8 20.6 36.1 25.6 18.5 1.4 DEBT SERVICE (LTDS) 3.1 1.4 16.6 9.4 11.7 5.3 15.8 6.1 5.2 4.2 Public and publicly guaranteed 3.1 1.4 16.6 9.4 11.7 5.3 15.8 6.1 5.2 4.2 Official creditors 1.4 0.5 15.2 8.5 11.2 5.3 15.4 6.1 5.2 4.2 Multilateral 0.0 0.4 8.3 8.0 8.0 5.1 14.3 6.1 5.1 4.2 Concessional 0.0 0.3 4.6 4.7 4.9 3.6 10.6 5.6 4.9 4.1 Bilateral 1.4 0. 6.9 0.5 3.1 0.1 1.1 0.0 0.1 0.0 Concessional 0.6 0. 2.7 0.5 2.9 0.0 1.1 0.0 0.0 0.0 Private creditors 1.8 0.9 1.4 0.9 0.6 0.0 0.4 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 1.8 0.9 1.4 0.9 0.6 0.0 0.4 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.3 2.0 2.5 2.9 3.1 4.0 4.2 4.4 3.2 UNDISBURSED DEBT 12.6 60.7 235.8 234.4 231.3 187.0 133.3 119.1 83.0 65.5 Official creditors 10.8 60.7 235.8 234.4 231.3 187.0 133.3 119.1 83.0 65.5 Private creditors 1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD 15.1 58.6 510.9 608.9 628.5 674.2 722.6 765.0 768.0 726.3 Variable rate LDOD 0.0 2.8 0.0 0.0 0.0 0.0 5.2 6.3 5.8 5.1 Public sector LDOD 24.1 146.5 624.1 716.6 729.1 772.7 802.2 853.7 850.1 802.4 Private sector LDOD 0.0 0.0 0.0 0.3 0.5 0.5 0.2 0.3 0.2 1.2 6. CU RRENCY ( OrIPOS[TION OF LONG-TFRMt D)EIT iPERCENTi Deutsche mark 19.5 1.2 0.7 0.6 0.5 0.5 0.4 0.4 0.3 0.3 French franc 39.9 16.9 11.0 10.5 10.2 10.2 5.5 5.4 5.1 4.8 Japanese yen 0.0 0.0 0.7 0.7 0.7 0.7 0.7 0.7 0.6 0.6 Pound sterling 0.4 0.8 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 Swiss franc 0.0 7.5 2.6 2.1 1.9 1.8 2.6 2.8 2.4 2.4 U.S.dollars 1.7 35.8 43.6 47.1 49.0 50.6 55.3 56.2 57.5 58.8 Multiple currency 0.0 7.5 21.5 20.3 20.0 19.0 19.3 18.5 18.5 17.5 Special drawing rights 0.0 0.0 7.6 7.0 6.8 6.9 7.2 6.9 7.2 7.1 All other currencies 37.8 30.4 12.2 11.6 10.8 10.2 8.9 9.2 8.4 8.4 143 CENTRAL AFRICAN REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DIEBT RESTRUICTURINGS Total amount rescheduled 0.0 .. 4.4 0.0 0.0 0.0 38.5 7.6 0.0 0.0 Debt stock rescheduled 0.0 .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 .. 2.6 0.0 0.0 0.0 21.5 4.4 0.0 0.0 Official 0.0 .. 2.6 0.0 0.0 0.0 13.1 4.4 0.0 0.0 Private 0.0 .. 0.0 0.0 0.0 0.0 8.4 0.0 0.0 0.0 Interest rescheduled 0.0 .. 0.3 0.0 0.0 0.0 12.9 0.9 0.0 0.0 Official 0.0 .. 0.3 0.0 0.0 0.0 11.5 0.9 0.0 0.0 Private 0.0 .. 0.0 0.0 0.0 0.0 1.5 0.0 0.0 0.0 Debt forgiven ... 153.1 4.6 0.0 0.0 49.2 1.1 3.7 0.0 Memo: interest forgiven ... 4.4 0.0 0.0 0.0 4.5 0.2 3.5 0.0 Debt stock reduction 0.0 .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DLBir Sr'OLI-FLO%% RE(ONL. I-IA11ON~ Total change in debt stocks ... 5.0 95.7 19.7 61.2 12.9 57.9 -13.2 -47.5 Net flows on debt ... 106.6 93.6 39.4 54.4 31.8 25.1 13.8 -1.3 Net change in interest arrears ... -2.0 3.2 9.6 11.2 -13.8 10.5 2.7 6.5 Interest capitalized ... 0.3 0.0 0.0 0.0 12.9 0.9 0.0 0.0 Debt forgiveness or reduction ... -153.1 -4.6 0.0 0.0 -49.2 -1.1 -3.7 0.0 Cross-currency valuation ... 20.9 -2.0 -11.8 -7.7 7.6 11.5 -11.4 -14.4 Residual ... 32.0 5.5 -17.5 3.4 23.6 11.2 -14.7 -38.3 9. .A% ERACF. TERMri OF NF%% COIMTMTiNI'\S ALL CREDITORS Interest (%) 2.0 0.6 1.0 3.4 1.9 0.7 0.0 0.8 1.0 0.0 Maturity (years) 35.8 12.5 37.6 27.8 37.1 49.6 0.0 39.7 49.8 0.0 Grace period (years) 7.9 4.3 10.2 7.8 9.0 10.5 0.0 10.2 9.2 0.0 Grant element (%) 62.8 39.0 77.0 48.7 68.5 83.2 0.0 80.5 80.2 0.0 Official creditors Interest (%) 1.0 0.6 1.0 3.4 1.9 0.7 0.0 0.8 1.0 0.0 Maturity (years) 47.5 12.5 37.6 27.8 37.1 49.6 0.0 39.7 49.8 0.0 Grace period (years) 9.9 4.3 10.2 7.8 9.0 10.5 0.0 10.2 9.2 0.0 Grant element (%) 79.6 39.0 77.0 48.7 68.5 83.2 0.0 80.5 80.2 0.0 Private creditors Interest (%) 4.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 8.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 3.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 23.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 6.5 38.4 174.9 96.6 52.9 13.0 0.0 16.6 4.9 0.0 Official creditors 4.6 38.4 174.9 96.6 52.9 13.0 0.0 16.6 4.9 0.0 Private creditors 1.9 0.0 0.0 0.0 0.0 0.0 0.,0 0.0 0.0 0.0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 20.9 17.8 12.0 6.8 4.1 1.9 1.6 0.4 0.0 0.0 Principal 26.0 23.0 25.6 24.9 23.5 22.4 22.4 21.7 22.3 17.8 Interest 9.8 9.2 8.6 7.9 7.3 6.8 6.3 5.8 5.4 5.0 Official creditors Disbursements 20.9 17.8 12.0 6.8 4.1 1.9 1.6 0.4 0.0 0.0 Principal 26.0 23.0 25.6 24.9 23.5 22.4 22.4 21.7 22.3 17.8 Interest 9.8 9.2 8.6 7.9 7.3 6.8 6.3 5.8 5.4 5.0 Bilateral creditors Disbursements 0.7 0.5 0.4 0.3 0.2 0.2 0.1 0.1 0.0 0.0 Principal 11.6 11.6 12.8 11.7 11.1 10.1 9.3 8.1 8.2 2.9 Interest 4.6 4.1 3.7 3.2 2.7 2.3 1.9 1.5 1.2 0.9 Multilateral creditors Disbursements 20.2 17.3 11.6 6.6 3.9 1.7 1.4 0.2 0.0 0.0 Principal 14.4 11.4 12.8 13.1 12.4 12.3 13.0 13.6 14.1 14.9 Interest 5.3 5.1 4.9 4.7 4.6 4.5 4.4 4.3 4.2 4.1 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 144 CHAD (US5S million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SAINIMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 284 524 629 723 768 828 902 997 1,027 Long-term debt (LDOD) 33 259 464 560 671 713 759 833 914 939 Public and publicly guaranteed 33 259 464 560 671 713 759 833 914 939 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 3 14 31 31 30 28 43 49 65 61 Short-term debt .. 12 30 38 22 26 27 20 18 26 of whicb interest arrears on LDOD ..7 6 10 13 16 19 11 8 7 Official creditors .. 4 8 11 14 17 1 1 8 7 Private creditors ..2 2 2 2 2 2 0 0 0 Memo: principal arrears on LDOD .. 31 16 20 26 27 32 34 35 30 Official creditors .. 12 13 17 22 24 28 34 35 30 Private creditors .. 20 3 3 3 3 3 0 0 0 Memo: export credits ... 52- 53 51 45 34 63 85 77 TOTAL DEBT FLOWS Disbursements 10 5 112 92 143 58 83 72 123 92 Long-term debt 6 5 104 92 143 58 69 60 99 80 IMF purchases 4 0 8 0 0 0 15 13 24 1 1 Principal repayments 3 5 7 4 4 8 9 10 16 24 Long-term debt 3 3 3 4 4 6 8 3 10 12 IMFriepurchases 0 3 4 0 0 2 2 7 6 11 Net flows on debt 7 0 107 97 120 51 72 63 108 77 of wbich sbort-term debt -.. 2 9 -20 1 -2 1 2 9 Interest payments (INTl . 1 5 6 7 9 9 6 14 12 Long-term debt 0 0 3 5 6 8 8 4 13 10 IMFecharges 0 1 0 0 0 0 1 1 1 1 Short-term debt ..0 2 2 1 1 0 1 0 1 Net transfers on debt .. -1 102 91 113 42 63 57 94 65 Total debt service paid (TDS) ..6 12 11 11 17 18 16 30 35 Long-term debt 3 3 7 9 10 14 15 7 23 22 IMF repurcbases and cbarges 0 3 4 0 0 2 2 8 7 12 Sbort-term debt (interest only) ..0 2 2 1 1 0 1 0 1 2. AGGREG.ATE NET RESOL'R(C E FLOWSA~ND NET TRAN-.SFERS iLONG-TERMTi NET RESOURCE FLOWS 15 24 247 205 253 173 203 190 239 183 Net flow of long-term debt (ex. IMP) 3 3 100 88 139 52 61 56 89 68 Foreigni direct investment (ne~t) 1 0 0 4 2 15 27 13 18 15 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding tecbnical coop.) 11 22 147 113 112 106 115 121 132 101 Memo: tecbnical coop. grants 10 12 61 67 70 74 51 66 55 51 official net resource flows 13 24 248 202 252 159 176 177 221 168 private net resource flows 3 0 -1 4 2 14 27 13 18 15 NET TRANSFERS 13 24 244 200 259 165 195 186 227 173 Interest on tong-term debt 0 0 3 5 6 8 8 4 13 10 Profit remittances on FDI 2 0 0 0 -11 0 0 0 0 0 Memo: official net transfers 12 24 245 197 246 151 168 173 209 159 private net transfers 1 0 -t 3 13 14 27 13 18 14 3. 'MAJOR ECONOMIC AGGREGATES Gross national product (GNP) 470 1,038 1,592 1,771 1,784 1,373 1,152 1,409 1,605 1,574 Expor-ts of goods & services (XGS) .. 71 274 233 227 203 196 315 272 281 of whicb workers remittances ..0 0 0 0 0 1 0 0 0 Imports of goods & services (MGS) .. 83 512 469 482 466 424 575 582 602 International reserves (RES) .. 12 132 124 84 43 80 147 169 139 Current account balance .. 12 -46 -66 -86 -117 -38 4. DEBT INDic-VrORS EDT / XGS (% . 398.1 191.1 269.4 318.8 377.3 422.9 286.1 366.8 364.8 EDT /GNP (% . 27.4 32.9 35.5 40.5 55.9 71.9 64.0 62.1 65.2 TDS/XGS (%) . 8.4 4.4 4.5 4.8 8.4 9.2 5.0 11.1 12.5 LNT/XGS (% . 0.8 1.9 2.7 3.1 4.4 4.4 1.8 5.1 4.1 TNT /GNP (% . 0.1 0.3 0.4 0.4 0.7 0.8 0.4 0.9 0.7 RES /EDT (% . 4.2 25.2 19.7 11.6 5.6 9.7 16.3 16.9 J13.5 RES IMGS (montbs) .. 1.7 3.1 3.2 2.1 1.1 2.3 3.1 3.5 2.8 Short-term / EDT (%) .. 4.0 5.7 6.1 3.1 3.4 3.2 2.2 1.8 2.6 Concessional /1 EDT (% . 60.2 76.8 78.7 74.4 77.1 81.4 76.9 76.5 78.3 Multilateral / EDT (%) .. 26.2 63.4 63.6 70.2 72.3 72.8 74.8 73.5 72.9 145 CHAD (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-TERNI DEBIIU DEBT OUTSTANDING (LDOD) 33 259 464 560 671 713 759 833 914 939 Public and publicly guaranteed 33 259 464 560 671 713 759 833 914 939 Official creditors 25 205 4.55 552 664 708 753 831 897 922 Multilateral 2 75 332 400 508 555 603 675 733 749 Concessional 2 75 322 389 426 482 560 625 687 710 Bilateral 23 131 123 152 156 153 150 156 164 173 Concessional 23 97 80 105 112 110 114 69 77 94 Private creditors 8 54 9 8 7 6 6 2 17 17 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 1 0 0 0 0 0 0 0 0 Other private 7 53 9 8 7 6 6 2 17 17 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 36 186 235 259 284 332 379 433 457 DISBURSEMENTS 6 5 104 92 143 58 69 60 99 80 Public and publicly guaranteed 6 5 104 92 143 58 69 60 99 80 Official creditors 3 5 104 92 143 58 69 60 99 80 Multilateral 0 5 72 67 130 56 62 60 99 74 Concessional 0 5 71 66 55 55 62 60 99 74 Bilateral 3 0 32 25 13 3 6 0 0 6 Concessional 2 0 25 25 13 3 6 0 0 6 Private creditors 3 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 3 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 48 46 33 25 38 42 68 49 PRINCIPAIL REPAYMENTS 3 3 3 4 4 6 8 3 10 12 Public and publicly guaranteed 3 3 3 4 4 6 8 3 10 12 Official creditors 1 3 3 4 4 5 7 3 10 12 Multilateral 0 2 3 3 3 5 6 3 8 10 Concessional 0 2 2 2 3 1 6 2 7 6 Bilateral 1 1 0 1 1 1 2 1 2 3 Concessional 1 1 0 0 0 0 0 0 0 0 Private creditors 1 0 1 1 0 1 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 1 0 1 1 0 1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonids 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 1 1 0 2 1 2 2 NET FLOWS ON DEBT 3 3 100 88 139 52 61 56 89 68 Public and publicly guaranteed 3 3 100 88 139 52 61 56 89 68 Official creditors 1 3 101 89 140 53 61 57 89 68 Multilate-ral 0 3 69 64 127 51 56 57 91 64 Concessional 0 3 68 63 53 54 57 57 92 68 Bilateral 1 -1 32 25 13 2 5 -1 -2 4 Concessional 1 -1 25 25 13 3 6 0 0 6 Private creditors 2 0 -1 -1 0 -1 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 2 0 -1 -1 0 -1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 48 46 32 24 36 41 67 47 146 CH-AD (US$ million, unless otherwise intdicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0 0 3 5 6 8 8 4 13 10 Public and publicly guaranteed 0 0 3 5 6 8 8 4 13 10 Official creditors 0 0 3 5 6 8 8 4 13 10 Multilateral 0 0 2 3 4 6 6 4 9 7 Concessional 0 0 2 2 3 3 4 3 7 5 Bilateral 0 0 1 2 2 2 2 0 3 3 Concessional 0 0 1 1 1 2 1 0 0 0 Private creditoTS 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 1 2 2 3 3 3 3 NET TRANSFERS ON DEBT 3 3 97 83 134 44 53 52 76 58 Public and publicly guaranteed 3 3 97 83 134 44 53 52 76 58 Official creditors 1 3 98 84 134 45 54 52 77 58 Multilateral 0 3 67 61 123 45 51 53 82 58 CoDcessional 0 3 66 61 50 5 1 53 54 85 63 Bilateral 1 -1 31 23 1 1 0 3 -1 -5 0 Concessional 0 -1 24 24 12 1 5 0 0 6 Private creditors 2 0 -I -1 -1 -1 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 2 0 -1 -1 -l -1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comrmercialhbanks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 47 44 31 22 34 38 64 43 DEBT SERVICE (LTDS) 3 3 7 9 10 14 15 7 23 22 Public and publicly guaranteed 3 3 7 9 10 14 15 7 23 22 Official creditors 2 3 6 8 9 13 15 7 22 22 Multilateral 0 2 5 6 7 11 12 6 17 16 Concessional 0 2 4 5 6 4 10 6 14 11 Bilateral 2 1 1 2 2 2 3 1 5 6 Concessional 2 1 1 1 1 2 1 0 0 0 Private creditors 1 0 1 1 1 1 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 1 0 1 1 1 1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds000 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 2 2 3 2 4 4 5 5 UNDISBURSED DEBT 18 94 372 357 315 317 329 387 318 287 Official creditors 11 76 372 357 315 317 329 387 318 287 Private creditors 7 18 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 24 171 402 495 538 592 674 694 763 804 Variable rate LDOD 0 1 0 0 0 0 0 0 3 1 Public sector LDOD 33 259 464 559 671 713 758 833 914 939 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6. CUIRRENCY NC ONIlPOSFl ION OF LONG-TERM DEBT- iPER( ENT-i Deutsche mark 10.8 2.7 1.5 1.1 0.8 0.7 0.7 0.1 0.1 0.0 French franc 35.1 14.5 9.1 9.0 8.7 8.0 8.5 7.6 6.4 5.9 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 1.2 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 4.0 18.9 49.0 49.2 45.0 45.5 50.2 51.6 53.4 56.8 Multiple currency 3.7 9.7 25.7 25.7 22.9 24.2 26.6 26.3 25.4 23.2 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.2 All other currencies 44.9 54.1 14.6 14.9 22.5 21.6 14.0 14.2 14.5 13.9 147 CHAD (US$ million, uinless othzerwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RESI RL CTU'RIN(,S Total amount rescheduled 0 0 8 4 0 0 0 56 33 10 Debt stock rescheduled 0 0 0 4 0 0 0 0 0 0 Principal rescheduled 0 0 3 0 0 0 0 2 3 7 Official 0 0 3 0 0 0 0 1 3 7 Private 0 0 1 0 0 0 0 1 0 0 Interest rescheduled 0 0 1 0 0 0 0 7 1 2 Official 0 0 1 0 0 0 0 7 1 2 Private 0 0 0 0 0 0 0 1 0 0 Debt forgiveri. 12 0 0 0 0 55 11 2 Memo: interest forgiven . .0 0 0 0 0 8 1 1 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of whicb debt buyback 0 0 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLO)%% RFCO.N( ILl I 10lO Total change in debt stocks ... 125 105 94 45 61 74 95 29 Net flows on debt ... 107 97 120 51 72 63 108 77 Net change in interest arrears ... -1 3 3 3 3 -7 -3 -l Interest capitalized I.. 0 0 0 0 7 1 2 Debt forgiveness or reduction ... -12 0 0 0 0 -55 -11 -2 Cross-currency valuation ...8 -2 -13 -10 -18 12 -7 -15 Residual).. 21 6 -16 1 4 55 7 -31 9. %%ER-A(.E TERNMS OF NF" UWMI%IT%IENTS ALL CREDITORS Interest (%) 5.7 0.0 1.7 0.8 4.4 1.0 1.0 0.9 0.9 0.7 Maturity (years) 8.3 0.0 30.3 49.2 27.4 36.8 37.5 40.0 37.4 46.7 Grace period (years) 1.0 0.0 9.2 10.0 6.8 11.8 9.8 14.4 9.7 10.2 Grant element (%) 14.3 0.0 66.4 82.7 39.1 74.8 76.9 79.3 76.3 83.1 Ofricial creditors Interest (%) 3.7 0.0 1.7 0.8 4.4 1.0 1.0 0.9 0.9 0.7 Maturity (years) 10.0 0.0 30.3 49.2 27.4 36.8 37.5 40.0 37.4 46.7 Grace period (years) 1.8 0.0 9.2 10.0 6.8 11.8 9.8 14.4 9.7 10.2 Grant clement (%) 25.5 0.0 66.4 82.7 39.1 74.8 76.9 79.3 76.3 83.1 Private creditors Interest (%) 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00. Maturity (years) 7.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 11.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 10 0 85 74 123 99 62 106 45 75 Official creditors 2 0 85 74 123 99 62 106 45 75 Private creditors 8 0 0 0 0 0 0 0 0 0 1w. CON'TR-ACTU1AL OBLIIA.- FIONS ON OL i1s JAN DIN(, LONG-YERM. DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 68 81 58 38 22 12 6 1 0 0 Principal 22 27 29 31 32 33 31 32 31 33 Interest 12 14 14 13 13 13 12 12 1 1 10 Official creditors Disbursemnents 68 81 58 38 22 12 6 1 0 0 Principal 21 26 28 30 31 32 30 31 30 32 Interest 12 14 14 13 13 12 12 12 11 10 Bilateral creditors Disbursements 1 1 1 0 0 0 0 0 0 0 Principal 6 10 11 13 13 13 10 9 8 8 Interest 4 5 5 5 4 4 4 4 4 4 Multilateral creditors Disbursements 67 80 58 38 22 12 6 1 0 0 Principal 15 16 17 17 18 19 21 22 22 24 Interest 8 9 9 9 9 8 8 8 7 7 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1 2 2 1 1 1 1 1 1 1 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1 2 2 1 1 1 1 1 1 1 Interest 0 0 0 0 0 0 0 0 0 0 148 CHILE (US$ million, unless othterwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUM %I -RY DEBT D AT.% TOTAL DEBT STOCKS (EDT) 12,081 19,227 17,947 19,134 20,637 24,728 25,562 27,403 31,440 Long-term debt (LDOD) 2,567 9,399 14,689 14,790 15,181 16,031 17,999 18,607 20,414 21,519 Public and publicly guaranteed 2,066 4,705 10,426 10,071 9,578 8,867 8,995 7,178 4,883 4,364 Private nonguaranteed 501 4,693 4,263 4,720 5,603 7,164 9,004 11,429 15,531 17,155 Use of IMF credit 2 123 1,157 958 722 476 291 0 0 0 Short-term debt .. 2,560 3,382 2,199 3,231 4,130 6,438 6,955 6,990 9,921 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: export credits .. 2,062 2, 145 2,064 2,242 2"583 2,335 2,049 1,730 TOTAL DEBT FLOWS Disbursements 655 3,551 2,253 1,645 1,736 2,182 2,922 3,821 6,644 6,217 Long-term debt 655 3,551 2,253 1,645 1,736 2,182 2,922 3,821 6,644 6,217 IMF purchases 0 0 0 0 0 0 0 0 0 0 Principal repayments 254 1,513 980 1,144 1,353 1,721 1,692 3,671 4,677 2,857 Long-term debt 207 1.462 771 947 1,150 1,472 1,482 3,369 4,677 2,857 IMF repurchases 47 52 209 196 203 249 211 303 0 0 Net flows on debt 400 2,038 1,682 -682 1,414 1,360 3,538 667 2,001 6,291 of which short-term debt 409 -1,183 1,032 899 2,308 517 35 2,932 Interest payments (INT) 1,193 1,792 1,556 1,340 1,121 1,268 1,462 1,464 1,561 Long-term debt 104 918 1,364 1,249 1,135 933 929 1,114 1,185 1,070 IMF charges 0 12 118 97 70 43 22 13 0 0 Short-term debt .. 262 310 209 136 145 317 335 279 490 Net transfers on debt .. 846 -110 -2,238 74 239 2,270 -795 537 4,731 Total debt service paid (TDS) 2,706 2,772 2,700 2,693 2,842 2,960 5,133 6,142 4,418 Long-term debt 311 2,380 2,135 2,197 2,285 2,405 2,411 4,483 5,863 3,927 IMF repurchases and charges 47 64 327 294 273 292 232 316 0 0 Short-term debt (interest only) .. 262 310 209 136 145 317 335 279 490 2. %GGREGATE NE f R.E.SOLI RCE EL.0W, kND NE'T TRANSFERS ' LONG-TERMi NET RESOURCE FLOWS 381 2,312 2,465 1,616 1,902 2,233 4,958 3,759 6,841 9,296 Net flow of long-term debt (ex. IMF) 448 2,090 1,481 698 586 710 1,441 452 1,967 3,360 Foreign direct investment (net) -79 213 590 822 937 1,034 2,583 2,978 4,724 5,417 Portfolio equity flows 0 0 320 0 323 405 867 274 103 486 Grants (excluding technical coop.) 12 9 73 96 56 84 67 54 47 34 Memo: technical coop. grants 19 37 71 84 94 99 94 100 96 89 official net resource flows 67 -136 367 145 110 -125 -122 -1,755 -595 -340 private net resource flows 314 2,447 2,098 1,471 1,792 2,358 5,080 5,514 7,436 9,637 NET TRANSFERS 173 1,307 766 -278 -130 502 3,078 1,645 4,556 6,826 Interest on long-term debt 104 918 1,364 1,249 1,135 933 929 1,114 1,185 1,070 Profit remittances on FDI 104 86 335 644 897 798 950 1,000 1,100 1,400 Memo: official net transfers 27 -216 -16 -258 -286 -508 -501 -2,143 -869 -501 private net transfers 145 1,523 782 -20 156 1,010 3,580 3,788 5,424 7,327 3. MA~JOR ECONO.%!IC. GGR_EGXAES Gross national product (GNP) 8,000 26,544 28.549 32,676 39,915 43,708 47,201 56,810 65,522 74, 119 Exports of goods & services (XGS) .. 6,276 10,705 11,645 12,922 12,213 15,000 20,107 19,524 21,632 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 8,360 11,387 12,055 14,258 15,086 16,917 21,815 23,768 26,217 International reserves (RES) 392 4,12)8 6,784 7,700 9,790 10,369 13,802 14,860 15,520 17,845 Current account balance .. -1971 -485 -99 -958 -2,554 -1,585 -1,398 -3,744 -4,057 4. DEBT INDIC.NTORS EDT / XGS (% . 192.5 179.6 154.1 148.1 169.0 164.9 127.1 140.4 145.3 EDT,' GNP (%) .. 45.5 67.3 54.9 47.9 47.2 52.4 45.0 41.8 42.4 TDS /XGS (%) .. 43.1 25.9 23.2 20.8 23.3 19.7 25.5 31.5 20.4 INT XGS (%) .. 19.0 16.7 13.4 10.4 9.2 8.5 7.3 7.5 7.2 TNT/GNP (%) .. 4.5 6.3 4.8 3.4 2.6 2.7 2.6 2.2 2.1 RES /EDT (%) .. 34.2 35.3 42.9 51.2 50.2 55.8 58.1 56.6 56.8 RES /MGS (months) 5. z9 7.1 7.7 8.2 8.2 9.8 8.2 7.8 8.2 Short-term / EDT (%) .. 21.2 17.6 12.3 16.9 20.0 26.0 27.2 25.5 31.6 Concessional /EDT (%) .. 5.6 1.9 1.7 1.5 1.3 1.3 1.3 1.2 1.1 Multilateral / EDT (%) .. 2.9 21.5 24.0 22.6 21.0 17.7 11.2 7.6 5.0 149 CHILE (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5.. L-ONG-ITERNI DEB-r DEBT OUTSTANDING (LDOD) 2,567 9,399 14,689 14,790 15,181 16,031 17,999 18,607 20,414 21,519 Public and publicly guaranteed 2,066 4,705 10,426 10,071 9,578 8,867 8,995 7,178 4,883 4,364 Official creditors 1,179 1,360 5,182 5,280 5,187 5,104 5,156 3,582 2,711 2,161 Multilateral 176 351 4, 143 4,315 4,333 4,327 4,374 2,871 2.092 1,585 Concessional 20 5 0 33 3 1 29 27 25 23 2 1 1 7 Bilateral 1,003 1,009 1,039 964 855 777 782 711 619 576 Concessional 658 628 338 281 253 250 287 309 308 331 Private creditors 887 3,345 5,244 4,791 4,390 3,764 3,839 3,596 2,172 2,204 Bonds 60 106 39 200 320 0 0 0 0 0 Commercial banks 291 2,420 4,748 4,230 3,799 3,553 3.728 3,509 2,152 2,131 Other private 536 818 457 361 271 210 ill 87 20 73 Private nonguaranteed 501 4,693 4,263 4,720 5,603 7,164 9,004 11,429 15,531 17,155 Bonds 0 0 0 0 0 286 377 866 2,725 3,764 Commercial banks 501 4,693 4,263 4,720 5,603 6,878 8,627 10,563 12,806 13,391 Memo: IBRD ill 163 1,860 1,947 1,~928 1.902 1,919 1,372 1,093 980 IDA 19 2 1 14 1 3 1 3 12 1 1 1 1 10 9 DISBURSEMENTS 655 3,551 2,253 1,645 1,736 2,182 2,922 3,821 6,644 6,217 Public and publicly guaranteed 407 857 708 702 670 293 463 342 975 685 Official creditors 130 62 650 468 549 270 351 194 157 167 Multilateral 34 46 583 420 480 247 292 146 126 108 Concessional 0 3 0 0 0 0 0 0 0 0 Bilateral 97 15 67 48 69 24 59 48 31 59 Concessional 44 3 0 1 13 24 59 48 3 1 59 Private creditors 277 796 58 234 121 23 113 148 818 518 Bonds 0 55 0 199 120 0 0 0 0 0 Commercial banks 119 568 37 18 0 23 113 141 808 458 Other private 158 172 21 18 0 0 0 7 10 60 Private nonguaranteed 247 2,694 1,545 943 1,066 1,889 2,459 3,479 5,669 5,532 Bonds 0 0 0 0 0 286 91 500 1,870 1,050 Commercial banks 247 2,694 1,545 943 1,066 1,603 2,368 2,979 3,799 4.482 Memo: IBRD 27 14 251 182 200 107 81 83 75 85 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 207 1,462 771 947 1,150 1,472 1,482 3,369 4,677 2,857 Public and publicly guaranteed 166 891 500 620 632 880 646 2,277 2,960 994 Official creditors 75 206 356 419 495 480 539 2,004 799 541 Multilateral 15 15 263 298 349 353 430 1,884 719 476 Concessional 0 0 2 2 2 2 2 2 2 2 Bilateral 61 191 93 120 146 126 109 119 80 64 Concessional 21 69 33 26 24 25 25 30 28 27 Private creditors 90 685 144 202 137 401 107 273 2,162 454 Bonds 5 4 7 37 0 320 0 0 0 0 Commercial banks 32 464 32 55 61 21 4 240 2,086 447 Other private 54 217 105 110 76 60 104 33 76 7 Private nonguaranteed 41 571 271 327 518 592 835 1,092 1,717 1,863 Bonds 0 0 0 0 0 0 0 1 1 1 1 1 1 Commercial banks 41 571 271 327 518 592 835 1,081 1,706 1,852 Memo: IBRD 10 9 119 138 168 172 192 704 263 109 IDA 0 0 1 1 1 1 1 1 1 1 NET FLOWS ON DEBT 448 2,090 1,481 698 586 710 1,441 452 1,967 3,360 Public and publicly guaranteed 242 -34 208 82 38 -587 -183 -1,935 -1,986 -309 Official creditors 55 -145 294 49 54 -209 -189 -1,810 -642 -374 Multilateral 19 31 319 121 131 -107 -138 -1,739 -593 -369 Concessional 0 3 -2 -2 -2 -2 -2 -2 -2 -2 Bilateral 36 -176 -25 -72 -77 -103 -51 -71 -49 -5 Concessional 23 -66 -33 -25 -11 -1 33 18 3 32 Private creditors 187 ill -86 32 -16 -378 6 -125 -1,344 65 Bonds -5 52 -7 161 120 -320 0 0 0 0 Commercial banks 87 104 5 -37 -60 1 109 -99 -1,278 11 Other private 105 -45 -85 -92 -76 -60 -104 -26 -66 54 Private nonguaranteed 206 2,123 1,274 616 548 1,297 1,624 2,387 3,952 3,669 Bonds 0 0 0 0 0 286 91 489 1,859 1,039 Commercial banks 206 2,123 1,274 616 548 1,012 1,533 1,898 2.093 2,630 Memo: IBRD 18 5 132 44 32 -65 -111 -621 -188 -25 IDA 0 0 -1 -1I -1 -1 -1 -1 -1 -1 150 CHILE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 104 918 1,364 1,249 1,135 933 929 1,114 1,185 1,070 Public and publicly guaranteed 78 483 1,112 957 806 652 565 653 535 292 Official creditors 40 80 384 403 396 383 379 387 274 161 Multilateral 9 26 313 343 345 341 353 348 190 136 Concessional 0 1 1 1 0 0 0 0 0 0 Bilateral 31 54 71 60 51 43 27 39 84 24 Concessional 12 22 10 7 6 6 6 7 61 6 Private creditors 39 403 729 554 410 269 186 266 261 131 Bonds 2 5 2 1 18 15 0 0 0 0 Commercial banks 19 325 688 513 369 238 175 258 256 130 Other private 17 73 39 40 24 16 11 8 5 1 Private nonguaranteed 26 435 252 292 329 280 365 461 651 778 Bonds 0 0 0 0 0 4 13 26 59 192 Commercial banks 26 435 252 292 329 277 352 435 591 587 Memo: IBRD 6 16 130 143 144 142 140 137 89 68 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 343 1,171 117 -552 -549 -223 511 -662 781 2,290 Public and publicly guaranteed 163 -517 -905 -876 -768 -1,240 -748 -2,588 -2,521 -601 Official creditors 15 -225 -90 -354 -342 -593 -568 -2,197 -916 -535 Multilateral 10 5 7 -221 -214 -447 -490 -2,087 -783 -505 Concessional 0 2 -3 -3 -3 -2 -2 -2 -2 -2 Bilateral 5 -230 -96 -132 -127 -146 -77 -110 -133 -30 Concessional 11 -88 -42 -32 -17 -8 28 12 -58 27 Private creditors 148 -292 -815 -522 -427 -647 -180 -391 -1,605 -67 Bonds -7 47 -9 160 103 -335 0 0 0 0 Commercial banks 66 -2-21 -663 -550 -430 -236 -66 -357 -1,534 -119 Other private 87 -118 -123 -132 -99 -76 -114 -34 -71 52 Private nonguaranteed 180 1,688 1,022 324 219 1,017 1,259 1,926 3,302 2,891 Bonds 0 0 0 0 0 282 78 463 1,800 847 Commercial banks 180 1.688 1,022 324 219 735 1,181 1,463 1,502 2,044 Memo: IBRD 12 -11 2 -99 -112 -207 -251 -758 -277 -93 IDA 0 0 -1 -1 -1 -1 -1 -l1 -1 -I DEBT SERVICE (LTDS) 311 2,380 2,135 2,197 2,285 2,405 2,411 4,483 5,863 3,927 Public and publicly guaranteed 244 1,374 1,612 1,578 1,438 1,533 1,211 2,930 3,495 1,286 Official creditors 115 287 740 821 891 863 918 2,391 1,073 701 Multilateral 24 41 576 641 695 694 782 2,233 908 613 Concessional 0 1 3 3 3 2 2 2 2 2 Bilateral 91 245 164 180 196 169 136 158 164 89 Concessional 33 90 42 32 29 31 31 36 89 32 Private creditors 129 1,088 873 756 547 670 293 539 2,423 585 Bonds 7 8 9 39 18 335 0 0 0 0 Commercial banks 51 789 720 568 430 259 179 498 2,342 578 Other private 71 290 144 150 100 76 114 41 80 8 Private nonguaranteed 67 1,006 523 619 847 872 1,200 1,553 2,368 2,641 Bonds 0 0 0 0 0 4 13 37 70 203 Commercial banks 67 1,006 523 619 847 868 1,187 1,516 2,297 2,438 Memo: IBRD 16 25 249 281 312 314 332 841 352 178 IDA 0 0 1 1 1 1 1 1 1 1 UNDISBURSED DEBT 469 432 1,550 1,989 1,847 1,792 1,270 1,196 952 834 Official creditors 180 186 1,364 1.729 1,758 1,572 1,078 1,101 861 568 Private creditors 289 246 186 260 89 221 192 95 91 266 Memorandum items Concessional LDOD 678 678 371 311 282 277 312 332 329 348 Variable, rate LDOD 501 7,104 11,126 11,343 11,894 12,856 14,903 16,461 18,853 20,425 Public sector LDOD 1,978 4,587 10,422 10,068 9,576 8,867 8,995 7,178 4,883 4,364 Private sector LDOD 589 4,811 4,267 4,722 5,605 7,164 9,004 11,429 15,531 17,155 6. CUiRRENCI' (ONIPOSrITON OF LON(;-TERMl DEBT 'PERCE'NT' Deutsche mark 5.6 5.9 4.7 4.2 3.7 3.3 3.7 4.5 3.6 2.0 French franc 2.1 6.3 1.1 0.9 0.7 0.7 0.6 0.7 0.8 0.7 Japanese yen 0.0 1.8 8.2 8.5 8.2 8.4 8.8 9.5 8.6 7.2 Pound sterling 7.4 1.0 3.4 3.3 2.7 2.7 2.8 2.9 0.5 0.4 Swiss franc 0.9 0.4 0.6 0.5 0.5 0.6 0.7 0.9 0.3 0.2 U.S.dollars 75.1 74.6 40.2 37.9 37.7 34.9 34.9 42.3 45.8 55.0 Multiple currency 6.7 7.0 39.4 42.6 44.9 48.1 47.5 38.0 39.8 34.2 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 2.2 3.2 2.4 2.0 1.5 1.2 1.1 1.1 0.7 0.3 151 CHILE (US$ million, unless otherwise indicated) 1970 1980 1990 7991 1992 1993 1994 1995 1996 1997 7. DEBT REST111L'CTU1RINGS Total amount rescheduled 0 0 4,173 24 133 0 0 0 1 0 Debt stock rescheduled 0 0 4,170 24 132 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven ...0 16 15 0 0 0 0 0 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction 0 0 1,101 496 279 264 32 145 34 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8. DEBT ST(CK-FIAfl% RELCONClLL-kTl(Y Total change in debt stocks ... 1,195 -1,280 1,187 1,503 4,092 834 1,841 4,037 Net flows on debt ... 1,682 -682 1,414 1,360 3,538 667 2,001 6,291 Net change in interest arrears ...0 0 0 0 0 0 0 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ... -1,101 -512 -294 -264 -32 -145 -34 0 Cross-currency valuation ... 507 92 -293 112 568 -57 -527 -454 Residual .... 17 -178 359 295 17 368 401 -1,800 9. WNER%G-E T-ERNIS OF NEWV CONMINTMENTS ALL CREDITORS IntereSt (% 6.8 13.9 7.8 7.0 6.8 3.1 7.5 6.2 5.6 6.2 Maturity (years) 12.4 8.4 17.6 15.0 20.1 12.1 13.3 18.0 7.0 6.2 Grace period (years) 3.5 3.7 4.2 4.0 5.6 4.8 6.0 5.4 5.3 3.9 Grant element (%) 15.6 -18.0 12.0 16.1 21.3 34.1 13.9 24.2 19.1 13.8 Official creditors Interest (% 6.5 8.7 7.7 6.6 6.8 1.9 6.3 6.1 4.7 1.0 Maturity (years) 21.0 15.0 18.4 19.3 20.3 15.8 22.1 19.5 20.9 10.0 Grace period (years) 6.7 3.5 4.3 4.8 5.6 3.7 5.0 5.8 8.7 1.5 Grant element (%) 24.4 6.0 12.8 20.7 21.4 43.0 22.6 26.2 38.8 36.4 Private creditors Interest (%) 6.9 14.4 9.3 8.0 5.1 4.2 8.3 6.8 5.6 6.3 Maturity (years) 11.1 7.7 7.6 5.4 5.8 8.8 7.7 9.6 5.9 6.1 Grace period (years) 3.0 3.7 2.3 2.1 3.1 5.9 6.7 3.0 5.0 3.9 Grant element (%) 14.3 -20.4 1.7 5.8 16.1 26.1 8.3 13.7 17.5 13.5 Memorandum items Commitments 361 835 1,049 1,205 655 317 181 314 885 711 Official creditors 46 74 967 835 646 151 70 265 63 9 Private creditors 314 761 82 371 9 166 III 49 821 702 WI. CONTRAXC1T'AL OBLIlG.%'loNs, ON OtI 1 STANDIJNG LONG-TERNM DEBtl 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAIL Disbursements 315 223 136 77 42 22 13 5 2 1 Principal 2,269 2,489 2,504 4,444 2,564 1,404 990 911 1,554 792 Interest 1,377 1,260 1,123 954 689 538 537 337 275 176 Official creditors Disbursements 165 147 105 70 42 22 12 4 1 0 Principal 277 285 281 277 274 246 211 180 150 97 Interest 130 121 Ill 99 86 72 58 46 34 27 Bilateral creditors Disbursements 71 69 44 28 15 8 4 1 1 0 Principal 100 106 99 89 87 59 25 16 17 20 Interest 18 17 14 13 11 8 7 7 6 6 Multilateral creditors Disbursements 94 79 61 42 27 14 8 3 0 0 Principal 177 179 182 188 187 187 187 163 132 77 Interest 112 104 96 86 75 64 52 39 28 20 Private creditors Disbursements 149 75 31 7 0 0 2 1 1 0 Principal 1,992 2,204 2,223 4.167 2,291 1,158 779 731 1,404 695 Interest 1,248 1,139 1.013 855 603 466 479 291 241 150 Commercial banks Disbursements 149 75 3 1 7 0 0 2 1 1 0 Principal 217 128 199 969 413 129 193 91 11 8 Interest 143 132 125 113 54 28 15 8 3 3 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1,776 2,075 2,024 3,198 1,877 1,029 586 640 1,394 687 Interest 1,105 1,007 888 742 549 438 464 283 238 147 152 CHINA (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUMMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 4,504 55,301 60,259 72,428 85,928 100,457 118,090 128,817 146,697 Long-term debt (LDOD) .. 4,504 45,515 49,479 58,663 70,632 82,974 95,764 103,410 115,233 Public and publicly guaranteed .. 4,504 45,515 49,479 58,463 70,076 82,391 94,675 102,260 112_821 Private nonguaranteed ..0 0 0 200 556 583 1,090 1,150 2,412 Use ofIMF credit 0 0 469 0 0 0 0 0 0 0 Short-term debt ..0 9,317 10,780 13,765 15,296 17,483 22,325 25,407 31,464 of which interest arrears on LDOD ..0 0 0 0 0 0 0 0 0 Official creditors ..0 0 0 0 0 0 0 0 0 PTivate creditors ..0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD ..0 0 0 0 0 0 0 0 0 Official creditors ..0 0 0 0 0 0 0 0 0 PTivate creditors ..0 0 0 0 0 0 0 0 0 Memo: export credits ... 8,076 10,108 12,790 15,851 23,371 26,520 28,737 31,292 TOTAL DEBT FLOWS Disbursements .. 2,539 9,665 8,659 16,505 19,561 16,151 21,985 21,114 23,976 Long-term debt .. 2.539 9,665 8,659 16,505 19,561 16,151 21,985 21,114 23.976 IMF purchases 0 0 0 0 0 0 0 0 0 0 Principal repayments .. 613 3,809 4,574 5,213 6,729 6,343 9,070 10,260 11,527 Long-term debt .. 613 3,319 4,123 5,213 6,729 6,343 9,070 10,260 11,527 IMF repurchases 0 0 490 451 0 0 0 0 0 0 Net flows on debt .. 1,927 8,267 5,548 14,277 14,363 11,995 17,758 13,936 18,506 of which short-term debt ... 2,410 1,463 2,985 1,531 2,187 4,842 3,082 6,057 Interest payments (INT) .. 318 3,248 3,731 3,405 3,439 4,792 5,996 5,496 6,918 Long-term debt .. 318 2,534 2,954 2,708 2,630 3,844 4,657 4,685 5,553 IMF charges 0 0 66 24 0 0 0 0 0 0 Short-term debt ..0 649 754 697 809 948 1,340 812 1,365 Net transfers on debt .. 1,609 5,018 1,817 10,872 10,924 7,203 11,761 8,440 11,588 Total debt service paid (TDS) .. 930 7,057 8,305 8,618 10,168 11,135 15,066 15,756 18,445 Long-term debt .. 930 5,853 7.076 7,921 9,359 10,187 13,726 14,944 17,080 IMF repurchases and charges 0 0 555 475 0 0 0 0 0 0 Short-term debt (interest only) ..0 649 754 697 809 948 1,340 812 1,365 2. AGG(REG(ArIE R EF1 RESOL. RCE f LO"WS AN D NEV F RA NSFER-S iLO%G-TIERj%l i NET RESOURCE FLOWS .. 1,934 10,082 9,797 23,969 44,437 47,847 51,900 54,749 65,370 Net flow of long-term debt (ex. IMF) .. 1,927 6,346 4,536 11,292 12,832 9,808 12,915 10,854 12.449 Foreign direct investment (net) ..0 3,487 4,366 11,156 27,515 33,787 35,849 40,180 44,236 Portfolio equity flows ..0 0 653 1,194 3,818 3,915 2,807 3,466 8,457 Grants (excluding technical coop.) ..7 249 242 327 272 337 329 249 228 Memo: technical coop. grants .. 48 393 401 456 500 497 569 541 500 official net resource flows .. 203 1,975 2,286 2,670 4,887 3,454 8,231 4,650 4,543 private net resource flows .. 1,731 8,107 7,512 21,299 39,550 44,392 43,669 50,100 60,828 NET TRANSFERS .. 1,616 7,502 6,834 21,239 41,457 43,503 46,493 48,565 58,017 Interest on long-term debt .. 318 2,534 2,954 2,708 2,630 3,844 4,657 4,685 5.553 Profit remittances on FDI ..0 46 tO 22 350 500 750 1,500 1,800 Memo: official net transfers .. 186 1,444 1,651 1,993 4,060 2,324 6,943 3.339 2,757 private net transfers .. 1,431 6,058 5,183 19,246 37.397 41,179 39,550 45.226 55,260 3. NI.-ĽJORE[(_ON0rNI K .4W RE(G.%TE> Gross national product (GNP) .. 201,687 355.610 377,395 418,397 430,859 541,497 688,447 804.052 886,059 Exports of goods & services (XGS) ... 60,515 69,824 84,640 91,350 125,313 152,781 180,668 214,848 of which workers remittances ... 124 207 228 108 395 350 1,672 4,423 Imports of goods & services (MGS) ... 48,668 57,176 79,166 104,020 118,345 152_'48 173 882 185,851 International reserves (RES) .. 10,091 34,476 48,165 24,853 27,348 57,781 80,288 111,729 146,448 Current account balance ... 11,997 13,272 6,401 -11,609 6,908 1,618 7.243 29.7 18 4. DEBT' iNDIC .%TOR_N EDT /XGS ()... 91.4 86.3 85.6 94.1 80.2 77.3 71.3 68.3 EDT /GNP (% . 2.2 15.6 16.0 17.3 19.9 18.6 17.2 16.0 16.6 TDS/XGS(% ... 11.7 11.9 10.2 11.1 8.9 9.9 8.7 8.6 INT /XGS (9). . 5.4 5.3 4.0 3.8 3.8 3.9 3.0 3.2 INT /GNP ().. 0.2 0.9 1.0 0.8 0.8 0.9 0.9 0.7 0.8 RES /EDT ().. 224.1 62.3 79.9 34.3 31.8 57.5 68.0 86.7 99.8 RES /MGS (months) ... 8.5 10.1 3.8 3.2 5.9 6.3 7.7 9.5 Short-term / EDT (%) .. 0.0 16.8 17.9 19.0 17.8 17.4 18.9 19.7 21.4 Concessional / EDT ().. 0.5 17.6 17.9 15.8 15.7 15.9 15.2 14.5 12.3 Multilateral!/ EDT (%) .. 0.0 11.1 12.6 11.9 12.4 13.5 13.8 13.7 12.9 153 CHINA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LUNG-rERMI DEWIl DEBT OUTSTANDING (LDOD) .. 4,504 45,515 49,479 58,663 70,632 82,974 95,764 103,410 115,233 Public and publicly guaranteed 4,504 45,515 49,479 58,463 70,076 82,391 94,675 102,260 112,821 Official creditors 447 14,514 17,073 19,105 24,339 28,973 36,982 39,433 39,755 Multilateral 0 6,111 7,576 8,614 10,690 13,588 16,302 17,695 18,973 Concessional 0 3,119 3,775 4,391 5,285 6,231 7,180 7,715 7,954 Bilateral 447 8,403 9,497 10,491 13,650 15,385 20,680 21,737 20,782 Concessional 24 6,599 6,990 7,041 8,165 9,729 10,792 11,006 10,148 Private creditors 4,057 31,001 32,406 39,358 45,737 53,418 57,693 62,828 73,066 Bonds 50 5,426 5,660 5,449 7,715 11,087 10,684 11,106 12,616 Commercial banks 1,514 14,520 14,963 17,913 20,678 21,475 23,869 24,437 34,873 Other private 2,492 11,055 11,783 15,996 17,344 20,856 23,140 27,285 25,577 Private nonguaranteed ..0 0 0 200 556 583 1,090 1,150 2,412 Bonds 0 0 0 200 556 583 1,090 1,150 2,412 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 2,865 3,494 3,752 4,549 5,933 7,209 7,616 8,239 IDA 0 0 3,016 3,672 4,286 5,160 6,097 7,038 7,579 7,830 DISBURSEMENTS .. 2,539 9,665 8,659 16,505 19,561 16,151 21,985 21,114 23,976 Public and publicly guaranteed 2,539 9,665 8,659 16,308 19,229 16,151 21,441 20,985 22,458 Official creditors .. 245 2,578 2,649 3,103 5,501 4,200 9,073 5,669 6,214 Multilateral 0 1,158 1,455 1,523 2,252 2,559 2,838 2,797 2,939 Concessional 0 511 614 788 892 686 822 816 715 Bilateral 245 1.420 1.194 1,580 3,249 1,642 6,235 2,872 3,275 Concessional 23 1,022 184 223 923 1,171 1,533 1,388 248 Private creditors 2,294 7,088 6,010 13,204 13,729 11,951 12,368 15,316 16,244 Bonds 50 277 260 894 2,737 3,337 1,224 2,777 3,105 Commercial banks 159 3,247 2,623 5,062 5,624 2,380 4,977 4,915 5,889 Other private 2,085 3,564 3,127 7,248 5,367 6,234 6,167 7,624 7,249 Private nonguaranteed ..0 0 0 198 332 0 544 129 1,518 Bonds 0 0 0 198 332 0 544 129 1,518 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 591 668 553 977 1,380 1,457 1,286 1,562 IDA 0 0 507 612 778 869 680 812 811 713 PRINCIPAL REPAYMENTS .. 613 3,319 4,123 5,213 6,729 6,343 9,070 10,260 11,527 Public and publicly guaranteed 613 3,319 4,123 5,213 6,729 6,343 9,070 10,260 11,320 Official creditors 50 851 605 760 886 1,083 1,171 1,269 1,899 Multilateral 0 220 141 215 272 359 420 414 554 Concessional 0 0 4 5 7 12 19 27 34 Bilateral 50 631 464 545 614 725 751 854 1,345 Concessional 0 145 65 142 204 276 315 387 385 Private creditors 563 2,468 3,517 4,453 5,843 5,260 7,899 8,991 9,421 Bonds 0 325 237 1,095 831 461 1,451 1,716 1,087 Commercial banks 161 808 2,010 2,046 2,895 1,803 2,645 4,132 5,159 Other private 401 1,335 1,271 1,312 2.117 2,997 3,803 3,143 3,175 Private nonguaranteed 0 0 0 0 0 0 0 0 207 Bonds 0 0 0 0 0 0 0 0 207 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 216 130 196 245 315 350 343 351 IDA 0 0 0 1 2 4 9 14 20 26 NET FLOWS ON DEBT .. 1,927 6,346 4,536 11,292 12,832 9,808 12,915 10,854 12,449 Public and publicly guaranteed .. 1,927 6,346 4,536 11,095 12,500 9,808 12,371 10,725 11,138 Official creditors 195 1,727 2' 044 2,343 4,615 3,117 7,902 4,401 4,315 Multilateral 0 938 1,314 1,308 1,980 2,200 2,418 2,383 2.385 Concessional 0 511 610 782 885 674 804 789 681 Bilateral 195 789 730 1,035 2,635 917 5,484 2,018 1,930 Concessionat 23 877 119 81 720 895 1,218 1,001 -137 Private creditors 1,731 4,620 2,493 8,751 7,885 6,691 4,469 6,325 6.823 Bonds 50 -48 24 -201 1,906 2,876 -227 1,061 2,019 Commercial banks -3 2,439 613 3,016 2,729 577 2,332 783 730 Other private 1,684 2,229 1,856 5,936 3,250 3,237 2,364 4,481 4,075 Private nonguaranteed ..0 0 0 198 332 0 544 129 1,311 Bonds 0 0 0 198 332 0 544 129 1,311 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 376 538 357 732 1,066 1,107 943 1,211 IDA 0 0 507 611 777 865 671 798 791 687 154 CHINA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 318 2,534 2,954 2,708 2,630 3,844 4,657 4,685 5,553 Public and publicly guaranteed 318 2,534 2,954 2,708 2,618 3,818 4,624 4,631 5,498 Official creditors 17 531 635 678 827 1,131 1,288 1,310 1,785 Multilateral 0 226 263 319 377 480 619 684 730 Concessional 0 20 25 31 36 44 53 56 58 Bilateral .. 17 305 372 358 450 651 669 626 1,055 Concessional ..0 193 273 281 305 330 324 293 342 Private creditors 301 2,003 2,319 2,031 1,792 2,687 3,336 3~321 3,713 Bonds 3 367 356 337 286 363 594 506 568 Commercial banks 140 959 1,071 776 738 1,034 1,333 1,351 1,441 Other private 158 677 892 917 767 1,290 1,409 1,464 1,704 Private nonguaranteed 0 0 0 0 12 26 33 53 55 Bonds ..0 0 0 0 12 26 33 53 55 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 200 227 264 299 364 460 497 507 IDA 0 0 19 23 29 34 41 49 52 56 NET TRANSFERS ON DEBT 1,609 3,813 1,583 8,584 10,202 5,964 8,258 6,170 6,896 Public and publicly guaranteed 1,609 3,813 1,583 8,386 9,882 5,990 7,748 6,094 5,640 Official creditors 178 1,196 1,409 1,665 3,788 1,986 6,614 3,090 2,530 Multilateral 0 712 1,052 988 1,604 1,720 1,799 1,699 1,655 Concessional ..0 491 586 752 849 630 751 734 622 Bilateral 178 484 357 677 2,184 266 4,816 1,392 875 Concessional 23 684 -153 -200 415 565 894 708 -480 Private creditors 1,431 2,617 174 6,721 6,094 4,004 1,133 3,004 3,111 Bonds 47 -415 -332 -538 1,620 2,513 -821 555 1,451 Commercial banks -142 1,480 -458 2,240 1,991 -457 999 -568 -711 Other private 1,526 1,551 964 5,019 2,483 1,948 955 3,017 2,371 Private nonguaranteed 0 0 0 198 320 -26 511 76 1,256 Bonds 0 0 0 198 320 -26 511 76 1,256 Commercial banks ..0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 176 311 92 433 701 648 447 704 IDA 0 0 488 589 748 831 630 749 738 632 DEBT SERVICE (LTDS) 930 5,853 7,076 7,921 9,359 10,187 13,726 14,944 17,080 Public and publicly guaranteed 930 5,853 7,076 7,921 9,348 10,161 13,693 14,891 16,818 Official creditors .. 67 1,383 1,240 1,438 1,713 2,214 2,459 2,579 3,684 Multilateral ..0 446 404 534 648 838 1,039 1,099 1,285 Concessional 0 20 29 36 43 56 71 82 92 Bilateral .. 67 937 837 903 1,064 1,376 1,419 1,480 2,400 Concessional 0 338 338 423 508 607 639 680 728 Private creditors . 863 4,470 5,836 6,483 7,635 7,947 11,234 12,312 13,133 Bonds ..3 692 593 1,432 1,117 824 2,045 2,223 1,655 Commercial banks .. 301 1,767 3,080 2,822 3,633 2,837 3,978 5,483 6,600 Other private 559 2.012 2,163 2,229 2,885 4,286 5,212 4,607 4,879 Private nonguaranteed 0 0 0 0 12 26 33 53 262 Bonds ..0 0 0 0 12 26 33 53 262 Commercial banks ..0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 415 357 460 543 679 810 840 858 IDA 0 0 19 23 30 38 50 63 73 81 UNDISBURSED DEBT 2,430 9,298 8,973 10,948 16,156 16,235 17,010 17,878 16,859 Official creditors . 940 5,280 6,931 8,168 10,321 13.149 13,454 12,113 11,487 Private creditors .. 1.490 4,019 2.042 2,780 5,835 3,086 3,556 5,765 5,371 Memorandum items Concessional LDOD . 24 9,718 10,765 11,432 13,449 15,960 17,972 18,722 18,101 Variable rate LDOD 2,649 16,491 16,809 17,289 20,624 23,272 28,370 30,652 45,217 Public sector LDOD 4,504 45,449 49,405 58,413 69,864 81,709 93,573 101,163 111,740 Private sector LDOD 0 66 74 250 767 1,265 2,192 2,247 3,493 6.( t'RRENCt C)NlPOSITION OF LO%G-TER.%l I)EBI iPER( ENT, Deutsche mark .. 7.4 3.1 2.7 1.6 1.0 1.7 1.7 1.4 1.2 French franc .. 1.0 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.2 Japanese yen .. 12.8 30.4 28.4 22.6 21.0 23.2 20.7 15.9 11.8 Pound sterling .. 0.1 0.7 0.6 0.4 0.3 0.3 0.2 0.2 0.2 Swiss franc .. 0.1 0.2 0.1 0.0 0.0 0.1 0.0 0.0 0.0 U.S.dollars .. 15.4 29.1 36.3 48.2 54.2 53.5 57.9 64.8 74.4 Multiple currency .. 56.5 31.2 27.0 23.3 20.5 18.9 17.2 15.8 11.0 Special drawing rights .. 0.0 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.1 All other currencies .. 6.8 4.7 4.2 3.2 2.4 2.0 1.8 1.5 1.1 155 CHINA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7.DI-.I REs%RHUCT1;-RI\rG;. Total amount rescheduled 0 0 0 0 0 0 0 0 0 Debt stuck rescheduled ..0 0 0 0 0 0 0 0 0 Principal reschieduled 0 0 0 0 0 0 0 0 0 Official ..0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 000 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 Debt forgiven ..0 0 0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 of which debt buyback ..0 0 0 0 0 0 0 0 0 M. DERT N-IOCK-I, [X)% RFCON(LLI_U I ION Total change in debt stocks ... 10,369 4,958 12,169 13,500 14,529 17,633 10,727 17,880 Net flows on debt ... 8.267 5.548 14,277 14,363 11.995 17,758 13,936 18,506 Net change in interest arrears ...0 0 0 0 0 0 0 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 0 0 Cross-currency valuation ... 1,486 1,065 -297 1,608 2,931 -226 -2,643 -2,389 Residual ... 617 -1,655 -1,812 -2,472 -397 tOt -566 1,763 9. k E RAA.,F I 1 RMSi OF % F.%% i( NlIM MENT'S ALL CREDITORS Interest (% . 10.3 7.5 6.1 6.2 5.5 5.5 6.5 6.6 6.5 Maturity (years) .. 11.0 16.6 18.4 14.9 14.0 15.6 11.8 10.1 10.1 Grace period (years) .. 3.3 3.9 4.8 3.5 3.9 5.0 2.9 2.9 3.2 Grant element (%) .. 4.4 15.6 25.1 19.3 22.1 25.4 15.4 14.3 14.9 Official creditors Interest (%) .. 4.9 3.7 5.2 5.5 5.1 5.6 6.8 5.8 6.6 Maturity (years) .. 18.8 27.9 23.6 22.2 19.7 21.1 18.3 21.2 19.1t Grace period (years) .. 7.7 7.9 6.7 5.7 5.3 6.0 3.7 4.5 3.9 Grant element (%) .. 35.3 49.2 36.4 31.1 31.8 30.4 19.1 28.1 21.6 Private creditors Interest (%) .. 12.4 8.6 7.2 6.5 5.6 5.4 6.3 6.8 6.4 Maturity (years) .. 8.0 13.3 12.8 12.3 11.4 11.6 7.3 7.0 6.4 Grace period (years) .. 1.6 2.7 2.7 2.7 3.3 4.2 2.4 2.4 2.9 Grant element (%) .. -7.7 5.7 13.0 15.0 17.8 21.7 12.9 10.5 12.2 Memorandum items Commitments .. 3,826 9.988 8.287 16,831 24.930 15,945 22,796 22,438 22,108 Official creditors .. 1.070 2,288 4,284 4,451 7,629 6,809 9,279 4,886 6,323 Private creditors .. 2,757 7,701 4,002 12,379 17,301 9,135 13,517 17,552 15,785 Io. 0ONIRA(_ I-LI AL 0111 .l(.I IONs ON OL I'S I XNDIN( LONG-1 LR%1 niE.w1 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 6,410 3,954 1,951 1,546 1,202 844 559 239 t22 32 Principal 14,137 16,240 17,593 16,673 13.788 6.523 7,408 4,701 4,780 4,693 Interest 6,852 6,274 5,368 4,360 3,303 2,709 2,305 1,931 1,651 1,346 Official creditors Disbursements 2.624 2,375 1,946 1.545 1,202 844 559 239 122 32 Principal 2,228 2,452 2,754 2,991 3,168 3,204 3,206 3,023 2,944 2,881 Interest 2,062 2,056 2,022 1,938 1,827 1,690 1,535 1,367 1,199 1.032 Bilateral creditors Disbursements 289 125 54 6 1 1 0 0 0 0 Principal 1,590 1,647 1,756 1,744 1,703 1,649 1,638 1,452 1,389 1,367 Interest 1,124 1,057 980 879 779 683 588 495 412 331 Multilateral creditors Disbursements 2,335 2,250 1,892 1,540 1,201 843 559 239 122 32 Principal 638 804 998 1,247 1,465 1,556 1,568 1,571 1.555 1,515 Interest 938 999 1,042 1.059 1,048 1,007 948 871 787 702 Private creditors Disbursements 3,786 1,579 5 1 1 0 0 0 0 0 Principal 11.909 13,789 14,838 13,682 10,620 3.318 4.202 1.678 1.836 1,812 Interest 4,790 4,218 3,346 2,422 1,477 1,020 769 564 452 314 Commercial banks Disbursements 1.931 736 2 0 0 0 0 0 0 0 Principal 5,742 7,450 8,131 7,607 4,808 689 603 597 478 446 Interest 2.219 1,927 1,447 926 444 238 192 156 118 87 Other private Disbursements 1,855 842 3 1 1 0 0 0 0 0 Principal 6,166 6,338 6,708 6.076 5,812 2.629 3.599 1,081 1,359 1,366 Interest 2,571 2,291 1,899 1,496 1,033 781 578 408 334 227 156 COLOMBIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. StI'MXARY DIEBT D %TX TOTAL. DEBT STOCKS (EDT) 6,941 17,222 17,201 17,277 18,942 21,940 25,048 28,900 31,777 Long-term debt (LDOD) 1,580 4,604 15,784 15,450 14,726 15,289 17,448 19,503 23,016 26,018 Public and publicly guaranteed 1,297 4,089 14,671 14,469 13,476 13,243 14,358 13,950 14,854 15,273 Private nonguaranteed 283 515 1,113 981 1,250 2,046 3,091 5,553 8,162 10,746 Use of IMFcredit 55 0 0 0 0 0 0 0 0 0 Short-term debt .. 2,337 1,438 1,751 2,551 3,653 4,492 5,545 5,884 5,759 of which interest arrears on LDOD ..0 28 20 11 15 11 2 0 0 Official creditors ..0 17 10 10 11 8 0 0 0 Private creditors ..0 11 10 1 4 3 2 0 0 Memo: principal arrears on LDOD ..0 409 253 145 192 230 224 42 38 Official creditors --0 42 58 90 119 138 125 31 28 Private creditors --0 367 195 55 73 92 99 11 10 Memo: export credits ... 3,908 3,846 3,172 3,090 3,235 2,841 3,385 3,046 TOTAL DEBT FLOWS Disbursements 282 1,071 1,994 1,780 2,189 3,083 5,709 4,181 7,422 6,113 Long-term debt 253 1,071 1,994 1,780 2,189 3,083 5,709 4,181 7,422 6,113 IMFEpurchases 29 0 0 0 0 0 0 0 0 0 Principal repayments 210 263 2,189 2,199 2,614 2,405 3,892 2,347 3,365 2,516 Long-term debt 137 263 2,189 2,199 2,614 2,405 3,892 2,347 3,365 2,516 IMFErepurchases 73 0 0 0 0 0 0 0 0 0 Net flows on debt 72 808 -399 -98 383 1,776 2,660 2,897 4,397 3,472 of which short-term debt ... -204 322 808 1,098 844 1,062 341 -125 Interest payments (INTl - 688 1,701 1,556 1,394 1,302 1,678 1,998 2,036 2,011 Long-term debt 59 310 1,558 1,407 1,290 1,131 1,478 1,687 1,722 1,662 IMF charges 0 0 0 0 0 0 0 0 0 0 Short-term debt -. 378 143 149 104 171 200 311 314 349 Net transfers on debt -. 120 -2,100 -1,654 -1,011 474 982 899 2,361 1,461 Total debt service paid (TDS) -. 951 3,889 3,755 4,008 3,707 5,570 4,345 5,401 4,527 Long-term debt 197 573 3,746 3,606 3,904 3,536 5,370 4,034 5,087 4,177 IIMF repurchases and charges 73 0 0 0 0 0 0 0 0 0 Short-term debt (interest only) .. 378 143 149 104 171 200 311 314 349 2. AG.GREGA-TE NE r RESOLURCE F'LO%% S.-AND N ET 1 RANNF`E RS i LONC UERN1fi NET RESOURCE FLOWS 181 974 340 105 392 1,883 3,848 4,356 7,703 9,780 Net flow of long-term debt (ex. IMF, 115 808 -195 -420 -426 678 1,817 1,834 4,057 3,597 Foreign direct investment (net) 43 157 500 457 729 959 1,667 2,317 3,276 5,982 Portfolio equity flows 0 0 0 0 0 169 320 131 290 116 Grants (excluding technical coop.) 23 8 35 68 89 76 45 74 8 1 85 Memo: technical coop. grants 14 46 85 97 101 100 136 159 154 157 official net resource flows 178 285 -5 -82 -324 -234 -423 -349 -30 -371 private net resource flows 3 688 345 187 717 2,117 4,271 4,705 7,733 10,151 NET TRANSFERS 28 553 -2,182 -2,185 -1,940 -449 971 1,169 4,232 6,219 Interest on tong-term debt 59 310 1,558 1,407 1,290 1,131 1,478 1,687 1,722 1,662 Profit remittances on FDI 94 110 964 884 1,043 1,200 1,~400 1,500 1,750 1,900 Memo: official net transfers 142 157 -632 -751 -972 -813 -938 -855 -498 -776 private net transfers -114 396 -1,550 -1,435 -968 364 1,908 2,023 4,729 6,995 3. MAJOR ECONONICAGGREGAT'ES Gross national product (GNP) 7,019 33,188 38,194 39,643 47,149 53,939 67,967 77,959 81,793 91,166 Exports of goods & services (XGS) 1,025 5,028 9,514 10,356 10,325 10,965 13,028 14,842 15,589 17,028 of which workers remittances 6 68 488 866 630 455 211 172 140 87 Imports of goods & services (MGS) 1,348 6,231 9,510 8,840 10,528 13,750 16,839 19,714 20,926 23,235 International reserves (RES) 207 6,474 4.453 6,335 7,551 7,670 7,862 8,205 9,690 9,611 Current account balance -293 -206 542 2,349 901 -2,102 -3,160 -4,365 -4,946 -5,682 4. DEBI P fDIC ~ikORS EDT~ XGS (% . 117.1 181.0 166.1 167.3 172.8 168.4 168.8 185.4 186.6 EDT /GNP (% . 20.9 45.1 43.4 36.6 35.1 32.3 32.1 35.3 34.9 TDS /XGS ().. 16.0 40.9 36.3 38.8 33.8 42.8 29.3 34.6 26.6 INT /XGS ().. 11.6 17.9 15.0 13.5 11.9 12.9 13.5 13.1 11.8 INT /GNP ().. 2.1 4.5 3.9 3.0 2.4 2.5 2.6 2.5 2.2 RES /EDT ().. 93.3 25.9 36.8 43.7 40.5 35.8 32.8 33.5 30.2 RES /MGS (months) 1.8 12.5 5.6 8.6 8.6 6.7 5.6 5.0 5.6 5.0 Short-term / EDT (91) .. 33.7 8.4 10.2 14.8 19.3 20.5 22.1 20.4 18.1 Concessional / EDT (% . 14.2 5.7 5.5 5.3 4.0 4.3 3.9 3.3 2.8 Multilateral / EDT (91) .. 19.5 35.4 35.8 34.0 29.9 24.6 21.2 16.5 12.8 157 COLOMBIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. L.ONG-TERMI DEBT' DEBT OUTSTANDING (LDOD) 1,580 4,604 15,784 15,450 14,726 15,289 17,448 19,503 23,016 26,018 Public and publicly guaranteed 1,297 4,089 14,671 14,469 13,476 13,243 14,358 13,950 14,854 15,273 Official creditors 1,112 2,393 8,540 8,471 7,816 7,461 7,277 7,066 6,503 5,600 Multilateral 445 1,350 6.103 6.158 5,874 5,657 5,392 5.320 4.765 4,062 Concessional 25 89 219 206 193 180 175 164 152 145 Bilateral 667 1,043 2,437 2,313 1,941 1,803 1,886 1,747 1.738 1,538 Concessional 604 899 769 735 717 577 773 814 790 745 Private creditors 185 1,696 6,131 5,998 5,660 5,782 7,080 6,883 8,351 9,672 Bonds 21 31 275 359 419 875 1,333 1.734 3,410 4,366 Commercial banks 24 1,371 4,208 4,137 3,828 3,724 4,623 4,163 4,095 4,482 Other private 140 294 1,648 1,502 1,414 1,182 1,124 987 847 825 Private nonguaranteed 283 515 1,113 981 1,250 2,046 3,091 5,553 8,162 10,746 Bonds 0 0 0 0 0 0 125 717 820 809 Commercial banks 283 515 1,113 981 1,250 2,046 2,966 4,836 7,341 9,937 Memo: IBRD 354 991 3,859 3,728 3,195 2,969 2,629 2,548 2,177 1,723 IDA 20 21 15 14 13 12 12 11 10 10 DISBURSEMENTS 253 1,071 1,994 1,780 2,189 3,083 5,709 4,181 7,422 6,113 Public and publicly guaranteed 253 1,016 1,847 1,621 1,680 1,786 3,109 1,571 3,461 2,850 Official creditors 194 413 698 713 838 955 1.158 687 880 607 Multilateral 74 303 559 590 681 629 602 397 428 485 Concessional 0 37 4 0 0 0 9 2 0 5 Bilateral 120 11I 139 123 157 326 555 290 453 123 Concessional 101 9 26 1 1 40 15 205 70 50 43 Private creditors 59 603 1,150 908 843 830 1,951 885 2,581 2,242 Bonds 0 0 0 100 100 475 566 535 1,928 1,144 Commercial banks 8 500 874 617 401 260 1,223 257 509 893 Other private 50 103 275 191 342 95 162 93 145 205 Private nonguaranteed 0 55 147 159 508 1,297 2,600 2,610 3,960 3,263 Bonds 0 0 0 0 0 0 125 592 108 0 Commercial banks 0 55 147 159 508 1,297 2,475 2,018 3,852 3,263 Memo: IBRD 58 218 213 301 262 301 310 238 152 189 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 137 263 2,189 2,199 2,614 2,405 3,892 2,347 3,365 2,516 Public and publicly guaranteed 78 250 1,875 1,908 2,375 1,904 2,336 2,200 2,018 1,848 Official creditors 39 136 737 863 1,251 1,266 1,625 1,110 991 1,063 Multilateral 22 s0 527 602 794 915 1,299 647 613 833 Concessional 0 1 12 13 13 13 13 13 13 12 Bilateral 17 57 210 261 457 352 326 463 377 230 Concessional 7 30 36 44 35 47 24 39 38 43 Private creditorS 40 114 1,138 1,045 1,124 638 711 1,090 1.027 785 Bonds 3 3 4 19 41 22 113 120 192 76 Commercial banks 12 52 849 687 683 366 334 723 570 502 Other private 25 59 284 339 401 249 265 248 265 208 Private nonguaranteed 59 13 314 291 239 501 1,556 147 1,347 667 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 59 13 314 291 239 501 1,556 147 1,347 667 Memo: IBRD 17 65 434 492 681 596 836 414 350 437 IDA 0 0 1 1 1 1 1 1 1 1 NET FLOWS ON DEBT 115 808 -195 -420 -426 678 1,817 1,834 4,057 3,597 Public and publicly guaranteed 174 766 -28 -288 -695 -118 772 -628 1,443 1,002 Official creditors 155 277 -40 -150 -413 -311 -467 -423 -111 -456 Multilateral 52 223 32 -12 -113 -286 -697 -250 -186 -349 Concessional 0 37 -8 -13 -13 -13 -4 -11 -13 -7 Bilateral 104 54 -72 -138 -300 -25 230 -173 75 -107 Concessional 94 -21 -10 -32 5 -32 181 31 12 0 Private creditors 19 489 12 -138 -281 192 1,240 -205 1,554 1,457 Bonds -3 -3 -4 81 60 453 453 416 1,736 1,068 Commercial banks -4 449 25 -71 -282 -106 889 -466 -61 391 Other private 26 44 -9 -148 -59 -154 -103 -155 -121 -2 Private nonguaranteed -59 42 -167 -132 269 796 1,044 2,463 2,613 2,595 Bonds 0 0 0 0 0 0 125 592 108 0 Commercial banks -59 42 -167 -132 269 796 919 1,871 2,505 2,595 Memo: IBRD 41 152 -221 -191 -419 -294 -526 -176 -198 -248 IDA 0 0 -1 - 1 -1 -1 -1 -1 - 1 -1 158 COLOMBIA (US8$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 59 310 1,558 1,407 1,290 1,131 1,478 1,687 1,722 1,662 Public and publicly guaranteed 44 279 1,240 1,183 1,077 893 977 962 843 885 Official creditors 36 128 627 669 648 579 515 506 468 406 Multilateral 25 102 476 491 474 457 424 388 366 314 Concessional 0 2 6 4 4 4 5 4 4 3 Bilateral 12 26 150 177 174 122 91 118 102 91 Concessional 8 21 19 29 14 21 1 8 25 26 24 Private creditors 8 151 613 514 429 314 462 457 375 480 Bonds 1 2 27 25 23 25 57 58 43 145 Commercial banks 2 128 461 365 286 179 305 310 254 269 Other private 5 21 124 124 121 110 100 89 78 66 Private nonguaranteed 15 31 318 224 213 239 500 725 879 776 Bonds 0 0 0 0 0 0 0 15 78 82 Commercial banks 15 31 318 224 213 239 500 710 801 695 Memo: IBRD 20 79 318 307 278 242 218 191 170 137 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 56 498 -1,753 -1,826 -1,715 -453 339 147 2,335 1,935 Public and publicly guaranteed 130 487 -1,268 -1,470 -1,772 -1,011 -205 -1,591 601 116 Official creditors 119 149 -666 -819 -1,061 -889 -982 -928 -578 -862 Multilateral 27 121 -445 -503 -587 -742 -1.121 -638 -551 -663 Concessional -1 35 -14 -17 -17 -17 -8 -15 -16 -10 Bilateral 92 28 -222 -316 -474 -147 139 -291 -27 -199 Concessional 86 -42 -29 -62 -9 -53 163 6 -14 -23 Private creditors 11 338 -601 -652 -711 -122 777 -662 1,179 978 Bonds -3 -5 -32 56 36 428 396 357 1,693 924 Commercial banks -7 321 -436 -436 -567 -285 584 -776 -315 122 Other private 21 22 -133 -272 -180 -264 -203 -244 -199 -68 Private nonguaranteed -74 it -485 -356 56 558 544 1,738 1,734 1,819 Bonds 0 0 0 0 0 0 125 577 30 -82 Commercial banks -74 11 -485 -356 56 558 419 1,161 1,704 1.901 Memo: IBRD 21 74 -538 -497 -697 -537 -744 -367 -368 -385 IDA 0 0 -1 -1 -1 -1 -1 -1 -1 -1 DEBT SERVICE (LTDS) 197 573 3,746 3,606 3,904 3,536 5,370 4,034 5,087 4,177 Public and publicly guaranteed 123 529 3,115 3,091 3,452 2,797 3,313 3,162 2,861 2,734 Official creditors 75 264 1,364 1,531 1,898 1,845 2,140 1,615 1,458 1,469 Multilateral 47 181 1,003 1,093 1,268 1,371 1,723 1,035 979 1,148 Concessional 1 2 18 17 17 17 18 17 17 15 Bilateral 28 83 361 439 631 473 417 581 479 321 Concessional 15 51 55 73 49 68 42 64 64 66 Private creditors 47 265 1,751 1,559 1,554 952 1,174 1,547 1,402 1,265 Bonds 3 5 32 44 64 47 170 178 235 220 Commercial banks 15 179 1,311 1,052 969 545 639 1,032 824 771 Other private 29 80 409 463 521 360 365 337 343 274 Private nonguaranteed 74 44 632 515 452 740 2,056 872 2,226 1,444 Bonds 0 0 0 0 0 0 0 15 78 82 Commercial banks 74 44 632 515 452 740 2,056 857 2J148 1,362 Memo: IBRD 37 144 751 798 959 838 1,054 604 520 573 IDA 0 0 1 1 1 1 1 1 1 1 UNDISBURSED DEBT 576 2,455 4,034 4,651 3,895 3,915 2,791 2,756 2,304 2,015 Official creditors 424 1,781 3,468 2,975 2,865 2.948 2.675 2.434 2,107 1,958 Private creditors 153 674 567 1,676 1,029 967 116 322 197 57 Memorandum items ConcessioDal LDOD 629 988 988 940 910 757 948 979 943 890 Variable rate LDOD 283 1,877 7.778 7,777 7,731 8,429 9.656 11,660 14,541 17,227 Public sector LDOD 1,224 4,045 14,630 14,467 13,474 13,241 14,354 13,945 14,848 15,267 Private sector LDOD 356 559 1,154 983 1,252 2,048 3,094 5,558 8,167 10,752 6. Ct-i4RF Nti' COMPOsiITION OF LON'%G- 'FRMI DE BT PERCENT i Deutsche mark 1.3 3.8 6.0 5.4 4.9 4.5 4.3 5.0 3.3 2.2 French franc 0.4 1.9 0.3 0.3 0.3 0.3 0.4 0.4 0.3 0 .2 Japanese yen 0.0 0.1 4.9 4.7 4.2 3.9 4.1 5.6 5.9 4.9 Pound sterling 0.2 0.4 0.3 0.2 0.2 0.2 0.1 0.1 0.1 0.1 Swiss franc 0.3 0.0 0.3 0.2 0.2 0.2 0.2 0.2 0.1 0.1 U.S.dollars 66.1 60.4 44.0 44.2 45.6 48.2 54.9 53.3 62.1 76.7 Multiple currency 29.8 31.3 41.2 42.2 42.5 41.3 34.7 34.3 27.2 15.0 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 1.9 2.1 3.0 2.8 2.1 1.5 1.4 1.0 1.0 0.7 159 COLOMBIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 -1994 1995 1996 1997 7. DEBT RESTRU!CT1URINGS Total amount rescheduled 0 0 0 0 0 254 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 254 0 0 0 0 Principal Tescbleduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven 2 0 1 37 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 24 54 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 S. DEBT STOU K-FLO)%% RECONCILI VTION Total change in debt stocks ... 336 -21 76 1,665 2,998 3,108 3,852 2,878 Net flows on debt ... -399 -98 383 1,776 2,660 2,897 4,397 3,472 Net change in interest arrears ... 25 -9 -9 4 -5 -9 -2 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ... -2 0 -25 -91 0 0 0 0 Cross-currency valuation ... 429 -28 -385 -102 226 47 -515 -510 Residual ... 283 114 112 77 116 174 -29 -85 9. A% [R.GL TERMNS OF NEW~ CONTIMIfMiEN'lS ALL CREDITORS Interest (% 6.0 12.9 8.0 7.3 8.1 7.0 7.1 6.4 7.2 7.4 Maturity (years) 21.2 15.5 16.4 12.0 16.8 12.7 12.3 11.6 9.1 12.3 Grace period (years) 4.8 4.4 4.6 6.0 4.6 3.9 5.4 4.3 5.8 7.6 Grant element (%) 25.8 -20.4 12.2 14.4 10.5 14.1 15.4 17.3 12.6 12.9 Official creditors Interest (%) 5.2 8.9 7.5 6.8 7.8 7.2 6.5 6.4 6.8 7.2 Maturity (years) 29.8 18.0 18.6 18.7 17.9 17.5 19.3 20.4 17.5 18.6 Grace period (years) 7.2 4.3 5.4 5.4 4.5 4.4 5.2 4.8 4.6 4.4 Grant element (%) 36.9 6.5 15.5 20.1 12.7 16.3 21.8 23.2 19.0 16.4 Private creditors Interest (%) 7.2 15.4 9.3 7.4 9.3 6.7 7.5 6.4 7.3 7.5 Maturity (years) 7.2 13.9 9.9 10.9 13.0 6.0 6.9 6.0 7.1 10.9 Grace period (years) 1.0 4.5 2.2 6.1 5.0 3.1 5.6 4.0 6.1 8.4 Grant element (%) 7.9 -37.2 2.3 13.5 2.8 11.0 10.4 13.4 11.0 12.1 Memorandum items Commitments 363 1,566 1,269 2,343 1,075 1,865 2,143 1,792 3,052 2,596 Official creditors 224 602 951 319 831 1,089 933 704 594 493 Private creditors 139 964 318 2,025 244 776 1,209 1,088 2,458 2,102 1 0. CONTKAcTiI AL OBLIG AT ION S ON 0L1" T.- rN D)ING LON-G-IE RMN DEBT- 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 602 491 330 221 147 98 68 32 12 7 Principal 2,708 3,052 2,765 3,083 2,021 2.412 1,622 1,221 1,387 2,034 Interest 1,738 1,594 1,439 1,274 1.076 935 768 666 571 454 Official creditors Disbursements 555 481 329 221 147 98 68 32 12 7 Principal 772 629 611 613 577 530 505 463 440 405 Interest 403 377 353 325 292 260 229 199 169 140 Bilateral creditors Disbursements 52 14 7 4 2 2 2 1 0 0 Principal 241 136 104 104 102 100 86 73 67 67 Interest 83 68 60 53 47 40 35 31 27 24 Multilateral creditors Disbursements 503 467 322 217 145 97 67 31 12 7 Principal 531 493 508 509 475 431 418 390 373 339 Interest 320 309 293 271 245 220 194 167 141 116 Private creditors Disbursements 47 11 0 0 0 0 0 0 0 0 Principal 1,936 2,423 2,154 2,470 1,444 1,882 1,117 758 947 1,629 Interest 1,335 1,218 1,086 950 784 675 539 467 403 314 Commercial banks Disbursements 40 8 0 0 0 0 0 0 0 0 Principal 704 928 794 662 507 434 391 50 22 14 Interest 305 253 191 137 96 61 26 7 4 2 Other private Disbursements 6 3 0 0 0 0 0 0 0 0 Principal 1,232 1,495 1,359 1,808 937 1,448 726 708 925 1,615 Interest 1,030 965 895 813 688 614 513 461 399 312 160 COMOROS (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SL %MAI_xR DEBTF DXTA TOTAL DEBT STOCKS (EDT) .. 44.0 184.9 179.8 188.3 184.9 192.3 203.7 205.6 197.4 Long-term debt (LDOD) 1.2 43.0 172.6 166.0 175.2 169.6 179.0 190.3 192.9 181.1 Public and publicly guaranteed 1.2 43.0 172.6 166.0 175.2 169.6 179.0 190.3 192.9 181.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 1.3 1.2 1.2 3.3 3.3 3.2 2.8 Short-term debt .. 1.0 12.4 12.5 11.8 14.1 9.9 10.1 9.5 13.4 of whicb interest arrears on LDOD .. 0.0 12.2 12.4 11.7 13.1 9.9 8.1 9.5 8.4 Official creditors .. 0.0 12.2 12.4 11.7 13.1 9.9 8.1 9.5 8.4 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDGD .. 0.0 25.5 17.3 19.4 18.8 18.6 26.8 33.0 32.1 Official creditors .. 0.0 25.5 17.3 19.4 18.8 18.6 26.8 33.0 32.1 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits ... 2.0 1.0 1.0 1.0 4.0 4.0 3.0 3.0 TOTAL DEBT FLOWS Disbursements 0.0 13.0 5.4 4.4 17.7 5.5 9.6 9.6 7.0 5.2 Long-term debt 0.0 13.0 5.4 3.1 17.7 5.5 7.7 9.6 7.0 5.2 IMF purchases 0.0 0.0 0.0 1.2 0.0 0.0 1.9 0.0 0.0 0.0 Principal repayments 0.0 0.0 0.2 5.9 3.2 1.6 2.0 0.4 0.8 1.5 Long-term debt 0.0 0.0 0.2 5.9 3.2 1.6 2.0 0.4 0.8 1.3 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 Net flows on debt 0.0 13.0 2.2 -1.6 14.5 4.8 6.7 11.2 4.2 8.7 of which short-term debt ... -3.0 -0. 1 0.0 0.9 -1.0 2.0 -2.0 5.0 Interest payments (INT) .. 0.4 0.8 2.3 2.5 0.6 0.8 0.6 0.6 0.8 Long-term debt 0. 0.3 0.7 2.3 2.5 0.6 0.7 0.5 0.6 0.5 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.1 0.1 0.0 0.0 0.0 0.0 0.1 0.1 0.3 Net transfers on debt .. 12.6 1.3 -3.9 12.0 4.2 5.9 10.6 3.6 7.9 Total debt service paid (TDS) .. 0.4 1.1 8.1 5.7 2.2 2.8 1.0 1.4 2.3 Long-term debt 0.1 0.3 0.9 8.1 5.7 2.1 2.7 0.9 1.4 1.8 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 Short-term debt (interest only) .. 0.1 0.1 0.0 0.0 0.0 0.0 0.1 0.1 0.3 2..AGGREGATE NET RESOURCE 1FLO~kS AND) NEI' I-RAN-SFFRS il.O - rERMti NET RESOURCE FLOWS 3.1 30.9 31.9 33.3 36.5 33.7 25.1 27.9 23.7 17.2 Net flow of long-term debt (ex. IMF) 0.0 13.0 5.2 -2.7 14.5 3.9 5.7 9.2 6.2 4.0 Foreign direct investment (net) 0.0 0.0 -1.0 3.0 -1.0 2.0 3.0 1.0 2.0 2.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 3.1 17.9 27.7 33.0 23.0 27.8 16.4 17.7 15.5 11.2 Memo: technical coop. grants 4.8 6.8 16.8 18.0 19.0 18.4 15.5 16.4 17.9 13.9 official net resource flows 3.1 30.5 32.9 30.3 37.5 31.7 22.1 26.9 21.7 15.2 private net resource flows 0.0 0.4 -1.0 3.0 -1.0 2.0 3.0 1.0 2.0 2.0 NET TRANSFERS 3.0 30.6 30.6 30.2 34.0 33.1 24.4 27.4 23.2 16.6 Interest on long-term debt 0.0 0.3 0.7 2.3 2.5 0.6 0.7 0.5 0.6 0.5 Profit remittances on FDI 0.0 0.0 0.6 0.8 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers 3.1 30.2 32.2 28.0 35.0 31.1 21.4 26.4 21.1 14.7 private net transfers 0.0 0.4 -1.6 2.2 -1.0 2.0 3.0 1.0 2.0 2.0 3. NI.JOR EC0NO%1ICL AGGREGA-TES Gross national product (GNP) 24.7 124.1 249.3 246.3 270.1 265.4 186.2 215.6 213.7 193.7 Exports of goods & services (XGS) .. 15.7 48.0 62.0 67.5 7t.9 57.4 61.4 61.5 59.6 of which workers remittances .. 1.6 9.9 10.1 16.0 16.0 15.2 12.2 16.9 14.1 Imports of goods & services (MGS) .. 34.3 93.4 103.1 110.8 100.7 93.2 105.7 97.3 96.1 International reserves (RES) ... 29.9 29.4 27.3 39.0 44.4 44.9 50.9 40.8 Current account balance .. 8.9 -10.5 -10.2 -14.2 9.6 -7.2 -19.0 41. DEBTI INDICAL F'ORS EDT/XGS(% . 280.1 385.3 290.0 278.9 257.2 335.0 331.8 334.3 331.2 EDT /GNP (% . 35.4 74.2 73.0 69.7 69.7 103.3 94.5 96.2 101.9 TDS /XGS (U . 2.6 2.3 13.1 8.4 3.0 4.8 1.6 2.3 3.9 TNT/XGS (U . 2.6 1.8 3.7 3.7 0.9 1.3 0.9 1.0 1.3 INT /GONP U) 0.3 0.3 0.9 0.9 0.2 0.4 0.3 0.3 0.4 RES /EDT ()... 16.2 16.3 14.5 21.1 23.1 22.0 24.8 20.7 RES /MGS (months) ... 3.8 3.4 3.0 4.6 5.7 5.1 6.3 5.1 Short-term!I EDT (%) .. .3 6.7 7.0 6.3 7.6 5.2 4.9 4.6 6.8 Concessional / EDT (U . 96.8 85.9 87.6 89.3 87.9 89.2 89.6 89.5 87.6 Multilateral / EDT (U) .. 48.2 61.6 62.2 65.3 69.6 73.5 75.0 75.6 76.6 161 COMOROS (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 -5. 1-ONG-T-lERM% DEBT DEBT OUTSTANDING (LDOD) 1.2 43.0 172.6 166.0 175.2 169.6 179.0 190.3 192.9 181.1 Public and publicly guaranteed 1.2 43.0 172.6 166.0 175.2 169.6 179.0 190.3 192.9 181.1 Official creditorS 1.2 42.6 172.6 166.0 175.2 169.6 179.0 190.3 192.9 181.1 Multilateral 0.0 21.2 113.9 111.9 122.9 128.6 141.4 152.8 155.5 151.2 Concessional 0.0 21.2 100.2 103.4 115.8 121.5 133.9 145.1 146.6 142.9 Bilateral 1.2 21.4 58.6 54.1 52.3 41.0 37.7 37.5 37.4 30.0 Concessional 1.2 21.4 58.6 54.1 52.3 41.0 37.7 37.5 37.4 30.0 Private creditors 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 4.2 37.5 39.0 40.1 44.8 53.9 64.1 68.2 69.6 DISBURSEMENTS 0.0 13.0 5.4 3.1 17.7 5.5 7.7 9.6 7.0 5.2 Public and publicly guaranteed 0.0 13.0 5.4 3.1 17.7 5.5 7.7 9.6 7.0 5.2 Official creditors 0.0 12.6 5.4 3.1 17.7 5.5 7.7 9.6 7.0 5.2 Multilateral 0.0 6.1 1.3 3.1 17.5 5.5 7.7 9.6 7.0 5.2 Concessional 0.0 6.1 1.3 3.1 17.5 5.5 7.7 9.6 7.0 5.2 Bilateral 0.0 6.5 4.2 0.0 0.2 0.0 0.0 0.0 0.0 0.0 Concessional 0.0 6.5 4.2 0.0 0.2 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 1.8 0.7 1.4 2.6 4.9 7.6 9.6 6.4 5.2 PRINCIPAL REPAYMENTS 0.0 0.0 0.2 5.9 3.2 1.6 2.0 0.4 0.8 1.3 Public and publicly guaranteed 0.0 0.0 0.2 5.9 3.2 1.6 2.0 0.4 0.8 1.3 Official creditors 0.0 0.0 0.2 5.9 3.2 1.6 2.0 0.4 0.8 1.3 Multilatcral 0.0 0.0 0.2 5.6 3.0 1.6 0.7 0.4 0.8 1.0 Concessional 0.0 0.0 0.2 0.5 1.9 1.6 0.7 0.4 0.8 1.0 Bilateral 0.0 0.0 0.0 0.3 0.2 0.0 1.3 0.0 0.0 0.3 Concessional 0.0 0.0 0.0 0.3 0.2 0.0 1.3 0.0 0.0 0.3 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0) 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial baniks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.2 0.2 0.3 0.4 0.4 0.4 NET FLOWS ON DEBT 0.0 13.0 5.2 -2.7 14.5 3.9 5.7 9.2 6.2 4.0 Public and publicly guaranteed 0.0 13.0 5.2 -2.7 14.5 3.9 5.7 9.2 6.2 4.0 Official creditors 0.0 12.6 5.2 -2.7 14.5 3.9 5.7 9.2 6.2 4.0 Multilateral 0.0 6.1 1.0 -2.4 14.4 3.9 7.1 9.2 6.2 4.2 Concessional 0.0 6.1 1.0 2.7 15.5 3.9 7.1 9.2 6.2 4.2 Bilateral 0.0 6.5 4.1 -0.3 0.1 0.0 -1.3 0.0 0.0 -0.3 Concessional 0.0 6.5 4.1 -0.3 0.1 0.0 -1.3 0.0 0.0 -0.3 Private creditors 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 1.8 0.6 1.3 2.3 4.6 7.3 9.2 6.1 4.8 162 COMOROS (U,S$ millioni, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0.0 0.3 0.7 2.3 2.5 0.6 0.7 0.5 0.6 0.3 Public and publicly guaranteed 0.0 0.3 0.7 2.3 2.5 0.6 0.7 0.5 0.6 0.5 Official creditors 0.0 0.3 0.7 2.3 2.5 0.6 0.7 0.5 0.6 0.5 Multilateral 0.0 0.0 0.4 1.8 2.0 0.6 0.7 0.5 0.6 0.5 Concessional 0.0 0.0 0.4 1.2 1.0 0.6 0.7 0.5 0.6 0.5 Bilateral 0.0 0.3 0.3 0.4 0.4 0.0 0.0 0.0 0.0 0.0 Concessional 0.0 0.3 0.3 0.4 0.4 0.0 0.0 0.0 0.0 0.0 Private creditorS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.3 0.3 0.3 0.3 0.3 0.4 0.5 0.5 NET TRANSFERS ON DEBT -0.1 12.7 4.5 -5.0 12.0 3.3 5.0 8.7 5.7 3.4 Public and publicly guaranteed -0.1 12.7 4.5 -5.0 12.0 3.3 5.0 8.7 5.7 3.4 Official creditors -0. 1 12.3 4.5 -5.0 12.0 3.3 5.0 8.7 5.7 3.4 Multilateral 0.0 6.1 0.6 -4.3 12.4 3.3 6.3 8.7 5.7 3.7 Concessional 0.0 6.1 0.6 1.5 14.6 3.3 6.3 8.7 5.7 3.7 Bilateral -0. 1 6.2 3.9 -0.7 -0.3 0.0 -1.3 0.0 0.0 -0.3 Concessional -0. 1 6.2 3.9 -0.7 -0.3 0.0 -1.3 0.0 0.0 -0.3 Private creditors 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Otber private 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 1.7 0.3 0.9 2.0 4.3 7.0 8.7 5.6 4.3 DEBT SERVICE (LTDS) 0.1 0.3 0.9 8.1 5.7 2.1 2.7 0.9 1.4 1.8 Public and publicly guaranteed 0.1 0.3 0.9 8.1 5.7 2.1 2.7 0.9 1.4 1.8 Official creditors 0.1 0.3 0.9 8.1 5.7 2.1 2.7 0.9 1.4 1.8 Multilateral 0.0 0.0 0.6 7.4 5.1 2.1 1.4 0.9 1.4 1.5 Concessional 0.0 0.0 0.6 1.6 2.9 2.1 1.4 0.9 1.4 1.5 Bilateral 0.1 0.3 0.3 0.7 0.6 0.0 1.3 0.0 0.0 0.3 Concessional 0.1 0.3 0.3 0.7 0.6 0.0 1.3 0.0 0.0 0.3 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.3 0.4 0.5 0.5 0.6 0.8 0.8 0.9 UNDISBURSED DEBT 0.0 49.8 56.8 83.6 57.2 33.3 37.3 28.7 16.8 30.6 Official creditors 0.0 48.8 56.8 83.6 57.2 33.3 37.3 28.7 16.8 30.6 Private creditors 0.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD 1.2 42.6 158.8 157.5 168.1 162.5 171.5 t82.6 183.9 172.9 Variable rate LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD 1.2 43.0 172.6 166.0 175.2 169.6 179.0 190.3 192.9 181.1 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CL'RRENCI CunlrOSIIIO-N OF LONG-TERM DEBT 'PERCEN.Ti Deutsche mark 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Prencb franc 100.0 2.8 23.8 22.5 20.7 21.0 19.5 18.5 17.6 17.6 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 0.0 38.4 17.3 18.6 18.8 22.2 25.5 29.2 31.6 35.4 MUltiple CUrrency 0.0 10.2 8.1 8.4 7.2 6.3 5.5 5.0 4.7 4.5 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 0.0 48.6 50.8 50.4 53.3 50.5 49.4 47.2 46.2 42.5 163 COMOROS (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBI RL STRUt T1. RING.S Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 4.9 8.6 2.0 2.1 0.7 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 4.6 4.7 1.8 2.0 1.8 Official 0.0 0.0 0.0 0.0 0.0 4.6 4.7 1.8 2.0 1.8 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.3 3.9 0.2 0.1 0.1 Official 0.0 0.0 0.0 0.0 0.0 0.3 3.9 0.2 0.1 0.1 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.1 4.2 0.0 11.3 4.6 0.4 0.2 0.0 Memo: interest forgiven ... 0.0 0.2 0.0 0.0 0.7 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 I(. DEBT SI O]CK-FI.0" RECONCI LI ATlION Total change in debt stocks . . 11.0 -5.1 8.4 -3.3 7.3 11.5 1.9 -8.2 Net flows on debt ... 2.2 -1.6 14.5 4.8 6.7 11.2 4.2 8.7 Net change in interest arrears ... 3.0 0.2 -0.7 1.4 -3.1 -1.9 1.4 -1.0 Interest capitalized ... 0.0 0.0 0.0 0.3 3.9 0.2 0.1 0.1 Debt forgiveness or reduction ... -0. 1 -4.2 0.0 -11.3 -4.6 -0.4 -0.2 0.0 Cross-currency valuation . . 8.6 -0.4 -5.4 -2.4 6.4 4.3 -4.1 -7.4 Residual . . -2.0 0.8 0.0 3.9 -1.9 -1.9 0.4 -8.6 9J. kN FRAG(L IE1RMS OF NE%% CONTITNIlLN-rS ALL CREDITORS Interest I(%) 0.0 1.3 2.0 0.9 0.0 0.0 0.8 0.0 0.0 0.5 Maturity (years) 0.0 43.1 29.8 39.1 0.0 0.0 39.6 0.0 0.0 39.8 Grace period (years) 0.0 9.0 10.3 9.3 0.0 0.0 10.1 0.0 0.0 10.3 Grant element I(%) 0.0 74.5 65.9 77.4 0.0 0.0 80.4 0.0 0.0 82.8 Official creditors Interest (%) 0.0 0.8 2.0 0.9 0.0 0.0 0.8 0.0 0.0 0.5 Maturity (years) 0.0 45.6 29.8 39.1 0.0 0.0 39.6 0.0 0.0 39.8 Grace period (years) 0.0 9.5 10.3 9.3 0.0 0.0 10.1 0.0 0.0 10.3 Grant element I(%) 0.0 79.1 65.9 717.4 0.0 0.0 80.4 0.0 0.0 82.8 Private creditors Interest (%) 0.0 7.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 5.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Granit element (%) 0.0 5.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 0.0 23.4 0.9 31.3 0.0 0.0 18.1 0.0 0.0 20.1 Official creditors 0.0 21.9 0.9 31.3 0.0 0.0 18.1 0.0 0.0 20.1 Private creditors 0.0 1.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11).UO'(NFIRV I-JL AIOBLI.16ArU1)NS( )ON 1 rsr LNI IN(- LO'N(G-rER.%l DFBI 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 5.3 7.9 5.9 4.7 3.3 2.2 1.2 0.1 0.0 0.0 Principal 7.7 8.3 7.5 7.4 6.6 5.2 4.4 4.6 4.6 4.1 Interest 1.7 1.6 1.5 1.3 1.2 LI 1.1 1.0 1.0 1.0 Official creditors Disbursements 5.3 7.9 5.9 4.7 3.3 2.2 1.2 0.1 0.0 0.0 Principal 7.7 8.3 7.5 7.4 6.6 5.2 4.4 4.6 4.6 4.1 Interest 1.7 1.6 1.5 1.3 1.2 1.1 1.1 1.0 1.0 1.0 Bilateral creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PriDcipal 2.6 2.7 1.8 1.1 1.1 1.1 1.0 1.0 1.0 0.8 Interest 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Multilateral creditors Disbursements 5.3 7.9 5.9 4.7 3.3 2.2 1.2 0.1 0.0 0.0 Principal 5.1 5.6 5.8 6.2 5.4 4.1 3.4 3.6 3.5 3.3 Interest 1.5 1.4 1.3 1.2 1.0 0.9 0.9 0.9 0.9 0.9 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDterest 0.0 0.0 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 164 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUMIMAR'I DEBT DAT.-% TOTAL DEBT STOCKS (EDT) 4,770 10,276 10,826 10,'964 11,270 12,322 13,241 12,826 12,330 Long-term debt (LDOD) 311 4,071 9,006 9,271 8,948 8,769 9,281 9,621 9,262 8,617 Public and publicly guaranteed 311 4,071 9,006 9,271 8,948 8,769 9,281 9,621 9,262 8,617 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 373 521 473 454 454 478 485 433 407 Short-term debt 326 743 1,083 1,562 2,047 2,564 3,135 3,131 3,306 of which interest arrears on LDOD .. 30 265 692 1,253 1,792 2,445 2,953 3,008 2,941 Official creditors .. 21 166 585 1,058 1,512 2,127 2,627 2,685 2,624 Private creditors ..8 99 108 195 280 318 326 324 318 Memo: principal arrears on LDOD .. 37 1,049 1,762 2.089 2,450 3,080 4,564 4,679 4,654 Official creditors .. 13 375 1,035 1.359 1,713 2,299 3,747 3,858 3,843 Private creditors .. 23 674 727 730 737 781 817 821 811 Memo: export credits ... 4,604 4,672 4,211 4,489 4,911 3,566 3,797 4,066 TOTAL DEBT FLOWS Disbursements 32 603 316 304 83 58 1 0 3 0 Long-term debt 32 463 316 304 83 58 1 0 3 0 IMF purchases 0 140 0 0 0 0 0 0 0 0 Principal repayments 28 277 200 91 29 4 5 1 37 0 Long-term debt 28 192 49 41 29 4 0 0 0 0 IMF repurchases 0 85 152 49 0 0 4 1 37 0 Net flows on debt 3 326 89 125 -28 0 -140 61 -91 242 of which short-term debt .... 27 -88 -81 -54 -136 63 -58 242 Interest payments (INT) -- 265 148 87 48 23 11 24 12 13 Long-termn debt 9 205 89 56 27 7 0 0 0 0 IMF charges 0 15 38 1 1 9 3 1 16 5 0 Short-term debt .. 45 21 20 13 13 9 8 7 12 Net transfers on debt .. 61 -59 38 -76 -23 -151 38 -103 229 Total debt service paid (TDS) -. 542 348 177 77 28 16 25 48 13 Long-termn debt 37 397 137 98 56 12 1 0 0 0 IMF repurchases and charges 0 101 190 60 9 3 6 18 42 0 Short-term debt (interest only) .. 45 21 20 13 13 9 8 7 12 2. AGGREG I-E NETf RESOURIKL FLO%1s S ND NET UFR.%NSFERSiL_ONCG-ERkTt NET RESOURCE FLOWS 42 368 629 738 164 129 223 162 130 103 Net flow of long-term debt (ex. IMF) 3 271 267 263 54 53 1 0 3 0 Foreign direct investment (net) 0 0 -12 1 1 1 1 1 2 1 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 38 96 374 474 109 75 221 161 125 102 Memno: technical coop. grants 42 168 147 110 87 57 38 55 58 70 official net resource flows 45 195 653 750 167 128 22 161 128 102 private net resource flows -4 173 -24 -12 -4 1 1 1 2 1 NET TRANSFERS 3 36 532 682 74 71 182 112 90 65 Interest on long-term debt 9 205 89 56 2.7 7 0 0 0 0 Profit remnittances on FDI 30 128 8 0 63 50 40 50 40 38 Memo: official net transfers 40 90 577 700 1_41 120 221 161 128 102 private net transfers -37 -54 -45 -19 -67 -49 -39 -49 -38 -37 3. QAJOR ECONOMIC %G(GREG XTES Gross national product (GNPJ 3,950 14,411 8,579 8,330 8,206 8,337 6,312 5,477 5,141 5,307 Exports of goods & services (XGS) 803 2.404 22,5 84 1,876 1,381 1,295 1,322 1,770 1,793 1,458 of which workers remittances 2 0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) 710 2,679 3,294 2,856 2,158 1,707 1,853 29263 2,115 2,149 International reserves (RES) 189 380 261 193 166 55 131 157 Current account balance.....* 4. DEBT INDIC I I ORS EDT /XGS (% . 198.4 397.5 577.2 793.8 870.4 932.2 748.0 715.4 845.7 EDT! GNP ().. 33.1 119.7 130.0 133.6 135.2 195.2 241.8 249.5 232.3 TDS / XGS (%) .. 22.6 13.5 9.5 5.6 2.1 1.2 1.4 2.7 0.9 INT XGS (%) .. 11.0 5.7 4.6 3.5 1.8 0.8 1.3 0.7 0.9 INTl GNP (%) .. 1.8 1.7 1.0 0.6 0.3 0.2 0.4 0.2 0.2 RES /EDT (%) .. 8.0 2.5 1.8 1.5 0.5 1.1 1.2 RES /MGS (months) 3.2 1.7 0.9 0.8 0.9 0.4 0.9 0.8 Short-term / EDT (%) .. 6.8 7.2 10.0 14.2 18.2 20.8 23.7 24.4 26.8 Concessional / EDT (%1) .. 18.1 30.3 29.9 29.0 28.3 27.4 26.3 26.0 25.2 Multilateral / EDT (%) .. 6.7 18.8 20.4 19.8 19.6 18.9 18.0 18.1 17.7 165 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONU-6I ERNI D)EBH' DEBT OUTSTANDING (LDOD) 311 4,071 9,006 9,271 8,948 8,769 9,281 9,621 9,262 8,617 Public and publicly guaranteed 311 4,071 9,006 9,271 8,948 8,769 9,281 9,621 9,262 8,617 Official creditors 222 2,609 8,117 8,399 8,096 7,933 8,420 8,744 8,401 7,783 Multilateral 6 322 1,929 2,205 2,174 2,211 2,326 2,382 2,319 2,179 Concessional 1 194 1,426 11525 1,527 1,568 1,641 1,679 1,626 1,537 Bilateral 216 2,287 6,189 6,194 5,921 5,722 6,095 6,362 6.082 5,604 Concessional 216 667 1,689 1.717 1,654 1,624 1,735 1,804 1,708 1,566 Private creditors 90 1,462 889 872 852 836 860 878 861 834 Bonds 4 7 5 5 4 4 5 5 4 4 Commercial banks 0 553 524 519 516 511 518 523 518 510 Other privatc 85 902 360 348 332 321 337 350 339 320 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 5 87 49 87 81 83 88 92 87 82 IDA 1 159 1.113 1.183 1,194 1,243 1.294 1,321 1,284 1,225 DISBURSEMENTS 32 463 316 304 83 58 1 0 3 0 Public and publicly guaranteed 32 463 316 304 83 58 1 0 3 0 Official creditors 13 201 313 304 83 58 1 0 3 0 Multilaterat 1 69 222 283 83 58 1 0 0 0 Concessional 1 27 125 95 66 58 1 0 0 0 Bilateral 12 132 91 21 0 0 0 0 3 0 Concessional 12 105 88 21 0 0 0 0 3 0 Private creditors 19 263 3 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 92 0 0 0 0 0 0 0 0 Other private 19 171 3 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 23 21 48 7 0 0 0 0 0 IDA 1 20 89 66 54 48 1 0 0 0 PRINCIPAL REPAYMENTS 28 192 49 41 29 4 0 0 0 0 Public and publicly guaranteed 28 192 49 41 29 4 0 0 0 0 Official creditors 6 102 34 28 24 4 0 0 0 0 Multilateral 1 12 28 27 23 4 0 0 0 I Concessional 0 0 3 4 5 4 0 0 0 0 Bilateral 5 90 6 1 1 0 0 0 0 0 Concessional 4 2 5 0 0 0 0 0 0 0 Private creditors 23 90 15 13 5 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 36 5 4 0 0 0 0 0 0 Other private 22 53 1 0 10 5 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 6 5 14 10 0 0 0 0 0 IDA 0 0 2 3 5 3 0 0 0 0 NET FLOWS ON DEBT 3 271 267 263 54 53 1 0 3 0 Public and publicly guaranteed 3 271 267 263 54 53 1 0 3 0 Official creditors 7 98 279 276 58 53 1 0 3 0 Multilateral -1 56 194 256 59 53 1 0 0 0 Concessional 1 27 122 91 61 53 1 0 0 0 Bilateral 7 42 85 20 -1 0 0 0 3 0 Concessional 8 102 84 21 0 0 0 0 3 0 Private creditors -4 173 -12 -13 -5 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 56 -5 -4 0 0 0 0 0 0 Other private -4 117 -7 -10 -5 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -1 17 16 34 -3 0 0 0 0 0 IDA 1 20 87 63 49 45 1 0 0 0 166 CONGO, DEMOCRATIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 9 205 89 56 27 7 0 0 0 0 Public and publicly guaranteed 9 205 89 56 27 7 0 0 0 0 Official creditors 5 105 76 50 26 7 0 0 0 0 Multilateral 0 11 40 43 26 7 0 0 0 0 Concessional 0 2 8 10 10 7 0 0 0 0 Bilateral 5 94 36 7 0 0 0 0 0 0 Concessional 5 45 8 5 0 0 0 0 0 0 Private creditors 4 99 12 7 1 0 0 0 0 0 Bonds 0 1 0 0 0 0 0 0 0 0 Commercial banks 0 69 6 2 0 0 0 0 0 0 Other private 4 30 6 4 1 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 8 1 6 7 1 0 0 0 0 IDA 0 1 7 8 9 5 0 0 0 0 NET TRANSFERS ON DEBT -6 67 179 207 27 46 1 0 3 0 Public and publicly guaranteed -6 67 179 207 27 46 1 0 3 0 Official creditors 2-7 203 226 32 46 1 0 3 0 Multilateral -1 45 154 213 34 46 1 0 0 0 Concessional 1 25 114 82 52 47 1 0 0 0 Bilateral 3~ -52 49 13 -1 0 0 0 3 0 Concessional 3 57 76 17 0 0 0 0 3 0 Private creditors -7 74 -24 -20 -5 0 0 0 0 0 Bonds 0 -1 -1 -1 0 0 0 0 0 0 Commercial banks 0 -14 -11 -6 0 0 0 0 0 0 Other private -7 88 -13 -14 -5 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -2 9 14 28 -9 -1 0 0 0 0 IDA 1 19 80 54 41 41 1 0 0 0 DEBT SERVICE (LTDS) 37 397 137 98 56 12 1 0 0 0 Public and publicly guaranteed 37 397 137 98 56 12 1 0 0 0 Official creditors 11 208 110 78 50 12 1 0 0 0 Multilateral 2 24 68 70 49 12 1 0 0 0 Concessional 0 2 It 14 15 1 1 1 0 0 0 Bilateral 10 184 42 8 1 0 0 0 0 0 Concessioinal 9 48 13 5 0 0 0 0 0 0 Private creditors 26 189 27 20 5 0 0 0 0 0 Bonds 0 1 1 1 0 0 0 0 0 0 Commercial banks 0 105 it 6 0 0 0 0 0 0 Other private 26 83 16 14 5 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comnmercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 2 14 6 20 16 1 0 0 0 0 IDA 0 1 9 11 13 8 0 0 0 0 UNDISBURSED DEBT 288 818 1,659 1,395 1,209 1,050 943 962 451 409 Official creditors 52 743 1,595 1,340 1,158 1,002 891 906 398 363 Private creditors 236 75 65 55 52 48 52 57 53 46 Memorandum items Concessional LDOD 216 862 3,115 3,242 3.181 3,192 3,376 3,483 3,334 3.102 Variable rate LDOD 0 508 1,369 1,403 1,359 1,327 1,372 1,406 1,376 1,318 Public sector LDOD 311 4,071 9,006 9,257 8,934 8,755 9,266 9,606 9,247 8.603 Private sector LDOD 0 0 0 14 14 14 15 15 15 14 6j. CU'RRENCI COMlP(SI I [ON OF LON(,-T[E RM% DEBTI PERCENTI Deutsche mark 2.2 5.9 6.9 6.6 6.5 6.2 6.5 6.8 6.5 6.0 French franc 3.8 13.6 16.4 16.0 15.6 14.9 15.5 16.3 15.9 14.9 Japanese yen 0.0 1.5 3.0 3.1 3.3 3.7 3.9 3.7 3.4 3.2 Pound sterling 2.4 4.1 1.2 1.1 0.9 0.9 0.9 0.9 1.0 1.0 Swiss franc 0.0 0.4 0.2 0.2 0-2 0.2 0.2 0.3 0.2 0.2 U.S.dollars 41.5 42.2 41.4 40.9 42.5 43.9 42.1 40.9 42.0 44.5 Multiple currency 1.6 2.1 3.2 4.0 4.1 4.2 4.3 4.2 4.1 4.1 Special drawing rights 0.0 0.0 0.2 0.4 0.4 0.4 0.4 0.4 0.4 0.4 All other currencies 48.5 30.3 27.5 27.6 26.6 25.6 26.2 26.7 26.5 25.6 167 CONGO, DEMOCRATIC REPUBLIC OF (US$ millioni, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEFBT RESTRI.CT[URJNGs Total amount rescheduled 0 .. 446 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 Prinicipal rescheduled 0 259 0 0 0 0 0 0 0 Official 0 252 0 0 0 0 0 00 Private 0 7 0 0 0 0 0 0 0 Interest rescheduled 0 131 0 0 0 0 0 0 0 Official 0 129 0 0 0 0 0 0 0 Private 0 ..2 0 0 0 0 0 0 0 Debt forgiven 9 0 0 0 0 0 0 0 Memo: interest forgiven 15 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 8. DFB 1I NTOCK-FL( Wi RECO)NCILIATION Total change in debt stocks ..1,031 556 137 307 1,052 919 -415 -497 Net flows on debt 89 125 -28 0 -140 61 -91 242 Net change in interest arrears 125 428 560 539 653 508 55 -67 Interest capitalized ..131 0 0 0 0 0 0 0 Debt forgiveness or reduction ... -9 0 0 0 0 0 0 0 Cross-currency valuation ... 598 -18 -296 -209 489 338 -297 -487 Residual ... 98 21 -99 -23 50 11 -82 -185 9..%% ERAGE 'I'ERNIS OF \%E%% CONlM1IIMENTS ALL CREDITORS Interest (%) 6.5 5.1 5.8 2.5 12.0 0.0 0.0 2.5 0.0 0.0 Maturity (years) 12.5 22.7 23.4 34.5 7.3 0.0 0.0 19.9 0.0 0.0 Grace period (years) 3.6 6.3 6.0 8.7 0.3 0.0 0.0 4.4 0.0 0.0 Grant element (%) 18.3 39.4 30.8 67.5 -6.8 0.0 0.0 48.7 0.0 0.0 Official creditors Interest (%) 2.6 2.8 5.8 2.5 12.0 0.0 0.0 2.5 0.0 0.0 Maturity (years) 32.6 28.9 23.4 34.5 7.3 0.0 0.0 19.9 0.0 0.0 Grace petiod (years) 8.5 8.5 6.0 8.7 0.3 0.0 0.0 4.4 0.0 0.0 Grant element (%) 59.8 57.2 30.8 67.5 -6.8 0.0 0.0 48.7 0.0 0.0 Private creditors Interest (%) 6.9 9.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 10.1 9.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (yeaTS) 3.0 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 13.3 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 258 438 109 92 4 0 0 14 0 0 Official creditors 27 298 109 92 4 0 0 14 0 0 Private creditors 231 140 0 0 0 0 0 0 0 0 lip. CON IRAU.%T1 -XL O(IBIG % IONS 0% 0L Th1ANDIN6i LON(i-TE R%I DEI~BI 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 4 5 3 2 t 1 00 0 0 Principal 398 365 346 322 292 203 203 192 186 172 Interest 186 163 142 122 104 90 80 71 62 54 Ofricial creditors Disbursements 4 5 3 2 1 1 0 0 0 0 Principal 383 361 345 321 292 203 203 192 186 172 Interest 185 163 142 122 104 90 80 71 62 54 Bilateral creditors Disbursements 2 4 3 2 1 1 0 0 0 0 Principal 236 237 222 221 218 130 131 131 125 112 Interest 132 117 104 90 77 66 59 52 45 39 Multilater-al creditors Disbursements 2 1 0 0 0 0 0 0 0 0 Principal 147 124 124 100 73 73 72 61 61 60 Interest 54 46 39 32 27 24 21 19 17 15 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 15 3 0 0 0 0 0 0 0 0 Interest I 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 15 3 0 0 0 0 0 0 0 0 Interest I 0 0 0 0 0 0 0 0 0 168 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. StIAIMARIf DEHI DATAA TOTAL DEBT STOCKS (EDT) . 1,526 4,953 4,832 4,770 5,681 5,414 6,004 5,241 5,071 Long-term debt (LDOD) 119 1,257 4,206 4,041 3,876 4,114 4,774 4,955 4,666 4,284 Public and publicly guaranteed 119 1,257 4,206 4,041 3,876 4,114 4,774 4,955 4.666 4,284 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMFcredit 0 22 11 6 6 5 20 19 38 34 Short-term debt .. 247 736 785 889 962 619 1,030 537 754 of which interest arrears on LDOD ..4 181 324 496 643 265 441 283 372 Official creditors ..2 77 204 370 508 170 332 155 227 Private creditors ..2 104 120 126 134 95 109 128 144 Memo: principal arrears on LDOD .. 10 572 757 1,029 1,255 796 1,028 1,011 1,228 Official creditors --5 127 258 486 701 400 595 521 671 Private creditors ..5 444 499 543 555 396 433 491 558 Memo: export credits ... 1,877 1,331 1,580 1,641 1,865 2,459 2,338 2,125 TOTAL DEBT FLOWS Disbursements 18 526 319 38 132 459 350 15 24 24 Long-term debt 18 522 314 38 132 459 332 15 4 24 IMF purchases 0 4 5 0 0 0 18 0 20 0 Principal repayments 6 41 362 209 98 77 305 84 140 55 Long-term debt 6 34 355 204 98 76 302 82 140 53 IMF repurchases 0 7 7 5 0 1 3 2 0 2 Net flows on debt 13 485 95 -266 -35 310 79 166 -451 96 of which short-term debt ... 138 -94 -68 -73 34 236 -335 128 Interest payments (INT) .. 68 169 91 64 51 252 97 199 57 Long-term debt 3 37 120 50 29 21 232 61 180 40 IMFEcharges 0 1 1 1 0 0 1 1 1 1 Short-term debt .. 31 48 40 35 30 20 35 18 16 Net transfers on debt -. 417 -74 -357 -99 258 -174 69 -649 39 Total debt service paid (TDS) .. 109 531 300 162 128 557 181 339 112 Long-term debt 9 71 475 255 127 97 534 142 320 93 IMF repurchases and charges 0 8 8 6 0 1 4 3 1 3 Short-term debt (interest only) .. 31 48 40 35 30 20 35 18 16 2. 4GGREG ~IE NETf R-ESOUiRCE [I1 ADNET F`RANSFERS LtONG-TER3NIi NET RESOURCE FLOWS 18 548 8 -134 73 457 215 22 171 211 Net flow of long-term debt (ex. IMF) 13 488 -42 -167 33 383 30 -67 -136 -30 Foreign direct investment (net) 0 40 0 5 4 4 5 3 8 9 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 5 20 50 28 36 70 181 86 299 232 Memo: technical coop. grants 10 37 51 46 48 46 38 41 40 32 official net resource flows 19 108 108 56 52 77 366 69 177 202 private net resource flows -1 440 -100 -190 21 380 -151 -47 -7 9 NET TRANSFERS 15 505 -112 -184 43 431 -21 -41 -11 169 Interest on tong-term debt 3 37 120 50 29 21 232 61 180 40 Profit remittances on FDI 0 6 0 0 2 5 4 3 2 2 Memo: official net transfers 17 83 40 42 46 72 185 49 1 162 private net transfers -2 421 -151 -226 -3 359 -205 -90 -12 7 31. MLAJOR ECONOMIIC A%GGREGA-rES Gross national product (GNP) 267 1.544 2,324 2,279 2,555 1,652 1,515 1,717 1,896 1,821 Exports of goods & services (XGS) .. 1,030 1,503 1,226 1,257 1,187 1.028 1,246 1,657 1,805 of which workers remittances ..1 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 1,195 1,757 1,683 1,555 1,731 1,900 1,889 2,752 2,037 International reserves (RES) .. 93 10 9 8 6 55 64 95 63 Current account balance .. 167 -251 -462 -317 -553 -793 -650 -1,109 -252 4. DE{BT LNDICATORS EDT /XGS (% . 148.2 329.6 394.2 379.4 428.2 526.7 481.8 316.2 280.9 EDT/GNP(% . 98.8 213.1 212.0 186.7 307.6 357.4 349.7 276.4 278.4 TDS /XGS (% . 10.6 35.3 24.5 12.9 10.8 54.2 14.5 20.4 6.2 INT/XGS(% . 6.6 11.2 7.4 5.1 4.3 24.5 7.8 12.0 3.2 INTl GNP (% . 4.4 7.3 4.0 2.5 3.1 16.7 5.6 10.5 3.1 RES /EDT (% . 6.1 0.2 0.2 0.2 0.1 1.0 1.1 1.8 1.2 RES /MGS (months) .. 0.9 0.1 0.1 0.1 0.0 0.3 0.4 0.4 0.4 Short-term /EDT (%) .. 16.2 14.9 16.2 18.6 18.9 11.4 17.2 10.2 14.9 Concessional / EDT (% . 26.5 35.2 37.6 36.8 33.3 34.8 33.0 38.2 36.6 Multilateral!f EDT (%) .. 7.7 11.5 11.8 11.3 10.5 13.0 11.7 12.9 12.2 169 CONGO, REPUBLIC OF (US$ millioni, unless otherwise inidicated) 1970 1980 2990 1991 1992 1993 2994 2995 1996 1997 5.I O(JNG-'F'R% kiFitr DEBT OUTSTANDING (LDOD) 119 1,257 4,206 4,041 3,876 4,114 4,774 4,955 4,666 4,284 Public and publicly guaranteed 119 1.257 4,206 4,041 3,876 4,114 4,774 4,955 4,666 4,284 Official creditor-s 104 605 3,059 3,149 2,992 2,882 3,833 4,043 3,799 3,452 Multilateral 29 118 570 571 537 534 702 703 675 619 Concessional 0 49 151 152 148 145 255 262 252 239 Bilateral 75 487 2.490 2,578 2.456 2,348 3,131 3,340 3,125 2,832 Coricessional 75 355 1,590 1,665 1,609 1,545 1,629 1,722 1,750 1,615 Private creditors 14 653 1,147 893 883 1.232 941 913 866 832 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 282 726 527 548 916 814 784 771 748 Other private 14 371 421 365 335 317 127 129 96 84 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 29 39 164 165 160 162 116 105 82 73 IDA 0 22 75 75 74 74 172 174 171 165 DISBURSEMENTS 18 522 314 38 132 459 332 15 4 24 Public and publicly guaranteed 18 522 314 38 132 459 332 15 4 24 Official creditors 16 109 128 32 17 8 331 15 4 24 Multilateral 0 23 11 4 2 1 247 1 4 22 Concesalonal 0 10 1 1 2 1 110 0 2 1 Bilateral 16 87 118 28 15 7 84 14 0 2 Concessional 16 39 115 28 15 7 84 14 0 2 Private creditors 2 412 185 6 114 451 1 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 277 174 0 95 449 0 0 0 0 Other private 2 135 1 1 6 19 2 1 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonids 0 0 0 0 0 0 0 0 00 COMMnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 2 2 1 0 0 0 1 2 0 IDA 0 1 0 0 0 0 101 0 2 1 PRINCIPAL REPAYMENTS 6 34 355 204 98 76 302 82 140 53 Public and publicly guaranteed 6 34 355 204 98 76 302 82 140 53 Official creditors 2 21 70 4 1 l 145 32 126 53 Multilateral 1 6 30 2 0 0 106 19 32 38 Concessions! 0 0 2 0 0 0 6 1 5 0 Bilateral 2 16 40 2 1 1 40 13 94 15 Concessional 1 I1 1 0 0 1 3 5 17 0 Private creditors 4 12 285 200 97 75 157 50 15 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks, 0 0 257 182 56 68 117 46 0 0 Other private 4 12 28 18 41 7 40 4 15 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 4 6 2 0 0 57 18 16 3 IDA 0 0 0 0 0 0 4 1 1 0 NET FLOWS ON DEBT 13 488 -42 -167 33 383 30 -67 -136 -30 Public and publicly guaranteed 13 488 -42 -167 33 383 30 -67 -136 -30 Official creditors 1.4 88 58 28 16 7 186 -17 -122 -30 Multilateral -1 17 -19 2 2 1 142 -19 -28 -16 Concessional 0 10 0 1 2 1 105 -1 -3 1 Bilateral 15 71 77 26 14 6 44 1 -94 -14 Concessionial 14 28 114 28 15 6 81 9 -17 2 Private creditors -l 400 -100 -195 17 376 -156 -50 -15 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 277 -83 -182 39 381 -117 -46 0 0 Other private -1 [23 -17 -13 -22 -5 -39 -4 -15 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 00 0 Comnmercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -1 -2 -4 -1 0 0 -57 -17 -14 -3 IDA 0 1 0 0 0 0 97 -1 I 1 170 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 3 37 120 50 29 21 232 61 180 40 Public and publicly guaranteed 3 37 120 50 29 21 232 61 180 40 Official creditors 3 25 68 14 7 4 182 20 177 40 Multilateral 2 6 30 5 0 0 65 11 20 37 Concessional 0 1 1 0 0 0 3 1 2 1 Bilateral 1 19 38 9 6 4 117 10 156 4 Concessional 1 11 28 8 5 4 90 8 33 0 Private creditors 1 13 52 36 22 17 50 40 3 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 44 27 13 16 37 39 0 0 Other private I I1I 8 9 10 1 13 2 3 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonids 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Mvemo: IBRD 2 4 12 5 0 0 53 10 7 1 IDA 0 0 1 0 0 0 2 1 1 1 NET TRANSFERS ON DEBT 10 451 -162 -217 5 362 -202 -128 -316 -70 Public and publicly guaranteed 10 451 -162 -217 5 362 -202 -128 -316 -70 Official creditors 11 64 -10 14 10 3 4 -37 -298 -70 Multilateral -3 12 -50 -4 2 1 77 -29 -48 -53 Concessional 0 10 -2 1 2 1 102 -3 -5 0 Bilateral 14 52 39 17 8 2 -73 -8 -250 -17 Concessional 14 17 86 20 10 2 -9 1 -50 2 Private creditors -2 388 -151 -231 -5 360 -206 -90 -18 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comnmercial banks 0 275 -127 -209 27 366 -153 -84 0 0 Other private -2 112 -24 -22 -32 -6 -53 -6 -18 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 00 0 0 0 0 0 0 0 0 Memo: IBRD -3 -6 -16 -6 0 0 -110 -27 -22 -4 IDA 0 1 -1 0 0 0 95 -3 -1 0 DEBT SERVICE (LTDS) 9 71 475 255 127 97 534 142 320 93 Public and publicly guaranteed 9 71 475 255 127 97 534 142 320 93 Official creditors 5 46 139 is 8 6 327 52 302 93 Multilateral 3 11 60 7 0 0 170 30 52 75 Concessional 0 1 3 0 0 0 9 3 7 1 Bilateral 2 35 78 1 1 7 6 157 22 250 19 Concessional 2 22' 29 8 5 5 92 13 50 0 Private creditors 4 25 337 236 119 91 207 90 18 0 Bonds 0 0 0 0 0 0 0 0 00 Commercial banks 0 2 301 209 69 84 153 84 0 0 Other private 4 23 36 27 51 8 54 6 18 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 8 18 7 0 0 110 27 24 4 IDA 0 0 1 0 0 0 6 3 3 1 UNDISBURSED DEBT 42 735 404 298 336 439 309 340 281 226 Official creditors 36 221 343 273 316 284 158 177 128 93 Private creditors 7 514 62 25 21 155 151 163 153 134 Memorandum items Concessional LDOD 75 404 1,741 1,816 1,756 1,690 1,884 1,984 2,003 1,854 Variable rate LDOD 0 82 885 822 814 1,183 1,187 1,155 1,097 1,047 Public sector LDOD 119 1,257 4,206 4,041 3,876 4,114 4,774 4,955 4,666 4,284 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6. CL'RRENCA L'JNlPOSl7fl(J OF LONG-TERM DBET IPERCENTi Deutsche mark 5.1 1.1 2.4 2.7 2.8 2.6 2.7 2.8 2.8 2.7 French franc 14.1 31.0 51.1 49.8 48.7 42.6 45.2 47.1 44.6 41.4 Japanese yen 0.0 0.0 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Pound sterling 0.6 0.0 5.7 5.8 4.9 4.5 5.0 4.9 5.7 6.3 Swiss franc 0.0 2.1 0.4 0.4 0.5 0.4 0.4 0.5 0.3 0.3 U.S.dollars 2.4 25.1 16.5 16.3 18.5 27.0 25.1 23.7 24.2 26.0 Multiple currency 24.7 3.1 3.9 4.1 4.1 3.9 2.4 2.1 1.8 1.7 Special drawing rights 0.0 0.0 0.6 0.6 0.7 0.6 0.5 0.5 0.5 0.5 All other cuTTencies 53.1 37.5 19.2 20.1 19.7 18.2 18.4 18.2 20.0 21.0 171 CONGO, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7.IJ*:T RES IRUC( I'UTRING.S Total amount rescheduled 0 3 780 146 15 2 1,044 108 269 91 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 386 97 8 2 505 65 193 70 Official 0 0 101 55 2 2 355 60 182 70 Private 0 0 285 42 5 0 150 5 11 0 Interest rescheduled 0 0 370 50 4 0 433 42 69 19 Official 0 0 248 42 0 0 396 41 65 19 Private 0 0 121 8 4 0 38 1 5 0 Debt forgiven 0 11 0 3 126 24 77 37 Memo: interest forgiven ...0 0 0 0 8 0 24 4 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8. DRwi I 1OCK-F LOW~ REt ONC'ILLArtON Total change in debt stocks 675 -121 -63 312 332 591 -764 -170 Net flows on debt ..95 -266 -35 310 79 166 -451 96 Net change in interest arrears ... -167 143 171 147 -378 176 -158 89 interest capitalized ... 370 50 4 0 433 42 69 19 Debt forgiveness or reduction ...0 -11 0 -3 -126 -24 -77 -37 Cross-cuirrency valuation ... 427 -31 -188 -140 270 249 -156 -297 Residual ... -50 -6 -15 -2 53 -18 9 -40 9-. AVERA(,E TERMIS OF NE%% CONIMITNMEN US ALL CREDITORS Interest (%) 2.8 7.6 5.1 0.0 5.9 5.1 0.8 2.2 0.0 0.0 Maturity (years) 18.3 11.1 16.3 0.0 10.6 7.8 32.1 31.8 0.0 0.0 Grace period (years) 6.5 3.2 6.8 0.0 5.6 2.2 7.5 8.9 0.0 0.0 Grant element (%) 49.5 13.1 32.6 0.0 20.9 17.7 71.2 63.7 0.0 0.0 Official creditors Interest (% 2.3 3.5 4.3 0.0 5.0 0.0 0.8 2.2 0.0 0.0 Maturity (years) 19.6 25.3 17.6 0.0 17.2 0.0 32.1 31.8 0.0 0.0 Grace period (years) 6.6 6.7 7.2 0.0 9.6 0.0 7.5 8.9 0.0 0.0 Grant element (%) 53.6 46.5 38.0 0.0 34.8 0.0 71.2 63.7 0.0 0.0 Private creditors interest (%) 4.2 8.5 9.9 0.0 6.5 5.1 0.0 0.0 0.0 0.0 Maturity (years) 14.9 8.1 8.3 0.0 5.7 7.8 0.0 0.0 0.0 0.0 Grace period (years) 6.1 2.4 4.1 0.0 2.7 2.2 0.0 0.0 0.0 0.0 Grant element (%) 38.9 6.2 -0.5 0.0 10.5 17.7 0.0 0.0 0.0 0.0 Memorandum items Commitments 31 966 192 0 199 593 250 31 0 0 Official creditors 23 165 165 0 85 0 250 31 0 0 Private creditors 9 801 27 0 114 593 0 0 0 0 10. CONT RACTI AL OBI-IGXTIO'%S ON 0)1iT%;TADING LONG-F TRM DEB r 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Dishursements 73 77 42 19 10 4 2 1 0 0 Principal 302 278 300 287 230 227 200 201 195 129 Interest 128 123 117 101 87 76 65 55 45 36 Official creditors Disbursements 28 26 16 11 6 4 2 1 0 0 Principal 181 180 227 215 208 205 200 201 195 129 Interest 108 109 107 96 85 75 65 55 45 36 Bilateral creditors Disbursements 19 15 9 6 3 2 1 1 0 0 Principal 143 146 188 184 177 176 176 180 175 109 Interest 93 97 97 88 79 70 61 52 43 34 Multilateral creditors Disbursements 9 it 7 5 3 2 0 0 0 0 Principal 38 35 39 31 31 29 24 21 20 20 Interest 15 12 10 8 7 5 4 3 3 2 Private creditors Disbursements 45 51 25 8 4 0 0 0 0 0 Principal 121 98 72 72 22 22 0 0 0 0 Interest 20 14 10 6 2 1 0 0 0 0 Commercial banks Disbur-sements 0 0 0 0 0 0 0 0 0 0 Principal 94 74 50 50 0 0 0 0 0 0 Interest t8 1 1 7 3 0 0 0 0 0 0 Other private Disbursements 45 51 25 8 4 0 0 0 0 0 Principal 26 24 22 22 22 22 0 0 0 0 Interest 2 3 3 3 2 1 0 0 0 0 172 COSTA RICA (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SL'NBIY -D1VIEBT D.%T A TOTAL DEBT STOCKS (EDT). 2,744 3,756 4,021 3,934 3,863 3,906 3,801 3,488 3,548 Long-term debt (LDOD) 246 2,112 3,367 3,596 3,510 3,411 3,446 3,348 3,116 3,012 Public and publicly guaranteed 134 1,700 3,063 3,292 3,176 3,131 3,218 3,133 2,923 2,840 Private nonguaranteed 112 412 304 304 334 280 228 214 193 172 Use of IMF credit 0 57 11 83 82 81 66 24 1 0 Short-term debt .. 575 377 343 343 371 393 429 371 537 of which interest arrears on LDOD ..0 77 68 27 32 37 31 27 28 Official creditors ..0 76 58 22 27 33 27 23 24 Private creditors ..0 2 10 5 5 4 4 4 4 Memo: principal arrears on LDOD 2 173 147 94 99 132 118 88 77 Official creditors ..0 167 126 80 92 128 115 85 75 Private creditors ..2 6 21 13 7 4 3 3 2 Memo: export credits ... 297 471 356 391 301 203 190 132 TOTAL DEBT FLOWS Disbursements 62 556 207 393 251 211 202 211 389 349 Long-term debt 60 536 207 318 245 211 202 211 389 349 IMF purchases 2 20 0 76 6 0 0 0 0 0 Principal repayments 45 176 295 184 303 343 291 399 373 350 Long-term debt 41 164 269 177 299 343 271 355 350 349 IMF repUrchases 4 12 26 7 4 0 20 44 23 1 Net flows on debt 17 381 -109 184 -11 -109 -72 -146 -36 164 of which short-term debt ..-20 -26 41 23 17 42 -53 164 Interest payments (INT). 179 206 233 240 209 215 251 216 208 Long-term debt 14 171 171 199 2 14 185 193 224 195 183 IMF charges 0 4 3 5 6 5 4 3 0 0 Short-term debt ..4 32 30 19 20 18 23 20 26 Net transfers on debt -. 202 -315 -50 -250 -318 -287 -397 -252 -45 Total debt service paid (TDS) .. 354 501 417 543 552 507 650 588 558 Lonig-term debt 55 335 440 376 513 528 465 580 544 532 IMF repurchases and charges 4 16 29 12 10 5 24 47 23 1 Short-term debt (interest only) ..4 32 30 19 20 18 23 20 26 2. AGGREGATE NET RtESOU RCE FLOW~s AND N-E'[TURANSFFRS LtONG-TERMN NET RESOURCE FLOWS 48 425 210 369 194 146 267 280 502 85 Net flow of long-termn debt (ex. IMF) 19 373 -63 141 -54 -132 -69 -144 40 0 Foreign direct investment (net) 26 53 163 178 226 247 298 396 427 57 Portfolio equity tloxvs 0 0 00 0 0 4 1 1 0 Grants (excluding technical coop.) 3 0 110 50 22 31 35 28 34 28 Mcmno: technical coop. grants 4 14 74 83 92 88 63 81 61 51 official net resource floxvs 15 178 188 223 -32 -56 27 -103 97 -19 private net resource flows 33 248 23 146 226 202 240 383 404 104 NET TRANSFERS 30 234 -21 105 -90 -104 -1 -24 207 -212 Interest on tong-term debt 14 171 171 199 214 185 193 224 195 183 Profit remittances on FDI 4 20 60 65 70 65 75 80 100 115 Memo: official net transfers I1 135 84 98 -179 -176 -104 -265 -36 -141 private net transfers 19 99 -104 8 89 72 104 241 242 -72 3. MAJOR ECONOMII( AUG CRE(G %TFs Gross national product (GNP) 973 4,599 5.457 5,391 6,543 7,298 8,196 8.818 8,864 9,320 Exports of goods & services (XGS) .. 1,219 2,094 2,301 2,693 3,017 3,472 3,945 4,238 4,742 of which workers remittances ..0 0 0 0 0 0 0 0 90 Imports of goods & services (MGS) .. 1,897 2,709 2.5 18 3,237 3,781 3,871 4,241 4,548 5,042 International reserves (RES) 16 197 525 931 1,032 1,038 906 1,060 1,001 1,262 Current account balance -.664 -424 -75 -370 -620 -234 -143 -97 -254 4. DEBTY INDICATORS EDT /XGS (% . 225.2 179.4 174.8 146.1 128.0 112.5 96.3 82.3 74.8 EDT/GNP (% . 59.7 68.8 74.6 60.1 52.9 47.7 43.1 39.4 38.1 TDS /XGS (% . 29.1 23.9 18.1 20.1 18.3 14.6 16.5 13.9 11.8 INT IXGS (% . 14.7 9.9 10.1 8.9 6.9 6.2 6.4 5.1 4.4 INT! GNP (% . 3.9 3.8 4.3 3.7 2.9 2.6 2.8 2.4 2.2 RES /EDT (% . 7.2 14.0 23.2 26.2 26.9 23.2 27.9 28.7 35.6 RES W ES (months) .. 1.2 2.3 4.4 3.8 3.3 2.8 3.0 2.6 3.0 Short-term / EDT (%) .. 21.0 10.0 8.5 8.7 9.6 10.1 11.3 10.6 15.1 Concessional / EDT (% . 9.1 23.6 23.3 24.6 24.7 24.6 24.2 23.6 20.5 Multilateral! EDT (%) .. 16.4 30.4 29.4 29.9 31.6 33.6 35.6 37.8 38.1 173 COSTA RICA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-i ERNI DEBT DEBT OUTSTANDING (LDOD) 246 2,112 3,367 3,596 3,510 3,411 3,446 3,348 3,116 3,012 Public and publicly guaranteed 134 1,700 3,063 3,292 3,176 3,131 3,218 3,133 2,923 2,840 Official creditors 96 791 2,359 2,621 2,535 2,482 2,578 2,492 2,284 2,142 Multilateral 57 450 1,141 1.184 1,178 1,219 1,313 1,352 1,318 1,351 Concessional 11 121 246 236 226 215 206 199 188 192 Bilateral 39 341 1,21-8 1,438 1,357 1,263 1,265 1,139 966 791 Concessional 36 128 641 702 741 740 753 720 636 536 Private creditors 38 909 704 671 641 649 641 642 639 698 Bonds 1 141 609 599 582 577 576 572 564 605 Commercial banks 20 712 41 17 11 26 24 33 40 61 Other private 17 55 54 54 48 45 41 37 35 32 Private nonguaranteed 112 412 304 304 334 280 228 214 193 172 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial baniks 112 412 304 304 334 280 228 214 193 172 Memo: IBRD 36 178 409 404 372 344 323 300 245 191 IDA 5 5 4 3 3 3 3 3 2 2 DISBURSEMENTS 60 536 207 318 245 211 202 211 389 349 Public and publicly guaranteed 30 435 202 309 201 209 202 201 389 349 Official creditors 19 200 170 299 199 165 200 190 375 263 Multilateral 13 97 89 139 123 133 150 172 313 254 Concessional 4 42 13 1 0 0 3 6 45 19 Bilateral 7 103 81 159 76 32 51 18 62 8 Concessional 7 20 76 57 76 18 18 12 18 6 Private creditors 10 235 32 11 2 44 2 11 15 87 Bonds 0 97 0 0 0 0 0 0 0 50 Commercial banks 6 120 30 5 1 43 1 1 1 13 36 Other private 4 17 1 6 1 2 1 0 2 1 Private nonguaranteed 30 102 5 8 44 2 0 10 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 30 102 5 8 44 2 0 10 0 0 Memo: IBRD 5 29 5 41 28 11 11 16 10 20 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 41 164 269 177 299 343 271 355 350 349 Public and publicly guaranteed 21 76 263 168 285 287 219 331 328 328 Official creditors 7 23 92 126 253 251 208 321 311 309 Multilateral 3 15 79 97 105 100 120 176 121 159 Concessional 0 2 10 11 11 11 12 14 13 14 Bilateral 4 7 14 29 148 151 88 145 190 150 Concessional 3 3 3 4 28 31 35 44 71 79 Private creditors 14 53 171 42 32 36 1 1 1 1 17 19 Bonds 1 0 42 10 17 5 1 4 7 10 Commercial banks 12 41 124 29 8 27 4 2 6 6 Other private 1 12 5 4 7 4 6 5 3 3 Private nonguaranteed 20 88 6 9 14 56 52 24 21 21 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 20 88 6 9 14 56 52 24 21 21 Memo: IBRD 2 7 45 53 46 48 56 55 41 54 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 19 373 -63 141 -54 -132 -69 -144 40 0 Public and publicly guaranteed 9 359 -62 141 -84 -78 -17 -130 61 22 Official creditors 12 178 78 173 -54 -86 -8 -131 64 -47 Multilateral 10 82 11 42 18 32 30 -4 192 95 Concessional 4 40 4 -10 -11 -11 -9 -7 32 6 Bilateral 3 96 67 130 -72 -119 -38 -127 -128 -142 Concessional 4 17 73 53 48 -13 -117 -32 -54 -73 Private creditors -3 182 -139 -32 -30 9 -9 1 -2 68 Bonds -1 97 -42 -10 -17 -5 -1 -4 -7 40 Commercial banks -5 79 -94 -24 -8 16 -2 9 7 30 Other private 3 5 -4 2 -5 -2 -5 -5 -2 -2 Private nonguaranteed 10 14 -1 0 30 -54 -52 -14 -21 -21 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 10 14 -1 0 30 -54 -52 -14 -21 -21 Memo: IBRD 3 23 -40 -13 -18 -37 -45 -39 -32 -34 IDA 0 0 0 0 0 0 0 0 0 0 174 COSTA RICA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 14 171 171 199 214 185 193 224 195 183 Public and publicly guaranteed 7 130 169 173 189 159 171 204 177 167 Official creditors 4 42 104 125 147 120 131 162 133 122 Multilateral 3 27 77 82 81 79 90 95 87 86 Concessional 0 3 5 5 54 4 54 3 Bilateral 1 15 27 43 66 41 41 67 46 36 Concessional 1 3 9 10 27 18 23 30 23 20 Private creditors 3 88 65 48 42 39 40 42 44 44 Bonds 0 6 24 40 36 34 35 37 36 37 Commercial banks 2 78 36 3 0 0 1 0 4 4 Other private 1 4 5 5 6 4 4 5 4 4 Private nonguaranteed 7 41 2 26 26 26 22 21 18 16 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 7 41 2 26 26 26 22 21 18 16 Memo: IBRD 2 15 33 36 31 29 27 27 20 16 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 5 202 -234 -58 -268 -316 -262 -368 -155 -182 Public and publicly guaranteed 2 229 -231 -32 -272 -236 -188 -334 -115 -145 Official creditors 8 135 -27 48 -201 -206 -140 -293 -70 -169 Multilateral 6 54 -67 -40 -63 -47 -60 -100 104 9 Concessional 3 37 -1 -15 -15 -15 -13 -12 28 3 Bilateral 2 81 40 88 -138 -159 -79 -193 -174 -177 Concessional 3 14 64 43 21 -31 -40 -62 -76 -93 Private creditors -6 94 -204 -80 -71 -30 -49 -41 -46 24 Bonds -1 91 -66 -50 -53 -39 -36 -41 -43 4 Commercial banks -7 2 -130 -26 -8 1 5 -3 9 3 26 Other private 2 1 -9 -3 -11 -6 -10 -9 -6 -6 Private nonguaranteed 3 -28 -3 -26 5 -80 -74 -35 -40 -38 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 -28 -3 -26 5 -80 -74 -35 -40 -38 Memo: IBRD 1 8 -73 -48 -50 -66 -72 -66 -52 -50 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 55 335 440 376 513 528 465 580 544 532 Public and publicly guaraniteed 28 206 432 341 473 446 391 535 505 494 Official creditors 11 65 197 251 400 371 340 483 444 431 Multilateral 6 43 156 180 186 180 210 271 209 246 Concessional 0 5 15 17 16 16 16 19 17 17 Bilateral 5 22 40 72 214 191 130 212 236 186 Concessional 4 6 12 14 55 48 58 74 94 99 Private creditors 17 141 236 90 73 75 51 52 61 63 Bonds 1 6 66 50 53 39 36 41 43 46 Commercial banks 14 119 160 31 9 28 5 2 10 10 Otber private 2 16 10 9 12 8 10 9 7 7 Private nonguaranteed 28 129 8 34 40 82 74 45 40 38 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 28 129 8 34 40 82 74 45 40 38 Memo: IBRD 4 21 79 89 77 76 83 81 62 70 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 95 797 1,053 910 850 1,327 1,474 1,174 1.107 922 Official creditors 93 623 1,038 901 844 1,305 1,446 1,155 1,099 918 Private creditors 2 174 15 9 6 22 29 19 7 4 Memorandum items Concessional LDOD 47 249 887 938 967 954 959 919 824 729 Variable rare LDOD 122 1,203 1,061 1,192 1,130 1,005 961 989 907 881 Public sector LDOD 130 1,655 3,059 3,289 3,173 3,128 3,216 3,131 2.921 2,838 Private sector LDOO 116 457 308 307 337 283 230 216 195 173 6. C1URRENt.' COMPllOsTION Ot LOW(,.IERM IJLB r PERCEN\. I' Deutsche mark 2.0 3.1 2.6 2.5 2.3 2.0 2.1 1.9 1.9 1.2 French franc 0.0 0.2 1.0 0.9 0.7 0.6 0.5 0.4 0.3 0.2 Japanese yen 0.0 0.5 3.0 5.0 7.1 8.0 8.9 8.1 7.1 5.9 Pound sterling 2.8 0.5 0.2 0.4 0.3 0.3 0.3 0.1 0.1 0.1 Swiss franc 0.0 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 67.1 69.2 58.2 57.1 55.3 54.0 52.2 52.3 54.6 59.8 Multiple currency 28.1 18.2 31.4 30.7 31.9 32.9 34.1 35.6 34.1 31.3 Special drawing rights 0.0 0.0 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 All other currencies 0.0 7.6 3.4 3.3 2.3 2.0 1.8 1.5 1.8 1.5 175 COSTA RICA (US$ million, unless otherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 7. DEBT RESTRt.CYURiNGS Total amount rescheduled 0 0 641 225 42 29 0 0 0 0 Debt stock rescheduled 0 0 469 0 0 0 0 0 0 0 Principal rescheduled 0 0 20 146 34 1 7 0 0 0 9 Official 0 0 20 144 31 17 0 0 0 0 Private 0 0 0 2 3 0 0 0 0 9 Interest rescheduled 0 0 151 75 8 8 0 0 0 0 Official 0 0 10 73 6 7 0 0 0 0 Private 0 0 141 2 2 0 0 0 0 0 Debt forgiven 0 9 0 1 3 3 2 2 Memo: interest forgiven .. 187 1 1 0 0 0 0 0 Debt stock Teduction 0 0 668 0 1 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8. DEBi sICIC(-- K-FLOW RLCONC 11..l JO ( N Total change in debt stocks ... -834 266 -88 -71 43 -105 -312 60 Net flows on debt ... -109 184 -11 -109 -72 -146 -36 164 Net change in interest arrears ... -308 -9 -41 5 5 -7 -4 1 Interest capitalized ... 151 75 8 8 0 0 0 0 Debt forgiveniess or reduction ... -668 -9 -1 -1 -3 -3 -2 -2 Cross-currency valuation ... 57 2 -46 11 60 -3 -69 -63 Residual ... 42 23 3 16 52 53 -201 -40 ..WEkw(u rlE RMIS OF N EW CONINnlTMIŹNTS ALL CREDITORS Interest (% 5.6 11.2 6.9 7.1 7.0 6.4 6.9 2.6 5.3 7.5 Maturity (years) 27.7 13.3 15.4 6.7 18.4 16.0 17.0 7.2 11.4 13.0 Grace period (years) 6.3 5.0 4.4 2.9 4.5 4.4 5.4 1.2 3.7 3.0 Grant element (%) 33.6 -1.2 18.3 7.7 16.1 18.2 18.8 16.8 24.7 12.4 Official creditors Interest (%) 5.3 7.2 6.4 7.0 7.0 6.3 6.8 2.2 5.3 7.0 Maturity (years) 29.8 18.3 17.7 6.8 18.4 16.8 17.2 7.3 11.4 15.8 Grace period (years) 7.2 6.3 5.0 2.9 4.5 4.6 5.5 1.2 3.7 4.2 Granit element (%) 37.3 19.4 21.2 7.9 16.1 19.1I 19.3 17.4 24.7 16.7 Private creditors Interest (%) 7.1 15.8 9.5 10.0 0.0 7.1 12.5 6.9 3.3 8.4 Maturity (yeats) 14.9 7.6 3.2 1.1 0.0 8.0 7.0 6.0 10.8 7.7 Grace period (years) 0.9 3.6 1.1 0.8 0.0 2.1 1.5 1.5 1.1 0.7 Grant element I%) 12.2 -24.4 2.2 -0.3 0.0 9.6 -9.1 8.6 27.4 4.2 Memorandumn items Commitments 58 625 231 183 186 701 426 25 244 241 Official creditors 49 330 195 178 186 640 417 23 242 157 Private creditors 8 295 36 5 0 61 9 2 3 84 Ill. CONi1R%C 1-11 -%L OBLIG.ATION~S ON OUmITANDING L()NG-TERMI DEBTI 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 311 266 163 99 49 19 8 4 2 1 Principal 350 363 336 341 332 285 257 248 210 199 Interest 188 182 170 160 141 122 106 90 76 63 Official creditors Disbursements 309 265 163 99 49 19 8 4 2 1 Principal 302 313 272 265 255 210 184 178 159 150 Interest 126 125 117 113 101 89 77 65 55 45 Bilateral creditors Disbursements 27 27 18 11 8 3 2 2 1 1 Principal 126 120 99 91 92 57 42 34 26 24 Interest 29 25 20 16 13 10 8 6 5 5 Multilateral creditors Disbursements 282 238 145 88 41 15 6 2 1 0 Principal 176 193 174 174 164 153 142 144 133 127 Interest 97 100 97 97 88 79 69 59 49 41 Private creditors Disbursements 3 1 0 0 0 0 0 0 0 0 Principal 48 50 63 76 77 75 73 70 51 48 Interest 62 57 53 47 40 34 29 25 21 18 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 7 9 9 9 9 7 4 4 3 0 Interest 6 5 4 3 2 1 1 1 0 0 Other private Disbursements 3 1 0 0 0 0 0 0 0 0 Principal 42 42 54 67 67 69 69 67 48 48 Interest 56 52 48 43 38 33 28 24 21 18 176 COTE D'IVOIRE (US$ million, uinless otherwise intdicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. S19 NIMARY DEBT DATA TOTAL DEBT STOCKS (EDT) .. 7,462 17,251 18,174 18,547 19,071 17,395 18,898 19,524 15,609 Long-term debt (LDOD) 267 6,339 13,223 13,868 13,860 13,727 13,852 14,562 13,216 12,498 Public and publicly guaranteed 256 4.327 10.666 11,265 11,244 11.111 11,241 11,902 11,367 10,427 Private nonguaranteed ii 2.012 2,558 2.603 2,616 2,617 2,611 2,660 1.849 2,071 Use of IMF credit 0 65 431 372 267 219 328 427 503 450 Short-term debt .. 1,059 3,597 3,935 4,420 5,125 3,215 3,910 5,805 2,661 of which interest arrears on LDOD ..0 819 926 1.043 1.251 961 1.020 953 87 Official creditors ..0 66 78 166 379 45 34 6 78 Private creditors ..0 753 848 877 872 915 986 947 9 Memo: principal arrears on LDOD ..0 1,727 2,058 2,351 2,632 2,505 2,684 2,551 148 Official creditors ..0 16 27 122 327 13 29 1 1 100 Private creditors ..0 1.710 2,031 2,229 2,305 2,492 2,655 2,540 48 Memo: export credits ... 3,560 3,525 3,617 3.323 3,179 2,966 2,775 2,549 TOTAL DEBT FLOWS Disbursements 82 1,777 1,172 948 853 813 1,405 924 1,014 236 Long-term debt 82 1,739 1,019 903 853 813 1,235 743 876 236 IMF purchases 0 38 153 45 0 0 171 181 138 0 Principal repayments 31 722 621 618 594 585 787 625 860 838 Long-term debt 31 722 498 513 502 535 711 539 812 816 IMF repurchases 0 0 123 105 92 49 77 86 48 22 Net flows on debt 51 1,055 1,189 561 627 726 -1,002 935 2,117 413 of which short-term debt ... 639 231 368 497 -1,620 636 1,963 1,015 Interest payments (INT) .. 685 641 662 565 509 457 421 515 521 Long-term debt 12 590 443 491 410 382 426 390 473 413 IMF charges 0 0 31 33 26 18 11 8 5 3 ShoTt-terM debt .. 95 167 138 130 110 20 23 37 105 Net transfers on debt .. 370 548 -101 61 217 -1,459 514 1,602 -109 Total debt service paid (TDS) -- 1,407 1,262 1,280 1,160 1,094 1,244 1,046 1,375 1,360 Long-term debt 43 1,312 941 1,004 912 917 1,137 929 1,285 1,229 IMF repurchases and charges 0 0 155 137 118 67 87 94 53 25 Shodt-term debt (interest only) .. 95 167 138 130 110 20 23 37 105 2. AGGREGATE NET' R-L;OL'RC E FLOI% S AND NE [-TRANSFE RS iLONG. r ER.M NET RESOURCE FLOWS 94 1,139 855 633 312 577 1,292 873 798 64 Net flow of long-term debt (ex. IMF) 5 1 1,017 521 389 351 278 524 204 64 -580 Foreign direct investment (net) 31 95 48 16 -231 88 78 212 206 327 Portfolio equity flows 0 0 0 0 0 0 7 3 30 18 Grants (excluding technical coop.) 12 27 287 228 192 211 683 454 499 299 Memo: technical coop. grants 21 99 131 139 131 125 115 122 110 103 official net resource flows 46 203 798 621 553 541 1,247 644 454 154 private net resource flows 48 936 57 1 2 -241 36 46 229 345 -91 NET TRANSFERS 33 361 349 80 -164 134 801 420 259 -417 Interest on long-termn debt 12 590 443 491 410 382 426 390 473 413 Profit remittances on EDI 49 188 64 62 66 61 65 63 66 68 Memo: official net transfers 41 126 611 350 314 323 979 392 126 -114 private net tranSferS -9 235 -262 -269 -478 -189 -178 28 134 -303 3. MAJOR FCONOMIC. .AGGREG AT-EN3 Gross national product (GNP) 1,413 9,680 9,209 9,122 9,807 9,039 6,892 9,005 9,784 9,441 Exports of goods & services (XGS) .. 3,640 3,561 3,380 3.615 3,293 3.535 4,526 5,120 4,961 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 4,761 4,594 4,347 4,529 3,990 3,435 4,782 4.872 4,577 International reserves (RES) .. 46 21 29 22 20 221 546 622 631 Current account balance .. -1,827 -1,214 -1.074 -1,013 -892 -13 -493 -67 35 4. DEBT INDICAFOR1S, EDT !XGS (% . 205.0 484.5 537.8 513.1 579.2 492.1 417.5 381.3 314.6 EDT! GNP (% . 77.1 187.3 199.2 189.1 211.0 252.4 209.9 199.5 165.3 TDS /XGS (% . 38.7 35.4 37.9 32.1 33.2 35.2 23.1 26.8 27.4 INT /XGS (% . 18.8 18.0 19.6 15.6 15.5 12.9 9.3 10.1 10.5 INT/GNP(% . 7.1 7.0 7.3 5.8 5.6 6.6 4.7 5.3 5.5 RES /EDT (% . 0.6 0.1 0.2 0.1 0.1 1.3 2.9 3.2 4.0 RES /MGS (months) .. 0.1 0.1 0.1 0.1 0.1 0.8 1.4 1.5 1.7 Short-term / EDT (To) .. 14.2 20.8 21.6 23.8 26.9 18.5 20.7 29.7 17.0 Concessional / EDT (% . 5.9 17.9 18.7 18.9 19.4 22.3 24.2 24.6 28.9 Multilateral / EDT (%) .. 7.0 20.8 20.8 20.1 18.7 21.4 20.6 18.8 21.1 177 COTE D'IVOIRE (US$ millioni, unless otherwise indicated) 1970 1980 1990 1991 1992 7993 1994 1995 1996 1997 5. 1 O\(- iE-R%M DL BT DEBT OUTSTANDING (LDOD) 267 6,339 13,223 13,868 13,860 13,727 13,852 14,562 13,216 12,498 Public and publicly guaranteed 256 4,327 10,666 11,265 11,244 11,111 11,241 11,902 11,367 10,427 Official creditors 143 1,247 7,686 8,432 8,596 8,602 8,642 9,217 8,787 71906 Multilateral 14 523 3,585 3.787 3,727 3,557 3.715 3,900 3.665 3,301 4. Concessional 8 69 1,150 1.104 1,046 931 1,042 1.282 1,431 1,431 Bilateral 129 724 4,101 4,646 4,870 5,045 4.927 5,317 5,122 4,605 Concessional 114 369 1,946 2,298 2,464 2,767 2,844 3.284 3,378 3.076 Private creditors 112 3,080 2,980 2,832 2,648 2,509 2,599 2.685 2,580 2,521 Bonds 2~1 15 0 0 0 0 0 0 0 2,457 Commercial banks 32 1,611 2,640 2,614 2,518 2,393 2,514 2,630 2,526 16 Other private 59 1.454 340 218 129 116 85 55 54 48 Private nonguaranteed 11 2,012 2,558 2,603 2,616 2,617 2,611 2,660 1,849 2,071 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 11 2,012 2,558 2,603 2,616 2,617 2,611 2,660 1,849 2,071 Memo: IBRD 5 306 1,913 1,986 1,875 1,752 1,691 1,573 1,304 1,044 IDA 0 8 7 38 110 113 576 813 1,019 1,100 DISBURSEMENTS 82 1,739 1,019 903 853 813 1,235 743 876 236 Public and publicly guaranteed 78 1,414 769 673 653 623 927 670 475 185 Official creditors 43 231 758 666 651 623 918 669 465 185 Multilateral 12 136 460 428 365 137 582 340 321 181 Concessional 8 8 21 39 86 11 452 238 253 147 Bilateral 31 95 298 238 286 487 336 329 144 3 Concessional 25 34 283 192 279 455 314 309 142 3 Private creditors 35 1,183 11 6 2 0 9 1 10 0 Bonds 6 0 0 0 0 0 0 0 0 0 Commercial banks 7 634 2 0 0 0 0 1 2 0 Other private 22 550 9 6 2 0 9 0 8 0 Private nonguaranteed 4 325 250 230 200 190 308 73 401 52 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 4 325 250 230 200 190 308 73 401 52 Memo: IBRD 3 86 261 189 105 22 21 19 18 0 IDA 0 0 0 30 74 3 448 226 235 140 PRINCIPAL REPAYMENTS 31 722 498 513 502 535 711 539 812 816 Public and publicly guaranteed 29 517 319 329 315 346 397 514 521 525 Official creditors 9 55 247 273 290 294 355 479 510 329 Multilateral 0 17 230 258 268 278 291 286 304 264 Concessional 0 2 70 69 79 68 43 45 46 44 Bilateral 9 38 16 15 22 16 64 193 206 65 Concessional 6 16 5 8 9 7 13 19 34 24 Private creditors 20 462 72 56 25 53 42 36 11 196 Bonds 2 1 1 0 0 0 0 0 0 0 Commercial banks 2 301 25 1 1 10 44 5 5 5 193 Other private 15 161 46 45 14 8 37 30 6 3 Private nonguaranteed 2 205 179 184 188 189 314 25 292 292 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 205 179 184 188 189 314 25 292 292 Memo: IBRD 0 7 125 154 159 183 196 199 178 158 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 51 1,017 521 389 351 278 524 204 64 -580 Public and publicly guairanteed 49 897 450 344 338 277 529 156 -46 -340 Official creditors 34 176 511 393 361 330 563 190 -45 -144 Multilateral 12 120 229 170 97 -141 291 54 17 -83 Concessional 8 7 -49 -30 8 -58 409 193 207 103 Bilateral 22 57 282 223 264 471 272 136 -62 -62 Concessional 19 18 278 184 271 448 300 290 107 -20 Private creditors 15 721 -62 -50 -23 -53 -34 -34 -1 -196 Bonds 4 -1 -1 0 0 0 0 0 0 0 Commercial banks 5 333 -23 -11 -10 -44 -5 -4 -3 -193 Other private 7 389 -38 -39 -12 -8 -29 -30 3 -3 Private nonguaranteed 2 120 71 46 12 1 -5 49 110 -240 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 120 71 46 12 1 -5 49 110 -240 Memo: IBRD 3 78 136 35 -54 -161 -175 -180 -160 -158 IDA 0 0 0 30 74 3 448 226 235 140 178 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 12 590 443 491 410 382 426 390 473 413 Public and publicly guaranteed 12 353 205 289 244 225 296 257 330 270 Official creditors 4 77 187 272 239 218 267 252 328 269 Multilateral 0 32 176 211 208 181 228 172 213 165 Concessional 0 1 3 4 7 5 4 7 7 10 Bilateral 4 45 12 61 31 38 39 81 116 104 Concessional 3 13 2 48 22 25 28 40 69 65 Private creditors 7 275 18 18 5 7 28 5 2 1 Bonds 1 1 0 0 0 0 0 0 0 0 Comnmercial banks 3 176 7 4 2 5 2 1 1 0 Other private 4 98 12 14 3 1 27 3 1 1 Private nonguaranteed 0 237 237 202 166 157 131 133 143 143 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 237 237 202 166 157 131 133 143 143 Memo: IBRD 0 22 141 169 159 155 144 135 112 87 IDA 0 0 0 0 1 1 2 5 5 8 NET TRANSFERS ON DEBT 39 427 78 -102 -60 -104 98 -186 -409 -993 Public and publicly guaranteed 38 544 245 54 94 52 234 -101 -376 -610 Official creditors 30 99 324 122 122 112 296 -62 -373 -413 Multilateral 11 87 54 -41 -111 -321 63 -117 -196 -248 Concessional 8 6 -52 -34 1 -63 405 186 200 94 Bilateral 18 I11 271 163 232 433 233 55 -178 -165 Concessional 15 5 276 136 249 423 272 250 38 -85 Private creditors 8 446 -80 -67 -28 -59 -62 -39 -2 -197 Bonds 3 -2 -1 0 0 0 0 0 0 0 Commercial banks 2 156 -30 -14 -13 -50 -7 -5 -4 -193 Other private 3 291 -49 -53 -15 -10 -55 -33 2 -4 Private nonguaranteed 2 -117 -167 -156 -153 -156 -136 -84 -34 -383 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 -117 -167 -156 -153 -156 -136 -84 -34 -383 Memo: IBRD 3 56 -5 -135 -213 -316 -319 -315 -271 -245 IDA 0 0 0 30 73 2 446 222 230 132 DEBT SERVICE (LTDS) 43 1,312 941 1,004 912 917 1,137 929 1,285 1,229 Public and publicly guaranteed 40 870 524 618 559 571 693 771 850 794 Official creditors 13 133 434 545 529 512 622 731 838 598 Multilateral 1 49 406 469 476 458 519 457 516 429 Concessional 0 3 73 73 86 73 47 52 53 53 Bilateral 13 84 28 75 53 54 103 274 322 168 Concessional 9 29 7 56 31 32 41 59 104 89 Private creditors 27 738 90 73 30 59 71 40 12 197 Bonds 3 2 1 0 0 0 0 0 0 0 Commercial banks 5 477 32 14 13 50 7 7 6 193 Other private 19 259 58 59 17 10 64 33 7 4 Private nonguaranteed 2 442 417 386 353 346 444 158 435 435 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 442 417 386 353 346 444 158 435 435 Memo: 1BRD 0 29 266 324 318 338 340 334 289 245 IDA 0 0 0 0 1 1 2 5 5 8 UNDISBURSED DEBT 169 1,723 1,230 1,203 1,348 1,166 909 901 909 892 Official creditors 108 747 1.131 1.181 1,~328 1.147 898 892 907 884 Private creditors 61 976 99 22 19 19 1 1 9 3 8 Memorandum items Concessional LDOD 121 438 3,096 3.402 3,510 3,698 3,886 4,565 4,809 4,507 Variable rate LDOD 34 3f60l 7,400 7,901 8,002 7,798 7,808 7.940 6.742 6,598 Public sector LDOD 255 4,277 10,663 11t,263 11,243 11,109 I11,240 11,901 11,365 10,427 Private sector LDOD I11 2,061 2,560 2,605 2,617 2,618 2,613 2,661 1,850 2,071 6. CL-R RE N CN CO0 IPOS HIIO N O F LON G-TL RNI DE BT IP LR CENT i Deutsche mark 10.5 4.5 3.9 3.8 3.7 3.6 4.1 4.4 4.2 3.5 French franc 47.7 34.6 38.1 38.1 38.5 39.5 38.8 39.1 38.9 27.1 Japanese yen 0.0 0.6 0.9 1.1 1.2 1.3 1.5 1.4 1.3 1.1 Pound sterling 0.0 1.4 1.3 1.2 1.0 1.1 1.0 0.9 0.9 0.8 Swiss franc 0.0 6.3 2.3 2.0 2.0 2.1 0.4 0.5 0.4 0.2 U.S.dollars 25.4 31.5 15.5 15.6 16.6 17.0 21.0 22.0 25.1 40.9 Multiple currency 2.1 9.9 22.7 23.1 22.5 22.3 22.3 20.1 18.1 16.3 Special drawing rights 0.0 0.0 0.4 0.4 0.6 0.6 0.6 0.6 0.6 0.2 All other currencies 14.3 11.2 14.9 14.7 13.9 12.6 10.4 11.1 10.6 9.8 179 COTE D'IVOIRE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 199-3 1994 1995 1996 1997 7. DFBr RES IRUCTU'RINGS Total amount rescheduled 0 0 930 568 399 0 645 381 315 2,612 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 590 316 213 0 266 192 139 138 Official 0 0 407 245 150 0 257 189 137 58 Private 0 0 183 71 64 0 9 4 3 80 Interest rescheduled 0 0 287 130 84 0 306 131 106 875 Official 0 0 257 119 79 0 302 129 105 8 Private 0 0 29 11 5 0 4 1 1 867 Debt forgiven 50 0 0 0 1,352 292 8 0 Memo: interest forgiven 0 0 0 0 228 30 2 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 4,053 of which debt buyback 0 0 0 0 0 0 0 0 0 163 9. DEBT NTOC K-FLOWV R[IC ONC I 1- IAIION Total change in debt stocks ..2,430 923 373 524 -1,676 1,503 625 -3,915 Net flows on debt .. 1.189 561 627 726 - 1,002 935 2,117 413 Net change in interest arrears 62 107 117 208 -290 5 9 -67 -866 Interest capitalized 287 130 84 0 306 131 106 875 Debt forgiveness or reduction -50 0 0 0 -1,352 -292 -8 -3,890 Cross-currency valuation ..1,224 -92 -663 -531 647 724 -644 -804 Residual ... -280 217 208 121 15 -53 -879 358 9.. %%ER_AGE rTF.RM'~ OF TNEWVCONr()M TII ENTh, ALL CREDITORS Interest (% 5.8 11.4 5.9 5.5 5.3 4.6 2.1 1.9 1.9 1.7 Maturity (years) 18.6 10.3 19.9 2'1 7 19.0 19.2 29.8 29.8 31.3 30.2 Grace period (years) 5.4 4.5 6.3 6.4 5.8 8.0 8.6 8.4 8.7 8.4 Grant element (%) 26.1 -5.6 27.4 31.5 30.6 38.5 64.0 63.7 65.1 65.8 Official creditors Interest (%) 4.9 6.2 5.9 5.5 5.3 4.6 2.0 1.9 1.8 1.6 Maturity (years) 22.5 18.8 19.9 21.7 19.0 19.2 29.9 29.8 31.9 30.9 Grace period (years) 7.4 5.7 6.3 6.4 5.8 8.0 8.6 8.5 8.8 8.6 Grant element (%) 35.3 25.4 27.4 31.5 30.6 38.5 64.6 63.8 66.4 67.3 Private creditors Interest (% 7.4 11.9 0.0 0.0 0.0 0.0 11.4 14.4 6.0 5.8 Maturity (years) 12.1 9.5 0.0 0.0 0.0 0.0 12.0 19.6 5.4 6.2 Grace period (years) 2.1 4.4 0.0 0.0 0.0 0.0 2.5 0.1 0.9 0.6 Grant element (%) 10.9 -8.5 0.0 0.0 0.0 0.0 -7.8 -10.0 8.1 10.5 Memorandum items Commitments 71 1,688 764 801 850 498 907 716 538 241 Official creditors 44 144 764 801 850 498 900 715 526 235 Private creditors 27 1,544 0 0 0 0 7 1 12 6 1t). CO NI'R.%C`flrAL O BLIG%T IONS O N OUTIs .ANDINC 1 ..ON(;-'I'iR'% DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 290 246 150 97 56 29 16 4 2 1 Principal 793 747 752 757 799 787 781 622 589 680 Interest 512 503 473 440 459 420 382 347 318 290 Offlcial creditors Disbursements 286 244 150 96 56 29 16 4 2 1 Principal 634 566 572 577 621 610 604 446 413 360 Interest 364 339 312 282 304 269 234 202 176 153 Bilateral creditors Disbursements 94 82 50 30 17 10 5 2 1 1 Principal 360 301 329 366 405 400 401 255 237 206 Interest 222 209 195 178 211 187 165 144 130 116 Multilateral creditors Disbursements 192 161 100 66 39 20 11 2 1 0 Principal 274 265 243 212 216 210 204 191 176 154 Interest 142 130 117 105 93 81 70 58 47 37 Private creditors Disbursements 4 3 1 0 0 0 0 0 0 0 Principal 158 181 180 18O 178 177 177 176 176 320 Interest 148 165 161 158 154 151 148 145 142 137 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 4 3 1 0 0 0 0 0 0 0 Principal 158 181 180 180 178 177 177 176 176 320 Interest 148 164 161 158 154 151 148 145 142 137 180 CROATIA (USS million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUMMAIRY DEBI DlAIA TOTAL DEBT STOCKS (EDT). . . . . 1,614 2,054 3,729 4,933 6,842 Long-term debt (LDOD) .. . . . . 1,487 1,685 3,016 4,292 6,041 Public and publicly guaranteed ...... 601 643 1,760 3,334 4,217 Private nonguaranteed .,. .. . 886 1,042 1,257 957 1,824 Use of IMF credit ... .. .20 127 221 209 233 Short-term debt ...... 107 242 492 432 568 of which interest arrears on LDOD .. .. 52 70 71 21 29 Official creditors ... .. .4 2 1 1 0 Private creditors ... .. .48 68 70 20 29 Memo: principal arrears on LDOD ... .. . 563 619 547 133 180 Official creditors ... .. . 104 128 1 1 0 Private creditors ... .. . 459 491 546 132 180 Memo: export credits ... .. . 277 396 502 637 973 TOTAL DEBT FLOWS Disbursements ...... 158 331 517 939 2,859 Long-term debt ... .. . 158 219 418 939 2,820 IMF purchases ......0 112 99 0 40 Principal repayments ... .. . 222 155 240 315 746 Long-term debt ..- .. . 198 146 234 311 744 IMF repurchases ..... 24 9 6 5 2 Net flows on debt ......-9 293 526 614 2,241 of which short-term debt ... .. .55 117 249 -10 127 Interest payments (INT) ... .. . 103 86 126 103 374 Long-term debt ... .. .97 78 98 77 345 IMF charges ... .. .4 1 10 10 10 Short-term debt ..- .. .3 7 18 16 19 Net transfers on debt ... .. . -113 208 401 511 1,867 Total debt service paid (TDS) ... .. . 325 241 365 418 1,120 Long-term debt ... .. . 295 224 332 388 1,089 IMF repurchases and charges ... .- .28 10 16 14 12 Short-term debt (interest only) ... .. .3 7 18 16 19 2. %GGREG ATE NET RESOLURCE FL-O%lS \NII NEI TRXNSFERS l-ONG-TERMi1 NET RESOURCE FLOWS .. . . . . 56 280 316 1,298 2,503 Net flow of long-term debt (ex. IMF) ... .. . -40 72 184 628 2,076 Foreign direct investment (net) ... .. .96 113 101 533 388 Portfolio equity flows ... .. .0 0 0 ill 0 Grants (excluding technical coop.) ... .. .0 95 30 25 38 Memo: technical coop. grants ... .. .0 8 21 29 22 official net resource flows ... .. . -52 69 50 9 106 private net resource flows .*. .. . 108 212 266 1,289 2,397 NET TRANSFERS .. . . . . -41 203 218 1,221 2,158 Interest on long-term debt ... 97 78 98 77 345 Profit remittances on FDI ...0 0 0 0 0 Memo: official net transfers -.. . -91 35 23 -24 7 private net transfers ... .. .50 168 195 1,245 2,151 35. NI XJ(IR L( ONOM1IC (;GRILG.-TES Gross national product (GNP) ... .. . 11,552 14,101 17,988 19,036 19,453 Expoots of goods & services (XGS) ... .. . 6,750 7,712 8,131 9,300 9,414 of which workers remittances ... .. . 350 404 660 985 891 Imports of goods & services (MGS) ... .. . 6,226 7,045 9,555 10,201 11,810 International reserves (RES) ... .. . 616 1,405 1,896 2,314 2,539 Current account balance ... .. . 600 786 -1,284 -858 -2,434 4. DEBT' INDICATORS EDTi XGS (% .. .. . 23.9 26.6 45.9 53.0 72.7 EDT /GNP (% .. .. . 14.0 14.6 20.7 25.9 35.2 TDSI/XGS (%) ... .. . 4.8 3.1 4.5 4.5 11.9 INT /XGS (%) ... .. .1.5 1.1 1.5 1.1 4.0 INT /GNP (%) ... .. . 0.9 0.6 0.7 0.5 1.9 RES /EDT (%) ... .. . 38.2 68.4 50.8 46.9 37.1 RES I MGS (months) ... .. . 1.2 2.4 2.4 2.7 2.6 Short-term / EDT (%) ... .. . 6.6 11.8 13.2 8.8 8.3 Concessional / EDT (%) ... .. .1.3 1.5 9.1 6.4 4.2 Multilateral / EDT (%) ... .. . 18.7 13.5 8.1 7.3 6.2 181 CROATIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 53. LONG- IlERAl DERT DEBT OUTSTANDING (LDOD) 1,487 1,685 3,016 4,292 6,041 Public and publicly guaranteed 601 643 1,760 3,334 4,217 Official creditors 506 532 1,620 1,527 1,468 Multilateral 302 278 304 360 427 Concessional 21 21 11 9 22 Bilateral 204 255 1,317 1,167 1,041 Coocessiona) 0 9 330 306 269 Private creditors 95 il1 140 1,807 2,749 Bonds 0 0 0 64 534 Commercial banks 45 47 35 1,616 1,869 Other private 50 64 104 127 346 Private nonguaranteed 886 1,042 1,257 957 1,824 Bonds 0 0 0 0 0 Commercial banks 886 1,042 1,257 957 1,824 Memo: IBRD 104 84 117 195 276 IDA 0 0 0 0 0 DISBURSEMENTS 158 219 418 939 2,820 Public and publicly guaranteed 34 51 102 382 1,432 Official creditors 8 27 71 120 198 Multilateral 8 2 59 113 128 Concessional 0 0 0 0 14 Bilateral 0 25 12 8 70 Concessionial 0 9 6 0 2 Private creditors 26 24 31 262 1,234 Bonds 0 0 0 67 531 Commercial banks 0 0 0 135 326 Other private 26 24 31 60 378 Private nonguaranteed 124 168 316 557 1,388 Bonds 0 0 0 0 0 Commercial banks 124 168 316 557 1,388 Memo: IBRD 1 1 50 105 115 IDA 0 0 0 0 0 PRINCIPAL REPAYMENTS 198 146 234 311 744 Public and publicly guaranteed 71 67 73 177 362 Official creditors 60 53 52 137 130 Multilateral -.60 53 52 34 23 Concessional 4 2 12 1 0 Bilateral 0 0 0 103 107 Concessional 0 0 0 8 16 Private creditors 11 14 21 40 232 Bonds 0 0 0 0 46 Commercial banks 2 0 0 12 47 Other private 9 14 21 28 139 Private nonguaranteed 127 79 161 134 381 Bonds 0 0 0 0 0 Commercial banks 127 79 161 134 381 Memo: IBRD 33 29 20 16 14 IDA 0 0 0 0 0 NET FLOWS ON DEBT -40 72 184 628 2,076 Public and publicly guaranteed -37 -17 30 205 1,070 Official creditors -52 -26 1 9 -16 68 Multilateral -52 -51 7 78 105 Concessional -4 -2 -12 -1 13 Bilateral 0 25 12 -95 -37 Concessional 0 9 6 -8 -14 Private creditors 15 10 1 1 222 1,002 Bonds 0 0 0 67 485 Commercial banks -2 0 0 123 279 Other private 17 10 11 32 239 Private nonguaranteed -.-3 89 154 423 1,007 Bonds 0 0 0 0 0 Coniunercial banks -3 89 154 423 1,007 Memo: IBRD -33 -28 29 89 100 IDA 0 0 0 0 0 182 CROATIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 97 78 98 77 345 P'ublic and publicly guaranteed 48 43 32 41 269 Official creditors 39 34 27 33 99 Multilateral ...28 25 25 25 29 Concessional I. 1 I 1 1 Bilateral 11 9 2 8 71 Concessional ... .0 0 0 1 11 Private creditors 9 9 5 7 170 Bonds ... .0 0 0 1 14 Commnercial banks ..6 4 0 2 135 Othcr private 4 4 5 4 20 Private nonguaranteed 49 35 66 37 76 Bonds ..0 0 0 0 0 Commercial banks ..49 35 66 37 76 Memo: IBRD ..9 8 7 1 1 15 IDA ..0 0 0 0 0 NET TRANSFERS ON DEBT -137 -5 86 551 1,731 Public and publicly guaranteed -85 -59 -2 165 801 Official creditors ...-91 -60 -8 -50 -32 Multilateral .. -80 -76 -17 53 76 Concessional -5 -3 -14 -1 12 Bilateral ...-11 16 10 -103 -108 Concessional ... .0 9 6 -9 -25 Private creditors ..6 1 5 215 832 Bonds ......0 0 0 65 470 Commercial banks . ..-8 -4 0 121 144 Other private ...1 4 5 5 28 218 Private nonguaranteed -52 54 88 386 931 Bonds ...0 0 0 0 0 Commercial banks ..-52 54 88 386 931 Memo: IBRD .. -42 -36 22 78 86 IDA ...0 0 0 0 0 DEBT SERVICE (LTDS) 295 224 332 388 1,089 Public and publicly guaranteed 119 110 105 217 631 Official creditors ...99 87 79 170 230 Multilateral ..88 78 77 60 52 Concessional ...5 3 14 12 Bilateral I. . 1 9 2 ill 178 Concessional 0 0 0 9 27 Private creditors ...20 23 26 47 402 Bonds ..0 0 0 1 60 Commercial banks 8 4 0 14 182 Other private ...13 19 26 32 159 Private nonguaranteed 176 114 227 171 457 Bonds ...0 0 0 0 0 Commercial banks ...... 176 114 227 171 457 Memo: IBRD ..43 37 28 26 29 IDA .. 0 0 0 0 0 UNDISBURSED DEBT 114 223 351 770 540 Official creditors ... .. .90 161 225 320 364 Private creditors ... .. .25 62 126 450 [77 Memorandum items Concessional LDOD ... .. .21 30 340 315 290 Variable rate LDOD ...... 1,141 1,303 2,030 3,408 4,458 Public sector LDOD ...... 587 613 1,179 2,826 3,751 Private sector LDOD ...... 900 1,073 1,837 1,466 2,290 6. C'L RRENC I CO'NPOSl I ION OF [.ONG-TERM DEBT r ERCE NTi Deutsche mark ... .. . 7.1 7.4 23.3 17.0 18.9 French franc .. . .. 2.8 2.5 7.6 3.3 2.2 Japanese yen ... .. .0.9 1.0 3.9 1.7 0.8 Pound sterling ... .. .0.6 0.5 3.4 1.9 1.3 Swiss franc .. . .. 3.6 2.8 2.9 1.5 1.3 U.S.dollars ... .. . 24.0 25.3 26.2 57.0 55.8 Multiple currency ... .. . 17.4 13.0 6.7 5.8 5.3 Special drawing rights ... .. .0.0 0.0 0.0 0.0 0.0 All other currencies ... .. . 436 47.7 26.0 11.8 14.4 183 CROATIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RESTRI'CTL RINGS Total amount rescheduled ......0 16 1,065 1,462 0 Debt stock rescheduled ... .0 0 0 975 0 Principal reschcdu]ed ... '. .0 13 781 0 0 Official ......0 0 719 0 0 Private ......0 13 62 0 0 Interest rescheduled ......0 3 70 51 0 Official ... .. -0 0 43 0 0 Private ... .. .0 3 27 51 0 Debt forgiven ... .. .0 0 0 0 0 Memo: interest forgiven ... .. .0 0 0 0 0 Debt stock reduction ... .0 0 0 0 0 of which debt buyback ......0 0 0 0 0 8. DEBT sTOC K-FLOW RE(t ONCILUATIO N Total change in debt stocks ......... 440 1,675 1,204 1,909 Net flows on debt ....... - 293 526 614 2,241 Net change in interest arrears is. .... .1 1 -50 8 Interest capitalized .........3 70 51 0 Debt forgiveness or reduction .........0 0 0 0 Cross-currency valuation ......-.. 114 150 -120 -308 Residual .........13 927 709 -32 9. AA ERAGETIERNIS OF NE1N C]O1%1MIlTINENTS ALL CREDITORS Interest (%) ... .. . 5.9 7.0 6.8 6.9 6.3 Maturity (years) ... .. . 6.4 13.5 12.3 6.2 6.8 Grace period (years) ... .. .1.5 4.5 4.6 2.4 4.2 Grant element (%) ... .. . 12.5 16.0 15.4 10.9 15.1 Official creditors Interest (91) ... .. .6.9 7.0 6.9 4.9 5.2 Maturity (years) ... .. . 9.3 16.4 16.3 14.8 12.0 Grace period (years) ... .. . 2.0 4.2 4.9 5.4 4.3 Grant element (% .. . .. 12.4 17.0 17.9 30.2 25.4 Private creditors Interest (91) ... .. . 5.3 6.9 6.7 7.7 6.6 Maturity (years) ... .. . 4.8 6.3 6.4 3.0 5.4 Grace period (years) ... .. .1.2 5.2 4.1 1.2 4.2 Grant element (91) ... .. . 12.6 13.4 11.7 3.6 12.3 Memorandum items Commitments ... .. .43 213 223 815 1,272 Official creditors ... .. .16 151 135 224 270 Private creditors ... .. .28 62 89 591 1,002 10. CONt'R%A-TUAL OBLIGATION'S ON ( TsT AN DING L)N-G-TERNI DEBI 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTA-L Disbursements 157 182 77 44 28 19 13 11 5 2 Principal 1,104 614 553 456 884 386 560 370 358 265 Interest 328 331 299 273 233 193 166 130 105 86 Official creditors Disbursements 75 121 52 37 26 19 13 11 5 2 Principal 168 120 135 115 119 133 134 127 150 147 Interest 88 82 76 72 66 60 53 46 39 30 Bilateral creditors Disbursements 19 8 4 1 0 0 0 0 0 0 Principal 127 82 89 67 65 68 71 72 81 92 Interest 56 50 45 40 36 33 29 25 21 16 Multilateral creditors Disbursements 56 113 48 37 26 19 13 11 5 2 Principal 41 38 46 49 53 65 62 55 69 56 Interest 31 33 31 32 30 27 24 21 18 14 Private creditors Disbursements 83 61 25 7 2 0 0 0 0 0 Principal 936 494 418 341 765 253 426 242 207 118 Interest 241 248 223 201 166 133 114 84 66 56 Commercial banks Disbursements 55 38 15 4 0 0 0 0 0 0 Principal 177 80 225 201 308 178 175 167 165 82 Interest 187 181 173 153 129 107 89 71 54 38 Other private Disbursements 27 23 10 3 2 0 0 0 0 0 Principal 759 414 194 139 458 75 252 76 42 36 Interest 54 67 s0 48 37 26 25 13 13 18 184 CZECH REPUBLIC (US$ mtillion, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 i. SLUNI%LPJ4Y DEBT DA~TA TOTAL DEBT STOCKS (EDT) . .. 6,383 8,032 7,571 9,173 10,694 16,170 19,873 21,456 Long-term debt (LDOD) . . 3,983 4,975 4,700 6,099 7,805 11,101 14,152 14,389 Public and publicly guaranteed ... 3.983 4.973 4,689 5.887 7.037 9,641 12_025 12,275 Private nonguaranteed ...0 2 11 212 768 1,460 2,128 2,113 Use of IMF credit 0 0 0 914 1,073 1,072 0 0 0 0 Short-term debt . .. 2,400 2,143 1,798 2,002 2,889 5,070 5,720 7,068 of which interest arrears oni LDOD ...0 0 0 0 1 28 14 8 Official creditors ...0 0 0 0 1 0 0 0 Private creditors ...0 0 0 0 0 28 14 8 Memo: principal arrears on LDOD . .. 0 0 0 0 0 105 149 194 Official creditors ...0 0 0 0 0 0 0 0 Private creditors ...0 0 0 0 0 105 149 194 Memo: export credits ...0 0 1,671 1,455 1,460 1,909 1,412 1,191 TOTAL DEBT FLOWS Disbursements . .. 1,182 2,523 1,207 2,383 1,556 4,230 4,951 3,741 Long-term debt ... 1.182 1,648 973 2,383 1.556 4,230 4,951 3,741 IMF purchases 0 0 0 875 234 0 0 0 0 0 Principal repayments . .. 537 668 1,097 919 2,001 1,657 1,652 3,306 Long-termn debt . .. 537 668 1.063 919 883 1.657 1.652 3,306 IMF repurchases 0 0 0 0 34 0 1,118 0 0 0 Net flows on debt . .. 52 1,598 -236 1,669 442 4,727 3,963 1,789 of which short-term debt . .. -593 -257 -346 205 886 2.154 664 1,354 Interest payments (INT) . . 497 402 571 477 502 743 941 1,099 Long-term debt . .. 196 223 312 288 321 505 753 890 IMFEcharges 0 0 0 37 73 73 34 0 0 0 Short-term debt . .. 301 142 185 116 147 238 187 209 Net transfers on debt . -446 1,196 -806 1,191 -61 3,985 3,022 689 Total debt service paid (TDS) . .. 1,035 1,070 1,668 1,396 2,503 2,400 2,593 4,405 Long-term debt ... 734 891 1,375 1,207 1.204 2.162 2,406 4,196 IMF repurchases and charges 0 11 0 37 108 73 1,152 0 0 0 Short-term debt (interest only).v. 301 142 185 116 147 238 187 209 2. %(GGRE(,.%AE NET RFSOliRCE F LOWS AND NET- TRANSFER.S ILONG-TERN!'I NET RESOURCE FLOWS . . 852 1,634 1,090 2,206 1,769 5,270 4,968 1,804 Net flow of long-termn debt (ex. IMF) . .. 645 980 -90 1,464 674 2,573 3,299 435 Foreign direct investment (net) ... 207 600 1,103 654 878 2,568 1,435 1,286 Portfolio equity flows ...0 0 31 38 114 82 164 16 Grants (excluding technical coop.) ...0 54 46 50 103 46 71 68 Memo: technical coop. grants . .. 0 24 83 50 40 98 60 39 official net resource flows ... -24 434 494 223 146 75 70 -14 private net resource flow's ... 876 1,200 596 1,983 1,623 5,195 4,899 1,818 NET TRANSFERS . . 656 1,409 777 1,818 1,317 4,625 4,050 714 Interest on long-term debt ... 196 223 312 288 321 505 753 890 Profit remittances on FDI ...0 2 0 100 130 140 165 200 Memo: official net transfers . .. -48 416 436 149 64 -22 -8 -86 private net transfers ... 704 993 341 1,668 1.253 4,647 4,058 800 3. Q*JRECON0,NIIC. At.GREGA.rFN Gross national product (GNP) . .. 31,517 24,305 27,958 31,068 39,861 50,789 55,830 51,385 Exports of goods & services (XGS) ... .. . 19,469 21,961 29,399 31,044 31,274 of which workers remittances ... .. .0 0 0 0 0 Imports of goods & services (MGS) .. . . . . 19,045 22,866 31,345 35.727 34,910 International reserves (RES) ... .. . 4,551 6,949 14,613 13,085 10,036 Current account balance ... .. . 512 -778 -1,374 -4,299 -3,271 4. DEBT INDICATORS EDT! XGS (% . . . . . 47.1 48.7 55.0 64.0 68.6 EDT! GNP %). .. 20.3 33.0 27.1 29.5 26.8 31.8 35.6 41.8 TDS XGS (% .. .. . 7.2 11.4 8.2 8.4 14.1 INT /XGS ()........ 2.5 2.3 2.5 3.0 3.5 INT! GNP (W). . 1.6 1.7 2.0 1.5 1.3 1.5 1.7 2.1 RES /EDT ()........ 49.6 65.0 90.4 65.8 46.8 RES! MGS (months) ... .. . 2.9 3.6 5.6 4.4 3.4 Short-term / EDT (We) ... 37.6 26.7 23.7 21.8 27.0 31.4 28.8 32.9 Concessional / EDT (W). . 0.0 0.0 0.4 0.5 0.5 0.4 0.4 0.4 Multilateral / EDT (We) ... 2.8 6.8 9.9 9.0 8.6 6.2 4.9 3.7 185 CZECH REPUBLIC (U,S$ million, iunless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5.LONCG-TERM [IELBI DEBT OUTSTANDING (LDOD) ... 3,983 4,975 4,700 6,099 7,805 11,101 14,152 14,389 Public and publicly guaranteed ... 3,983 4,973 4,689 5,887 7,037 9,641 12,025 12,275 Official creditors 252 649 1,061 1,218 1.351 1,427 1,334 1,121 Multilateral 179 543 748 822 925 1,001 971 798 Concessional 0 0 0 23 26 28 26 23 Bilateral 73 105 312 396 426 426 364 323 Concessional 0 0 29 28 30 33 52 65 Private creditors 3,732 4,324 3,629 4,669 5,686 8,213 10,690 11,155 Bonds 50 240 244 943 870 860 480 672 Commercial banks 1,970 2,677 2,422 2,423 3,677 6,480 9,566 10,014 Other private 1,712 1,407 962 1,304 1,138 873 644 469 Private nonguarauteed ..0 2 11 212 768 1,460 2,128 2,113 Bonds 0 0 0 0 0 39 527 457 Commercial banks 0 2 11 212 768 1,421 1,601 1,657 Memo: IBRD 0 0 0 139 220 315 367 434 435 382 IDA 0 0 0 0 0 0 0 000 DISBURSEMENTS .. 1,182 1,648 973 2,383 1,556 4,230 4,951 3,741 Public and publicly guaranteed ... 1,182 1,648 965 2,238 1,368 3,295 3,981 3,020 Official creditors 19 408 525 232 105 133 179 168 Multilateral 5 349 281 132 79 108 136 137 Concessional 0 0 0 24 1 0 0 0 Bilateral 14 60 244 100 26 25 43 32 Concessional 0 0 30 0 0 0 23 21 Private creditors 1.163 1,240 439 2,006 1,263 3,162 3,801 2,851 Bonds 0 183 42 747 0 20 50 264 Commercial banks ..435 726 158 668 907 2,955 3,659 2,498 Other private 729 331 239 592 356 187 92 89 Private nonguaranteed ...0 0 9 145 189 935 970 721 Bonds 0 0 0 0 0 36 496 0 Commercial banks 0 0 9 145 189 900 474 721 Memo: IBRD 0 0 0 133 87 93 30 57 42 23 IDA 0 0 0 0 0 0 0 000 PRINCIPAL REPAYMENTS .. 537 668 1,063 919 883 1,657 1,652 3,306 Public and publicly guaranteed ... 537 668 1,063 912 859 1,410 1,358 2,506 Official creditors 43 28 77 59 62 105 180 250 Multilateral ..5 3 43 35 32 71 108 213 Concessional 0 0 0 0 0 0 00 Bilateral 38 26 34 24 30 34 72 37 Concessional 0 0 0 0 0 000 Private creditorS 494 640 986 853 797 1,305 1,178 2,255 Bonds 0 0 38 114 126 18 375 23 Commercial banks 20 40 333 227 355 813 493 1,979 Other private 474 600 614 512 315 475 309 253 Private nonguaranteed ..0 0 0 7 24 247 294 801 Bonds 0 0 0 0 0 0 0 36 Commercial banks 0 0 0 7 24 247 294 765 Memo: IBRD 0 0 0 0 0 0 0 0 10 39 IDA 0 0 0 0 0 0 0000 NET FLOWS ON DEBT . . 645 980 -90 1,464 674 2,573 3,299 435 Public and publicly guaranteed ... 645 980 -98 1,326 509 1,885 2,623 514 Official creditors -24 380 448 173 43 28 -1 -82 Multilateral 0 346 238 97 47 37 29 -76 Concessional 0 0 0 24 1 0 0 0 Bilateral ..-24 34 210 76 -5 -9 -30 -6 Concessional 0 0 30 0 0 0 23 21 Private creditors 669 600 -546 1,153 466 1,856 2,624 596 Bonds 0 183 5 633 -126 3 -325 241 Commercial banks 414 686 -175 441 551 2,142 3,166 519 Other private 255 -269 -376 80 41 -288 -217 -164 Private nonguaranteed ...0 0 8 138 165 689 676 -80 Bonds 0 0 0 0 0 36 496 -36 Commercial banks 0 0 8 138 165 653 180 -44 iMemo: IBRD 0 0 0 133 87 93 30 57 32 -17 IDA 0 0 0 0 0 0 0000 186 CZECH REPUBLIC (US$ mnillion, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 196 223 312 288 321 505 753 890 Public and publicly guaranteed 196 223 312 287 307 455 623 773 Official creditors 24 18 58 74 82 97 78 72 Multilateral is 1 14 48 59 55 68 53 54 Concessional ...0 0 0 0 1 2 2 2 Bilateral ...7 5 10 15 26 28 25 18 Concessional ..0 0 2 0 2 1 0 2 Private creditors ..172 205 254 213 225 358 546 701 Bonds 2 3 18 20 69 117 56 35 Commercial banks 91 125 160 140 120 140 403 611 Other private ..79 77 76 53 36 101 87 54 Private nonguaranteed 0 0 0 2 14 50 130 117 Bonds ..0 0 0 0 0 0 4 31 Commercial banks -. - 0 0 0 2 14 50 126 86 Memo: IBRD 0 0 0 0 10 19 25 28 29 27 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 448 757 -402 1,176 352 2,069 2,545 -456 Public and publicly guaranteed 448 757 -410 1,040 202 1,430 2,000 -259 Official creditors -48 362 390 99 -39 -68 -79 -154 Multilateral -18 333 190 38 -8 -31 -24 -130 Concessional ...0 0 0 24 0 -2 -2 -2 Bilateral ... -31 30 200 62 -31 -37 -54 -24 Concessional 0 0 29 0 -2 -1 23 19 Private creditors ..497 395 -800 940 241 1,498 2,078 -105 Bonds -2 180 -14 613 -195 -114 -381 206 Commercial banks 323 561 -335 300 431 2,002 2,763 -92 Other private ..176 -346 -452 27 5 -389 -304 -218 Private nonguaranteed 0 0 8 136 151 639 545 -197 Bonds 0 0 0 0 0 36 492 -67 Commercial banks 0 0 8 136 151 603 53 -130 Memo:. IBRD 0 0 0 133 77 74 5 29 3 -44 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 734 891 1,375 1,207 1,204 2,162 2,406 4,196 Public and publicly guaranteed 734 891 1,375 1,198 1,166 1,865 1,981 3,278 Official creditors ..67 46 135 133 144 202 258 322 Multilateral 23 16 91 94 87 139 161 267 Concessional ..0 0 0 0 1 2 2 2 Bilateral .. 45 30 44 39 57 62 97 55 Concessional 0 0 2 0 2 1 0 2 Private creditors ..666 845 1,239 1,066 1,022 1,663 1,723 2,956 Bonds ...2 3 56 134 195 134 431 59 Commercial banks Ili11 166 493 367 476 953 896 2,590 Other private ..553 677 690 565 351 576 396 308 Private nonguaranteed ..0 0 0 9 38 297 425 918 Bonds 0 0 0 0 0 0 4 67 Commercial banks ...0 0 0 9 38 297 421 851 Memo: IBRD 0 0 0 0 10 19 25 28 39 66 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT . . 447 757 703 812 812 902 1,730 1,378 Official creditors ...14 381 519 548 586 702 829 663 Private creditors . . 433 376 184 264 226 200 902 715 Memorandum items Coincessional LDOD ...0 0 29 50 56 61 78 88 Variable rate LDOD .. 1,192 2,049 2,394 3,275 3,992 5,079 5,332 6,205 Public sector LDOD 3,725 4,716 4,456 5,624 6,745 9,204 11,602 11,937 Private sector LDOD . 258 259 244 475 1,060 1,897 2,551 2,452 6. Cl RRI NCN COMPO.If 110% OF LONG-TERNI DEBTI' PERCE%T) Deutsche mark ... 33.5 28.3 25.3 16.6 14.6 5.3 3.8 4.7 French franc ,.. 1.4 1.1 1.5 0.8 0.5 0.2 0.1 0.1 Japanese yen ... 9.0 10.4 10.7 14.1 12.1 8.2 5.8 4.7 Pound sterling .. 0.6 0.4 0.3 0.2 0.1 0.0 0.0 0.0 Swiss franc .. 13.8 9.8 7.4 4.8 3.9 3.1 2.0 1.7 U.S.dollars .. 26.6 32.3 33.5 40.3 45.5 65.0 74.0 77.9 Multiple currency .. 0.0 2.8 4.7 12.5 15.4 12.3 9.7 8.3 Special drawing rights ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ... 15.1 14.8 16.6 10.6 7.9 5.9 4.6 2.6 187 CZECH REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 -7. )EBI RENiTRUCtLRP'(G.,i Total amount rescheduled ..0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 Interest rescheduled ..0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 Debt forgiven ..0 0 0 2 1 2 0 2 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 of which deht buyback 0 0 0 0 0 0 0 0 M. DEBT' SlO -LO RF COMl[-LA r`1N Total change in deht stocks ..19 1,649 -461 1,603 1,521 5,477 3,702 1,584 Net flows on debt -- 52 1,598 -236 1,669 442 4,727 3,963 1,789 Net change in interest arrears ...0 0 0 0 1 27 -13 -7 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 -2 -1 -2 0 -2 Cross-currency valuation ... 390 -3 -167 -18 375 136 -250 -267 Residual ... -423 54 -59 -46 704 588 3 70 tI. .% ERA(,F rERNIIS OF NEI%l (OlNIN %I'ENTS ALL CREDITORS Interest I%) ... 8.2 7.8 6.9 7.0 7.6 7.4 7.7 6.4 Maturity (years) ... 5.1 8.7 10.0 9.8 14.0 13.9 14.7 4.7 Grace period (years) . 3.1 4.9 4.7 3.5 2.7 2.8 3.2 2.4 Grant element (%) -.. 4.3 10.0 14.4 11.3 8.2 8.2 7.7 7.4 Ofricial creditors Interest (% ... 9.6 7.2 6.8 6.1 7.1 3.9 6.2 6.1 Maturity (years) . . 10.8 12.0 10.9 13.5 20.0 18.2 19,4 18.7 Grace period (years) ... 5.2 5.6 5.1 4.5 5.5 4.9 6.6 5.2 Grant element (%) ... 0.6 14.5 15.3 21.1 18.8 38.7 25.0 24.6 Private creditors Interest (%) ... 8.1 8.1 7.2 7.1 7.6 7.7 7.8 6.4 Maturity (years) ... 5.0 6.7 7.5 9.4 13.3 13.5 14.2 4.3 Grace period (years) ... 3.1 4.4 3.8 3.3 2.4 2.6 2.9 2.3 Grant element (%) ... 4.4 7.2 12.1 10.1 6.9 5.7 6.0 6.8 Memorandum items Commitments ... 784 2,003 935 2,370 1,362 3,101 5,040 2,774 Official creditors ... 18 761 672 269 150 240 459 86 Private creditors ... 766 1,242 263 2,102 1,212 2,861 4,581 2,688 11). C ONIRAUIT' 1-1-L 0OBI.IG XTlONS ON OLFIS[ I VDIXG LONG-TERN1 DEBT1 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 648 377 202 76 43 19 9 4 0 0 Principal 2,753 1,998 2,535 1,~400 1,068 778 776 884 704 643 Interest 978 840 750 588 493 427 370 325 255 194 Ofricial creditors Disbursements 168 215 130 74 43 19 9 4 0 0 Principal 279 119 ill 108 126 126 123 122 123 81 Interest 68 70 73 71 67 61 54 46 39 32 Bilateral cr-editors Disbursements 71 63 38 22 11 5 2 0 0 0 Principal 85 57 34 32 31 28 25 24 25 23 Interest 16 17 16 16 16 14 13 13 12 11 Multilateral creditors Disbursements 97 152 92 52 32 14 7 4 0 0 Principal 194 61 77 76 95 98 98 98 98 58 Interest 52 54 56 55 52 46 40 34 27 22 Private creditors Disbursements 479 162 72 1 0 0 0 0 0 0 Principal 2,474 1,880 2,424 1.292 941 652 652 762 580 562 Interest 910 770 677 517 426 366 317 278 216 162 Commercial banks Disbursements 460 154 69 0 0 0 0 0 0 0 Principal 2,196 1,276 1,619 609 566 568 557 557 557 557 Interest 729 610 550 457 389 342 296 250 204 158 Other private Disbursemeints 20 9 3 1 0 0 0 0 0 0 Principal 278 603 805 683 375 85 96 205 24 5 Interest 181 160 127 60 38 24 21 29 1 2 3 188 DJIBOUTI (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. sl9MABARI DEBT Al TOTAL DEBT STOCKS (EDT) .. 31.8 205.3 225.8 235.3 264.4 263.1 281.8 295.8 283.6 Long-term debt ([DOD) 2.6 25.8 155.2 204.7 219.3 230.9 254.9 268.9 279.3 253.0 Public and publicly guaranteed 2.6 25.8 155.2 204.7 219.3 230.9 254.9 268.9 279.3 253.0 Private nlonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.1 5.4 Short-term debt .. 6.0 50.1 21.2 16.0 33.4 8.2 12.9 12.4 25.2 of which interest arrears on LDOD .. 0.0 0.1 0.2 0.7 1.6 2.8 3.5 4.2 14.2 Official creditors .. 0.0 0.1 0.2 0.7 1.6 2.8 3.5 4.2 14.2 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. 0.0 1.2 2.6 5.5 9.3 10.7 13.1 14.6 12.6 Official creditors .. 0.0 1.2 2.6 5.5 9.3 10.7 13.1 14.6 12.6 Private creditors .. 0.0 0.0 0.0 D.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits . . 27.0 25.0 21.0 16.0 10.0 8.0 5.0 17.0 TOTAL DEBT FLOWS Disbursements 1.4 10.2 27.0 54.3 43.4 25.6 25.8 18.4 27.8 13.5 Long-term debt 1.4 10.2 27.0 54.3 43.4 25.6 25.8 18.4 23.6 12.0 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.2 1.5 Principal repayments 0.1 2.2 8.9 8.2 7.7 6.4 8.9 9.2 8.8 5.0 Long-term debt 0.1 2.2 8.9 8.2 7.7 6.4 8.9 9.2 8.8 5.0 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 1.3 8.0 20.8 17.1 30.2 3S.6 -9.5 13.1 17.8 11.3 of which short-term debt ... 2.8 -29.0 -5.6 16.5 -26.4 3.9 -1.2 2.8 Interest payments (INT) .. 1.7 6.0 5.7 4.2 4.5 2.9 2.5 3.2 2.2 Long-term debt 0.0 0.9 2.1 2.2 2.4 2.1 1.8 2.0 2.7 1.5 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 Short-term debt .. 0.8 3.9 3.5 1.8 2.4 1.1 0.5 0.4 0.5 Net transfers on debt .. 6.3 14.8 11.4 26.0 31.2 -12.4 10.7 14.6 9.0 Total debt service paid (TDS) .. 3.9 14.9 13.9 11.9 10.9 11.8 11.6 12.0 7.3 Long-term debt 0.1 3.1 11.0 10.4 10.1 8.5 10.7 11.1 11.5 6.6 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 Short-term debt (interest only) .. 0.8 3.9 3.5 1.8 2.4 1.1 0.5 0.4 0.5 2..AGGREGATE NETT RESOLURCE FLO~ S AND NET TR.ANSFERS (LONG-IERMIN NET RESOURCE FLOWS 5.6 37.6 148.7 98.1 95.1 73.1 72.6 61.2 62.4 49.5 Net flow of long-term debt (ex. IMF) 1.3 8.0 18.0 46.1 35.8 19.1 16.9 9.2 14.9 6.9 Foreign direct investment (net) 0.0 0.0 0.0 0.0 2.3 1.4 1.4 3.2 5.0 5.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 4.3 29.6 130.7 52.0 57.0 52.6 54.3 48.8 42.5 37.6 Memo: technical coop. grants 6.2 27.6 44.6 43.0 44.0 44.5 51.1 46.7 41.3 32.7 official net resource flows 5.6 32.6 149.3 98.1 92.8 71.7 71.2 58.0 57.4 44.5 private net resource flows 0.0 5.0 -0.6 0.0 2.3 1.4 1.4 3.2 5.0 5.0 NET TRANSFERS 5.6 36.7 146.6 95.9 89.4 68.6 67.8 56.3 56.6 45.0 Interest on long-term debt 0.0 0.9 2.1 2.2 2.4 2.1 1.8 2.0 2.7 1.5 Profit remittances on FDI 0.0 0.0 0.0 0.0 3.3 2.5 3.0 3.0 3.0 3.0 Memo: official net transfers 5.6 31.7 147.2 95.9 90.4 69.6 69.4 56.0 54.7 43.0 private net transfers 0.0 5.0 -0.6 0.0 -1.0 -1.1 -1.6 0.2 2.0 2.0 3. MIA.IOR1 ECON(JN1IC AGG REGATES Gross national product (GNP) ... . 453.7 465.6 468.5 483.9 487.2 481.9 496.8 Exports of goods & services (XGS) ...... 229.1 259.8 233.8 211.8 224.0 232.0 of which workers remittances ...... 1.5 1.5 1.5 1.0 0.0 0.0 Imports of goods & services (MGS) ...... 389.6 373.1 333.8 300.8 291.0 296.0 International reserves (RES) . .. .. .. Current account balance ...... -87.5 -34.3 -46.1 -23.0 .4. DEBT IN-DICATORS EDT /XGS ()...... 102.7 101.8 112.5 133.0 132.1 122.3 EDT/ GNP (% .. . 49.8 50.5 56.4 54.4 57.8 61.4 57.1 TDS /XGS (). .... 5.2 4.2 5.1 5.5 5.4 3.1 INT/ XGS ().... . 1.8 1.7 1.3 1.2 1.4 1.0 INT IGNP (% .. . 1.3 0.9 1.0 0.6 0.5 0.7 0.4 RES/EDT(). .. ... . RES MGS (months)...... ... . Short-term /EDT (%) .. 18.9 24.4 9.4 6.8 12.6 3.1 4.6 4.2 8.9 Concessional / EDT (% . 45.7 74.0 89.3 92.1 86.6 96.1 94.8 93.9 88.9 Multilateral /EDT (%) .. 7.3 41.9 42.1 44.2 43.5 48.8 48.4 46.3 48.1 189 DJIBOUTI (US$ milliont, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG - UERM DEBI' DEBT OUTSTANDING (LDOD) 2.6 25.8 155.2 204.7 219.3 230.9 254.9 268.9 279.3 253.0 Public and publicly guaranteed 2.6 25.8 155.2 204.7 219.3 230.9 254.9 268.9 279.3 253.0 Official creditors 2.6 21.2 155.2 204.7 219.3 230.9 254.9 268.9 279.3 253.0 Multilateral 0.0 2.3 86.1 95.0 104.1 114.9 128.5 136.4 137.0 136.3 Concessional 0.0 1.0 83.0 92.3 101.8 113.0 126.6 134.7 135.7 135.4 Bilateral 2.6 18.9 69.2 109.6 115.3 116.1 126.4 132.5 142.2 116.7 Concessional 2.6 13.5 68.9 109.4 115.1 115.9 126.3 132.4 142.2 116.7 Private creditors 0.0 4.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 4.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 31.1 34.3 36.0 39.6 42.8 46.2 45.7 46.1 DISBURSEMENTS 1.4 10.2 27.0 54.3 43.4 25.6 25.8 18.4 23.6 12.0 Public and publicly guaranteed 1.4 10.2 27.0 54.3 43.4 25.6 25.8 18.4 23.6 12.0 Official creditors 1.4 5.3 27.0 54.3 43.4 25.6 25.8 18.4 23.6 12.0 Multilateral 0.0 2.4 8.9 11.3 17.1 13.9 12.1 10.0 10.6 9.6 Concessional 0.0 1.0 8.9 11.3 17.1 13.9 12.1 10.0 10.6 9.6 Bilateral 1.4 2.9 18.0 43.0 26.3 11.7 13.8 8.4 13.1 2.4 Concessional 1.4 0.0 18.0 43.0 26.3 11.7 13.8 8.4 13.1 2.4 Private creditors 0.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.5 2.9 3.2 3.5 1.3 2.8 1.4 3.3 PRINCIPAL REPAYMENTS 0.1 2.2 8.9 8.2 7.7 6.4 8.9 9.2 8.8 5.0 Public and publicly guaranteed 0.1 2.2 8.9 8.2 7.7 6.4 8.9 9.2 8.8 5.0 Official creditors 0.1 2.2 8.3 8.2 7.7 6.4 8.9 9.2 8.8 5.0 Multilateral 0.0 0.0 3.5 3.5 3.5 3.3 4.0 4.4 4.3 2.1 Concessional 0.0 0.0 3.3 3.3 3.3 3.0 3.8 4.1 4.1 1.8 Bilateral 0.1 2.2 4.8 4.7 4.1 3.2 4.9 4.8 4.4 2.9 Concessional 0.1 1.7 4.7 4.7 4.1 3.1 4.8 4.7 4.4 2.9 Private creditors 0.0 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.3 0.3 0.3 NET FLOWS ON DEBT 1.3 8.0 18.0 46.1 35.8 19.1 16.9 9.2 14.9 6.9 Public and publicly guaranteed 1.3 8.0 18.0 46.1 35.8 19.1 16.9 9.2 14.9 6.9 Official creditors 1.3 3.0 18.6 46.1 35.8 19.1 16.9 9.2 14.9 6.9 Multilateral 0.0 2.4 5.4 7.8 13.6 10.6 8.0 5.6 6.2 7.5 Concessional 0.0 1.0 5.6 8.0 13.8 10.8 8.3 5.9 6.5 7.8 Bilateral 1.3 0.6 13.2 38.3 22.2 8.5 8.9 3.6 8.6 -0.6 Concessional 1.3 -1.7 13.3 38.3 22.2 8.6 8.9 3.7 8.7 -0.6 PrTivate creditors 0.0 5.0 -0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 5.0 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.5 2.9 3.2 3.4 1.2 2.4 1.0 3.0 190 DJIBOUTI (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0.0 0.9 2.1 2.2 2.4 2.1 1.8 2.0 2.7 1.5 Public and publicly guaranteed 0.0 0.9 2.1 2.2 2.4 2.1 1.8 2.0 2.7 1.5 Official creditors 0.0 0.9 2.1 2. 2 2.4 2.1I 1.8 2.0 2.7 1.5 MultilateTal 00 00 1.3 1.1 1.3 1.3 10( 0.9 1.6 1.0 Concessional 0.0 0.0 1.3 1.1 1.3 1.2 0.9 0.9 1.6 1.0 Bilateral 0.0 0.9 0.8 1.1 1.1 0.8 0.9 1.1 1.1 0.5 Concessional 0.0 0.7 0.7 1.0 1.0 0.8 0.9 1.1 1.1 0.5 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commrercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.2 0.2 0.3 0.3 0.2 0.3 0.3 0.3 NET TRANSFERS ON DEBT 1.3 7.1 15.9 43.9 33.4 17.1 15.1 7.3 12.1 5.4 Public and publicly guaranteed 1.3 7.1 15.9 43.9 33.4 17.1 15.1 7.3 12.1 5.4 Official creditors 1.3 2.1 16.6 43.9 33.4 17.1 15.1 7.3 12.1 5.4 Multilateral 0.0 2.4 4.1 6.7 12.3 9.3 7.1 4.7 4.6 6.5 Concessional 0.0 1.0 4.3 6.9 12.5 9.6 7.4 5.0 4.9 6.8 Bilateral 1.3 -0.3 12.5 37.2 21.1 7.8 8.0 2.6 7.5 -1.1 Concessional 1.3 -2.4 12.6 37.3 21.2 7.8 8.1 2.6 7.6 -1.1 Private creditors 0.0 5.0 -0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Booids 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 5.0 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comnmercial baniks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0. 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.3 2.7 2.9 3.1 0.9 2.1 0.7 2.6 DEBT SERVICE (LTDS) 0.1 3.1 11.0 10.4 10.1 8.5 10.7 11.1 11.5 6.6 Public and publicly guaranteed 0.1 3.1 11.0 10.4 10.1 8.5 10.7 11.1 11.5 6.6 Official creditors 0.1 3.1 10.4 10.4 10.1 8.5 10.7 11.1 11.5 6.6 Multilateral 0.0 0.0 4.9 4.6 4.8 4.5 5.0 5.3 5.9 3.1 Concessional 0.0 0.0 4.6 4.4 4.6 4.3 4.7 5.0 5.6 2.8 Bilateral 0.1 3.1 5.5 5.8 5.2 4.0 5.7 5.9 5.6 3.5 Concessional 0.1 2.4 5.5 5.7 5.1 3.9 5.7 5.8 5.5 3.5 Private creditors 0.0 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonids 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonids 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comnmercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.2 0.2 0.3 0.4 0.4 0.7 0.7 0.7 UNDISBURSED DEBT 0.0 23.4 161.4 151.6 142.8 137.2 107.9 88.8 59.3 49.3 OffiCial CreditorS 0.0 23.4 161.4 151.6 142.8 137.2 107.9 88.8 55.7 45.7 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.6 3.6 Memorandum items Concessional LDOD 2.6 14.5 151.9 201.6 216.8 228.9 252.9 267.1 277.9 252.1 Variable rate LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD 2.6 25.8 155.2 204.7 219.3 230.9 254.9 268.9 279.3 253.0 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. 'L'RRE%Cl C(MOMI'htlhN OFlO0NG- lER%lDF)BI `iPFRL ENFI) Deutsche mark 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc 100.0 91.0 3.1 1.9 2.8 3.2 3.6 3.5 3.1 2.8 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 0.0 3.1 13.9 11.0 11.2 12.2 11.9 12.4 11.9 13.6 Multiple currency 0.0 0.8 16.8 16.2 17.8 20 8 23.6 23.5 21.9 22.9 Special drawing rights 0.0 0.4 8.9 7.6 6.9 6.5 6.5 6.3 5.8 5.9 All other currencies 0.0 5.0 57.3 63.3 61.3 57.2 54.3 54.3 57.3 54.8 191 DJIBOUTI (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBTf RES rRLrC IL R-Nr(is Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.7 0.0 0.0 0.0 0.0 0.0 16.1 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 0.0 8. D)EBT SI1OCK-Fl 0%% RECONCILIATION Total change in debt stocks . . 27.0 20.6 9.5 29.0 -1.3 18.7 14.0 -12.2 Net flows on debt ... 20.8 17.1 30.2 35.6 -9.5 13.1 17.8 11.3 Net change in interest arrears ... 0.1 0.1 0.5 0.9 1.2 0.8 0.7 10.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 -0.7 0.0 0.0 0.0 0.0 0.0 -16.1 Cross-currency valuation ... 4.3 -1.2 -16.1 -6.6 3.1 3.2 0.1 -9.8 Residual ... 2.0 5.3 -5.1 -0.9 3.9 1.6 -4.6 -7.5 9~.. A'ERA(IE TfERMS OF N EW CONEIFMITEN r'S ALL CREDITORS Interest (%) 3.3 2.1 0.7 1.4 1.2 1.4 0.0 0.0 6.9 0.8 Maturity (years) 19.5 18.0 39.7 31.1 36.4 31.7 20.7 0.0 8.2 30.3 Grace period (years) 1.0 7.4 10.2 10.4 9.9 7.1 4.5 0.0 3.4 4.1 Grant element (%) 38.0 55.0 80.5 71.7 75.1 68.2 66.6 0.0 12.8 66.9 Official creditors Interest (%) 3.3 1.0 0.7 1.4 1.2 1.4 0.0 0.0 6.9 0.8 Maturity (years) 19.5 20.1 39.7 31.1 36.4 31.7 20.7 0.0 8.4 30.3 Grace period (years) 1.0 8.5 10.2 10.4 9.9 7.1 4.5 0.0 3.7 4.1 Grant element (%) 38.0 64.5 80.5 71.7 75.1 68.2 66.6 0.0 14.0 66.9 Private creditors Interest (%) 0.0 7.5 0.0 0.0 0.0 0.0 0.0 0.0 7.0 0.0 Maturity (years) 0.0 7.5 0.0 0.0 0.0 0.0 0.0 0.0 7.9 0.0 Grace period (years) 0.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0 3.0 0.0 Grant element (%) 0.0 8.2 0.0 0.0 0.0 0.0 0.0 0.0 11.3 0.0 Memorandum items Commitments 0.2 29.5 6.2 44.0 50.2 21.5 2.6 0.0 7.7 11.9 Official creditors 0.2 24.6 6.2 44.0 50.2 21.5 2.6 0.0 4.1 11.9 Private creditors 0.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 3.6 0.0 10. CONTR-%(it'LAI OBIb.GXFIONS ON OUYISTANDJING L-ON(G-TERNM DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 17.7 13.8 8.0 5.2 2.8 0.5 0.1 0.0 0.0 0.0 Principal 11.4 13.7 13.7 13.2 14.9 14.4 12.3 12.5 12.2 11.5 Interest 3.4 3.5 3.4 3.2 2.9 2.6 2.4 2.2 2.0 1.8 Official creditors Disbursements 16.0 12.6 7.6 5.0 2.8 0.5 0.1 0.0 0.0 0.0 Principal 11.4 13.0 12.9 12.5 14.2 13.7 12.3 12.5 12.2 11.5 Interest 3.3 3.3 3.2 3.1 2.8 2.6 2.4 2.2 2.0 1.8 Bilateral creditors Disbursements 4.6 3.5 1.6 0.8 0.4 0.1 0.0 0.0 0.0 0.0 Principal 7.1 8.3 8.1 7.9 9.1 9.1 7.7 7.7 7.3 6.5 Interest 1.9 1.9 1.8 1.7 1.5 1.3 1.1 1.0 0.8 0.7 Multilateral creditors Disbursements 11.4 9.1 5.9 4.1 2.4 0.5 0.1 0.0 0.0 0.0 Principal 4.3 4.7 4.8 4.6 5.1 4.6 4.6 4.8 4.9 5.1 Interest 1.4 1.4 1.4 1.4 1.3 1.3 1.2 1.2 1.1 1.1 Private creditors Disbursements 1.7 1.2 0.5 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.7 0.7 0.7 0.7 0.7 0.0 0.0 0.0 0.0 Interest 0.1 0.2 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 1.7 1.2 0.5 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.7 0.7 0.7 0.7 0.7 0.0 0.0 0.0 0.0 Interest 0.1 0.2 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 192 DOMINICA (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SLMAINRI DEBT D XT k TOTAL DEBT STOCKS (EDT) ... 87.9 95.6 95.5 95.8 97.0 99.3 110.2 98.4 Long-term debt (LDOD) ... 80.2 87.8 88.6 91.8 87.5 90.9 93.8 86.2 Public and publicly guaranteed ... 80.2 87.8 88.6 91.8 87.5 90.9 93.8 86.2 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 5.7 4.8 3.8 3.1 2.5 1.7 0.8 0.3 Short-term debt ... 2.0 3.0 3.1 0.9 7.0 6.7 15.6 12.0 of which interest arrears on LDOD ... 0.0 0.0 0.1 0.0 0.0 0.2 0.4 0.0 Official creditors .. 0.0 0.0 0.1 0.0 0.0 0.2 0.4 0.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ... 0.2 0.1 0.8 0.2 0.2 1.8 3.1 0.4 Official creditors ... 0.2 0.1 0.8 0.2 0.2 1.8 3.1 0.4 Private creditors ... 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits ... 8.0 8.0 6.0 6.0 6.0 6.0 6.0 6.0 TOTAL DEBT FLOWS Disbursements . . 11.5 10.5 8.8 5.8 3.9 6.9 6.6 2.2 Long-term debt ... 11.5 10.5 8.8 5.8 3.9 6.9 6.6 2.2 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments . . 3.8 3.6 3.5 4.8 5.0 4.6 3.8 6.7 Long-term debt ... 2.5 2.6 2.7 4.1 4.2 3.7 3.0 6.1 IMF repurchases 0.0 0.0 1.4 0.9 0.8 0.8 0.8 0.8 0.8 0.6 Net flows on debt . . 7.8 7.9 5.3 .1.1 5.0 1.8 11.4 .8.0 of which short-term debt ... 0.1 1.0 0.0 -2.1 6.1 -0.5 8.7 -3.0 Interest payments (INT) . . 1.9 2.2 2.2 2.3 2.4 2.4 2.9 4.1 Long-term debt ... 1.6 1.9 2.0 2.1 2.1 2.0 2.0 3.1 IMF charges 0.0 0.0 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Short-term debt .... 0. 0.2 0.2 0.1 0.2 0.4 0.9 1.0 Net transfers on debt . . 5.8 5.8 3.1 -3.4 2.6 -0.6 8.5 .12.0 Total debt service paid (TDS) . 5.8 5.7 5.7 7.1 7.4 7.0 6.8 11.0 Long-term debt ... 4.1 4.5 4.7 6.2 6.3 5.7 5.0 9.0 IMF repurchases and charges 0.0 0.0 1.6 1.1 0.8 0.8 0.8 0.9 0.8 1.0 Short-term debt (interest only) ... 0.1 0.2 0.2 0.1 0.2 0.4 0.9 1.0 2..AGG(REG.%TE NET RESOUiRCE FLOWS AND NET TRANSFERS iLONG.TER.Mi NET RESOURCE FLOWS ... 25.1 25.9 32.1 20.0 33.7 51.7 45.3 22.7 Net flow of long-term debt (ex. IMF) ... 9.0 7.9 6.1 1.7 -0.3 3.2 3.5 -3.9 Foreign direct investment (net) . . 13.0 15.0 21.0 t3.0 22.0 25.0 19.0 20.0 Portfolio equity flows ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) ... 3.1 3.0 5.0 5.3 12.0 23.5 22.8 6.6 Memo: technical coop. grants ... 3.1 3.0 3.0 2.4 4.1 3.6 4.9 4.2 official net resource flows ... 12.2 10.9 11.1 7.0 11.7 26.7 26.3 2.7 private net resource flows ... 12.9 14.9 21.0 13.0 22.0 25.0 19.0 20.0 NET TRANSFERS . . 18.1 17.5 23.8 12.4 25.5 42.7 37.3 11.6 Interest oni lonig-term debt ... 1.6 1.9 2.0 2.1 2.1 2.0 2.0 3.1 Profit remittances on FDI ... 5.5 6.5 6.3 5.5 6.0 7.0 6.0 8.0 Memo: official net transfers ... 10.6 9.0 9.1 4.9 9.6 24.7 24.3 -0.4 private net transfers ... 7.4 8.4 14.7 7.5 16.0 18.0 13.0 12.0 3. 'LUoR ECONONIICA.GGREGATES Gross national product (GNP) ... 161.4 172.8 184.4 194.0 204.4 209.3 217.7 225.8 Exports of goods & services (XGS) ... 102.9 103.9 110.4 109.1 114.2 114.1 128.0 132.0 of which workers remittances ... 9.4 8.3 8.2 9.6 10.3 10.8 11.1 11.0 Imports of goods & services (MGS) ... 142.9 136.6 135.1 131.7 149.4 160.9 167.0 171.0 International reserves (RES) . .. .. .. Current account batance ... -43.5 -33.6 -25.4 -23.4 -38.4 -49.8 -39.9 4. DEBT INDICAUlORS EDT!/ XGS ()... 85.4 92.0 86.5 87.8 84.9 87.1 86.1 74.5 EDT / GNP %)... 54.5 55.3 51.8 49.4 47.4 47.4 50.6 43.6 TDS I/XGS 5% . . :.6 5.5 5.1 6.5 6.4 6.1 5.3 8.3 INT /XGS(% ... 1.9 2.1 2.0 2.1 2.1 2.1 2.3 3.1 INT /GNP(% ... 1.2 1.3 1.2 1.2 1.2 1.1 1.3 1.8 RES EDT(% .. .. .. .. RES /MGS (months)... .. .. . Short-term / EDT (%) ... 2.3 3.2 3.3 1.0 7.2 6.8 14.2 12.2 Concessional / EDT (91) ... 87.3 86.3 86.0 88.1 82.6 81.9 76.1 79.0 Multilateral I EDT (Olo) ... 65.7 65.5 64.6 64.1 58.0 59.5 53.4 56.5 193 DOMINICA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-rERMN DEB r DEBT OUTSTANDING (LDOD) ... 80.2 87.8 88.6 91.8 87.5 90.9 93.8 86.2 Public and publicly guaranteed ... 80.2 87.8 88.6 91.8 87.5 90.9 93.8 86.2 Official creditors ... 80.1 87.8 88.6 91.8 87.5 90.9 93.8 86.2 Multilateral ... 57.7 62.6 61.7 61.4 56.2 59.1 58.8 55.6 Concessional ... 54.4 57.3 55.3 54.1 48.8 49.5 48.9 47.2 Bilateral ... 22.4 25.2 26.9 30.4 31.3 31.8 35.0 30.5 Concessional ... 22.4 25.2 26.9 30.4 31.3 31.8 35.0 30.5 Private creditors ... 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 BoDds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 10.4 11.1 11.0 11.1 11.8 12.2 11.7 12.3 DISBURSEMENTS . . 11.5 10.5 8.8 5.8 3.9 6.9 6.6 2.2 Public and publicly guaranteed . . 11.5 10.5 8.8 5.8 3.9 6.9 6.6 2.2 Official creditors ... 11.5 10.5 8.8 5.8 3.9 6.9 6.6 2.2 Multilateral ... 8.3 6.8 3.2 3.3 1.4 2.3 3.2 2.2 Concessional ... 6.7 4.9 1.6 1.7 0.9 1.5 2.3 2.2 Bilateral ... 3.2 3.7 5.6 2.5 2.5 4.6 3.3 0.0 Concessional ... 3.2 3.7 5.6 2.5 2.5 4.6 3.3 0.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.9 0.6 0.4 0.1 0.3 0.1 0.0 1.4 PRINCIPAL REPAYMENTS . . 2.5 2.6 2.7 4.1 4.2 3.7 3.0 6.1 Public and publicly guaranteed . . 2.5 2.6 2.7 4.1 4.2 3.7 3.0 6.1 Official creditors ... 2.4 2.6 2.7 4.1 4.2 3.7 3.0 6.1 Multilateral ... 2.0 2.0 2.3 2.6 2.8 2.2 2.3 3.3 Concessional ... 2.0 2.0 2.3 2.4 2.5 1.9 2.1 2.6 Bilateral . . 0.3 0.6 0.4 1.4 1.5 1.6 0.7 2.8 Concessional ... 0.3 0.6 0.4 1.4 1.5 1.6 0.7 2.8 Private creditors ... 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 NET FLOWS ON DEBT . . 9.0 7.9 6.1 1.7 -0.3 3.2 3.5 -3.9 Public and publicly guaranteed . . 9.0 7.9 6.1 1.7 .0.3 3.2 3.5 -3.9 Official creditors ... 9.1 7.9 6.1 1.7 -0.3 3.2 3.5 -3.9 Multilateral ... 6.3 4.8 0.9 0.6 -1.4 0.2 0.9 -1.0 Concessional .. 4.6 2.9 -0.7 -0.7 -1.6 -0.4 0.2 -0.4 Bilateral ... 2.9 3.2 5.2 1.1 1.1 3.0 2.6 -2.8 Concessional ... 2.9 3.2 5.2 1.1 1.1 3.0 2.6 -2.8 Private creditors . . -0.1 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comniercial banks ... -0.1I -0.1I 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.9 0.6 0.4 0.0 0.2 0.0 -0.1 1.3 194 DOMINICA (US$ miillion, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) ... 1.6 1.9 2.0 2.1 2.1 2.0 2.0 3.1 Public and publicly guaranteed . 1.6 1.9 2.0 2.1 2.1 2.0 2.0 3.1 Official creditors ... 1.6 1.9 2.0 2.1 2.1 2.0 2.0 3.1 Multilateral ... 1.4 1.6 1.6 1.7 1.6 1.5 1.4 1.9 Concessional ... 1.3 1.5 1.4 1.4 1.3 1.2 1.1 1.4 Bilateral ... 0.2 0.3 0.4 0.4 0.5 0.4 0.6 1.2 Concessional ... 0.2 0.3 0.4 0.4 0.5 0.4 0.6 1.2 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. . .0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 NET TRA-NSFERS ON DEBT ... 7.5 6.0 4.1 -0.4 -2.5 1.2 1.5 -7.0 Public and publicly guaranteed ... 7.5 6.0 4.1 -0.4 -2.5 1.2 1.5 -7.0 Official creditors ... 7.5 6.1 4.1 -0.4 -2.5 1.2 1.5 -7.0 Multilateral ... 4.9 3.2 -0.7 -1.1 -3.0 -1.4 -0.5 -2.9 Concessional ... 3.3 1.4 -2.1 -2.1 -2.9 -1.6 -1.0 -1.8 Bilateral ... 2.6 2.9 4.8 0.7 0.6 2.6 2.0 -4.1 Concessional .2.6 2.9 4.8 0.7 0.6 2.6 2.0 -4.1 Private creditors ... -0.1I -0.1I 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... -0. 1 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.8 0.5 0.3 -0.1 0.2 -0.1I -0. 1 1.2 DEBT SERVICE (LTDS) ... 4.1 4.5 4.7 6.2 6.3 5.7 5.0 9.2 Public and publicly guaranteed ... 4.1 4.5 4.7 6.2 6.3 5.7 5.0 9.2 Official creditors ... 4.0 4.4 4.7 6.2 6.3 5.7 5.0 9.2 Multilateralt. . 3.4 3.6 3.9 4.3 4.4 3.7 3.7 5.1 Concessional ... 3.4 3.4 3.7 3.8 3.8 3.1 3.3 4.0 Bilateral ... 0.6 0.9 0.8 1.8 2.0 2.0 1.3 4.1 Concessional ... 0.6 0.9 0.8 1.8 2.0 2.0 1.3 4.1 Private creditors ... 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.2 UNDISBURSED DEBT ... 23.0 21.8 15.6 18.3 12.7 21.7 33.7 35.0 Official creditors ... 23.0 21.8 15.6 18.3 12.7 21.7 33.7 35.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD ... 76.7 82.4 82.1 84.4 80.1 81.4 83.9 77.8 Variable rate LDOD ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD ... 80.2 87.8 88.6 91.8 87.5 90.9 93.8 86.2 Private sector LDOD . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CURRENCY COMPOSITION OF LONG-TERMN DEBT tPER( ENTi Deutsche mark ... 8.7 7.3 6.3 5.2 5.5 3.6 2.9 2.4 French franc ... 9.7 10.0 11.2 15.0 17.1 11.8 10.3 9.1 Japanese yen ... 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.0 Pound sterling ... 16.5 14.5 15.0 14.0 15.0 14.0 14.5 12.9 Swiss franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollaes ... 51.6 54.0 54.1 52.9 48.6 57.5 59.3 63.9 Multiple currencyv. . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Special drawing rights ... 6.0 6.0 5.6 5.3 5.8 4.5 4.1 3.9 All other currencies ... 7.2 7.9 7.6 7.2 7.8 8.6 8.7 7.9 195 DOMINICA (US$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DFIIB RE%S[IRLCT'I'RJPN(;S Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of wvhich debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBI STOC'k-FLO)W~ RECONLI~UAlON Total change in debt stocks ... 10.0 7.7 -0.1 0.3 1.1 2.4 10.9 -12.2 Net flows on debt ... 8.0 7.9 5.3 -1.1 5.0 1.8 11.4 -8.0 Net change in interest arrears . . 0.0 0.0 0.1 -0.1 0.0 0.2 0.2 -0.4 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... -3.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 5.5 -0.6 -4.3 -2.0 3.7 1.7 0.0 -2.5 Residual ... 0.0 0.3 -1.1 3.6 -7.6 -1.4 -0.7 -1.3 9. .-* FRA(,F TEWNIS 01- ~NFW L'ONMITNIE NTs ALL CREDITORS Interest (%M.. 3.0 4.0 2.0 3.7 0.0 2.6 2.6 0.5 Maturity (years) ... 25.1 21.3 26.6 20.3 0.0 26.4 26.2 19.5 Grace period (years) ... 8.5 6.4 8.5 12.8 0.0 8.8 8.1 4.0 Grant element (%) ... 53.8 41.4 58.4 48.5 0.0 56.5 56.8 60.8 Official creditors In terest (%) ... 3.0 4.0 2.0 3.7 0.0 2.6 2.6 0.5 Maturity (years) . . 25.1 21.3 26.6 20.3 0.0 26.4 26.2 19.5 Grace period (years) ... 8.5 6.4 8.5 12.8 0.0 8.8 8.1 4.0 Grant elemnent (%) . . 53.8 41.4 58.4 48.5 0.0 56.5 56.8 60.8 Private creditors Interest (%) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments . . 3.4 9.7 4.8 8.8 0.0 5.1 18.8 4.1 Official creditors ... 3.4 9.7 4.8 8.8 0.0 5.1 18.8 4.1 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 wI. coNTR.AcrUAL OBLIGATIONS ON' OUISTANDING L.ON(;' F.-TR DE [IF 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 7.5 9.7 7.1 4.9 2.5 1.6 0.9 0.4 0.3 0.0 Principal 5.2 5.6 5.7 6.1 6.1 5.9 6.0 6.2 6.0 6.7 Interest 2.0 2.1 2.1 2.1 2.0 1.9 1.7 1.6 1.5 1.3 Ofricial creditors Disbursements 7.5 9.7 7.1 4.9 2.5 1.6 0.9 0.4 0.3 0.0 Principal 5.2 5.6 5.7 6.1 6.1 5.9 6.0 6.2 6.0 6.7 Interest 2.0 2.1 2.1 2.1 2.0 1.9 1.7 1.6 1.5 1.3 Bilateral creditors Disbursements 1.8 2.0 1.2 0.9 0.5 0.3 0.2 0.1 0.1 0.0 Principal 1.7 1.9 1.9 2.1 2.1 2.1 2.2 2.4 2.4 3.1 Interest 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.5 0.5 0.5 Multilateral creditors Disbursements 5.7 7.8 5.9 4.0 2.0 1.3 0.7 0.3 0.3 0.0 Principal 3.5 3.6 3.8 4.0 4.0 3.8 3.8 3.8 3.6 3.6 Interest 1.3 1.4 1.4 1.4 1.4 1.3 1.2 1.1 1.0 0.9 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks DisbUrsements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 196 DOMINICAN REPUBLIC (US$ millioni, linless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. sLIRI-IMARI DEBTI RAT.% TOTAIL DEBT STOCKS (EDTI) .. 2,002 4,372 4,491 4,613 4,860 4,275 4,448 4,332 4,239 Long-term debt (LDOD) 353 1,473 3,518 3,840 3,803 3,842 3,655 3,672 3,529 3,460 Public and publicly guaranteed 212 1,220 3,420 3,757 3,737 3,792 3,619 3,653 3,524 3,460 Private nonguaranteed 141 254 99 83 66 5 1 35 19 5 0 Use of IMF credit 7 49 72 89 123 186 190 160 96 29 Short-term debt .. 480 782 562 687 832 431 616 708 750 of which interest arrears On LDOD ..7 506 288 343 533 173 215 241 135 Official creditors ..3 304 65 62 63 119 157 177 76 Private creditors ..4 202 223 281 470 54 58 64 59 Memo: principal arrears on LDOD .. 13 614 408 479 593 302 320 293 273 Official creditors ..4 444 195 168 236 256 261 242 228 Private creditors ..8 169 213 310 357 46 59 51 46 Memo: export credits ... 967 778 691 875 950 762 730 697 TOTAL DEBT FLOWS Disbursements 60 482 139 181 207 203 123 195 133 99 Long-term debt 60 482 139 119 154 129 123 195 133 99 IMF purchases 0 0 0 61 53 74 0 0 0 0 Principal repayments 32 200 146 158 197 178 294 234 250 259 Long-termn debt 27 135 88 113 182 168 286 200 190 196 IMF repurchases 5 65 58 45 15 10 8 34 60 62 Net flows on debt 28 282 15 20 80 -20 -212 105 -52 -11 of which short-term debt ... 23 -2 70 -45 -41 143 65 148 Interest payments (INTl . 179 86 106 149 146 210 175 198 202 Long-term debt 13 121 59 84 126 118 183 145 163 174 IMF charges 0 5 9 7 6 8 10 10 7 3 Short-term debt .. 54 19 15 16 21 17 20 28 25 Net transfers on debt .. 103 -71 -85 -69 -166 -422 -70 -250 -214 Total debt service paid (TDS) .. 379 232 264 346 324 504 409 448 461 Long-term debt 39 256 147 197 309 286 469 345 354 370 IMF repurchases and charges 5 69 67 52 21 18 18 44 66 66 Short-term debt (interest only) .. 54 19 15 16 21 17 20 28 25 2. AGGREG XIE -NET1 RESOU7RCE F14011S.AND NET TRANSFERS L1ONG-TERM,1 NET RESOURCE FLOWS 114 454 213 169 174 229 236 440 392 357 Net flow of long-term debt (ex. IMP) 33 346 51 6 -28 -39 -163 -5 -57 -97 Foreign direct investment (net) 72 93 133 145 180 225 360 404 394 405 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 9 14 29 18 23 43 39 40 55 49 Memo: technical coop. grants 5 16 44 51 54 59 54 59 54 53 official net resource flows 39 304 83 40 14 32 -9 66 26 -45 private net resouirce flows 75 150 130 130 161 197 245 374 366 401 NET TRANSFERS 101 267 64 -35 -51 3 24 260 190 138 Interest on long-term debt 13 121 59 84 126 118 183 145 163 174 Profit remittances on FDI 0 66 90 120 99 108 29 35 38 44 Memo: official net transfers 35 278 28 -36 -89 -73 -113 -54 -95 -172 private net transfers 66 -11 36 1 38 76 137 314 286 311 31. MtA.1014 EtUONOMlCA.-GGRE( ATES Gross national product (GNP) 1.476 6,420 6,735 7,259 8,420 9,243 10,108 11.560 12,901 14,622 Exports of goods & services (XGS) 284 1,496 2,233 2,274 2,312 5,451 5,964 6,474 7,061 7,466 of which workers remittances 25 183 315 330 347 721 757 795 847 885 Imports of goods & services (MOS) 392 2,238 2,568 2,488 3,106 6,034 6,399 6,773 7,404 7,823 International reserves (RES) 32 279 69 448 506 658 259 373 357 396 Current account balance -102 -720 -280 -157 -708 -422 -227 -101 -110 4. DEBT l's DICAITORS EDT IXGS ().. 133.8 195.8 197.5 199.5 89.2 71.7 68.7 61.3 56.8 EDT! GNP ().. 31.2 64.9 61.9 54.8 52.6 42.3 38.5 33.6 29.0 TDS /XGS ().. 25.3 10.4 11.6 15.0 5.9 8.4 6.3 6.3 6.2 INT /XGS (% . 12.0 3.9 4.7 6.4 2.7 3.5 2.7 2.8 2.7 INT /GNP (1.. 2.8 1.3 1.5 1.8 1.6 2.1 1.5 1.5 1.4 RES/EDT (1.. 13.9 1.6 10.0 11.0 13.5 6.1 8.4 8.2 9.3 RES /MGS (months) 1.0 1.5 0.3 2.2 2.0 1.3 0.5 0.7 0.6 0.6 Short-term / EDT (%) .. 24.0 17.9 12.5 14.9 17.1 10.1 13.8 16.3 17.7 Concessional / EDT ().. 20.1 27.5 40.2 40.5 41.0 39.1 37.6 37.4 36.6 Multilateral / EDT (%) .. 10.2 19.6 19.6 18.8 18.3 21.9 23.2 23.4 22.8 197 DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 .5. LONG-TERM D)EBT DEBT OUTSTANDING (LDOD) 353 1,473 3,518 3,840 3,803 3,842 3,655 3,672 3,529 3,460 Public and publicly guaranteed 212 1,220 3,420 3,757 3,737 3,792 3,619 3,653 3,524 3,460 Official creditors 202 786 2,383 2,754 2,750 2,853 2,948 2,996 2,890 2,833 Multilateral 14 205 858 881 869 888 936 1,034 1,014 965 Concessional 0 138 432 424 411 408 413 438 454 454 Bilateral 188 581 1,525 1,874 1,881 1,965 2,012 1,962 1,876 1,867 Concessional 167 264 772 1,381 1,459 1,587 1,259 1,233 1,169 1,100 Private creditors 10 434 1,036 1,003 986 939 672 657 634 627 Bonds 0 0 0 0 0 0 520 520 520 518 Commercial banks 0 386 775 776 791 796 27 34 37 52 Other private 9 48 262 227 195 143 125 104 77 58 Private nonguaranteed 141 254 99 83 66 51 35 19 5 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 141 254 99 83 66 5 1 35 19 5 0 Memo: IBRD I11 66 238 254 255 261 276 283 244 209 IDA 0 18 20 20 19 19 18 17 17 16 DISBURSEMENTS 60 482 139 119 154 129 123 195 133 99 Public and publicly guaranteed 38 415 139 119 154 129 123 195 133 99 Official creditors 36 319 136 119 135 119 114 187 118 77 Multilateral 11 90 84 81 58 70 81 157 95 61 Concessional 0 51 21 10 2 16 22 44 36 26 Bilateral 25 229 53 38 77 50 33 31 24 16 Concessional 24 42 20 34 25 23 7 18 10 6 Private creditors 2 96 2 1 19 9 9 8 15 22 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 72 0 1 18 7 8 8 15 22 Other private 2 24 2 0 1 2 2 0 0 0 Private nonguaranteed 22 67 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 22 67 0 0 0 0 0 0 0 0 Memo: IBRD 11 39 39 42 35 26 33 36 18 13 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 27 135 88 113 182 168 286 200 190 196 Public and publicly guaranteed 7 62 83 97 166 152 271 184 176 191 Official creditors 6 30 83 97 145 130 162 161 148 171 Multilateral 0 3 38 63 57 58 70 79 70 67 Concessional 0 0 6 18 15 17 18 20 19 21 Bilateral 6 27 44 35 88 73 92 82 78 1104 Coacessional 3 9 8 9 15 27 51 47 50 57 Private creditors 1 32 0 0 21 22 109 23 29 20 Bonds 0 0 0 0 0 0 0 0 0 2 Commercial banks 0 30 0 0 2 3 79 3 9 5 Other private 1 2 0 0 19 19 30 20 19 14 Private nonguaranteed 20 74 5 16 17 16 15 16 14 5 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 20 74 5 16 17 16 15 16 14 5 Memo: IBRD 0 2 19 31 25 25 36 40 37 29 IDA 0 0 0 1 0 1 1 1 1 1 NET FLOWS ON DEBT 33 346 51 6 -28 -39 -163 -5 -57 -97 Public and publicly guaranteed 31 353 56 22 -12 -23 -148 11 -43 -92 Official creditors 30 289 54 22 -9 -11 -48 26 -29 -94 Multilateral 11 87 46 18 1 12 11 78 25 -6 Concessional 0 51 15 -8 -13 -2 5 24 17 5 Bilateral 19 202 8 3 -10 -23 -59 -52 -54 -87 Concessional 22 33 11 25 11 -3 -44 -29 -40 -51 Private creditors 1 64 2 1 -2 -12 -100 -15 -14 1 Bonds 0 0 0 0 0 0 0 0 0 -2 Commercial banks 0 42 0 1 15 5 -72 5 5 17 Other private 1 22 2 0 -18 -17 -28 -20 -19 -14 Private nonguaranteed 2 -7 -5 -16 -17 -16 -15 -16 -14 - Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 -7 -5 -16 -17 -16 -15 -16 -14 -5 Memno:. IBRD 11 37 20 12 10 1 -3 -4 -19 -15 IDA 0 0 0 -1 0 -1 -1 -1 -1 -1 198 DOMINICAN REPUBLIC (US$ million, uniless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 13 121 59 84 126 118 183 145 163 174 Public and publicly guaranteed 4 92 56 77 120 113 179 143 162 174 Official creditors 4 26 55 76 103 105 104 120 121 128 Multilateral 1 5 32 51 44 45 47 51 51 47 Concessional 0 1 4 11 9 9 9 10 9 9 Bilateral 4 21 24 25 58 60 57 69 70 81 Concessional 2 6 7 11 41 50 35 53 48 53 Private creditnrs 0 66 1 1 18 8 75 23 41 46 Bonds 0 0 0 0 0 0 5 13 34 35 Commercial banks 0 64 0 0 2 2 63 3 4 10 Other private 0 3 1 1 16 6 7 7 3 1 Private nonguaranteed 8 29 3 7 6 5 4 2 1 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 8 29 3 7 6 5 4 2 1 0 Memo: IBRD 0 3 14 23 19 20 20 21 19 16 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 21 226 -9 -78 -155 -157 -346 -150 -221 -272 Public and publicly guaranteed 27 261 0 -55 -132 -137 -327 -132 -206 -266 Official creditors 26 264 -1 -54 -112 -116 -153 -94 -150 -221 Multilateral 10 83 14 -32 -44 -33 -36 27 -26 -53 Concessional 0 50 1 1 -19 -22 -10 -4 14 8 -4 Bilateral 16 181 -15 -22 -69 -83 -116 -121 -124 -169 Concessional 20 27 4 14 -30 -53 -80 -82 -87 -104 Private creditors 1 -3 1 0 -20 -21 -175 -38 -56 -45 Bonds 0 0 0 0 0 0 -5 -13 -34 -37 Commercial banks 0 -22 0 1 13 3 -135 2 1 7 Other private 1 20 1 -1 -33 -24 -35 -27 -22 -15 Private nonguaranteed -6 -35 -8 -23 -23 -20 -19 -18 -15 -6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks -6 -35 -8 -23 -23 -20 -19 -18 -15 -6 Memo: IBRD 10 34 6 -11 -9 -19 -23 -25 -38 -31 IDA 0 0 0 -1 -1 -1 -1 -1 -1 -l DEBT SERVICE (LTDS) 39 256 147 197 309 286 469 345 354 370 Public and publicly guaranteed 12 154 139 174 286 265 450 327 338 365 Official creditors 10 56 138 173 247 236 266 281 268 299 Multilateral 1 7 70 113 101 102 118 130 121 114 Concessional 0 1 10 28 24 26 26 30 28 30 Bilateral 10 48 68 59 146 133 149 151 148 185 Concessional 4 15 15 20 56 77 86 100 98 109 Private creditors 1 98 1 1 39 30 184 46 70 66 Bonds 0 0 0 0 0 0 5 13 34 37 Commercial banks 0 94 0 0 4 4 143 6 14 15 Other private 1 4 1 1 35 26 36 27 22 15 Private nonguaranteed 28 102 8 23 23 20 19 18 15 6 Bonds 0 0 0 0 0 0 0 0 0 0 CommerCial banks 28 102 8 23 23 20 19 18 15 6 Memo: IBRD 0 5 33 54 44 45 56 60 56 44 IDA 0 0 0 1 1 1 1 1 1 1 UNDISBURSED DEBT 64 632 510 508 451 412 520 488 458 552 Official creditors 42 537 483 459 423 394 506 476 436 523 Private creditors 22 94 27 48 28 18 14 12 22 29 Memorandum items Concessional LDOD 167 402 1,203 1,805 1,870 1,994 1,672 1,671 1,622 1,554 Variable rate LDOD 141 695 1,104 1,629 1,646 1,813 1,204 1,273 1,272 1,228 Public sector LDOD 197 1,185 3,391 3,729 3,705 3,762 3,591 3,626 3.499 3,437 Private sector LDOD 156 289 128 ill 97 80 63 46 30 23 @. CUiRRENC COM POSI TION OF LON(-TrE R.% DEBT 1PERCFNT-'[I Deutsche mark 0.0 0.6 2.0 1.6 1.4 0.9 2.2 2.2 2.0 1.7 French franc 0.0 0.0 0.5 0.2 0.2 0.4 1.2 1.5 1.4 1.2 Japanese yen 0. 0.0 6.4 5.9 5.3 4.3 8.4 7.7 6.7 5.7 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 93.4 81.8 68.4 71.0 71.9 72.9 64.3 63.7 65.0 67.4 Multiple currency 6.6 11.5 21.8 20.5 20.4 20.8 23.2 24.2 24.0 23.2 Special drawing rights 0.0 0.0 0.2 0.2 0.1 0.1 0.1 0.2 0.3 0.3 All other currencies 0.0 6.0 0.7 0.6 0.6 0.6 0.7 0.6 0.7 0.6 199 DOMINICAN REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEB'T REST1RU CILIMRNGSN Total amount rescheduled 0 0 8 624 91 162 520 2 22 130 Debt stock rescheduled 0 0 0 0 0 0 506 0 0 0 Principal rescheduled 0 0 1 325 67 104 6 1 14 20 Official 0 0 1 282 54 56 0 1 14 20 Private 0 0 0 43 13 49 6 0 0 0 Interest rescheduled 0 0 2 299 23 57 3 0 7 110 Official 0 0 2 256 19 1 1 0 0 7 110 Private 0 0 0 43 5 46 3 0 0 0 Debt forgiven ..7 0 6 1 0 0 3 0 Memo: inteTeSt forgiven 0 0 0 0 180 0 4 0 Debt stock reduction 0 0 0 0 0 0 291 0 0 0 of which debt biyback 0 0 0 0 0 0 68 0 0 0 8. DI B I STOCK- FIl01 RECONCI 1LL-VTION Total change in debt stocks 334 119 122 247 -585 173 -116 -93 Net flows on debt ... 15 20 80 -20 -212 105 -52 -11 Net change in interest arrears ... 267 -218 55 190 -360 42 26 -106 Interest capitalized ...2 299 23 57 3 0 7 110 Debt forgiveness or reduction ... -7 0 -6 -1 -223 0 -3 0 Cross-currency valuation ... 40 11 -21 12 61 4 -65 -59 Residual .. 16 6 -9 9 146 22 -31 -27 9. AVERAGE TERAMS OF NE%% CO MINHYNINTS ALL CREDITORS Interest (%) 2.4 8.9 5.9 5.0 7.3 4.0 3.6 6.6 5.5 7.4 Maturity (years) 28.4 12.3 24.4 19.7 17.0 22.6 27.8 19.4 16.4 19.5 Grace period (years) 4.8 4.0 6.4 5.6 4.1 5.7 7.9 5.1 4.4 4.4 Grant element (%) 53.4 10.2 31.2 34.2 14.4 41.2 5 0. 1 20.7 26.8 15.3 Official creditors Interest (%) 2.4 7.5 5.8 4.2 7.3 3.9 3.5 6.6 5.1 7.5 Maturity (years) 28.4 12.8 24.8 22.1 17.0 22.7 28.1 19.8 18.3 21.3 Grace period (years) 4.8 4.3 6.4 6.2 4.1 5.7 8.0 5.2 5.0 4.9 Grant element (%) 53.4 17.5 31.9 40.9 14.4 41.4 50.8 21.2 31.0 16.2 Private creditors Interest (%) 0.0 11.8 9.8 9.0 0.0 10.7 9.1 8.4 7.1 6.9 Maturity (years) 0.0 11.3 9.1 8.6 0.0 11.1 8.9 9.5 8.5 7.6 Gracc period (years) 0.0 3.4 4.6 2.9 0.0 1.6 1.7 2.0 1.8 1.1 Grant element (%) 0.0 -3.9 -0.2 2.9 0.0 -4.0 1.4 5.8 9.9 9.5 Memorandum items Commitments 20 519 204 124 130 101 226 167 126 217 Official creditors 20 342 199 102 130 101 222 161 101 189 Private creditors 0 176 5 22 0 1 3 6 25 29 III. CONTRkUTUAL OBI-lG. A [IONS Or% OII 1ST I.NDI)NG; LONG -TERlA1 DE BT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAIL Disbur-sements 153 147 104 70 31 19 1 1 5 3 3 Principal 308 227 285 295 296 271 252 241 223 172 Interest 174 165 158 148 132 116 103 89 76 64 Official creditors Disbursements 136 138 101 69 31 19 1 1 5 3 3 Principal 266 191 259 270 272 249 232 222 204 155 Interest 133 126 122 114 99 85 74 61 50 39 Bilateral creditors Disbursements 45 38 23 12 6 3 1 0 0 0 Principal 195 123 187 187 192 168 148 140 134 84 Interest 85 78 72 65 53 43 34 26 19 12 Multilateral creditors Disbursements 91 100 78 57 25 17 10 5 3 3 Principal 71 68 73 84 80 81 84 82 71 71t Interest 48 49 50 49 46 43 39 35 31 27 Private creditors Disbursements 17 9 3 1 0 0 0 0 0 0 Principal 42 36 26 25 24 22 21 20 1 9 17 Interest 41 38 36 34 32 31 29 28 27 25 Commercial bank-s Disbursements 17 9 3 1 0 0 0 0 0 0 Principal 16 19 10 9 8 6 5 4 3 1 Interest 5 4 3 2 2 1 1 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 27 17 16 16 16 16 16 16 1 6 16 Interest 36 34 33 32 3 1 30 29 28 26 25 200 ECUADOR (US$ million, zunless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 TOTAL DEBT STOCKS (EDT) 5,997 12,109 12,468 12,280 14,150 15,075 13,994 14,495 14,918 Long-term debt (LDOD) 242 4,422 10,030 10,094 9,932 10,216 10,777 12,508 12,764 12,716 Public and publicly guaranteed 193 3,300 9,867 9,951 9,831 9,975 10,552 12,068 12,444 12,376 Private nonguaranteed 49 1,122 164 143 100 241 224 440 320 340 Use of IMF credit 14 0 265 182 too 71 198 174 145 133 Short-term debt 1,575 1,814 2,192 2,249 3,864 4,100 1,312 1,586 2,069 of wbicb interest arrears on LDOD ..0 1,522 1,892 2.045 2,330 2,349 13 77 84 Official creditors ..0 10 89 21 88 3 8 61 75 Private creditors ..0 1,513 1,804 2,024 2,242 2,347 5 16 9 Memo: principal arrears on LDOD 1 1,097 1.809 2,207 2,875 3,428 10 178 256 Official creditors 0 6 116 15 45 6 8 121 197 Private creditors ..1 1.091 1,6i93 2,192 2,830 3,422 2 58 59 Memo: export credits ... 2,090 2,194 1,949 1,841 1,726 1,130 1,349 1.193 TOTAL DEBT FLOWS Disbursements 58 1,283 638 546 352 666 666 1,049 1,090 1,328 Long-term debt 48 1,283 606 521 352 666 524 1,049 1,090 1,328 IMF purchases 10 0 32 25 0 0 142 0 0 0 Principal repayments 33 535 611 602 561 517 509 750 646 1,069 Long-term debt 26 535 496 497 483 488 487 721 623 1,066 IMF repurchases 7 0 115 105 77 29 21 29 23 3 Net flows on debt 25 748 -1 -48 -306 1,479 375 -152 653 735 of wbich short-term debt .... 28 8 -97 1.330 218 -451 210 475 Interest payments (INTl . 473 474 504 420 404 492 667 675 823 Long-term debt 10 365 416 457 376 302 401 576 576 715 IMF charges 0 0 30 20 11 7 3 10 7 6 Short-term debt .. 108 28 27 33 95 88 81 92 101 Net transfers on debt 275 -475 -552 -726 1,076 -117 -819 -22 -88 Total debt service paid ('TDS) 1,008 1,084 1,106 981 921 1,000 1,417 1,321 1,891 Long-term debt 36 900 911 954 859 790 888 1,297 1,199 1,781 IMF repurcbases and charges 7 0 145 125 89 36 25 39 30 9 Short-term debt (interest univ) .. 108 28 27 33 95 88 81 92 101 2.A.-(;GRF(G ATE` NETf RE.SOURCE Ft-)%N S -%ND NET r'RANSFERS iLONG-TER.-Ii NET RESOURCE FLOWS 113 825 289 230 129 679 617 868 971 888 Net flow of long-term debt (ex. IMF) 2 1 748 110 24 -132 178 37 328 466 262 Foreign direct investment (net) 89 70 126 160 178 469 531 470 447 577 Portfolio equity flows 0 0 0 0 0 0 4 1 1 0 Grants (excluding technical coop.) 3 7 53 46 83 32 46 69 56 48 Memo: technical coop. grants 8 28 67 77 81 89 96 122 112 110 official net resource flows 13 231 106 148 155 114 113 327 168 58 private net resource flows 101 594 183 82 -26 566 504 541 803 829 NET TRANSFERS 84 349 -251 -355 -377 231 67 140 235 3 Interest on long-term debt 10 365 416 457 376 302 401 576 576 715 Profit remittances on FDI 19 III 125 128 130 147 150 152 160 170 Memo: official net transfers 8 142 -106 -77 -87 -112 -139 -2 -103 -261 private net transfers 76 207 -145 -278 -290 343 205 142 338 263 3. !NlXIOR ECONOMIJC -XGGREGAT~ES Gross national product (GNP) 1,643 11,152 9,866 11,048 12,049 13,732 15,327 16.677 17,661 17,240 Exports of goods & services (XGS) .. 2.975 3.287 3.438 3,753 3,7416 4,640 5,347 5,831 6,106 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imnports of goods & services (MGS) .. 3,647 3,754 4,256 3,995 4,554 5,466 6,313 6,010 7,240 International reserves (RES) 76 1,257 1,009 1,081 1,016 1,542 2,003 1,788 2,011 2,213 Current account balance .. 642 -360 -708 -122 -678 -681 -735 Ill -743 EDT /XGS 2% 01.6 368.4 362.7 327.2 377.7 324.9 261.7 248.6 244.3 EDT /GNP (% . 53.8 122.7 112.9 101.9 103.0 98.4 83.9 82.1 86.5 TDS /XGS (% . 33.9 33.0 32.2 26.1 24.6 21.6 26.5 22.7 31.0 INTIXGS(% . 15.9 14.4 14.7 11.2 10.8 10.6 12.5 11.6 13.5 INT GNP(% . 4.2 4.8 4.6 3.5 2.9 3.2 4.0 3.8 4.8 RES/EDT(% . 21.0 8.3 8.7 8.3 10.9 13.3 12.8 13.9 14.8 RES /MGS (months) .. 4.1 3.2 3.0 3.1 4.1 4.4 3.4 4.0 3.7 Short-term / EDT (%) .. 26.3 15.0 17.6 18.3 27.3 27.2 9.4 10.9 13.9 Concessional I/ EDT (% . 4.8 7.3 8.1 10.4 10.1 10.8 12.6 12.7 11.8 Multilateral / EDT (%) .. 5.4 17.6 17.9 18.3 16.8 17.1 21.6 20.3 19.3 20] ECUADOR (US$ mtillion, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LO)N( -IERNM DEBT DEBT OUTSTANDING (LDOD) 242 4,422 10,030 10,094 9,932 10,216 10,777 12,508 12,764 12,716 Public and publicly guaranteed 193 3,300 9,867 9,951 9,831 9,975 10,552 12,068 12,444 12,376 Official creditors 133 1:325 4,065 4,211 4.399 4,570 4,934 5.281 5,149 4.905 Multilateral 51 323 2,127 2.233 2,253 2,371 2.580 3,019 2,944 2,872 Concessional 10 102 451 490 513 581 601 647 654 639 Bilateral 83 1,002 1,938 1,978 2,146 2,199 2,354 2.261 2,206 2,033 Concessional 75 188 432 516 762 851 1,029 1,121 1.181 1,123 Ptivate creditors 60 1,976 5,802 5.740 5,432 5,405 5,618 6,787 7,294 7,471 Bonds 3 55 0 0 0 0 191 5,999 6,013 5,834 Commercial baniks 4 1,697 4,885 4.908 4,763 4,831 4,959 473 1,023 1,436 Other private 53 223 917 832 669 574 469 316 258 201 Private nonguaranteed 49 1,122 164 143 100 241 224 440 320 340 Bonds 0 0 0 0 0 0 0 10 10 0 Commercial banks 49 1,122 164 143 100 241 224 430 310 340 Memo: IBRD 34 109 816 816 783 759 830 1.082 980 851 IDA 6 36 32 31 30 29 28 27 25 24 DISBURSEMENTS 48 1,283 606 521 352 666 524 1,049 1,090 1,328 Public and publicly guaranteed 41 968 575 519 352 500 524 839 1,090 1,248 Official creditors 17 348 329 364 321 359 377 744 478 414 Multilateral 5 91 227 246 218 269 310 602 317 355 Conicessional 2 11 24 50 35 82 39 62 34 15 Bilateral 12 257 101 119 103 90 67 142 161 59 Concessional 9 4 31 76 97 74 66 128 135 46 Private creditors 25 620 247 155 30 142 147 95 612 834 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 497 39 77 16 136 131 94 607 831 Other private 22 122 207 78 14 6 16 1 4 3 Private nonguaranteed 7 315 30 1 0 166 0 210 0 80 Bonds 0 0 0 0 0 0 0 10 0 0 Commercial banks 7 315 30 1 0 166 0 200 0 80 Memo: IBRD 2 34 47 60 63 52 112 319 89 45 IDA 2 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 26 535 496 497 483 488 487 721 623 1,066 Public and publicly guaranteed 16 272 471 474 441 463 471 711 493 1,006 Official creditors 7 125 276 262 250 277 310 486 366 404 Multilateral 3 16 164 162 155 193 225 235 234 288 Concessional 1 0 8 11 13 15 20 23 25 26 Bilateral 4 108 112 100 95 85 85 252 132 116 Concessinnal 3 8 1 3 10 16 18 45 35 36 Private creditors 8 147 195 212 192 186 160 225 127 602 Bonds 0 14 0 0 0 0 0 10 10 126 Commercial banks 3 110 27 50 76 86 62 60 56 417 Other private 6 23 167 163 116 100 99 155 62 59 Private nonguaranteed 11 263 25 22 42 25 17 10 130 60 Bonds 0 0 0 0 0 0 0 0 0 10 Commercial banks 11 263 25 22 42 25 17 10 130 50 Memo: IBRD 2 10 42 78 74 93 94 98 119 101 IDA 0 0 1 1 1 1 1 1 1 1 NET FLOWS ON DEBT 21 748 110 24 -132 178 37 328 466 262 Public and publicly guaranteed 26 696 105 45 -90 37 54 128 596 242 Official creditors 9 224 53 102 72 82 67 258 112 10 Multilateral 1 75 64 83 63 77 85 368 83 67 Concessional 1 11 16 38 22 67 19 39 9 -11 Bilateral 8 149 -11 19 9 5 -18 -110 29 -57 Concessional 6 -4 30 73 87 59 49 84 100 10 Private creditors 16 473 52 -57 -161 -44 -14 -130 485 232 Bonds 0 -14 0 0 0 0 0 -10 -10 -126 Commiercial banks 0 387 12 27 -59 50 69 34 551 414 Other private 17 99 40 -85 -102 -94 -83 -154 -57 -56 Private nonguaranteed -4 52 5 -21 -42 141 -17 200 -130 20 Bonds 0 0 0 0 0 0 0 10 0 -10 Commercial banks -4 52 5 -21 -42 141 -17 190 -130 30 Memo: IBRD 0 24 5 -18 -11 -41 18 22 -30 -56 IDA 2 0 -1 -1 -1 -1 -l -1 -1 -1 202 ECUADOR (US$ miillion, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 10 365 416 457 376 302 401 576 576 715 Public and publicly guaranteed 7 288 404 453 371 299 399 574 572 711 Official creditors 4 89 212 225 242 226 252 328 271 319 Multilateral 3 19 140 159 151 159 157 171 191 221 Concessional 0 1 8 9 10 10 12 13 12 14 Bilateral 2 71 72 66 91 67 94 157 80 99 Concessional 1 5 7 9 20 19 26 43 32 37 Private creditors 2 199 192 228 130 73 148 246 301 392 Bonds 0 6 0 0 0 0 0 147 241 250 Comnmercial banks 1 184 132 173 87 34 121 58 46 121 Other private 2 8 60 55 43 39 27 41 14 21 Private nonguaranteed 3 78 12 4 5 2 2 1 4 4 Bonds 0 0 0 0 0 0 0 0 1 1 Commercial banks 3 78 12 4 5 2 2 1 3 3 Memo: IBRD 2 9 62 72 63 67 59 69 75 69 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 11 383 -306 -433 -508 -124 -364 -248 -109 -453 Public and publicly guaranteed 19 408 -299 -408 -461 -262 -345 -447 25 -469 Official creditors 5 134 -160 -122 -170 -145 4184 -71 -159 -309 Multilateral -1 56 -77 -76 -88 -82 -72 197 -108 -154 Concessional 1 9 8 29 13 56 7 26 -3 -25 Bilateral 6 78 -83 -47 -82 -63 -112 -268 -51 -155 Concessional 5 -9 23 63 67 39 22 41 68 -27 Private creditors 14 274 -140 -285 -291 -117 -161 -376 184 -160 Bonds 0 -20 0 0 0 0 0 -157 -250 -375 Comnmercial banks -1 203 -120 -146 -146 16 -52 -24 506 293 Other private 15 91 -20 -139 -145 -133 4110 -196 -71 -77 Private nonguaranteed -8 -26 -7 -25 -47 138 -18 199 -134 16 Bonds 0 0 0 0 0 0 0 10 -1 -11 Commercial banks -8 -26 -7 -25 -47 138 -18 189 -133 27 Memo: IBRD -2 16 -56 -90 -74 -108 -41 152 -105 -125 IDA 2 0 -1 -1 -1 -l -1 -1 -1 -1 DEBT SERVICE ELTDS) 36 900 911 954 859 790 888 1,297 1,199 1,781 Public and publicly guaranteed 22 559 875 927 812 762 870 1,286 1,065 1,717 Official creditors 12 214 488 487 491 504 562 815 638 723 Multilateral 6 35 304 322 306 352 383 406 425 509 Coocessional 1 2 16 21 22 25 32 36 37 40 Bilateral 6 179 184 165 186 152 179 409 213 214 Concessional 4 13 8 13 30 35 44 88 67 73 Private creditors I11 346 386 440 321 259 308 471 428 994 Bonds 0 20 0 0 0 0 0 157 250 375 Commercial banks 3 294 159 223 163 120 182 118 102 539 Other private 8 31 227 218 159 139 126 197 76 80 Private nonguaranteed 14 341 37 26 47 27 18 11 134 64 Bonds 0 0 0 0 0 0 0 0 1 11 Commercial banks 14 341 37 26 47 27 18 11 133 53 Memo: IBRD 4 19 103 150 137 160 153 167 194 170 IDA 0 0 1 1 1 1 1 1 1 1 UNDISBURSED DEBT 142 1,039 1,648 1,620 1,938 1,698 2,018 2,253 2,118 1,903 Official creditors 60 695 1,535 1,534 1,715 1,445 1,809 1,772 1,535 1,596 Private creditors 82 345 114 86 223 253 208 482 583 307 Memorandum items Concessional LDOD 85 290 884 1,006 1,275 1,432 1,631 1,768 1,835 1,763 Variable rate LDOD 49 2,766 6,246 6,161 6,051 6,202 6,653 6.542 6,755 6,875 Public sector LDOD 193 3,300 9,867 9,951 9,831 9,975 10,552 12,068 12,444 12,376 Private sector LDOD 49 1,122 164 143 100 241 224 440 320 340 6. CI'RRENCI UOMONtITION OF LO-N-G-TERMl DERT iPERCENT-i Deutsche mark 4.7 1.7 2.8 2.8 2.6 2A4 2.5 1.1 1.0 0.8 French franc 2.0 0.0 1.5 1.9 2.4 2.3 2.6 2.3 2.1 1.8 Japanese yen 0.0 2.7 6.9 7.2 7.9 8.8 9.6 5.0 4.4 3.8 Pound sterling- 0.8 1.1 1.6 1.5 1.3 1.3 1.3 0.7 0.7 0.7 Swiss franc 0.2 0.7 0.5 0.5 0.5 0.4 0.2 0.0 0.0 0.0 U.S.dollars 71.4 64.2 54.5 53.6 53.5 53.4 53.6 70.5 73.9 77.0 Multiple currenCY 19.8 28.1 29.7 30.1 29.7 29.3 28.1 19.6 17.1 15.1 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 1.2 1.4 2.4 2.4 2.2 2.0 2.1 0.7 0.7 0.8 203 ECUADOR (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBl RES'lH1L C L-RlNG,S Total amount rescheduled 0 0 249 0 362 37 533 5,818 29 62 Debt stock rescheduled 0 0 16 0 0 0 0 3,350 0 0 Principal rescheduled 0 0 152 0 210 8 300 0 0 0 Official 0 0 110 0 151 8 276 0 0 0 Private 0 0 42 0 60 0 24 0 0 0 Interest rescheduled 0 0 81 0 143 6 117 1.757 25 62 Official 0 0 61 0 117 6 115 0 0 0 Private 0 0 19 0 26 0 3 1,757 25 62 Debt forgiven I.. 0 2 0 0 0 1 0 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction 0 0 45 20 50 0 10 1,183 1 200 of which debt buyback 0 0 0 0 0 0 0 0 0 85 S. lFfIlB sTOCK-FI 0%%' RH 0(-%CH.IATIO-N Total change in debt stocks ... 792 359 -188 1,871 925 -1,082 502 423 Net flows on debt ... -1 -48 -306 1,479 375 -152 653 735 Net change in interest arrears ... 451 370 153 285 19 -2,337 64 7 Interest capitalized ... 81 0 143 6 117 1,757 25 62 Debt forgiveness or reduction ... -46 -20 -52 0 -10 -1,183 -2 -115 Cross-currency valuation ... 213 42 -112 55 243 26 -182 -188 Residual ... 94 14 -15 45 181 808 -56 -77 9. E P.'L [RA E I E RM ON0F '%E %I CO.NIMITNIEN I-S ALL CREDITORS Interest (%) 6.2 10.7 6.4 6.8 6.9 5.7 6.0 6.4 5.8 8.5 Maturity (years) 20.0 14.9 17.4 18.3 18.6 13.8 20.7 15.8 11.1 12.5 Grace period (years) 3.9 3.8 4.2 4.9 4.9 3.8 5.4 5.5 3.3 5.0 Grant element (91) 24.0 -0.9 24.2 20.6 18.9 22.7 27.2 21.9 19.1i 10.1 Official creditors Interest (% 4.3 8.6 5.2 6.4 6.7 5.3 5.9 5.6 4.6 6.7 Maturity (years) 35.8 22.1 2 2.2 21.3 21.4 19.3 21.9 18.0 26.0 17.6 Grace period (years) 7.9 4.3 6.0 5.9 5.5 5.2 5.8 6.7 7.7 4.8 Grant element (%) 48.8 11.4 35.2 24.6 21.5 30.2 29.0 28.4 41.5 20.5 Private creditors Interest (91) 7.3 12.7 8.6 8.0 7.4 6.0 6.8 8.1 6.3 10.6 Maturity (years) 10.2 7.9 8.7 7.6 9.8 8.4 10.6 11.0 4.9 6.3 Grace period (years) 1.3 3.2 1.0 1.5 3.0 2.4 2.5 2.9 1.4 5.1 Grant element (91) 8.4 -12.7 4.0 6.1 10.6 15.3 13.5 7.9 9.8 -2.6 Memorandum items Commitments 78 1,148 643 602 766 312 924 1,165 1,024 1,278 Official creditors 30 564 415 471 583 153 820 797 301 700 Private creditors 48 584 228 131 183 159 104 369 723 578 10. Lt0NTR.-% ILAl, OBIGAFI ;AlON!. 0N OliTsTANIII NOt L ING. - ERM' DE B r 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 737 510 301 180 92 52 24 5 1 1 Principal 851 759 773 612 951 590 717 616 655 621 Interest 778 767 742 710 655 598 553 508 465 424 Official creditors Disbursements 547 423 278 173 92 52 24 5 1 1 Principal 454 407 420 442 440 459 441 420 370 345 Interest 291 286 276 260 238 212 184 157 132 109 Bilateral creditors Disbursements 147 126 80 48 25 14 5 0 0 0 Principal 206 158 134 120 117 151 151 153 143 124 Interest 98 88 81 76 70 64 55 46 38 30 Multilateral creditors Disbursements 400 296 199 126 67 38 19 5 1 1 Principal 248 250 286 322 323 308 291 267 227 220 Interest 193 198 195 184 168 148 129 ill 94 79 Private creditors Disbursements 191 87 23 6 0 0 0 0 0 0 Principal 397 351 354 170 511 132 276 195 285 276 Interest 487 481 466 450 417 386 368 352 334 315 Commercial banks Disbursements 191 87 23 6 0 0 0 0 0 0 Principal 197 205 209 142 475 96 241 72 42 34 Interest 127 125 114 101 71 42 27 12 7 4 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 200 146 145 28 36 36 35 123 243 243 Interest 360 355 352 349 346 344 341 340 327 310 204 EGYPT, ARAB REPUBLIC OF (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SLNl[4l_RY DEBT 'DXA [ TOTAL DEBT STOCKS (EDT) ,. 19,131 32,947 32,543 31,067 30,509 32,314 33,266 31,299 29,849 Long-term debt (LDOD) 1,351 14,693 28,372 29,317 28,348 28,303 30,189 30,792 28,937 26,858 Public and publicly guaranteed 1,351 14,428 27,372 28,467 27,748 27,803 29,814 30,479 28,810 26,804 Private nonguaranteed 0 265 1,000 850 600 500 375 313 127 54 Use of IMF credit 49 411 125 127 202 202 193 103 16 0 Short-term debt .. 4,027 4,450 3,099 2,516 2,003 1,931 2,371 2,347 2,991 of which interest arrears on LDOD 383 LA38 1 1 1 1 3 2 3 Official creditors .. 383 873 1 1 1 1 2 1 2 Private creditors ..0 565 1 1 1 1 1 1 1 Memo: principal arrears on LDOD .. 74 3,507 5 5 5 5 133 139 149 Official creditors .. 74 1,775 0 0 0 0 128 133 142 Private creditors 0 1,733 5 5 5 5 5 6 7 Memo: export credits ..14,578 11,823 11,478 10,918 10,237 8,933 9,561 7,848 TOTAL DEBT FLOWS Disbursements 188 2,743 1,997 2,020 1,470 1,145 1,046 519 582 766 Long-term debt 170 2,680 1,997 1,938 1,348 1,145 1,046 519 582 766 IMF purchases 18 63 0 82 123 0 0 0 0 0 Principal repayments 234 446 1,743 1,720 1,478 965 945 996 1,105 941 Long-term debt 225 343 1,696 1,639 1,437 965 923 901 1.020 926 IMF repurchases 9 103 47 80 41 0 22 95 85 15 Net flows on debt -46 2,297 -1,248 386 -591 -333 30 -39 -547 468 of which short-term debt ... -1,502 86 -583 -513 -72 438 -24 644 Interest payments (TNT) .. 790 1,328 886 1,223 1,216 1,295 1,384 1,178 986 Long-term debt 37 350 1,012 654 1,040 1,041 1,155 1,243 1,041 724 IMF charges 0 18 15 11 14 12 10 9 3 0 Short-term debt .. 422 301 220 168 [64 130 132 133 262 Net transfers on debt .. 1,508 -2,576 -499 41,813 -1,549 -1,265 -1,422 -1,724 -518 Total debt service paid (TDS) -- 1,235 3,071 2,605 2,701 2,181 2,240 2,379 2,283 1,928 Long-term debt 261 693 2,708 2,293 2,477 2' 005 2,078 2,143 2,061 1,650 IMF repurchases and charges 9 121 62 92 55 12 32 105 88 15 Short-term debt (interest only) .. 422 301 220 168 164 130 132 133 262 2. %(CGRE(-..\ I-E NEr RESOUIRCE 1 LOW%S AND N ETI TR.%\SFERS iLONG 1[RN!i NET RESOURCE FLOWS 99 3,051 5,236 3,879 2,798 1,556 2,581 1,224 2,656 3,521 Net flow of long-term debt (ex. IMF) -54 2,337 301 299 -89 180 123 -382 -438 -161 Foreign direct investment (net) 0 548 734 253 459 493 1,256 598 636 891 Portfolio equity flows 0 0 0 0 0 0 10 2 1,233 1,813 Grants (excluding technical coop.) 153 165 4,201 3,327 2,428 883 1,192 1,006 1,225 978 Memo: technical coop. granits 14 156 813 757 828 981 599 750 645 585 official net resource flows 129 1,917 4,538 3,841 2,877 1,469 1,600 939 1,207 926 private net resource flows -30 1.133 698 38 -80 87 981 286 1,449 2,595 NET TRA.NSFERS 62 2,686 4,211 3,218 1,743 503 1,406 -41 1,565 2,717 Interest on long-term debt 37 350 1,012 654 1,040 1,041 1,155 1,243 1,041 724 Profit remittances on FDI 0 15 14 7 14 13 20 23 50 80 Memo: official net tranisfers 99 1,696 3,807 3.444 2.028 595 583 -172 262 272 private net transfers -37 990 403 -226 -284 -93 823 131 1.303 2,445 3. MAJOER ECONOMIC AGG(RE(GAFES Gross national product (GNP) 7,618 21,453 43,981 32,465 39,843 45,401 50,839 58,701 67,828 76,490 Exports of goods & services (XGS) 991 9,212 11,042 13,539 17,202 16,775 15,882 19,418 19,872 21,479 of which workers remittances 29 2,696 3,748 3,723 5,466 3,835 3,232 3,279 2,798 3,256 Imports of goods & services (MGS) 1.447 9,745 11,760 18,361 16,080 17, 106 16,499 19,069 19,194 19,464 International reserves (RES) 165 2,480 3,620 6,185 1 1,620 13,854 14,413 17,122 18,297 19,371 Current account balance .. 436 2,327 3,369 3.270 2,538 31 -254 -192 -711 4I. DEBT IND1C.\TORh EDT /XGS (% . 207.7 298.4 240.4 180.6 181.9 203.5 171.3 157.5 139.0 EDT! GNP (% . 89.2 74.9 100.2 78.0 67.2 63.6 56.7 46.1 39.0 TDS /XGS (% . 13.4 27.8 19.2 15.7 13.0 14.1 12.3 11.5 9.0 INT /XGS (% . 8.6 12.0 6.5 7.1 7.3 8.2 7.1 5.9 4.6 INT /GNP (% . 3.7 3.0 2.7 3.1 2.7 2.5 2.4 1.7 1.3 RES/EDT(% .. 13.0 11.0 19.0 37.4 45.4 44.6 51.5 58.5 64.9 RES /MGS (months) 1-4 3.1 3.7 4.0 8.7 9.7 10.5 10.8 11.4 11.9 Short-term / EDT (%) .. 21.1 13.5 9.5 8.1 6.6 6.0 7.1 7.5 10.0 Concessionat / EDT ().. 42.4 38.0 51.1 55.2 59.0 60.4 61.0 76.7 75.6 MultilateralI/ EDT (%) .. 13.7 10.4 10.0 10.6 11.8 12.1 11.9 1_2.6 13.0 205 EGYPT, ARAB REPUBLIC OF (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 199-3 1994 1995 1996 1997 5. LONG-TERM DEBTr DEBT OUTSTANDING (LDOD) 1,351 14,693 28,372 29,317 28,348 28,303 30,189 30,792 28,937 26,858 Public and publicly guaranteed 1,351 14,428 27,372 28,467 27,748 27,803 29,814 30,479 28,810 26,804 Official creditors 1,189 12,623 21,188 24,470 24,676 25,445 27,732 28,794 27,507 25,715 Multilateral 22 2,625 3,427 3,246 3,300 3,603 3,912 3,973 3,932 3,892 Concessional 0 1,885 1,297 1,247 1,285 1,373 1,486 1,612 1,798 1,970 Bilateral 1,167 9,997 17,761 21,224 21,377 21,842 23,821 24.821 23,575 21,824 Concessional 864 6,231 11,223 15,374 15,866 16.624 18,045 18,673 22,223 20,603 Private creditors 162 1,805 6,184 3,997 3,071 2,359 2,082 1,685 1,303 1,089 Bonds 0 132 0 0 0 0 0 0 0 0 Commercial banks 36 257 624 852 713 575 553 516 447 532 Other private 126 1,416 5,560 3,145 2,358 1,784 1,529 1,169 856 557 Private nonguaranteed 0 265 1,000 850 600 500 375 313 127 54 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 265 1,000 850 600 500 375 313 127 54 Memo: IBRD 22 421 1,480 1,382 1,381 1,357 1,411 1,320 1,075 869 IDA 0 307 921 915 904 912 961 1,035 1,090 1,206 DISBURSEMENTS 170 2,680 1,997 1,938 1,348 1,145 1,046 519 582 766 Public and publicly guaranteed 170 2,554 1,946 1,899 1,328 1,125 986 519 582 766 Official creditors 137 1,904 1,224 1,272 961 976 784 479 550 578 Multilateral 0 242 274 214 479 537 459 276 341 449 Concessional 0 53 57 48 118 107 126 149 198 245 Bilateral 137 1,662 950 1,058 482 438 325 203 209 129 Concessional 53 1,011 664 915 407 427 311 189 209 128 Private creditors 33 650 722 627 367 149 203 41 32 188 Bonds 0 30 0 0 0 0 0 0 0 0 Commercial banks 0 8 170 251 47 25 77 31 17 187 Other private 33 613 552 376 319 124 126 10 15 1 Private nonguaranteed 0 126 51 39 20 20 60 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 126 51 39 20 20 60 0 0 0 Memo: IBRD 0 169 92 100 237 144 149 42 26 103 IDA 0 41 8 3 8 19 50 83 82 157 PRINCIPAL REPAYMENTS 225 343 1,696 1,639 1,437 965 923 901 1,020 926 Public and publicly guaranteed 225 297 1,564 1,450 1,167 845 738 839 834 853 Official creditors 162 151 887 758 512 390 376 546 568 630 Multilateral 6 18 283 393 331 285 288 311 297 349 Concessional 0 0 55 101 63 24 25 30 34 38 Bilateral 156 134 604 365 181 105 88 235 271 280 Concessional 92 119 216 48 37 32 43 122 189 245 Private creditors 63 145 677 693 655 455 362 293 266 224 Bonds 0 4 1 0 0 0 0 0 0 0 Commercial banks 0 65 34 86 179 167 119 74 85 86 Other private 63 76 643 607 476 288 243 219 181 138 Private nonguaranteed 0 46 132 189 270 120 185 62 186 73 Bonds 0 0 0 0 0 0 0 0 0 0 COMMercial banks 0 46 132 189 270 120 185 62 186 73 Memo: IBRD 6 7 176 213 187 189 191 198 178 225 IDA 0 0 7 1 1 1 1 12 12 1 4 15 1 6 NET FLOWS ON DEBT -54 2,337 301 299 -89 180 123 -382 -438 -161 Public and publicly guaranteed -54 2,257 382 449 161 280 248 -320 -252 -88 Official creditors -24 1,753 337 514 449 586 408 -67 -18 -52 Multilateral -6 224 -10 -t79 148 253 171 -36 44 100 Concessional 0 53 2 -53 55 83 101 118 164 207 Bilateral -19 1,529 346 694 301 333 237 -32 -62 -152 Concessional -39 892 449 867 370 395 268 67 20 -117 Pr-ivate creditors -30 505 45 -65 -289 -306 -160 -252 -234 -36 Bonds 0 26 -1 0 0 0 0 0 0 0 Commercial banks 0 -58 136 165 -132 -142 -42 -43 -68 101 Other private -30 537 -91 -230 -157 -164 -117 -210 -166 -137 Private nonguaranteed 0 80 -81 -150 -250 -100 -125 -62 -186 -73 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 80 -81 -150 -250 -100 -125 -62 -186 -73 Memo: IBRD -6 162 -84 -113 50 -45 -42 -156 -152 -123 IDA 0 41 1 -7 -3 8 38 69 67 141 206 EGYPT, ARAB REPUBLIC OF (US$ million, lunless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 37 350 1,012 654 1,040 1,041 1,155 1,243 1,041 724 Public and publicly guaranteed 37 327 922 585 1,000 999 1,120 1,219 1,029 716 Official creditors 30 221 731 398 850 873 1,017 1,111 945 654 Multilateral 2 40 185 207 178 189 205 214 191 172 Concessional 0 7 14 15 15 17 19 22 25 27 Bilateral 28 181 546 191 671 684 812 897 754 482 Concessional 18 146 198 68 380 404 451 549 523 383 Private creditors 7 106 192 188 150 125 103 107 85 62 Bonds 0 11 0 0 0 0 0 0 0 0 Commercial banks 0 36 45 57 48 32 31 40 32 25 Other private 7 59 146 130 102 93 73 68 53 37 Private nonguaranteed 0 23 89 69 41 42 35 24 12 8 Bonds 0 0 0 0 0 0 0 0 0 0 COMMercial banks 0 23 89 69 41 42 35 24 12 8 Memo: IBRD 2 29 138 144 115 115 114 114 94 72 IDA 0 2 7 8 7 7 7 7 8 8 NET TRANSFERS ON DEBT -91 1,988 -711 -355 -1,130 -861 -1,031 -1,624 -1,479 -885 Public and publicly guaranteed -91 1,931 -541 -136 -839 -719 -871 -1,538 -1,281 -804 Official creditors -54 1,532 -394 117 -400 -288 -608 -1,178 -963 -706 Multilateral -7 184 -195 -386 -30 63 -33 -250 -147 -72 Concessional 0 46 -12 -67 40 66 82 97 139 179 Bilateral -47 1,348 -200 503 -370 -351 -575 -929 -816 -634 Concessional -57 746 251 799 -10 -9 -183 -482 -503 -500 Private creditors -37 399 -147 -253 -439 -431 -263 -360 -319 -98 Bonds 0 15 -1 0 0 0 0 0 0 0 Commercial banks 0 -94 91 108 -180 -174 -73 -82 -100 76 Other private -37 478 -237 -361 -259 -257 -190 -277 -218 -174 Private nonguaranteed 0 57 -170 -219 -291 -142 -160 -86 -198 -81 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 57 -170 -219 -291 -142 -160 -86 -198 -81 Memo: IBRD -7 133 -222 -257 -65 -160 -157 -270 -246 -195 IDA 0 39 -6 -15 -10 1 31 62 60 133 DEBT SERVICE (LTDS) 261 693 2,708 2,293 2,477 2,005 2,078 2,143 2,061 1,650 Public and publicly guaranteed 261 624 2,487 2,035 2,166 1,843 1,858 2,057 1,863 1,570 Official creditors 192 372 1,618 1,155 1,361 1,263 1,392 1,657 1,513 1,284 Multilateral 7 58 468 600 509 474 493 525 488 522 Concessional 0 7 69 115 78 41 45 52 60 65 Bilateral 184 315 1.150 556 852 790 900 1,132 1,025 762 Concessional 110 265 413 116 416 436 494 670 712 628 Private creditors 70 251 869 880 805 580 466 400 351 286 Bonds 0 15 1 0 0 0 0 0 0 0 Commercial banks 0 101 79 143 227 199 150 113 118 III Other private 70 135 789 737 578 381 316 287 233 175 Private nonguaranteed 0 69 221 258 311 162 220 86 198 81 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 69 221 258 311 162 220 86 198 81 Memo: IBRD 7 36 314 356 302 304 306 312 272 297 IDA 0 3 14 18 18 19 19 21 23 24 UNDISBURSED DEBT 315 4,999 4,516 4,892 4,811 4,119 3,551 3,077 2,385 1,771 Official creditors 282 4,162 3,279 4.1-65 4,333 3,746 3,349 2,923 2,279 1,675 Private creditors 33 837 1,237 727 478 373 203 154 106 95 Memorandum items Concessional LDOD 864 8,115 12,520 16.621 17,151 17,996 19,531 20,285 24.021 22,573 Variable rate LDOD 0 663 4,399 2,563 1,971 1,719 1,673 1,564 1,278 1,298 Public sector LDOD 1,351 14,427 27,352 28,455 27,739 27,793 29,806 30,476 28,807 26,802 Private sector LDOD 0 266 1,021 862 609 510 383 316 129 56 6. ( URRENCI CONIPO,;ITIION OF LONG-TERNI DEBT iPERCEN Ii Deutsche mark 10.1 4.8 12.4 10.7 10.5 9.8 10.5 11.2 11.1 10.5 French franc 0.9 5.6 13.8 19.1 19.5 18.5 19.3 20.3 19.8 18.2 Japanese yen 0.0 4.0 8.2 11.0 11.6 13.2 14.0 13.2 12.3 11.6 Pound sterling 2.9 1.2 2.5 2.5 1.9 1.7 1.7 1.5 1.5 1.5 Swiss franc 2.4 1.3 3.0 2.6 2.4 2.4 2.5 2.7 2.4 2.3 U.S.dollars 23.0 73.0 41.9 37.9 38.0 37.9 35.1 34.1 35.7 38.8 Multiple currency 1.6 3.3 8.4 7.7 7.9 8.2 8.0 7.4 6.8 6.4 Special drawing rights 0.0 0.0 0.6 0.2 0.0 0.0 0.0 0.1 0.2 0.3 All other currencies 59.0 6.7 9.1 8.3 8.2 8.2 9.0 9.5 10.2 10.3 207 EGYPT, ARAB REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT 'REsTrRtICi U-RINGS Total amount rescheduled 0 0 0 16,536 650 497 435 313 190 152 Debt stock rescheduled 0 0 0 11,355 0 0 0 0 0 0 Principal rescheduted 0 0 0 3,534 508 395 328 2-65 129 91 Official 0 0 0 1,757 122 99 82 5 1 34 22 Private 0 0 0 1,777 387 296 247 214 95 69 Interest rescheduled 0 0 0 1,605 143 101 80 50 31 18 Official 0 0 0 1,038 33 23 23 10 6 3 Private 0 0 0 567 110 78 56 40 25 14 Debt forgiven .. 10,576 319 70 47 40 35 35 27 Memo: interest forgiven 2,481 118 152 147 84 7 4 2 Debt stock reduction 0 0 0 574 0 0 0 13 9 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8. DEBT , [OCK-f-Lo%V RECONCILI.ATION Total change in debt stocks -12,664 -404 -1,477 -558 1,805 952 -1,967 -1,450 Net flows on debt -1,248 386 -591 -333 30 -39 -547 468 Net change in interest arrears ..-1,933 -1,436 0 0 0 1 -t 1 Interest capitalized 0 1,605 143 101 80 50 31 18 Debt forgiveness or reduction ... -10,576 -893 -70 -47 -40 -48 -44 -27 Cross-currency valuation ... 1,752 36 -915 -262 1,846 1,013 -1,329 -1,773 Residual ... -659 -102 -45 -16 -111 -26 -77 -137 9. A% E RA,ETE ERNIS OF N F'I1C OMMITNIMENTS ALL CREDrrORS Interest I%) 5.2 5.0 5.3 4.3 3.9 2.6 2.3 3.1 1.4 5.3 Maturity (years) 14.2 26.6 25.5 23.4 26.3 26.9 32.4 21.8 32.8 15.6 Grace period (years) 7.8 6.6 7.0 7.0 7.3 6.5 8.1 6.6 9.5 3.8 Grant element (%) 26.5 38.9 36.0 42.3 46.3 55.6 62.5 47.9 72.2 28.6 Official creditors Interest (%) 5.2 3.3 4.7 4.0 3.9 2.2 2.1 3.1 1.4 3.2 Maturity (years) 14.9 36.4 28.2 24.7 27.0 28.6 33.4 21.9 32.8 26.1 Grace period (years) 8.2 8.9 7.6 7.4 7.3 6.9 8.5 6.6 9.5 7.7 Grant element (% 27.5 56.9 41.7 45.5 47.0 59.3 64.7 48.2 72.2 54.2 Private creditors Interest (%) 5.9 7.9 8.4 7.1 4.0 6.2 6.2 6.5 0.0 6.9 Maturity (years) 4.7 9.5 11.5 9.6 20.6 6.8 11.7 4.3 0.0 7.9 Grace period (years) 1.5 2.5 3.4 2.3 6.7 2.5 1.1 2.4 0.0 0.9 Grant clement I%) 10.6 7.7 6.9 10.2 40.4 12.3 16.7 7.7 0.0 9.7 Memorandum items Commitments 306 2,176 1,228 2,519 1,531 788 334 207 172 323 Official creditors 288 1,378 1,027 2,295 1,365 726 318 206 172 137 Private creditors 18 798 201 224 166 62 16 1 0 186 I 0. CON I RACTUAL OBLIGATIONS ON OUTSTANDING LONG- UER-3i DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 622 464 277 163 99 57 31 11 3 2 Principal 993 1,091 1,044 1.046 1,069 1,096 1,240 1,235 1,281 1,301 Interest 714 679 638 608 574 539 504 468 434 401 Official creditors Disbursements 569 446 274 162 99 57 31 11 3 2 Principal 702 810 925 973 1,006 1,036 1,188 1,~204 1,269 1,291 Interest 642 629 609 587 557 527 496 463 430 397 Bilateral creditors Disbursements 191 140 81 47 26 13 6 1 0 0 Principal 403 501 630 674 717 751 915 948 1,029 1,056 Interest 481 474 465 452 436 419 401 381 360 338 Multilateral creditors Disbursements 378 306 193 116 74 44 25 10 3 2 Principal 299 308 295 299 289 285 273 256 239 236 Interest 162 155 144 135 121 108 95 82 70 59 Private creditors Disbursements 53 18 2 0 0 0 0 0 0 0 Principal 291 281 119 73 63 60 52 31 12 9 Interest 72 50 29 22 17 13 8 5 4 3 Commercial banks Disbursements 36 12 2 0 0 0 0 0 0 0 Principal 149 148 66 48 47 46 40 21 3 1 Interest 36 26 18 14 10 7 4 1 0 0 Other private Disbursements 1 7 7 0 0 0 0 0 0 0 0 Principal 141 133 53 25 15 14 12 1 0 8 8 Interest 36 23 1 1 8 6 5 5 4 4 3 208 EL SALVADOR (US$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 TOTAL DEBT STOCKS (EDT) 911 2,148 2,183 2,263 2,033 2,210 2,610 2,914 3,282 Long-term debt (LDOD) 176 659 1,938 2,079 2,160 1,924 2,022 2,084 2,318 2,471 Public and publicly guaranteed 88 499 1,913 2,058 2,148 1,916 2,014 2.080 2,317 2,427 Private nonguaranteed 88 161 26 21 12 8 8 5 2 45 Use ofIMF credit 7 32 0 0 0 0 0 0 0 0 Short-terms debt 220 210 103 103 109 188 525 596 811 of which interest arrears on LDOD 0 7 7 15 7 3 3 3 2 Official creditors 0 7 7 13 7 2 2 2 1 Private creditors ..0 0 0 1 1 1 1 1 0 Memo: principal arrears on LDOD 0 6 11 19 6 4 6 8 14 Official creditors 0 6 10 17 3 0 1 1 13 Private creditors ..0 0 0 3 2 4 5 6 1 Memo: export credits .. 236 248 197 282 337 267 252 335 TOTAL DEBT FLOWS Disbursements 31 149 108 276 247 487 293 195 474 364 Long-term debt 31 110 108 276 247 487 293 195 474 364 IMF purchases 0 40 0 0 0 0 0 0 0 0 Principal repayments 27 35 124 166 150 172 241 160 178 127 Long-term debt 22 35 119 166 150 172 241 160 178 127 IMF repurchases 5 0 5 0 0 0 0 0 0 0 Net flows on debt 4 114 2 3 90 328 136 373 368 452 of which short-term debt ... 18 -107 -7 13 83 337 71 216 Interest payments (INT) 61 84 81 84 122 98 124 138 152 Long-term debt 9 36 75 72 80 117 91 102 105 110 IMF charges 0 0 0 0 0 0 0 0 0 0 Short-term debt .. 25 9 10 4 5 8 22 33 42 Net transfers on debt 53 -83 -78 6 206 37 249 229 300 Total debt service paid (TDS) 96 208 247 234 294 339 284 316 279 Long-term debt 31 71 194 237 230 289 332 262 283 237 IMF rcpurchases and charges 5 0 5 0 0 0 0 0 0 0 Short-term debt (initerest only) .. 25 9 10 4 5 8 22 33 42 2. UGGREG A1TE NET RESOL RC'E F1.0%% S.AN:D NET TRANSFERS il.ONG- TERMD NET RESOURCE FLOWS 14 ill 151 255 335 942 139 174 391 330 Net flow of long-term debt (ex. IMF) 9 74 -11 110 97 315 52 35 297 237 Foreign direct investment (net) 4 6 2 25 15 16 0 38 -5 11 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 1 31 160 120 223 611 87 101 100 82 Memo: technical coop. grants 6 9 127 121 165 173 194 140 126 144 official net resource flows 5 104 143 213 335 929 199 167 374 269 private net resource flows 10 7 8 42 0 13 -60 7 17 61 NET TRANSFERS -2 34 47 147 229 799 24 46 261 193 Interest on tong-term debt 9 36 75 72 s0 117 91 102 105 110 Profit remittances on FDI 7 41 28 36 26 25 24 26 25 27 Memo: official net transfers 2 82 81 157 266 823 117 75 277 168 private net transfers -5 -48 -34 -9 -38 -23 -93 -29 -16 25 3. NI.AJO-.R E( ONOMIC(.AGG.REG %TE'S Gross national product (GNP) 1,123 3,490 4,699 5,209 5,904 6,925 7,994 9,405 10,263 11,176 Exports of goods & services (XGS) .. 1,282 1,360 1,395 1.694 2,188 2,642 3,155 3,332 3,980 of which workers remittances .. 11 358 467 687 790 967 1,061 1,086 1,199 Imports of goods & services (MGS) .. 1.289 1,785 1,765 2,054 2,523 2,981 3,744 3,668 4,048 International reserves (RES) 64 382 596 453 579 720 829 940 1.110 1,444 Current account balance .. 34 -152 -168 -109 -82 -18 -262 -169 96 4. D3ERT IND(. ATORS EDT! XGS (% . 71.1 158.0 156.5 133.6 92.9 83.7 82.7 87.5 82.5 EDT GNP(% . 26.1 45.7 41.9 38.3 29.4 27.6 27.7 28.4 29.4 TDS .'XGS (%) .. 7.5 15.3 17.7 13.8 13.4 12.8 9.0 9.5 7.0 INT /XGS (%) .. 4.7 6.2 5.8 5.0 5.6 3.7 3.9 4.2 3.8 INT' GNP I%) 1. .7 1.8 1.6 1.4 1.8 1.2 1.3 1.3 1.4 RES IEDT (%) .. 41.9 27.7 20.8 25.6 35.4 37.5 36.0 38.1 44.0 RES' MC'S (mnonths;) 3.6 4~0 31-1 3.4 3.4 3.3 31.0 3.6 4.3 Short-term /'EDT (%) .. 24.1 9.8 4.7 4.6 5.4 8.5 20.1 20.5 24.7 Concessional 'EDT (%) .. 23.9 56.3 58.4 58.1 50.4 49.0 42.6 40.2 35.9 Multilateral,' EDT (%) .. 28.3 36.6 38.4 40.8 52.9 57.5 52.8 54.0 51.4 209 EL SALVADOR (US$ million, uniless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5.. 1ON-0l(-ERM% DEBIT DEBT OUTSTANDING (LDOD) 176 659 1,938 2,079 2,160 1,924 2,022 2,084 2,318 2,471 Public and publicly guaranteed 88 499 1,913 2,058 2,148 1,916 2,014 2,080 2,317 2,427 Official creditors 70 460 1,729 1,858 1,955 1L724 1,880 1,971 2,185 2,293 Multilateral 41 258 786 838 923 1,075 1,271 1,377 1,573 1.685 Concessional 10 134 414 437 476 536 605 623 648 656 Bilateral 30 202 943 1,020 1,032 649 608 594 612 608 Concessional 29 84 795 837 838 487 478 490 522 523 Private creditors 17 39 184 200 193 192 135 109 132 134 Bonds 3 0 0 0 0 0 0 0 0 0 Commercial banks 14 8 127 151 135 146 94 74 82 87 Other private 0 31 57 49 58 46 41 35 50 47 Private nonguaranteed 88 161 26 21 12 8 8 5 2 45 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 88 161 26 21 12 8 8 5 2 45 Mtemo: IBRD 25 87 140 189 182 220 290 307 282 275 IDA 8 27 23 23 22 22 21 20 20 19 DISBURSEMENTS 31 110 108 276 247 487 293 195 474 364 Public and publicly guaranteed 8 110 108 276 247 487 289 195 474 320 Official creditors 6 81 78 186 233 455 271 190 381 294 Multilateral 5 36 44 98 151 211 268 166 317 251 Concessional 2 15 33 3 2 53 721 81 32 40 25 Bilateral 2 45 33 87 83 245 3 25 64 44 Concessional 2 20 1 8 43 23 218 2 24 64 42 Private creditors 1 29 30 90 13 31 19 5 94 25 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 3 25 90 0 31 19 5 71 18 Other private 0 26 5 0 13 1 0 0 23 7 Private nonguaranteed 24 0 0 0 0 0 4 0 0 44 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 24 0 0 0 0 0 4 0 0 44 Memo: IBRD 1 10 3 56 1 1 5 1 70 26 21 35 IDA 0 3 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 22 35 119 166 150 172 241 160 178 127 Public and publicly guaranteed 6 17 105 161 140 168 237 157 175 126 Official creditors 3 8 94 93 122 138 159 124 106 108 Multilateral 3 5 57 52 60 63 107 78 76 85 Concessional 0 1 11 10 13 12 13 13 15 15 Bilateral 0 3 37 41 62 75 52 45 30 24 Concessional 0 1 8 12 15 24 19 19 17 17 Private creditors 3 10 11 68 19 30 79 33 69 18 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 2 9 66 1 6 20 71 26 63 14 Other private 0 8 2 3 3 1 1 8 8 6 4 Private nonguaranteed 16 18 14 5 9 4 4 3 3 1 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 16 18 14 5 9 4 4 3 3 1 Memo: IBRD 2 3 15 12 13 17 19 21 22 24 IDA 0 0 1 1 1 1 1 1 1 1 NET FLOWS ON DEBT 9 74 -11 110 97 315 52 35 297 237 Public and publicly guaranteed 2 92 3 115 106 318 52 38 300 194 Official creditors 3 73 -17 93 112 317 112 66 275 186 Multilateral 2 31 -13 46 90 148 161 87 241 166 Concessional 2 14 23 22 40 60 68 18 26 10 Bilateral 2 42 -4 47 21 170 -49 -21 34 20 Concessional 2 18 11 31 8 195 -18 5 47 26 Private creditors -2 19 19 22 -5 1 -60 -28 25 7 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks -2 1 16 24 -16 1 1 -52 -20 9 4 Other private 0 18 3 -3 1 1 -10 -8 -8 1 7 3 Private nonguaranteed 8 -18 -14 -5 -9 -4 0 -3 -3 43 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 8 -18 -14 -5 -9 -4 0 -3 -3 43 Memo: IBRD -1 8 -13 44 -1 34 52 5 -1 12 IDA 0 3 -1 -1 -1 -1 -1 -1 -1 -1 210 EL SALVADOR (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 9 36 75 72 80 117 91 102 105 110 Public and publicly guaranteed 4 25 72 69 79 117 90 102 105 108 Official creditors 2 21 63 56 69 106 82 92 97 101 Multilateral 2 11 50 38 42 45 56 62 74 80 Concessional 0 2 9 8 9 9 9 11 11 11 Bilateral 0 10 1-3 18 27 61 25 30 23 21 Concessional 0 2 9 6 14 46 14 16 15 14 Private creditors 1 3 10 13 10 11 9 9 8 7 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 1 8 11 8 7 6 7 6 5 Other private 0 2 2 2 2 4 3 2 2 2 Private nonguaranteed 6 11 3 2 1 0 0 0 0 3 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 6 11 3 2 1 0 0 0 0 3 Memo: IBRD 1 7 14 1 1 14 15 17 22 21 19 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 0 39 -86 38 17 198 -39 -67 191 126 Public and publicly guaranteed -2 68 -69 45 27 202 -38 -63 195 86 Official creditors 1 52 -79 37 43 211 30 -26 177 86 Multilateral 0 20 -63 8 49 102 104 25 167 87 Concessional 2 12 14 14 31 5 1 58 7 15 -1 Bilateral 1 32 -17 29 -6 109 -74 -51 10 -1 Concessional 2 16 2 25 -7 148 -32 -11 32 12 Private creditors -3 16 10 9 -16 -10 -69 -37 17 1 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks -3 0 8 13 -24 4 -59 -27 2 -1 Other private 0 16 2 -5 8 -14 -10 -10 15 2 Private nonguaranteed 2 -29 -17 -7 -11 -4 0 -4 -3 40 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 -29 -17 -7 -11 -4 0 -4 -3 40 Memo: IBRD -2 0 -27 33 -15 19 35 -17 -22 -7 IDA 0 3 -1 -1 -1 -1 -1 -1 -1 -l DEBT SERVICE (LTDS) 31 71 194 237 230 289 332 262 283 237 Public and publicly guaranteed 9 42 177 230 220 285 327 258 280 234 Official creditors 5 29 157 149 190 244 240 216 203 209 Multilateral 5 16 107 91 102 108 163 141 150 164 Concessional 0 3 19 18 22 21 22 24 25 26 Bilateral 1 13 50 58 89 136 77 76 54 45 Concessional 0 3 17 18 29 70 33 35 32 31 Private creditors 4 13 21 81 29 41 87 42 77 25 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 4 3 17 77 24 27 77 32 69 19 Other private 0 10 4 5 5 1 4 10 10 8 6 Private nonguaranteed 22 29 17 7 it 4 4 4 3 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 22 29 17 7 1 1 4 4 4 3 4 Memo: IBRD 4 10 29 23 27 32 36 43 42 42 IDA 0 0 1 1 1 1 1 1 1 1 UNDISBURSED DEBT 38 424 324 516 701 817 698 1,317 1,208 867 Official creditors 38 390 322 514 666 793 693 1,255 1,187 859 Private creditors 0 34 2 2 35 24 5 62 22 8 Memorandum items Concessional LDOD 39 218 1,209 1,274 1,314 1.024 1,083 1,113 1,170 1.180 Variable rate LDOD 88 181 192 292 289 337 359 405 498 610 Public sector LDOD 88 496 1,905 2,051 2, 141 1,909 2,007 2,073 2,310 2,421 Private sector LDOD 88 163 34 29 1 9 15 15 1 1 8 5 1 6. CURRENCI ('I IMIPONI [IO(-NOF LO%G- [ERM IDF I IPERC E.N Ti Deutsche mark 0.0 0.2 3.7 3.4 3.1 3.5 3.8 4.0 4.6 4.1 French franc 0.0 5.5 3.3 3.1 2.8 2.5 2.5 2.5 2.0 1.6 Japanese yen 0.0 3.6 1.2 1.2 1.0 1.0 0.8 1.7 2.7 3.7 Pound sterling 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 65.2 37.8 56.5 57.0 59.2 52.8 51.3 50.7 55.1 66.2 Multiple currency 31.1 32.6 33.7 33.7 32.6 39.2 40.7 40.2 34.6 23.4 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.3 0.4 0.4 All other currencies 3.6 20.1 1.4 1.5 1.2 1.0 0.7 0.6 0.6 0.7 211 EL SALVADOR (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBTL RESFRU;CTUiRINGS Total amount rescheduled 0 0 86 49 0 156 0 0 0 0 Debt stock re-scheduled 0 0 0 0 0 156 0 0 0 0 Principal Tescheduled 0 0 42 22 0 0 0 0 0 0 Official 0 0 39 18 0 0 0 0 0 0 Private 0 0 3 4 0 0 0 0 0 0 Interest rescheduled 0 0 43 15 0 0 0 0 0 0 Official 0 0 38 13 0 0 0 0 0 0 Private 0 0 5 2 0 0 0 0 0 0 Debt forgiven ...0 0 0 500 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 47 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 S. D)ER I'S FOCK.FLO"~ REC( IWILI AYION Total change in debt stocks ... 66 34 80 -230 177 400 305 367 Net flows on debt ...2 3 90 328 136 373 368 452 Net change in interest arrears ... -17 0 8 -8 -5 0 0 -2 Interest capitalized ... 43 15 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 -547 0 0 0 0 Cross-currency valuation .. 26 -1 -21 -7 29 15 -49 -53 Residuaal ... 12 18 4 4 17 12 -14 -30 9..%%IEPFR%;E 'I ERMS OF %FEW CONINI I FNWENT. ALL CREDITORS Interest (% 4.7 4.2 4.6 6.4 6.1 5.1 3.8 6.6 7.1 7.0 Maturity (years) 23.4 27.6 29.8 17.3 20.4 22.1 24.2 22.5 20.7 16.8 Grace period (years) 6.0 8.4 7.2 4.9 5.3 4.8 7.6 5.2 4.9 3.7 Grant element (%) 37.6 45.8 45.5 22.6 24.4 30.2 45.9 22.2 17.9 16.9 Official creditors Interest (%) 4.4 3.3 3.2 6.2 6.1 5.1 3.8 6.5 7.1 7.0 Maturity (years) 25.0 28.4 35.6 20.4 22.2 22.5 24.2 21.9 22.1 17.6 Grace period (years) 6.5 8.9 8.8 5.1 5.7 4.9 7.6 5.1 5.0 3.9 Grant elemDent (%) 40.7 53.5 56.6 2-5.7 26.3 30.6 45.9 22.6 18.5 17.6 Private creditors Interest (% 7.5 11.7 10.4 7.1 6.8 4.1 0.0 7.1 7.2 7.0 Maturity (years) 7.2 20.7 5.0 4.2 5.4 7.2 0.0 29.9 4.7 6.2 Grace period (years) 0.7 4.3 0.5 4.2 1.9 0.8 0.0 6.9 3.8 1.1 Grant element (%) 6.9 -17.3 -1.4 9.6 8.1 17.6 0.0 16.6 11.0 8.0 Memorandum items Commitments 12 225 131 470 439 643 161 822 701 195 Official creditors 11 200 106 380 393 623 161 760 645 181 Private creditors 1 25 25 90 46 20 0 62 56 14 l~.(.:NTA(~L L OBLIC(ATIONS ON% OUl [STANDING LOING-I ERNI DLBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursemetits 246 199 157 112 70 33 24 14 7 3 Principal 149 155 161 240 197 204 189 179 155 151 Interest 133 136 137 132 124 114 104 94 85 77 Official creditors Disbursements 241 197 156 III 70 33 24 14 7 3 Principal 123 130 145 190 189 198 183 173 149 146 Interest 121 127 128 125 119 [10 10t 91 82 74 Bilateral creditors Disbursements 29 20 13 8 4 3 2 0 0 0 Principal 25 26 32 36 37 42 32 32 29 26 Interest 23 22 22 20 19 17 15 14 12 11 Multilateral creditors Disbursements 212 177 143 103 66 31 22 14 7 3 Principal 98 104 113 155 153 156 150 140 120 120 Interest 98 104 107 105 101 94 86 78 70 63 Private creditors Disbursements 5 2 1 0 0 0 0 0 0 0 Principal 27 25 17 50 7 6 6 6 6 6 Interest 12 10 8 6 4 4 4 3 3 2 COMMTerial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 16 14 7 45 2 1 1 0 0 0 Interest 6 5 4 2 0 0 0 0 0 0 Other private Disbursements 5 2 1 0 0 0 0 0 0 0 Principal I11 11 9 5 5 5 5 6 6 6 Initerest 6 6 5 5 4 4 4 3 3 2 212 EOUATORIAL GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. St'N!NtkRY DEBF DAI.A TOTAIL DEBT STOCKS (EDT) .. 75.6 241.1 253.8 255.3 264.1 287.6 291.8 282.4 283.2 Long-term debt (LDOD) 5.0 52.5 209.2 215.5 214.4 214.8 219.3 229.6 222.2 208.6 Public and publicly guaranteed 5.0 52.5 209.2 215.5 214.4 214.8 219.3 229.6 222.2 208.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 16.1 5.8 13.2 12.6 16.4 19.6 18.9 17.2 13.2 Short-term debt .. 7.0 26.0 25.1 28.3 32.9 48.6 43.3 43.1 61.4 of which interest arrears on LDOD .. 0.0 19.7 24.9 28.0 32.6 37.6 41.3 39.6 37.4 Official creditors .. 0.0 17.3 21.8 24.5 28.4 32.7 35.9 34.5 32.8 Private creditors .. 0.0 2.3 3.1 3.5 4.2 4.9 5.4 5.2 4.6 Memo: principal arrears on LDOD .. 5.6 28.4 44.2 54.6 56.1 71.9 94.5 93.7 91.0 Official creditors .. 5.6 24.4 37.3 45.8 47.7 59.8 77.8 77.7 76.8 Private creditors .. 0.0 4.0 6.9 8.8 8.4 12.1 16.7 16.0 14.3 Memo: export credits -.- 37.0 33.0 79.0 99.0 103.0 59.0 60.0 55.0 TOTAL DEBT FLOWS Disbursements 0.0 37.6 9.9 16.4 14.5 13.4 6.6 2.2 2.0 2.6 Long-term debt 0.0 19.6 9.9 8.8 14.5 9.6 4.0 2.2 2.0 2.6 IMF purchases 0.0 18.0 0.0 7.6 0.0 3.9 2.6 0.0 0.0 0.0 Principal repayments 0.0 1.7 4.2 2.3 2.0 0.5 0.7 1.3 3.3 4.1 Long-term debt 0.0 1.7 0.6 1.7 2.0 0.5 0.1 0.2 2.2 1.1 IMF repurchases 0.0 0.0 3.6 0.6 0.0 0.0 0.5 1.1 1.1 3.0 N'et flows on debt 0.0 35.9 9.8 8.0 12.5 12.9 16.7 -8.1 0.0 18.9 of which short-term debt ... 4.0 -6.1 0.0 0.0 10.8 -9.0 1.4 20.5 interest paymnents lINT) .. 0.8 0.9 1.7 1.1 0.7 1.4 0.8 1.3 1.8 Long-term debt 0.0 0.1 0.5 1.6 1.0 0.6 0.8 0.4 1.0 1.0 IMF charges 0.0 0.2 0.2 0.1 0.1 0.1 0.0 0.1 0.1 0.1 Short-term debt .. 0.6 0.2 0.0 0.0 0.0 0.5 0.3 0.2 0.7 Net transfers on debt .. 35.0 8.8 6.3 11.4 12.2 15.4 -8.9 -1.3 17.2 Total debt ser-vice paid (TDS) .. 2.6 5.1 4.0 3.1 1.2 2.0 2.1 4.7 5.9 Long-term debt 0.0 1.8 1.1 3.3 3.0 1.1 0.9 0.6 3.3 2.1 IMF repurchases and charges 0.0 0.2 3.8 0.6 0.1 0.1 0.6 1.2 1.2 3.1 Short-term debt (interest only) .. 0.6 0.2 0.0 0.0 0.0 0.5 0.3 0.2 0.7 2..1AGRF GIAFL. NET' RES0t RCr FL(Ol% S XND NET T'R \.NSFE RS I.ONG-TE RMI NET RESOURCE FLOWS 0.0 19.2 63.9 58.1 41.5 45.7 31.8 144.0 394.1 33.3 Net flow of tong-term debt (ex. IMF) 0.0 17.8 9.4 7.1 12.5 9.1 3.8 2.0 -0.3 1.4 Foreign direct investment (net) 0.0 0.0 11.0 41.0 6.0 22.0 17.0 127.0 376.0 20.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 0.0 1.4 43.5 10.0 23.0 14.6 11.0 15.0 18.4 11.9 Memo: technical coop. grants 0.0 1.9 14.0 34.0 24.0 21.3 13.6 17.6 11.3 13.6 official net resource flows 0.0 14.8 52.9 17.1 35.5 23.7 14.8 17.0 18.1 13.3 private net resource flows 0.0 4.5 11.0 40.9 6.0 22.0 17.0 127.0 376.0 20.0 NET TRLANSFERS -0.6 19.2 63.4 56.5 40.5 45.0 31.1 143.7 393.1 32.3 Interest on long-term debt 0-0 0.1 0.5 1.6 1.0 0.6 0.8 0.4 1.0 1.0 Profit remittances on FDI 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers 0.0 14.7 52.4 15.5 34.5 23.1 14.0 16.6 17.1 12.3 private net transfers -0.6 4.5 11.0 40.9 6.0 22.0 17.0 1 27.0 376.0 20.0 3. MAJOR ECONO)MIC .AUGREG.A~ rES Gross national product (GNP) 66.9 .. 123.5 121.8 148.2 150.0 115.7 153.1 228.4 489.6 Exports of goods & ser-vices IXGS) ... 42.3 43.2 59.0 70.1 65.4 94.2 180.4 431.0 of which workers remittances ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & ser-vices (MGS) ... 99.2 117.9 96.1 98.9 69.5 221.1 521.8 776.3 International reserves (RES) . .. .. .. Current account balance ... -19.0 -40.7 -10.6 2.8 -0.4 -123.4 -344.0 .3. DEBT' INDICATIDOi EDT! G % .. 569.9 587.4 432.7 376.7 439.7 309.8 156.6 65.7 EDT / GNP(% ... 195.2 208.3 172.3 176.1 248.5 190.6 123.7 57.8 IDS iXGS ()... 12.1 9.2 5.2 1.8 3.1 2.2 2.6 1.4 INT/XGS(% ... 2.2 3.9 1.9 1.1 2.1 0.8 0.7 0.4 INT! GNP ()... 0.8 1.4 0.8 0.5 1.2 0.5 0.6 0.4 RES/EDT()... ....... RES /MGS (months)............ Short-term /EDT (%) .. 9.3 10.8 9.9 11.1 12.4 16.9 14.9 15.3 21.7 Concessional / EDT (%) .. 41.7 48.6 48.7 51.4 52.4 49.1 50.5 51.1 48.8 Multilateral / EDT (%) .. 3.6 27.9 28.1 31.4 33.8 33.7 34.7 35.0 33.1 213 EQUATORIAL GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 5. LONG-I ERNI D)EB'f DEBT OUTSTANDING (LDOD) 5.0 52.5 209.2 215.5 214.4 214.8 219.3 229.6 222.2 208.6 Public and publicly guaranteed 5.0 52.5 209.2 215.5 214.4 214.8 219.3 229.6 222.2 208.6 Official creditors 5.0 45.3 191.5 198.0 198.4 199.9 203.6 212.8 206.2 194.3 Multilateral 0.0 2.7 67.4 71.4 80.2 89.1 96.8 101.4 98.8 93.7 Concessional 0.0 2.0 51.6 55.4 66.9 76.9 84.3 88.2 87.0 83.7 Bilateral 5.0 42.6 124.1 126.7 118.2 110.7 106.8 111.5 107.4 100.5 Concessional 0.0 29.5 65.5 68.2 64.3 61.6 56.9 59.1 57.4 54.5 Private creditors 0.0 7.2 17.8 17.4 16.0 15.0 15.7 16.8 16.0 14.3 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 7.2 17.8 17.4 16.0 15.0 15.7 16.8 16.0 14.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 37.6 40.4 41.2 45.3 49.9 53.1 52.1 49.9 DISBURSEMENTS 0.0 19.6 9.9 8.8 14.5 9.6 4.0 2.2 2.0 2.6 Public and publicly guaranteed 0.0 19.6 9.9 8.8 14.5 9.6 4.0 2.2 2.0 2.6 Official creditors 0.0 14.8 9.9 8.8 14.5 9.6 4.0 2.2 2.0 2.6 Multilateral 0.0 1.7 3.7 5.2 14.3 9.6 4.0 2.2 2.0 2.6 Concessional 0.0 1.0 3.1 3.8 14.3 9.6 4.0 2.2 2.0 2.6 Bilateral 0.0 13.1 6.3 3.6 0.2 0.0 0.0 0.0 0.0 0.0 Concessional 0.0 3.3 6.3 3.6 0.2 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 4.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 4.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.0 2.4 2.5 4.0 2.4 2.2 1.0 1.3 PRINCIPAL REPAYMENTS 0.0 1.7 0.6 1.7 2.0 0.5 0.1 0.2 2.2 1.1 Public and publicly guaranteed 0.0 1.7 0.6 1.7 2.0 0.5 0.1 0.2 2.2 1.1 Official creditors 0.0 1.4 0.6 1.7 1.9 0.5 0.1 0.2 2.2 1.1 Multilateral 0.0 0.0 0.5 1.7 1.9 0.5 0.1 0.2 2.2 1.1 Concessional 0.0 0.0 0.5 0.5 0.3 0.0 0.1 0.2 0.7 0.7 Bilateral 0.0 1.4 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Concessional 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.3 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.3 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.4 NET FLOWS ON DEBT 0.0 17.8 9.4 7.1 12.5 9.1 3.8 2.0 .0.3 1.4 Public and publicly guaranteed 0.0 17.8 9.4 7.1 12.5 9.1 3.8 2.0 .0.3 1.4 Official creditors 0.0 13.4 9.4 7.1 12.5 9.1 3.8 2.0 -0.3 1.4 Multilateral 0.0 1.7 3.2 3.6 12.3 9.1 3.8 2.0 -0.3 1.4 Concessional 0.0 1.0 2.6 3.3 13.9 9.6 3.8 2.0 1.3 1.9 Bilateral 0.0 11.7 6.2 3.6 0.2 0.0 0.0 0.0 0.0 0.0 Concessional 0.0 3.3 6.3 3.6 0.2 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 4.5 0.0 -0. 1 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other- private 0.0 4.5 0.0 -0. 1 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.0 2.4 2.5 4.0 2.4 2.0 0.8 0.8 214 EQUATORIAL GUINEA (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0.0 0.1 0.5 1.6 1.0 0.6 0.8 0.4 1.0 1.0 Public and publicly guaranteed 0.0 0.1 0.5 1.6 1.0 0.6 0.8 0.4 1.0 1.0 Official creditors 0.0 0.1 0.5 1.6 1.0 0.6 0.8 0.4 1.0 1.0 Multilateral 0.0 0.0 0.3 1.3 1.0 0.6 0.8 0.4 1.0 1.0 Concessional 0.0 0.0 0.3 0.6 0.4 0.3 0.5 0.4 0.8 0.7 Bilateral 0.0 0.1 0.1 0.2 0.1 0.0 0.0 0.0 0.0 0.0 Concessional 0.0 0.1 0.1 0.2 0.1 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 CommeTelal banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.2 0.3 0.3 0.3 0.4 0.4 0.3 0.5 NET TRANSFERS ON DEBT 0.0 17.8 8.9 5.5 11.5 8.4 3.1 1.7 -1.3 0.4 Public and publicly guaranteed 0.0 17.8 8.9 5.5 11.5 8.4 3.1 1.7 -1.3 0.4 Official creditors 0.0 13.3 8.9 5.6 11.5 8.4 3.1 1.7 -1.3 0.4 Multilateral 0.0 1.7 2.9 2.2 11.3 8.4 3.1 1.7 -1.3 0.4 Concessional 0.0 1.0 2.3 2.7 13.5 9.3 3.4 1.7 0.5 1.2 Bilateral 0.0 11.6 6.0 3.3 0.1 0.0 0.0 0.0 0.0 0.0 Concessional 0.0 3.2 6.1 3.3 0.1 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 4.4 0.0 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0. 0.0 0.0 0.0 0. 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 4.4 0.0 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.8 2.1 2.2 3.7 2.0 1.7 0.4 0.4 DEBT SERVICE (LTDS) 0.0 1.8 1.1 3.3 3.0 1.1 0.9 0.6 3.3 2.1 Public and publicly guaranteed 0.0 1.8 1.1 3.3 3.0 1.1 0.9 0.6 3.3 2.1 Official creditors 0.0 1.5 1.1 3.3 3.0 1.1 0.9 0.6 3.3 2.1 Multilateral 0.0 0.0 0.8 3.0 2.9 1.1 0.9 0.6 3.3 2.1 Concessions) 0.0 0.0 0.8 1.1 0.7 0.3 0.6 0.6 1.4 1.4 Bilateral 0.0 1.5 0.3 0.2 0.1 0.0 0.0 0.0 0.0 0.0 Concessional 0.0 0.1 0.1 0.2 0.1 0.0 0.0 0.0 0.0 0.0 Private creditors 0.0 0 4 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.4 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.2 0.3 0.3 0.3 0.5 0.6 0.6 0.9 UNDISBURSED DEBT 0.0 70.6 64.9 71.3 66.8 56.8 44.4 43.0 36.6 28.3 Official creditors 0.0 67.6 64.9 71.3 66.8 56.8 44.4 43.0 36.6 28.3 Private creditors 0.0 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items ConcessioDal LDOD 0.0 31.5 117.1 123.6 131.2 138.5 141.2 147.3 144.4 138.1 Variable rate LDOD 0.0 0.0 5.1 5.1 5.0 4.9 4.2 4.2 4.2 4.1 Public sector LDOD 5.0 46.9 209.2 215.5 214.4 214.8 219.3 229.6 222.2 208.6 Private sector LDOD 0.0 5.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. (UL RRENU\C~ OMPOSITlO.N OF l.ON(,-TER:%l DEBT iPERCEN1 I Deutsche mark 0.0 0.0 5.9 5.7 5.4 5.0 5.5 5.7 5.4 5.0 French franc 0.0 0.0 7.0 7.8 7.5 7.0 7.6 7.9 7.6 7.1 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 0.0 16.4 37.9 37.7 38.1 39.8 41.1 40.7 41.6 43.3 Multiple cuirrency 0.0 0.0 5.6 5.9 11.0 13.8 1 5.0 14.6 15.0 15.3 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 100.0 83.5 43.6 42.9 38.1 34.4 30.8 31.1 30.4 29.3 215 EQUATORIAL GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBIITRLS'lR[(i'1TIFRIN(,S Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 18.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DLBTr NroCK-FL( W RECO 1LI1 AT ION Total change in debt stocks . . 12.0 12.7 1.5 8.8 23.5 4.3 -9.4 0.7 Net flows on debt . . 9.8 8.0 12.5 12.9 16.7 -8.1 0.0 18.9 Net change in interest arrears ... 7.0 5.2 3.2 4.6 5.0 3.7 -1.7 -2.2 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... -18.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 11.8 -0.9 -8.8 -7.7 4.8 6.7 -5.0 -8.5 Residual ... 2.0 0.4 -5.3 - 1.0 -3.0 1.9 -2.7 -7.5 9. AN E R GE TE RI(MS OF N EW CO N17 I IMNIME NTIS ALL CREDITORS Interest (%) 0.0 6.5 0.9 0.1 0.8 0.7 0.7 0.0 0.0 0.0 Maturity (years) 0.0 14.2 38.2 19.9 40.0 39.0 20.2 0.0 0.0 0.0 Grace period (years) 0.0 3.4 10.1 10.2 10.2 19.5 10.2 0.0 0.0 0.0 Grant element (%) 0.0 21.0 77.S 74.2 80.6 85.7 69.6 0.0 0.0 0.0 Official creditors Interest (%) 0.0 6.5 0.9 0.1 0.8 0.7 0.7 0.0 0.0 0.0 Maturity (years) 0.0 14.2 38.2 19.9 40.0 39.0 20.2 0.0 0.0 0.0 Grace period (years) 0.0 3.4 10.1 10.2 10.2 19.5 10.2 0.0 0.0 0.0 Grant element (%) 0.0 21.0 77.5 74.2 80.6 85.7 69.6 0.0 0.0 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 0.0 27.2 18.1 16.5 19.6 9.0 6.6 0.0 0.0 0.0 Official creditors 0.0 27.2 18.1 16.5 19.6 9.0 6.6 0.0 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Ml. C ONIfR XiTL Al. OBI.IGAV1l1ION%S ON OU'TIxNI XD\G LONG- FFRM DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTA-L Disbursements 7.9 6.8 4.8 3.5 2.6 1.1 0.5 0.5 0.4 0.2 Principal 5.8 5.8 5.0 5.3 6.0 5.2 5.1 4.7 4.7 5.0 Interest 1.7 1.6 1.4 1.3 1.1 1.0 0.9 0.9 0.8 0.8 Official creditors Disbursements 7.9 6.8 4.8 3.5 2.6 1.1 0.5 0.5 0.4 0.2 Principal 5.8 5.8 5.0 5.3 6.0 5.2 5.1 4.7 4.7 5.0 Interest 1.7 1.6 1.4 1.3 1.1 1.0 0.9 0.9 0.8 0.8 Bilateral creditors Disbursements 1.4 2.1 1.6 1.3 1.0 0.7 0.5 0.5 0.4 0.2 Principal 3.9 4.0 3.2 3.4 3.7 2.7 2.4 1.7 1.7 1.7 Interest 0.8 0.7 0.5 0.4 0.3 0.2 0.2 0.1 0.1 0.1 Multilateral creditors Disbursements 6.4 4.7 3.1 2.3 1.6 0.4 0.1 0.0 0.0 0.0 Principal 1.9 1.9 1.8 1.9 2.3 2.5 2.7 3.0 3.0 3.3 Interest 0.9 0.9 0.9 0.9 0.8 0.8 0.8 0.7 0.7 0.7 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 216 ERITREA (USS millioni, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 TOTAL DEBT STOCKS (EDT) ......... 29.1 36.7 44.3 75.5 Long-term debt (LDOD) ......... 29.1 36.7 44.3 75.5 Public and publicly guaranteed ......... 29.1 36.7 44.3 75.5 Private nonguaranteed ......... 0.0 0.0 0.0 0.0 Use of IMF credit ......... 0.0 0.0 0.0 0.0 Short-term debt ......... 0.0 0.0 0.0 0.0 of which interest arrears on LDOD ......... 0.0 0.0 0.0 0.0 Official creditors ......... 0.0 0.0 0.0 0.0 Private creditors . ...... 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ......... 0.0 0.0 0.0 0.0 Official creditors . ...... 0.0 0.0 0.0 0.0 Private creditors . ...... 0.0 0.0 0.0 0.0 Memo: export credits ......... 1.0 2.0 1.0 0.0 TOTAL DEBT FLOWS Disbursements . ....... 26.6 7.2 6.9 33.3 Long-term debt ......... 26.6 7.2 6.9 33.3 IMF purchases ......... 0.0 0.0 0.0 0.0 Principal repayments . ....... 0.0 0.0 0.0 0.0 Long-term debt ......... 0.0 0.0 0.0 0.0 IMF repurchases ......... 0.0 0.0 0.0 0.0 Net flows on debt . .. .. 26.6 7.2 6.9 33.3 of which short-term debt ......... 0.0 0.0 0.0 0.0 Interest payments (INT) . ....... 0.0 0.2 0.0 0.5 Long-term debt ... .. . 0.0 0.2 0.0 0.5 IMF charges ... .. . 0.0 0.0 0.0 0.0 Short-term debt ......... 0.0 0.0 0.0 0.0 Net transfers on debt . ..... 26.6 7.1 6.9 32.8 Total debt service paid (TDS) . ...... 0.0 0.2 0.0 0.5 Long-term debt ......... 0.0 0.2 0.0 0.5 IMF repurchases and charges .... .... 0.0 0.0 0.0 0.0 Short-term debt (interest onlv) ......... 0.0 0.0 0.0 0.0 2. XGRE EN-ET RESOL RCF FLOWIS ILND NET .Rx\NSFERS tLONG-ITRMIi NET RESOURCE FLOWS . ....... 140.3 110.3 96.2 90.5 Net flow of long-term debt (ex. IMF) . ...... 26.6 7.2 6.9 33.3 Foreign direct investment (net) . ...... 0.0 0.0 0.0 0.0 Portfolio equity flows ......... 0.0 0.0 0.0 0.0 Giants (excluding technical coop.) ......... 113.7 103.1 89.3 57)2 Memo: technical coop. grants . ...... 32.8 43.8 63.3 43.7 official net resource flows ......... 140.3 110.3 96.2 90.5 private net resource flows ......... 0.0 0.0 0.0 0.0 NET TR-ANSFERS . ....... 140.3 110.2 96.2 90.0 Interest on long-term debt . ...... 0.0 0.2 0.0 0.5 Profit remittances on FDI . ...... 0.0 0.0 0.0 0.0 Memo: official net transfers . ...... 140.3 110.1 96.2 90.0 private net transfers ......... 0.0 0.0 0.0 0.0 3. N.L%IAJOR EC(_'ONOI]C.AGGREGA-TES Gross national product (GNP) ... .. . 664.7 688.8 760.7 829.9 Exports of goods & services (XGS) . ...... 310.7 297.8 344.5 394.6 of which workers remittances ......... 166.4 119.0 136.1 183.1 Imports of goods & services (MGS) . ...... 402.7 448.0 .. 596.4 International reserves (RES) ......... 201.6 Current account balance ......... 97.4 19.0 4. DEBT INDICAlIORS EDT, XGS ()......... 9.4 12.3 12.9 19.1 EDT. GNP(% ......... 4.4 5.3 5.8 9.1 TDS ,'XGS ()....... .0.0 0.1 0.0 0.1 tNT,' XGS ()......... 0.0 0.1 0.0 0.1 INT!GNP(% ......... 0.0 0.0 0.0 0.1 RES /EDT ()......... 693.8 . RESt MGS (months) ......... 6.0 . Short-term /'EDT (%) ......... 0.0 0.0 0.0 0.0 Concessional / EDT ()......... 100.0 100.0 95.6 96.1 Multilateral / EDT (%) ......... 63.9 66.3 66.6 55.5 217 ERITREA (US$ million, unless other'wise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 DEBT OUTSTANDING (LDOD) ......... 29.1 36.7 44.3 75.5 Public and publicly guaranteed ... .. . 29.1 36.7 44.3 75.5 Official creditors ... .. . 29.1 36.7 44.3 75.5 Multilateral ......... 18.6 24.3 29.5 41.8 Concessional ....... . 18.6 24.3 27.5 38.9 Bilateral ..... ... 10.5 12.4 14.8 33.6 Concessional ..... ... 10.5 1 2.4 14.8 33.6 Private creditors ..... ...0.0 0.0 0.0 0.0 Bonds ... .. .. .0 0.0 0.0 0.0 Commercial baniks . ...... 0.0 0.0 0.0 0.0 Other private ......... 0.0 0.0 0.0 0.0 Private nonguaranteed ....... . 0.0 0.0 0.0 0.0 Bonds ......... 0.0 0.0 0.0 0.0 Commercial banks ......... 0.0 0.0 0.0 0.0 Memo: IBRD .. .. .. 0.0 0.0 0.0 0.0 IDA ... .. . 18.6 24.3 26.5 28.8 DISBURSEMENTS ......... 26.6 7.2 6.9 33.3 Public and publicly guaranteed . ....... 26.6 7.2 6.9 33.3 Official creditors ......... 26.6 7.2 6.9 33.3 Multilateral .... ,... 16.0 5.4 4.5 14.2 Concessiontal ......... 16.0 5.4 2.5 12.9 Bilateral . ....... 10.6 1.8 2.4 19.1 Concessional .... .... 10.6 1.8 2.4 19.1 Private creditors ......... 0.0 0.0 0.0 0.0 Bonds ......... 0.0 0.0 0.0 0.0 Commercial banks ..... ... 0.0 0.0 0.0 0.0 Other private ... .. . 0.0 0.0 0.0 0.0 Private nonguaranteed . ....... 0.0 0.0 0.0 0.0 Bonds ......... 0.0 0.0 0.0 0.0 COMMeCTial banks ......... 0.0 0.0 0.0 0.0 Memo: IBRD ......... 0.0 0.0 0.0 0.0 IDA . ....... 16.0 5.4 1.5 3.8 PRINCIPAL REPAYMENTS . ....... 0.0 0.0 0.0 0.0 Public and publicly guaranteed . ....... 0.0 0.0 0.0 0.0 Official creditors ......... 0.0 0.0 0.0 0.0 Multilateral . ....... 0.0 0.0 0.0 0.0 Concessional ......... 0.0 0.0 0.0 0.0 Bilateral ......... 0.0 0.0 0.0 0.0 Concessional ......... 0.0 0.0 0.0 0.0 Private creditors ......... 0.0 0.0 0.0 0.0 Bonds ......... 0.0 0.0 0.0 0.0 Commercial banks . ...... 0.0 0.0 0.0 0.0 Other private ......... 0.0 0.0 0.0 0.0 Private nonguaranteed . ....... 0.0 0.0 0.0 0.0 Bonds . ....... 0.0 0.0 0.0 0.0 Commercial banks ......... 0.0 0.0 0.0 0.0 Memo: IBRD .. .. .. 0.0 0.0 0.0 0.0 IDA . ....... 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT . ...... 26.6 7.2 6.9 33.3 Public and publicly guaranteed . ....... 26.6 7.2 6.9 33.3 Official ereditors ... .. . 26.6 7.2 6.9 33.3 Multilateral .. .. .. 16.0 5.4 4.5 14.2 Concessiontal ......... 16.0 5.4 2.5 12.9 Bilateral ......... 10.6 1.8 2.4 19.1 Concessional ......... 10.6 1.8 2.4 19.1 Private cteditors ... . .. . . 0.0 0.0 0.0 Bonds ......... 0.0 0.0 0.0 0.0 Commercial banks . ...... 0.0 0.0 0.0 0.0 Other private ......... 0.0 0.0 0.0 0.0 Private nonguaranteed . ....... 0.0 0.0 0.0 0.0 Bonds . ....... 0.0 0.0 0.0 0.0 Commercial banks ......... 0.0 0.0 0.0 0.0 Memo: IBRD ......... 0.0 0.0 0.0 0.0 IDA . .. .. 16.0 5.4 1.5 3.8 218 ERITREA (US$ miillioni, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) .... .... 0.0 0.2 0.0 0.5 Public and publicly guaranteed ....... . 0.0 0.2 0.0 0.5 Official creditors . ....-.. 0.0 0.2 0.0 0.5 Multilateral ........ 0.0 0.2 0.0 0.3 Concessional ......... 0.0 0.2 0.0 0.2 Bilateral ......... 0.0 0.0 0.0 0.2 Concessional ......... 0.0 0.0 0.0 0.2 Private creditors ....... .0.0 0.0 0.0 0.0 Bonds ......... 0.0 0.0 0.0 0.0 Commercial banks ........ 0.0 0.0 0.0 0.0 Other private . ....... 0.0 0.0 0.0 0.0 Private nonguaranteed . ....... 0.0 0.0 0.0 0.0 Bonds . ...... 0.0 0.0 0.0 0.0 Commercial banks ......... 0.0 0.0 0.0 0.0 Memo: IBRD ......... 0.0 0.0 0.0 0.0 IDA ......... 0.0 0.2 0.0 0.2 NET TRANSFERS ON DEBT . .. ... 26.6 7.1 6.9 32.8 Public and publicly guaranteed . .. .. 26.6 7.1 6.9 32.8 Official creditors ......... 26.6 7.1 6.9 32.8 Multilateral ......... 16.0 5.2 4.5 13.9 Concessional ......... 16.0 5.2 2.5 12.7 Bilateral ......... 10.6 1.8 2.4 18.9 Concessional ... .. .. O.6 1.8 2.4 18.9 Private creditors ......... 0.0 0.0 0.0 0.0 Bonds ......... 0.0 0.0 0.0 0.0 Commercial banks . ...... 0.0 0.0 0.0 0.0 Other private ......... 0.0 0.0 0.0 0.0 Private nonguaranteed . ....... 0.0 0.0 0.0 0.0 Bonds ......... 0.0 0.0 0.0 0.0 Commercial banks ....... 0.0 0.0 0.0 0.0 Memo: IBRD .. .. .. 0.0 0.0 0.0 0.0 IDA ......... 16.0 5.2 1.5 3.6 DEBT SERVICE (LTDS) . ....... 0.0 0.2 0.0 0.5 Public and publicly guaranteed .. ...... 0.0 0.2 0.0 0.5 Official creditors . ...... 0.0 0.2 0.0 0.5 Multilateral ......... 0.0 0.2 0.0 0.3 Concessional ......... 0.0 0.2 0.0 0.2 Bilateral .... .... 0.0 0.0 0.0 0.2 Concessional . ....... 0.0 0.0 0.0 0.2 PriVate creditors ......... 0.0 0.0 0.0 0.0 Bonds ......... 0.0 0.0 0.0 0.0 Commercial banks . ...... 0.0 0.0 0.0 0.0 Other private ......... 0.0 0.0 0.0 0.0 Private nonguaranteed . ...... 0.0 0.0 0.0 0.0 Bonds ......... 0.0 0.0 0.0 0.0 COMMercial banks . ...... 0.0 0.0 0.0 0.0 Memo: IBRD ......... 0.0 0.0 0.0 0.0 IDA . ....... 0.0 0.2 0.0 0.2 UNDISBURSED DEBT . ....... 29.6 133.7 154.0 277.6 Official creditors ......... 29.6 133.7 154.0 277.6 Private creditors ......... 0.0 0.0 0.0 0.0 Memorandumn items Concessional LDOD . ...... 29.1 36.7 42.3 72.5 Variable rate LDOD ......... 0.0 0.0 0.0 0.0 Public sector LDOD . ...... 29.1 36.7 44.3 75.5 Private sector LDOD ......... 0.0 0.0 0.0 0.0 6. ( I,RRENCN LOMIPO.iT1N1110% OLONE..JERM DE13TWEIRUTNT) Deutsche mark ......... 0.0 0.0 0.0 0.0 French franic . ....... 0.0 0.0 0.0 0.0 Japanese yen ....... . 0.0 0.0 0.0 0.0 Pound sterlinig ......... 0.0 0.0 0.0 0.0 Swviss franc ......... 0.0 0.0 0.0 0.0 U.S.dollars ......... 64.0 66.2 59.8 48.9 Multiple currency .... . .. 0.0 0.0 0.0 0.0 Special drawing rights .... .... 0.0 0.0 1.6 1.6 All other currencies ....... 36.0 33.8 38.4 49.4 219 ERITREA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBlI Rris `114 RIC iL'RI.NG Total amount rescheduled ......... 0.0 0.0 0.0 0.0 Debt stock rescheduled .. ...... 0.0 0.0 0.0 0.0 Principal rescheduled ......... 0.0 0.0 0.0 0.0 Official ......... 0.0 0.0 0.0 0.0 Private ......... 0.0 0.0 0.0 0.0 Interest rescheduled . ...... 0.0 0.0 0.0 0.0 Official ... .. . 0.0 0.0 0.0 0.0 Private ......... 0.0 0.0 0.0 0.0 Debt forgiven ......... 0.0 0.0 0.0 0.0 Memo: interest forgiven ......... 0.0 0.0 0.0 0.0 Debt stock reduction . ...... 0.0 0.0 0.0 0.0 of which debt buyback ......... 0.0 0.0 0.0 0.0 S. DEBir NIO~CK.- L0l REt ON( iLlION Total change in debt stocks ... .. .. .7.6 7.6 31.2 Net flows on debt ... .. .. .7.2 6.9 33.3 Net change in interest arrears ... .. .. .0.0 0.0 0.0 Interest capitalized ... .. .. .0.0 0.0 0.0 Debt forgiveness or reduction ... .. .. .0.0 0.0 0.0 Cross-currency valuation ... .. .. .0.0 -0.2 -0.8 Residual ... .. .. .0.4 0.9 -1.4 9-4VRA(,f IERMS OF NE%% CONIM111IJ IE'%S ALL CREDITORS Interest (%) ......... 1.2 2.0 1.0 1.1 Maturity (years) ......... 26.6 23.9 38.7 36.2 Grace period (years) ......... 6.1 5.6 9.5 10.7 Grant element (%) ......... 65.9 56.6 76.3 74.6 Official creditors Interest (%) ......... 1.2 2.0 1.0 1.1 Maturity (years) ....... . 26.6 23.9 38.7 36.2 Grace period (years) ......... 6.1 5.6 9.5 10.7 Granit element (%) . ...... 65.9 56.6 76.3 74.6 Private creditors Interest (%) ......... 0.0 0.0 0.0 0.0 Maturity (years) ...... 0.0 0.0 0.0 0.0 Grace period (years) . .... 0.0 0.0 0.0 0.0 Grant element (%) ......... 0.0 0.0 0.0 0.0 Memorandum items Commitments ......... 29.8 110.5 30.5 162.0 Official creditors ......... 29.8 110.5 30.5 162.0 Private creditors ....... .0.0 0.0 0.0 0.0 W'. CONT RACTIL' U~. 01B1-11.A rIONs ON fLi D TAI)NG I.N()N-TERNI DEB I 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAIL Disbursements 61.4 68.9 53.0 38.5 26.6 16.6 10.8 1.5 0.3 0.0 Principal 0.0 0.7 5.5 7.4 9.3 10.3 10.8 11.3 11.6 12.3 Interest 1.0 1.6 3.1 3.9 4.1 4.0 3.9 3.8 3.6 3.4 Ofricial creditors Disbuirsements 61.4 68.9 53.0 38.5 26.6 16.6 10.8 1.5 0.3 0.0 Principal 0.0 0.7 5.5 7.4 9.3 10.3 10.8 11.3 11.6 12.3 Interest 1.0 1.6 3.1 3.9 4.1 4.0 3.9 3.8 3.6 3.4 Bilateral creditors Disbursements 34.3 25.7 17.0 10.3 5.5 3.3 2.1 0.1 0.1 0.0 Principal 0.0 0.7 2.8 4.0 5.1 5.2 5.4 5.4 5.6 5.8 Interest 0.4 0.6 1.3 1.7 1.7 1.7 1.6 1.5 1.4 1.3 Multilateral creditors Disbursements 27.1 43.2 36.0 28.3 21.0 13.3 8.7 1.4 0.2 0.0 Principal 0.0 0.0 2.7 3.4 4.2 5.1 5.4 5.9 6.0 6.5 Interest 0.6 1.0 1.8 2.2 2.3 2.3 2.3 2.3 2.2 2.0 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial baniks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 220 ESTONIA (US$ million, ufnless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. S0.'N1NhR1 DEBI'DAI A TOTAL DEBT STOCKS (EDT) . . . .. 58.4 153.9 186.0 286.4 405.3 658.4 Long-terim debt (LDOD) ...... 47.8 96. 117.0 164.9 220.3 296.5 Public and publicly guaranteed ...... 33.8 84.9 108.6 159.3 216.5 213.5 Private nonguaranteed ...... 14.0 11.2 8.4 5.6 3.8 82.9 Use of IMF credit ..., 10.7 57.5 61.1 91.9 77.9 54.0 Short-term debt ...... 0.0 0.3 8.0 29.7 107.0 308.0 of which interest arrears on LDOD ...... 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ...... 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors...... 0.0 0.0 0.0 0.0 0.0 0.0 Memno: export credits ...... 0.0 23.0 47.0 73.0 83.0 80.0 TOTAL DEBT FLOWS Disbursements - .... 46.9 110.2 31.1 81.1 100.4 98.9 Long-term debt . .... 35.9 62.5 31.1 49.4 100.4 98.9 IMF purchases ...... 10.9 47.6 0.0 31.7 0.0 0.0 Principal repayments - .... 2.5 12.7 15.6 6.8 24.2 26.9 Long-term debt . .... 2.5 12.7 15.6 S.3 13.1 7.4 IMF repurchases ...... 0.0 0.0 0.0 1.5 11.1 19.5 Net flows on debt ...- . 44.3 97.8 23.2 96.0 153.5 273.1 of which short-term debt ...... 0.0 0.3 7.7 21.7 77.4 201.0 Interest payments (INT) . -... 1.3 5.7 10.8 14.5 18.7 27.1 Long-term debt . .... 1.2 4.6 7.2 8.6 10.0 12.5 IMF charges ...... 0.1 1.1 3.1 4.7 3.9 3.1 Short-term debt ...... 0.0 0.0 0.5 1.1 4.8 11.4 Net transfers on debt .... . 43.1 92.0 12.4 81.6 134.8 246.0 Total debt service paid (TDS) . .... 3.8 18.4 26.4 21.3 43.0 53.9 Long-terM debt ...... 3.7 17.3 22.8 13.9 23.2 19.9 IMF repurchases and charges ...... 0.1 1.1 3.1 6.2 15.0 22.6 Short-term debt (interest only) ...... 0.0 0.0 0.5 1.1 4.8 11.4 2. AGGcREG AlIE NET RLSO[7R(E F`LmA S AND NET' TR.1NSFERS tL[ON(;-_rER'Ii NET RESOURCE FLOWS . . . -. 186.4 237.1 257.6 272.2 278.2 404.2 Net flow of long-term debt (ex. IMF) ...... 33.4 49.8 15.5 44.0 87.3 91.5 Foreign direct investment (net) . .... 82.0 162.2 214.4 201.5 150.2 266.2 Portfolio equity flows . .... 0.0 0.0 9.8 7.0 5.0 1.3 Grants (excluding technical coop.) ...... 71.0 25.1 17.9 19.7 3.5.7 45.2 Memo: technical coop. grants . .... 23.0 17.3 22.6 37.0 27.4 20.7 official net resource flows ...... 82.0 74.8 46.1 64.9 87.5 57.7 private net resource flows ...... 104.4 162.4 211.5 207.3 190.7 346.5 NET TRANSFERS - . . .. 185.3 232.5 250.4 263.6 263.1 383.7 Interest on long-term debt ...... 1.2 4.6 7.2 8.6 10.0 12.5 Profit remittances on FDI .. .. 0.0 0.0 0.0 0.0 5.0 8.0 Memio: official net transfers ...... 82.0 72.9 42.1 58.1 78.9 48.7 private net transfers . .... 103.3 159.7 208.2 205.5 184.3 334.9 3. MAJOR ECONONIJC AGG,REG.ATIES Gross national product (GNP) . .... 4,171.7 3,970.3 3,976.5 4,792.6 4,360.0 4,674.6 Exports of goods & services (XGS) ...... 664.3 1,173.2 1,777.7 2f636.7 3,032.9 3,724.5 of which workers remittances ...... 0.0 0.0 0.1 0.0 0.0 0.1 Imports of goods & services (MGS) ...... 725.1 1,256.8 2,058.5 2,920.9 3,531.7 4,403.0 International reserves (RES) . .... 197.5 389.2 446.4 583.0 639.8 760.0 Current account balance ...... 36.2 21.6 -166.3 -157.8 -398.3 -561.9 4. DEBT INDICATORS EDT,' XGS (%) .... . 8.8 13.1 10.5 10.9 13.4 17.7 EDT /GNP (%) ...... 1.4 3.9 4.7 6.0 9.3 14.1 TDS,'XGS (%) ...... 0.6 1.6 1.5 0.8 1.4 1.4 INT/XGS (%) ...... 0.2 0.5 0.6 0.5 0.6 0.7 INT /GNP (%) ...... 0.0 0.1 0.3 0.3 0.4 0.6 RES i EDT (%) ...... 338.1 252.9 239.9 203.5 157.9 115.4 RES / MGS (months) .... . 3.3 3.7 2.6 2.4 2.2 2.1 Short-term / EDT (%) .... . 0.0 0.2 4.3 10.4 26.4 46.8 Concessional / EDT (%) ...... 17.1 9.1 12.8 9.9 7.8 4.8 Multilateral / EDT (%) ...... 1.8 29.4 35.2 37.7 31.3 19.4 221 ESTONIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-r-ERM'% DEBT DEBT OUTSTANDING (LDOD) . .. . .. 47.8 96.1 117.0 164.9 220.3 296.5 Public and publicly guaranteed ...... 33.8 84.9 108.6 159.3 216.5 213.5 Official creditors ...... 11.0 59.3 92.0 140.6 162.2 165.1 Multilateral ...... 1.1 45.3 65.5 108.0 126.8 128.1 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 10.0 14.0 26.4 32.5 35.5 37.1 Concessional ...... 10.0 14.0 23.8 28.4 31.6 31.6 Private creditors ...... 22.7 25.5 16.6 18.7 54.3 48.4 Bonds ...... 0.0 0.0 0.0 0.0 38.6 33.5 Commercial banks ...... 0.0 0.0 0.0 2.1 0.0 0.0 Other private ...... 22.7 25.5 16.6 16.6 15.7 15.0 Private nonguaranteed . .... 14.0 11.2 8.4 5.6 3.8 82.9 Bonds ...... 0.0 0.0 0.0 0.0 0.0 80.9 Commercial banks . .... 14.0 11.2 8.4 5.6 3.8 2.0 Memo: IBRD ...... 1.1 19.8 31.0 49.8 62.2 71.5 IDA . .... 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS . . .. 35.9 62.5 31.1 49.4 100.4 98.9 Public and publicly guaranteed .. ... 34.0 62.5 31.1 49.4 100.4 18.0 Official creditors ...... 11.0 49.7 28.2 45.2 58.7 15.9 Multilateral El. . . . 45.6 15.8 39.2 54.2 14.3 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 10.0 4.1 12.4 6.0 4.5 1.6 Concessional ...... 10.0 4.1 9.8 4.6 3.1 0.0 Private creditors ...... 23.0 12.8 2.9 4.2 41.7 2.2 Bonds ...... 0.0 0.0 0.0 0.0 39.9 0.0 Commercial banks . .... 0.0 0.0 0.0 2.1 0.0 0.0 Other private ...... 23.0 12.8 2.9 2.1 1.8 2.2 Private nonguaranteed . .. 1.9 0.0 0.0 0.0 0.0 80.9 Bonds ...... 0.0 0.0 0.0 0.0 0.0 80.9 Commercial banks ...... 1.9 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ... . . . 18.9 9.7 18.0 16.5 10.9 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS . . . .. 2.5 12.7 15.6 5.3 13.1 7.4 Public and publicly guaranteed . .... 0.0 9.9 12.8 2.5 11.3 5.6 Official creditors ...... 0.0 0.0 0.0 0.0 6.9 3.4 Multilateral ...... 0.0 0.0 0.0 0.0 5.4 3.4 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 0.0 0.0 0.0 0.0 1.5 0.0 Concessional .... . 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors ...... 0.0 9.9 12.8 2.5 4.4 2.2 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 2.1 0.0 Other private . .... 0.0 9.9 12.8 2.5 2.3 2.2 Private nonguaranteed . .... 2.5 2.8 2.8 2.8 1.8 1.8 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 2.5 2.8 2.8 2.8 1.8 1.8 Memo: IBRD .... . 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT . . .. 33.4 49.8 15.5 44.0 87.3 91.5 Public and publicly guaranteed . .... 34.0 52.6 18.3 46.8 89.1 12.4 Official creditors .... 11.0 49.7 28.2 45.2 51.8 12.5 Multilateral ...... 1.1 45.6 15.8 39.2 48.8 10.9 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral . .... 10.0 4.0 12.4 6.0 3.0 1.6 Concessional ...... 10.0 4.1 9.8 4.6 3.1 0.0 Private creditors ...... 23.0 3.0 -9.9 1.6 37.3 -0.1I Bonds ...... 0.0 0.0 0.0 0.0 39.9 0.0 Commercial banks ...... 0.0 0.0 0.0 2.1 -2.1 0.0 Other private ...... 23.0 3.0 -9.9 -0.5 -0.5 -0. 1 Private nonguaranteed . ... -0.6 -2.8 -2.8 -2.8 -1.8 79.1 Bonds ...... 0.0 0.0 0.0 0.0 0.0 80.9 Commercial banks ...... -0.6 -2.8 -2.8 -2.8 -1.8 -1.8 Memo: IBRD .. .. 1.1 18.9 9.7 18.0 16.5 10.9 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 222 ESTONIA (US$ million, unless otherwise indicated)_ 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) . .. . .. 1.2 4.6 7.2 8.6 10.0 12.5 Public and publicly guaranteed ...... 0.0 3.6 6.5 8.0 9.7 12.2 Official creditors ...... 0.0 1.9 4.0 6.8 8.6 9.0 Multilateral ...... 0.0 1.7 3.3 5.6 7.6 7.7 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 0.0 0.2 0.6 1.1 1.0 1.2 Concessional ...... 0.0 0.2 0.5 0.9 0.6 0.7 Private creditors ...... 0.0 1.7 2.5 1.2 1.1 3.2 Bonds ...... 0.0 0.0 0.0 0.0 0.0 2.1 Commercial banks . .... 0.0 0.0 0.0 0.1 0.1 0.0 Other private ...... 0.0 1.7 2.5 1.1 1.0 1.1 Private nonguaranteed ...... 1.1 1.0 0.8 0.6 0.3 0.4 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.1 Commercial banks . ... 1.1 1.0 0.8 0.6 0.3 0.3 Memo-. IBRD .... . 0.0 0.4 1.7 2.5 3.6 4.2 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT . .. . .. 32.3 45.2 8.3 35.4 77.2 79.0 Public and publicly guaranteed ...... 34.0 49.0 11.9 38.8 79.3 0.3 Official creditors IL... . 1. 47.8 24.3 38.4 43.2 3.5 Multilateral ...... 1.1 43.9 12.5 33.6 41.2 3.2 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 10.0 3.8 11.8 4.8 2.0 0.3 Concessional ...... 10.0 3.9 9.3 3.7 2.5 -0. Private creditors ...... 22.9 1.3 -12.4 0.4 36.1 -3.3 Bonds ...... 0.0 0.0 0.0 0.0 39.9 -2.1 Commercial banks ...... 0.0 0.0 0.0 2.0 -2.2 0.0 Other private ...... 22.9 1.3 -12,4 -1.6 -1.5 -1.2 Private nongutaranteed -.. .. 1.7 -3.8 -3.6 -3.4 -2.1 78.8 Bonds ...... 0.0 0.0 0.0 0.0 0.0 80.8 Commercial banks ...... -1.7 -3.8 -3.6 -3.4 -2.1 -2.1 Memo: IBRD ... . . . 18.5 8.0 15.5 12.9 6.7 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 DEBT SERVICE (LTDS) . . . .. 3.7 17.3 22.8 13.9 23.2 19.9 Public and publicly guaranteed . .... 0.0 13.5 19.2 10.5 21.1 17.8 Official creditors .... . 0.0 1.9 4.0 6.8 15.5 12.4 Multilateral ...... 0.0 1.7 3.3 5.6 13.0 11.1 Concessional ...... 0.0 0.0 0.0 0.0 0.00. Bilateral ...... 0.0 0.2 0.6 1.1 2.5 1.2 Concessional ...... 0.0 0.2 0.5 0.9 0.6 0.7 Private creditors ...... 0.0 11.6 15.3 3.8 5.6 5.4 Bonds ...... 0.0 0.0 0.0 0.0 0.0 2.1 Commercial banks ...... 0.0 0.0 0.0 0.1 2.2 0.0 Other private ...... 0.0 11.6 15.3 3.6 3.3 3.3 Private nonguaranteed . .... 3.7 3.8 3.6 3.4 2.1 2.2 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.1 Commercial banks ...... 3.7 3.8 3.6 3.4 2.1 2.1 Memo: IBRD ...... 0.0 0.4 1.7 2.5 3.6 4.2 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 UNDISBURSED DEBT . . . .. 82.7 74.0 154.8 128.0 112.9 75.4 Official creditors ...... 74.5 66.8 149.6 126.8 105.2 70.7 Private creditors ...... 8.2 7.2 5.2 1.3 7.8 4.7 Memorandum items Concessional LDOD ...... 10.0 14.0 23.8 28.4 31.6 31.6 Variable rate LDOD ...... 16.4 64.1 95.3 137.0 131.6 215.8 Public sector LDOD ..... 33.8 84.9 108.6 159.3 216.5 213.5 Private sector LDOD ...... 14.0 11.2 8.4 5.6 3.8 82.9 6. ( LURRE NCYt C'OMPOSI IION OF LONG-.TERIM DEBT iPE RCENT1- Deutsche mark ...... 0.0 3.7 9.1 14.7 30.4 59.4 French franc . .... 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ...... 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling . .... 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ...... 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ...... 92.7 42.4 32.7 27.4 21.2 22.4 Multiple currency ...... 3.3 23.3 28.6 31.3 28.7 0.0 Special drawing rights ...... 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ...... 4.1 30.5 29.6 26.7 19.6 18.3 223 ESTONIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBI RESTIRUUU'RIN(,S Total amount rescheduled ...... 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ...... 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ...... 0.0 0.0 0.0 0.0 0.0 0.0 Official ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ...... 0.0 0.0 0.0 0.0 0.0 0.0 Official ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven .... . 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ...... 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ...... 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBT STOCK-FI.01% REL ON%CILL%TIoN Total change in debt stocks ... .. . 95.5 32.2 100.4 118.8 253.2 Net flows on debt ... .. . 97.8 23.2 96.0 153.5 273.1 Net change in interest arrears ... .. . 0.0 0.0 0.0 0.0 0.0 Interest capitalized ... .. .0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... .. . 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... .. . -2.8 7.1 6.0 -11.4 -20.6 Residual ... .. .0.5 1.8 -1.6 -23.3 0.7 9..%% ERAGE'I ERMS OF NEW~'CONIITlNtENTS ALL CREDITORS Interest (%) ...... 8.3 4.4 7.7 7.1 6.2 3.1 Maturity (years) ...... 11.1 9.8 14.8 15.0 8.7 5.1 Grace period (years) . .... 3.7 6.4 5.6 5.5 2.7 0.6 Grant element (%) ...... 11.8 29.2 12.7 16.4 15.5 15.6 Official creditors Interest (%) ...... 6.9 4.0 7.7 7.1 6.4 0.0 Maturity (years) .... . 13.5 10.4 14.8 15.0 12.4 0.0 Grace period (years) ...... 4.7 6.2 5.6 5.5 2.7 0.0 Grant element (%) ...... 17.3 31.9 12.7 16.4 19.5 0.0 Private creditors Interest (%) ...... 11.9 6.0 0.0 0.0 5.9 3.1 Maturity (years) ...... 4.9 7.4 0.0 0.0 3.6 5.1 Grace period (years) . .... 1.0 7.3 0.0 0.0 2.8 0.6 Grant element (%) ...... -2.7 19.9 0.0 0.0 10.1 15.6 Memorandum items Commitments . .... 119.8 57.4 105.6 20.0 116.8 0.0 Official creditors ...... 87.2 44.8 105.6 20.0 67.6 0.0 Private creditors ...... 32.6 12.6 0.0 0.0 49.2 0.0 W(. CON [ RA iTU XL OBLIG.-TIIONS ON OUTISTAND)ING LONG-TERM DE.II 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 24.0 17.3 12.3 7.6 5.3 3.7 2.1 1.5 0.8 0.6 Principal 11.2 45.9 85.7 22.0 48.4 19.9 43.3 18.2 18.2 18.2 Interest 20.8 20.7 16.0 13.1 12.3 9.5 8.3 5.3 4.2 3.1 Official creditors Disbursements 21.3 16.0 11.9 7.4 5.3 3.7 2.1 1.5 0.8 0.6 Principal 8.1 9.4 39.6 20.3 24.8 19.9 18.2 18.2 18.2 18.2 Interest 11.9 11.9 10.8 9.5 8.8 7.5 6.4 5.3 4.2 3.1 Bilateral creditors Disbursements 0.7 0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 1.8 2.2 2.5 2.5 6.3 3.1 3.1 3.1 3.1 3.1 Interest 1.2 1.2 1.1 1.0 0.9 0.8 0.7 0.6 0.5 0.4 Multilateral creditors Disbursements 20.6 15.8 11.8 7.4 5.3 3.7 2.1 1.5 0.8 0.6 Principal 6.3 7.2 37.1 17.8 18.5 16.8 15.1 15.1 15.1 15.0 Interest 10.7 10.8 9.7 8.5 7.9 6.7 5.7 4.7 3.7 2.7 Private creditors Disbursements 2.8 1.3 0.5 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Principal 3.1 36.5 46.0 1.7 23.6 0.0 25.1 0.0 0.0 0.0 Interest 9.0 8.8 5.2 3.6 3.5 1.9 1.9 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 2.8 1.3 0.5 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Principal 3.1 36.5 46.0 1.7 23.6 0.0 25.1 0.0 0.0 0.0 Interest 9.0 8.8 5.2 3.6 3.5 1.9 1.9 0.0 0.0 0.0 224 ETHIOPIA (US$ mnillion, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. !iL 'INtARY,DE BT D AF A TOTAL DEBT STOCKS (EDT) 824 8,634 9,119 9,341 9,703 10,067 10,309 10,078 10,079 Long-term debt (LDOD) 169 688 8,483 8,843 9,003 9,287 9,570 9,775 9,484 9,427 Public and publicly guaranteed 169 688 8.483 8.843 9,003 9,287 9,570 9,775 9,484 9,427 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 79 6 0 19 49 72 74 92 87 Short-term debt 57 145 276 319 368 424 461 502 565 of which interest arrears on LDOD ..1 43 166 259 337 393 437 481 541 Official creditors 0 39 154 246 322 374 417 460 523 Private creditors ..0 3 12 12 15 19 20 21 18 Memo: principal arrears on LDOD 1 236 922 1,521 2,105 2,811 3,630 4,303 4.757 Official creditors ..0 196 813 1,431 1,977 2,646 3,453 4,103 4,529 Private creditors ..1 40 109 90 128 165 177 200 227 Memo: export credits ... 311 292 239 235 234 239 300 237 TOTAL DEBT FLOWS Disbursements 28 119 378 443 346 409 258 232 315 179 Long-term debt 28 110 378 443 326 379 237 232 294 179 IMF purchases 0 9 0 0 20 30 20 0 21 0 Principal repayments 15 17 177 92 62 66 68 91 292 52 Long-term debt 15 17 152 86 62 66 68 91 292 52 IMF repurchases 0 0 25 6 0 0 0 0 0 0 Net flows on debt 13 102 207 358 233 314 190 133 21 130 of which short-term debt ..7 7 -50 -29 0 -8 -2 3 Interest payments (INT) -. 28 59 45 47 29 44 63 55 47 Long-term debt 6 17 49 38 42 24 40 61 54 46 IMF charges 0 2 2 0 0 0 0 0 0 0 Short-term debt ..9 8 7 5 5 4 1 1 1 Net transfers on debt -- 75 148 313 186 285 146 70 -35 83 Total debt service paid (TDS) 45 236 138 109 95 112 154 348 99 Long-term debt 21 34 201 124 104 90 107 152 346 98 IMF repurchases and charges 0 2 27 6 0 0 0 0 0 0 Short-termn debt (interest only) ..9 8 7 5 5 4 1 1 1 2. AGGREG ATE NET RESOURCE FLO%%S AND NET TRANSFER; iLONGCTERNII NET RESOURCE FLOWS 23 218 841 1,144 1,155 883 810 624 426 530 Net flow of long-term debt (ex. IMF) 13 93 225 357 263 314 170 140 1 128 Foreign direct investment (net) 4 0 12 6 6 7 3 8 5 5 Portfolio equitv flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 6 125 604 781 886 562 638 475 420 397 Memo: technical coop. grants 20 44 254 206 190 171 126 167 202 168 official net resource flows 26 191 886 926 1,070 903 840 664 631 501 private net resource flows -3 26 -45 218 86 -20 -30 -40 -205 28 NET TRANSFERS 10 201 793 1,106 1,113 859 771 563 373 484 Interest on long-term debt 6 17 49 38 42 24 40 61 54 46 Profit remittances on FDI 6 0 0 0 0 0 0 0 0 0 Memo: official niet transfers 21 177 862 904 1,050 882 809 632 592 460 private net transfers -11 24 -69 202 63 -23 -39 -69 -220 24 3. MAJJOR ECONOMI1C AGGREGATES Gross national product (GNP) ... 6,820 5,315 5,521 6,157 4,829 5,719 5,967 6,338 Exports of goods & services (XGS) 185 591 677 547 459 514 563 808 823 1,047 of which workers remittances 0 0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) 226 797 1,141 1,304 1,166 1,366 1,187 1,356 1,731 1,755 International reserves (RES) 72 262 55 106 270 500 588 815 733 502 Current account balance .. -226 -294 103 -120 -50 125 -10 -149 -39 4. DFBT INDICATORS EDT, XGS ().. 139.5 1,276.3 1,666.7 2,036.9 1,889.2 1,788.0 1,276.5 1,224.4 962.9 EDT. GNP ()... 126.6 171.6 169.2 157.6 208.5 180.3 168.9 159.0 TDS!/XGS (%) .. 7.6 34.9 25.2 23.9 18.5 19.8 19.1 42.2 9.5 INT /XGS (%) .. 4.7 8.7 8.3 10.3 5.7 7.8 7.8 6.7 4.5 INT IGNP (%) ... 0.9 0.9 0.9 0.5 0.9 1.1 0.9 0.7 RES/EDT (%) .. 31.8 0.6 1.2 2.9 5.2 5.8 7.9 7.3 5.0 RES /MGS (months) 3.8 4.0 0.6 1.0 2.8 4.4 5.9 7.2 5.1 3.4 Short-term /'EDT (%) .. 6.9 1.7 3.0 3.4 3.8 4.2 4.5 5.0 5.6 Concessional / EDT (%) .. 68.3 87.3 84.2 84.1 84.3 84.3 84.6 86.3 85.7 Multilateral /EDT (%) .. 41.2 14.7 15.2 16.1 18.9 21.2 22.7 24.7 24.4 225 ETHIOPLA. (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5.. LONG-TrER% DIEBTr DEBT OUTSTANDING (LDOD) 169 688 8,483 8,843 9,003 9,287 9,570 9,775 9,484 9,427 Public and publicly guaranteed 169 688 8,483 8,843 9,003 9,287 9,570 9,775 9,484 9,427 Official creditors 140 638 7,906 8,058 8,238 8,583 8,917 9,179 9,130 9,073 Multilateral 70 340 1,268 1,387 1,503 1,838 2,132 2,340 2,486 2,459 Concessional 23 282 1,151 1,255 1,367 1,695 1,970 2,159 2,278 2,233 Bilateral 70 299 6,638 6,671 6,735 6,745 6,785 6,839 6,644 6,613 Concessional 70 281 6.386 6,422 6,491 6,489 6.515 6,559 6.418 6.400 Private creditors 29 49 577 786 765 704 654 596 354 354 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 10 116 287 363 327 292 253 27 25 Other private 29 39 461 499 402 376 362 343 327 329 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial baDks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 47 56 27 20 12 7 4 0 0 0 IDA 23 249 824 883 964 1,187 1,373 1,470 1,555 1,532 DISBURSEMENTS 28 110 378 443 326 379 237 232 294 179 Public and publicly guaranteed 28 1t0 378 443 326 379 237 232 294 179 Official creditors 25 77 327 182 213 369 234 232 272 149 Multilateral 8 36 139 133 187 364 234 209 272 145 Concessional 3 34 128 107 162 344 213 177 223 92 Bilateral 17 41 188 49 26 5 0 23 0 4 Concessional 17 37 131 48 22 5 0 23 0 4 Private creditors 2 33 51 261 113 10 4 0 22 30 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 0 205 102 0 0 0 0 0 Other private 2 3 1 51 57 11 10 4 0 22 30 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 6 0 0 0 0 0 0 0 0 0 IDA 3 28 74 59 112 230 150 84 142 65 PRINCIPAL REPAYMENTS 15 17 152 86 62 66 68 91 292 52 Public and publicly guaranteed 15 17 152 86 62 66 68 91 292 52 Official creditors 6 11 45 38 29 29 32 43 61 45 Multilateral 3 4 16 24 23 23 28 40 42 42 Concessional 0 0 7 12 11 12 17 22 23 24 Bilateral 3 6 29 13 6 6 3 3 19 3 Concessional 3 6 13 9 4 4 2 3 13 3 Private creditors 9 7 107 49 33 37 36 48 231 7 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 3 45 27 26 36 35 39 226 2 Other private 9 4 62 22 8 1 1 9 5 5 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 4 7 7 7 6 4 4 0 0 IDA 0 0 4 5 6 8 10 12 14 15 NET FLOWS ON DEBT 13 93 225 357 263 314 170 140 1 128 Public and publicly guaranteed 13 93 225 357 263 314 170 140 1 128 Official creditors 20 67 282 145 184 341 202 188 211 104 Multilateral 5 32 123 109 163 341 206 169 230 104 Concessional 3 33 121 95 151 332 196 155 201 68 Bilateral 14 35 159 36 20 -1 -3 19 49( 1 Concessional 14 30 119 39 i8 0 -1 20 -12 1 Private creditors -7 26 -57 212 80 -27 -33 -48 -210 23 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -1 -45 178 76 -36 -35 -39 -226 -2 Other private -7 27 -12 35 3 9 2 -9 16 25 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 -4 -7 -7 -7 -6 -4 -4 0 0 IDA 3 28 69 53 106 222 140 7 1 128 50 226 ETHIOPIA (US$ mnillion, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 6 17 49 38 42 24 40 61 54 46 Public and publicly guaranteed 6 17 49 38 42 24 40 61 54 46 Official creditors 5 15 24 22 20 21 31 32 39 42 Multilateral 3 8 13 17 19 20 25 24 30 33 Concessional 0 2 7 9 9 10 13 14 16 17 Bilateral 2 6 it 5 1 1 6 9 9 8 Concessional 2 5 9 4 1 1 3 6 4 4 Private creditors 2 2 24 16 22 3 9 29 15 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 1t 8 21 3 9 27 15 2 Other private 2 1 13 8 2 0 0 2 1 3 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 7 2 2 1 1 0 0 0 0 IDA 0 2 6 6 7 7 10 11 11 11 NET TRANSFERS ON DEBT 7 76 177 319 221 290 130 79 -52 82 Public and publicly guaranteed 7 76 177 319 221 290 130 79 -52 82 Official creditors 15 52 258 123 164 320 172 156 172 63 Multilateral 3 23 110 91 145 322 181 146 20 70 Concessional 3 31 114 86 142 322 183 141 185 51 Bilateral 12 29 148 32 19 -2 -9 11 -28 -7 Concessional 12 25 110 35 17 -1 -4 14 -16 -3 Private creditors -8 24 -81 196 57 -30 -42 -77 -225 19 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial baniks 0 -2 -56 170 56 -39 -44 -66 -240 -4 Other private -8 26 -25 27 2 9 2 -11 16 22 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 -10 -9 -9 -8 -7 -4 -4 0 0 IDA 3 26 64 47 99 215 131 60 116 38 DEBT SERVICE (LTDS) 21 34 201 124 104 90 107 152 346 98 Public and publicly guaranteed 21 34 201 124 104 90 107 152 346 98 Official creditors 11 25 69 60 49 49 62 76 100 86 Multilateral 6 13 29 42 42 42 53 64 72 75 Concessional 0 2 14 21 20 2230 36 38 41 Bilateral 5 13 40 18 7 7 10 12 28 11 Concessional 5 11 22 13 4 5 4 9 16 7 Private creditors 11 9 131 65 56 40 45 77 246 12 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 4 56 35 47 39 44 66 240 4 Other private 11 5 76 30 9 2 1 11 6 8 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 00 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memio: IBRD 6 10 9 9 8 7 4 4 0 0 IDA 0 2 10 11 13 15 19 23 25 26 UNDISBURSED DEBT 108 436 2,001 1,466 1,182 1,408 1,323 1,218 1,046 891 Official creditors 105 383 1,565 1.289 1.152 1,388 1,308 1,210 1,014 876 Private creditors 4 54 436 176 30 19 15 8 32 15 Memorandum items Concessional LDOD 93 562 7,537 7,677 7,858 8,185 8,485 8,717 8,695 8,633 Variable rate LDOD 0 10 114 105 104 101 84 67 29 26 Public sector LDOD 161 685 8,481 8,842 9,002 9_286 9,570 9,775 9,484 9,427 Private sector LDOD 8 3 1 1 1 0 0 0 0 0 6. CURRENCYI COMPOSITION OF L.ONGC-TERMN DEBT iPERCENTI Deutsche mark 2.7 8.1 1.9 2.2 1.9 1.9 2.2 2.3 2.2 1.8 French franc 0.0 0.0 0.2 0.1 0.1 0.1 0.0 0.1 0.1 0.1 Japanese yen 0.0 2.5 0.5 0.5 0.3 0.4 0.4 0.4 0.2 0.1 Pound sterling 2.1 2.3 0.3 0.2 0.2 0.1 0.1 0.2 0.2 0.2 Swiss franc 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 U.S.dollars 41.8 64.5 24.2 26.1 27.6 28.6 29.2 29.0 26.8 27.5 Multiple currency 28.1 14.7 4.4 4.7 5.0 6.1 6.9 7.9 8.6 8.8 Special drawing rights 0.0 0.0 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 All other currencies 25.1 7.8 68.2 66.0 64.6 62.4 60.9 59.8 61.6 61.2 227 ETHIOPIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. D)EBUI RESTRUCLTU RING.S Total amount rescheduled 0 0 0 0 134 66 47 28 0 105 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 106 51 38 23 0 89 Official 0 0 0 0 38 25 19 12 0 73 Private 0 0 0 0 68 26 19 11 0 16 Interest rescheduled 0 0 0 0 27 15 9 6 0 16 Official 0 0 0 0 15 8 3 2 0 11 Private 0 0 0 0 12 7 6 3 0 5 Debt forgiven ..67 6 44 13 15 7 0 19 Memo: interest forgiven ...0 0 7 2 3 1 19 3 Debt stock reduction 0 0 0 0 0 0 0 0 197 0 of which debt buyback 0 0 0 0 0 0 0 0 16 0 8. DEB I STOCK-FLO%% RECONCILINTION Total change in debt stocks ... 792 484 223 362 363 243 -232 1 Net flows on debt ... 207 358 233 314 190 133 21 130 Net change in interest arrears ... 27 123 93 79 56 44 43 61 Interest capitalized ...0 0 27 15 9 6 0 16 Debt forgiveness or reduction ... -67 -6 -44 -13 -15 -7 -181 -19 Cross-currency valuation ... 629 -8 -46 -28 50 33 -26 -50 Residuial .. -4 1 7 -41 -5 74 35 -89 -138 9. AVERAGr TERNIS OF NE%% COMMIUTMENTS ALL CREDITORS Interest (%) 4.4 3.6 6.6 4.7 1.0 1.7 1.1 1.0 2.2 1.8 Maturity (years) 31.8 19.2 21.8 20.3 40.1 40.7 40.4 36.3 30.4 39.5 Grace period (years) 6.6 3.8 3.5 6.0 9.8 9.2 9.3 9.3 7.6 8.0 Grant element (%) 43.3 39.5 23.8 36.0 73.7 72.5 71.6 76.1 62.1 68.5 Official creditors Interest (%) 4.2 2.4 1.9 4.5 1.0 1.7 1.1 1.0 0.9 1.0 Maturity (years) 37.7 24.0 32.9 21.4 40.7 40.7 40.4 36.3 35.4 44.0 Grace period (years) 7.9 4.5 8.0 6.3 9.9 9.2 9.3 9.3 9.4 9.0 Grant element (%) 49.6 50.8 59.2 38.3 74.1 72.5 71.6 76.1 75.4 77.3 Private creditors Interest (% 4.9 6.3 9.8 7.8 0.0 0.0 0.0 0.0 7.5 6.8 Maturity (years) 8.9 8.3 14.1 5.7 12.4 0.0 0.0 0.0 10.4 11.1 Grace period (years) 1.7 2.1 0.4 1.6 4.9 0.0 0.0 0.0 0.7 1.6 Grant element (%) 18.9 14.3 -0.4 5.6 55.2 0.0 0.0 0.0 9.0 13.0 Memorandum items Commitments 21 194 580 102 248 631 198 170 244 108 Official creditors 17 134 236 95 242 631 198 170 195 93 Private creditors 4 60 345 7 5 0 0 0 49 15 Ii. CON! RArtI 41L OBLI(.AI 10N~s 0I OUiTSIAN DING; LONG-TERNI DEBt1 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursemients 301 239 159 98 51 16 10 4 1 0 Principal 525 528 511 167 171 168 165 153 124 125 Interest 81 75 66 62 58 54 50 46 43 39 Offlcial creditors Disbursements 296 234 156 97 5 1 16 10 4 1 0 Principal 505 505 486 158 163 160 157 146 117 123 IntereSt 76 70 62 59 55 52 48 44 41 39 Bilateral creditors Disbursements 14 16 11 7 4 3 2 1 0 0 Principal 449 443 422 91 84 77 71 57 28 29 Interest 41 33 25 23 21 19 18 16 15 15 Multilateral creditors Disbursements 281 218 146 90 47 13 8 3 1 0 Principal 56 61 64 67 79 83 86 88 89 94 Interest 36 37 37 36 35 33 31 28 26 24 Private creditors Disbursements 6 6 3 1 0 0 0 0 0 0 Principal 21 24 25 9 8 8 8 8 7 2 Interest 4 4 4 3 3 2 2 2 1 1 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 6 6 3 1 0 0 0 0 0 0 Principal 21 24 25 9 8 8 8 8 7 2 Interest 4 4 4 3 3 2 2 2 1 1 228 FIJI (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SL'MMNARfl DEBT DAT;% TOTAL DEBT STOCKS (EDT) .. 281.2 412.7 360.4 338.6 330.0 283.9 250.4 217.4 213.4 Long-term debt (LDOD) 11.7 244.9 400.7 349.0 308.1 283.3 267.9 235.5 199.0 165.4 Public and publicly guaranteed 11.7 180.0 306.0 270.6 226.8 199.3 180.4 167.5 146.5 124.3 Private nooguaranteed 0.0 64.9 94.7 78.4 81.3 84.0 87.5 68.0 52.5 41.2 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt -- 36.3 12.0 11.4 30.5 46.7 16.0 14.9 18.4 48.0 of whicb interest arrears on LDOD .. 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors .. 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits ... 61.0 42.0 39.0 24.0 28.0 31.0 33.0 45.0 TOTAL DEBT FLOWS Disbursements 2.3 78.2 33.5 34.4 36.8 32.6 41.4 15.2 8.6 6.8 Long-term debt 2.3 78.2 33.5 34.4 36.8 32.6 41.4 15.2 8.6 6.8 IMP purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 1.6 19.7 73.0 73.2 60.0 57.0 71.8 51.8 35.1 26.1 Long-term debt 1.6 11.2 72.2 73.2 60.0 57.0 71.8 51.8 35.1 26.1 IMP repurchases 0.0 8.5 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 0.7 58.6 -41.5 -39.4 -4.2 -8.1 -61.1 -37.8 -22.9 10.3 of which sbort-term debt .... 2.0 -0.6 19.1 16.2 -30.7 -1.1 3.5 29.6 Interest payments (TNT) .. 16.2 32.9 29.7 24.1 21.4 21.0 16.0 13.5 12.5 Long-term debt 1.1 9.5 31.4 28.5 22.8 19.5 19.1 15.1 12.5 10.5 IMP charges 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 6.3 1.5 1.2 1.3 1.9 1.9 0.9 1.0 2.0 Net transfers on debt .. 42.4 -74.4 -69.1 -28.3 -29.6 -82.1 -53.8 -36.4 -2.2 Total debt service paid (TDS) . 35.8 105.9 102.9 84.2 78.4 92.8 67.9 48.6 38.6 Long-term debt 2.7 20.7 103.5 101.7 82.9 76.5 90.9 66.9 47.6 36.6 IMP repurchases and charges 0.0 8.8 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 6.3 1.5 1.2 1.3 1.9 1.9 0.9 1.0 2.0 2..-AGGREG ATE NET' RESOUiRC'E FLOW%S A~ND NET TRAVN NFE RS i LO-NG-TER.%' NET RESOURCE FLOWS 11.2 118.6 67.6 -23.6 105.3 90.4 48.0 53.1 1.7 6.6 Net flow of long-term debt (ex. IMF) 0.7 67.1 -38.7 -38.8 -23.3 -24.3 -30.4 -36.7 -26.4 -19.3 Poreign direct investment (net) 6.4 36.4 92.0 5.2 103.6 91.2 67.5 69.5 9.8 12.0 Portfolio equity flows 0.0 0.0 0,0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding tecbnical coop.) 4.1 15.1 14.3 10.0 25.0 23.5 10.9 20.3 18.3 13.9 Memo: technical coop. grants 2.9 17.0 36.6 35.0 40.0 36.9 34.1 30.7 32.9 32.7 official net resource flows 5.7 54.3 -8.6 -15.1 9.3 -0.7 -23.3 4.1 7.6 6.1 private net resource flows 5.5 64.3 76.2 -8.5 96.0 91.1 71.3 49.0 -5.9 0.5 NET TRANSFERS -1.4 78.7 -3.6 -95.7 28.1 8.7 -39.1 -27.9 -73.8 -71.9 Interest on lung-term debt 1.1 9.5 31.4 28.5 22.8 19.5 19.1 15.1 12.5 10.5 Profit remittances on FDI 11.5 30.4 39.9 43.6 54.4 62.2 68.0 66.0 63.0 68.0 Memo: official net transfers 5.1 48.2 -30.0 -34.6 -7.4 -15.2 -36.8 -6.5 -1.4 -1.5 private net transfers -6.5 30.4 26.3 -61.1 35.4 23.9 -2.4 -21.5 -72.4 -70.4 3.M.!L-UI R ECONOMICt AGGREGAFIES Gross national product (GNP) 210.8 1,186.2 1,345.8 1,472.9 1,579.4 1,608.5 1,772.4 1,877.6 2,059.4 2,033.2 Exports of goods & ser-vices (XGS) .. 597.1 881.6 842.1 855.3 904.2 1,074.0 1,139.1 1,342.5 1,266.0 of which workers remittances .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & ser-vices (MGS) .. 656.6 974.3 910.9 922.2 1,054.3 1,191.4 1,254.7 1,341.8 1,335.0 International reserves (RES) .. 174.1 261.1 271.7 317.1 269.8 273.4 349.3 427.5 360.5 Current account batance . -17.5 -94.0 -68.2 -61.3 -138.1 -112.8 -t12.7 10.2 41. DEBT INDICA%TORS EDT/XGS (% . 47.1 46,8 42.8 39.6 36.5 26.4 22.0 16.2 16.9 EDT/GNP(% . 23.7 307 24.5 21.4 20.5 16.0 13.3 10.6 10.5 TDS /XGS ().. 6.0 12.0 12.2 9.8 8.7 8.6 6.0 3.6 3.1 INT /XGS (5).. 27 3.7 3.5 2.8 2.4 2.0 1.4 1.0 1.0 INT /GNP ().. 1.4 2.4 2.0 1.5 1.3 1.2 0.9 0.7 0.6 RES /EDT (% . 61.9 63.3 75.4 93.7 81.8 96.3 139.5 196.6 168.9 RES MGS (months) .. 3.2 3.2 3.6 4.1 3.1 2.8 3.3 3.8 3.2 Short-term / EDT (51) .. 12.9 2.9 3.2 9.0 14.2 5.6 5.9 8.5 22.5 Concessional / EDT ().. 9.2 7.3 8.3 7.4 7.1 7.6 8.3 8.5 6.4 Multilateral / EDT (51) . 23.2 49.0 56.2 54.4 50.1 55.8 59.4 59.9 52.1 229 FIJI (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-r~ER.N1 DEBT DEBT OUTSTANDING (LDOD) 11.7 244.9 400.7 349.0 308.1 283.3 267.9 235.5 199.0 165.4 Public and publicly guaranteed 11.7 180.0 306.0 270.6 226.8 199.3 180.4 167.5 146.5 124.3 Official creditors 8.2 123.7 279.1 253.5 221.1 196.4 179.0 167.0 146.2 124.2 Multilateral 0.0 65.1 202.0 202.5 184.1 165.4 158.6 148.9 130.2 111.3 Concessional 0.0 4.4 14.7 14.7 13.0 11.6 11.3 11.6 10.6 7.4 Bilateral 8.2 58.6 77.1 51.0 37.0 31.0 20.4 18.1 16.0 12.9 Concessional 1.7 21.5 15.2 15.1 12.0 11.7 10.3 9.3 7.8 6.3 Private creditors 3.5 56.3 26.9 17.2 5.7 2.9 1.5 0.6 0.3 0.1 Bonds 3.5 2.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 41.0 12.1 6.1 1.7 0.7 0.6 0.4 0.2 0.0 Other private 0.0 12.8 14.7 11.0 4.0 2.2 0.9 0.1 0.1 0.1 Private nonguaranteed 0.0 64.9 94.7 78.4 81.3 84.0 87.5 68.0 52.5 41.2 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 64.9 94.7 78.4 81.3 84.0 87.5 68.0 52.5 41.2 Memo: IBRD 0.0 33.5 67.8 65.1 53.2 43.6 39.6 35.3 32.8 30.3 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 2.3 78.2 33.5 34.4 36.8 32.6 41.4 15.2 8.6 6.8 Public and publicly guaranteed 2.3 78.2 19.3 22.4 16.6 11.1 16.9 15.2 8.6 6.8 Official creditors 2.3 43.4 18.6 22.4 16.5 11.1 16.9 15.2 8.6 6.8 Multilateral 0.0 23.2 13.2 21.2 16.5 10.2 16.9 15.2 8.6 6.8 Concessional 0.0 2.3 0.0 0.5 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral 2.3 20.2 5.3 1.2 0.0 1.0 0.0 0.0 0.0 0.0 Concessional 2.3 0.0 1.0 1.2 0.0 1.0 0.0 0.0 0.0 0.0 Private creditors 0.0 34.8 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 31.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 3.8 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 14.2 12.0 20.2 21.5 24.5 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 14.2 12.0 20.2 21.5 24.5 0.0 0.0 0.0 Memo: IBRD 0.0 5.7 5.1 7.9 2.2 1.5 5.8 5.6 6.6 4.3 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 1.6 11.2 72.2 73.2 60.0 57.0 71.8 51.8 35.1 26.1 Public and publicly guaranteed 1.6 11.2 54.7 56.9 42.3 38.2 52.7 32.3 19.6 14.8 Official creditors 0.7 4.2 41.5 47.5 32.2 35.4 51.1 31.4 19.4 14.6 Multilateral 0.0 1.0 33.8 22.0 25.3 29.2 39.9 28.7 16.7 12.3 CoDcessional 0.0 0.0 0.3 0.3 0.4 0.4 1.4 0.5 0.5 2.0 Bilateral 0.7 3.2 7.7 25.5 6.9 6.2 11.2 2.7 2.6 2.3 Concessional 0.6 1.4 0.8 0.9 1.1 1.0 1.1 1.4 1.3 1.0 Private creditors 0.9 7.0 13.2 9.4 10.2 2.8 1.6 1.0 0.2 0.2 Bonds 0.9 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 5.7 5.9 3.5 0.9 0.2 0.2 0.2 0.2 Other private 0.0 5.3 7.5 3.5 6.7 1.9 1.4 0.7 0.0 0.0 Private nonguaranteed 0.0 0.0 17.5 16.3 17.7 18.8 19.1 19.5 15.5 11.3 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 17.5 16.3 17.7 18.8 19.1 19.5 15.5 11.3 Memo: IBRD 0.0 0.7 9.1 11.3 12.0 12.2 12.9 11.5 6.7 3.9 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT 0.7 67.1 .38.7 .38.8 .23.3 .24.3 -30.4 -36.7 -26.4 -19.3 Public and publicly guaranteed 0.7 67.1 -35.4 -34.5 .25.8 -27.0 .35.8 -17.2 -10.9 .8.0 Official creditors 1.6 39.2 -22.9 -25.1 -15.7 -24.2 -34.2 -16.2 -10.7 -7.8 Multilateral 0.0 22.2 -20.5 -0.8 -8.8 -19.0 -23.0 -13.5 -8.1 -5.5 Concessional 0.0 2.3 -0.3 0.2 -0.4 -0.4 -1.4 -0.5 -0.5 -2.0 Bilateral 1.6 17.0 -2.4 -24.3 -6.9 -5.2 -11.2 -2.7 -2.6 -2.3 Concessional 1.7 -1.4 0.1 0.3 -1.1 0.0 -1.1 -1.4 -1.3 -1.0 Private creditors -0.9 27.9 -12.5 -9.4 -10.1 -2.8 -1.6 -1.0 -0.2 -0.2 Bonds -0.9 -1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 31.0 -5.1 -5.9 -3.4 -0.9 -0.2 -0.2 -0.2 -0.2 Other private 0.0 -1.5 -7.3 -3.5 -6.7 -1.9 -1.4 -0.7 0.0 0.0 Private nonguaranteed 0.0 0.0 -3.3 -4.3 2.5 2.7 5.4 .19.5 .15.5 -11.3 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 -3.3 -4.3 2.5 2.7 5.4 -19.5 -15.5 -11.3 Memo: IBRD 0.0 5.0 -4.0 -3.4 -9.7 -10.7 -7.0 -5.9 -0.1 0.4 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 230 FIJI (US$ million, uinless otherwise indicated) 1970 1980 1990 1997 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 1.1 9.5 31.4 28.5 22.8 19.5 19.1 15.1 12.5 10.5 Public and publicly guaranteed 1.1 9.5 24.0 21.7 17.2 14.8 13.7 10.7 9.0 7.6 Official creditors 0.6 6.1 21.4 19.5 16.7 14.5 13.5 10.6 9.0 7.6 Multilateral 0.0 3.4 15.0 13.0 13.2 12.0 11.4 9.5 8.0 6.7 Concessional 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Bilateral 0.6 2.7 6.3 6.4 3.5 2.5 2.1 1.1 1.0 0.8 Concessional 0.1 0.8 0.3 0.5 0.5 0.4 0.4 0.3 0.3 0.2 Private creditors 0.5 3.5 2.6 2.2 0.6 0.3 0.2 0.1 0.0 0.0 Bonds 0.5 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 2.1 1.1 1.5 0.3 0.1 0.1 0.1 0.0 0.0 Other private 0.0 1.1 1.5 0.7 0.3 0.2 0.1 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 7.4 6.8 5.6 4.7 5.5 4.4 3.5 2.9 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 7.4 6.8 5.6 4.7 5.5 4.4 3.5 2.9 Memo: IBRD 0.0 2.7 5.6 5.3 4.8 4.0 3.4 3.0 2.3 2.1 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT -0.4 57.6 -70.0 -67.3 -46.1 -43.8 -49.5 -51.7 -38.9 -29.8 Public and publicly guaranteed -0.4 57.6 -59.3 -56.2 -43.0 .41.8 -49.5 -27.9 -19.9 .15.6 Official creditors 0.9 33.1 -44.3 -44.6 -32.3 -38.7 -47.7 -26.8 -19.7 -15.4 Multilateral 0.0 18.9 -35.5 -13.9 -21.9 -31.1 -34.4 -23.0 -16.1 -12.2 Concessional 0.0 2.3 -0.4 0.1 -0.5 -0.5 -1.5 -0.6 -0.6 -2.1 Bilateral 0.9 14.3 -8.7 -30.7 -10.4 -7.7 -13.3 -3.8 -3.6 -3.1 Concessional 1.6 -2.2 -0.2 -0.2 -1.6 -0.4 -1.5 -1.7 -1.6 -1.2 Private creditors -1.4 24.4 -15.1 -11.6 -10.7 -3.1 -1.8 -1.-0 -0.3 -0.2 Bonds -1.4 -1.9 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 Commercial banks 0.0 28.9 -6.2 -7.3 -3.7 -1.0 -0.2 -0.3 -0.2 -0.2 Other private 0.0 -2.5 -8.9 -4.3 -7.0 -2.0 -1.5 -0.8 0.0 0.0 Private nonguaranteed 0.0 0.0 -10.7 -11.1 -3.1 -2.0 -0.1 .23.9 -19.0 -14.3 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 -10.7 -11.1 -3.1 -2.0 -0.1 -23.9 -19.0 -14.3 Memo: IBRD 0.0 2.3 -9.6 -8.7 -14.6 -14.7 -10.5 -8.9 -2.4 -1.7 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DEBT SERVICE (LTDS) 2.7 20.7 103.5 101.7 82.9 76.5 90.9 66.9 47.6 36.6 Public and publicly guaranteed 2.7 20.7 78.6 78.6 59.6 53.0 66.4 43.1 28.6 22.4 Official cre-ditors 1.4 10.3 62.8 67.0 48.8 49.9 64.6 42.0 28.3 22.2 Multilateral 0.0 4.4 48.8 35.1 38.4 41.2 51.3 38.2 24.7 19.0 Concessional 0.0 0.0 0.4 0.4 0.5 0.5 1.5 0.6 0.6 2.1 Bilateral 1.4 5.9 14.0 31.9 10.4 8.6 13.3 3.8 3.6 3.1 Concessional 0.7 2.2 1.2 1.5 1.6 1.4 1.5 1.7 1.6 1.2 Private creditors 1.4 10.4 15.8 11.6 10.7 3.1 1.8 1.0 0.3 0.2 Bonds 1.4 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commnercial banks 0.0 2.1 6.8 7.3 3.7 1.0 0.2 0.3 0.2 0.2 Other private 0.0 6.4 9.0 4.3 7.0 2.0 1.5 0.8 0.0 0.0 Private nonguaranteed 0.0 0.0 24.9 23.1 23.3 23.5 24.6 23.9 19.0 14.3 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 24.9 23.1 23.3 23.5 24.6 23.9 19.0 14.3 Memo: IBRD 0.0 3.3 14.7 16.6 16.8 16.2 16.3 14.5 9.0 6.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UNDISBURSED DEBT 1.4 120.8 81.2 64.9 45.1 66.2 48.8 37.5 28.8 60.2 Official creditors 1.2 120.8 80.6 64.3 45.1 66.2 48.8 37.5 28.8 60.2 Private creditors 0.2 0.0 0.6 0.6 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD 1.7 25.9 29.9 29.8 25.0 23.3 21.6 20.9 18.4 13.7 Variable rate LDOD 0.0 105.9 124.0 108.6 107.4 110.7 125.1 113.9 98.1 84.6 Public sector LDOD 11.7 180.0 306.0 270.6 226.8 199.3 180.4 167.5 146.5 124.3 Private sector LDOD 0.0 64.9 94.7 78.4 81.3 84.0 87.5 68.0 52.5 41.2 6. CtURRENCI COMIPOSI [ION OF L.ONG;-TERM% DEBT PERCI:%r1, Deutsche mark 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc 0.0 0.0 1.4 1.7 1.7 1.7 1.9 2.1 2.1 2.0 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 34.3 24.7 16.4 14.9 12.2 11.3 7.0 6.3 6.4 6.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UT.S.dottars 14.6 26.1 5.2 3.5 0.6 1.0 0.9 0.8 0.7 0.6 Multiple currency 0.0 36.2 58.9 67.8 74.7 77.1 82.0 83.4 84.5 86.4 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 51.1 13.0 18.1 12.1 10.8 8.9 8.1 7.3 6.3 5.2 231 FIJI (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RE1;'[RUL'TLRlN(.b Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Sl. DEBHr STOCK-FLOil RECONCILI-XTION Total change in debt stocks ... -2.0 -52.3 -21.9 -8.6 -46.0 -33.5 -33.0 -4.0 Net flows on debt ... -41.5 -39.4 -4.2 -8.1 -61.1 -37.8 -22.9 10.3 Net change in interest arrears ... -0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 25.2 -5.6 -24.1 -7.0 5.7 1.4 -2.7 -6.7 Residual ... 15.0 -7.2 6.4 6.5 9.4 2.8 -7.3 -7.6 9. Alk ERAGE lE RNIS OF NEVb CO.% IN I I7N I N TS ALL CREDITORS Interest (%) 3.1 8.1 6.6 2.9 0.0 6.9 0.0 4.5 0.0 6.8 Maturity (years) 17.7 14.4 24.7 11.9 0.0 20.5 0.0 12.0 0.0 24.9 Grace period (years) 5.2 3.7 5.1 3.6 0.0 4.6 0.0 4.5 0.0 5.4 Grant element (% 43.6 9.5 22.9 36.0 0.0 19.6 0.0 28.8 0.0 21.9 Official creditors Interest (%) 3.0 7.9 6.6 2.9 0.0 6.9 0.0 4.5 0.0 6.8 Maturity (years) 18.5 14.7 24.8 11.9 0.0 20.5 0.0 12.0 0.0 24.9 Grace period (years) 5.5 3.7 5.1 3.6 0.0 4.6 0.0 4.5 0.0 5.4 Grant element (% 45.6 10.6 22.9 36.0 0.0 19.6 0.0 28.8 0.0 21.9 Private creditors Interest (%) 5.5 10.2 8.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 5.2 10.0 10.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.7 3.3 6.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (% 10.5 -4.3 3.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 3.7 89.1 30.0 6.7 0.0 33.0 0.0 10.5 0.0 40.0 Official creditors 3.5 82.6 29.8 6.7 0.0 33.0 0.0 10.5 0.0 40.0 Private creditors 0.2 6.5 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11). C'ONTR.ACUrAI ()B.G.VTIONS O-N 01 ITs%T AM) NG; LONG- [-ERMT DEB r 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 8.4 11.3 10.8 10.2 9.1 6.4 4.0 0.0 0.0 0.0 Principal 23.4 22.0 21.0 19.4 18.5 18.0 12.0 8.6 9.1 8.4 Interest 9.6 8.8 7.9 7.5 7.1 6.6 5.8 5.3 4.8 4.2 Official creditors Disbursements 8.4 11.3 10.8 10.2 9.1 6.4 4.0 0.0 0.0 0.0 Principal 14.3 14.5 15.4 13.3 13.0 13.0 9.5 8.6 9.1 8.4 Interest 7.6 7.3 7.0 6.8 6.6 6.2 5.8 5.3 4.8 4.2 Bilateral creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.5 2.5 2.4 1.0 1.0 1.0 0.3 0.2 0.2 0.2 Interest 0.7 0.5 0.3 0.2 0.2 0.1 0.1 0.1 0.1 0.0 Multilateral creditors Disbursements 8.4 11.3 10.8 10.2 9.1 6.4 4.0 0.0 0.0 0.0 Principal 11.8 12.0 13.0 12.2 12.0 12.0 9.2 8.5 9.0 8.2 Interest 6.9 6.8 6.7 6.6 6.4 6.1 5.7 5.2 4.7 4.2 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0. Principal 9.0 7.5 5.6 6.1 5.5 5.0 2.5 0.0 0.0 0.0 Interest 2.0 1.5 0.8 0.7 0.5 0.4 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 9.0 7.5 5.6 6.1 5.5 5.0 2.5 0.0 0.0 0.0 Interest 2.0 1.5 0.8 0.7 0.5 0.4 0.0 0.0 0.0 0.0 232 GABON (US$ mnillion, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUAMNAR'S DEBT DATA TOTAL DEBT STOCKS (EDT) -. 1,514 3,984 4,223 3,850 3,861 4,171 4,360 4,310 4,285 Long-term debt (LDOD) 91 1,272 3,151 3,225 3,049 2,933 3,694 3,976 3,972 3,671 Public and publicly guaranteed 91 1.272 3,151 3,225 3,049 2,933 3,694 3,976 3,972 3,671 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 15 140 121 81 45 90 97 120 131 Short-term debt .. 228 693 878 721 883 387 287 219 482 of which interest arrears on LDOD 0 131 278 285 450 51 0 0 0 Official creditors 0 III 220 210 361 36 0 0 0 Private creditors 0 20 58 75 90 15 0 0 0 Memo: principal arrears on LDOD ..0 82 261 423 650 110 26 0 0 Official creditors ..0 17 82 144 279 47 0 0 0 Private creditors ..0 65 179 279 371 63 26 0 0 Memo: export credits ... 1,917 2,140 2,194 2,102 2.066 2,066 2,153 2,321 TOTAL DEBT FLOWS Disbursements 26 171 204 162 108 93 198 279 121 168 Long-term debt 26 171 195 157 108 93 134 222 89 145 IMF purchases 0 0 9 6 0 0 64 57 32 23 Principal repayments 9 279 40 114 137 71 119 216 137 172 Long-termn debt 9 279 26 89 100 35 96 165 131 168 IMF repurchases 0 0 15 25 36 36 23 52 5 4 Net flows on debt 17 -109 164 87 -193 19 -18 14 -84 260 of which short-term debt ...0 38 -164 -3 -97 -49 -69 263 Interest payments (TNT) .. 153 136 196 296 86 149 240 247 261 Long-term debt 3 119 78 136 238 35 103 217 232 238 IMF charges 0 1 13 12 9 6 3 5 4 6 Short-term debt .. 33 45 48 50 45 43 17 11 18 Net transfers on debt .. -262 28 -109 -489 -67 -167 -226 -331 -2 Total debt service paid (TDS) .. 432 176 309 433 157 268 456 384 433 Long-term debt 12 398 104 225 338 70 198 382 363 406 IMF repurchases and charges 0 1 27 36 45 42 26 57 10 9 Short-ter-m debt (interest only) .. 33 45 48 50 45 43 17 11 18 2..AGG-REGA.TE NETl RFSOL'R( E FLOII SAN!) NETI FRANSFERS iLONG-TER-Nli NET RESOURCE FLOWS 26 -73 274 41 164 9 82 31 -30 -65 Net flow of long-term debt (ex. IME) 1 7 -109 170 68 8 58 38 57 -42 -23 Foreign direct investment (net) -1 32 74 -55 127 -114 -103 -113 -65 -100 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 10 4 30 28 29 65 147 87 78 58 Memo: technical coop. grants 7 37 36 34 49 50 44 47 43 37 official net resource flows 17 20 171 128 54 124 216 219 86 40 private net resource flows 9 -93 103 -87 110 -115 -134 -188 -116 -105 NET TRANSFERS 15 -465 79 -236 -230 -227 -241 -387 -472 -503 Interest on long-term debt 3 119 78 136 238 35 103 217 232 238 Profit remittances on EDI 8 273 116 141 156 200 220 200 210 200 Memo: official net transfers 15 1 103 43 -148 95 142 45 -133 -188 private net transfers 0 -466 -24 -279 -83 -321 -382 -432 -338 -315 3. MAJIOR ECONT.NIIC AGCGREG_ATES Gross national product (GNP) 306 3,856 5,336 4,849 4,864 3,868 3,693 4,242 4,798 4,479 Exports of goods & services (XGS) .. 2,434 2,750 2,580 2,654 2,670 2,597 2,929 3,357 3,307 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 1,926 2,448 2,385 2,680 2,526 2,113 2,632 2,955 2,851 International reserves (RES) .. 115 279 332 75 6 180 153 253 286 Current account balance .. 384 168 75 -168 -49 317 100 4. DEB! INDIC %TORS EDT //XGS (%) .. 62.2 144.9 163.7 145.1 144.6 160.6 148.9 128.4 129.6 EDT/GNP (%) .. 39.3 74.7 87.1 79.1 99.8 113.0 102.8 89.8 95.7 TDS/XGS (%) .. 17.7 6.4 12.0 16.3 5.9 10.3 15.6 11.4 13.1 INT XGS (Ye) .. 6.3 4.9 7.6 11.2 3.2 5.7 8.2 7.4 7.9 INTl GNP (% . 4.0 2.5 4.0 6.1 2.2 4.0 5.7 5.1 5.8 RES /EDT (% . 7.6 7.0 7.9 2.0 0.1 4.3 3.5 5.9 6.7 RES / MGS (months) .. 0.7 1.4 1.7 0.3 0.0 1.0 0.7 1.0 1.2 Short-term /EDT (%) .. 15.1 17.4 20.8 18.7 22.9 9.3 6.6 5.1 11.2 Concessional / EDT (%) .. 7.5 10.6 11.6 11.6 10.6 13.8 18.1 19.1 22.7 Multilateral / EDT (%) .. 2.7 8.0 8.2 9.3 10.6 11.2 13.5 13.5 12.3 233 GABON (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 -5. LONG- fE RIf DEBUI DEBT OUTSTANDING (LDOD) 91 1,272 3,151 3,225 3,049 2,933 3,694 3,976 3,972 3,671 Public and publicly guaranteed 91 1,272 3,151 3,225 3,049 2,933 3,694 3,976 3,972 3,671 Official creditors 67 316 2,435 2,548 2,423 2,337 3,427 3.778 3,829 3,541 Multilateral 31 40 317 347 358 408 467 588 583 528 Concessional 1 10 29 27 25 25 25 28 30 30 BilateTal 36 276 2,118 2,201 2,065 1,929 2,960 3,189 3,246 3,013 Concessional 35 103 393 461 423 384 549 762 794 941 Private creditors 24 955 716 676 626 596 268 199 143 131 Bonds 8 2 0 0 0 0 0 0 0 0 Commercial banks 0 721 182 176 163 161 175 148 117 97 Other private 16 232 535 500 462 435 92 5 1 26 33 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 29 19 69 81 82 86 114 110 92 77 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 26 171 195 157 108 93 134 222 89 145 Public and publicly guaranteed 26 171 195 157 108 93 134 222 89 145 Official creditors 13 36 158 141 108 90 132 222 89 125 Multilateral 4 2 84 44 43 66 78 150 64 34 Concessional I 0 4 0 1 0 1 2 5 6 Bilateral 9 33 74 97 65 24 54 72 25 91 Concessional 9 16 63 70 8 19 52 62 21 90 Private creditors 1 3 135 37 16 0 3 2 0 0 20 Bonds 4 0 0 0 0 0 0 0 0 0 Commercial banks 0 95 0 0 0 0 0 0 0 0 Other private 9 40 37 16 0 3 2 0 0 20 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 0 10 1 1 8 8 33 4 3 3 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 9 279 26 89 100 35 96 165 131 168 Public and publicly guaranteed 9 279 26 89 100 35 96 165 131 168 Official creditors 6 19 18 41 84 31 63 90 80 143 Multilateral 4 3 13 16 16 15 36 43 46 42 Concessional 0 0 1 1 1 0 3 2 2 3 Bilateral 2 17 5 25 68 16 27 48 34 101 Concessional 2 4 0 6 22 7 5 10 7 36 Private creditors 4 260 8 48 17 4 33 75 51 25 Bonds 0 1 0 0 0 0 0 0 0 0 Commercial banks 0 185 3 5 12 0 3 26 31 20 Other private 3 74 5 42 5 4 30 49 20 5 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 2 1 1 4 5 10 12 13 10 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 17 -109 170 68 8 58 38 57 -42 -23 Public and publicly guaranteed 17 -109 170 68 8 58 38 57 -42 -23 Official creditors 7 16 141 100 25 60 69 132 9 -18 Multilateral 0 0 71 28 28 51 42 107 17 -8 Concessional 1 0 3 -1 0 0 -1 1 4 3 Bilateral 7 17 70 72 -3 8 27 24 -9 -10 Concessional 7 13 63 65 -14 12 47 52 14 54 Private creditors 9 -125 29 -32 -17 -2 -31 -75 -51 -5 Bonds 4 -1 0 0 0 0 0 0 0 0 Commercial banks 0 -91 -3 -5 -12 0 -3 -26 -31 -20 Other private 6 -34 32 -26 -5 -2 -28 -49 -20 1 5 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -1 -2 9 9 3 3 23 -8 -11 -7 IDA 0 0 0 0 0 0 0 0 0 0 234 GABON (US$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 3 119 78 136 238 35 103 217 232 238 Public and publicly guaranteed 3 119 78 136 238 35 103 217 232 238 Official creditors 2 19 68 85 201 30 74 174 219 228 Multilateral 1 2 21 23 26 17 37 26 43 44 Concessional 0 0 0 1 0 0 1 1 1 1 Bilateral 1 17 47 62 176 13 37 148 176 184 Concessional 1 3 2 9 19 4 14 39 38 50 Private creditors 1 100 11 51 36 6 29 44 12 10 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 81 5 23 34 6 16 27 9 7 Other private 0 19 6 28 3 0 13 17 3 3 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 2 5 5 7 4 8 8 9 6 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 14 -227 92 -68 -230 23 -65 -161 -274 -261 Public and publicly guaranteed 14 -227 92 -68 -230 23 -65 -161 -274 -261 Official creditors 5 -3 73 14 -177 30 -5 -42 -211 -246 Multilateral -1 -2 51 5 2 34 5 82 -26 -52 Concessional I 0 2 -2 0 0 -2 0 3 2 Bilateral 6 -1 23 9 -179 -5 -10 -124 -185 -194 Concessional 7 10 62 56 -33 8 33 13 -24 4 Private creditors 9 -224 18 -82 -53 -7 -60 -119 -63 -15 Bonds 3 -1 0 0 0 0 0 0 0 0 Commercial banks 0 -171 -8 -28 -46 -6 -18 -53 -40 -27 Other private 6 -53 26 -54 -8 -2 -41 -66 -23 1 2 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -2 -3 4 4 -3 -1 15 -16 -20 -13 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 12 398 104 225 338 70 198 382 363 406 Public and publicly guaranteed 12 398 104 225 338 70 198 382 363 406 Official creditors 8 39 85 127 285 60 137 264 300 371 Multilateral 5 4 34 39 41 31 74 68 90 86 Concessional 0 0 2 2 2 0 4 2 3 4 Bilateral 3 34 51 88 244 29 64 195 210 285 Concessional 3 6 2 14 41 12 19 49 45 86 Private creditors 4 359 19 98 53 10 61 119 63 35 Bonds 1 I 0 0 0 0 0 0 0 0 Commercial banks 0 266 8 28 46 6 18 53 40 27 Other private 4 93 1 1 70 8 4 43 66 23 8 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 5 4 6 6 11 8 18 20 22 16 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 34 164 287 272 228 483 548 409 445 403 Official creditors 15 133 271 271 223 481 548 409 445 382 Private creditors 19 31 17 0 5 2 0 0 0 21 Memorandum items Concessional LDOD 36 113 422 488 448 408 574 790 824 972 Variable rate LDOD 0 500 416 437 428 426 676 723 651 562 Public sector LDOD 65 1,246 3,149 3,223 3,047 2,933 3,694 3,976 3,972 3.671 Private sector LDOD 26 26 2 2 2 0 0 0 0 0 6. CU'RRENCI COMPOSUll ION OF LONG-TER.11 DEBTr PE RCEND- Deutsche mark 4.8 4.8 8.4 8.2 8.1 7.9 11.9 8.4 7.8 7.3 French franc 43.3 39.0 54.8 53.9 53.2 50.7 47.6 47.4 46.3 45.2 Japanese yen 0.0 1.5 0.7 0.7 0.8 0.9 1.0 0.9 0.8 0.8 Pound sterling 0.0 0.8 5.3 4.9 4.2 4.3 4.4 5.0 5.6 6.0 Swiss franc 0.0 0.5 0.3 0.3 0.3 0.3 0.7 0.8 0.7 0.7 U.S.dollars 7.6 42.7 10.3 11.0 12.0 12.5 12.6 11.5 11.3 11.2 Multiple currency 32.3 1.5 3.7 4.7 5.6 7.7 8.0 8.8 8.9 8.7 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.2 0.2 0.0 All other currencies 12.0 9.2 16.5 16.2 15.9 15.7 13.6 17.1 18.4 20.3 235 GABON (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DFBTRENTR1:CTI. HINGS Total amount rescheduled 0 0 271 78 26 2 1,571 472 501 316 Debt stock rescheduled 0 0 0 0 0 0 74 0 0 0 Principal rescheduled 0 0 188 50 23 0 766 253 270 191 Official 0 0 32 0 0 0 397 249 266 190 Private 0 0 156 50 23 0 369 4 4 1 Interest rescheduled 0 0 77 0 0 2 449 68 64 45 Official 0 0 27 0 0 2 376 67 64 45 Private 0 0 50 0 0 0 73 1 0 0 Debt forgiven . .0 0 0 29 240 40 0 2 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 1 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8. DEBW! SIrc0CK-FL( !W REICON(. Ill1 VION Total change in debt stocks ... 634 239 -373 11 310 189 -50 -26 Net flows on debt ... 164 87 -193 19 -18 14 -84 260 Net change in interest arrears . . 88 147 7 165 -399 -51 0 0 Interest capitalized ... 77 0 0 2 449 68 64 45 Debt forgiveness or reduction . .0 0 0 -29 -240 -41 0 -2 Cross-currency valuation ... 359 -25 -167 -134 293 242 -180 -340 Residual ... -54 31 -21 -12 225 -42 150 12 9. A%VERAGE L-ERMNS OF NI'A% COMM IT[IEVIS ALL CREDITORS Interest (%) 5.1 11.2 7.9 5.3 8.1 8.2 5.5 4.7 6.2 5.2 Maturity (years) 10.7 11.5 17.8 16.5 12.8 19.9 19.0 13.0 15.7 10.9 Grace period (years) 1.5 3.4 4.7 5.6 6.8 6.2 5.1 5.9 5.4 4.4 Grant element (%) 19.2 -5.2 12.3 29.1 10.9 10.1 26.0 30.4 21.7 23.7 Official creditors Interest (%) 4.0 7.4 7.7 5.3 7.9 8.2 5.5 4.7 6.2 5.0 Maturity (years) 17.3 14.8 18.9 16.5 13.3 19.9 19.0 13.0 15.7 11.2 Grace period (years) 3.6 4.9 5.3 5.6 7.2 6.2 5.1 5.9 5.4 4.7 Grant element (%) 34.4 15.0 13.9 29.1 11.8 10.1 26.0 30.4 21.7 25.2 Private creditors Interest (% 5.2 13.0 9.0 0.0 11.0 0.0 0.0 0.0 0.0 6.5 Maturity (years) 9.9 9.8 11.7 0.0 5.2 0.0 0.0 0.0 0.0 8.9 Grace period (years) 1.2 2.6 1.3 0.0 1.2 0.0 0.0 0.0 0.0 2.9 Grant element (%) 17.4 -15.2 3.3 0.0 -2.5 0.0 0.0 0.0 0.0 13.9 Memorandum items Commitments 33 196 66 176 76 358 184 89 154 III Official creditors 4 65 56 176 71 358 184 89 154 96 Private creditors 29 131 10 0 5 0 0 0 0 15 1O. COIRCULOLG1 oN ON O'UTNl IN .ON(,-TERMI DEB 1- 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 128 118 73 43 23 10 5 1 1 0 Principal 224 302 359 284 305 322 323 323 318 320 Interest 242 252 237 214 196 177 156 135 113 91 Official creditors Disbursements 118 110 70 43 23 10 5 1 1 0 Principal 206 284 336 261 283 301 309 316 317 319 Interest 232 243 229 208 192 174 154 134 113 91 Bilateral creditors Disbursements 46 45 27 15 9 5 2 1 1 0 Principal 169 242 280 199 224 241 252 261 266 277 Interest 195 204 190 171 157 143 127 110 93 75 Multilateral creditors Disbursements 72 66 44 27 14 6 3 1 0 0 Principal 38 43 56 62 59 60 57 55 51 42 Interest 37 39 40 38 35 31 27 23 20 17 Private creditors Disbursements 10 7 3 1 0 0 0 0 0 0 Principal 18 18 23 23 22 21 14 6 1 1 Interest 9 9 8 6 4 3 2 1 1 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 15 15 15 15 15 15 7 0 0 0 Interest 6 -5 4 3 2 1 0 0 0 0 Other private Disbursements 10 7 3 1 0 0 0 0 0 0 Principal 3 3 8 8 7 6 6 6 1 1 Interest 3 3 3 3 2 2 1 1 1 0 236 GAMBIA., THE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SL'NINL~.R E B'I 1) - r TOTAL DEBT STOCKS (EDT) .. 136.8 369.1 383.2 403.4 426.1 424.7 424.9 455.6 430.1 Long-term debt (LDOD) 5.1 97.3 308.4 322.5 346.3 350.3 369.8 384.3 415.7 406.9 Public and publicly guaranteed 5.1 97.3 308.4 322.5 346.3 350.3 369.8 384.3 415.7 406.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 16.2 44.9 40.2 35.6 33.2 31.3 25.8 17.6 10.2 Short-term debt .. 23.3 15.7 20.5 21.6 42.6 23.6 14.8 22.4 13.1 of which interest arrears on LDOD .. 0.3 0.6 0.5 0.6 0.6 0.6 0.7 0.0 0.1 Official creditors .. 0.2 0.6 0.5 0.6 0.6 0.6 0.7 0.0 0.1 Private creditors .. 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. 0.0 0.8 1.6 1.6 3.9 5.7 3.2 0.2 0.2 Official creditors .. 0.0 0.8 1.6 1.6 3.9 5.7 3.1 0.2 0.2 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 Memo: export credits ... 32.0 41.0 41.0 38.0 34.0 28.0 23.0 22.0 TOTAL DEBT FLOWS Disbursements 0.8 55.7 32.8 30.7 55.4 25.5 24.2 19.0 63.1 26.2 Long-term debt 0.8 51.2 23.5 29.4 55.4 25.5 24.2 19.0 63.1 26.2 IMF purchases 0.0 4.4 9.3 1.3 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.1 0.4 25.5 22.9 21.8 20.7 23.4 20.7 22.2 20.0 Long-term debt 0.1 0.4 20.2 16.8 18.6 18.3 19.5 14.4 14.7 13.6 IMF repurchases 0.0 0.0 5.3 6.0 3.1 2.4 3.9 6.2 7.4 6.4 Net flows on debt 0.7 55.3 15.4 12.7 34.6 25.8 -18.3 -10.5 49.1 -3.2 of which short-term debt ... 8.1 4.9 1.0 21.0 -19.0 -8.8 8.2 -9.4 Interest payments (INT) .. 3.8 12.2 8.0 7.8 7.2 7.6 6.0 5.8 6.9 Long-term debt 0.0 0.4 10.2 6.5 6.7 6.1 5.8 4.9 4.6 5.8 IMF charges 0.0 0.5 1.3 0.7 0.3 0.2 0.2 0.2 0.1 0.1 Short-term debt .. 2.9 0.8 0.9 0.9 1.0 1.6 0.9 1.1 1.1 Net transfers on debt .. 51.5 3.2 4.7 26.8 18.6 -25.9 -16.5 43.3 -10.2 Total debt service paid (TDS) .. 4.1 37.7 30.9 29.6 27.9 31.1 26.6 28.0 26.9 Long-term debt 0.1i 0.8 30.3 23.3 25.3 24.4 25.4 19.3 19.4 19.4 IMF repurchases and charges 0.0 0.5 6.7 6.7 3.4 2.6 4.1 6.4 7.6 6.4 Short-term debt (interest only) .. 2.9 0.8 0.9 0.9 1.0 1.6 0.9 1.1 1.1 2. AGGRE(;.ATE NE'TRESOtIRCEFl S N NEUTA FR%ILN TRM NET RESOURCE FLOWS 1.0 77.9 48.1 66.6 86.7 62.8 52.1 29.9 72.7 40.7 Net flow of long-term debt (ex. IMF) 0.7 50.9 3.4 12.6 36.7 7.2 4.7 4.5 48.4 12.5 Foreign direct investment (net) 0.1 0.0 0.0 10.0 6.0 11.1 9.8 7.8 11.0 12.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 0.2 27.0 44.7 44.0 44.0 44.5 37.6 17.6 13.3 16.2 Memo: technical coop. grants 0.6 12.5 25.1 27.0 30.0 27.2 25.1 23.4 18.7 16.9 official net resource flows 0.9 56.5 55.6 61.1 85.2 56.0 46.6 22.5 61.9 28.7 private net resource flows 0.1 21.3 -7.5 5.5 1.5 6.8 5.5 7.4 10.8 12.0 NET TRANSFERS 0.8 75.7 37.9 60.1 80.1 56.7 46.2 25.0 68.0 34.9 Interest on long-term debt 0.0 0.4 10.2 6.5 6.7 6.1 5.8 4.9 4.6 5.8 Profit remittances on FDI 0.2 1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers 0.9 56.1 50.1 56.1 79.3 50.4 41.0 17.6 57.3 22.9 private net transfers -0. 1 19.5 -12.2 4.0 0.7 6.4 5.3 7.4 10.8 12.0 3. M_kjOR EC'('ONOMIC MAG'GRE( A-lE I Gross national product (GNP) 52.3 237.0 291.3 302.4 342.2 361.6 357.9 377.1 385.4 399.7 Exports of goods & services (XGS) .. 66.2 169.7 227.2 232.7 242.4 220.3 181.0 226.0 232.7 of which workers remittances .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & services (MGS) .. 181.5 205.4 268.5 252.0 294.1 253.8 241.4 303.4 293.1 International reserves (RES) . .. .. .. Current account balance .. 86.9 23.4 13.2 37.2 -5.3 8.2 -8.2 -47.7 -23.6 4I. DEBI INDICA~TORS EDT /XGS (% . 206.6 217.5 168.6 173.4 175.8 192.8 234.7 201.6 184.8 EDT /GNP (% . 57.7 126.7 126.7 117.9 117.8 118.7 112.7 118.2 107.6 TDS / XGS I%) .. 6.2 22.2 13.6 12.7 11.5 14.1 14.7 12.4 11.6 INT /XGS (% . 5.7 7.2 3.5 3.4 3.0 3.5 3.3 2.6 3.0 INT /GNP (% . 1.6 4.2 2.7 2.3 2.0 2.1 1.6 1.5 1.7 RES EDT(% .. .. .. .. RES /MGS (months)... ..... . Short-term!/ EDT (%) .. 17.0 4.3 5.4 5.3 10.0 5.6 3.5 4.9 3.0 Concessional / EDT (% . 49.9 67.8 70.3 73.9 72.9 79.5 84.8 87.3 91.5 Multilateral / EDT (% . 29.9 55.0 56.2 62.9 64.1 71.5 76.8 72.0 75.9 237 GAMBIA, THE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LON(.-I'ERNI DFRHT DEBT OUTSTANDING (LDOD) 5.1 97.3 308.4 322.5 346.3 350.3 369.8 384.3 415.7 406.9 Public and publicly guaranteed 5.1 97.3 308.4 322.5 346.3 350.3 369.8 384.3 415.7 406.9 Official creditors 5.1 73.4 290.1 308.8 337.2 345.5 369.2 384.0 415.7 406.9 Multilateral 0.0 40.9 203.1 215.3 253.7 273.0 303.8 326.5 327.8 326.4 Concessional 0.0 35.8 183.3 194.4 229.0 248.4 279.0 305.7 310.3 313.0 Bilateral 5.1 32.5 87.0 93.5 83.5 72.5 65.5 57.5 87.8 80.5 Concessional 4.9 32.5 66.8 75.0 69.1 62.1 58.6 54.5 87.4 80.5 Private creditors 0.0 23.9 18.3 13.7 9.1 4.8 0.5 0.2 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 7.4 16.0 12.0 8.0 4.0 0.0 0.0 0.0 0.0 Other private 0.0 16.5 2.3 1.7 1.1 0.8 0.5 0.2 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 15.9 101.6 108.4 126.0 133.7 147.8 161.6 165.9 165.6 DISBURSEMENTS 0.8 51.2 23.5 29.4 55.4 25.5 24.2 19.0 63.1 26.2 Public and publicly guaranteed 0.8 51.2 23.5 29.4 55.4 25.5 24.2 19.0 63.1 26.2 Official creditors 0.8 29.6 23.5 29.4 55.4 25.5 24.2 19.0 63.1 26.2 Multilateral 0.0 18.3 17.7 16.3 52.4 25.3 21.7 19.0 22.4 23.1t Concessional 0.0 16.1 16.6 13.2 45.0 22.0 21.1 18.9 22.4 23.1 Bilateral 0.8 11.3 5.8 13.1 3.0 0.1 2.5 0.0 40.7 3.0 Concessional 0.8 11.3 5.8 13.1t 3.0 0.1 2.5 0.0 40.7 3.0 Private creditors 0.0 21.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 7.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 14.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 5.2 9.8 6.5 21.9 7.8 9.2 11.6 10.1 9.1 PRINCIPAL REPAYMENTS 0.1 0.4 20.2 16.8 18.6 18.3 19.5 14.4 14.7 13.6 Public and publicly guaranteed 0.1 0.4 20.2 16.8 18.6 18.3 19.5 14.4 14.7 13.6 Official creditors 0.1 0.0 12.7 12.3 14.2 14.0 15.2 14.1 14.5 13.6 Multilateral 0.0 0.0 4.7 5.7 5.1 5.2 5.5 6.6 6.3 6.6 Concessional 0.0 0.0 2.7 3.4 3.0 2.7 3.1 3.3 3.5 3.9 Bilateral 0.1 0.0 7.9 6.6 9.1 8.8 9.7 7.5 8.2 7.1 Concessional 0.1 0.0 7.9 5.1 5.4 5.1 5.8 3.4 5.7 6.6 Private creditors 0.0 0.3 7.5 4.5 4.5 4.3 4.3 0.4 0.2 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.1 3.0 4.0 4.0 4.0 4.0 0.0 0.0 0.0 Other private 0.0 0.3 4.5 0.5 0.5 0.3 0.3 0.4 0.2 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.3 0.4 0.4 0.5 0.6 0.8 1.0 1.3 NET FLOWS ON DEBT 0.7 50.9 3.4 12.6 36.7 7.2 4.7 4.5 48.4 12.5 Public and publicly guaranteed 0.7 50.9 3.4 12.6 36.7 7.2 4.7 4.5 48.4 12.5 Official creditors 0.7 29.5 10.9 17.1 41.2 11.5 9.0 4.9 48.6 12.5 Multilateral 0.0 18.2 13.0 10.6 47.3 20.1 16.2 12.4 16.1 16.6 Concessional 0.0 16.1 13.9 9.8 42.0 19.3 18.0 15.6 18.9 19.2 Bilateral 0.7 11.3 -2.1 6.5 -6.1 -8.6 -7.2 -7.5 32.5 -4.0 Concessional 0.7 11.3 -2.1 8.0 -2.4 -5.0 -3.3 -3.4 35.0 -3.6 Private creditors 0.0 21.3 -7.5 -4.5 -4.5 -4.3 -4.3 -0.4 -0.2 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 6.9 -3.0 -4.0 -4.0 -4.0 -4.0 0.0 0.0 0.0 Other private 0.0 14.4 -4.5 -0.5 -0.5 -0.3 -0.3 -0.4 -0.2 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 5.2 9.5 6.1 21.4 7.3 8.6 10.9 9.1 7.8 238 GAMBIA, THE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997_ INTEREST PAYMENTS (LINT) 0.0 0.4 10.2 6.5 6.7 6.1 5.8 4.9 4.6 5.8 Public and publicly guaranteed 0.0 0.4 10.2 6.5 6.7 6.1 5.8 4.9 4.6 5.8 Official creditors 0.0 0.4 5.5 5.0 5.9 5.6 5.6 4.9 4.6 5.8 Multilateral 0.0 0.4 2.9 2.9 3.3 3.3 3.5 3.5 3.4 3.4 Concessional 0.0 0.2 1.5 1.6 1.9 2.1 2.4 2.2 2.4 2.7 Bilateral 0.0 0.0 2.6 2.1 2.7 2.3 2.1 1.3 1.3 2.4 Concessional 0.0 0.0 2.6 1.6 1.5 1.4 1.4 0.9 1.1 2.4 Private creditors 0.0 0.0 4.7 1.5 0.8 0.4 0.2 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 3.8 1.3 0.7 0.4 0.2 0.0 0.0 0.0 Other private 0.0 0.0 0.9 0.1 0.1 0.1 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 (1. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.1 0.7 0.7 0.8 0.9 1.1 1.2 1.2 1.2 NET TRANSFERS ON DEBT 0.7 50.5 -6.8 6.1 30.1 1.1 -1.2 -0.4 43.7 6.7 Public and publicly guaranteed 0.7 50.5 -6.8 6.1 30.1 1.1 -1.2 -0.4 43.7 6.7 Official creditors 0.7 29.2 5.4 12.1 35.3 5.8 3.4 0.0 44.0 6.7 Multilateral 0.0 17.9 10.1 7.7 44.0 16.8 12.7 8.8 12.7 13.2 Concessional 0.0 15.9 12.4 8.2 40.1 17.2 15.6 13.4 16.5 16.5 Bilateral 0.7 11.3 -4.7 4.4 -8.7 -11.0 -9.3 -8.8 31.2 -6.4 Concessional 0.7 11.3 -4.7 6.5 -3.9 -6.4 -4.7 -4.2 33.9 -6.0 Private creditors 0.0 21.3 -12.1 -6.0 -5.2 -4.7 -4.6 -0.4 -0.2 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 6.9 -6.8 -5.3 -4.7 -4.4 -4.2 0.0 0.0 0.0 Other private 0.0 14.4 -5.4 -0.7 -0.6 -0.4 -0.4 -0.4 -0.2 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 5.1 8.8 5.4 20.6 6.3 7.5 9.7 7.9 6.6 DEBT SERVICE (LTDS) 0.1 0.8 30.3 23.3 25.3 24.4 25.4 19.3 19.4 19.4 Public and publicly guaranteed 0.1 0.8 30.3 23.3 25.3 24.4 25.4 19.3 19.4 19.4 Official creditors 0.1 0.4 18.2 17.3 20.1 19.6 20.8 18.9 19.1 19.4 Multilateral 0.0 0.4 7.7 8.6 8.4 8.5 9.0 10.1 9.7 10.0 Concessional 0.0 0.2 4.2 5.0 5.0 4.8 5.5 5.5 5.9 6.6 Bilateral 0.1 0.0 10.5 8.7 11.7 11.1 11.8 8.8 9.5 9.5 Concessional 0.1 0.0 10.5 6.6 6.9 6.5 7.2 4.2 6.8 9.0 Private creditors 0.0 0.4 12.1 6.0 5.2 4.7 4.6 0.4 0.2 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.1 6.8 5.3 4.7 4.4 4.2 0.0 0.0 0.0 Other private 0.0 0.3 5.4 0.7 0.6 0.4 0.4 0.4 0.2 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.1 1.0 1.1 1.3 1.4 1.7 1.9 2.2 2.5 UNDISBURSED DEBT 5.5 106.3 177.7 153.5 113.4 88.9 107.3 133.0 74.7 66.0 Official creditors 5.5 87.7 177.7 153.5 113.4 88.9 107.3 133.0 74.7 66.0 Private creditors 0.0 18.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD 4.9 68.3 250.1 269.4 298.2 310.5 337.6 360.2 397.7 393.5 Variable rate LDOD 0.0 7.6 17.6 13.6 9.5 5.3 0.9 0.6 0.2 0.0 Public sector LDOD 5.1 94.0 306.6 321.0 345.2 349.6 369.3 384.1 415.7 406.9 Private sector LDOD 0.0 3.4 1.8 1.4 1.0 0.7 0.5 0.2 0.0 0.0 6. CUIRRE NCY (I ONIPOSI HiON OF LONG-TERNI DEBT iPERCEN TI Deutsche mark 0.0 1.8 1.8 1.5 1.1 0.7 0.5 0.3 0.2 0.1 French franc 0.0 1.4 7.7 6.8 5.4 4.3 3.7 3.2 2.2 1.5 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 100.0 16.3 8.5 8.0 7.3 7.1 6.7 6.3 5.8 5.8 Swiss franc 0.0 0.5 1.3 1.1 0.7 0.5 0.4 0.2 0.0 0.0 U.S.dollars 0.0 32.4 39.1 38.3 38.7 39.3 40.0 43.0 49.5 50.7 MultfiPle CUrrency 0.0 7.0 19.8 18.8 21.9 2-3.2 24.4 24.8 21.9 21.4 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 All other currencies 0.0 40.6 21.9 25.6 24.9 24.9 24.3 22.2 20.3 20.4 239 GAMBIA, THE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. D)EBI RES'TRI cTURINGN Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S. 1) LB I S I'OC K- ' LO%% RECONL I LLATION Total change in debt stocks ... 31.0 14.1 20.3 22.7 -1.4 0.2 30.7 -25.5 Net flows on debt ... 15.4 12.7 34.6 25.8 -18.3 -10.5 49.1 -3.2 Net change in interest arrears ... -3.0 -0.1I 0.1 0.0 0.0 0.1 -0.7 0.1 Interest capitalized . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation .... l.5 -1.7 -10.5 -3.6 6.2 4.4 -1.3 -7.1 Residual ... 8.0 3.2 -3.9 0.5 10.6 6.2 -16.4 -15.2 9. A%~ ELR..(.E TERMiS OF NE%% C ONMIN W .L NJTS ALL CREDITORS Interest (% 0.7 3.9 0.8 2.0 0.8 0.7 0.9 3.5 0.4 1.0 Maturity (years) 49.7 16.3 35.1 19.6 49.8 39.6 44.4 21.3 27.2 46.7 Grace period (years) 10.4 4.9 10.0 5.9 10.3 10.1 10.0 6.2 7.1 9.8 Grant element (%) 83.3 37.3 76.6 54.3 82.8 80.4 80.3 45.7 71.3 79.5 Official creditors Interest (%) 0.7 1.7 0.8 2.0 0.8 0.7 0.9 3.5 0.4 1.0 Maturity (years) 49.7 18.8 35.1 19.6 49.8 39.6 44.4 21.3 27.2 46.7 Grace period (years) 10.4 5.7 10.0 5.9 10.3 10.1 10.0 6.2 7.1 9.8 Grant element (%) 83.3 52.8 76.6 54.3 82.8 80.4 80.3 45.7 71.3 79.5 Private creditors Interest (%) 0.0 7.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 12.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 3.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 11.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items COMMitMentS 2.1 72.9 37.9 5.9 20.6 12.3 39.8 40.3 9.9 21.6 Official creditors 2.1 45.7 37.9 5.9 20.6 12.3 39.8 40.3 9.9 21.6 Private creditors 0.0 27.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Ii. CONTRACTU.AL OBLI(A%TIONS ON 0L1I'S' -%NDIN(, LONG-TER%M DEBTr 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 19.2 15.7 11.0 7.9 5.4 3.4 2.4 0.8 0.1 0.0 Principal 17.5 17.2 14.7 15.6 15.1 13.5 13.3 13.4 13.5 14.2 Interest 5.6 5.4 5.2 5.0 4.7 4.4 4.2 4.0 3.8 3.5 Official creditors Disbursements 19.2 15.7 11.0 7.9 5.4 3.4 2.4 0.8 0.1 0.0 Principal 17.5 17.2 14.7 15.6 15.1 13.5 13.3 13.4 13.5 14.2 Interest 5.6 5.4 5.2 5.0 4.7 4.4 4.2 4.0 3.8 3.5 Bilateral creditors Disbursements 2.3 1.5 1.1 0.7 0.5 0.5 0.4 0.3 0.0 0.0 Principal 6.2 5.5 4.1 6.3 5.8 4.4 4.4 4.2 4.0 4.0 IntereSt 2.2 2.1 2.0 2.0 1.8 1.7 1.6 1.4 1.3 1.2 Multilateral creditors Disbursements 16.8 14.2 10.0 7.1 4.9 2.9 2.0 0.6 0.1 0.0 Principal 11.3 11.7 10.6 9.3 9.3 9.1 8.8 9.2 9.5 10.2 Interest 3.4 3.3 3.1 3.0 2.9 2.7 2.6 2.5 2.4 2.3 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IntereSt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 240 GEORGIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. I.'NfMt_R1 DEBT DArA TOTAL DEBT STOCKS (EDT) 79 559 1,411 1,191 1,357 1,446 Long-term debt (LDOD) 79 559 885 990 1,101 1,168 Public and publicly guaranteed .. .. 79 559 885 990 1,101 1,168 Private nonguaranteed .. .. 0 0 0 0 0 0 Use of IMF credit 0 0 41 116 192 255 Short-term debt 0 0 485 86 64 23 of which interest arrears on LDOD .. 0 0 15 62 43 19 Official creditors .. .. 0 0 15 54 30 18 Private creditors 0 0 0 8 14 1 Memo: principal arrears on LDOD .. .. 1 0 43 212 136 79 Official creditors .. .. 0 0 42 203 118 77 Private creditors I.. .. 0 1 9 19 2 Memo: export credits .. .. .. 48 78 89 106 100 84 TOTAL DEBT FLOWS Disbursements .. 21 124 140 163 172 157 Long-term debt .. .. 21 124 101 87 91 81 IMF purchases 0 0 40 76 81 76 Principal repayments 0 5 1 0 1 3 Long-term debt 0 5 1 0 1 3 IMF repurchases .. 0 0 0 0 0 0 Net flows on debt 21 120 609 -283 168 137 of which short-term debt .. 0 0 470 -446 -3 -17 Interest payments (INT) 0 8 5 20 12 43 Long-term debt .. .. .. .. 0 8 5 1 7 6 37 IMF chargcs .. .. .. .. 0 0 0 3 5 6 Short-term debt .. .. .. .. 0 0 0 0 1 1 Net transfers on debt 21 112 605 -303 156 94 Total debt service paid (TDS) 0 13 6 20 13 46 Long-term debt . .. .. .. 0 13 6 17 7 40 IMF repurchases and charges .. .. .. .. 0 0 0 3 5 6 Short-term debt (interest oniy) .. .. .. .. 0 0 0 0 1 1 2. A.d(RE(; TF NE fRESOL RCE I LOWS ND %ET'YRANSVFRS l_ONG-TER_li NET RESOURCE FLOWS 26 215 278 179 221 183 Net flow of long-term debt (ex. IMF) .. .. .. .. 21 120 100 87 90 78 Foreign direct investment (net) .. .. .. .. 0 0 6 8 40 50 Portfolio equity flows .. .. .. .. 0 0 0 0 0 0 Grants (excluding technical coop.) .. .. .. .. 5 95 172 85 91 55 Memo: technical coop. grants .. .. .. .. 0 6 3 37 46 22 official net resource flows .. .. .. .. 5 219 266 171 181 133 private net resource flows .. .. .. .. 21 -5 12 8 40 50 NET TRANSFERS 26 206 273 162 215 146 Interest on long-term debt .. .. .. .. 0 8 5 17 6 37 Profit remittances on FDI .. .. .. .. 0 0 0 0 0 0 Memo: official net transfers .. .. .. .. 5 215 261 154 175 96 private net transfers .. .. .. .. 21 -8 12 8 40 50 3. MAJOR ECONO.NIC.-AGGR.EGArES Gross national product (GNP) .. .. .. .. 4,941 3.224 2,510 2,916 4,433 5,250 Exports of goods & services (XGS) .. .. .. .. .. .. 473 485 515 720 of which workers remittances .. .. .. .. .. .. 0 0 0 0 Imports of goods & services (MGS) .. .. .. .. .. .. 924 890 932 1,255 International reserves (RES) .. .. .. .. .. .. .. Current account balance .. .. .. 4. DEBT INDIC-ATORS EDT / XGS (%) .. .. .. .. .. .. 298.3 245.5 263.5 200.9 EDT / GNP (%) .. .. .. .. 1.6 17.3 56.2 40.8 30.6 27.5 TDS /XGS(%) .. .. .. .. .. .. 1.3 4.1 2.5 6.4 INT ! XGS (%) .. .. .. .. .. .. 1.0 4.1 2.3 6.0 INT GNP (%) .. .. .. .. 0.0 0.3 0.2 0.7 0.3 0.8 RES,i EDT (%) .. .. .. .. .. .. .. RES i MGS (months) .. .. .. .. .. .. .. Short-term / EDT (%) .. .. .. .. 0.0 0.0 34.4 7.2 4.7 1.6 Concessional / EDT (%) .. .. .. .. 0.0 0.0 0.1 7.2 30.3 43.5 Multilateral / EDT (%) .. .. .. .. 0.0 17.2 10.0 19.6 22.2 23.8 241 GEORGIA (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 199.5 1996 1997 5. I ONG- r'ER'l DEBW! DEBT OUTSTANDING (LDOD) 79 559 885 990 1,101 1,168 Public and publicly guaranteed 79 559 885 990 1,101 1,168 Official creditors 0 489 786 882 1,002 1,160 Multilateral 0 96 141 234 302 344 Concessional 0 0 1 84 157 212 Bilateral 0 393 645 648 700 815 Concessional 0 0 0 2 254 417 Private creditors 79 70 98 108 100 9 Bonds 0 0 0 0 0 0 Commercial banks 1 1 0 0 0 0 Other private 78 69 98 108 100 9 Private nonguaranteed 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 IDA 0 0 1 84 157 212 DISBURSEMENTS 21 124 101 87 91 81 Public and publicly guaranteed 21 124 101 87 91 81 Official creditors 0 124 94 87 91 81 Multilateral 0 101 34 85 78 69 Concessional 0 0 1 85 76 64 Bilateral 0 24 60 2 13 11 Concessional 0 0 0 2 13 11 Private creditors 21 0 7 0 0 0 Bonds 0 0 0 0 0 0 Commercial banks 1 0 0 0 0 0 Other private 21 0 7 0 0 0 Private nonguaranteed 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 IDA 0 0 1 85 76 64 PRINCIPAL REPAYMENTS 0 5 1 0 1 3 Public and publicly guaranteed 0 5 1 0 1 3 Official creditors 0 0 0 0 1 3 Multilateral 0 0 0 0 0 0 Concessional 0 0 0 0 0 0 Bilateral 0 0 0 0 1 3 Concessional 0 0 0 0 0 3 Private creditors 0 5 1 0 0 0 Bonds 0 0 0 0 0 0 Commercial banks 0 0 1 0 0 0 Other private 0 5 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 IDA 0 0 0 0 0 0 NET FLOWS ON DEBT 21 120 100 87 90 78 Public and publicly guaranteed 21 120 100 87 90 78 Official creditors 0 124 94 87 90 78 Multilateral 0 101 34 85 78 69 Concessional 0 0 1 85 76 64 Bilateral 0 24 60 2 12 9 Concessioniat 0 0 0 2 13 9 Private creditors 21 -5 6 0 0 0 Bonds 0 0 0 0 0 0 Commercial banks I 0 -1 0 0 0 Other private 21 -5 7 0 0 0 Private nonguaranteed 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 IDA 0 0 1 85 76 64 242 GEORGIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0 8 5 17 6 37 Public and publicly guaranteed ..0 8 5 17 6 37 Official creditors ..0 5 5 17 6 37 Multilateral ...0 5 5 0 5 7 Concessional ...0 0 0 0 1 1 Bilateral ..0 0 0 17 1 29 Concessional ..0 0 0 0 0 14 Private creditors . .0 4 0 0 0 0 Bonds ... .0 0 0 0 0 0 Commercial banks . .0 0 0 0 0 0 Other private ...0 4 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 Bonds . ..0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 0 Memo: IBRD .. 0 0 0 0 0 0 IDA 0 0 0 0 1 1 NET TRANSFERS ON DEBT 21 112 95 70 84 41 Public and publicly guaranteed 21 112 95 70 84 41 Official creditors 0 120 89 70 84 4 1 Multilateral ..0 96 30 85 73 62 Concessional ..0 0 1 85 76 63 Bilateral ..0 24 60 -15 11 -21 Concessional ...0 0 0 2 13 -5 Private creditors ...21 -8 6 0 0 0 Bonds ..0 0 0 0 0 0 Commercial banks I. . 0 -1 0 0 0 Other private ..21 -8 7 0 0 0 Private nonguaranteed 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 Memo: IBRD .. 0 0 0 0 0 0 IDA 0 0 1 85 76 63 DEBT SERVICE (LTDS) 0 13 6 17 7 40 Public and publicly guaranteed 0 13 6 17 7 40 Official creditors 0 5 5 17 7 39 Multilateral ...0 5 5 0 5 7 Concessional ..0 0 0 0 1 1 Bilateral ...0 0 0 17 2 32 Concessional 0 0 0 0 0 16 Private creditors ..0 8 1 0 0 0 Bonds ......0 0 0 0 0 0 Commercial banks ......0 0 1 0 0 0 Other private ......0 8 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 Bonds ......0 0 0 0 0 0 Commercial banks ......0 0 0 0 0 0 Memo: IBRD ......0 0 0 0 0 0 IDA ......0 0 0 0 1 1 UNDISBURSED DEBT ... . 85 38 46 42 94 179 Official creditors ...... 85 38 46 42 94 179 Private creditors ......0 0 0 0 0 0 Memorandum items Concessional LDOD . . . .. 0 0 1 86 412 629 Variable rate LDOD . .. . .. 1 490 388 398 191 126 Public sector LDOD . .. . 79 559 885 990 1,101 1,168 Private sector LDOD ......0 0 0 0 0 0 6. C LiRRENCIt (ONIPOSITION OF LONG-TER-.% DEBI` WPIRCEND1- Deutsche mark ...... 0.0 0.0 0.8 0.9 1.9 2.5 French franc ...... 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yenD.. .. 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling ...... 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ...... 0.0 0.0 0.4 0.5 0.3 0.3 U.S.dollars . 1.1 70.5 72.6 73.3 76.4 79.1 Multiple currency ...... 0.0 0.0 0.0 0.0 0.0 0.0 Special drawing rights ...... 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies .... 98.9 29.5 26.2 25.3 21.4 18.1 243 GEORGIA (US$ million, uniless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7.DEBT RE-SiRL ("L'RING,S Total amount rescheduled 0 369 412 0 634 167 Debt stock rescheduled 0 0 201 0 394 96 Principal rescheduled 0 0 3 0 199 35 Official ...0 0 0 0 199 35 Private ..0 0 3 0 0 0 Interest rescheduled ..0 0 5 0 26 17 Official 0 0 0 0 26 5 Private ..0 0 5 0 0 1 1 Debt forgiven ..0 0 0 0 0 4 Memo: interest forgiven ..0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 of which debt buyback ..0 0 0 0 0 0 8. DEBT Sl0OCI-FLO%% RECONCILLNTiON Total change in debt stocks 480 852 -220 166 89 Net flows on debt ..120 609 -283 168 137 Net change in interest arrears 0 15 46 -18 -25 Interest capitalized 0 5 0 26 17 Debt forgiveness or reduction 0 0 0 0 -4 Cross-currency valuation ... .. . -12 24 22 -16 -30 Residual ... .. . 372 198 -5 7 -6 X1) [NERAGE T'ERMIS OF NE"l LONlIMITMENTS ALL CREDITORS Interest (%) ...... 4.1 4.0 4.3 0.8 0.8 0.7 Maturity (years) ...... 3.2 4.3 13.5 35.2 37.0 34.2 Grace period (years) ...... 3.2 3.6 3.9 10.5 11.2 9.6 Granit elemenit (%) ...... 15.3 18.7 32.0 79.2 80.2 78.3 Official creditors Interest (%) ...... 4.1 4.0 4.0 0.8 0.8 0.7 Maturity (years) ...... 3.2 4.3 13.7 35.2 37.0 34.2 Grace period (years) ...... 3.2 3.6 4.0 10.5 11.2 9.6 Grant element (%) ...... 15.4 18.7 33.5 79.2 80.2 78.3 Private creditors Interest (%) . .... 4.6 0.0 8.0 0.0 0.0 0.0 Maturity (years) ...... 1.6 0.0 9.8 0.0 0.0 0.0 Grace period (years) ...... 1.6 0.0 1.8 0.0 0.0 0.0 Grant element (%) . .... 7.5 0.0 7.6 0.0 0.0 0.0 Memorandum items Commitments . .... 92 77 112 80 146 175 Official creditors . .... 91 77 106 80 146 175 Private creditors . ....1 0 7 0 0 0 10). CO'NTIRA(i1 L..AL OBLIG vrio\%s ON JLirSTI %NDIN(; LONG-TrERM% D)ERT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL DisbUrsements 55 50 35 21 12 4 2 0 0 0 Principal 129 81 99 119 134 56 55 56 47 45 Interest 35 30 27 23 19 14 12 10 8 6 Official creditors Disbursements 55 50 35 21 12 4 2 0 0 0 Principal 129 80 98 118 133 55 55 55 47 45 Interest 34 30 27 23 18 14 12 10 8 6 Bilateral creditors Disbursements 15 13 9 5 3 1 1 0 0 0 Principal 79 79 96 116 132 53 53 52 42 37 Interest 30 28 25 21 16 12 10 8 6 4 Multilateral creditors Disbursements 40 37 26 16 9 3 1 0 0 0 Principal 50 2 2 2 2 2 2 3 5 8 Interest 4 2 2 2 2 2 2 2 2 2 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal I 1 1 1 1 1 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1 1 1 1 1 1 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 244 GHANA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 l.SI.WNlNlARY DEBT D1)AF.A TOTAL DEBT STOCKS (EDT) 1,398 3,873 4,371 4,499 4,878 5,459 5,857 6,136 5,982 Long-term debt (LDOD) 520 1,162 2,808 3,144 3,345 3,666 4,179 4,587 4,940 4,958 Public and publicly guaranteed 51-0 1,152 2,775 3,110 3,310 3,629 4,147 4,560 4,669 4,691 Private nonguaranteed 10 10 33 34 35 37 32 27 271 267 Use of IMF credit 46 105 745 834 740 738 700 649 543 347 Short-term debt .. 131 320 394 414 474 580 621 654 677 of which interest arrears on LDOD ..5 56 37 41 54 57 28 11 13 Official creditors ..4 45 18 19 24 19 22 2 5 Private creditors ..1 11 18 22 30 38 6 9 9 Memo: principal arrears on LDOD ..5 77 76 81 105 93 89 27 14 Official creditors ..3 50 39 43 64 50 46 4 8 Private creditors ..2 27 37 38 41 43 43 23 7 Memno: export credits ... 411 396 387 335 426 612 735 846 TOTAL DEBT FLOWS Disbursements 44 249 502 659 487 509 468 581 737 533 Long-term debt 42 220 436 499 487 444 468 540 697 533 IMF purchases 2 29 65 159 0 66 0 42 40 0 Principal repayments 39 106 260 189 198 186 248 309 330 363 Long-term debt 14 77 144 112 134 120 166 201 204 197 IMF repurchases 25 29 117 78 64 66 83 108 125 166 Net flows on debt 5 143 340 562 305 370 323 343 457 191 of which short-term debt ... 98 92 16 47 103 71 50 21 Interest payments (INT) .. 53 108 112 121 122 120 97 149 143 Long-term debt 12 31 59 66 81 85 84 59 105 109 IMF charges 0 4 37 29 20 14 11 10 7 5 Short-termn debt ..s1 12 17 19 22 26 28 36 29 Net transfers on debt .. 90 232 450 185 249 203 246 308 48 Total debt service paid (TDS) .. 159 368 301 319 308 368 406 478 506 Long-termn debt 26 108 203 178 216 205 249 260 310 306 IMF repurchases and charges 25 33 154 107 84 81 93 117 133 171 Short-termn debt (interest only) ..s1 12 17 19 22 26 28 36 29 2. ACC; RE( ;.TE NE r' RESOLURCE f LOWS AND NET' TRANSFERS L IONG-TER.M NET RESOURCE FLOWS 101 181 757 878 594 671 1,311 950 956 671 Net flow of long-term debt (ex. IMF) 28 143 293 388 353 324 302 338 493 336 Foreign direct investment (net) 68 16 15 20 23 125 233 107 120 130 Portfolio equity flows 0 0 0 0 0 0 557 267 124 46 Grants (excluding technical coop.) 6 23 449 470 218 222 218 238 219 159 Memo: technical coop. grants 15 42 62 82 103 98 88 108 97 115 official net resource flowvs 35 207 762 823 526 522 463 529 489 468 private net resource flows 66 -26 -5 55 68 150 848 421 467 203 NET TRANSFERS 77 135 691 804 504 577 1,217 871 820 522 Interest on long-term debt 12 3 1 59 66 81 85 84 59 105 109 Profit remittances on FDI 1 2 15 7 8 9 9 10 20 30 40 Memo: official net transfers 28 183 717 771 464 453 400 478 412 401 private net transfers 49 -48 -26 33 40 124 817 393 408 121 3. M'-JOR ECONONII( .%GGREGA %lESj Gross national product (GNP) 2.170 4,426 5,774 6,478 6,306 5.854 5,329 6,331 6,787 6,754 Exports of goods & services (XGS) .. 1,214 996 1,114 1,123 1,230 1,413 1,613 1,779 1,712 of which workers remittances ..1 6 6 7 10 16 17 28 28 Imports of goods & services (MGS) .. 1,264 1,624 1,782 1,963 2,229 7 2,123 2,263 2,557 2,798 International reserves (RES) 43 330 309 644 412 517 689 804 930 Current account balance .. 30 -223 -252 -377 -560 -255 -145 -324 4. DERT INDIC.%TORS EDT /XGS ().. 115.2 388.8 392.3 400.8 396.6 386.4 363.1 345.0 349.4 EDT! GNP ().. 31.6 67.1 67.5 71.3 83.3 102.4 92.5 90.4 88.6 TDS //XGS (%) .. 13.1 37.0 27.1 28.4 25.0 26.1 25.2 26.9 29.5 INT / XGS (I1) .. 4.4 10.8 10.1 10.8 9.9 8.5 6.0 8.4 8.4 INT/GNP (%) .. 1.2 1.9 1.7 1.9 2.1 2.3 1.5 2.2 2.1 RES /EDT (91) .. 23.6 8.0 14.7 9.1 10.6 12.6 13.7 15.2 RES /MGS (months) .. 3.1 2.3 4.3 2.5 2.7 3.9 4.3 4.4 Short-term / EDT (%) .. 9.4 8.3 9.0 9.2 9.7 10.6 10.6 10.7 11.3 Concessional!/ EDT (%) 55 s.2 54.8 54.5 57.2 59.3 61.2 63.6 63.9 66.5 Multilateral / EDT (91) .. 19.9 47.5 47.6 48.9 49.3 49.5 50.7 50.8 53.1 245 GHANA (US$ mnillion, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 7997 5. [ON;-TrERNM DEBI' DEBT OUTSTANDING (LDOD) 520 1,162 2,808 3,144 3,345 3,666 4,179 4,587 4,940 4,958 Public and publicly guaranteed 510 1,152 2,775 3,110 3,310 3,629 4,147 4,560 4,669 4,691 Official creditors 332 1,031 2,551 2,825' 3,013 3,321 3,760 4,110 4,239 4,255 Multilateral 53 279 1,838 2,083 2,200 2,404 2,700 2,971 3,118 3,179 Concessional 11 139 1,510 1,729 1,858 2,076 2,369 2,670 2,850 2,960 Bilateral 279 752 713 742 813 916 1.060 1,140 1,121 1,075 Concessional 236 633 611 653 716 818 974 1,054 1,069 1,015 Private creditors 178 121 224 285 297 308 387 450 430 437 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 12 0 10 6 5 5 36 119 173 187 Other private 166 121 214 279 292 303 352 331 257 250 Private nonguaranteed 10 10 33 34 35 37 32 27 271 267 Bonds 0 0 0 0 0 0 0 0 250 250 Commercial banks 10 10 33 34 35 37 32 27 21 17 Memo: IBRD 43 114 113 103 87 77 70 59 44 30 IDA 11 99 1,310 1,522 1,631 1,838 2,094 2,375 2,530 2,617 DISBURSEMENTS 42 220 436 499 487 444 468 540 697 533 Public and publicly guaranteed 42 220 428 490 480 437 468 540 447 533 Official creditors 39 220 377 417 385 367 345 408 370 394 Multilateral 4 50 273 265 248 252 224 284 287 291 Concessiontal 4 21 214 214 208 234 203 269 279 287 Bilateral 35 170 105 152 137 115 121 124 83 104 Concessional 35 93 95 147 110 108 121 120 74 87 Private creditors 3 0 51 73 96 70 123 132 77 138 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 9 0 3 3 30 87 62 53 Other private 3 0 42 73 92 67 93 46 15 85 Private nonguaranteed 0 0 8 9 7 7 0 0 250 0 Bonds 0 0 0 0 0 0 0 0 250 0 Commercial banks 0 0 8 9 7 7 0 0 0 0 Memo: IBRD 0 25 0 0 0 0 0 0 0 0 IDA 4 5 201 199 170 205 178 242 244 237 PRINCIPAL REPAYMENTS 14 77 144 1,12 134 120 166 201 204 197 Public and publicly guaranteed 14 77 136 104 128 115 161 196 198 193 Official creditors 9 35 65 64 77 68 100 117 100 85 Multilateral 2 4 29 40 44 41 51 73 54 51 Concessional 0 0 7 10 10 10 14 17 18 21 Bilateral 8 31 35 24 32 27 50 43 46 34 Concessional 7 14 33 20 23 22 42 39 38 26 Private creditors 5 42 71 40 52 47 61 80 98 108 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 22 17 4 4 2 1 2 19 32 Other private 5 20 55 36 48 45 59 78 79 76 Private nonguaranteed 0 0 8 8 6 5 5 5 6 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 8 8 6 5 5 5 6 4 Memo: IBRD 2 3 10 12 12 13 13 15 10 I11 IDA 0 0 2 3 3 4 6 8 10 12 NET FLOWS ON DEBT 28 143 293 388 353 324 302 338 493 336 Public and publicly guaranteed 28 143 293 387 352 322 307 343 249 340 Official creditors 29 185 313 353 308 299 245 291 270 309 Multilateral 3 47 244 225 203 211 173 211 233 239 Concessional 4 21 207 205 199 224 189 252 261 266 Bilateral 27 138 69 128 105 88 71 80 37 70 Concessional 28 79 62 128 87 86 79 82 36 61 Private creditors -2 -42 -20 34 44 23 63 52 -22 31 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -22 -8 -4 0 1 29 85 43 21 Other private -2 -20 -13 37 44 22 34 -33 -65 9 Private nonguaranteed 0 0 0 1 1 2 -5 -5 244 -4 Bonds 0 0 0 0 0 0 0 0 250 0 Commercial banks 0 0 0 1 1 2 -5 -5 -6 -4 Memo: IBRD -1 21 -10 -12 -12 -13 -13 -15 -10 -11 IDA 4 5 199 197 168 202 172 234 234 225 246 GHANA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 12 31 59 66 81 85 84 59 105 109 Public and publicly guaranteed 12 31 57 63 79 83 82 57 104 94 Official creditors 7 24 45 52 62 69 62 51 77 67 Multilateral 3 10 30 37 42 41 35 40 42 40 Concessional 0 1 10 12 15 15 16 18 21 21 Bilateral 4 14 15 15 21 28 27 12 35 27 Concessional 4 10 13 13 17 23 23 10 30 23 Private creditors 5 7 12 1 1 17 14 19 6 27 26 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 2 1 1 0 0 0 7 10 Other private 5 4 11 10 16 14 19 6 20 16 Private nonguiaranteed 0 0 2 3 2 3 2 2 1 15 Bonds 0 0 0 0 0 0 0 0 0 14 Commercial banks 0 0 2 3 2 3 2 2 1 1 Memo: IBRD 3 8 9 9 9 7 6 6 3 4 IDA 0 1 8 10 I 1 13 14 1 7 18 19 NET TRANSFERS ON DEBT 16 112 234 321 272 239 219 279 387 227 Public and publicly guaranteed 16 112 236 323 273 239 226 286 145 246 Official creditors 22 161 268 301 246 231 182 240 193 242 Multilateral 0 37 214 188 162 170 138 171 191 199 Concessional 4 20 197 193 184 208 173 234 240 245 Bilateral 22 124 54 113 84 60 44 69 2 43 Concessional 24 69 49 115 70 63 57 72 6 38 Private creditors -7 -48 -32 22 27 8 44 46 -49 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -24 -9 -4 -1 1 29 85 36 11 Other private -7 -25 -23 27 28 7 15 -38 -84 -7 Private nonguaranteed 0 0 -2 -2 -1 -1 -7 -7 243 -19 Bonds 0 0 0 0 0 0 0 0 250 -14 Commercial banks 0 0 -2 -2 -1 -1 -7 -7 -7 -5 Memo: IBRD -4 13 -20 -21 -21 -20 -20 -21 -13 -15 IDA 4 4 191 187 156 189 157 218 216 207 DEBT SERVICE (LTDS) 26 108 203 178 216 205 249 260 310 306 Public and publicly guaranteed 26 108 192 167 207 198 242 254 302 287 Official creditors 16 59 109 116 139 137 163 168 177 153 Multilateral 4 14 59 77 86 82 86 113 96 92 Concessional 0 1 17 22 24 26 31 35 39 42 Bilateral 12 46 50 39 53 55 77 55 81 61 Concessional 11 24 46 32 40 45 64 49 68 49 Private creditors 10 48 83 51 69 61 80 86 125 134 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 24 18 4 5 2 1 2 26 42 Other private 10 25 65 47 64 59 79 84 99 92 Private nonguaranteed 0 0 10 11 8 8 7 7 7 19 Bonds 0 0 0 0 0 0 0 0 0 14 Commercial banks 0 0 10 11 8 8 7 7 7 5 Memo: IBRD 4 11 20 21 21 20 20 21 13 15 IDA 0 1 10 12 14 17 21I 25 28 30 UNDISBURSED DEBT 76 431 1,674 1,545 1,700 1,738 1,806 2,012 1,652 1,337 Official creditors 76 431 1.565 1,433 1.561 1,583 1,585 1,730 1,497 1,214 Private creditors 0 0 109 111 139 155 222 282 155 123 Memorandum items Concessional LDOD 246 772 2,120 2,383 2,574 2.895 3,343 3,724 3,919 3,976 Variable rate LDOD 10 10 51 77 68 65 58 55 305 293 Public sector LDOD 510 1,125 2,775 3,110 3,310 3,629 4,147 4,560 4,669 4,691 Private sector LDOD 10 38 33 34 35 37 32 27 271 267 6. CURRENCYcomposrI-TIoN OF L.ONG-rER.M DE B f PLR(. E NT1i Deutsche mark 12.3 12.9 3.9 4.2 4.1 4.1 4.3 3.9 3.6 3.6 French franc 2.7 1.9 2.2 2.5 3.0 2.5 2.5 2.1 1.8 1.6 Japanese yen 0.0 0.1 6.7 9.1 10.1 11.4 13.2 13.5 12.6 11.8 Pound sterling 28.3 11.8 2.8 3.4 4.1 4.1 4.7 5.8 5.9 4.8 Swiss franc 0.0 0.0 0.4 0.2 0.2 0.0 0.0 0.0 0.0 0.0 U.S.dollars 22.5 38.7 58.8 56.3 55.8 56.8 55.0 56.2 58.3 61.2 Multiple currency 8.4 10.8 7.9 6.9 6.8 6.3 6.1 5.8 6.0 6.2 Special drawing rights 0.0 0.0 0.6 0.6 0.7 0.7 0.7 0.7 0.8 0.8 All other currencies 25.8 23.7 16.6 16.7 15.4 14.1 13.4 11.8 11.1 10.1 247 GHANA (US$ million, iunless otherwise inidicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 7. DEBTf RES'IRLIUI1LtRINGS Total amount rescheduled 0 59 0 40 0 0 0 0 74 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 2 0 14 0 0 0 0 47 0 Official 0 2 0 14 0 0 0 0 38 0 Private 0 0 0 0 0 0 0 0 9 0 Interest rescheduled 0 0 0 27 0 0 0 0 21 0 Official 0 0 0 27 0 0 0 0 20 0 Private 0 0 0 0 0 0 0 0 2 0 Debt forgiven ... 102 116 0 0 12 1 0 0 Memo: interest forgiven ...0 1 0 0 1 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8. DEBT SI0('K-FLO%% RE( (NCI LIA i10 N Total change in debt stocks ... 476 499 128 379 582 398 279 -154 Net flows on debt ... 340 562 305 370 323 343 457 191 Net change in interest arrears ... 17 -19 5 13 3 -29 -17 2 Interest capitalized ...0 27 0 0 0 0 21 0 Debt forgiveness or- reduction ... -102 -116 0 0 -12 -1 0 0 Cross-currency valuation ... 101 9 -84 3 149 26 -93 -159 Residual ... 120 36 -99 -7 118 59 -88 -189 9). -VERACETE RNIS OF N EW C O!lIMITME.NTS ALL CREDITORS Interest (%) 2.0 1.4 3.0 3.0 1.8 3.1 4.2 2.8 0.8 2.2 Maturity (years) 36.7 43.7 32.1 31.1 32.9 30.4 26.4 28.5 39.6 27.9 Grace period (years) 9.7 9.7 8.4 7.9 8.0 7.6 7.3 7.5 10.1 7.0 Granit element (%) 66.8 74.4 58.5 57.7 65.3 54.5 45.1 55.6 80.4 54.9 Official creditors Interest (%) 1.8 1.4 2.0 1.5 1.0 2.2 1.9 1.4 0.8 1.5 Maturity (years) 38.6 43.7 35.9 37.2 37.1 34.2 35.8 36.2 39.6 37.7 Grace period (years) 10.2 9.7 9.4 9.4 9.1 8.6 9.9 9.7 10.1 9.6 Grant element (%) 70.2 74.4 67.8 72.1 75.9 65.2 69.2 72.6 80.4 72.2 Private creditors Interest (%) 5.3 0.0 8.1 8.5 5.2 6.9 7.4 6.5 0.0 3.8 Maturity (years) 8.4 0.0 11.0 8.9 15.2 15.4 12.9 8.4 0.0 7.9 Grace period (years) 1.4 0.0 2.8 2.2 3.2 3.7 3.5 1.7 0.0 1.8 Grant element (%) 16.3 0.0 6.1 5.5 19.8 12.1 10.7 11.9 0.0 19.3 Memorandum items Commitments 51 170 676 362 720 496 433 709 275 354 Official creditors 48 170 573 284 583 396 254 511 275 238 Private creditors 3 0 102 78 136 100 179 198 0 116 10. CONTRACTI AL OBLYGA% lONS ON OUTiITA\DFIlG I.OiNG-TERM DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 464 377 241 140 68 27 17 3 1 0 Principal 218 229 239 218 209 452 195 192 171 171 Inteiest 114 Ill 105 98 91 76 63 56 51 46 Official creditors Disbursements 390 344 228 138 67 27 17 3 1 0 Principal 126 137 149 146 151 155 163 169 152 157 Interest 68 69 68 65 62 58 54 50 46 43 Bilateral creditors Disbursements 84 85 55 35 19 9 5 0 0 0 Principal 66 73 80 80 77 77 78 79 56 54 tnterest 30 30 29 27 25 23 20 18 16 15 Multilaterat creditors Disbursements 306 259 173 103 48 18 12 3 0 0 Principal 60 64 69 67 74 78 84 90 96 103 Interest 39 39 39 38 37 35 34 32 30 28 Private creditors Disbursements 74 32 13 3 0 0 0 0 0 0 Principat 92 92 90 71 58 297 32 24 20 15 Interest 46 42 37 33 29 18 9 6 5 3 Commercial banks Disbursements 34 13 5 2 0 0 0 0 0 0 Principal 40 43 45 33 23 18 14 10 6 4 Interest 12 1 1 9 6 5 3 2 1 1 0 Other private Disbursements 40 20 8 1 0 0 0 0 0 0 Principal 52 49 44 39 35 279 18 13 13 10 Interest 34 31 29 26 24 1 5 6 5 4 3 248 GRENADA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 TOTAIL DEBT STOCKS (EDT) .. 16.1 102.5 113.1 105.3 135.5 115.5 112.8 120.1 105.3 Long-term debt (LDOD) 7.6 12.3 89.9 99.7 94.1 92.5 100.1 98.4 99.6 92.4 Public and publicly guaranteed 7.6 12.3 89.9 99.7 94.1 92.5 100.1 98.4 99.6 92.4 Private nonguaranteed 0,0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 2.8 0.0 0.0 0.0 9.0 0.0 0.0 0.0 0.0 Short-term debt .. 1.0 12.6 13.4 11.3 43.0 15.4 14.4 20.6 12.9 of which interest arrears on LDOD .. 0.0 6.6 7.4 6.2 6.2 6.4 6.4 6.9 5.9 Official creditors .. 0.0 6.3 7.3 6.0 6.0 6.2 6.1 6.6 5.7 Private creditors .. 0.0 0.2 0.1 0.2 0.2 0.2 0.2 0.2 0.2 Memo: principal arrears on LDOD .. 0.0 15.4 16.7 17.5 17.8 18.7 19.0 20.1 17.0 Official creditors .. 0.0 14.4 15.7 16.6 16.9 17.8 18.4 19.6 16.6 Private creditor-s .. 0.0 1.0 1.1 0.9 0.9 1.0 0.5 0.5 0.4 Memo: export credits ... 23.0 22.0 19.0 25.0 18.0 4.0 4.0 13.0 TOTAL DEBT FLOWS Disbursements 3.0 1.7 14.6 15.5 7.6 4.5 10.7 3.3 4.9 3.8 Long-term debt 3.0 1.0 14.6 15.5 7.6 4.5 10.7 3.3 4.9 3.8 IMF purchases 0.0 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.0 1.6 1.7 2.0 3.8 5.2 5.2 4.8 5.9 6.5 Long-term debt 0.0 0.9 1.2 2.0 3.8 5.2 5.2 4.8 5.9 6.5 IMF repurehases 0.0 0.7 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 3.0 0.1 12.9 13.5 2.8 31.0 -22.3 -2.5 4.7 -9.4 of which short-term debt ... 0.0 0.0 -0.9 31.7 -27.8 -1.0 5.7 -6.7 Interest payments (INT) .. 0.7 1.5 1.5 1.9 2.8 2.9 2.1 3.0 2.5 Long-term debt 0.1 0.5 1.1 1.1 1.6 1.5 1.5 1.6 2.2 2.1 IMF charges 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.2 0.4 0.4 0.4 1.3 1.4 0.5 0.8 0.5 Net transfers on debt .. 0.6 11.4 12.0 0.9 28.2 -25.2 -4.5 1.7 -11.9 Total debt service paid (TDS) .. 2.3 3.2 3.4 5.7 7.9 8.1 6.8 8.9 9.0 Long-term debt 0.1 1.3 2.3 3.1 5.4 6.7 6.7 6.3 8.t 8.5 IMF repurchases and charges 0.0 0.8 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 0.2 0.4 0.4 0.4 1.3 1.4 0.5 0.8 0.5 2. 3LXGREC__ AT NE I RESOUIRCE FLOW~S AND NElIl RAkNS'f ERS iLONG. EEFRAII NET RESOURCE FLOWS 3.0 1.1 30.6 37.5 30.7 21.6 36.1 29.9 23.8 23.4 Net flow of long-term debt (ex. IMF) 3.0 0.1 13.4 13.5 3.7 -0.7 5.5 -1.5 -1.0 -2.7 Foreign direct investment (net) 0.0 0.0 13.0 15.0 23.0 20.0 19.3 24.0 20.0 22.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (exclud ing technical coop.) 0.0 1.0 4.2 9.0 4.0 2.3 11.3 7.4 4.8 4.1 Memo: technical coop. grants 0.0 0.7 2.9 4.0 4.0 3.9 3.4 3.8 2.5 3.3 official net resource flows 0.1 1.7 17.3 11.4 8.0 2.7 18.1 7.6 4.6 2.2 private net resource flows 2.8 -0.6 13.3 26.1 22.8 18.9 18.0 22.3 19.2 21.3 NET TRANSFERS 2.8 0.5 21.1 30.6 23.0 14.1 27.6 19.4 13.6 12.4 Interest on long-term debt 0.1 0.5 1.1 1.1 1.6 1.5 1.5 1.6 2.2 2.1 Profit remittances on FDI 0.0 0.2 8.4 5.8 6.2 6.0 7.0 9.0 8.0 9.0 Memo: official net transfers 0.1 1.4 16.3 10.5 6.5 1.2 16.6 6.2 2.5 0.2 private net transfers 2.7 -1.0 4.7 20.1 16.5 12.8 11.0 13.1 11.2 12.3 3. MIAJOR ECONONTIC AGGREGATEs, Gross national product (GNP) .. 81.4 209.2 234.7 245.6 241.7 253.7 262.8 284.2 Exports of goods & services (XGS) .. 39.1 105.5 111.9 113.4 123.2 145.1 149.8 156.9 of which workers remittances .. 0.0 9.9 10.9 10.7 10.1 13.5 19.8 21.0 Imports of goods & services (MGS) .. 63.1 153.2 158.9 147.0 170.3 169.3 182.3 2t132 International reserves (RES) . .. .. .. Current account balance .. 0.3 -46.2 -46.6 -32.3 -43.5 -')1.8 -35 .2 -57.9 4. DEBITINDICATORs EDT / XGS (1) .. 41.1 97.1 101.1 92.9 110.0 79.6 75.3 76.6 EDT:/GNP(1%) .. 19.8 49.0 48.2 42.9 56.1 45.5 42.9 42.3 TDS /XGS (1) .. 5.9 3.0 3.1 5.1 6.5 5.6 4.6 5.7 INT I/ XGS (12) .. 1.9 1.5 1.3 1.7 2.3 2.0 1.4 1.9 INT /GNP (12) .. 0.9 0.7 0.6 0.8 1.2 1.1 0.8 1.1 RES,/EDT(%)............ RES I/ MGS (months)I. .. . .. .. Short-r/ET%). 62 1.3 11.9 10.7 31.7 13.3 12.8 17.1 12.3 Concessional / EDT (%) 51 t.9 59.4 52.6 56.4 44.4 57.4 57.0 55.8 60.2 Multilateral / EDT (%l 3. 2.1 37.5 35.0 41.0 30.6 39.0 40.6 37.0 39.9 249 GRENADA (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. Lo(),-[IERNI DE B11 DEBT OUTSTANDING (LDOD) 7.6 12.3 89.9 99.7 94.1 92.5 100.1 98.4 99.6 92.4 Public and publicly guaranteed 7.6 12.3 89.9 99.7 94.1 92.5 100.1 98.4 99.6 92.4 Official creditors 2.5 9.7 87.6 85.8 82.9 82.7 91.1 91.1 92.6 86.4 Multilateral 0.0 5.2 38.4 39.6 43.2 41.4 45.1 4S.8 44.5 42.0 Concessional 0.0 4.2 35.5 36.8 40.5 39.4 42.7 41.4 40.0 37.4 Bilateral 2.5 4.6 49.2 46.2 39.7 41.2 46.0 45.3 48.1 44.3 Concessional 2.4 4.2 25.4 22.8 18.9 20.7 23.5 22.9 27.0 25.9 Private creditors 5.1 2.6 2.3 13.9 11.2 9.8 9.0 7.3 7.0 6.0 Bonds 5.1 2.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.7 0.6 0.5 0.6 0.6 0.4 0.3 0.3 Other private 0.0 0.5 1.6 13.3 10.7 9.2 8.5 6.9 6.7 5.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 5.5 7.1 6.8 6.9 7.2 7.3 7.2 7.1 DISBURSEMENTS 3.0 1.0 14.6 15.5 7.6 4.5 10.7 3.3 4.9 3.8 Public and publicly guaranteed 3.0 1.0 14.6 15.5 7.6 4.5 10.7 3.3 4.9 3.8 Official creditors 0.1 1.0 14.1 4.2 6.3 4.4 10.7 3.3 4.9 3.8 Multilateral 0.0 1.0 2.8 2.8 6.1 1.6 5.6 2.8 1.1 1.3 Concessional 0.0 0.0 2.8 2.8 5.8 1.4 5.2 0.7 0.7 0.6 Bilateral 0.1 0.0 11.3 1.3 0.3 2.8 5.1 0.5 3.9 2.5 Concessional 0.0 0.0 1.0 1.3 0.3 2.8 3.8 0.5 3.9 2.5 Private creditors 2.8 0.0 0.5 11.3 1.2 0.1 0.0 0.0 0.0 0.0 Bonds 2.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.5 11.3 1.2 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.0 1.5 0.0 0.0 0.0 0.0 0.2 0.3 PRINCIPAL REPAYMENTS 0.0 0.9 1.2 2.0 3.8 5.2 5.2 4.8 5.9 6.5 Public and publicly guaranteed 0.0 0.9 1.2 2.0 3.8 5.2 5.2 4.8 5.9 6.5 Official creditors 0.0 0.3 1.0 1.7 2.4 3.9 3.9 3.1 5.1 5.7 Multilateral 0.0 0.0 1.0 1.7 1.9 3.2 2.5 2.5 2.0 2.4 Concessional 0.0 0.0 0.8 1.6 1.6 2.5 2.3 2.3 1.7 1.9 Bilateral 0.0 0.3 0.1 0.1 0.5 0.7 1.4 0.6 3.2 3.4 Concessional 0.0 0.2 0.0 0.0 0.3 0.7 1.4 0.6 0.9 1.0 Private creditors 0.0 0.6 0.2 0.2 1.4 1.2 1.3 1.7 0.8 0.7 Bonds 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.2 0.1 0.0 Other private 0.0 0.0 0.1 0.1 1.4 1.2 1.3 1.5 0.7 0.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 NET FLOWS ON DEBT 3.0 0.1 13.4 13.5 3.7 -0.7 5.5 -1.5 -1.0 -2.7 Public and publicly guaranteed 3.0 0.1 13.4 13.5 3.7 -0.7 5.5 -1.5 . 1.0 .2.7 Official creditors 0.1 0.7 13.1 2.4 4.0 0.4 6.8 0.2 -0.2 -1.9 Multilateral 0.0 1.0 1.9 1.1 4.2 -1.7 3.1 0.4 -0.9 -1.0 Concessional 0.0 0.0 2.1 1.2 4.1 -1.1 2.9 -1.6 -1.1 -1.3 Bilateral 0.1 -0.3 11.2 1.3 -0.2 2.1 3.7 -0.1 0.7 -0.9 Concessional 0.0 .0.2 1.0 1.3 0.0 2.1 2.4 -0. 1 3.0 1.5 Private creditors 2.8 -0.6 0.3 11.1 -0.2 -1.1 -1.3 -1.7 -0.8 -0.7 Bonds 2.8 -0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 -0.1I -0. 1 0.0 0.1 0.0 -0.2 -0.1I 0.0 Other private 0.0 0.0 0.4 11.2 -0.2 -1.2 -1.3 -1.5 -0.7 -0.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.0 1.5 0.0 0.0 0.0 -0. 1 0.2 0.3 250 GRENADA (US$ miillion, unless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0.1 0.5 1.1 1.1 1.6 1.5 1.5 1.6 2.2 2.1 Public and publicly guaranteed 0.1 0.5 1.1 1.1 1.6 1.5 1.5 1.6 2.2 2.1 Official creditors 0.0 0.3 1.0 0.9 1.5 1.5 1.5 1.4 2.1 2.0 Multilateral 0.0 0.2 1.0 0.7 1.0 1.3 1P2 1.2 1.3 1.2 Concessional 0.0 0.2 0.9 0.7 0.9 1.2 1.2 1.1 1.0 0.9 Bilateral 0.0 0.1 0.0 0.2 0.6 0.2 0.2 0.2 0.9 0.8 Concessional 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.3 0.4 Private creditors 0.1 0.2 0.2 0.2 0.1 0.1 0.0 0.2 0.0 0.0 Bonds 0.1 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Otlher private 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.1 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 NET TRANSFERS ON DEBT 2.8 -0.3 12.3 12.4 2.2 2.22 4.0 -3.0 -3.2 -4.7 Public and publicly guaranteed 2.8 -0.3 12.3 12.4 2.2 -2.2 4.0 -3.0 -3.2 -4.7 Official creditors 0.1 0.4 12.1 1.5 2.5 -1.1 5.3 -1.2 -2.3 -3.9 Multilateral 0.0 0.8 0.9 0.4 3.2 -2.9 1.8 -0.8 -2.2 -2.2 Concessional 0.0 -0.2 1.1 0.4 3.2 -2.3 1.7 -2.6 -2.1 -2.2 Bilateral 0.1 -0.4 11.2 1.1 -0.8 1.9 3.5 -0.3 -0.2 -1.7 Concessional 0.0 -0.2 1.0 1.3 0.0 2.1 2.3 -0.3 2.6 1.1 Private creditors 2.7 -0.7 0.2 10.9 -0.3 -1.2 -1.3 -1.9 -0.8 -0.8 Bonds 2.7 -0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 -0.3 -0.2 -0.1I 0.1 -0.1 -0.2 -0. 1 -0.1 Other private 0.0 0.0 0.4 11.1 -0.2 -1.2 -1.3 -1.7 -0.7 -0.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.9 1.5 0.0 -0.1I -0.1I -0.1I 0.1 0.2 DEBT SERVICE (LTDS) 0.1 1.3 2.3 3.1 5.4 6.7 6.7 6.3 8.1 8.5 Public and publicly guaranteed 0.1 1.3 2.3 3.1 5.4 6.7 6.7 6.3 8.1 8.5 Official creditors 0.0 0.6 2.0 2.6 3.9 5.4 5.4 4.4 7.3 7.8 Multilateral 0.0 0.2 1.9 2.4 2.8 4.5 3.7 3.6 3.2 3.6 Concessional 0.0 0.2 1.7 2.3 2.5 3.7 3.5 3.3 2.7 2.8 Bilateral 0.0 0.4 0.1 0.2 1.1 0.9 1.7 0.8 4.0 4.2 Concessional 0.0 0.2 0.0 0.0 0.3 0.7 1.4 0.8 1.2 1.3 Private creditors 0.1 0.7 0.3 0.4 1.5 1.3 1.3 1.9 0.8 0.8 Bonds 0.1 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.3 0.2 0.1 0.0 0.1 0.2 0.1 0.1 Other private 0.0 0.0 0.1 0.3 1.4 1.2 1.3 1.7 0.7 0.7 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 UNDISBURSED DEBT 1.0 7.3 12.9 18.2 16.6 14.5 16.1 12.7 15.4 11.2 Official creditors 1.0 7.3 12.9 16.9 16.6 14.5 16.1 12.7 15.4 11.2 Private creditors 0.0 0.0 0.0 1.3 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD 2.4 8.3 60.9 59.5 59.4 60.1 66.3 64.4 67.0 63.4 Variable rate LDOD 0.0 0.0 13.4 12.9 10.5 10.4 10.9 10.6 11.5 11.2 Public sector LDOD 7.6 12.3 89.9 99.7 94.1 92.5 100.1 98.4 99.6 92.4 PriVate Sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CUiRRENC1 U)NIPO% I 'lON OF LONG-1rER'l IIFBT iPERCENT1- Deutsche mark 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc 0.0 0.0 0.0 0.0 0.0 0.5 1.7 2.0 2.2 2.2 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 100.0 48.0 31.4 40.6 34.4 34.7 31.6 30.0 31.5 29.9 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 0.0 46.4 61.1 52.8 59.3 58.8 61.6 63.6 59.8 59.8 Multiple currency 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Special drawing rights 0.0 0.0 2.3 2.2 2.2 2.3 1.8 1.4 1.2 1.0 All other currencies 0.0 5.7 5.2 4.5 4.0 3.7 3.5 2.9 5.2 7.3 251 GRENADA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RESYRL:CTUiRlNUS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 3.6 0.8 0.0 0.0 0.6 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. lDEB STOCl*lK-FLO%% RECONI )(L-IAION Total change in debt stocks . . 21.0 10.6 -7.8 30.1 -19.9 -2.7 7.3 -14.8 Net flows on debt ... 12.9 13.5 2.8 31.0 -22.3 -2.5 4.7 -9.4 Net change in interest arrears ... 2.0 0.9 -1.3 0.0 0.2 0.0 0.5 -0.9 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 -3.6 -0.8 0.0 0.0 -0.6 0.0 0.0 Cross-currency valuation ... 6.1 -1.4 -6.7 -0.9 2.0 0.1 2.7 -1.3 Residual ... -1.0 1.2 -1.8 0.0 0.1 0.3 -0.5 -3.3 if. A'. ERAGE I EI'INIS OF NE%'. (O-NI NHTMEN I S ALL CREDITORS Interest (% 7.4 1.6 4.8 1.1 2.9 3.9 4.8 0.0 3.6 0.0 Maturity (years) 12.7 14.4 11.2 23.2 31.8 22.1 17.0 0.0 24.9 0.0 Grace period (years) 12.7 4.6 2.1 4.2 8.7 1.3 4.0 0.0 6.9 0.0 Grant element (%) 17.0 43.8 22.9 51.9 57.7 37.0 31.1 0.0 48.7 0.0 Official creditors Interest (%) 0.0 1.6 4.8 2.7 2.9 3.8 4.8 0.0 3.6 0.0 Maturity (years) 29.5 14.4 11.2 37.6 31.8 22.8 17.0 0.0 24.9 0.0 Grace period (years) 29.5 4.6 2.1 9.8 8.7 1.3 4.0 0.0 6.9 0.0 Grant element (%) 94.0 43.8 22.9 62.4 57.7 38.4 31.1 0.0 48.7 0.0 Private creditors Interest (% 7.5 0.0 0.0 0.0 0.0 8.3 0.0 0.0 0.0 0.0 Maturity (years) 12.5 0.0 0.0 13.4 0.0 3.6 0.0 0.0 0.0 0.0 Grace period (years) 12.5 0.0 0.0 0.4 0.0 0.1 0.0 0.0 0.0 0.0 Grant element (%) 16.1 0.0 0.0 44.7 0.0 3.4 0.0 0.0 0.0 0.0 Memorandum items Commitments 2.8 7.3 11.9 21.1 7.5 2.6 13.5 0.0 7.7 0.0 Official creditors 0.0 7.3 11.9 8.5 7.5 2.5 13.5 0.0 7.7 0.0 Private creditors 2.8 0.0 0.0 12.6 0.0 0.1 0.0 0.0 0.0 0.0 Ii). CON IRA(' Lt XL OBLGAI(.%ION'S ON OULIThT.%ND)ING L-ONG-TERM DEBI 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 3.4 3.1 2.5 1.8 0.4 0.0 0.0 0.0 0.0 0.0 Th-'incipal 7.5 7.5 6.7 5.7 5.6 5.4 5.1 4.5 3.7 3.7 Interest 1.9 1.8 1.7 1.6 1.4 1.3 1.1 1.0 0.8 0.7 Official creditors Disbursements 3.4 3.1 2.5 1.8 0.4 0.0 0.0 0.0 0.0 0.0 Principal 6.8 6.8 6.0 5.0 4.9 4.6 4.3 4.2 3.7 3.6 Interest 1.9 1.8 1.6 1.5 1.4 1.2 1.1 1.0 0.8 0.7 Bilateral creditors Disbursements 1.5 1.0 0.5 0.3 0.2 0.0 0.0 0.0 0.0 0.0 Principal 3.9 3.9 2.9 1.7 1.7 1.7 1.7 1.7 1.6 1.6 Interest 0.7 0.6 0.5 0.4 0.4 0.4 0.3 0.3 0.2 0.2 Multilateral creditors Disbursements 1.9 2.1 2.1 1.5 0.2 0.0 0.0 0.0 0.0 0.0 Principal 2.9 2.9 3.1 3.2 3.2 2.9 2.6 2.5 2.1 2.1 Interest 1.2 1.2 1.1 1.1 1.0 0.9 0.8 0.7 0.6 0.5 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.3 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.3 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 252 GUATEMALA (US$ miillion, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SL NIMARI DEB[f DA-T.A TOTAL DEBT STOCKS (EDT) 1,180 3,080 3,092 3,051 3,190 3,430 3,654 3,775 4,086 Long-term debt (LDOD) 120 845 2,605 2,611 2,518 2,676 2,900 2,966 2,876 2,937 Public and publicly guaranteed 106 563 2,478 2A484 2,376 2,494 2,739 2,824 2,755 2,834 Private nonguaranteed 14 282 127 127 141 183 161 142 121 103 Use ofIMF credit 0 0 67 64 31 0 0 0 0 0 Short-term debt 335 409 417 502 514 531 688 898 1,149 of wbicb interest arrears on LDOD 0 202 210 226 73 92 96 104 98 Official creditors 0 47 33 30 29 33 34 40 37 Private creditors 0 155 178 196 44 58 63 63 61 Memo: principal arrears on LDOD 0 308 391 387 347 429 474 522 496 Official creditors 0 102 124 67 131 150 160 188 146 Private creditors 0 206 267 320 216 279 314 335 349 Memo: export credits ..545 570 486 400 418 383 354 512 TOTAL DEBT FLOWS Disbursements 43 173 165 194 227 132 336 236 158 323 Long-term debt 43 173 165 194 227 132 336 236 158 323 IMF purchases 0 0 0 0 0 0 0 0 0 0 Principal repayments 30 78 102 158 364 191 180 198 194 201 Long-term debt 22 78 90 155 332 160 180 198 194 201 IMF repurchases 8 0 12 3 32 31 0 0 0 0 Net flows on debt 13 96 67 36 -68 106 153 191 167 378 of which short-term debt ..4 0 69 165 -2 153 203 256 Interest payments (INT) 67 112 132 174 115 127 152 161 162 Long-term debt 7 60 88 113 161 96 104 120 120 106 IMF charges 0 0 7 6 4 1 0 0 0 0 Short-term debt ..8 16 14 9 18 23 32 41 55 Net transfers on debt 29 -45 -96 -241 -10 27 39 6 217 Total debt service paid (TDS) 145 214 290 537 306 307 350 355 362 Long-term debt 29 137 179 267 493 256 284 318 314 307 IMF repurchases and cbarges 8 0 19 8 35 32 0 0 0 0 Short-term debt (interest only) ..8 16 14 9 18 23 32 41 55 2. AGGREG XTE NET RE-S)OURCE I'LOWS AND NE I` TRAINSFERS ILONG- rERNI i NET RESOURCE FLOWS 53 221 192 202 84 198 310 218 172 373 Net flow of long-term debt (ex. IMF) 21 96 75 39 -105 -28 155 38 -36 122 Foreign direct investment (net) 29 Ill 48 91 94 143 65 75 77 90 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 2 14 69 72 95 83 89 105 131 161 Memo: technical coop. grants 9 18 90 88 86 95 73 98 89 134 official net resource flows 9 130 148 118 -4 44 203 130 166 207 private net resource flows 44 91 44 84 88 154 107 88 6 166 NET TRANSFERS 16 117 67 45 -113 58 161 42 -8 196 Interest on long-term debt 7 60 88 113 161 96 104 120 120 106 Profit remittances on FDI 30 44 37 44 36 44 45 55 60 71 Memo: official net transfers 6 101 95 41 -135 -25 124 43 75 120 private net transfers 9 17 -29 5 22 83 37 -1 -83 76 3. MA.JOR EC'ONM)cM-(- 'GREG A'iES Gross national product (GNP) 1,866 7,834 7,494 9,300 10,329 11,293 12,841 14,484 15,473 17,593 Exports of goods & services (XGS) .. 1,834 1,695 1,892 2,154 2,290 2,574 3,228 3,212 3,667 of which workers remittances ..0 107 139 187 205 263 358 375 408 Imports of goods & services (MGS) .. 2,107 2,028 2,196 3,063 3,150 3,385 3,933 3,810 4.490 International reserves (RES) 79 753 362 881 806 950 943 783 948 1,173 Current account balance .. 163 -213 -184 -706 -702 -625 -572 -452 -624 4. DEBIT INDICA%TORS EDT XGS (% . 64.3 181.7 163.4 141.7 139.3 133.3 113.2 117.5 111.4 EDT /GNP (% . 15.1 41.1 33.2 29.5 28.2 26.7 25.2 24.4 23.2 TDS ..'XGS (%) .. 7.9 12.6 15.3 25.0 13.4 11.9 10.8 11.0 9.9 INT, XGS (%i) .. 3.7 6.6 7.0 8.1 5.0 4.9 4.7 5.0 4.4 INT /GNP (%) .. 0.9 1.5 1.4 1.7 1.0 1.0 1.1 1.0 0.9 RES /EDT (%) .. 63.8 11.7 28.5 26.4 29.8 27.5 21.4 25.1 28.7 RES /MGS (months) .. 4.3 2.1 4.8 3.2 3.6 3.3 2.4 3.0 3.1 Short-term!/ EDT (%) .. 28.4 13.3 13.5 16.5 16.1 15.5 18.8 23.8 28.1 Concessionat I EDT (%) .. 21.1 22.5 25.5 26.9 36.6 36.6 35.6 33.7 31.5 Multilateral,' EDT (%) .. 30.9 33.7 32.4 30.7 27.7 29.1 27.7 27.6 25.3 253 GUATEMALA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-YERI DEBW[ DEBT OUTSTANDING (LDOD) 120 845 2,605 2,611 2,518 2,676 2,900 2,966 2,876 2,937 Public and publicly guaranteed 106 563 2,478 2,484 2,376 2,494 2,739 2,824 2,755 2,834 Official creditors 54 548 1,702 1,715 1,630 1,935 2,113 2,165 2,149 2,135 Multilateral 33 364 1,039 1,003 937 884 997 1,012 1,044 1,036 Concessional 13 153 335 340 338 336 366 371 379 383 Bilateral 21 183 663 712 693 1,051 1,116 1,153 1,105 1,099 Concessional 21 96 359 449 482 831 891 930 893 903 Private creditors 52 15 776 769 747 558 626 659 607 699 Bonds 14 0 190 176 158 144 220 264 231 337 Commercial banks 36 14 166 173 172 157 150 140 126 116 Other private 3 1 420 420 417 257 257 255 250 245 Private nonguaranteed 14 282 127 127 141 183 161 142 121 103 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 14 282 127 127 141 183 161 142 121 103 Memo: IBRD 14 144 293 279 213 178 177 158 200 188 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 43 173 165 194 227 132 336 236 158 323 Public and publicly guaranteed 37 141 158 191 197 70 336 236 158 323 Official creditors 12 128 128 169 162 64 235 163 158 173 Multilateral 9 80 68 72 95 30 151 87 143 98 Concessional 5 35 20 20 13 11 42 19 24 19 Bilateral 2 48 59 97 66 34 84 76 15 74 Concessional 2 23 54 97 28 9 60 56 6 56 Private creditors 26 13 30 22 36 7 101 73 1 150 Bonds 0 0 0 0 2 0 89 59 0 150 Commercial banks 25 13 14 20 32 7 9 2 0 0 Other private 0 0 16 2 2 0 3 12 1 0 Private nonguaranteed 6 32 7 3 30 62 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 6 32 7 3 30 62 0 0 0 0 Memo: IBRD 4 39 17 4 49 1 29 13 69 1 7 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 22 78 90 155 332 160 180 198 194 201 Public and publicly guaranteed 20 15 87 152 317 140 158 179 173 183 Official creditors 5 12 49 123 261 103 122 137 122 127 Multilateral 3 12 28 110 159 87 86 90 75 71 Concessional 0 1 6 14 19 13 14 14 16 14 Bilateral 2 1 21 13 102 16 35 48 47 56 Concessional 2 1 2 4 12 11 15 22 30 25 Private creditors 16 3 39 29 56 37 37 41 51 56 Bonds 8 0 11 14 20 14 14 15 33 44 Commercial banks 6 1 24 13 34 21 16 11 14 8 Other private 1 2 4 2 2 2 7 15 4 4 Private nonguaranteed 2 62 3 3 16 20 22 19 21 18 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 62 3 3 16 20 22 19 21 18 Memo: IBRD 2 4 5 21 107 40 44 40 13 1 2 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 21 96 75 39 -105 -28 155 38 -36 122 Public and publicly guaranteed 17 126 71 39 -119 -70 177 57 -15 140 Official creditors 7 116 79 46 -99 -40 11t3 26 35 46 Multilateral 6 69 40 -38 -64 -57 65 -3 68 27 Concessional 5 33 14 6 -6 -2 27 4 9 5 Bilateral 1 47 38 84 -35 18 48 29 -32 19 Concessional 1 23 52 92 16 -2 45 34 -24 31 Private creditors 10 10 -8 -7 -20 -30 64 31 -50 94 Bonds -8 0 -11 -14 -18 -14 75 44 -33 106 Commercial banks 19 11 -10 7 -2 -14 -8 -10 -14 -8 Other private - l -2 1 2 0 0 -2 -4 -3 -3 -4 Private nonguaranteed 4 -30 4 0 14 42 -22 -19 -21 -18 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 4 -30 4 0 14 42 -22 -19 -21 -18 Memo: IBRD 2 35 11 -17 -58 -39 -15 -26 56 4 IDA 0 0 0 0 0 0 0 0 0 0 254 GUATEMALA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 7 60 88 113 161 96 104 120 120 106 Public and publicly guaranteed 6 30 78 103 153 89 98 115 116 102 Official creditors 3 29 52 78 131 69 79 87 91 87 Multilateral 2 21 33 58 92 54 53 52 58 55 Concessional 0 3 4 8 7 7 7 8 8 7 Bilateral 1 9 19 19 39 15 26 35 33 32 Concessional 1 3 4 9 9 12 20 26 27 25 Private creditors 4 0 26 25 22 20 19 28 25 15 Bonds 1 0 18 18 16 15 13 23 21 13 Commercial banks 2 0 6 5 4 4 3 3 2 1 Other private 0 0 3 2 1 2 2 3 2 1 Private nonguaranteed 1 30 10 10 8 7 6 5 4 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 30 10 10 8 7 6 5 4 4 Memo: IBRD I I11 4 9 53 16 16 14 14 14 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 14 36 -13 -74 -266 -124 52 -82 -155 16 Public and publicly guaranteed it 96 -8 -64 -272 -159 80 -58 -130 37 Official creditors 4 86 26 -32 -230 -109 34 -61 -56 -41 Multilateral 5 48 7 -96 -156 -111 12 -55 9 -28 Concessional 4 31 10 -2 -13 -9 20 -3 0 -3 Bilateral 0 38 19 64 -74 3 23 -6 -65 -13 Conicessional 0 19 49 84 7 -14 25 7 -51 6 Private creditors 6 10 -34 -32 -42 -50 45 3 -75 79 Bonds -10 0 -28 -32 -34 -29 62 22 -54 93 Commercial banks 17 11 -15 1 -7 -18 -11 -13 -16 -9 Other private -1 -2 9 -2 -l1 -4 -6 -6 -5 -5 Private nonguaranteed 3 -60 -6 -10 7 35 -28 -24 -25 -22 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 -60 -6 -10 7 35 -28 -24 -25 -22 Memo: IBRD 1 24 8 -26 -111 -55 -31 -40 42 -10 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 29 137 179 267 493 256 284 318 314 307 Public and publicly guaranteed 26 45 166 254 469 229 256 294 289 285 Official creditors 7 42 101 201 392 172 201 224 213 214 Multilateral 4 32 61 168 251 141 139 142 133 126 Concessional 0 4 10 22 26 20 22 22 24 21 Bilateral 3 10 40 33 141 31 61 82 80 88 Concessional 3 4 6 13 21 23 35 49 57 50 Private creditors 19 3 64 54 78 57 55 69 75 71 Bonds 10 0 28 32 36 29 27 38 54 57 Commercial banks 8 2 29 18 39 25 19 14 16 9 Other private 1 2 7 3 3 4 9 17 6 5 Private nonguaranteed 3 92 13 13 24 27 28 24 25 22 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 92 13 13 24 27 28 24 25 22 Memo: IBRD 3 15 9 31 160 56 60 53 27 26 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 70 507 802 688 838 818 659 506 609 496 Official creditors 59 397 741 633 654 640 580 498 603 494 Private creditors 10 110 61 54 185 178 79 7 6 2 Memorandum items Concessional LDOD 34 249 694 788 820 1,167 1,256 1,301 1,272 1,286 Variable rate LDOD 25 296 409 408 449 514 662 715 722 702 Public sector LDOD 106 563 2,475 2,481 2,374 2,494 2,739 2,824 2,755 2,834 Private sector LDOD 15 282 130 130 144 183 161 142 121 103 6. CURRENCI CONMPosri io% OF LONG-TFERM DEBTl'iPERt EN T'i Deutsche mark 0.0 0.0 1.6 2.0 2.1 2.2 2.4 3.0 3.1 3.0 French franc 0.0 0.0 0.7 0.7 0.8 2.0 1.9 2.0 1.9 1.7 Japanese yen 0.0 0.0 0.0 1.9 2.0 2.1 2.2 2.0 1.8 2.4 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.4 0.4 0.3 U.S.dollars 76.2 19.3 56.1 57.1 58.8 61.4 61.1 62.0 62.0 65.2 Multiple currency 23.8 80.6 41.1 37.7 35.6 31.8 32.0 30.2 30.6 27.2 Special drawing rights 0.0 0.0 0.0 0.0 0.1 0.1 0.2 0.1 0.1 0.1 All other currencies 0.0 0.1 0.4 0.5 0.5 0.2 0.1 0.1 0.0 0.0 255 GUATEMALAI (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEB7I RESTRI.VTURINGS Total amount rescheduled 0 0 30 0 0 366 0 0 0 0 Debt stock rescheduled 0 0 8 0 0 0 0 0 0 0 Principal rescheduled 0 0 13 0 0 190 0 0 0 0 Official 0 0 13 0 0 30 0 0 0 0 Private 0 0 0 0 0 161 0 0 0 0 Interest rescheduled 0 0 7 0 0 176 0 0 0 0 Official 0 0 7 0 0 10 0 0 0 0 Private 0 0 0 0 0 166 0 0 0 0 Debt forgiven ...0 0 0 0 0 0 0 0 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of whichbdebt buyback 0 0 0 0 0 0 0 0 0 0 N. DEBT iTOC'K-`1.0"l RECON'( ILl ATION Total change in debt stocks ... 430 1 1 -41 139 240 224 121 311 Net flows on debt ... 67 36 -68 106 153 191 167 378 Net change in interest arrears ... 81 8 16 -154 19 5 7 -5 Interest capitalized ...7 0 0 176 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 0 0 Cross-currencv valuation ... 30 -1 -47 -9 22 6 -36 -45 Residual ... 246 -31 57 20 46 22 -17 -16 'I..%% ERAG~E rER-MS 01' NEi~ comnI.mrNEvrm ALL CREDITORS Interest (%) 5.5 7.9 5.9 3.6 7.2 5.0 5.6 4.2 6.0 7.9 Maturity (years) 25.8 15.5 17.8 20.1 17.7 22.6 21.0 30.9 22.9 15.8 Grace period (years) 6.3 3.9 4.7 3.4 5.4 5.9 6.1 8.1 3.6 7.2 Grant element (%) 36.0 10.9 27.2 38.7 17.2 34.6 29.7 47.5 25.3 13.0 Official creditors Interest (%) 2.9 7.3 4.9 3.6 6.0 5.1 5.6 4.2 6.0 7.4 Maturity (years) 39.4 17.7 22.6 22.2 22.2 24.2 21.0 30.9 22.9 20.6 Grace period (years) 10.6 3.5 6.2 3.9 5.9 6.4 6.1 8.1 3.6 4.8 Grant element (%) 61.0 14.3 36.1 41.8 28.0 36.5 29.7 47.5 25.3 16.1 Private creditors Interest (% 8.5 8.5 8.8 3.5 8.7 3.7 0.0 0.0 0.0 8.5 Maturity (years) 9.7 13.2 4.0 5.1 12.3 3.3 0.0 0.0 0.0 10.0 Grace period (years) 1.2 4.2 0.5 0.4 4.8 0.3 0.0 0.0 0.0 10.0 Grant element (%) 6.6 7.5 1.7 15.8 4.5 11.4 0.0 0.0 0.0 9.2 Memorandum items Commitments 50 247 146 131 368 135 244 97 270 329 Official creditors 27 124 108 115 200 125 244 97 270 179 Private creditors 23 123 38 16 168 10 0 0 0 150 lb. (CON FRACt1 H: L OBI-IGA flONS ON (1I'SI %h ND[N(C L(N(;-'iERM DEBT 1998 1999 2000 2007 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 166 133 96 63 23 9 5 1 0 0 Principal 250 199 184 189 213 194 157 153 142 288 Interest 126 117 III 103 94 85 76 69 62 56 Official creditors Disbursements 164 132 96 63 23 9 5 1 0 0 Principal 196 151 139 141 136 164 157 153 142 138 Interest 95 90 87 83 77 70 63 56 49 43 Bilateral creditors Disbursements 65 40 24 13 6 3 2 1 0 0 Principal 94 59 57 60 56 84 83 82 79 75 Interest 35 33 31 29 27 25 22 19 16 13 Multilateral creditors Disbursements 100 92 73 50 17 6 3 0 0 0 Principal 102 92 82 81 79 79 74 70 63 62 Interest 59 57 56 54 50 46 41 37 33 30 Private creditors Disbursements 1 1 0 0 0 0 0 0 0 0 Principal 54 49 45 48 78 31 0 0 0 150 Interest 31 27 24 20 17 15 13 13 13 13 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 3 3 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 1 1 0 0 0 0 0 0 0 0 Principal 52 46 45 48 78 31 0 0 0 150 Interest 31 27 24 20 1 7 15 13 13 13 13 256 GUINEA (US$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SI lMAARY DEBT RAT X TOTAL DEBT STOCKS (EDT) 1,134 2,476 2,622 2,648 2,848 3,110 3,242 3,240 3,520 Long-term debt (LDOD) 320 1,019 2,253 2,399 2,462 2,659 2,886 2,987 2,981 3,008 Public and publicly guaranteed 320 1,019 2,253 2,399 2,462 2,659 2,886 2,987 2,981 3,008 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 3 35 52 55 64 60 71 94 82 99 Short-term debt -- 80 172 168 122 128 152 161 177 413 of which interest arrears on LDOD 29 55 77 48 68 100 82 103 100 Official creditors 23 49 70 40 58 90 71 91 91 Private creditors 5 6 7 8 9 10 11 11 9 Memo: principal arrears on LDOD 105 190 226 220 342 460 372 332 467 Official creditors 89 164 197 180 290 401 314 269 412 Private creditors 15 26 29 40 52 59 58 63 54 Memo: export credits 352 341 253 157 176 190 182 143 TOTAL DEBT FLOWS Disbursements 98 129 196 241 210 286 182 200 143 269 Long-term debt 94 121 196 229 198 286 169 169 143 236 IMF purchases 4 8 0 12 12 0 12 31 0 33 Principal repayments 11 76 110 93 50 44 54 129 67 106 Lung-term debt 11 75 96 84 49 41 48 121 58 95 IMF repurchases 0 1 14 9 1 3 6 9 8 10 Net flows on debt 87 54 86 122 143 228 120 98 72 401 of which short-term debt ..0 -26 -17 -14 -9 27 -4 238 Interest payments (INT) -. 33 59 43 37 40 43 49 47 55 Long-term debt 4 23 53 39 33 37 40 44 43 45 IMF charges 0 1 2 1 0 0 0 0 0 1 Short-term debt ..9 4 4 4 3 3 5 3 10 Net transfers on debt -- 20 27 79 106 188 76 49 25 346 Total debt service paid (TDS) -- 109 169 136 87 84 97 178 114 161 Long-term debt 15 98 149 123 82 78 88 164 101 140 IMF repurchases and charges 0 2 16 10 1 4 6 9 9 1 1 Short-term debt (interest onlv) ..9 4 4 4 33 5 3 10 2. AGGREGAIE NE-r RESOL'RCE FLOI~S AND NET IRACNSFERS i.LONG-TERNI; NET RESOURCE FLOWS 85 106 212 338 391 414 285 285 257 263 Net flow of long-term debt (ex. IMP) 83 47 100 145 149 245 122 49 85 141 Foreign direct investment (net) 0 34 18 39 20 3 1 1 24 1 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 2 25 94 154 222 166 162 235 149 122 Memo: technical coop. grants 4 19 63 74 77 84 66 73 68 54 official net resource flows 79 26 212 309 379 408 293 299 217 286 private net resource flows 6 80 -1 29 12 6 -9 -14 41 -23 NET TRANSFERS 80 43 98 207 298 351 204 231 199 202 Intcrest on long-term debt 4 23 53 39 33 37 40 44 43 45 Profit remittances on FDI 0 40 61 91 60 26 40 10 15 16 Memo: official net transfers 76 5 165 271 346 372 254 256 174 245 private net transfers 5 38 -68 -63 -48 -21 -50 -25 25 -43 3. MAXJOR ECONOMIC.-AGGRFGATES Gross national product (GNP) ... 2,600 2,836 3,140 3,159 3,321 3,502 3,704 3.693 Exports of goods & services (XGS) ... 841 847 685 757 676 714 775 750 of which workers remittances ...0 0 0 0 1 1 1 1 Imports of goods & services (MGS) ... 1,115 1,224 1,080 1,010 1,131 1,112 1,053 955 International reserves (RES) . .. .. .. Current account balance .. -203 -289 -263 -57 -2 48 -2220 -177 -91 4I. DEBT INDIC -TORS EDT! XGS (1). . 294.4 309.5 386.7 376.2 460.3 454.3 418.3 469.7 EDT, GNP (1). . 95.2 92.5 84.4 90.2 93.6 92.6 87.5 95.3 TDS' XGS (1). . 20.0 16.1 12.7 11.1 14.3 25.0 14.6 21.5 INT /XGS (1). . 7.0 5.1 5.3 5.3 6.4 6.8 6.1 7.4 INT, GNP ()... 2.3 1.5 1.2 1.3 1.3 1.4 1.3 1.5 RES/EDT(%)............ RES I MGS (months)......... Shtort-term /EDT (%) .. 7.0 6.9 6.4 4.6 4.5 4.9 5.0 5.5 11.7 Concessional,' EDT (14) .. 59.8 67.7 68.8 74.7 75.7 74.9 75.8 74.9 70.6 Multilateral '1EDT (%) .. 11.5 27.4 31.2 34.5 39.2 41.9 45.0 45.9 44.2 257 GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-1 ERNI DEBIT DEBT OUTSTANDING (LDOD) 320 1,019 2,253 2,399 2,462 2,659 2,886 2,987 2,981 3,008 Public and publicly guaranteed 320 1,019 2,253 2,399 2,462 2,659 2,886 2,987 2,981 3,008 Official creditors 279 860 2,145 2.301 2,359 2,555 2,789 2,905 2.883 2,937 Multilateral 20 130 678 gig 913 1,118 1,304 1,460 1.486 1,557 Concessional 0 63 602 717 799 967 1,103 1,216 1,221 1,301 Bilateral 259 731 1,467 1,484 1,446 1,437 1,485 1,444 1,397 1.380 Concessional 246 615 1,073 1,087 1,179 1,191 1,225 1,241 1,205 1,183 Private creditors 40 159 108 98 103 104 98 82 98 72 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 9 24 24 24 23 24 25 24 12 Other private 40 150 84 74 80 81 74 57 74 59 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 20 55 28 15 0 0 0 0 0 0 IDA 0 32 392 479 548 681 773 847 863 922 DISBURSEMENTS 94 121 196 229 198 286 169 169 143 236 Public and publicly guaranteed 94 121 196 229 198 286 169 169 143 236 Official creditors 83 64 196 229 198 275 169 169 126 216 Multilateral 15 34 90 153 160 237 139 161 ill 198 Concessional 0 31 85 114 118 190 95 115 69 164 Bilateral 68 30 106 76 38 38 30 8 15 1 8 Concessional 57 24 105 72 38 38 30 8 14 13 Private creditors 10 57 0 0 0 11 0 0 17 20 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 4 0 0 0 0 0 0 0 0 Other private 10 53 0 0 0 11 0 0 17 20 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 15 0 0 0 0 0 0 0 0 0 IDA 0 1 0 52 83 88 134 63 59 47 109 PRINCIPAL REPAYMENTS 11 75 96 84 49 41 48 121 58 95 Public and publicly guaranteed 11 75 96 84 49 41 48 121 58 95 Official creditors 6 63 77 74 41 33 38 106 58 51 Multilateral 0 14 21 23 29 14 15 35 35 35 Concessional 0 0 6 5 7 8 8 26 26 16 Bilateral 6 50 56 51 13 19 23 71 23 16 Concessional 6 44 48 46 11 8 18 60 18 14 Private creditors 5 11 19 10 8 8 9 15 0 44 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 7 0 0 0 0 0 0 1 1 Other private 5 1 1 1 1 10 8 8 9 15 0 34 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 3 12 12 15 0 0 0 0 0 IDA 0 0 1 1 1 1 2 2 4 4 NET FLOWS ON DEBT 83 47 100 145 149 245 122 49 85 141 Public and publicly guaranteed 83 47 100 145 149 245 122 49 85 141 Official creditors 77 1 119 155 157 242 131 64 68 165 Multilateral 15 20 68 131 131 223 124 126 76 162 Concessional 0 31 80 108 ill 182 87 89 44 148 Bilateral 62 -19 51 24 26 19 7 -63 -8 3 Concessional 51 -19 57 26 26 30 12 -52 -4 -1 Private creditors 6 46 -19 -10 -8 3 -9 -15 17 -24 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 4 -7 0 0 0 0 0 0 -11 Other private 6 43 -11 -10 -8 3 -9 -15 1 7 -14 Private nonguaaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commerciat banks 0 0 0 0 0 0 0 0 0 0 Mlemo: IBRD 15 -3 -12 -12 -15 0 0 0 0 0 IDA 0 10 51 82 87 132 61 57 43 105 258 GUINEA (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTERESTY PAYMENTS (LINT) 4 23 53 39 33 37 40 44 43 45 Public and publicly guaranteed 4 23 53 39 33 37 40 44 43 45 Official creditors 3 21 47 39 33 36 39 43 43 41 Multilateral 1 8 12 9 17 15 16 15 24 24 Concessional 0 0 5 5 9 9 10 9 11 11 Bilateral 2 13 35 30 16 22 23 28 19 17 Concessional 2 12 23 22 11 15 17 20 11 12 Private cteditors 1 2 6 1 0 1 2 1 0 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 6 0 0 0 0 0 0 2 Other private 1 2 1 1 0 1 2 1 0 2 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 6 2 2 1 0 0 0 0 0 IDA 0 0 2 3 4 4 6 6 7 6 NET TRANSFERS ON DEBT 79 24 47 106 116 208 81 5 41 96 Public and publicly guaranteed 79 24 47 106 116 208 81 5 41 96 Official creditors 74 -20 72 117 124 206 92 21 25 124 Multilateral 14 12 57 122 115 209 108 ill 52 138 Concessional 0 31 74 103 102 173 78 80 33 137 Bilateral 60 -32 15 -5 10 -3 -16 -91 -27 -14 Concessional 49 -31 34 4 16 15 -6 -72 -15 -13 Private creditors 5 44 -25 -11 -8 2 -11 -16 16 -28 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 3 -13 0 0 0 0 0 0 -13 Other private 5 40 -12 -11 -8 2 -11 -16 16 -15 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 14 -9 -14 -14 -15 0 0 0 0 0 IDA 0 10 49 79 83 128 55 51 36 99 DEBT SERVICE (LTDS) 15 98 149 123 82 78 88 164 101 140 Public and publicly guaranteed 15 98 149 123 82 78 88 164 101 140 Official creditors 9 84 124 112 74 69 77 149 101 92 Multilateral 1 22 33 31 45 28 31 50 59 60 Concessional 0 0 11 10 16 17 18 35 36 27 Bilateral 8 63 91 81 29 41 46 99 42 33 Concessional 8 55 71 67 22 22 35 80 29 26 Private creditors 6 14 25 11 8 9 1 1 16 0 48 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 1 13 0 0 0 0 0 0 13 Other private 6 13 12 11 8 9 11 16 0 35 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 9 14 14 15 0 0 0 0 0 IDA 0 0 3 4 5 6 8 8 1 1 10 UNDISBURSED DEBT 196 527 1,184 1,050 1,000 753 621 680 632 513 Official creditors 173 412 1,184 1,050 1,000 753 621 637 605 506 Private creditors 24 115 0 0 0 0 0 44 27 7 Memorandum items Concessional LDOD 246 678 1,675 1,804 1,977 2,157 2,329 2,457 2,425 2,484 Variable rate LDOD 0 3 173 172 98 93 100 34 30 18 Public sector LDOD 320 1,019 2,253 2,399 2,462 2,659 2,886 2,987 2,981 3,008 Private,sector LDOD 0 0 0 0 0 0 0 0 0 0 6. CURRENCY CON]IPOSITlION. OF LONG'-TERM% DEBTWiERCEN-Ti Deutsche mark 7.1 5.1 1.3 1.1 1.0 0.8 0.8 0.8 0.7 0.6 French franc 5.1 11.3 14.9 15.0 13.7 11.9 11.8 9.6 8.9 8.3 Japanese yen 0.0 0.1 2.2 2.3 2.3 2.9 3.8 3.5 3.2 2.6 Pound sterling 4.0 4.1 1.8 1.5 1.2 1.0 1.0 0.9 0.9 0.9 Swiss france 0.0 0.8 0.6 0.5 0.5 0.4 0.5 0.3 0.3 0.3 U.S.dollars 16.0 28.2 33.1 36.6 39.5 42.7 43.5 48.5 49.3 51.6 Multiple currency 6.4 5.5 7.6 7.3 7.3 7.5 7.9 8.0 7.9 7.4 Special drawing fights 0.0 0.0 0.6 0.9 0.9 1.0 1.0 1.1 1.1 1.2 All other currencies 61.4 44.9 38.0 34.9 33.7 31.7 29.7 27.3 27.6 27.1 259 GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DJEBF REs[RU'CTU'RINGS Total amount rescheduled 0 67 110 29 156 0 0 131 0 82 Debt stock rescheduled 00 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 71 27 110 0 0 94 0 24 Official 0 0 71 20 107 0 0 93 0 24 Private 0 0 0 7 3 0 0 2 00 Interest rescheduled 0 2 0 2 45 0 0 16 0 11 Official 0 2 0 0 45 0 0 15 0 1 1 Private 0 0 0 2 0 0 0 00 0 Debt forgiven ..2 8 48 1 1 53 0 7 Memo: interest forgiven ..0 3 13 0 0 8 0 3 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback- 0 0 0 0 0 0 0 0 0 0 K.DIEBII i1`JCK-F1 O%% RF(0ONCILt.A,r1ON Total change in debt stocks ... 302 146 26 200 262 132 -2 280 Net flows on debt ... 86 122 143 228 120 98 72 401 Net change in interest arrears ... 26 22 -29 20 33 -18 21 -3 Interest capitalized ...0 2 45 0 0 16 0 1 1 Debt forgiveness or reduction ...-2 -8 -48 - I -l1 -53 0 -7 Cross-currency valuation ... 106 -12 -60 -26 66 39 -39 -71 Residual ... 86 20 -26 -21 45 52 -55 -52 9. A% ERA(W. TERNV~ OF NEI (ONIMITME[N[T ALL CREDITORS Interest (%) 2.9 4.6 2.6 2.6 3.0 2.9 1.3 2.1 2.5 1.9 Maturity (years) 12.9 19.3 30.4 24.5 31.5 30.7 32.7 21.3 28.5 40.2 Grace period (years) 5.2 5.6 8.2 6.0 8.3 7.5 8.7 6.8 8.3 10.1 Grant element ( %) 40.1 36.2 59.5 51.1 55.2 56.9 70.2 50.6 60.4 70.7 Official creditors Interest (%) 0.9 3.4 2.6 2.6 3.0 2.0 1.3 2.0 2.5 1.9 Maturity (years) t5.0 22.8 30.4 24.5 31.5 35.3 32.7 25.9 28.5 40.2 Grace period (years) 7.0 6.6 8.2 6.0 8.3 8.8 8.7 8.5 8.3 10.1 Grant element (%) 55.5 46.5 59.5 51.1 55.2 65.9 70.2 60.8 60.4 70.7 Private creditors Interest (%) 6.2 7.9 0.0 0.0 0.0 8.0 0.0 2.7 0.0 0.0 Maturity (years) 9.5 9.8 0.0 0.0 0.0 3.2 0.0 3.5 0.0 0.0 Grace period (years) 2.5 3.0 0.0 0.0 0.0 0.2 0.0 0.1 0.0 0.0 Grant elements(%) 15.6 8.0 0.0 0.0 0.0 3.5 0.0 10.8 0.0 0.0 Memorandum items Commitments 68 269 487 100 197 76 75 215 131 178 Official creditors 42 197 487 100 197 65 75 171 131 178 Private creditors 26 72 0 0 0 11 0 44 0 0 1(1. CE)NJlRAcrU .L OJBI. I( Al ION'S ON~ OuTST.ANDIN6 LO)NG-TERNI DEB I 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disborsements 182 123 79 45 25 9 4 2 0 0 Principal 108 116 127 124 123 120 120 105 103 99 Interest 51 53 61 57 53 49 45 41 38 35 Official creditors Disbursements 178 121 78 45 25 9 4 2 0 0 Principal 98 106 125 124 123 120 119 105 102 98 Interest 50 52 61 57 53 49 45 41 38 35 Bilateral creditors DisbuTsements 25 16 10 5 2 1 0 0 0 0 Principal 53 56 67 65 62 58 57 41 40 39 Interest 23 24 33 30 28 25 24 22 21 19 Multilateral creditors Disbursements 153 105 69 40 23 8 4 2 0 0 Principal 45 50 58 59 61 62 63 63 62 60 Interest 27 28 28 27 25 23 21 20 18 16 Pri'vate creditors Disbursements 5 2 1 0 0 0 0 0 0 0 Principal 10 10 2 0 0 0 0 0 0 0 Interest 1 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 5 2 1 0 0 0 0 0 0 0 Principal 10 10 2 0 0 0 0 0 0 0 Interest 1 0 0 0 0 0 0 000 260 GUINEA-BISSAU (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 l. ,L.%I 1NLA R DE BTI DA TOTAL DEBT STOCKS (EDT) .. 139.6 692.1 745.2 761.4 786.9 852.2 896.9 936.8 921.3 Long-term debt (LDOD) 0.0 133.1 630.4 676.4 692.3 712.5 761.4 796.6 856.2 838.4 Public and publicly guaranteed 0.0 133.1 630.4 676.4 692.3 712.5 761.4 796.6 856.2 838.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 1.4 5.3 5.4 5.2 4.7 4.6 5.9 7.7 12.2 Short-term debt -- 5.1 56.4 63.4 63.9 69.7 86.2 94.4 73.0 70.7 of which interest arrears on LDOD .. 1.1 29.9 41.4 56.1 65.0 79.2 88.4 61.5 62.7 Official creditors .. 1.1 27.5 37.1 50.7 60.5 73.9 82.4 61.4 62.7 Private creditors .. 0.0 2.4 4.3 5.4 4.5 5.2 6.1 0.0 0.0 Memo: principal arrears on LDOD .. 4.5 112.8 131.9 167.9 195.6 230.1 251.5 157.7 156.7 Official creditors .. 2.7 107.0 120.7 151.6 176.6 202.9 220.6 157.4 156.4 Private creditors .. 1.8 5.9 11.2 16.3 19.0 27.1 30.9 0.3 0.3 Memnos export credits ... 98.0 117.0 137.0 88.0 80.0 104.0 95.0 84.0 TOTAL DEBT FLOWS Disbursements 0.0 74.7 36.5 54.7 40.8 23.2 28.4 23.5 31.3 36.5 Long-term debt 0.0 74.7 36.5 54.7 40.8 23.2 28.4 21.1 28.3 30.3 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.4 3.0 6.1 Principal repayments 0.0 3.0 2.3 16.4 3.4 1.4 3.5 9.3 6.7 6.1 Long-term debt 0.0 3.0 2.3 16.4 3.4 0.9 3.1 8.1 5.6 5.0 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.4 0.4 1.1 1.1 1.0 Net flows on debt 0.0 71.7 45.7 33.8 23.2 18.8 27.2 13.3 30.1 26.9 of which short-term debt ... 11.5 -4.5 -14.2 -3.1 2.3 -1.0 5.5 -3.5 Interest payments (INT) .. 1.6 6.1 6.6 3.3 2.2 3.9 6.1 4.5 3.6 Long-term debt 0.0 1.1 3.4 5.2 2.9 2.0 3.6 5.7 4.0 3.0 IMF charges 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 Short-term debt .. 0.5 2.7 1.3 0.4 0.2 0.3 0.4 0.5 0.5 Net transfers on debt .. 70.0 39.6 27.2 19.9 16.5 23.3 7.2 25.6 23.3 Total debt service paid (TDS) -. 4.6 8.4 23.0 6.6 3.6 7.4 15.4 11.2 9.7 Long-term debt 0.0 4.1 5.7 21.6 6.2 2.9 6.7 13.8 9.6 8.1 IMF repurchases and charges 0.0 0.1 0.0 0.0 0.0 0.4 0.4 1.2 1.1 1.1 Short-term debt (interest only) .. 0.5 2.7 1.3 0.4 0.2 0.3 0.4 0.5 0.5 2. %GGREG ATE %ET RESOL'RCE FLO%% S %.ND NET TRANS4FERS iLONG-T ERNTI NET RESOURCE FLOWS 0.0 108.3 98.7 88.3 64.4 53.9 75.7 65.1 78.2 77.7 Net flow of long-term debt (ex. IMF) 0.0 71.7 34.2 38.3 37.4 22.3 25.3 13.0 22.7 25.3 Foreign direct investment (net) 0.0 0.0 2.0 0.0 0.0 0.0 1.0 1.0 1.0 2.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Granits (excluding techniical coop.) 0.0 36.6 62.5 50.0 27.0 31.6 49.4 51.1 54.5 50.4 Memo: technical coop. granits 0.1 12.0 22.6 29.0 49.0 48.9 43.0 47.5 38.8 43.0 official net resource flows 0.0 90.5 96.7 88.3 64.5 53.9 74.8 64.3 77.3 75.7 private net resource flows 0.0 17.8 1.9 -0.1 0.0 0.0 0.9 0.8 0.9 2.0 NET TRANSFERS 0.0 107.2 95.3 83.0 61.6 51.9 72.1 59.4 74.2 74.6 Interest on long-term debt 0.0 1.1 3.4 5.2 2.9 2.0 3.6 5.7 4.0 3.0 Profit remittanlces on FDI 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers 0.0 90.2 93.6 83.2 61.7 51.9 71.2 58.7 73.4 72.7 private net transfers 0.0 17.0 1.6 -0.2 0.0 0.0 0.9 0.8 0.8 2.0 3. ltLU.OR ECONOMlIC -%GGRL(.AT ES Gross national product (GNP) 78.7 104.8 233.3 240.2 212.8 221.6 221.5 236.0 251.9 251.4 Exports of goods & services (XGS) . . 20.3 20.4 6.5 16.0 33.2 23.9 28.0 56.0 of which workers remittances ... 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 lImports of goods & services (MGS) ... 103.5 114.7 127.3 94.2 104.6 95.5 105.0 121.0 International reserves (RES) . .. .. .. Current account balance ... -45.2 -75.4 -97.0 -62.0 -48.9 -26.0 4I. DEBIT iN'DIC'ATORS EDT /XGS(% ... 3,409.6 3,652.8 11,713.3 4,918.4 2,566.7 3,752.9 3,345.6 1,645.2 EDT /GNP(% . 133.2 296.7 310.2 357.8 355.1 384.7 380.1 371.9 366.5 1TDS XGS ()... 41.5 112.7 102.3 22.4 22.3 64.2 39.9 17.3 INT/ XGS ()... 30.0 32.2 50.7 13.9 11.7 25.4 16.0 6.4 INT' GNP(% . 1.6 2.6 2.7 1.5 1.0 1.8 2.6 1.8 1.4 RES,/EDT(% .. .. .. .. RES /MGS (months)...... ..... Short-term 1'EDT (%) .. 3.6 8.2 8.5 8.4 8.9 10.1 10.5 7.8 7.7 Concessional /EDT (% . 62.0 56.7 55.6 57.7 60.4 62.6 62.9 72.1 72.2 Multilateral / EDT (11) .. 24.5 39.5 40.5 40.8 41.4 41.2 41.2 40.9 42.0 26] GUINEA-BISSAU (US mllin,unlssothrwse ndcatd) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5.. LONG- FERN] DEBTf DEBT OUTSTANDING (LDOD) 0.0 133.1 630.4 676.4 692.3 712.5 761.4 796.6 856.2 838.4 Public and publicly guaranteed 0.0 133.1 630.4 676.4 692.3 712.5 761.4 796.6 856.2 838.4 Official creditors 0.0 96.9 597.4 644.7 662.5 687.6 733.5 765.1 855.4 837.6 Multilateral 0.0 34.2 273.3 301.5 310.8 326.2 351.2 369.6 382.7 386.9 Concessional 0.0 29.0 244.3 266.6 278.6 294.6 318.8 340.0 365.7 371.9 Bilateral 0.0 62.7 324.1 343.3 351.7 361.4 382.3 395.6 472.7 450.6 Concessional 0.0 57.6 148.2 147.9 160.3 180.7 215.0 223.8 309.6 293.6 Private creditors 0.0 36.2 32.9 31.6 29.8 24.9 27.9 31.5 0.8 0.8 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 2.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 34.0 32.9 31.6 29.8 24.9 27.9 31.5 0.8 0.8 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 4.7 145.5 160.3 164.7 178.4 197.3 209.9 2 16.2 220.7 DISBURSEMENTS 0.0 74.7 36.5 54.7 40.8 23.2 28.4 21.1 28.3 30.3 Public and publicly guaranteed 0.0 74.7 36.5 54.7 40.8 23.2 28.4 21.1 28.3 30.3 Official creditors 0.0 54.1 36.5 54.7 40.8 23.2 28.4 21.1 28.3 30.3 Multilateral 0.0 29.5 30.3 38.8 23.4 16.8 12.2 18.8 28.3 30.3 Concessional 0.0 24.3 30.3 34.7 22.8 16.8 11.9 18.5 27.7 30.3 Bilateral 0.0 24.7 6.2 15.9 17.4 6.4 16.2 2.3 0.0 0.0 Concessional 0.0 24.2 6.2 4.8 17.1 6.4 13.9 2.3 0.0 0.0 Private creditors 0.0 20.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 20.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 4.2 15.5 13.6 10.7 13.6 11.1 8.8 14.1 17.7 PRINCIPAL REPAYMENTS 0.0 3.0 2.3 16.4 3.4 0.9 3.1 8.1 5.6 5.0 Public and publicly guaranteed 0.0 3.0 2.3 16.4 3.4 0.9 3.1 8.1 5.6 5.0 Official creditors 0.0 0.2 2.3 16.3 3.3 0.9 3.0 8.0 5.5 5.0 Multilateral 0.0 0.0 1.5 15.3 2.6 0.7 1.8 7.8 4.1 3.5 Concessional 0.0 0.0 0.6 14.5 0.6 0.7 1.0 4.0 2.5 2.9 Bilateral 0.0 0.2 0.8 1.0 0.7 0.2 1.2 0.2 1.4 1. 6 Concessional 0.0 0.0 0.3 0.3 0.5 0.2 1.2 0.2 0.2 1.6 Private creditors 0.0 2.8 0.1 0.1 0.0 0.0 0.1 0.2 0.J 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 2.4 0.1 0.1 0.0 0.0 0.1 0.2 0.1 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.2 0.1 0.4 0.6 0.9 0.8 1.3 NET FLOWS ON DEBT 0.0 71.7 34.2 38.3 37.4 22.3 25.3 13.0 22.7 25.3 Public and publicly guaranteed 0.0 71.7 34.2 38.3 37.4 22.3 25.3 13.0 22.7 25.3 Official creditors 0.0 53.9 34.2 38.3 37.5 22.3 25.4 13.2 22.8 25.3 Multilateral 0.0 29.5 28.8 23.5 20.8 16.1 10.4 11.0 24.1 26.9 Concessional 0.0 24.3 29.7 20.2 22.2 16.1 10.9 14.6 25.2 27.4 Bilateral 0.0 24.5 5.4 14.9 16.7 6.2 14.9 2.2 -1.4 -1.6 Concessional 0.0 24.2 5.9 4.6 16.7 6.2 12.7 2.2 -0.2 -1.6 Private creditors 0.0 17.8 -0.1I -0.1I 0.0 0.0 -0. 1 -0.2 -0.1I 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Otber private 0.0 18.1 -0.1I -0. 1 0.0 0.0 -0. 1 -0.2 -0.1 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 4.2 15.4 13.5 10.6 13.1 10.4 7.9 13.3 16.4 262 GUINEA-BISSAU (UAS$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0.0 1.1 3.4 5.2 2.9 2.0 3.6 5.7 4.0 3.0 Public and publicly guaranteed 0.0 1.1 3.4 5.2 2.9 2.0 3.6 5.7 4.0 3.0 Official creditors 0.0 0.3 3.1 5.1 2.8 2.0 3.6 5.6 3.9 3.0 Multilateral 0.0 0.0 2.6 4.9 2.6 1.8 2.9 4.4 2.8 2.9 Concessional 0.0 0.0 1.8 4.2 1.2 1.7 1.6 3.0 2.2 2.7 Bilateral 0.0 0.2 0.5 0.2 0.2 0.2 0.7 1.2 1.1 0.1 Concessional 0.0 0.2 0.3 0.1 0.1 0.2 0.7 0.3 1.1 0.1 Private creditors 0.0 0.8 0.3 0.1 0.0 0.0 0.0 0.0 0.1 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.7 0.3 0.1 0.0 0.0 0.0 0.0 0.1 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.1 1.0 1.0 1.4 1.4 1.6 1.4 1.8 NET TRANSFERS ON DEBT 0.0 70.6 30.8 33.0 34.6 20.3 21.7 7.3 18.7 22.2 Public and publicly guaranteed 0.0 70.6 30.8 33.0 34.6 20.3 21.7 7.3 18.7 22.2 Official creditors 0.0 53.7 31.1 33.2 34.6 20.3 21.7 7.5 18.9 22.2 Multilateral 0.0 29.4 26.2 18.6 18.2 14.4 7.5 6.6 21.3 23.9 Coricessional 0.0 24.3 28.0 16.0 21.0 14.4 9.3 11.6 22.9 24.7 Bilateral 0.0 24.2 4.9 14.6 16.4 5.9 14.2 0.9 -2.5 -1.7 Coocessional 0.0 24.0 5.7 4.5 16.6 6.0 12.0 1.9 -1.3 -1.7 Private creditors 0.0 16.9 -0.3 -0.1 -0.1 0.0 -0.1 -0.2 -0.2 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 -0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 17.4 -0.3 -0.1 -0. 1 0.0 -0. 1 -0.2 -0.2 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 4.2 14.2 12.5 9.6 11.7 9.1 6.3 11.9 14.6 DEBT SERVICE (LTDS) 0.0 4.1 5.7 21.6 6.2 2.9 6.7 13.8 9.6 8.1 Public and publicly guaranteed 0.0 4.1 5.7 21.6 6.2 2.9 6.7 13.8 9.6 8.1 Official creditors 0.0 0.5 5.4 21.5 6.2 2.9 6.6 13.6 9.4 8.1 Multilateral 0.0 0.0 4.0 20.3 5.2 2.5 4.7 12.2 6.9 6.4 Concessionsl 0.0 0.0 2.3 18.6 1.8 2.4 2.6 6.9 4.7 5.6 Bilateral 0.0 0.4 1.4 1.2 0.9 0.5 2.0 1.4 2.5 1.7 Concessional 0.0 0.2 0.5 0.3 0.5 0.4 1.9 0.4 1.3 1.7 Private creditors 0.0 3.6 0.3 0.1 0.1 0.0 0.1 0.2 0.2 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 3.1 0.3 0.1 0.1 0.0 0.1 0.2 0.2 0.0 Private nonguaraniteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Mlemo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.2 1.2 1.1 1.8 2.0 2.5 2.2 3.1 UNDISBURSED DEBT 0.0 72.6 271.9 230.8 190.4 178.7 157.1 134.6 91.4 85.2 Official creditors 0.0 66.6 263.6 230.8 190.4 178.7 157.1 134.6 91.4 85.2 Private creditors 0.0 6.0 8.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessions] LDOD 0.0 86.6 392.6 414.5 438.9 475.3 533.8 563.8 675.3 665.5 Variable rate LDOD 0.0 2.1 36.9 36.7 33.7 42.4 45.4 47.1 15.7 15.7 Public sector LDOD 0.0 133.1 630.4 676.4 692.3 712.5 761.4 796.6 856.2 838.4 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CU'RREN(I COMIPOSITION OF LON%G-TERM DEBT wP.RCAE\Ti Deutsche mark 0.0 0.0 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.3 French franc 0.0 14.8 1.8 1.7 1.6 1.4 1.2 1.3 1.1 1.0 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 2.8 8.6 7.6 7.0 6.9 7.3 6.6 12.7 12.2 U.S.dollars 0.0 25.0 27.3 30.2 321.8 35.4 36.4 38.1 30.1 31.9 Multiple currency 0. 2.8 26.4 27.5 27.1 26.5 26.0 25.6 24.0 24.1 Special drawing ri.ghts 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 0.0 54.6 35.4 32.4 31.1 29.4 28.7 28.1 31.7 30.5 263 GUINEA-BISSAU (US$ millioni, unless otherw,ise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RESTRUCTU'RING;% Total amount rescheduled 0.0 0.0 16.1 13.5 1.1 16.1 23.4 13.7 228.0 3.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.9 0.0 0.0 16.3 0.0 Prinlcipal rescheduled 0.0 0.0 8.2 5.2 0.6 9.0 21.5 0.0 112.9 0.4 Official 0.0 0.0 3.8 5.2 0.6 4.2 21.5 0.0 84.4 0.4 Private 0.0 0.0 4.4 0.0 0.0 4.8 0.0 0.0 28.5 0.0 Interest rescheduled 0.0 0.0 6.8 1.9 0. 2.7 0.1 0.0 43.3 0.1 Official 0.0 0.0 3.7 1.9 0.1 1.2 0.1 0.0 37.6 0.1 Private 0.0 0.0 3.1 0.0 0.0 1.5 0.0 0.0 5.6 0.0 Debt forgiven .. 4.6 0.0 0.0 0.0 1.7 11.0 3.4 0.0 Memno: interest forgiven ... 0.6 0.0 0.0 0.0 8.6 3.7 2.5 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S. DEBT RTC.LWIE( O(- AL-Lk 1ON Total change in debt stocks ... 99.0 53.0 16.2 25.6 65.2 44.8 39.8 -15.5 Net flows on debt ... 45.7 33.8 23.2 18.8 27.2 13.3 30.1 26.9 Net change in interest arrears ... 7.0 11.5 14.7 8.9 14.2 9.2 -27.0 1.3 Interest capitalized ... 6.8 1.9 0.1 2.7 0.1 0.0 43.3 0.1 Debt forgiveness or reduction ... -4.6 0.0 0.0 0.0 -1.7 -11.0 -3.4 0.0 Cross-currency valuation ... 30.8 -3.3 -10.3 -7.4 11.9 12.1 -21.9 -22.0 Residual ... 14.0 9.1 -11.5 2.6 13.5 21.2 18.7 -21.7 4i..%%ERAGL T1R%1S F NEW (ONI %II M.i ALL CREDITORS Interest (%) 0.0 2.8 2.2 0.6 1.4 0.8 5.1 0.7 2.5 0.7 Maturity (years) 0.0 17.4 23.7 24.2 36.4 33.2 2.9 39.8 25.4 46.3 Grace period (years) 0.0 3.4 10.4 6.1 8.7 8.7 0.4 10.3 5.9 10.3 Grant element (%) 0.0 39.1 59.8 54.4 73.0 72.1 7.0 80.7 55.0 83.1 Official creditors Interest (%) 0.0 2.7 2.2 0.6 1.4 0.8 5.1 0.7 2.5 0.7 Maturity (years) 0.0 17.8 23.7 24.2 36.4 33.2 2.9 39.8 25.4 46.3 Grace period (years) 0.0 3.5 10.4 6.1 8.7 8.7 0.4 10.3 5.9 10.3 Grant element (%) 0.0 40.1 59.8 54.4 73.0 72.1 7.0 80.7 55.0 83.1 Private creditors Interest (%) 0.0 7.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 3.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (% 0.0 5.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Comnmitments 0.0 43.6 97.9 28.8 11.3 11.8 2.3 22.0 1.1 39.8 Official creditors 0.0 42.3 97.9 _28. 8 11.3 11.8 2.3 22.0 1.1 39.8 Private creditors 0.0 1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 I'). (ON I R.Wl UA I ()B[I(.1At IO)NS ON 0I[TsTX\lD)I% [.ONU;-[IERNl [EB F 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTA-L Disbursements 19.1 18.8 11.7 8.5 6.2 4.4 3.2 0.6 0.0 0.0 Principal 26.2 30.1 31.2 33.2 35.4 36.4 38.0 30.6 23.3 22.1 Interest 13.6 13.0 12.2 11.4 10.4 9.4 8.3 7.0 6.4 5.9 Ofricial creditors Disbursements 19.1 18.8 11.7 8.5 6.2 4.4 3.2 0.6 0.0 0.0 Principal 26.1 30.0 31.1 33.1 35.3 36.4 38.0 30.6 23.3 22.1 Interest 13.5 13.0 12.2 11.4 10.4 9.4 8.3 7.0 6.4 5.9 Bilateral creditors Disbursements 0.4 0.3 0.2 0.1 0.1 0.1 0.1 0.1 0.0 0.0 Principal 18.3 20.4 18.6 18.1 22.0 23.3 24.5 17.8 10.1 8.4 Interest 10.1 9.6 8.9 8.2 7.5 6.5 5.5 4.4 3.8 3.5 Multilateral creditors Disbursements 18.7 18.5 11.5 8.4 6.1 4.3 3.1 0.5 0.0 0.0 Principal 7.7 9.5 12.5 15.0 13.3 13.1 13.5 12.8 13.2 13.7 Interest 3.4 3.4 3.3 3.2 3.0 2.9 2.8 2.6 2.5 2.4 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursemients 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 0.0 0.0 264 GUYA-NA (US$ million, untless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUMINLAR't DEBT D)ATA TOTAL DEBT STOCKS (EDT) -- 811 1,945 1,960 1,897 1,954 2,038 2,105 1,631 1,611 Long-term debt (LDOD) 83 607 1,757 1,760 1,673 1,732 1,787 1,782 1,370 1,345 Public and publicly guaranteed 83 607 1,757 1,760 1,673 1.732 1,787 1,782 1,370 1,345 PriVate nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 86 113 149 168 177 179 172 168 157 Short-term debt -. 118 75 50 56 46 72 151 92 109 of which interest arrears on LDOD ..8 63 49 52 37 63 135 75 93 Official creditors ..5 40 26 40 23 49 115 55 71 Private creditors ..3 23 23 12 14 14 19 20 22 Memo: principal arrears on LDOD .. 37 169 142 76 79 85 99 97 89 Official creditors .. 34 89 64 64 66 70 85 82 76 Private creditors ..3 80 78 12 13 15 14 16 13 Memo: export credits ... 257 271 237 248 204 189 138 164 TOTAL DEBT FLOWS Disbursements 14 169 264 137 84 81 47 59 109 90 Long-term debt 14 115 160 100 59 69 34 45 83 65 IMPF purchases 0 55 104 38 25 12 13 14 26 25 Principal repayments 2 58 175 49 53 51 61 74 73 78 Long-term debt 2 43 69 46 53 47 39 51 49 52 IMF repurchases 0 16 107 3 0 3 22 24 24 26 Net flows on debt 12 ill 256 83 33 36 -14 -8 38 11 of wbich sbort-term debt ... 167 -5 2 5 0 7 1 -1 Interest payments lINT) -- 31 120 53 49 42 37 35 32 56 Long-term debt 3 27 73 47 43 36 32 31 29 54 IMFEcharges 0 4 40 5 6 5 4 3 2 1 Short-term debt ..1 7 1 0 0 1 1 1 1 Net transfers on debt -. 80 135 30 -16 -6 -51 -43 6 -45 Total debt service paid (TDS) -- 89 295 102 102 92 97 109 105 133 Long-term debt 6 69 142 93 96 83 71 82 78 106 IMF repurcbases and charges 0 19 146 9 6 9 26 27 25 27 Short-term debt (interest only) -. 1 7 1 0 0 I 1 1 1 2. XGA1REG VILL NETf RESOURLI FLO)flS kND NETI flR.-%NSFF:.Rs tlONG-TERMI NET RESOURCE FLOWS 22 76 165 212 195 152 134 90 153 298 Net flow of long-term debt (ex. IMF) 12 72 91 54 6 22 -5 -5 35 1 3 Foreign direct investment (net) 9 1 0 0 147 70 107 74 8 1 90 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 2 4 74 158 42 61 32 2 1 37 195 Memo: technical coop. grants 3 8 9 12 1 3 t 2 13 18 19 17 official net resource flowvs 14 70 181 225 67 90 31 26 70 213 private net resource flows 8 6 -16 -13 128 62 103 64 83 85 NET TRANSFERS 5 50 92 165 151 116 102 59 124 244 Interest on long-term debt 3 27 73 47 43 36 32 3 1 29 54 Profit remittances on FDI 14 0 0 0 0 0 0 0 0 0 Memo: official net transfers 12 59 117 180 25 55 2 -4 43 160 private net transfers -7 -9 -26 -15 126 61 100 63 80 84 3. M%!AJOR ECO-NOMIIC AGG 'REG,AL[ES Gross national product (GNP) 247 561 275 214 267 367 460 534 648 682 Exports of goods & services (XGS) .. 411 ... 493 536 593 641 690 758 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 538 ... 684 739 780 838 725 827 International reserves, (RES) . .. .. .. Current account balance .. -129 ... -139 -140 -125 -135 4. DEBT fNI fORS EDT!/ XGS (% . 197.4 ... 385.1 364.7 343.8 328.1 236.3 212.5 EDT!/ GNP (% . 144.4 707.2 918.0 711.5 533.2 443.1 394.0 251.7 236.0 TDS/ XGS (% . 21.6 ... 20.7 17.2 16.4 17.0 15.1 17.6 INT /XGS (% . 7.5 ... 10.0 7.7 6.2 5.4 4.6 7.3 INT!/ GNP (% * 5.5 43.7 24.8 18.4 11.3 7.9 6.5 4.9 8.2 RES EDT().......... RES !MGS (months) . .. .. .. Short-term / EDT (%) .. 14.5 3.9 2.6 2.9 2.4 3.6 7.2 5.7 6.7 Concessional!/ EDT (% . 28.3 57.6 56.8 59.3 61.3 62.1 61.4 54.9 56.5 Multilateral / EDT (%) .. 13.9 24.0 27.0 28.3 29.4 29.9 30.4 41.0 41.3 265 GUYANA (UJS$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 ,5. LON(.-1 ER%l DFEBr DEBT OUTSTANDING (LDOD) 83 607 1,757 1,760 1,673 1,732 1,787 1,782 1,370 1,45 Public and publicly guaranteed 83 607 1,757 1,760 1,673 1,732 1,787 1.782 1,370 1,345 Official creditors 66 379 1,610 1,625 1,594 1,661 1,716 1,720 1,308 1,289 Multilateral 1 112 468 529 536 574 609 639 669 666 Concessional 0 69 291 349 371 418 457 498 554 574 Bilateral 66 267 1,142 1,096 1,058 1,086 1,107 1,081 639 623 Concessional 40 160 831 765 753 780 809 794 342 335 Private creditors 17 228 148 135 79 71 71 62 63 56 Bonds 17 15 0 0 0 0 0 0 0 0 Commercial banks 0 100 80 80 12 13 15 13 19 14 Other private 0 113 68 55 66 58 57 49 44 42 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 36 59 55 46 41 39 35 27 19 IDA 0 18 93 134 134 163 182 203 212 218 DISBURSEMENTS 14 115 160 100 59 69 34 45 83 65 Public and publicly guaranteed 14 115 160 100 59 69 34 45 83 65 Official creditors 14 84 153 100 58 69 34 45 74 65 Multilateral 1 35 123 73 42 62 33 41 73 53 Concessional 0 29 109 61 39 56 33 41 73 53 Bilateral 13 50 31 26 16 7 1 4 1 12 Concessional 6 21 19 13 13 1 0 3 1 12 Private creditorS 0 3 1 6 0 1 0 0 0 10 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 21 0 0 0 0 0 0 9 0 Other private 0 9 6 0 1 0 0 0 1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 000 0 0 0 0 0 0 Memo: IBRD 0 2 0 0 0 0 0 0 0 0 IDA 0 2 54 40 4 30 12 18 16 18 PRINCIPAL REPAYMENTS 2 43 69 46 53 47 39 51 49 52 Public arnd publicly guaranteed 2 43 69 46 53 47 39 51 49 52 Official creditors 1 18 46 33 34 40 35 40 41 47 Multilateral 01 42 17 20 23 22 24 23 28 Concessional 0 0 6 5 8 6 6 6 7 13 Bilateral 1 17 4 17 14 17 13 16 18 19 Concessional 1 9 0 0 0 6 3 5 10 14 Private creditors 1 25 22 13 19 7 4 10 8 5 Bonds 00 1 0 0 0 00 0 0 Commercial banks I 11 8 0 10 0 0 2 3 4 Other private 0 14 14 13 9 7 4 8 5 2 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 1 31 6 7 6 5 6 5 5 IDA 0 0 0 0 0 1 1 1 1 1 NET FLOWS ON DEBT 12 72 91 54 6 22 -5 -5 35 13 Public and publicly guaranteed 12 72 91 54 6 22 -5 -5 35 13 Official creditors 13 66 107 67 25 29 -1 5 33 18 Multilateral 1 34 80 57 22 39 11 17 50 25 Concessional 0 29 103 55 31 50 27 34 67 40 Bilateral 12 33 27 10 2 -10 -12 -12 -17 -7 Concessional 5 12 19 13 13 -6 -3 -2 -9 -2 Private creditors -t1 6 -16 -13 -19 -7 -4 -10 2 -5 Bonds 0 0 -1 0 0 0 0 0 0 0 Commercial banks -1 10 -8 0 -10 0 0 -2 6 -4 Other private 0 -4 -8 -13 -9 -7 -4 -8 -5 -2 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 00 0 0 0 0 0 0 0 Memo: IBRD 01 -31 -6 -7 -6 -5 -6 -5 -5 IDA 0 2 54 40 4 29 12 1 7 16 17 266 GUYANA (US$ mnillion, unless otherwise indicoted) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 3 27 73 47 43 36 32 31 29 54 Public and publicly guaranteed 3 27 73 47 43 36 32 31 29 54 Official creditors 3 11 64 45 42 35 29 30 27 53 Multilateral 0 4 58 21 19 19 18 18 16 17 Concessional 0 1 8 5 6 6 6 6 6 9 Bilateral 3 7 6 24 23 17 11 12 11 36 Concessional 1 4 3 8 14 12 S 8 9 13 Private creditors 1 15 9 3 2 1 3 2 3 Bonds 1 1 0 0 0 0 0 0 0 0 Commercial banks 0 9 5 0 0 0 0 1 1 1 Other private 0 5 4 3 2 1 3 1 2 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 3 31 6 4 4 3 3 3 2 IDA 0 0 0 1 1 1 1 1 2 2 NET TRANSFERS ON DEBT 8 45 18 7 -37 -14 -37 -37 5 -41 Public and publicly guaranteed 8 45 18 7 -37 -14 -37 -37 5 -41 Official creditors 10 55 43 22 -17 -6 -30 -25 6 -35 Multilateral 1 30 23 36 3 20 -7 -1 34 9 Concessional 0 28 95 51 26 44 21 28 60 31 Bilateral 9 25 20 -14 -20 -26 -23 -24 -28 -43 Concessional 4 8 17 5 -2 -18 -11 -11 -18 -14 Private creditorS -2 -9 -26 -1-5 -20 -8 -7 -12 -1 -6 Bonds -1 -1 -1 0 0 0 0 0 0 0 Commercial banks -1 1 -12 0 -10 0 0 -3 5 -4 Other private 0 -10 -12 -15 -10 -8 -7 -9 -6 -2 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 -2 -62 -11 -11 -10 -9 -9 -8 -7 IDA 0 2 54 39 3 28 it 16 14 16 DEBT SERVICE (LTDS) 6 69 142 93 96 83 71 82 78 106 Public and publicly guaranteed 6 69 142 93 96 83 71 82 78 106 Official creditors 4 29 110 78 75 75 64 70 68 100 Multilateral 0 5 100 37 39 42 40 42 39 44 Concessional 0 1 14 10 13 12 12 13 13 21 Bilateral 4 24 11 41 36 34 24 28 29 56 Concessional 2 13 3 8 14 19 11 14 18 26 Private creditors 2 40 32 15 21 8 7 12 11 6 Bonds 1 1 1 0 0 0 0 00 0 Commercial banks 1 20 12 0 10 0 0 3 4 4 Other private 0 19 18 15 11 8 7 9 7 2 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 4 62 11 11 10 9 9 8 7 IDA 0 0 1 1 1 2 2 2 2 2 UNDISBURSED DEBT 53 223 272 213 232 242 274 255 272 266 Official cr-editors 53 207 268 213 232 242 274 246 272 266 Private creditors 0 16 4 0 0 0 0 9 0 0 Memorandum items Concessional LDOD 40 230 1,121 1.113 1,124 1,J98 1,265 1,292 896 909 Variable rate LDOD 0 124 235 259 177 181 215 195 75 70 Public sector LDOD 83 607 1,757 1,760 1,673 1,732 1,787 1,782 1,370 1,345 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6. CUIRREN(ACY(MPOSITIOiN OF LONC.-rERM D)EBTWiERCEN r, Deutsche mark 0.0 0.9 2.2 2.0 2.5 2.3 2.6 2.5 1.9 1.5 French franc 0.0 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.0 Japanese yen 0.0 0.0 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.1 Pound sterling 68.9 21.7 10.5 10.7 9.4 9.1 9.7 9.3 9.2 9.0 Swiss franc 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 U.S.dollars 24.7 58.3 67.7 66.1 65.0 65.6 64.5 64.5 59.5 61.5 Multiple currency 0.4 10.1 14.9 14.8 16.3 16.1 16.1 16.2 22.1 21.1 Special drawing rights 0.0 0.0 0.1 0.2 0.2 0.2 0.2 0.2 0.3 0.3 All other currencies 6.0 9.0 4.2 5.8 6.3 6.4 6.6 6.8 6.6 6.3 267 GUYANA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7.D BlE RESTRU'C1IURIM;s Total amount rescheduled 0 0 474 90 41 53 49 1 277 0 Debt stock rescheduled 0 0 320 33 1 0 0 0 0 0 Principal rescheduled 0 0 89 26 16 1 14 1 239 0 Official 0 0 89 23 7 1 14 0 239 0 Private 0 0 0 3 9 0 0 0 0 0 Interest rescheduled 0 0 38 27 16 51 16 0 38 0 Official 0 0 38 27 16 51 16 0 38 0 Private 0 0 0 1 0 0 0 0 0 0 Debt forgiven ..31 89 24 7 1 1 0 459 2 Memo: interest forgiven I. 1 0 2 3 0 4 0 Debt stock reduction 0 0 0 0 76 0 0 0 00 of which debt buyback 0 0 0 0 10 0 0 0 0 0 Total change in debt stocks ... 312 15 -63 58 84 67 -474 -20 Net flows on debt ... 256 83 33 36 -14 -8 38 11 Net change in interest arrears ... -37 -14 3 -15 26 71 -60 18 Interest capitalized ... 38 27 16 51 16 0 38 0 Debt forgiveness or reduction ... -31 -89 -90 -7 -11 0 -459 -2 Cross-currency valuation ... 47 -9 -45 -13 24 9 1 -18 Residual ... 41 16 19 5 42 -5 -31 -29 9.-AVERAGE VERM1S OF NE%% CONMIMI'NENTS ALL CREDITORS Interest (% 6.0 10.5 1.3 3.1 1.7 1.5 1.6 3.0 1.6 1.6 Maturity (years) 25.3 8.1 39.7 33.3 37.4 34.3 39.7 37.1 37.3 39.3 Grace period (years) 9.7 2.4 9.9 11.0 9.9 9.8 10.5 9.9 10.0 10.1 Grant element (%) 32.4 2.9 74.9 58.0 70.4 71.0 73.0 60.5 70.8 72.9 Official creditors Interest (% 6.0 9.2 1.3 3.1 1.7 1.5 1.6 1.5 1.6 1.6 Maturity (years) 25.3 9.5 39.7 33.3 37.6 34.3 39.7 38.7 37.5 39.3 Grace period (years) 9.7 3.2 9.9 11.0 9.9 9.8 10.5 10.4 10.1 10.1 Grant element (%) 32.4 11.2 74.9 58.0 71.0 71.0 73.0 73.3 71.2 72.9 Private creditors Interest (% 0.0 12.3 0.0 0.0 8.0 0.0 0.0 8.8 7.4 0.0 Maturity (years) 0.0 6.2 0.0 0.0 13.9 0.0 0.0 31.0 3.8 0.0 Grace period (years) 0.0 1.3 0.0 0.0 13.9 0. 0.0 8.0 0.3 0.0 Grant element (%) 0.0 -8.9 0.0 0.0 14.7 0.0 0.0 9.6 3.9 0.0 Memorandum items Commitments 20 96 281 54 83 98 64 45 106 81 Official creditors 20 56 281 54 82 98 64 36 105 81 Private creditors 0 39 0 0 1 0 0 9 1 0 10. Co(INR X,'C'i.t L OBLIG;.-X lIONS ON OI TSTANUINc. LONG-17111M DEBl- 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 101 68 47 28 12 5 3 1 0 0 Principal 31 38 52 53 54 59 60 61 80 57 Interest 47 46 45 44 42 40 38 35 32 31 Official creditors Disbursements 101 68 47 28 12 5 3 1 0 0 Principal 27 36 51 52 53 58 60 61 54 57 Interest 45 44 43 41 40 38 36 33 32 30 Bilateral creditors Disbursements 2 2 2 1 1 0 0 0 0 0 Principal 8 19 31 29 30 33 34 34 27 28 Interest 31 30 29 28 26 25 24 22 21 19 Multilateral creditors Disbursements 99 66 46 27 11 5 3 1 0 0 Prinicipal 19 17 20 24 23 26 26 26 27 29 Interest 14 14 14 14 13 13 12 11 11 11 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 5 1 1 0 0 1 1 1 26 0 Interest 3 2 2 2 2 2 2 2 1 1 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 3 1 1 0 0 0 0 0 0 0 Interest 1 1 1 1 1 1 1 1 1 1 Other private Disbursemrfents 0 0 0 0 0 0 0 0 0 0 Principal 1 0 0 0 0 0 0 0 26 0 Interest 2 1 1 1 1 1 1 1 00 268 HAITI (US$ million, unless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. !P1 MMIAI IJRYEBIr ii %TA TOTAL DEBT STOCKS (EDT) .. 302 889 758 785 803 717 806 897 1,057 Long-term debt (LDOD) 40 242 751 621 638 648 635 751 836 897 Public and publicly guaranteed 40 242 751 621 638 648 635 751 836 897 Private nunguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 3 46 38 33 35 34 35 29 25 43 Short-term debt .. 14 101 105 112 121 47 26 36 117 of which interest arrears on LDOD 0 24 14 21 30 34 1 1 1 Official creditors ..0 14 3 9 15 18 1 1 1 Private creditors ..0 10 I11 12 15 16 0 0 0 Memo: principal arrears on LDOD ..0 43 44 59 104 121 1 2 2 Official creditors 0 14 10 1s 37 55 1 2 2 Private creditors 0 29 35 41 67 67 0 0 0 Memo: export credits ... 117 107 83 69 79 86 100 105 TOTAL DEBT FLOWS Disbursements 4 77 44 40 1 0 0 128 107 119 Long-term debt 4 47 38 40 1 0 0 t04 107 98 IMF purchases 0 30 5 0 0 0 0 25 0 21 Principal repayments 3 18 18 11 0 0 1 62 14 16 Long-teTm debt 3 15 6 6 0 0 t 30 1 1 15 IMF repurchases 0 3 12 4 0 0 0 32 3 1 Net flows on debt 1 58 42 44 0 0 -79 79 103 184 of which short-term debt ... 16 14 0 0 -78 1 3 10 81 Interest payments (INTl . 8 15 16 5 5 1 32 13 18 Long-term debt 0 5 6 6 0 0 0 25 10 14 IMFEcharges 0 1 3 2 0 0 0 6 1 1 Short-term debt ..2 7 8 5 5 1 2 2 4 Net transfers on debt .. 51 27 28 -5 -5 -79 47 90 166 Total debt service paid (TDS) .. 26 33 27 5 5 1 94 27 35 Long-term debt 4 20 12 12 1 0 1 55 21 29 IMF repurchases and charges 0 4 15 7 0 0 0 38 4 2 Short-term debt (interest only) ..2 7 8 5 5 1 2 2 4 2. AGU REG.XTE NE rRES(JL'R(.E F't(l%%S AND NET FRANSFE RS ill.ONG-TERMNI NET RESOURCE FLOWIS 6 75 105 210 58 69 597 593 258 217 Net flow of long-terma debt (ex. IMF) 1 32 33 34 0 0 -1 73 96 83 Foreign direct investment (net) 3 13 8 -2 -2 -3 0 7 4 3 Portfotio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coup.) 2 30 65 178 60 72 598 512 158 130 Memno: technical coop. grants 4 32 70 68 41 51 58 114 95 119 official net resource flows 2 55 97 212 60 72 597 586 254 214 private net resource flows 5 20 8 -2 -2 -3 0 7 4 3 NET TRANSFERS 2 59 91 196 50 62 592 562 243 199 Interest on long-term debt 0 5 6 6 0 0 0 25 10 14 Profit remittances on FDI 3 1 1 8 8 8 7 5 6 5 4 Memo: official net transfers 1 52 92 206 60 72 597 561 244 200 private net transfers 1 7 0 -10 -10 -10 -5 1 -1 -1 3. NMAjOR ECONON1iC.A(GREG ATES Gross national product (GNP) 391 1,446 2,954 3,293 1,951 1,826 1,954 2,619 2,959 2,807 Exports of goods & services (XGS) .. 415 325 226 113 118 67 192 192 218 of which workers remittances .. 106 0 0 0 0 0 0 0 0 Imports of goods & serices (MGS) .. 498 540 552 261 303 247 832 792 820 International reserves (RES) .. 27 10 24 ...38 113 115 83 Current account balance .. 101 -22 -92 7 -12 -23 -87 -138 4. )E BT INDILAI ORS4 EDT/iXGS (% . 72.8 273.6 335.3 695.4 679.9 1,069.9 419.0 468.1 484.1 EDT! GNP I(%) .. 20.9 30.1 23.0 40.2 44.0 36.7 30.8 30.3 37.7 TDS /XGS (%) .. 6.2 10.1 11.8 4.7 4.2 1.9 48.8 13.9 15.9 tNT /XGS I(%) .. 1.8 4.6 7.1 4.4 3.9 1.2 16.5 6.9 8.4 INT /GNP (%) .. 0.5 0.5 0.5 0.3 0.2 0.0 1.2 0.4 0.7 RES,/EDT(%) .. 8.8 1L1 3.1 ... 5.3 14.0 12.8 7.8 RES! MGS (MOnths) .. 0.6 0.2 0.5 ... 1.8 1.6 1.7 1.2 Short-term / EDT (%) .. 4.6 11.3 13.9 14.3 15.1 6.6 3.3 4.0 11.1 Concessional / EDT (%) .. 70.7 78.6 75.3 74.9 72.0 78.9 93.0 93.1 84.7 Multilateral / EDT I(%) .. 43.8 55.0 67.0 66.5 64.2 73.0 75.7 77.0 70.8 269 HAITI (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 DEBT OUTSTANDING (LDOD) 40 242 751 621 638 648 635 751 836 897 Publc and publicly guaranteed 40 242 751 621 638 648 635 751 836 897 Official creditors 29 219 704 574 591 581 568 751 836 897 Multilateral 0 132 489 508 522 515 524 610 691 749 Concessional 0 132 489 508 522 515 5224 610 691 749 Bilateral 29 86 215 66 69 66 44 141 145 149 Concessional 29 81 210 63 67 63 42 139 144 [47 Private creditors 11 24 47 47 47 67 67 0 0 0 Bonds 4 0 0 0 0 0 0 0 0 0 Commercial banks 0 8 47 47 47 67 67 0 0 0 Other private 7 16 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 66 324 330 344 337 346 3S9 442 458 DISBURSEMENTS 4 47 38 40 1 0 0 104 107 98 Public and publicly guaranteed 4 47 38 40 1 0 0 104 107 98 Official creditors 0 32 38 40 1 0 0 104 107 98 Multilateral 0 21 27 28 1 0 0 103 101 90 Concessional 0 21 27 28 1 0 0 103 101 90 Bilateratl I II1 12 0 0 0 1 6 8 Concessional 0 7 11 12 0 0 0 1 6 8 Private creditors 4 15 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commerciat banks 0 5 0 0 0 0 0 0 0 0 Other private 4 10 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comrmercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 13 14 12 0 0 0 49 67 40 PRINCIPA-L REPAYMENTS 3 15 6 6 0 0 1 30 11 15 Public and publicly guaranteed 3 15 6 6 0 0 1 30 11 15 Official creditors 1 8 6 6 0 0 1 30 1 1 15 Multilateral 0 0 5 5 0 0 1 29 10 14 Concessional 0 0 5 5 0 0 1 29 10 14 Bilateral 1 8 1 1 0 0 0 1 1 1 Concessional 1 8 1 1 0 0 0 0 1 1 Private creditors 3 7 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 1 0 0 0 0 0 0 0 0 Other private 3 7 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 00 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memro: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 1 0 0 0 10 4 5 NET FLOWS ON DEBT 1 32 33 34 0 0 -1 73 96 83 Public and publicly guaranteed 1 32 33 34 0 0 -1 73 96 83 Official creditors -1 25 33 34 0 0 -1t 73 96 83 Multilateral 0 21 22 23 1)0 -1 74 91 77 Concessional 0 21 22 23 0 0 -1 74 91 77 Bilateral -1 3 10 I11 0 0 0 0 5 7 Concessional -1 -1 11 11 0 0 0 0 5 7 Private creditors 2 7 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 5 0 0 0 0 0 0 0 0 Other private 2 3 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercialtbanks 0 0 0 0 0 0 0 0 0 0 Memo: ]IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 13 13 10 0 0 0 39 63 35 2703 HAITI (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0 5 6 6 0 0 0 25 10 14 Public and publicly guaranteed 0 5 6 6 0 0 0 25 10 14 Official creditors 0 3 6 6 0 0 0 25 10 14 Multilateral 0 1 5 5 0 0 0 24 7 9 Concessional 0 1 5 5 0 0 0 24 7 9 Bilateral 0 2 1 1 0 0 0 1 3 5 Concessional 0 2 0 1 0 0 0 0 3 5 Private creditors 0 2 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 1 0 0 0 0 0 0 0 0 Other private 0 1 0 0 0 0 0 0 00 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 00 IDA 0 0 2 3 0 0 0 10 3 3 NET TRANSFERS ON DEBT 1 27 27 28 0 0 -1 49 86 69 Public and publicly guaranteed 1 27 27 28 0 0 -1 49 86 69 Official creditors -1 21 27 28 0 0 -1 49 86 69 Multilateral 0 20 17 1 7 0 0 -I 50 84 68 Concessional 0 20 17 17 0 0 -1 50 84 68 Bilateral -1 I 10 10 0 0 0 -1 2 1 Concessional -1 -3 10 11 0 0 0 0 2 2 Private creditors 1 5 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 4 0 0 0 0 0 0 0 0 Other private 1 2 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 13 11 8 0 0 0 29 60 32 DEBT SERVICE (LTDS) 4 20 12 12 1 0 1 55 21 29 Public and publicly guaranteed 4 20 12 12 1 0 1 55 21 29 Official creditors I 11 12 12 1 0 1 55 21 29 Multilateral 0 1 10 11 1 0 1 53 17 22 Concessional 0 1 10 I1 1 0 1 53 17 22 Bilateral 1 10 2 2 0 0 0 2 3 7 Concessional 1 10 1 1 0 0 0 1 3 7 Private creditors 3 9 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 0 0 0 0 0 0 0 0 Other private 3 8 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 3 4 0 0 0 20 7 8 UNDISBURSED DEBT 5 145 267 265 275 261 267 393 351 407 Official creditors 0 128 267 265 275 261 267 393 351 407 Private creditors 5 17 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 29 214 699 571 588 578 565 750 835 896 Variable rate LDOD 0 8 7 5 5 5 5 0 0 0 Public sector LDOD 40 235 751 621 638 648 635 751 836 897 Private sector LDOD 0 7 0 0 0 0 0 0 0 0 6. Cl,RRE%C1 COMlPOSITION OF LONG;- FERMI DERr IPERC ENYh Deutsche mark 0.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc 0.0 3.1 10.6 2.9 3.3 2.8 3.0 2.6 2.8 3.0 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UJ.S.dollars 99.9 79.1 70.4 71.9 72.0 73.0 72.2 77.2 78.0 78.1 Multiple currency 0.0 12.9 19.0 25.2 24.7 24.3 24.8 20.2 19.2 18.9 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 271 HATI (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBIf RE,4'[R I ("I U RING S Total amount rescheduled 0 0 0 0 0 0 0 108 2 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 71 1 0 Official 0 0 0 0 0 0 0 4 1 0 Private 0 0 0 0 00 0 67 0 0 Interest rescheduled 0 0 0 0 0 0 0 17 0 0 Official 0 0 0 0 0 0 0 2 0 0 Private 0 0 0 0 0 0 0 16 0 0 Debt forgiven 0 156 0 0 23 8 1 0 Memo: interest forgiven ..0 17 0 003 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 M. DEBI[ ST'OCK-Fit 0l% RE( ONCILAIA[ON Total change in debt stocks 83 -131 27 18 -86 89 91 160 Net flows oni debt 42 44 0 0 -79 79 103 184 Net change in interest arrears ...8 -10 7 9 4 -33 0 0 Interest capitalized ...0 0 0 0 0 17 0 0 Debt forgiveness or reduction ...0 -156 0 0 -23 -8 -1 0 Cross-currenicy valuation ... 10 0 -1 -1 2 2 -2 -3 Residual ... 13 -9 21 10 9 33 -10 -20 9. X%NER3.;E'TERNIS OF NE% C0MIN1l11MENTS ALL CREDITORS Interest (% 4.8 5.2 1.4 1.3 0.0 0.0 0.0 1.2 1.8 1.5 Maturity (years) 9.5 19.6 38.8 39.5 0.0 0.0 0.0 39.9 40.0 39.9 Grace period (years) 1.0 6.3 10.5 10.3 0.0 0.0 0.0 10.4 10.5 10.4 Grant element (%) 16.0 32.6 74.8 75.4 0.0 0.0 0.0 76.6 71.8 73.6 Official creditors Interest (% 3.4 2.8 1.4 1.3 0.0 0.0 0.0 1.2 1.8 1.5 Maturity (years) 43.0 29.8 38.8 39.5 0.0 0.0 0.0 39.9 40.0 39.9 Grace period (years) 7.3 10.3 10.5 10.3 0.0 0.0 0.0 10.4 10.5 10.4 Grant element (%/() 55.8 54.5 74.8 75.4 0.0 0. 0.0 76.6 71.8 73.6 Private creditors Interest (%) 4.8 8.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 8.6 7.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.9 1.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 14.9 5.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 5 51 104 52 0 0 0 254 71 163 Official creditors 0 29 104 52 0 0 0 254 71 163 Private creditors 5 23 0 0 0 0 0 0 0 0 1O.C(O"TI..ACIUAl OBLIG-.-A1IO'%SON L' lti]S\'ADI '%( .O(-[R DEB r 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 89 98 81 61 35 17 10 1 0 0 Principal 17 18 21 24 25 25 25 28 33 37 Interest 15 16 16 16 16 16 15 15 16 16 Official creditors Disbursements 89 98 81 61 35 17 10 I 0 0 Principal 17 18 21 24 25 25 25 28 33 37 Interest 15 16 16 16 16 16 15 15 16 16 Bilateral creditors Disbujrsements 1 1 0 0 0 0 0 0 0 0 Principal 2 2 4 5 5 5 5 5 5 5 IntereSt 6 5 5 5 5 5 5 5 4 4 Multilateral creditors Disbursemnents 88 97 81 61 35 17 10 1 0 0 Principal 16 16 17 19 20 20 21 23 28 33 Interest 10 10 10 11 11 11 11 11 12 12 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 00 0 0 0 0 0 0 0 Commercial banks Disbursemnents 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Otber private Disbursemients 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 00 0 0 0 0 0 0 0 0 272 HONDURAS (US$ million, uniless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. St NIN%L\RVDEBT DA%TA TOTAL DEBT STOCKS (EDT) .. 1,473 3,724 3,396 3,614 4,077 4,436 4,570 4,533 4,698 Long-term debt (LDOD) 111 1,168 3,492 3,171 3,322 3,740 4,002 4,096 4,061 4,170 Public and publicly guaranteed 91 976 3.426 3,096 3,232 3,651 3,902 3,973 3,845 3,910 Private nonguaranteed 19 191 66 75 90 88 100 123 216 259 Use of IMF credit 0 33 32 34 112 118 109 99 58 46 Short-term debt .. 272 199 192 180 219 325 375 414 482 of which interest arrears on LDOD ..0 89 75 55 92 68 56 55 57 Official creditors ..0 34 37 30 36 40 26 31 33 Private creditors ..0 55 38 25 56 28 30 24 25 MeMO: principal arrears on LDOD ..3 190 138 109 167 150 142 130 133 Official creditors ..1 63 49 54 74 69 53 61 68 Private creditors ..2 128 89 55 93 81 90 68 65 Memo: export credits .. 338 326 431 436 487 466 489 414 TOTAL DEBT FLOWS Disbursements 45 375 461 274 489 584 352 379 456 653 Long-tern debt 39 346 432 271 408 574 352 349 456 653 IMF purchases 6 29 29 3 81 10 0 31 0 0 Principal repayments 6 87 211 147 203 210 254 336 391 312 Long-term debt 6 87 177 145 203 207 238 293 353 303 IMF repurchases 0 0 35 2 0 3 16 44 38 9 Net flows on debt 38 288 133 134 294 375 228 106 104 408 of which short-term debt ... -117 7 8 2 130 62 39 67 Interest payments (INT) .. 120 178 160 174 151 178 217 173 193 Long-term debt 4 83 157 147 162 140 163 195 152 170 IMFEcharges 0 1 6 3 6 6 5 5 2 0 Short-term debt .. 36 15 10 6 4 10 18 20 24 Net transfers on debt .. 168 -45 -26 120 22.5 so -112 -69 215 Total debt service paid fTDS) .. 207 389 307 377 361 433 553 564 505 Long-term debt 10 170 333 293 365 347 402 487 504 473 IMF repurehases and charges 0 1 41 5 6 9 21 48 40 9 Short-term debt (interest onlyI) .. 36 15 10 6 4 10 18 20 24 2. AGG-('REG AlT' NET RESOL RCE F LOWS AND NET TRANSFESI'l I LONG-TERMI NET RESOURCE FLOWS 41 284 511 727 414 487 231 228 291 547 Net flow of lonig-term debt (ex. IMP) 32 259 256 126 205 367 114 56 103 350 Foreign direct investment (net) 8 6 44 52 48 27 35 50 91 122 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (exclud ing technical coop.) 0 20 211 549 162 93 83 122 97 75 Memo: technical coop. grants 6 18 96 79 88 93 59 96 88 88 official net resource flows 27 148 434 670 383 311 183 153 130 423 private net resource flows 14 137 77 57 31 176 48 75 161 124 NET TRANSFERS 17 124 282 508 179 257 -27 -57 59 292 Interest on long-term debt 4 183 157 147 162 140 163 195 15'2 170 Profit remittances on FDI 20 78 72 72 74 90 95 90 80 86 Memo: official net transfers 25 116 285 547 240 186 36 -17 -2 292 private net transfers -8 7 -2 -39 -61 72 -63 -40 62 -1 3 %I.AJOR ECONONI IC .-GGRFG.\ IT E Gross national product (GNP) 700 2,429 2,781 2,872 3,246 3,431 3,380 3,951 4,001 4,569 Exports of goods & services (XGS) .. 968 1,103 1,107 1,163 1,300 1,453 1,787 2,111 2,421 of which workers remittances ..0 50 52 60 60 85 120 128 160 Imports of goods & services (MGS) .. 1.306 1,384 1,233 1,577 1,713 1,900 2,111 ",546 2,793 International reserves (RES) 20 159 47 112 205 106 179 270 257 587 Current accounr balance .. -317 -51 20 -258 -309 -343 -201 -335 -272 -I. DEBT INDICItiTORS EDT / XGS (% . 152.2 337.5 306.7 310.9 313.5 305.3 255.7 214.7 194.0 EDT / GNP (% . 60.6 133.9 118.3 t111.3 118.8 131.2 115.6 113.3 102.8 TDS!XGS (%1) .. 21.4 35.3 27.7 32.4 27.7 29.8 31.0 26.7 20.9 INT/XGS(I%) .. 12.4 16.1 14.4 14.9 11.6 12.3 12.1 8.2 8.0 INT /GNP ().. 4.9 6.4 5.6 5.4 4.4 5.3 5.5 4.3 4.2 RES /EDT ().. 10.8 1.3 3.3 5.7 2.6 4.0 5.9 5.7 12.5 RES /MGS (months) .. 1.5 0.4 1.1 1.6 0.7 1.1 1.5 1.2 2.5 Short-term i EDT (91) .. 18.5 5.3 5.7 5.0 5.4 7.3 8.2 9.1 10.3 Concessional / EDT (% . 21.8 37.4 32.5 37.5 39.5 42.1 44.1 48.3 48.7 Multilateral / EDT (91) .. 31.1 42.5 48.8 49.8 47.9 46.5 47.1 46.5 49.0 273 HONDURAS (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5.IJGI i RM% DEBTI DEBT OUTSTANDING (LDOD) III 1,168 3,492 3,171 3,322 3,740 4,002 4,096 4,061 4,170 Public and publicly guaranteed 91 976 3,426 3,096 3,232 3,651 3,902 3,973 3,845 3,910 Official creditors 88 697 2.982 2,746 2,965 3.259 3,533 3,608 3,521 3.671 MLiltilateral 63 459 1,581 1,658 1.801 1,952 2,062 2,153 2,109 2,303 Concessional 30 202 536 588 714 815 921 1,036 1,186 1,307 Bilateral 24 238 1,401 1,089 1,163 1,307 1,470 1,455 1,412 1,368 Concessional 24 120 857 515 642 796 947 978 1.004 980 Private creditors 4 280 443 349 267 392 369 365 324 240 Bonds 0 0 0 0 0 152 152 139 126 62 Commercial banks 0 205 205 152 105 106 98 115 110 94 Other private 4 75 238 198 163 134 120 III 88 84 Private nonguaranteed 19 191 66 75 90 88 100 123 216 259 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 19 191 66 75 90 88 100 123 216 259 Memo: IBRD 30 152 558 551 489 479 469 443 350 275 IDA 15 64 77 126 182 236 307 386 424 496 DISBURSEMENTS 39 346 432 271 408 574 352 349 456 653 Public and publicly guaranteed 29 265 425 248 378 559 320 287 309 547 Official creditors 29 151 366 238 374 379 297 258 306 542 Multilateral 21 113 190 152 291 269 195 209 259 469 Concessional 1 0 37 54 67 151 120 119 132 182 145 Bilateral 7 38 177 86 83 110 t02 49 47 72 Concessional 7 12 88 53 48 02 84 45 46 68 Private creditors 0 114 58 10 4 179 23 29 2 5 Bonds 0 0 0 0 0 152 0 0 0 0 Commercial banks 0 59 23 2 1 17 3 26 2 5 Otherpirivate 0 55 36 8 3 10 20 4 0 0 Private nonguaranteed 10 81 8 23 29 16 32 62 147 106 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 10 81 8 23 29 16 32 62 147 106 Memo: IBRD 10 24 82 30 3 26 5 7 0 0 IDA 2 18 0 48 60 55 64 78 52 95 PRINCIPAL REPAYMENTS 6 87 177 145 203 207 238 293 353 303 Public and publicly guaranteed 3 39 151 131 189 189 218 254 298 240 Official creditorS 2 23 143 117 153 161 197 227 273 194 Multilateral 2 20 137 94 121 118 158 158 239 137 Concessional 1 2 16 17 22 19 24 22 22 20 Bilateral 0 2 6 23 33 44 39 69 34 57 Concessionat 0 1 2 3 2 6 11 10 10 14 Private creditors 1 16 8 14 36 28 22 27 25 46 Bonds 0 0 0 0 0 0 0 13 13 30 Commercial banks 0 14 4 8 26 15 12 6 4 3 Other private 1 3 4 6 10 13 10 8 8 13 Private nonguaranteed 3 48 25 15 14 18 20 39 54 63 Bonds 0 0 0 0 0 0 0 0 0 0 Commiiercial banks 3 48 25 15 14 18 20 39 54 63 Memo: IBRD 1 4 94 44 46 46 51 58 59 50 IDA 0 0 2 1 1 1 2 2 2 2 NET FLOWS ON DEBT 32 259 256 126 205 367 114 56 103 350 Public and publiclv guaranteed 26 226 274 117 189 369 102 33 it 307 Official creditors 27 128 223 121 221 218 101 31 33 348 Multilateral 20 92 53 58 171 151 37 51 20 332 Concessional 9 35 38 49 129 101 95 110 160 126 Bilateral 7 36 171 64 50 67 63 -20 13 15 Concessional 7 11 86 51 46 85 73 35 36 55 Private creditors -1 98 50 -4 -32 151 2 2 -23 -41 Bonds 0 0 0 0 0 152 0 -13 -13 -30 Commercial banks 0 46 19 -6 -25 2 -9 20 -2 2 Other private -1 52 32 2 -7 -3 1 1 -4 -8 -13 Private nonguaranteed 7 33 -18 9 15 -2 12 23 93 43 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 7 33 -18 9 15 -2 1 2 23 93 43 Memo: IBRD 9 20 -12 -14 -43 -20 -46 -51 -59 -50 IDA 2 18 -2 47 59 54 62 76 50 93 274 HONDURAS (US$ millionz, iunless othterwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 4 83 157 147 162 140 163 195 152 170 Public and publicly guaranteed 3 58 156 143 160 140 161 190 146 149 Official creditors 2 31 150 124 143 126 147 170 132 131 Multilateral 2 24 141 91 108 97 104 103 98 82 Concessional 0 4 1 1 11 13 12 14 14 15 16 Bilateral 0 7 8 33 35 29 43 67 35 49 Concessional 0 2 1 3 7 9 13 20 18 22 Private Creditors 0 27 6 19 17 14 14 20 14 19 Bonds 0 0 0 0 0 0 5 7 7 8 Commercial banks 0 26 5 17 14 10 3 7 4 4 Other private 0 1 1 2 3 4 6 6 3 7 Private nonguaranteed 1 25 1 4 2 0 2 5 6 20 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 25 1 4 2 0 2 5 6 20 Memo: IBRD 1 12 96 44 43 39 38 38 30 23 IDA 0 0 1 1 1 1 2 3 3 3 NET TRANSFERS ON DEBT 29 176 99 -21 43 227 -49 -139 -48 181 Public and publicly guaranteed 23 168 118 -26 29 229 -59 -157 -136 158 Official creditors 25 97 74 -3 78 92 -47 -139 -99 217 Multilateral 18 68 -89 -34 63 54 -67 -52 -77 251 Concessional 9 31 27 38 116 89 82 96 145 109 Bilateral 7 29 162 31 15 38 20 -87 -22 -34 Concessional 7 9 85 48 39 76 60 14 18 33 Private creditors -2 71 45 -23 -49 137 -13 -18 -37 -59 Bonds 0 0 0 0 0 152 -5 -21 -20 -38 Commercial banks 0 20 14 -23 -39 -8 -12 13 -6 -2 Other private -2 51 31 0 -10 -7 4 -10 -11 -20 Private nonguaranteed 6 8 -19 4 14 -2 10 18 87 23 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 6 8 -19 4 14 -2 10 18 87 23 Memo: IBRD 8 8 -108 -58 -85 -59 -85 -89 -89 -73 IDA 2 17 -4 46 58 52 60 73 47 90 DEBT SERVICE (LTDS) 10 170 333 293 365 347 402 487 504 473 Public and publicly guaranteed 6 97 307 274 349 329 379 444 444 389 Official creditors 4 54 293 241 296 287 344 397 405 325 Multilateral 4 45 278 186 229 214 262 262 336 219 Concessional 1 6 27 28 35 31 38 36 37 36 Bilateral 0 9 15 55 68 73 82 135 69 106 Concessional 0 3 3 5 9 15 24 31 28 36 Private creditors 2 44 14 33 53 42 36 47 39 64 Bonds 0 0 0 0 0 0 5 21 20 38 Commercial banks 0 39 9 25 39 25 15 13 8 7 Other private 2 4 5 8 14 17 16 13 1 1 20 Private nonguaranteed 4 73 27 19 16 18 22 44 60 83 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 4 73 27 19 16 18 22 44 60 83 Memo: IBRD 2 17 191 88 89 85 90 96 89 73 IDA 0 1 4 2 2 3 3 4 5 5 UNDISBURSED DEBT 54 729 666 671 885 906 741 779 782 524 Official creditors 54 716 655 651 862 854 712 767 773 514 Private creditors 0 13 10 20 23 52 29 12 9 10 Memorandum items ConcessioDal LDOD 54 321 1,393 1,102 1,356 1,611 1,868 2,013 2,189 2,287 Variable rate LDOD 19 400 753 748 728 774 784 768 790 775 Public sector LDOD 91 841 3,319 3,020 3,180 3,619 3,877 3,949 3,822 3,889 Private sector LDOD 19 327 173 150 142 120 125 147 239 281 6. CL1'RRENC'l ( ONIP(SlSrrION OF LONG-TERNI DEBT iPERCENTi Deutsche mark 0.0 0.0 2.6 3.2 3.0 2.9 3.2 3.4 3.1 3.1 French franc 0.5 0.4 3.1 3.4 3.1 2.7 2.7 2.6 2.6 2.8 Japanese yen 0.0 0.0 8.4 9.7 9.5 9.7 10.5 9.9 8.9 9.2 Pound sterling 0.0 0.0 0.9 1.0 0.8 0.7 0.7 0.6 0.7 0.8 Swiss franc 0.0 0.0 2.1 1.8 1.4 1.3 1.4 1.5 1.4 1.3 U.S.dollars 66.7 62.9 45.2 39.5 43.7 46.2 44.9 45.7 48.9 58.0 Multiple currency 32.8 25.4 34.4 37.9 35.4 33.0 32.5 31.9 29.8 20.8 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 All other currencies 21.0 11.5 3.2 3.5 3.2 3.5 4.3 4.5 4.6 3.8 275 HONDURAS (USS million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 7994 1995 1996 1997 7. l)EBT RESTR14L I'LlRINGs' Total amount rescheduled 0 0 310 88 133 83 45 25 66 106 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 3 Principal rescheduled 0 0 153 64 99 50 29 17 45 98 Official 0 0 70 23 68 23 1 1 7 39 97 Private 0 0 83 41 31 28 18 9 5 Interest rescheduiled 0 0 140 23 34 32 1 4 8 21 3 Official 0 0 78 10 21 22 8 4 17 3 Private 0 0 62 13 13 9 6 4 5 0 Debt forgiven ... 10 442 8 3 20 10 2 3 Memo: interest forgiven ..I. 1 0 21 0 0 2 0 Debt stock reduction 0 0 41 48 20 0 0 0 0 0 of which debt buybacke 0 0 0 0 0 0 0 0 0 0 ,4. DEBT Si0CK-FL0%% IIEL ONCILLATION Total change in debt stocks ... 337 -327 218 462 360 134 -37 165 Net flows on debt ... 133 134 294 375 228 106 104 408 Net change in interest arrears .- -83 -14 -20 37 -24 -12 -[L 2 Interest capitalized - . 140 23 34 32 14 8 21 3 Debt forgiveness or reduction ... -51 -490 -29 -3 -20 -10 -2 -3 Cross-currency valuation ... 91 8 -63 14 113 30 -125 -130 Residual ... 108 12 2 8 49 12 -35 -115 9. WERAGE7 TERMN1i OF NEI% comm! rM%ENTS~ ALL CREDITORS Interest (%) 4.1 6.8 6.5 4.0 4.3 3.8 5.6 2.2 2.7 6.2 Maturity (years) 29.6 23.9 21.3 24.1 24.6 23.7 19.4 30.7 30.7 14.8 Grace period (years) 6.8 6.7 5.9 6.7 6.7 8.7 5.2 7.4 8.2 3.0 Grant element (%) 45.5 26.9 26.6 45.4 41.5 45.9 29.7 59.4 55.6 23.4 Official creditors Interest (% 4.1 5.9 6.1 3.7 4.3 2.6 5.6 2.0 2.7 6.2 Maturity (years) 29.6 25.5 22.7 25.4 24.8 29.5 19.4 30.8 30.7 14.6 Grtace period (years) 6.8 7.1 6.5 7.1 6.7 7.2 5.2 7.6 8.2 2.9 Giant element (%) 45.5 31.6 29.4 48.8 41.9 56.2 29.7 61.1 55.6 23.0 Private creditors Interest (%) 0.0 16.0 9.9 8.8 7.9 5.9 0.0 7.5 0.0 3.6 Maturity (years) 0.0 6.7 7.1 7.6 8.0 13.5 0.0 29.8 0.0 25.5 Grace period (years) 0.0 2.5 0.6 1.9 1.8 11.2 0.0 2.3 0.0 5.0 Grant element (% 0.0 -22.3 -0.8 3.1 6.7 27.9 0.0 16.6 0.0 45.8 Memorandum items Commitmnents 23 495 452 302 609 582 144 324 420 429 Official creditors 23 452 410 280 602 371 144 312 420 421 Private creditors 0 43 42 22 7 211 0 12 0 8 lIt. CONTR.ACFLTI..i OBLIG.AT1IONSO(N 0-rml ANIIinGml LANG.TERM DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAIL Disbursements 260 131 70 38 17 4 2 2 1 Principal 358 292 280 241 250 240 230 247 211 181 Interest 185 166 149 133 119 105 92 78 67 57 Official creditors Disbiirsemnents 251 1301 70 -38 17 4 2 2 t Prinicipal 311 246 242 205 216 207 198 191 181 153 Interest 158 142 128 115 103 92 80 70 61 53 Bilateral creditors Disbursements 56 26 16 9 5 3 2 2 1 1 Principal 73 73 83 79 90 91 94 90 74 55 Interest 58 56 52 48 44 39 34 30 26 23 Multilateral creditors Disbursements 195 104 54 29 12 1 0 0 0 0 Principal 237 173 158 126 126 116 105 101 107 98 tnterest 100 87 76 68 60 53 46 41 36 31 Private creditors Disbursemnents 9 1 0 0 0 0 0 0 0 0 Principal 48 46 38 36 35 33 32 56 31 27 IntereSt 27 24 21 18 16 13 11 8 6 4 Commercial haraks Disbursements 2 1 0 0 0 00 0 0 0 Principal 8 8 7 5 4 4 4 4 4 3 Interest 5 4 3 3 2 2 2 1 1 1 Other private Disbursements 8 0 0 0 0 0 0 0 0 0 Principal 40 38 32 30 30 28 28 52 26 25 Interest 23 20 17 15 13 1 1 9 7 5 3 276 HUNGARY (US$ millioni, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SLMNNlA-R% DEBT DAT.A TOTAL DEBT STOCKS (EDT) .. 9,764 21,277 22,631 22,018 24,310 28,166 31,462 27,086 24,373 Long-term debt (LDOD) .. 6,416 18.006 19,194 18,528 21,074 24,628 27,875 23,556 201,856 Public and publicly guaranteed .. 6,416 18,006 18,938 17,886 19,856 22,240 23,786 18,551 14,941 Private nonguaranteed ..0 0 257 642 1,218 2,388 4,089 5,005 5,915 Use of IMF credit 0 0 330 1,259 1,204 1,231 1,141 385 171 160 Short-term debt .. 3,347 2,941 2,177 2,286 2,005 2,397 3,203 3,359 3,357 of which interest arrears on LDOD ..0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 PTivate creditors ..0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD ..0 0 0 0 0 0 5 0 0 Official creditors ..0 0 0 0 0 0 0 0 0 Private creditors ..0 0 0 0 0 0 5 0 0 Memo: export credits .. 1,424 1,743 1,937 2,025 2,252 2,435 1,947 1,839 TOTAL DEBT FLOWS Disbursements -- 1,552 2,516 3,824 2,919 5,346 5,103 6,842 4,405 4,611 Long-term debt .. 1,552 2,343 2,861 2,752 5,267 5,103 6,842 4,405 4,611 IMF purchases 0 0 173 963 167 79 0 0 0 0 Principal repayments .. 824 2,547 2,339 3,115 2,898 3,915 4,908 6,550 6,004 Long-term debt .. 824 2,217 2,263 2,942 2,848 3,751 4,115 6,347 6,004 IMF repusebhases 0 0 330 76 173 5 1 164 793 203 0 Net flows on debt .. 728 -397 722 -88 2,167 1,580 2,740 -1,990 -1,395 of which abort-term debt ... -366 -763 109 -281 392 806 1.56 -2 Interest payments (TNT) -- 1,099 1,683 1,658 1,850 1,516 1,727 2,104 1,811 1,681 Long-term debt .. 636 1,533 1,437 1,614 1,343 1.498 1,870 1,614 1,512 IMF charges 0 0 35 68 91 71 63 60 17 8 Short-term debt .. 463 115 153 145 102 166 174 180 161 Net transfers on debt .. -371 -2,080 -936 -1,937 652 -147 636 -3,801 -3,076 Total debt ser-vice paid (TDS) -- 1,923 4,230 3,997 4,965 4,414 5,642 7,012 8,362 7,685 Long-term debt .. 1,460 3,751 3,700 4,556 4,190 5,249 5,985 7,961 7,516 IMF repurchases and charges 0 0 364 144 264 122 228 853 221 8 Short-term debt (interest only) .. 463 115 153 145 102 166 174 180 161 2. AGGREGATE NET RESOL RCE FLO"WS kND ETr rRALNSI ERS iLONG-TERNM, NET RESOURCE FLOWS .. 728 280 2,200 1,438 4,868 2,976 7,762 1,154 2,567 Net flow of long-term debt (ex. IMP) .. 728 126 598 -190 2,420 1,352 2,727 -1.943 -1,393 Foreign direcCt inVeStment (net) ..0 0 1,462 1,479 2,350 1,144 4,519 1,982 2,079 Portfolio equity flows ..0 150 0 34 13 340 483 1,004 1,810 Grants (excluding technical coop.) ..0 4 140 115 85 139 33 110 70 Memo: technical coop. grants ..0 0 39 104 79 61 158 78 54 officiat net resource flows .. 132 587 1,189 278 174 220 -109 -595 -39 private net resource flows 5. 96 -308 1,011 1,159 4,694 2,756 7,871 1,750 2,605 NET TRANSFERS .. 92 -1,291 719 -227 3,459 1,388 5,782 -660 804 Interest on tong-term debt .. 636 1,533 1,437 1,614 1,343 1,498 1,870 1,614 1,512 Profit remnittances on EDI ..0 37 43 51 66 90 110 200 250 Memo: official net transfers .. 120 400 938 -21 -103 -60 -410 -848 -232 private net transfers .. -28 -1,691 -219 -206 3,562 1,448 6,191 189 1,037 3. MAJOR ECONOMIJC .AGGREGATES Gross national product (GNP) .. 21,797 31,604 32,088 35,988 37,424 40,088 42,869 43,722 44.305 Exports of goods & services (XGS) ... 12.315 12,535 13,926 1 1,419 11,441 17,939 20,401 25,914 of which workers remittances ...0 0 0 0 0 6 1 1 18 Imports of goods & services (MGS) ... 12,724 12,999 14,432 16,415 16,404 21,528 23,000 27,875 Intemational reserves (RES) ... 1,185 4,026 4,459 6,745 6,778 12,017 9,758 8,437 Current account balance ... 379 403 352 -4,263 -4,054 -2,535 -1,689 -1,007 4. DEBT INDICATORS EDT /XGS ()... 172.8 180.5 158.1 212.9 246.2 175.4 132.8 94.1 EDT! GNP (% . 44.8 67.3 70.5 61.2 65.0 70.3 73.4 62.0 55.0 TDS /XGS I%) ... 34.3 31.9 35.7 38.7 49.3 39.1 41.0 29.7 TNT/XGS ()... 13.7 13.2 13.3 13.3 15.1 11.7 8.9 6.5 INT /GNP (% . 5.0 5.3 5.2 5.1 4.1 4.3 4.9 4.1 3.8 RES,/EDT(%) ... 5.6 17.8 20.3 27.7 24.1 38.2 36.0 34.6 RES!/ MGlS (months) ... 1.1 3.7 3.7 4.9 5.0 6.7 5.1 3.6 Short-term / EDT (%) .. 34.3 13.8 9.6 10.4 8.2 8.5 10.2 12.4 13.8 CoDeessional / EDT (%) .. 5.6 0.2 0.1 0.2 0.4 0.7 1.2 1.5 1.5 Multilateral / EDT (%) .. 0.0 12.0 14.8 14.8 13.6 12.7 11.1 10.2 10.1 277 HUNGARY (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LO(-NG- I'ERilI DEBT DEBT OUTSTANDING (LDOD) .. 6,416 18,006 19,194 18,528 21,074 24,628 27,875 23,556 20,856 Public and publicly guaranteed 6,416 18,006 18,938 17,886 19,856 22,240 23,786 18,551 14,941 Officiat creditors 542 2,715 3,863 3,878 3,983 4,397 4,397 3,440 3,052 Multilateral 0 2,555 3,343 3,268 3,295 3,574 3,497 2,762 2,458 Concessional ..0 13 14 0 0 0 0 0 0 Bilateral .. 542 160 520 609 688 823 900 678 594 Concessional .. 542 19 15 51 98 202 368 403 372 Private creditors .. 5,874 15,292 15,075 14,009 15,872 17,842 19.389 15,111 11,889 Bonds 25 4,657 6,009 6.780 10,087 13,456 15,755 13.097 10,565 Commercial banks .. 5,523 9,647 8,134 6,419 5,114 3,907 3,305 1,840 1,206 Other private .. 326 988 932 809 671 479 330 174 118 Private nonguaranteed ..0 0 257 642 1,218 2,388 4,089 5,005 5,915 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks ..0 0 257 642 1,218 2.388 4,089 5,005 5,915 Memo: IBRD 0 0 1,513 1,819 1,968 2,095 2,208 2,218 1,650 1,520 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 1,552 2,343 2,861 2,752 5,267 5,103 6,842 4,405 4,611 Public and publicly guaranteed .. 1,552 2,343 2,861 2,262 4,446 3,689 4,105 1,971 1,133 Official creditors .. 187 728 1,201 497 466 353 656 487 314 Multilateral ..0 714 854 381 403 258 483 354 267 Concessional ..0 0 0 0 0 0 0 0 0 Bilateral 187 15 347 115 63 96 173 132 48 Concessional 187 3 1 41 47 94 173 76 17 Private creditors 1,365 1,615 1.660 1,765 3,980 3,336 3,449 1,484 818 Bonds 0 940 1,234 1,499 3,802 2,835 3,103 514 436 Commercial banks .. 1,240 575 360 195 130 495 330 867 326 Other private .. 125 99 66 71 49 6 17 104 57 Private nonguaranteed 0 0 0 490 821 1,414 2,737 2,434 3,478 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 490 821 1,414 2,737 2,434 3,478 Memo: IBRD 0 0 268 397 317 229 168 188 95 185 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS .. 824 2,217 2,263 2,942 2,848 3,751 4,115 6,347 6,004 Public and publicly guaranteed .. 824 2,217 2,263 2,769 2,562 3,143 3,078 4,830 2,997 Official creditors .. 55 145 152 333 377 272 798 1,192 423 Multilateral ..0 125 138 310 342 227 715 924 368 Concessional 0 0 0 14 0 0 0 0 0 Bilateral .. 55 19 14 23 35 45 83 268 56 Concessional .. 55 0 5 5 5 5 0 0 0 Private creditors .. 769 2,073 2,111 2,435 2,186 2,871 2,281 3,638 2,574 Bonds ..0 19 68 522 504 579 1,009 1,640 1,648 Commercial banks 652 1.895 1,918 1,747 1,501 2.059 1,085 1,851 827 Other private .. 117 159 125 166 180 233 186 147 99 Private nonguaranteed ..0 0 0 174 285 608 1,036 1,517 3,007 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 174 285 608 1,036 1,517 3,007 Memo: IBRD 0 0 108 135 124 144 196 251 514 218 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 728 126 598 -190 2,420 1,352 2,727 -1,943 -1,393 Public and publicly guaranteed 728 126 598 -507 1,884 546 1,027 -2,859 -1,864 Official creditors 132 584 1,049 163 89 81 -142 -705 -109 Multilateral ..0 589 716 71 61 30 -232 -569 -101 CoDcessional ..0 0 0 -14 0 0 0 0 0 Bilateral .. 132 -5 333 92 27 51 91 -136 -8 Concessional .. 132 2 -4 36 43 89 173 76 17 Private creditors 596 -458 -451 -670 1,795 465 1,168 -2,154 -1,755 Bonds 0 921 1,166 977 3,297 2,255 2,094 -1,126 -1,212 Commercial banks .. 588 -1,320 -1,558 -1,553 -1,371 -1,564 -756 -984 -502 Other private ..8 -59 -59 -95 -131 -227 -170 -43 -42 Private nonguaranteed ..0 0 0 317 536 807 1,701 917 472 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 317 536 807 1,701 917 472 Memo: IBRD 0 0 161 262 193 85 -28 -63 -419 -33 IDA 0 0 0 0 0 0 0 0 0 0 278 HUNGARY (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 636 1,533 1,437 1,614 1,343 1,498 1,870 1,614 1,512 Public and publicly guaranteed 636 1,533 1,437 1,585 1,310 1,446 1,704 1,546 1,175 Official creditors .. 12 187 251 299 277 280 301 253 194 Multilateral 0 178 228 262 234 233 241 213 163 Concessional 0 1 1 1 0 0 0 0 0 Bilateral .. 12 9 23 37 43 47 61 40 30 Concessional 12 1 1 1 2 4 13 15 15 Private Creditors .. 624 1,346 1,186 1,286 1,034 1,165 1,403 1,293 982 Bonds ..3 242 332 490 572 878 1,129 1,139 898 Commercial banks 583 1,034 789 739 415 259 239 142 74 Other private .. 38 70 66 56 47 28 35 12 9 Private nonguaranteed 0 0 0 29 32 52 166 68 337 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 29 32 52 166 68 337 Memo: IBRD 0 0 106 126 139 147 157 160 141 102 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 92 -1,407 -839 -1,804 1,077 -145 857 -3,556 -2,905 Public and publicly guaranteed 92 -1,407 -839 -2,092 573 -900 -677 -4,405 -3,039 Official creditors .. 120 396 798 -136 -188 -199 -443 -958 -302 Multilateral 0 410 489 -191 -173 -203 -473 -782 -264 Concessional ..0 -1 -1 -15 0 0 0 0 0 Bilateral 120 -14 310 55 -15 4 30 -176 -38 Concessional 120 1 -4 35 40 85 160 60 2 Private creditors -28 -1,804 -1,637 -1,956 761 -701 -234 -3,447 -2,737 Bonds -3 679 834 487 2,726 1,377 964 -2,265 -2,110 Commercial banks 5 -2,354 -2,347 -2,292 -1,786 -1,823 -994 -1.126 -576 Other private .. 30 -129 -125 -152 -178 -255 -204 -56 -51 Private nonguaranteed 0 0 0 288 504 754 1,534 848 135 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 288 504 754 1,534 848 135 Memo: IBRD 0 0 54 136 54 -62 -185 -223 -560 -135 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) -. 1,460 3,751 3,700 4,556 4,190 5,249 5,985 7,961 7,516 Public and publicly guaranteed 1,460 3,751 3,700 4,353 3,873 4,589 4,782 6,376 4,172 Official creditors 67 332 403 633 654 552 1,099 1,445 617 Multilateral 0 304 366 573 576 460 956 1,136 531 Concessional ..0 1 1 15 0 0 0 0 0 Bilateral 67 29 37 60 78 92 143 309 86 Concessional 67 1 5 6 7 9 13 16 15 Private creditors .. 1,393 3,418 3,297 3,721 3,219 4,036 3,683 4,931 3,555 Bonds ..3 261 400 1,012 1,076 1,458 2,138 2,779 2,546 Commercial banks .. 1,236 2,930 2,707 2,486 1,916 2,318 1,324 1,993 902 Other private .. 155 228 190 222 227 261 221 159 108 Private nonguaranteed 0 0 0 203 318 660 1,203 1,585 3,344 Bonds ..000 0 0 0 0 0 0 Commercial banks ..0 0 0 203 318 660 1,203 1,585 3,344 Memo: IBRD 0 0 214 261 264 292 353 411 656 319 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 930 2,983 2,885 2,745 3,134 2,515 2,804 1,432 1,175 Official creditors .. 141 2,088 2,010 2,027 2,069 2,211 2,015 1,074 917 Private creditors .. 789 895 876 718 1,065 304 789 358 258 Memorandum items Concessional LDOD .. 542 33 29 51 98 202 368 403 372 Variable rate LDOD 2,553 10,893 10,944 9,705 9,193 10,172 11,029 9,596 9,455 Public sector LDOD 6,416 18,006 18,931 17,843 19,779 22,115 23,568 18,078 14,543 Private sector LDOD 0 0 263 684 1,295 2,513 4,307 5,478 6,313 6. C1 RRFNCY COC0IP0SlTIlO\ ('F LONG-TERMl DEB'i PER( EN-Ti Deutsche mark .. 0.0 26.2 225.9 27.4 27.2 29.6 29.5 29.3 30.3 French franc .. 0.0 0.1 0.1 0.1 0.9 0.9 0.8 1.5 1.7 Japanese yen .. 2.9 25.3 28.3 29.8 32.6 31.7 34.8 38.0 37.7 Pound sterling .. 0.0 0.3 0.1 0.0 0.8 0.7 0.6 0.6 0.7 Swiss franc .. 0.0 3.9 2.3 1.6 1.8 1.9 2.6 2.6 3.0 U.S.dollars .. 1.8 t8.5 15.5 14.0 13.3 11.1 10.5 10.5 18.5 Mlultiple currency .. 95.3 17.8 16.9 16.7 14.1 13.5 12.1 10.3 2.2 Special drawing rights .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies .. 0.0 8.0 11.0 10.3 9.3 10.5 9.1 7.1 5.9 279 HUNGARY (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RESTRU'CTt RJ\(.4 Total amount rescheduled .. 107 0 0 0 0 0 0 0 0 Debt stock rescheduled ..0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 Official ..0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 of which debt buvback 0 0 0 0 0 0 0 0 0 8. DEBT ST0( K-FLOW RE( ONCRANATION Total change in debt stocks 880 1,354 -613 2,292 3,856 3,297 -4,376 -2,713 Net flows on debt -397 722 -88 2,167 1,580 2,740 -1,990 -1,395 Net change in interest arrears 0 0 0 0 0 0 0 0 Interest capitalized ..0 0 0 0 0 0 0 0 Debt forgiveness or reduction ..0 0 0 0 0 0 0 0 Cross-currency valuation .. 1,330 306 -538 269 2,262 740 -1,994 -1,989 Residual ... -53 326 13 -145 14 -184 -392 670 9..%% ER.GE FERN%IS OF NE%A CONUMITNIEN PI; ALL CREDITORS Initerest (% . 9.8 8.9 8.3 8.1 7.5 7.6 6.4 5.4 4.3 Maturity (years) .. 13.2 9.9 9.8 9.5 9.0 7.8 10.3 8.6 8.8 Grace period (years) .. 3.0 5.1 5.8 6.7 7.7 6.3 9.1 5.1 5.3 Grant element (% .. -0.5 4.8 9.3 9.5 13.1 10.8 21.2 19.1 26.1 Official creditors Interest (% . 2.5 8.6 6.8 6.7 6.1 7.5 7.3 6.8 6.6 Maturity (years) .. 15.2 12.2 13.2 15.0 15.1 1 2.7 13.3 16.4 14.3 Grace period (years) .. 1.2 5.2 5.3 5.3 5.7 3.9 4.0 3.5 3.8 Grant element (% . 37.5 7.1 16.7 18.7 22.6 11.9 13.3 17.4 18.3 Private creditors Interest (%) .. 10.3 9.4 9.3 8.7 7.7 7.6 6.3 5.1 3.3 Maturity (years) .. 13.0 7.2 7.5 7.6 8.0 7.0 9.9 6.9 6.5 Grace period (years) .. 3.2 5.0 6.2 7.2 8.0 6.6 9.9 5.4 5.9 Grant element (%) .. -3.1 2.0 4.3 6.2 11.6 10.6 22.4 19.5 29.5 Memorandum items Commitments .. 1,225 3,651 2,830 2,254 5,063 3,218 4,459 1,416 1,097 Official creditors .. 80 1,993 1,134 601 667 405 591 260 333 Private creditors .. 1,145 1,658 1,696 1,653 4,396 2,813 3,869 1,157 765 1t). CON TRACTUAL. OBLJG XT1ONS ON OUiTNTANDIN(, LI)N(G-TERNI-% DEBT' 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 587 306 171 43 26 15 12 8 5 1 Principal 2,919 2,708 3,172 2,499 1,848 1,491 1,819 1,046 367 703 Interest 1,157 1,030 858 643 479 403 283 195 149 124 Official creditors Disbursements 420 239 147 43 26 15 12 8 5 1 Principal 419 412 419 405 386 379 305 282 252 192 Interest 230 226 208 181 155 129 104 84 65 49 Bilateral creditors Disbursements 58 33 18 9 3 2 1 0 0 0 Principal 57 56 68 75 75 75 67 67 64 50 Interest 35 34 32 29 25 21 17 13 9 6 Multilateral creditors Disbursements 362 206 129 34 22 14 1 1 8 5 1 Principal 363 356 352 331 312 304 237 214 188 142 Interest 195 192 175 152 130 108 87 71 56 43 Private creditors Disbursements 166 68 24 0 0 0 0 0 0 0 Principal 2,500 2,295 2,752 2,094 1.461 1,112 1,514 764 115 511 Interest 927 804 650 462 324 274 179 112 84 75 Commercial banks Disbursements 148 60 24 0 0 0 0 0 0 0 Principal 84 88 290 412 86 62 52 15 3 3 Interest 70 67 63 46 21 20 19 18 18 17 Other private Disbursements 18 8 0 0 0 0 0 0 0 0 Principal 2,416 2,208 2,463 1,682 1,376 1,051 1.462 749 113 509 Interest 857 737 588 416 303 254 161 94 66 57 280 INDIA (US$ million, uinless otherwise indicated) 1970 7980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUAMMARI DEBI I) iAT TOTAL DEBT STOCKS (EDT) 20,581 83,717 85,421 90,264 94,342 102,483 94,387 93,435 94,404 Long-term debt (LDOD) 7,936 18,333 72,550 74,901 79,126 85,676 93.907 86,964 85,396 88,694 Public and publicly guaranteed 7.836 17,997 71,062 73,355 77,921 83,906 87.480 80,346 78.014 79,486 Private nonguaranteed 100 336 1,488 1,545 1,205 1,770 6,427 6,618 7:382 9.208 Use of IMF credit 0 977 2,623 3,451 4,799 5,041 4,312 2,374 1,313 664 Short-term debt 1,271 8,544 7,070 6,340 3,626 4,264 5,049 6,726 5,046 of which interest arrears on LDOD ..0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 0 0 3 1 0 0 0 0 Official creditors ..0 0 0 3 1 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: export credits 5,998 6,416 6,541 6,782 8,030 7,926 7,827 7,740 TOTAL DEBT FLOWS Disbursements 908 3,473 8,344 8,437 8,982 8,744 7,552 7,140 6,682 9,079 Long-term debt 908 2,450 6,590 7,204 7,359 8,421 7,552 7,140 6.682 9,079 IMF purchases 0 1,023 1.754 1 '233 1,624 323 0 0 0 0 Principal repayments 519 765 3,376 3,302 3,587 4,167 6,318 8,639 7,618 7,164 Long-term debt 314 755 2,651 2.842 3,253 4,033 5,144 6,920 6,645 6,551 IMF repurchases 205 9 726 460 334 134 1,174 1,719 973 613 Net flows on debt 389 2,708 6,011 3,661 4,665 1,863 1,872 -714 742 235 of which short-term debt ... 1,043 -1,474 -730 -2,714 638 785 1,677 -1,680 Interest pay ments (INTl . 642 4,815 4,559 4,110 4,178 4,375 4,605 4,441 3,668 Long-term debt 193 503 3,782 3,529 3,440 3,539 3,835 4,038 4,086 3,269 IMF charges 0 4 134 203 271 271 228 182 87 50 Short-term debt .. 134 899 826 399 367 312 385 268 349 Net transfers on debt 2,066 1,196 -898 555 -2,315 -2,503 -5,319 -3,699 -3,433 Total debt service paid (TDS) 1,407 8,191 7,861 7,697 8,345 10,693 13,244 12,058 10,832 Long-term debt 507 1,259 6,433 6,372 6,693 7,572 8,979 10,959 10,731 9,820 IMF repurchases and charges 205 14 859 663 605 405 1,402 1,901 1,059 663 Short-term debt (interest only) .. 134 899 826 399 367 312 385 268 349 2. -%G(. REG.ATE NET RE.O)L'RCE FL-O%%S V.ND NET I RXNS PERS ilONG-T ERNII NET RESOURCE FLOWS 787 2,422 4,719 5,001 5,205 7,264 8,722 4,438 7,473 8,506 Net flow of long-term debt (ex. IMP) 594 1,695 3,940 4,362 4,105 4,388 2,408 220 37 2,528 Foreign direct investment (net) 46 79 162 74 277 550 973 2,144 2,426 3,351 Portfolio equity flows 0 0 105 0 241 1,840 4,729 1,517 4,398 2,116 Grants (excluding technical coop.) 147 649 512 565 581 485 612 558 612 511 Memo: technical coop. grants 46 151 341 338 436 387 388 439 413 392 official net resource flows 753 1,554 2,846 3,460 3,124 2,240 1,581 -490 796 199 private net resource flows 34 868 1,873 1,541 2,081 5,025 7,140 4,929 6,677 8.307 NET TRANSFERS 595 1,919 937 1,472 1,765 3,725 4,887 400 3,387 5,237 Interest on long--term debt 193 503 3,782 3,529 3,440 3.539 3.835 4.038 4,086 3,269 Profit remittances on FDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers 589 1,206 1,349 1,948 1,492 566 -265 -2,357 -884 -1,400 private net transfers 6 713 -413 -476 273 3,159 5,152 2,7157 4,271 6,637 3. \ILNJOR k:CO'O0NIIC AGGREGATES Gross national product (GNP) 57,200 172,877 294,150 247,431 239,758 254,511 302,675 330,395 355,803 379,064 Exports of goods & services (XGS) 2,223 15,134 26,094 27,464 26,824 31,422 38,852 47,501 51,058 53,008 of which workers remittances 83 2,786 1,943 3,418 2,506 3,080 4,976 6,404 9,326 8,906 Imports of goods & services (MGS) 2,763 18,105 36,565 29,654 31,257 35,493 46,446 56,377 55,696 59.236 International reserves (RES) 1,023 12,010 5,637 7,616 9,539 14,675 24,221 22,865 24,889 28,385 Current account balance .. -1.785 -7,036 -4.292 -4.485 -1,876 -1,676 -5,563 -5.956 -3,532 4. DEBT INDI('-I'ORS EDT! XGS 1% . 136.0 320.8 311.0 336.5 300.2 263.8 198.7 183.0 178.1 EDT /GNP (% . 11.9 28.5 34.5 37.6 37.1 33.9 28.6 26.3 24.9 TDS /XGS (% . 9.3 31.4 28.6 28.7 26.6 27.5 27.9 23.6 20.4 INT /XGS (% . 4.2 18.5 16.6 15.3 13.3 11.3 9.7 8.7 6.9 INT! GNP (% . 0.4 1.6 1.8 1.7 1.6 1.4 1.4 1.2 1.0 RES! EDT (5 . 8.4 6.7 8.9 10.6 15.6 23.6 24.2 26.6 30.1 RES IMGS (months) 4.4 8.0 1.9 3.1 3.7 5.0 6.3 4.9 5.4 5.8 Short-term I/EDT (%) .. 6.2 10.2 8.3 7.0 3.8 4.2 5.3 7.2 5.3 Concessional I EDT (% . 74.3 46.3 45.0 45.3 45.2 45.5 45.8 43.4 41.0 Multilateral / EDT (%) .. 29.5 26.0 28.1 28.9 29.5 30.7 31.8 31.4 31.1 281 INDIA (US$ million, unless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LO\U(- I'ERMI DEBI DEBT OUTSTANDING (LDOD) 7,936 18,333 72,550 74,901 79,126 85,676 93,907 86,964 85,396 88,694 Public and publicly guaranteed 7,836 17,997 71,062 73,355 77,921 83,906 87,480 80,346 78,014 79,486 Official creditors 7,506 16,336 48,383 49,446 52,987 55,856 61,997 57.112 54,1236 52,119 Multilateral 1,562 6,070 21,768 23,964 26,130 27,826 31,486 30.048 29,332 29,391 Concessional 1,065 5,244 13,657 14,549 15,673 16,301 18.009 17,814 17,939 18,230 Bilateral 5.945 10,266 26,615 25,482 26,857 28,029 30,511 27,065 24,904 22,729 Concessional 5,450 10,053 25,111 23,866 25,219 26,388 28,648 25,419 22,629 20,482 Private creditors 330 1,661 22,679 23,909 24,934 28,050 25,483 23,234 23,779 27,367 Bonds 2 2 2,639 4,102 4,021 3,832 3,740 3.257 1,364 1,848 Commercial banks 45 1.498 16.130 16,025 17,006 18,727 14,588 13,412 16,331 20,446 Other private 283 161 3.9 10 3.783 3,907 5,492 7,156 6,565 6,084 5,072 Private nonguaranteed 100 336 1,488 1,545 1,205 1,770 6,427 6,618 7,382 9,208 Bonds 0 0 0 0 0 794 1,158 1,020 2,433 3,802 Commercial banks 100 336 1,488 1.545 1,205 976 5,268 5,598 4,949 5,406 Memo: IBRD 496 827 7,685 8,459 9,067 9,870 11,120 9.849 8,769 8.138 IDA 1,065 5,142 13,312 14,203 15.339 15.978 17,666 17,499 17,616 17,912 DISBURSEMENTS 908 2,450 6,590 7,204 7,359 8,421 7,552 7,140 6,682 9,079 Public and publicly guaranteed 883 2,165 6,376 6,896 7,105 7,361 6,685 5,961 5,897 7,193 Official creditors 842 1,492 3.572 4,364 4,160 3,645 3,334 2,828 3,040 3,708 Multilateral 101 863 2.211 2,758 2,424 2,084 2,230 1,942 2,234 2,021 Concessional 60 689 785 965 1,192 675 979 736 924 856 Bilateral 741 629 1,361 1,606 1,736 1,561 1,104 886 806 1.687 Concessional 687 571 1,130 1.424 1.639 1,397 909 815 681 1,445 Private creditors 41 673 2.804 2,532 2,945 3,716 3,351 3,133 2,857 3,485 Bonds 0 0 427 1,619 (10 0 86 275 550 Commercial banks 16 639 1,983 504 2,145 1,545 870 1,719 1,698 2,462 Other private 25 34 395 410 800 2.171 2,481 1,329 884 473 Private nonguaranteed 25 285 214 309 254 1,060 867 1,179 785 1,886 Bonds 0 0 0 0 0 794 367 520 785 1,371 Commercial banks 25 285 214 309 254 266 500 659 0 515 Memo: IBRD 41 174 1,219 1,231 852 1,216 741 589 686 542 IDA 60 652 762 953 1,186 669 966 729 906 830 PRINCIPAL REPAYMENTS 314 755 2,651 2,842 3,253 4,033 5,144 6,920 6,645 6,551 Public and publicly guaranteed 289 664 2,332 2,570 2,947 3,538 5,021 6,764 6,405 6,551 Official creditors 236 587 1,238 1,469 1,618 1,890 2,365 3,876 2,856 4.020 Multilateral 40 86 609 703 838 1,000 1,102 1,513 1,218 1,217 Concessional 0 15 128 156 171 192 212 245 252 274 Bilateral 196 500 629 766 780 890 1,263 2,364 1,638 2,803 Concessional 137 473 562 673 695 753 1,113 2,113 1,464 2,563 Private creditors 53 78 1,094 1,101 1,329 1,647 2,656 2,888 3,549 2,531 Bonds 0 0 280 239 206 338 404 311 1,242 2 Commercial banks 10 34 250 293 438 666 1.054 1,796 1,484 1,160 Other private 43 44 564 569 685 643 1,198 780 823 1,370 Private nonguaranteed 25 91 318 273 306 495 123 156 240 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 25 91 318 273 306 495 123 156 240 0 Memo: IBRD 40 71 472 527 634 758 827 943 840 820 IDA 0 15 114 141 155 174 194 226 234 250 NET FLOWS ON DEBT 594 1,695 3,940 4,362 4,105 4,388 2,408 220 37 2,528 Public and publicly guaranteed 594 1,501 4,044 4,326 4,158 3,823 1,664 -803 .508 641 Official creditors 606 906 2,334 2,895 2,543 1,755 970 - 1,048 184 -312 Multilateral 6 1 777 1,602 2,054 1,587 1,084 1,129 429 1,016 804 Concessional 60 674 657 809 1,021 483 767 492 672 583 Bilateral 545 129 732 841 956 670 -159 -1,477 -832 -1,116 Concessional 550 98 567 7-51 944 644 -204 -1,298 -784 -1,118 Private creditors -12 595 1,710 1,431 1,615 2,069 695 245 -692 953 Bonds 0 0 147 1,380 -206 -338 -404 -226 -967 548 Commercial baniks 6 605 1,733 211 1,707 879 -184 -77 214 1,302 Other private -18 -10 -170 -160 115 1,528 1,283 548 61 -897 Private nonguaranteed 0 194 -104 36 -53 565 744 1,023 545 1,886 Bonds 0 0 0 0 0 794 367 520 785 1,371 Commercial baniks 0 194 -104 36 -53 -229 376 503 -240 515 Memo: IBRD 1 103 747 703 219 458 -86 -354 -154 -278 IDA 60 637 648 812 1.030 495 773 503 672 580 282 INDIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 193 503 3,782 3,529 3,440 3,539 3,835 4,038 4,086 3,269 Public and publicly guaranteed 187 473 3,647 3,403 3,317 3,400 3,444 3,507 3,660 3,115 Official creditors 164 348 1,497 1,513 1,631 1.674 1.846 1,867 1,680 1,600 Multilateral 34 101 738 796 899 940 1,014 1,061 966 907 Concessional 7 35 101 105 112 118 124 135 135 136 Bilateral 130 247 759 717 732 733 832 806 714 693 Concessional 105 234 638 605 625 634 690 687 615 539 Private creditors 22 125 2.150 1,891 1,685 1,727 1,598 1,640 1,980 1,515 Bonds 0 0 182 196 230 258 221 183 573 99 Commercial banks 3 113 1.75 1 1,426 1,200 1,206 901 957 962 1,035 Other private 19 12 217 269 254 263 476 500 446 382 Private nonguaranteed 6 30 135 126 123 139 391 531 426 154 Bonds 0 0 0 0 0 1 20 56 88 154 Commercial banks 6 30 135 126 123 138 371 475 338 0 Memo: IBRD 27 66 615 643 709 721 768 770 674 590 IDA 7 35 97 101 109 114 121 131 130 131 NET TRANSFERS ON DEBT 401 1,191 157 833 666 849 -1,427 -3,818 -4,049 -741 Public and publicly guaranteed 407 1,027 397 923 841 423 -1,779 -4,310 -4,167 -2,474 Official creditors 441 557 837 1.383 911 81 -876 -2,915 -1,495 -1,911 Multilateral 26 676 864 1,259 688 144 115 -632 50 -103 Concessional 52 639 557 705 909 365 643 357 537 447 Bilateral 415 -118 -27 124 224 -63 -991 -2,283 -1,546 -1,809 Concessional 446 -136 -71 146 319 10 -894 -1,985 -1,399 -1,658 Private creditors -34 470 -440 -460 -70 342 -903 -1,395 -2,672 -562 Bonds 0 0 -35 1,184 -436 -596 -625 -409 - 1,540 449 Commercial banks 3 492 -18 -1,215 506 -327 -1,085 -1,034 -748 268 Other private -37 -22 -387 -429 -140 1,265 807 48 -385 -1,279 Private nonguaranteed -6 164 -239 -90 -176 426 353 492 119 1,732 Bonds 0 0 0 0 0 793 347 464 697 1,217 Commercial banks -6 164 -239 -90 -176 -368 6 28 -578 515 Memo: IBRD -26 37 132 61 -490 -263 -853 -1,124 -828 -868 IDA 52 602 551 711 922 381 651 372 542 449 DEBT SERVICE (LTDS) 507 1,259 6,433 6,372 6,693 7,572 8,979 10,959 10,731 9,820 Public and publicly guaranteed 476 1,138 5,980 5,973 6,264 6,938 8,464 10,271 10,065 9,666 Official creditors 400 935 2,735 2,981 3,249 3,564 4,211 5,743 4,536 5,619 Multilateral 74 187 1,347 1,499 1,736 1,940 2,116 2,573 2,184 2,123 Concessional 7 50 229 260 284 310 336 379 387 410 Bilateral 326 748 1,388 1,483 1,513 1,624 2,095 3,169 2,352 3,496 Concessional 242 706 1,200 1,278 1,320 1,387 1,803 2,800 2,080 3,103 Private creditors 75 203 3,245 2.991 3,015 3,374 4,254 4,528 5,529 4,047 Bonds 0 0 462 435 436 596 625 495 1,815 101 Commercial banks 12 147 ",001 1,718 1,639 1,872 1,955 2,753 2.446 2,194 Other private 63 56 782 838 939 906 1,673 1,280 1,269 1,751 Private nonguaranteed 31 121 453 399 429 634 514 688 666 154 Bonds 0 0 0 0 0 1 20 56 88 154 Commercial banks 31 121 453 399 429 633 494 631 578 0 Memo: IBRD 67 137 1,087 1,170 1,342 1,479 1,595 1,714 1,514 1,410 IDA 7 50 211 242 264 289 315 357 365 381 UNDISBURSED DEBT 1,664 7,825 24,984 24,610 22,089 22,315 21,811 20,004 19,687 17,983 Official creditors 1,502 6,928 22,410 22,088 18,887 18,310 19,107 18,487 18,060 17,115 Private creditors 162 898 2,574 2.522 3.203 4,005 2,704 1,517 1,626 868 Memorandum items Concessional LDOD 6.5 15 15,297 38,768 38,415 40,892 42,689 46,657 43,233 40,568 38,712 Variable rate LDOD 100 790 12,169 13,393 13,985 15,872 21,758 21,053 22,841 24,465 Public sector LDOD 7,512 17,583 70,524 72,831 77,403 83,383 86,952 79,887 77,364 78,941 Private sector LDOD 425 750 2,026 2,069 1,723 2,293 6,955 7,077 8,033 9,753 6. CtUlR[N(- %, CONIPOsIrTION OF LONG- I-ERNI [DEBTI PERCENIpsI Deutsche mark 9.7 10.0 6.0 6.4 6.4 6.0 6.8 6.6 6.0 5.3 French franc 1.3 2.3 1.7 2.0 2.0 1.8 2.0 2.1 1.9 1.8 Japanese yen 5.2 6.7 9.6 10.8 t2.0 13.6 16.5 14.8 13.3 12.2 Pound sterling 24.7 26.8 6.1 6.1 5.4 4.9 4.5 4.7 4.3 4.1 Swiss franc 0.4 0.1 0.6 0.6 0.6 0.6 0.8 0.9 0.6 0.5 U.S.dollars 41.3 39.3 60.7 57.4 56.3 56.1 50.6 52.5 56.4 60.1 Multiple currency 6.3 6.4 11.0 12.4 13.1 13.5 15.1 14.8 14.0 13.0 Special drawing rights 0.0 0.0 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 All other currencies 11.1 8.4 4.0 4.0 4.0 3.3 3.5 3.5 3.3 2.8 283 INDIA (US$ million, unless otherwise inidicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 7. DIEBT REsTRUL'TIL RINGS Total amount rescheduled 0 0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven . 0 0 0 0 0 0 0 0 Memo: interest forgiveon. 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8. D)EB RU IOC K-F 1.0W RECONCILIAXTION Total chaoge in debt stocks ... 8,310 1,705 4,843 4,078 8.140 -8,095 -952 969 Net flows ono debt .. 6,011 3,661 4,665 1,863 1,872 -714 742 2-35 Net change in interest arrears 0 0 0 0 0 0 0 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction ..0 0 0 0 0 0 0 0 Cross-currency valuation 1,232 799 1,172 1,365 6,238 -3,935 -3,547 -1,657 Residual ... 1,066 -2,756 -994 850 31 -3,447 1,853 2,391 YI. A%% ER.AGE TERMIS OF -NE%COlIIME ALL CREDITORS Interest (%) 2.5 5.6 5.2 5.8 5.0 5.9 3.9 3.5 4.4 5.1 Maturity (years) 34.1 32.5 22.5 20.3 23.3 19.0 25.0 25.3 20.7 22.9 Grace period (years) 8.2 7.4 7.8 6.8 6.8 5.2 8.0 8.1 6.9 6.5 Granit elemienit (%) 60.8 42.9 35.8 31.6 36.4 27.4 47.4 50.3 38.1 35.9 Official creditors Interest (%) 2.2 2.5 3.8 4.2 3.5 4.0 3.5 3.3 3.7 3.9 Maturity (years) 35.5 40.7 28.8 25.8 29.6 26.7 27.2 27.2 28.9 27.1 Grace period (years) 8.5 8.6 8.4 7.4 6.7 7.1 8.6 8.4 8.3 7.9 Grant element (%) 63.7 65.0 50.1 44.3 51.5 45.9 52.0 53.5 50.8 48.1 Private creditors Interest (%) 6.3 14.0 6.7 9.4 7.2 7.8 7.0 5.1 5.7 7.0 Maturity (years) 12.9 10.7 15.6 8.0 14.2 11.5 8.2 6.9 7.6 16.4 Grace period (years) 4.5 4.0 7.1 5.3 6.9 3.4 3.6 5.2 4.8 4.2 Grant element (%) 19.1 -15.5 20.0 2.8 14.6 9.0 11.9 20.2 18.1 16.8 Memorandum items Commitments 954 5,158 8,228 7,949 8,898 8,428 4,600 4,680 7,588 6,536 Official creditors 892 3,745 4,318 5.509 5,255 4,199 4,074 4,227 4,648 3,980 Private creditors 62 1,413 3.910 2,441 3,643 4,228 526 452 2,940 2.556 II'. (ON ]']Z-CTL.AL O[ILIG.-. lI-ONS ON Ut rSr rxNDING I.ONG-TERM DE--BT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 6,380 4,547 2,966 1,840 946 462 349 196 142 93 Principal 6,010 6,480 5,573 6,025 6,753 5,414 4,795 4,222 4,083 4,779 Interest 4,077 3,927 3,732 3,448 3.181 2,871 2,612 2,410 2,236 2,045 Ofricial creditors Disbursements 5,751 4,364 2,926 1.827 943 461 349 196 142 93 Principal 2,840 2,940 3,188 3,087 3,194 3,235 3,177 3,071 3.060 3,003 Interest 1,681 1,696 1,672 1,578 1,481 1,368 1,250 1,135 1,024 928 Bilateral creditors Disbursements 2,855 1,996 1,186 651 323 134 74 1 10 Principal 1,411 1,423 1,542 1,383 1,454 1,438 1,403 1,330 1,336 1,337 Interest 692 708 705 654 618 575 529 486 446 419 Multilateral creditors Disbursements 2,897 2,368 1,740 1,176 620 326 275 194 141 93 Principal 1,429 1,518 1,646 1,704 1,740 1,798 1,775 1,741 1,724 1,666 Interest 989 988 967 924 862 793 721 649 578 509 Private creditors Disbursements 628 183 40 14 3 1 0 0 0 0 Principal 3,170 3,539 2,385 2,938 3.559 2,179 1,617 1,151 1,022 1,776 Interest 2,397 2,231 2,060 1,870 1,700 1,503 1,362 1,275 1,212 1,117 Commercial banks Disbursements 126 36 4 1 0 0 0 0 0 0 Principal 790 1,216 894 1.412 2,199 966 598 569 512 495 Interest 1,438 1,388 1.315 1,242 1,145 1,033 977 938 900 866 Other private Disbursements 503 147 36 13 3 1 0 0 0 0 PTincipal 2,380 2,323 1,~491 1,525 1,361 1.213 1,020 583 510 1,281 Interest 958 843 745 628 555 470 385 337 312 251 284 INDONESIA (UJS$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SLiNThIARY DEBTU DATX% TOTAL DEBT STOCKS (EDT) 20,938 69,872 79,548 88,002 89,172 107,824 124,398 128,941 136,174 Long-term debt (LDOD) 2,948 18,163 58,242 65,067 69,945 71,185 88,367 98,432 96,710 97,199 Public and publicly guaranteed 2,487 15,021 47,982 51,891 53,664 57,156 63,926 65,309 60,016 55,869 Private nonguaranteed 461 3,142 10,261 13,176 16,281 14,029 24,441 33,123 36,694 41,330 Use of I.MF credit 139 0 494 166 0 0 0 0 0 2,970 Short-term debt 2,775 11,135 14,315 18,057 17,987 19,457 25,966 32,230 36,004 of which interest arrears on LDOD ..0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 1 1 1 1 0 0 0 0 Official credirors ..0 1 1 1 1 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: export credits 10,032 11,535 13,670 15,137 17,711 19,417 19,217 20J174 TOTAL DEBT FLOWS Disbursements 674 3,246 10,024 11,758 13,533 8,084 12,547 13,629 20,973 22,462 Long-term debt 636 3,246 10,024 11,758 13,533 8,084 12,547 13,629 20,973 19,433 IMF purchases 38 0 0 0 0 0 0 0 0 3,029 Principal repayments 123 1,633 5,969 6,858 7,944 91138 8,951 10,197 14,892 13,010 Long-term debt 120 1,633 5,812 6,541 7,781 9,138 8,951 10,197 14,892 13,010 IMF repurchases 3 0 157 317 163 0 0 0 0 0 Net flows on debt 551 1,613 7,216 8,080 9,331 -1,124 5,066 9,941 12,346 13,227 of which short-term debt ... 3,160 3,180 3,742 -70 1,470 6,509 6,264 3,774 Interest payments (INT) .. 1,452 3,978 4,618 4,513 4,951 5,316 6,219 6,647 6,727 Long-term debt 46 1,182 3,413 3,770 3,771 4,112 4,174 4,935 5,115 5,117 IMF charges 0 0 59 31 5 0 0 0 0 0 Short-term debt .. 270 506 816 737 840 1,142 1,284 1,533 1,610 Net transfers on debt 161 3,238 3,463 4,819 -6,075 -251 3,722 5,698 6,500 Total debt service paid (TDS) .. 3,084 9,946 11,475 12,457 14,089 14,267 16,416 21,539 19,736 Long-term debt 165 2,814 9,224 10,311 11,552 13,249 13,125 15,132 20,006 18,126 IMF repurchases and charges 3 0 216 348 168 0 0 0 0 0 Short-term debt (interest only) .. 270 506 816 737 840 1,142 1,284 1,533 1,610 2. AGGRE(;. AYE NET RESOUTRC'E FL.O%VS A%ND NET TRANSFERS iLONG-i ERM1 NET RESOURCE FLOWS 686 1,902 5,901 6,961 7,946 3,622 9,594 12,901 15,564 11,581 Net flow of long-term debt (ex. IMF) 517 1,613 4,213 5,217 5,752 -1,053 3,596 3,432 6,081 6,423 Foreign direct investment (net) 83 180 1,093 1,482 1,777 2,004 2,109 4,348 6,194 4,677 Portfolio equity flows 0 0 312 0 119 2,452 3,672 4,873 3,099 298 Grants (excluding technical coop.) 87 109 283 262 298 219 218 249 190 183 Memo: technical coop. grants 26 187 407 451 437 430 447 496 412 389 official net resource flows 441 914 2,666 3,512 3,395 2,563 1,849 1,378 -603 718 private net resource flows 245 987 3,235 3,450 4,550 1,059 7,745 11,523 16,167 10,863 NET TRANSFERS 513 -2,514 296 873 1,552 -3,067 2,620 4,967 7,050 3,164 Interest on long-term debt 46 1,182 3,413 3,770 3,771 4,112 4,174 4,935 5,115 5,117 Profit remittances on FDI 128 3,234 2, 192 2,318 2,623 2,577 2,800 3,000 3,400 3,300 Memo: official net transfers 421 602 1,081 1,718 1,379 308 -633 -1,288 -3,008 -1,378 private net transfers 92 -3,116 -785 -844 173 -3,375 3,253 6,255 10,058 4,542 3. IMAJOR EC ON'OMIC -%GU-REU-G TES Gross national product (GNP) 9,698 74,806 109,209 122,573 132,938 151,992 170,284 192,474 221,277 208.686 Exports of goods & services (XGS) ... 29,870 33,504 38,234 41,940 46,517 54,880 58,793 65,818 of which workers remittances ... 166 130 229 346 449 651 796 725 Imports of goods & services (MGS) ... 33,110 37,896 41,356 44,237 49,479 61,641 66,597 71,017 International reserves (RES) 160 6,803 8,657 10,358 11,482 12,474 13,321 14,908 19,396 17,487 Current account balance ... -2,988 -4,260 -2,780 -2,106 -2,792 -6,431 -7,663 -4.890 4. DEB I' INDICATORS EDT /XGS ()... 233.9 237.4 230.2 212.6 231.8 226.7 219.3 206.9 EDT /GNP (% . 28.0 64.0 64.9 66.2 58.7 63.3 64.6 58.3 65.3 TDS iXGS ()... 33.3 34.3 32.6 33.6 30.7 29.9 36.6 30.0 INT I XGS (). 13.3 13.8 11.8 11.8 11.4 11.3 11.3 10.2 TNT /GNP(% . 1.9 3.6 3.8 3.4 3.3 3.1 3.2 3.0 3.2 RES/EDT(% . 32.5 12.4 13.0 13.0 14.0 12.4 12.0 15.0 12.8 RES /MGS (months) ... 3.1 3.3 3.3 3.4 3.2 2.9 3.5 3.0 Short-term / EDT (%) .. 13.3 15.9 18.0 20.5 20.2 18.0 20.9 25.0 26.4 Concessional I EDT (% . 36.4 26.4 26.2 24.9 27.2 25.8 22.5 20.3 17.7 Multilateral / EDT (%) .. 8.8 20.4 20.1 18.7 20.0 17.8 16.1 13.4 11.6 285 INDONESIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 S. L-ONG- IERM% DE BI DEBT OUTSTANDING (LDOD) 2,948 18,163 58,242 65,067 69,945 71,185 88,367 98,432 96,710 97,199 Public and publicly guaranteed 2,487 15,021 47,982 51,891 53,664 57.156 63,926 65,309 60,016 55,869 Official creditors 2,206 9,563 33,007 37,507 40,024 44,263 49.968 51,250 46,148 42,524 Multilateral 6 1,834 14,285 15,996 16,424 17,822 19,165 20,013 17,248 15,799 Concessional 6 661 1,369 1,483 1,500 1,557 1,637 1,668 1,663 1,581 Bilateral 2,200 7,729 18,722 21,511 23,600 26,441 30,804 31,237 28,899 26,725 Concessional 1,981 6,961 17,088 19,388 20,431 22,671 26,226 26.304 24,485 22,509 Private creditors 281 5,458 14,975 14.384 13,640 12,893 13,958 14,059 13,868 13,345 Bonds 0 199 696 680 580 99 99 704 1,141 1,191 Commercial banks 1 2,431 8,606 8,290 8,076 7,631 7,426 6,714 5,996 5,884 Other private 280 2,828 5,673 5,414 4,984 5.163 6,434 6,642 6,732 6,270 Private nonguaranteed 461 3,142 10,261 13,176 16,281 14,029 24,441 33,123 36,694 41,330 Bonds 0 0 120 515 751 1,233 1,750 3,420 6,666 9,661 Commercial banks 461 3,142 10,141 12,661 15,530 12,796 22,692 29,703 30,029 31,669 Memo: IBRD 0 11,040 9,542 I0,597 10,640 11,283 12,008 12,503 11,139 9,991 IDA 5 566 842 829 814 796 776 756 736 715 DISBURSEMENTS 636 3,246 10,024 11,758 13,533 8,084 12,547 13,629 20,973 19,433 Public and publicly guaranteed 441 2,551 5,009 6,944 7,830 6,889 7,627 6,665 7,532 6,304 Official creditors 376 1,130 3,969 5,013 5,075 4.477 4,915 4,254 3,961 3,960 Multilateral 4 431 1,794 2,083 1,648 1,871 1,854 1,777 1,696 1,586 Concessional 4 48 145 120 63 64 61 80 103 35 Bilateral 372 698 2,175 2,930 3,427 2,606 3,061 2,477 2,266 2,374 Concessional 372 592 1,979 2,206 2,046 1.755 2,261 1,923 1,841 1,657 Private creditors 66 1,421 1,041 1,931 2,755 2,412 2,711 2,411 3,571 2,344 Bonds 0 45 0 0 0 0 0 605 510 50 Commercial banks 0 1,013 487 1,109 1.723 1,128 831 938 1.784 1.351 Other private 66 363 554 822 1,031 1,284 1,880 869 1,277 943 Private nonguaranteed 195 695 5,015 4,814 5,703 1,195 4,920 6,963 13,441 13,129 Bonds 0 0 120 393 244 485 495 1,763 3,531 3,378 Commercial banks 195 695 4,895 4,421 5,460 710 4.425 5,200 9,910 9,751 Memo: IBRD 0 331 987 1,398 1,003 1,195 1,184 1,045 905 899 IDA 3 42 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 120 1,633 5,812 6,541 7,781 9,138 8,951 10.197 14,892 13,010 Public and publicly guaranteed 59 940 4,588 4,642 5,183 5,691 5,546 5,715 8,123 5,701 Official creditors 22 324 1,586 1,763 1,978 2,133 3,284 3,125 4,753 3,425 Multilateral 0 38 677 765 872 1.008 1,888 1.289 2,980 1,671 Concessional 0 4 24 28 32 36 43 46 47 44 Bilateral 22 286 909 998 1,106 1,125 1,396 1,837 1,774 1,754 Concessional 19 184 611 721 816 769 1,037 1,271 1,211 1,207 Private creditors 37 616 3,001 2,879 3,205 3,558 2,262 2,589 3,370 2,276 Bonds 0 5 94 12 88 477 0 0 73 0 Commercial banks 1 190 1,718 1,674 1,912 1,946 1,188 1,678 2,342 1,379 Other private 37 421 1,190 1,192 1,205 1,135 1,074 911 955 897 Private nonguaranteed 61 693 1,224 1,899 2,598 3,447 3,405 4,483 6,768 7,309 Bonds 0 0 0 0 0 0 0 120 225 309 Commercial banks 61 693 1,224 1,899 2,598 3,447 3.405 4,363 6,543 7,000 Memo: IBRD 0 31 551 608 677 765 1,240 955 1,408 1,145 IDA 0 1 11 13 15 18 20 20 20 20 NET FLOWS ON DEBT 517 1,613 4,213 5,217 5,752 -1,053 3,596 3,432 6,081 6,423 Public and publicly guaranteed 383 1,611 422 2,303 2,647 1,198 2,081 951 -591 603 Official creditorS 354 806 2,382 3,250 3,097 2,344 1,631 1,129 -792 535 Multilateral 4 393 1.117 1.318 776 863 -34 488 -1,284 -85 Concessional 4 44 122 93 31 28 18 34 57 -9 Bilateral 350 413 1,265 1,932 2,321 1,481 1,666 641 492 620 Concessional 353 409 1,368 1,484 1,229 986 1,224 652 630 450 Private creditors 28 805 -1,961 -947 -451 -1,146 449 -178 201 68 Bonds 0 40 -94 -12 -88 -477 0 605 438 50 Commercial banks 0 823 -1,231 -565 -189 -818 -357 -740 -558 -28 Other private 29 -58 -636 -370 -174 149 806 -43 322 46 Private nonguaranteed 134 2 3,791 2,915 3,105 -2,252 1,515 2,481 6,673 5,821 Bonds 0 0 120 393 244 485 495 1,643 3,306 3,070 Commercial banks 134 2 3,671 2,522 2,862 -2_737 1,020 838 3,366 2.751 Memo: IBRD 0 301 436 790 327 430 -56 90 -503 -245 IDA 3 40 -11 -13 -15 -18 -20 -20 -20 -20 286 INDONESLA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 46 1,182 3,413 3,770 3,771 4,112 4,174 4,935 5,115 5,117 Public and publicly guaranteed 25 824 2,808 2,941 2,994 3,233 3,248 3,773 3,620 3,215 Official creditors 20 312 1,585 1,794 2' 016 2,255 2.482 2,666 2,406 2,095 Multilateral 0 107 990 1,113 1,202 1,~273 1,395 1,403 1,238 1,021 Concessional 0 7 1 6 1 9 23 25 25 26 29 26 Bilateral 20 205 595 682 814 982 1,087 1,263 1,167 1,075 Concessional 1 8 130 451 539 617 709 777 875 807 745 Private creditorS 5 512 1,223 1,147 978 978 767 1,108 1,214 1,120 Bonds 0 14 62 50 38 28 5 6 76 130 Commercial banks 0 268 699 673 532 564 372 656 687 593 Other private 5 230 462 424 408 387 389 446 451 397 Private nonguaranteed 21 358 605 829 777 879 926 1,161 1,495 1,901 Bonds 0 0 0 13 32 41 91 139 276 551 Commercial banks 21 358 605 816 745 838 835 1,022 1,218 1,350 Memo: IBRD 0 89 731 804 838 855 917 921 841 704 IDA 0 4 6 6 6 6 6 6 6 6 NET TRANSFERS ON DEBT 471 431 800 1,447 1,981 -5,165 -579 -1,503 967 1,307 Public and publicly guaranteed 358 787 -2,386 -638 -347 -2,034 -1,168 -2,823 -4,211 -2,612 Official creditors 334 494 798 1.456 1,081 89 -850 -1,537 -3,198 -1,560 Multilateral 4 286 128 205 -426 -410 -1.429 -915 -2,523 -1,105 Concessional 4 37 105 74 8 3 -8 8 27 -35 Bilateral 330 207 670 1,251 1,507 500 579 -622 -675 -455 Concessional 335 278 917 945 613 278 447 -223 -177 -295 Private creditors 24 294 -3,184 -2,094 -1,428 -2,124 -317 -1,286 -1,013 -1,052 Bonds 0 26 -156 -62 -126 -504 -5 599 362 -80 Commercial banks 0 555 -1,930 -1,239 -721 -1,382 -730 -1,396 -1.245 -621 Other private 24 -288 -1,098 -794 -582 -238 417 -488 -129 -351 Private nonguaranteed 113 -356 3,186 2,086 2,328 -3,131 589 1,319 5,178 3,919 Bonds 0 0 120 381 211 444 404 1,504 3,030 2,518 Commercial banks 113 -356 3,066 1,705 2,117 -3,575 185 -185 2,148 1.401 Memo: IBRD 0 212 -294 -14 -512 -424 -972 -831 -1.344 -949 IDA 3 36 -18 -20 -22 -24 -26 -26 -26 -26 DEBT SERVICE (LTDS) 165 2,814 9,224 10,311 11,552 13,249 13,125 15,132 20,006 18,126 Public and publicly guaranteed 83 1,763 7,395 7,583 8,177 8,923 8,794 9,488 11,743 8,916 Official creditors 42 636 3,171 3,558 3,994 4,388 5,765 5,791 7,159 5,520 Multilateral 0 145 1,667 1,878 2,074 2,281 3,283 2,692 4.218 2,691 Concessional 0 11 40 47 55 61 68 72 76 70 Bilateral 42 491 1,504 1,680 1,921 2,107 2,483 3,099 2,941 2,828 Concessional 37 314 1,062 1,261 1,433 1,478 1,814 2,146 2,018 1,953 Private creditors 42 1,127 4,225 4,025 4.183 4,535 3,029 3.697 4,584 3.396 Bonds 0 19 156 62 126 504 5 6 148 130 Comnmercial banks 1 458 2,417 2.348 2.444 2,5 10 1,561 2,334 3,029 1,972 Other private 41 651 1,652 1,616 1,613 1,521 1.463 1.357 1,407 1,294 Private nonguaranteed 82 1,051 1,829 2,728 3,375 4,326 4,331 5,644 8,263 9,210 Bonda 0 0 0 13 32 41 91 259 501 860 Commercial banks 82 1,051 1.829 2,716 3,342 4,285 4,240 5,385 7,762 8,350 Memo: IBRD 0 120 1,282 1.412 1.515 1,620 22156 1,875 2,249 1,848 IDA 0 5 18 20 22 24 26 26 26 26 UNDISBURSED DEBT 499 9,483 20,410 20,631 19,365 20,698 21,383 25,023 23,702 19,353 Official creditors 482 7,060 14,369 15,857 14,989 15,779 16,697 19,045 18,663 15,533 Private creditors 16 2.422 6,041 4,773 4,376 4,919 4,687 5,978 5,039 3,820 Memorandum items Concessional LDOD 1,987 7,622 18,457 20,871 21,932 24.228 27,864 27,971 26,148 24,090 Variable rate LDODJ 461 5,574 25,978 30,230 33,664 32,247 44,171 54,087 56,594 60,494 Public sector LDOD 2,485 15,021 47,982 51,891 53.664 57,156 63,926 65,309 60,016 55,869 Private sector LDOD 463 3,142 10,261 13,176 16,281 14,029 24,441 33,123 36.694 41,330 ,i. ( URRLNCN CONIPOJSF [ON OF LON(GATA:M DEBT i PER(- ENri Deutsche mark 3.9 7.8 5.0 4.9 4.7 4.1 4.8 4.9 4.8 4.7 French franc 4.5 4.0 3.4 3.6 3.7 3.3 3.3 3.7 3.7 3.3 Japanese yen 11.5 20.0 34.6 35.7 36.4 37.6 38.0 35.3 34.5 32.9 Pound sterling 2.2 0.8 1.4 1.2 1.0 0.9 0.9 0.8 1.2 1.8 Swiss franc 0.9 0.7 0.4 0.4 0.4 0.5 0.7 0.7 0.8 0.8 U.S.dollars 36.1 43.5 20.9 19.4 19.9 19.9 20.0 21.5 24.3 27.2 Multiple currency 0.0 8.6 27.3 28.0 27.6 28.0 26.7 27.2 24.7 23.3 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 All other currencies 40.9 14.7 7.0 6.7 6.3 5.6 5.5 5.8 5.9 5.9 287 INDONESIA (US$ million, iunless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT REs IRUC I LRIN GS Total amount rescheduled 0 0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 S. DEBI 'Si 0CK-FL(J%% RECO0N(IlIA lIO%'N Total change in debt stocks ... 10,470 9,676 8,454 1,170 18,652 16,574 4,542 7,233 Net flows on debt ... 7,216 8,080 9,331 -1,124 5,066 9,941 12,346 13.227 Net change in interest arrears ...0 0 0 0 0 0 0 0 IntereSt capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ..0 0 0 0 0 0 0 0 Cross-currency valuation ... 3,266 1,821 -1,148 2,741 6,435 333 -6,562 -7,055 Residual ... -12 -225 271 -448 7.151 6,301 -1.241 1,061 9. .% FRAGE I ERMNs OIF NE%% (ONI NIr MENT.N ALL CREDITORS Interest (% 2.6 8.1 6.0 6.2 5.8 5.4 5.2 5.7 5.4 5.6 Maturity (years) 34.1 19.5 21.1 19.6 19.5 19.5 19.9 17.6 19.2 16.2 Grace period (years) 9.0 5.6 6.0 5.6 5.3 5.2 5.6 5.1 6.1 4.7 Grant element (%) 59.8 17.6 28.3 25.5 26.7 29.1 30.9 27.1 29.8 24.2 Official creditors Interest (%) 2.4 5.4 5.6 6.1 5.2 4.9 4.9 5.1 4.8 6.3 Maturity (years) 35.9 25.2 23.1 21.5 21.8 23.3 23.1 21.3 23.4 19.5 Grace period (years) 9.5 7.2 6.6 6.1 6.3 6.6 6.4 5.8 6.7 4.9 Grant element (%) 62.9 36.2 32.8 27.5 33.3 36.9 35.9 33.3 37.0 22.7 Private creditors Interest (%) 6.0 12.0 7.6 6.3 7.1 6.2 6.0 6.8 6.6 4.9 Maturity (years) 8.1 11.4 14.0 14.7 15.0 13.6 12.1 10.9 11.5 12.4 Grace period (years) 2.0 3.3 4.2 4.1 3.2 3.0 3.4 3.9 5.0 4.6 Grant element (%) 14.1 -9.2 12.8 20.3 14.1 17.3 18.3 15.5 16.6 26.0 Memorandum items Commitments 520 4,277 6,691 8.811 7,878 8,137 7,712 10,954 7,796 3,431 Official creditors 487 2,524 5,190 6,321 5,185 4,923 5,495 7,108 5,057 1,816 Private creditors 33 1,753 1,502 2,490 2,693 3,214 2,217 3,846 2,738 1,614 Ii. UONr%R.-%AC` 11 L. OBLIC; .VTI(0NS ON 01 TSI[.%\D[ G LO %G-TLRNI DE B- 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 6,864 5.314 3,621 1,919 738 355 200 16 7 2 Principal 18,071 16,058 14,347 10,498 7,107 5,332 4,898 5,271 4,687 4,629 Interest 5,453 4,691 3,974 3,283 2,787 2,423 2,111 1,886 1,559 1,311 Official creditors Disbursemnents 4,786 4.340 3,299 1,795 734 355 200 16 7 2 Principal 3,200 3,359 3,475 3,686 3,797 3,734 3,563 3.386 3,269 3,064 Interest 2,112 2,128 2,151 2,070 1,914 1.733 1,550 1.375 1,211 1,055 Bilateral creditors Disbursements 2,628 1,916 1,107 612 308 138 60 1 0 0 Principal 1,962 2,052 2,037 2,073 2,047 1,974 1.871 1,783 1,~728 1.607 Interest 1,024 976 947 876 792 710 631 560 496 437 Multilateral creditors Disbursements 2,158 2,425 2,191 1,183 426 217 140 15 7 2 Principal 1,239 1,308 1.438 1,613 1.750 1,760 1,692 1,604 1,541 1,457 Interest 1,088 1,152 1,204 1,194 1,121 1,023 920 815 716 618 Private creditors Disbursements 2,079 974 322 124 4 0 0 0 0 0 Principal 14,871 12.699 10,872 6,812 3.310 1,599 1.335 1.885 1,417 1,565 Interest 3,341 2,563 1,823 1,214 873 690 561 511 348 257 Commercial banks Disbursements 1,619 798 268 113 0 0 0 0 0 0 Principal 2,281 1,511 1,117 914 649 419 756 692 75 59 Interest 637 467 267 199 144 102 44 27 15 10 Other private Disbursements 460 176 55 11 4 0 0 0 0 0 Principal 12,590 11,188 9,755 5,898 2,661 1,179 578 1.193 1,342 1,506 Interest 2,704 2,097 1,556 1,015 730 588 517 484 333 247 288 IRAN, ISLAMIC REPUBLIC OF (US$ mnillionz, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUMIMARY DEB[ DA[A TOTAL DEBT STOCKS (EDT) 4,500 9,021 11,330 16,084 23,502 22,634 21,880 16,706 11,816 Long-term debt (LDOD) 4,500 1,797 2,065 1,780 5,899 15,922 15,431 11,951 8,463 Public and publicly guaranteed 4,500 1,797 2,065 1,780 5,899 15,530 15,117 111715 8,256 Private nonguaranteed 0 0 0 0 0 392 314 236 207 Useof IMF credit ..0 0 0 0 0 0 0 0 0 Short-term debt 0 7,224 9,266 14,304 17,604 6,712 6,449 4,755 3,354 of which interest arrears on LDOD 0 456 451 4 4 5 6 1 1 Official creditors 0 6 0 0 0 0 2 0 0 Private creditors 0 449 450 4 4 5 5 1 1 Memo: principal arrears on LDOD 1 1,517 1,493 37 37 50 48 33 38 Official creditors 1 29 2 0 0 0 0 0 0 Private creditors 0 1,488 1,492 37 37 50 48 33 38 Memo: export credits 7,826 8.764 8,677 94112 13,474 12.673 11,550 9,267 TOTAL DEBT FLOWS Disbursements 264 139 438 1,411 1,729 1,874 980 946 898 Long-term debt 264 139 438 1,411 1,729 1,874 980 946 898 IMFEpurchases ..0 0 0 0 0 0 0 0 0 Principal repayments 527 225 184 193 389 2,388 4,198 5,153 5,296 Long-term debt 527 225 184 193 389 2,388 4,198 5,153 5,296 IMF repurchases ..0 0 0 0 0 0 0 0 0 Net flows on debt -263 2,480 2,301 6,704 7,425 -621 -303 -4,091 -5,799 of which short-term debt 2,566 2,047 5,485 6,086 -108 2,914 116 -1,401 Interest payments (INT) 431 430 619 878 1,414 905 1,627 1,380 978 Long-term debt 431 28 41 93 182 273 1,132 1,113 790 IMFecharges ..0 0 0 0 0 0 0 0 0 Short-term debt ..0 402 578 785 1,232 632 494 267 188 Net transfers on debt -694 2,050 1,682 5,825 6,011 -1,526 -1,930 -5,471 -6,777 Total debt ser-vice paid (TDS) 959 655 803 1,071 1,803 3,293 5,824 6,533 6,274 Long-term debt .. 959 253 225 286 571 2,661 5.330 6,266 6.086 IMF repurchases and charges ..0 0 0 0 0 0 0 0 0 Short-term debt (interest only) ..0 402 578 785 1_'32 632 494 267 188 2. AGGREC. TEN NET RESOU RC E FLO%% S. AND NE 1 TRA.'NSFERS kLONG-TfERNIj NET RESOURCE FLOWS .. 262 -371 339 1,274 1,384 -455 -3,159 -4,137 -4,297 Net flow of long-term debt (ex. IMF) .. -263 -86 254 1,219 1,339 -513 -3,217 -4,207 -4,398 Foreign direct investment (net) ..0 -362 0 0 0 2 17 26 50 Portfolio equity flows ..0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) ..1 76 85 55 45 56 41 44 51 Memo: technical coop. grants .. 19 99 150 110 114 93 107 103 83 official net resourCe flows . -84 21 -5 104 130 -1,509 -3,062 -3,695 -3,993 private net resource flows .. 178 -392 344 1,170 1,254 1,054 -98 -442 -303 NET TRANSFERS -1,091 -477 213 1,024 1,202 -729 -4,292 -5,250 -5,087 Interest on long-term debt .. 431 28 41 93 182 273 1.132 1,113 790 Profit remittances on FDI .. 398 78 85 157 0 0 0 0 0 Memo: official net transfers .. 149 7 -25 92 101 -1,534 -3,848 -4,566 -4,519 private net transfers .. 942 -485 237 932 1,101 805 -443 -684 -568 3. MAJOR ECONONITCAGGREGATELS Gross national product (GNP) .. 93,270 119,290 120,840 109,400 111,603 64,161 88,902 102,420 123,560 Exports of goods & services (XGS) .. 14,073 20,197 19,542 20,714 19,315 20,014 19,269 23,739 19,466 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 16,509 22,370 30,990 29,214 25,030 16,256 15,907 18,970 18,313 International reserves (RES) .. 12,783 . .. .. Current account balance .. -2,438 327 -9,448 -6,504 - 4,2 15 4,956 3,358 5,232 4. DEBI' INDICATOR.N EDT / XGS (%7) .. 32.0 44.7 58.0 77.6 121.7 113.1 113.6 70.4 60.7 EDT ,.'GNP (% . 4.8 7.6 9.4 14.7 21.1 35.3 24.6 16.3 9.6 TDS,' XGS (% . 6.8 3. 2 4.1 5.2 9.3 16.5 30.2 27.5 32.2 INT /"XGS (% . 3.1 2.1 3.2 4.2 7.3 4.5 8.4 5.8 5.0 INT / GNP (% . 0.5 0.4 0.5 0.8 1.3 1.4 1.8 1.3 0.8 RES,/EDT(%) .. 284.0.... .... RES ," MGS (months) .. 9.3 . Short-term / EDT (91) .. 0.0 80.1 81.8 88.9 74.9 29.7 29.5 28.5 28.4 Concessional / EDT (%) .. 5.9 1.2 0.6 0.4 0.2 0.8 1.7 2.7 5.3 Multilateral / EDT (%) .. 13.8 1.3 0.7 0.9 0.9 1.4 1.7 3.2 4.5 289 IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5.. LONG-TER-N DEBTl DEBT OUTSTANDING (LDOD) .. 4,500 1,797 2,065 1,780 5,899 15,922 15,431 11,951 8,463 Public and publicly guaranteed .. 4,500 1,797 2,065 1,780 5,899 15,530 15,117 11,715 8,256 Official creditors 903 225 140 197 3,081 11,423 11,356 8,728 5,788 Multilateral 622 116 76 138 211 323 382 537 530 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 282 110 65 59 2,870 11,101 10,974 8,192 5,258 Concessional 264 110 65 58 47 188 381 452 629 Private creditors 3,597 1,572 1,924 1,583 2,818 4,107 3,761 2.987 2,468 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 1,055 1,055 1,055 0 6 6 5 294 358 Other private 2,542 517 869 1,583 2,812 4,101 3,756 2,693 2,111 Private nonguaranteed ..0 0 0 0 0 392 314 236 207 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 392 314 236 207 Memo: IBRD 0 622 86 46 133 190 260 316 387 42 1 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS .. 264 139 438 1,411 1,729 1,874 980 946 898 Public and publicly guaranteed .. 264 139 438 1,411 1,729 1,482 980 946 898 Official creditors 4 30 0 120 160 332 395 405 322 Multilateral 4 30 0 119 74 101 125 235 95 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 0 0 0 1 86 231 270 170 227 Concessional 0 0 0 0 50 153 224 159 218 Private creditors 261 109 438 1,291 1,569 1,151 586 542 576 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 6 0 1 326 196 Other private 261 109 438 1,291 1,562 1151 585 216 380 Private nonguaranteed ..0 0 0 0 0 392 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 392 0 0 0 Memo: IBRD 0 4 0 0 114 58 48 85 137 78 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS .. 527 225 184 193 389 2,388 4,198 5,153 5,296 Public and publicly guaranteed .. 527 225 184 193 389 2,388 4,120 5,075 5,266 Official creditors .. 89 86 90 71 74 1,896 3,497 4.143 4.367 Multilateral .. 70 67 40 56 7 19 41 42 86 Concessional ..0 0 0 0 0 0 0 0 0 Bilateral .. 19 18 49 15 67 1,877 3,456 4,102 4,280 Concessional ..9 18 49 15 67 19 20 71 26 Private creditors .. 439 139 94 121 315 491 622 932 900 Boiids ..0 0 0 0 0 0 0 0 0 Commercial banks .. 45 0 0 0 0 2 1 34 126 Other private .. 394 139 94 121 315 490 621 899 774 Private nonguaranteed ..0 0 0 0 0 0 78 78 30 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 0 78 78 30 Memo: IBRD 0 70 67 40 26 7 8 6 27 29 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT .. -263 -86 254 1,219 1,339 -513 -3,217 -4,207 -4,398 Public and publicly guaranteed .. -263 -86 254 1,219 1,339 -905 -3,139 -4,129 -4,368 Official creditors .. -85 -56 -90 49 85 -1,565 -3,103 -3,739 -4,045 Multilateral .. -66 -37 -40 63 67 82 83 193 9 Concessional ..0 0 0 0 0 0 0 0 0 Bilateral .. -19 -18 -49 -14 19 -1,647 -3.186 -3.932 -4,053 Concessional ..-9 -18 -49 -15 -18 134 204 89 192 Private creditors .. -178 -30 344 1,170 1,254 660 -37 -390 -324 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks .. -45 0 0 0 6 -2 -1 292 71 Other private .. -133 -30 344 1,170 1,248 661 -36 -683 -395 Private nonguaranteed ..0 0 0 0 0 392 -78 -78 -30 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 392 -78 -78 -30 Memo: IBRD 0 -66 -67 -40 88 51 40 79 110 49 IDA 0 0 0 0 0 0 0 0 0 0 290 IRAN, ISLAMIC REPUBLIC OF (US$ million, unless otherwise inidicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 431 28 41 93 182 273 1,132 1,113 790 Public and publicly guaranteed 431 28 41 93 182 273 1,107 1,093 775 Official creditors 65 14 20 12 30 25 787 871 525 Multilateral 49 10 8 9 12 19 27 33 38 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 16 4 12 3 17 6 759 838 488 Concessional 14 4 12 3 5 3 17 24 31 Private creditors 366 14 21 81 153 249 321 222 250 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks 153 0 0 0 0 0 0 16 23 Other private 213 14 21 81 153 248 320 205 227 Private nonguaranteed 0 0 0 0 0 0 25 20 1s Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 25 20 15 Memo: IBRD 0 49 10 5 6 12 16 19 23 26 IDA 0 0 0 0 -0 0 0 0 0 0 NET TRANSFERS ON DEBT -694 -114 213 1,126 1,157 -787 -4,350 -5,320 -5,188 Public and publicly guaranteed -694 -114 213 1,126 1,157 -1,179 -4,247 -5,222 -5,144 Official creditors -150 -69 -110 37 56 -1,590 -3.889 -4,610 -4,570 Multilateral -116 -47 -48 54 55 63 56 160 -29 Concessional 0 0 0 0 0 0 0 0 0 Bilateral .. -35 -22 -62 -18 1 -1,653 -3,945 -4,769 -4,541 Concessional -24 -22 -62 -19 -23 131 187 65 160 Private creditors -544 -45 323 1,089 1,10 411 -357 -612 -573 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks .. 198 0 0 0 6 -2 -1 276 48 Other private -346 -45 323 1,089 1,095 413 -357 -888 -621 Private nonguaranteed -.0 0 0 0 0 392 -103 -98 -45 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 392 -103 -98 -45 Memo: IBRD 0 -116 -77 -46 82 39 24 61 87 23 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) -- 959 253 225 286 571 2,661 5,330 6,266 6,086 Public and publicly guaranteed -- 959 253 225 286 571 2,661 5,227 6,168 6,041 Official creditors 154 99 110 83 104 1,921 4,284 5,014 4,892 Multilateral 119 77 48 65 19 38 68 75 124 Concessional 0 0 0 0 0 0 0 0 0 Bilateral .. 35 22 62 19 85 1,884 4,216 4,939 4,768 Concessional .. 24 22 62 19 73 23 37 94 57 Private creditors .. 805 154 115 202 467 740 943 1,154 1,149 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks .. 198 0 0 0 0 2 1 50 149 Other private 607 154 115 202 467 738 942 1,104 1,001 Private nonguaranteed --0 0 0 0 0 0 103 98 45 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 0 103 98 45 Memo: IBRD 0 119 77 46 32 19 24 24 50 55 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 1,173 1,512 3,755 5,663 4,423 3,198 3,991 4,431 3,621 Official creditors .. 63 250 286 2,004 2,411 1,592 1,406 1.064 751 Private creditors .. 1,109 1.262 3,469 3,659 2,012 1,606 2.585 3,367 2,870 Memorandum items Concessional LDOD .. 264 110 65 58 47 188 381 452 629 Variable rate LDOD .. 1,706 1,273 1,669 1,460 5,385 15.240 14,806 11,352 7,925 Public sector LDOD .. 4,500 1,797 2,065 1,780 5,897 15,505 15,033 11,607 8,144 Private sector LDOD ..0 0 0 0 2 417 398 345 319 6. tI RR EN C I CONIPO 1I I ION OF I -0N G- I E -RA I D E BT (PE RCE NIi Deutsche mark .. 15.5 0.0 19.2 72.1 33.2 17.9 16.0 13.7 13.4 French franc .. 8.8 0.7 0.6 0.8 2.2 2.2 2.5 2.4 2.4 Japanese yen .. 9.0 4.2 3.1 8.7 7.0 4.4 4.9 5.7 7.2 Pound sterling .. 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss frattc .. 0.0 0.0 0.0 2.3 1.6 0.8 0.6 0.5 0.7 U.S.dollars .. 43.4 88.6 73.4 2.4 49.4 70.5 71.5 71.6 67.5 Multiple currencv . 13.8 6.4 3.7 7.5 3.2 1.7 2.1 3.3 5.1 Special drawing rights .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies .. 8.6 0.1 0.0 6.2 3.5 2.6 2.4 2.7 3.6 291 IRAN, ISLAMIC REPUBLIC OF (US$ millioni, uinless other.vise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT REsTRULTURJN(JS Total amount rescheduled ..0 0 0 0 2,786 10,785 3,178 1,805 0 Debt stuck rescheduled ..0 0 0 0 2,786 10,785 3.178 1,805 0 Principal rescheduled ..0 0 0 0 0 0 0 0 0 Official ..0 0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 0 Interest rescheduled ..0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 00 0 0 Private ..0 0 0 0 0 0 0 0 0 Debt forgiven ...0 0 0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction ..0 0 0 0 0 0 0 0 0 of which debt buyback ..0 0 0 0 0 0 0 0 0 S. I)EB r S'1CM. K-FtO0l% RECONCILIA 1nON' Total change in debt stocks ... 2,502 2,310 4,754 7,419 -869 -753 -5,175 -4,890 Net flows on debt ... 2,480 2,301 6,704 7,425 -621 -303 -4,091 -5,799 Net change in interest arrears ...1 -5 -447 0 1 1 -6 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 0 0 Cross-currency valuation ...-9 9 39 -19 883 -331 -405 -196 Residual ... 30 4 -1,542 12 -1,131 -121 -673 1,105 9. .%%lRAGE I1 ERMIS Of NE%l C.ONISI IT ENLNtS; ALL CREDITORS Interest (%) .. 0.0 8.4 7.3 5.4 4.6 6.3 6.6 5.9 6.6 Maturity (years) .. 0.0 9.2 7.5 9.1 19.4 6.1 8.4 9.6 9.1 Grace period (years) .. 0.0 4.0 3.1 3.4 2.4 1.9 3.1 2.8 2.2 Grant element (%) .. 0.0 6.2 9.8 19.6 31.4 11.0 13.6 16.9 13.1 Official creditors Interest (%) .. 0.0 7.8 11.6 4.9 4.6 6.4 7.0 8.3 0.0 Maturity (years) .. 0.0 13.5 7.5 10.3 20.8 3.9 7.8 7.3 0.0 Grace period (years) .. 0.0 5.0 3.2 3.7 2.5 3.6 3.1 3.3 0.0 Grant element (% . 0.0 t11.7 -2.5 2.1 33.0 10.7 10.5 4.4 0.0 Private creditors Interest (%) .. 0.0 8.6 7.3 6.0 4.3 6.3 6.5 5.7 6.6 Maturity (years) .. 0.0 7.9 7.5 7.5 6.1 6.3 8.6 9.8 9.1 Grace period (years) .. 0.0 3.7 3.1 3.0 1.7 1.8 3.1 2.7 2.2 Grant element (%) .. 0.0 4.6 10.0 15.0 17.0 11.1 14.1 17.9 13.1 Memorandum items Commitments ..0 1,241 2.603 3,214 630 335 1,941 1,464 254 Official creditors ..0 280 36 1,844 567 26 267 106 0 Private creditors ..0 961 2,567 1,370 64 309 1,674 1,359 254 Ii. CON I RACTI %I 0JBI. IG AiIONs,-O% OLI-iSIA.NDING LONGA-WKMI DLBIII 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 1,607 1,161 532 200 66 26 16 11 4 0 Principal 2,448 2,427 2,278 1,814 1,028 547 455 301 228 186 Interest 522 441 367 255 163 108 78 53 36 23 Official creditors Disbursemnents 257 204 129 65 40 26 16 1 1 4 0 Principal 1,235 1,429 1,423 1,236 532 106 93 92 69 66 Interest 334 269 193 116 56 33 28 23 18 14 Bilateral creditors Disbursements 145 118 67 24 10 3 0 0 0 0 Principal 1,117 1,329 1,329 1,147 450 30 18 18 18 18 Interest 294 231 158 84 28 8 7 7 6 5 Multilateral creditors Disbursements 112 86 62 42 30 23 16 11 4 0 Principal 118 99 94 89 82 76 75 74 51 48 Interest 40 38 35 32 28 24 20 16 12 9 Private creditors Disbursements 1,350 957 403 135 26 0 0 0 0 0 Principal 1,213 999 855 578 496 441 362 209 159 120 Interest 188 172 174 139 107 76 50 30 18 9 Commercial banks Disbursements 694 436 172 69 0 0 0 0 0 0 Principal 82 125 264 274 238 236 229 101 80 63 Interest 39 50 81 70 55 40 26 14 9 4 Other private Disbursements 656 521 231 66 26 0 0 0 0 0 Principal 1,131 874 591 304 258 205 133 107 79 58 Interest 149 122 93 69 53 36 24 17 10 5 292 JANIAICA (US$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. %Li MM AIn DEBT DAT.A TOTAL DEBT STOCKS (EDT) 1,913 4,671 4,409 4,256 4,102 4,315 4,262 3,981 3,913 Long-term debt (LDOD) 982 1,505 3,968 3,737 3,588 3,478 3,514 3,527 3,247 3,109 Public and publicly guaranteed 160 1,430 3,934 3,709 3,560 3.450 3.436 3,399 3,124 2,921 Private nonguaranteed 822 75 34 28 28 28 78 128 123 188 Use of IMF credit 0 309 357 391 357 335 318 240 161 118 Short-term debt 98 347 281 311 289 483 494 572 686 of which interest arrears on LDOD ..0 125 127 135 135 107 104 96 74 Official creditors ..0 87 87 92 99 92 89 81 68 Private creditors 0 37 40 43 35 15 15 14 7 Memo: principal arrears on LDOD .. 27 157 218 215 257 194 197 194 153 Official creditors ..8 84 126 143 177 158 160 159 128 Private creditors .. 19 73 92 72 80 36 37 36 25 Memo: export credits ... 651 679 559 537 521 523 507 398 TOTAL DEBT FLOWS Disbursements 184 363 340 542 382 272 210 301 211 391 Long-term debt 180 363 284 423 323 221 161 291 211 39J IMF purchases 4 0 56 119 59 51 49 11 0 0 Principal repayments 170 121 401 452 469 337 373 437 447 433 Long-term debt 170 102 290 364 391 265 286 342 375 399 IMF repurchases 0 19 112 88 79 72 87 96 72 35 Net flows on debt 13 242 -106 23 -66 -88 59 -122 -149 93 of which short-term debt ... -45 -68 22 -22 222 14 87 136 Initerest payments (INT) 159 260 240 212 203 215 236 227 208 Long-term debt 64 121 202 192 168 167 184 196 192 169 IMF charges 0 23 34 31 29 24 17 17 9 7 Short-term debt .. 15 24 17 16 12 14 24 26 33 Net transfers on debt -- 83 -366 -218 -278 -291 -156 -358 -376 -115 Total debt service paid (TDS) 280 662 692 682 541 588 673 674 641 Long-term debt 234 223 492 556 558 432 470 538 567 568 IMF repurchases and charges 0 42 145 119 108 97 105 112 81 41 Short-term debt (interest only) .. 15 24 17 16 12 14 24 26 33 2. AGGREGATE N ET RIESOL lICE F.OQNS AND) NET TRANSFERS, LONG41 E R.Mi NET RESOURCE FLOWS 174 301 249 474 132 276 136 257 150 166 Net flow of long-term debt (ex. IMP) 10 261 -6 59 -68 -44 -125 -51 -163 -8 Foreign direct investment (net) 162 28 138 133 142 78 170 245 273 137 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 3 13 117 282 57 242 91 63 40 38 Memo: technical coop. grants 5 17 35 42 40 42 42 52 38 38 official net resour-ce flows 14 293 157 404 1 200 -41 -16 -135 -211 private net resource flows 160 9 92 70 131 77 176 273 285 377 NET TRANSFERS 6 66 -142 110 -93 105 -73 31 -73 -38 Interest on long-term debt 64 121 202 192 168 167 184 196 192 169 Profit remittances on FDI 105 114 189 172 57 5 24 31 30 35 Memo: official net transfers 12 247 -7 245 -144 49 -187 -178 -298 -348 private net transfers -6 -181 -135 -135 51 55 114 208 225 311 S. MAL-JOR ECONOMIC AGGREGATES Gross national product (GNP) 1,400 2,425 3,805 3,317 2,887 3,814 3,760 3,910 3,938 4,007 Exports of goods & services (XGS) .. 1,472 2,461 2.384 2,453 2,670 3.434 3,953 3,921 3,963 of which workers remittances .. 51 136 136 158 187 458 582 636 652 Imports of goods & services (MGS) .. 1,678 2,928 2,757 2,624 3,057 3,420 4,146 4,131 4,310 International reserves (RES) .. 105 168 106 324 . Current account balance .. 136 -312 -240 29 -184 7 -183 -238 -376 41. DEBT 'IN DWCVI ORS EDT /XGS ().. 129.9 189.8 184.9 173.5 153.6 125.6 107.8 101.5 98.7 EDT /GNP ().. 78.9 122.8 132.9 147.4 107.5 114.7 109.0 101.1 97.7 TDS / XGS (F) .. 19.0 26.9 29.0 27.8 20.2 17.1 17.0 17.2 16.2 INT /XGS (14) .. 10.8 10.6 10.1 8.7 7.6 6.3 6.0 5.8 5.2 INT /GNP (14) .. 6.6 6.8 7.2 7.4 5.3 5.7 6.0 5.8 5.2 RES /EDT (14) .. 5.5 3.6 2.4 7.6... RES / MGS (months) .. 0.8 0.7 0.5 1.5... Short-term / EDTl (14o) .. 5.1 7.4 6.4 7.3 7.0 11.2 11.6 14.4 17.5 Concessional / EDT (14) .. 20.3 29.9 28.4 30.4 29.3 29.8 31.5 31.3 27.7 Multilateral!/ EDT (%) .. 14.9 25.0 26.8 26.2 28.0 27.4 28.4 27.6 25.1 293 JAMAICA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5.loNG-rE,RNI 1)E BT DEBT OUTSTANDING (LDOD) 982 1,505 3,968 3,737 3,588 3,478 3,514 3,527 3,247 3,109 Public and publicly guaranteed 160 1,430 3,934 3,709 3,560 3,450 3,436 3,399 3,124 2,921 Official creditors 59 920 3,406 3,267 3,149 3,045 3,090 3,076 2,785 2,408 Multilateral 30 284 1,168 1,181 1,117 1,149 1,181 1,209 1,100 984 Concessional 0 79 175 169 157 150 142 142 141 125 Bilateral 29 636 2,239 2.087 2,032 1,896 1,909 1,867 1,685 1,425 Concessional 19 310 1.223 1,083 1,137 1,053 1,144 1,199 1,103 960 Private creditors 101 510 528 441 411 405 346 324 339 513 Bonds 83 19 0 0 0 0 13 25 78 278 Commercial banks 17 384 298 278 254 281 265 234 206 196 Other private 0 108 230 164 158 124 68 65 56 40 Private nonguaranteed 822 75 34 28 28 28 78 128 123 188 Bonds 0 0 0 0 0 0 55 55 55 55 Commercial banks 822 75 34 28 28 28 23 73 68 133 Memo: IBRD 30 176 672 664 594 607 595 595 515 431 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 180 363 284 423 323 221 161 291 211 391 Public and publicly guaranteed 15 338 284 423 317 215 106 236 211 321 Official creditors 14 317 246 409 261 174 83 178 123 108 Multilateral 7 93 102 102 90 148 67 115 89 87 Concessional 0 33 9 2 2 1 1 10 9 9 Bilateral 7 224 144 307 171 27 16 64 33 21 Concessional 2 84 103 161 34 3 10 31 18 9 Private creditors 1 21 39 14 56 41 23 57 89 212 Bonds 0 0 0 0 0 0 13 13 53 200 Commercial banks 1 4 0 6 0 40 10 42 36 12 Other private 0 17 39 8 56 1 0 3 0 0 Private nonguaranteed 165 25 0 0 6 6 55 55 0 70 Bonds 0 0 0 0 0 0 55 0 0 0 Commercial banks 165 25 0 0 6 6 0 55 0 70 Memo: IBRD 7 55 35 43 27 77 22 61 41 26 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 170 102 290 364 391 265 286 342 375 399 Public and publicly guaranteed 6 92 282 359 385 259 280 337 370 394 Official creditors 2 37 205 288 317 217 215 257 297 357 Multilateral 1 I11 100 102 127 123 121 127 125 137 Concessional 0 0 8 8 12 8 11 10 10 24 Bilateral 1 26 105 186 190 94 94 130 173 220 Concessional 1 2 19 21 23 22 24 30 68 97 Private creditors 4 55 76 71 68 42 66 80 73 37 Bonds 2 9 0 0 0 0 0 0 0 0 Commercial banks 2 16 1 1 10 11 10 73 65 22 Other private 0 3 1 75 70 58 32 56 6 8 1 Private nonguaranteed 164 10 8 6 6 6 5 5 5 5 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 164 10 8 6 6 6 5 5 5 5 Memo: IBRD 1 6 62 62 78 73 76 85 80 72 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 10 261 -6 59 -68 -44 -125 -51 -163 -8 Public and publicly guaranteed 9 246 3 65 -68 -44 -175 -101 -158 -73 Official creditors 12 280 40 122 -57 -43 -131 -79 -175 -249 Multilateral 6 82 2 0 -37 25 -54 -12 -35 -50 Conceasional 0 33 1 -6 -10 -7 -10 0 -1 -15 Bilateral 6 198 39 121 -19 -67 -78 -67 -139 -198 Concessional 1 82 84 140 11 -19 -14 1 -50 -88 Private creditors -3 -34 -38 -57 -12 -2 -43 -22 16 175 Bonds -2 -9 0 0 0 0 13 13 53 200 Commercial banks -1 -12 -1 5 -10 29 0 -31 -28 -10 Other private 0 -13 -37 -62 -2 -31 -56 -4 -8 -15 Private nonguaranteed 1 15 -8 -6 0 0 50 50 -5 65 Bonids 0 0 0 0 0 0 55 0 0 0 Commercial banks 1 15 -8 -6 0 0 -5 50 -5 65 Memo: IBRD 6 50 -26 -19 -51 4 -54 -24 -39 -46 IDA. 0 0 0 0 0 0 0 0 0 0 294 JAMAICA (US$ million, unless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 64 121 202 192 168 167 184 196 192 169 Public and publicly guaranteed 9 115 200 189 165 165 182 185 182 156 Official creditors 2 45 164 158 145 150 147 162 163 137 Multilateral 1 17 86 91 93 84 84 83 7-5 69 Concessional 0 2 5 4 4 5 4 3 3 5 Bilateral 1 29 79 67 52 66 62 79 88 68 Concessional 1 10 16 22 13 28 24 37 42 35 Private creditors 7 69 35 31 21 14 35 23 19 18 Bonds 6 2 0 0 0 0 0 2 2 3 Commercial banks 1 55 20 20 13 11 13 19 15 14 Other private 0 13 15 1 1 7 4 22 2 2 2 Private nonguaranteed 54 7 3 3 2 2 3 11 11 13 Bonds 0 0 0 0 0 0 1 5 5 5 Commercial banks 54 7 3 3 2 2 2 6 6 8 Memo: IBRD 1 13 58 59 59 49 49 47 41 34 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -54 140 -208 -133 -236 -210 -309 -247 -356 -177 Public and publicly guaranteed -1 132 -197 -125 -233 -209 -356 -286 -340 -229 Official creditors 9 235 -124 -37 -201 -193 -278 -241 -337 -386 Muiltilateral 5 66 -84 -91 -130 -59 -138 -96 -110 -120 Concessional 0 31 -4 -10 -14 -12 -14 -4 -4 -20 Bilateral 4 169 -40 54 -72 -134 -140 -146 -227 -267 Concessional 0 72 68 118 -2 -47 -38 -35 -93 -122 Private creditors -10 -103 -73 -88 -32 -16 -78 -45 -3 157 Bonds -7 -10 0 0 0 0 13 11 51 197 Commercial banks -3 -66 -22 -15 -23 19 -14 -50 -44 -24 Other private 0 -26 -5i -73 -9 -35 -77 -6 -10 -16 Private nonguaranteed -53 8 -11 -9 -2 -2 47 39 -16 52 Bonds 0 0 0 0 0 0 54 -5 -5 -5 Commercial banks -53 8 -11 -9 -2 -2 -7 44 -11 57 Memo: IBRD 5 37 -85 -78 -110 -45 -102 -71 -80 -80 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 234 223 492 556 558 432 470 538 567 568 Public and publicly guaranteed 15 206 481 547 550 424 462 522 552 550 Official creditors 4 82 370 446 462 367 361 419 460 494 Multilateral 2 27 186 193 220 _207 205 210 200 207 Concessional 0 2 14 12 16 13 15 13 13 29 Bilateral 2 55 184 253 243 160 156 209 260 288 Concessional 2 12 35 42 36 50 47 67 ill 131 Private creditors 11 124 112 102 88 57 101 103 92 55 Bonds 7 10 0 0 0 0 0 2 2 3 Commercial banks 4 70 22 21 23 21 24 92 80 36 Other private 0 44 90 81 65 36 77 9 10 16 Private nonguaranteed 218 17 11 9 8 8 8 16 16 18 Bonds 0 0 0 0 0 0 1 5 5 5 Commercial banks 218 17 11 9 8 8 7 11 11 13 Memo: IBRD 2 18 120 121 137 123 124 132 121 106 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 38 325 556 587 556 620 580 502 523 491 Official creditors 38 314 547 584 554 609 568 479 510 491 Private creditors 0 11 9 3 2 11 13 24 12 0 Memorandum items Concessional LDOD 19 389 1,398 1,252 1,294 1,203 1,285 1,342 1,245 1,085 Variable rate LDOD 822 344 1.023 979 890 967 1,014 1,002 961 948 Public sector LDOD 158 1,384 3,934 3,709 3,560 3,450 3,436 3,399 3,124 2,921 Private sector LDOD 824 122 34 28 28 28 78 128 123 188 6. L'URRENCI COIMIPOSIiIO0N OF L(O\G-iERM DEBI FPERCENT' Deutsche mark 0.0 0.7 2.0 2.7 2.6 2.6 3.0 3.4 3.1 2.7 French franc 0.0 1.1 0.7 0.8 0.8 0.9 1.0 1.0 0.8 0.5 Japanese yen 0.0 0.7 4.9 6.6 6.9 7.8 8.6 8.9 8.5 7.5 Pound sterling 47.7 8.5 5.6 5.4 4.2 4.2 4.4 4.3 4.5 3.4 Swiss franc 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.00. U.S.dollars 27.6 58.5 49.3 46.8 50.3 49.0 47.1 46.4 48.6 54.7 Multiple currency 18.7 17.1 27.8 29.5 27.8 28.7 28.7 28.7 27.4 25.1 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 All other currencies 6.1 13.2 9.7 8.1 7.4 6.8 7.2 7.3 7.1 6.0 295 JAMAICA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. D)EBI RESIRUCL rtRING-S Total amount rescheduled 0 0 469 107 131 149 106 105 0 0 Debt stock rescheduled 0 0 314 0 0 40 0 0 0 0 Principal rescheduled 0 0 99 73 96 84 76 88 0 0 Official 0 0 96 70 93 82 74 87 0 0 Private 0 0 3 3 3 2 1 1 0 0 Interest rescheduled 0 0 55 34 36 24 30 17 0 0 Official 0 0 54 34 35 24 30 16 0 0 Private 0 0 1 1 0 0 0 0 0 0 Debt forgiven ...0 298 7 100 6 0 0 0 Memo: interest forgivenri . 1 11 4 3 3 0 0 0 Debt stock reduction 0 0 24 44 14 2 16 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 R. DEBT STOC K-FLO%% RECONCILLAIlION Total change in debt stocks III.11 -261 -153 -155 213 -53 -281 -68 Net flows on debt ... -106 23 -66 -88 59 -122 -149 93 Net change in interest arrears ...0 2 9 0 -28 -3 -8 -22 Interest capitalized ... 55 34 36 24 30 17 0 0 Debt forgiveness or reduction ... -25 -341 -21 -102 -21 0 0 0 Cross-currency valuation ... 131 1 -96 -4 99 1 5 -103 -115 Residual ... 55 20 -13 16 74 41 -21 -24 9. AVER.-(,E TERNMS OF NE~~LMII 0NI N ME %N r'S ALL CREDITORS Interest (%) 6.0 7.2 8.0 6.8 7.9 6.8 5.2 6.5 4.6 8.9 Maturity (years) 16.0 13.7 16.6 19.5 19.4 17.7 14.2 13.3 15.6 10.7 Grace period (years) 3.2 4.6 3.8 4.6 4.1 4.4 5.3 3.0 4.6 5.0 Grant element (%) 21.7 21.5 10.9 18.7 11.8 15.5 27.2 16.4 28.6 6.1 Official creditors Interest (% 6.0 6.5 7.9 6.8 7.9 7.3 4.9 6.2 5.2 7.6 Maturity (years) 16.0 14.6 18.7 19.8 21.2 21.0 17.6 19.7 20.1 21.5 Grace period (years) 3.2 5.0 4.2 4.7 5.0 5.0 5.4 4.1 5.5 5.0 Grant element (%) 21.7 24.0 12.3 19.0 12.8 17.2 31.9 22.8 32.9 15.2 Private creditors Interest (%) 0.0 13.0 8.7 8.9 8.0 4.5 5.8 6.8 3.2 9.6 Maturity (years) 0.0 5.7 1.9 4.5 11.7 1.6 6.0 3.3 4.9 5.0 Grace period (years) 0.0 1.3 0.4 0.4 0.2 1.6 5.0 1.3 2.3 5.0 Grant element (%) 0.0 0.2 0.5 1.9 7.4 7.7 15.9 6.4 18.5 1.4 Memorandum items Commitments 24 245 318 462 292 292 85 175 261 304 Official creditors 24 219 279 454 237 242 60 107 184 104 Private creditors 0 26 39 8 55 50 25 69 78 200 11I. CONT1 RACTI. Xt ORLI.G A.I IONN ON 0(I ST.%NDIN(, LON64- ERNM DEBl 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 112 107 85 65 48 31 20 10 7 4 Principal 323 366 327 221 407 196 196 183 176 165 Interest 179 164 147 133 124 94 84 73 63 53 Official creditors Disbursements 112 107 85 65 48 31 20 10 7 4 Principal 277 260 219 183 170 160 166 172 167 156 Interest 131 120 110 101 94 86 78 69 60 50 Bilateral creditors Disbursements 25 22 13 8 5 2 1 0 0 0 Principal 146 129 103 78 77 65 74 88 86 79 Interest 62 55 49 44 41 38 35 31 26 23 Multilateral creditors Disbursements 87 85 72 56 43 29 19 10 7 4 Principal 131 130 115 105 94 95 92 84 82 78 Interest 69 65 61 57 53 49 44 38 33 28 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 46 106 109 39 237 37 30 12 9 9 Interest 48 44 37 32 29 8 5 4 3 3 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 3 1 31 31 28 26 26 20 3 0 0 Interest 12 10 8 6 4 3 1 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 15 76 78 II1 211 10 9 9 9 9 latetest 36 34 29 26 25 5 5 4 3 3 296 JORDAN (US$ million, uinless othierwise intdicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SULNMMARN DEBT D.%' -% TOTAL DEBT STOCKS (EDT) 1,971 8,177 9,550 7,817 7,609 7,708 8,111 8,070 8,234 Long-term debt (LDOD) 120 1,486 7,043 7,458 6,922 6,770 6,883 7,070 7,133 7,059 Public and publicly guaranteed 120 1,486 7,043 7,458 6,922 6,770 6,883 7,020 7,088 7,020 Private nonguaranteed 0 0 0 0 0 0 0 50 45 39 Use of IMF credit 0 0 94 95 112 81 144 252 340 427 Short-term debt 485 1,040 1,997 783 757 681 790 597 748 of which interest arrears on LDOD 5 110 219 143 53 60 72 81 87 Official creditors 5 34 48 49 46 56 68 80 87 Private creditors ..0 77 171 95 7 4 4 1 1 Memno: principal arrears on LDOD .. 22 549 960 856 151 187 223 298 306 Official creditors .. 22 54 117 120 150 186 222 252 279 Private creditors ..0 495 843 736 1 1 2 46 27 Memo: export credits ... 2,366 2,180 1,971 1,917 2.040 1,330 1.304 2,126 TOTAL DEBT FLOWS Disbursements 15 369 691 661 463 261 307 795 654 660 Long-term debt 15 369 691 661 431 245 213 680 535 527 IMF purchases 0 0 0 0 31 16 94 115 119 133 Principal repayments 3 104 251 339 386 347 320 339 324 314 Long-termn debt 3 104 241 339 376 301 283 330 301 292 IMF repurchases 0 0 10 0 10 46 37 8 22 22 Net flows on debt 12 266 606 1,170 -1,061 -23 -97 554 129 491 of which short-term debt ... 165 848 -1,138 64 -84 97 -202 145 Interest payments (INTl 107 374 399 325 255 245 276 333 307 Long-term debt 2 79 307 283 278 206 200 223 286 255 IMF charges 0 0 9 8 8 6 5 10 12 17 Short-term debt .. 28 58 109 39 43 40 43 35 35 Net transfers on debt .. 159 232 770 -1,386 -278 -341 278 -204 184 Total debt service paid (TDS) .. 210 625 739 710 602 564 614 656 621 Long-term debt 5 182 548 622 653 507 483 553 587 547 IMF repurchases and charges 0 0 19 8 18 53 42 18 34 39 Short-term debt (interest only) .. 28 58 109 39 43 40 43 35 35 ..-%GGRFG(ATENEIT RESOURCE FLO1S AND NET rRANSFERs tLONG-1 ERAIfi NET RESOURCE FLOWS 53 1,427 1,161 693 208 -17 239 594 446 620 Net flow of long-term debt (ex. IMP) 12 266 450 322 56 -56 -70 350 234 235 Foreign direct investment (net) 0 34 38 -12 41 -34 3 1 3 16 22 Portfolio equity flows 0 0 0 0 0 0 0 1 1 25 70 Grants (excluding technical coop.) 41 1,127 672 383 112 73 306 219 172 293 Memao: technical coop. granits 3 1 25 68 62 123 130 132 161 147 71 official net resource flows 49 1,399 907 800 300 125 415 722 564 559 private net resource flows 4 28 254 -108 -91 -141 -177 -128 -119 61 NET TRANSFERS 51 1,348 853 410 -69 -222 39 371 160 365 Interest on long-term debt 2 79 307 283 278 206 200 223 286 255 Profit remittances onEFDI 1 0 0 0 0 0 0 0 0 0 Memo: official net transfers 48 1.357 784 646 176 -1 305 591 372 379 private net transfers 3 -9 69 -236 -245 -221 -266 -220 -212 -14 3 M[AJOR ECONOMIC A6GRFC_.'.TES Gross national product (GNP) 658 4,074 3,660 3,868 4,864 5,272 5,820 6.425 6,633 7.03 1 Exports of goods & services (XGS) .. 1.870 3,079 3,049 3,623 3,961 4,150 4,839 5.319 5,606 of which workers remnittances .. 595 500 450 843 1,040 1,093 1.244 1,544 1,582 Imports of goods & services (MGS) .. 2,476 4,036 3,906 4,784 4,903 4.783 5,296 5,832 6,063 International reserves (RES) 258 1,745 1,139 1,105 1,030 1,946 1,997 2,280 2,055 2,361 Current account balance .. 374 -227 -394 -835 -629 -398 -259 -222 29 4. DEBTF INDLCATO(R'n EDT/XGS (%) .. 105.4 265.6 313.2 215.7 192.1 185.7 167.6 151.7 146.9 EDT! GNP (%) .. 48.4 223.5 246.9 160.7 144.3 132.4 126.2 121.7 117.1 TDS/XGS (%) .. 11.2 20.3 24.2 19.6 15.2 13.6 12.7 12.3 11.1 INT/ XGS (%) .. 5.7 12.1 13.1 9.0 6.4 5.9 5.7 6.3 5.5 TNT /GNP (%) .. 2.6 10.2 10.3 6.7 4.8 4.2 4.3 5.0 4.4 RES 'EDT (%) .. 88.5 13.9 11.6 13.2 25.6 25.9 28.1 25.5 28.7 RES ," MGS (months) . 8.5 3.4 3.4 16 4.8 5).0 5.2 4.2 4.7 Short-term / EDT (%) .. 24.6 12.7 20.9 10.0 10.0 8.8 9.7 7.4 9.1 Concessional I/ EDT (%) .. 41.6 31.0 31.0 34.4 38.7 39.8 42.1 43.6 42.9 Multilateral / EDT (%) .. 8.0 10.8 9.2 11.5 12. 6 13.2 14.9 17.2 17.9 297 JORDAN (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. L()\(i- 'E RN!I DEBIr DEBT OUTSTANDING (LDOD) 120 1,486 7,043 7,458 6,922 6,770 6,883 7,070 7,133 7,059 Public and publicly guaranteed 120 1,486 7,043 7,458 6,922 6,770 6,883 7,020 7,088 7,020 Official Creditors 109 1,210 3,603 4,151 4,000 4,276 4,619 5.099 5,414 5,496 Multilateral 9 159 887 883 900 959 1.016 1,209 1,385 1,470 Concessional 9 113 209 229 217 237 244 278 370 440 Bilateral 100 1,052 2,716 3,268 3,100 3,317 3,603 3,890 4,029 4,026 Concessional 100 707 2,328 2,728 2,469 2,706 2,822 3,136 3,148 3,090 Private creditors 10 276 3,440 3,307 2,922 2,494 2,265 1,921 1,674 1,523 Bonds 0 0 263 208 191 824 824 801 796 886 Commercial banks 0 206 1,604 1.576 1,509 587 465 337 217 116 Other private 10 70 1,573 1,524 1,223 1,084 976 782 662 521 Private nonguaranteed 0 0 0 0 0 0 0 50 45 39 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 50 45 39 Memo: IBRD 0 26 516 511 569 592 635 736 777 749 IDA 9 76 77 76 75 73 71 69 67 65 DISBURSEMENTS 15 369 691 661 431 245 213 680 535 527 Public and publicly guaranteed 15 369 691 661 431 245 213 630 535 527 Official creditors 10 326 377 595 374 205 213 630 535 427 Multilateral 0 54 142 79 143 148 102 282 358 276 Concessional 0 18 10 33 12 36 24 53 116 96 Bilateral 10 272 235 516 231 57 Ill 348 178 151 Concessional 10 106 224 513 230 57 ill 333 133 131 Private creditors 5 44 315 66 57 41 0 0 0 100 Bonds 0 0 0 0 0 15 0 0 0 100 Commercial banks 0 15 73 1 0 0 0 0 0 0 Other private 5 29 241 65 57 26 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 50 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commerciat banks 0 0 0 0 0 0 0 50 0 0 Memo: IBRD 0 22 123 40 128 69 58 158 169 94 IDA 0 9 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 3 104 241 339 376 301 283 330 301 292 Public and publicly guaranteed 3 104 241 339 376 301 283 325 296 286 Official creditors 2 54 142 178 186 153 103 128 142 160 Multilateral 0 1 94 94 92 94 98 117 122 116 Concessional 0 1 12 16 16 16 19 21 22 23 Bilateral 2 53 48 83 95 58 6 1 1 20 45 Concessional 2 23 33 77 8 6 2 6 10 19 Private creditors 0 50 99 162 189 148 180 197 153 126 Bonds 0 0 0 56 4 0 0 0 5 10 Commercial banks 0 46 69 31 90 86 131 135 117 98 Other private 0 4 30 75 96 63 48 62 32 18 Private nonguaranteed 0 0 0 0 0 0 0 6 6 6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 6 6 6 Memo: IBRD 0 0 52 55 54 57 57 77 78 69 IDA 0 0 1 1 1 2 2 2 2 2 NET FLOWS ON DEBT 12 266 450 322 56 -56 -70 350 234 235 Public and publicly guaranteed 12 266 450 322 56 -56 -70 306 239 241 Official creditors 8 272 235 417 188 52 110 502 393 266 Multilateral 0 52 48 -15 51 53 4 165 235 160 Concessional 0 17 -3 18 -4 20 4 32 94 73 Bilateral 7 220 187 433 137 -1 106 337 157 106 Concessional 7 83 191 437 222 51 109 327 123 112 Private creditors 4 -6 216 -96 -132 -108 -180 -197 -153 -26 Bonds 0 0 0 -56 -4 15 0 0 -5 90 Commercial banks 0 -31 4 -30 -90 -86 -131 -135 -117 -98 Other private 4 25 211 -10 -39 -37 -48 -62 -32 -18 Private nonguaranteed 0 0 0 0 0 0 0 45 -6 -6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 45 -6 -6 Memo: IBRD 0 22 71 -15 74 12 2 81 91 25 IDA 0 9 -1 -1 -l -2 -2 -2 -2 -2 298 JORDAN (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREIST PAYMENTS (LINT) 2 79 307 283 278 206 200 223 286 255 Public and publicly guaranteed 2 79 307 283 278 206 200 220 283 253 Official creditors 1 43 123 154 124 126 110 130 193 180 Multilateral 0 5 54 57 55 57 60 64 67 70 Concessional 0 3 6 6 6 6 6 6 9 14 Bilateral 1 38 69 97 69 69 50 66 126 111 Concessional 1 13 57 55 23 38 28 45 78 63 Private creditors 1 36 184 128 154 80 90 89 91 72 Bonds 0 0 15 34 4 2' 31 41 40 39 Commercial banks 0 32 67 28 80 40 34 32 23 15 Other private 1 4 103 67 69 38 25 17 28 18 Private nonguaranteed 0 0 0 0 0 0 0 3 3 3 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 3 3 3 Memo: IBRD 0 1 37 42 41 43 46 48 48 47 IDA 0 1 1 1 1 1 1 1 1 1 NET TRANSFERS ON DEBT 10 187 143 39 -222 -261 -270 128 -52 -20 Public and publicly guaranteed 10 187 143 39 -222 -261 -270 86 -44 -12 Official creditors 6 229 112 263 64 -74 -1 372 200 86 Multilaterat 0 47 -6 -73 -4 -3 -56 102 169 90 Concessional 0 14 -9 11 -10 14 -2 26 85 59 Bilateral 6 182 118 336 68 -70 55 271 31 -4 Concessional 6 71 134 382 199 13 82 282 45 49 Private creditors 4 -42 31 -224 -286 -188 -269 -286 -244 -98 Bonds 0 0 -15 -89 -8 13 -31 -41 -45 51 Commnercial banks 0 -63 -63 -58 -170 -126 -166 -166 -139 -113 Other private 4 20 109 -77 -108 -75 -73 -79 -60 -36 Private nonguaranteed 0 0 0 0 0 0 0 42 -9 -8 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 42 -9 -8 Memo: IBRD 0 22 33 -57 33 -31 -44 33 43 -22 IDA 0 8 -2 -2 -2 -2 -2 -3 -3 -3 DEBT SERVICE (LTDS) 5 182 548 622 653 507 483 553 587 547 Public and publicly guaranteed 5 182 548 622 653 507 483 544 579 539 Official creditors 4 97 265 332 310 279 213 258 335 341 Multilateral 0 6 148 152 147 151 158 181 189 185 Concessional 0 4 18 22 22 22 26 27 31 37 Bilateral 4 90 117 181 163 127 56 77 146 155 Concessional 4 36 90 131 31 44 30 52 88 82 Private creditors 1 86 283 290 343 228 269 286 244 198 Bonds 0 0 15 89 8 2 3 1 41 45 49 Commnercial banks 0 78 136 58 170 126 166 166 139 113 Other private 1 8 133 142 165 100 73 79 60 36 Private nonguaranteed 0 0 0 0 0 0 0 9 9 8 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 9 9 8 Memo: IBRD 0 1 89 97 94 101 102 125 127 116 IDA 0 1 2 2 2 2 2 3 3 3 UNDISBURSED DEBT 74 1,354 1,462 1,309 1,012 1,035 1,222 1,254 1,153 813 Official creditors 62 1.136 1,111 996 717 771 1,222 1,254 1,153 813 Private creditors 12 217 351 313 295 263 0 0 0 0 Memorandum items Concessional LDOD 109 819 2,537 2,956 2,686 2,943 3,066 3,414 3,518 3,530 Variable rate LDOD 0 200 2,501 2,465 2,292 1,994 1,972 2,094 2,124 2.133 Public sector LDOD 118 1,485 7,043 7:458 6,922 6,770 6,883 7,020 7,069 6,998 Private sector LDOD 1 1 0 0 0 0 0 50 64 61 6. CL RRI:N( ~I COrsTPOSlTlO\ OF [ONti-TERNI DEBT' (PERL EN 1ii Deutsche mark 8.7 10.6 7.9 7.6 8.3 7.2 7.7 7.6 6.9 6.3 French franc 227 2.0 3.5 3.5 7.9 7.5 827 9.9 9.2 8.4 Japanese yen 0.0 1.1 6.0 12.2 1527 18.3 21.6 24.1 22.3 22.2 Pound sterling, 32.5 6.4 8.0 7.4 7.6 7.1 6.7 6.7 7.5 7.2 Swiss franc 0.0 0.0 0.8 0.7 0.7 0.4 0.4 0.5 0.4 0.4 U.S.dollars 31.0 59.6 44.4 42.6 39.7 40.4 35.0 28.8 29.4 30.3 Multiple currency 0.0 4.4 8.4 8.0 9.5 10.1 10.6 11.8 12.3 11.9 Special drawing rights 0.0 0.0 2.8 7.4 0.2 0.1 0.3 0.5 0.5 0.7 All other currencies 25.2 16.0 18.2 10.5 10.4 8.9 9.0 9.9 11.4 12.7 299 JORDAN (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBTf RFSTRL (1 L. RINGS Total amount rescheduled 0 0 350 0 588 1,163 337 367 388 224 Debt stock rescheduled 0 0 0 0 0 193 0 0 0 0 Principal rescheduled 0 0 350 0 433 722 218 269 329 176 Official 0 0 193 0 112 88 95 118 105 89 Private 0 0 157 0 322 634 122 152 224 87 Interest rescheduled 0 0 0 0 145 249 119 97 60 48 Official 0 0 0 0 41 33 67 53 27 23 Private 0 0 0 0 104 215 52 45 33 25 Debt forgiven 0 0 0 184 297 323 1 1 34 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 530 97 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8. IIl¶B I S [0OCK-F LO%% RECONCIL.IXI ION Total change in debt stocks 1,021 1,372 -1,733 -209 100 403 -42 165 Net flows on debt 606 1,170 -1,061 -23 -97 554 129 491 Net change in interest arrears .. 71 109 -76 -90 7 1 2 9 6 Interest capitalized ...0 0 145 249 119 97 60 48 Debt forgiveness or reduction ...0 0 -530 -281 -297 -323 -11 -34 Cross-currency valuation ... 373 39 -233 62 376 76 -293 -421 Residual ... -28 55 22 -126 -8 -14 65 75 9. WV%ERA(;L [EFRNIS OF NL%% CONMMI INIEN u'S ALL CREDITORS Interest (% 3.7 7.3 4.6 2.1 4.1 6.2 4.8 3.9 5.1 6.5 Maturity (years) 23.5 15.4 19.9 27.1 18.4 19.2 22.2 20.5 19.4 11.4 Grace period (years) 5.0 4.0 6.5 8.8 5.8 5.4 6.7 6.4 5.7 5.0 Granit element (% 42.6 16.5 38.5 63.2 37.7 23.0 36.9 40.7 32.2 18.5 Ofricial creditors Interest (%) 2.6 7.3 4.0 1.8 2.8 6.4 4.8 3.9 5.1 5.7 Matujrity (years) 31.4 16.0 21.8 28.5 22.2 19.7 22.2 20.5 19.4 17.9 Grace period (years) 6.4 4.3 7.3 9.3 7.0 5.5 6.7 6.4 5.7 5.0 Grant element (%) 56.7 17.2 43.9 66.8 50.0 23.2 36.9 40.7 32.2 26.8 Private creditors Interest (%) 6.2 7.2 8.9 6.2 6.9 5.0 0.0 0.0 0.0 7.3 Maturity (years) 5.5 11.5 7.0 7.0 10.3 15.7 0. 0.0 0.0 5.0 Grace period (years) 1.9 2.4 1.0 1.2 3.3 4.7 0.0 0.0 0.0 5.0 Grant element(%) 10.4 12.0 2.8 11.5 11.4 21.4 0.0 0.0 0.0 10.2 Memorandum items Commitinents 36 759 739 556 180 301 638 650 486 200 Official creditors 25 653 642 520 123 260 638 650 486 100 Private creditors 11 106 97 36 57 41 0 0 0 100 lu. C()NTRANCI UAL ORLUG.- FIO)\ ON Ol[FFTVT %NDlNG LON(..-TLK%I DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007_ TOTAL DisbUrSements 222 189 130 83 56 30 19 9 4 1 Principal 266 402 400 453 550 449 442 434 420 393 Interest 271 316 322 305 285 255 233 211 189 168 Official creditors Disbursements 222 189 130 83 56 30 19 9 4 Principal 201 314 331 387 388 389 381 380 373 352 Interest 191 232 238 226 210 192 174 155 137 119 Bilaterat creditors Disbursements 69 51 32 t8 9 4 2 1 0 0 Principal 84 184 198 243 235 242 244 250 250 248 Interest 105 147 155 145 134 124 113 102 90 79 Multilateral creditors Disbursements 153 138 99 66 47 26 17 9 4 1 Principal 117 129 133 144 153 147 137 130 123 104 Interest 86 85 83 80 76 68 61 54 47 40 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 65 88 69 66 162 61 61 55 48 41 Interest 80 84 84 79 75 63 59 55 52 49 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 38 38 19 0 0 0 0 0 0 0 Interest 8 4 1 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 27 50 50 66 162 61 61 55 48 41 Interest 72 80 83 79 75 63 59 55 52 49 300 KAZAKHSTAN (US$ million, unless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 !. UM%I%AR1 DEBI' D)A A TOTAL DEBT STOCKS (EDT) ..35 1,728 2,790 3,750 3,122 4,278 Long-term debt (LDOD) ..26 1,621 2,268 2,937 2,349 3,418 Public and publicly guaranteed 26 1,621 2, 227 2.834 2J147 2,822 Private nonguaranteed ..0 0 41 103 203 596 Use of IMF credit 0 85 289 432 552 511 Short-term debt 9 22 232 381 221 349 of which interest arrears on LDOD 0 22 105 162 0 0 Official creditorS 0 1 80 162 0 0 Private creditorS . 0 21 25 0 0 0 Memo: principal arrears on LDOD 0 0 0 0 0 0 Official creditors ..0 0 0 0 0 0 Private creditors ...0 0 0 0 0 0 Memo: export credits ...91 330 773 1,119 1,203 1,144 TOTAL DEBT FLOWS Disbursements --27 428 806 881 1,122 1,487 Long-term debt ..27 341 611 740 987 1,487 IMF purchases 0 86 195 141 135 0 Principal repayments - -. 0 0 23 105 192 273 Long-term debt ...0 0 23 105 192 267 IMF repurchases ...0 0 0 0 0 6 Net flows on debt - . 36 418 910 868 932 1,342 of which short-term debt ...9 -9 127 93 2 128 Interest payments (INTL) --.0 9 46 1,30 131 228 Long-term debt ......0 8 32 102 98 188 IMF charges ......0 1 9 18 22 24 Short-term debt ......0 1 5 10 10 16 Net transfers on debt --.36 409 864 739 801 1,113 Total debt service paid (TDS) ..0 10 68 235 322 502 Long-term debt ......0 8 55 207 290 455 IMF repurchases and charges ......0 1 9 18 22 31 Short-term debt (interest only) ......0 1 5 10 10 16 2.. AGG(REr. x ii: NEr RESOU'RCE FLO)" S AND NL r TRANSFERS l-ONG-TERMIi NET RESOURCE FLOWS -- - .129 502 799 1,610 1,976 2,636 Net flow of long-term debt (ex. IMF) ...... 27 341 588 635 796 1,220 Foreign direct investment (net) ...... 100 150 185 964 1,137 1,321 Portfolio equity flows ......0 0 0 0 0 50 Grants (excluding technical coop.) ......2 1 1 26 1 1 44 44 Memo: technical coop. grants ......6 3 17 47 66 4 1 official net resource flows ......12 181 468 405 377 478 private net resource flows ...... 117 321 331 1.205 1,599 2,158 NET TRANSFERS . . . - 129 494 767 1,508 1,878 2,448 Interest on long-term debt ......0 8 32 102 98 188 Profit remnittances on FDI ......0 0 0 0 0 0 Memo: official net transfers ...... 12 178 453 346 315 390 private net transfers .... . 117 317 315 1,162 1,563 2,057 3. MIA.JOR EC ONON%IiC .%(;RE( XIES Gross national product (GNP) ...... 26,795 24,844 19,367 19.356 20,585 21,965 Exports of goods & services (XGS) ...... 5,758 4,249 4.246 5,751 7,033 7,700 of which workers remittances ......0 0 0 7 10 18 Imports of goods & ser-vices (MGS) ...... 6,037 5,019 5,519 6,321 7,822 8,665 International reserves (RES) ... .. . 711 1,216 1,660 1.961 2,223 Current account balance . .. .. .. EDT /XGS ()...... 0.6 40.7 65.7 65.2 44.4 55.6 EDT /GNP(% ...... 0.1 7.0 14.4 19.4 15.2 19.5 TDS / XGS %)...... 0.0 0.2 1.6 4.1 4.6 6.5 INT / XGS ().. ... 0.0 0.2 1.1 2.3 1.9 3.0 INT,'i GNP %)...... 0.0 0.0 0.2 0.7 0.6 1.0 RES / EDT (% .. .. . 41.2 43.6 44.3 62.8 52.0 RES / MGS (months) ... .. . 1.7 2.6 3.2 3.0 3.1 Short-term / EDT (%) ...... 26.4 1.3 8.3 10.2 7.1 8.2 Concessional /EDT(% ...... 0.0 0.0 0.1 2.7 4.1 3.7 Multilateral!/ EDT (%) ...... 0.0 1.5 7.8 10.4 18.8 19.3 301 KAZAKHSTAN (LUSS million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LON(.-TERNI D)EBT DEBT OUTSTANDING (LDOD) 26 1,621 2,268 2,937 2,349 3,418 Public and publicly guaranteed 26 1,621 2,227 2,834 2,147 2,822 Official creditors 10 1,423 1.893 2,293 1,291 1,612 Multilateral ..0 26 217 392 586 824 Coricessiorial 0 0 0 0 6 22 Bilateral ..10 1,397 1,675 1,901 705 788 Concessional ..0 0 2 100 122 135 Private creditors 16 198 334 541 856 1,209 Bonds 0 0 0 0 200 550 Commercial banks 0 0 0 17 217 314 Other private 1 6 198 334 523 438 346 Private nonguaranteed 0 0 41 103 203 596 Bonds ..0 0 0 0 0 0 Commercial banks 0 0 41 103 203 596 Memo: IBRD ..0 0 187 295 490 648 IDA 0 0 0 0 0 0 DISBURSEMENTS 27 341 611 740 987 1,487 Public and publicly guaranteed 27 341 591 671 839 991 Official creditors 10 170 454 421 408 491 Multilateral ..0 27 184 171 257 284 Concessional 0 0 0 0 6 17 Bilateral . .10 143 269 250 151 208 Concessional 0 0 2 108 36 29 Private creditors ..17 171 137 249 432 500 Bonds ..0 0 0 0 200 350 Commercial banks 0 0 0 17 200 105 Other private ..17 171 137 232 32 46 Private nonguaranteed 0 0 20 69 148 496 Bonds ..0 0 0 0 0 0 Commercial banks 0 0 20 69 148 496 Memo: IBRD 0 0 182 107 225 202 IDA 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 0 0 23 105 192 267 Public and publicly guaranteed ..0 0 18 95 151 152 Official creditors ..0 0 12 27 74 57 Multilateral 0 0 0 0 32 0 Concessional 0 0 0 0 0 0 Bilateral 0 0 12 27 43 57 Concessional 0 0 0 0 1 1 Private creditors 0 0 6 68 77 94 Bonds 0 0 0 0 0 0 Commercial banks .. .. 0 0 0 0 0 8 Other private . .0 0 6 68 77 87 Private nonguaranteed 0 0 5 it 41 115 Bonds ..0 0 0 0 0 0 Commercial banks .. 0 0 5 11 41 115 Memo: IBRD ..0 0 0 0 0 0 IDA 0 0 0 0 0 0 NET FLOWS ON DEBT 27 341 588 635 796 1,220 Public and publicly guaranteed 27 341 573 576 688 840 Official creditors 10 170 442 395 334 434 Multilateral 0 27 184 171 226 284 Concessional ..0 0 0 0 6 17 Bilateral 10 143 258 223 108 151 Concessional ..0 0 2 108 35 29 Private creditors 17 171 131 182 355 406 Bonds ..0 0 0 0 200 350 Commercial banks 0 0 0 17 200 97 Other private ..17 171 131 164 -45 -41 Private nonguaranteed 0 0 15 59 107 380 Bonds 0 0 0 0 0 0 Commercial banks 0 0 1 5 59 107 380 Memo: IBRD 0 0 182 107 225 202 IDA ..0 0 0 0 0 0 302 KAZAKHSTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) . . . .. 0 8 32 102 98 188 Public and publicly guaranteed . ....0 8 30 100 95 183 Official creditors ......0 4 16 59 63 88 Multilateral ......0 0 7 15 31 43 Concessional -.....0 0 0 0 0 0 Bilateral ......0 4 9 44 32 46 Concessional ......0 0 0 2 7 5 Private creditors ......0 4 14 41 32 94 Bonds ......0 0 0 0 0 22 Commercial banks ......0 0 0 0 1 33 Other private ......0 4 14 41 31 39 Private nonguaranteed .. ...0 0 3 1 4 6 Bonds ......0 0 0 0 0 0 Commcrcial banks ... .0 0 3 1 4 6 Memo: IBRD ...0 0 7 14 24 34 IDA ......0 0 0 0 0 0 NET TRANSFERS ON DEBT . . .. 27 334 556 533 697 1,032 Public and publicly guaranteed . .. 27 334 543 476 594 657 Official creditors ...... 10 167 426 335 271 346 Multilateral 0 27 177 156 195 241 Concessional ......0 0 0 0 6 17 Bilateral ......10 140 249 180 76 105 Concessional ... .0 0 2 105 28 24 Private creditors ......16 167 117 141 323 311 Bonds ... .0 0 0 0 200 328 Commercial banks ... .0 0 0 17 199 64 Other private ..... 16 167 117 123 -76 -81 Private nonguaranteed . ....0 0 13 57 104 374 Bonds ......0 0 0 0 0 0 Commercial banks ......0 0 13 57 104 374 Memo: IBRD ......0 0 175 93 201 167 IDA ... .0 0 0 0 0 0 DEBT SERVICE (LTDS) . . . 0 8 55 207 290 455 Public and publicly guaranteed ......0 8 47 195 246 334 Official Creditors ......0 4 27 86 137 145 Multilateral ... .0 0 7 15 62 43 Concessional ...0 0 0 0 0 0 Bilateral ......0 4 21 71 75 103 Concessional ......0 0 0 2 8 5 Private creditors ... .0 4 20 109 109 189 Bonds ......0 0 0 0 0 22 Commercial banks ... .0 0 0 0 1 41 Other private ...0 4 20 109 108 126 Private nonguaranteed . .. 0 0 8 12 44 121 Bonds ... .0 0 0 0 0 0 Commercial banks ...0 0 8 12 44 121 Memo: IBRD ......0 0 7 14 24 34 IDA ......0 0 0 0 0 0 UNDISBURSED DEBT . .. . 374 728 604 848 1,070 1,007 Official creditors ...... 274 414 346 784 977 928 Private creditors ...... 100 314 257 64 93 79 Memorandum items Concessional LDOD ......0 0 2 100 128 157 Variable rate LDOD ...... 26 1,596 2,077 2,520 1,481 2,196 Public sector LDOD ... . 26 1,621 2,227 2,834 2,147 2,822 Private sector LDOD ... .0 0 41 103 203 596 6. CURRIEWN( OMPOSIIION OF LONG-TitliM1 DEBTl iPERC E.. r' Deutsche mark ...... 100.0 18.7 22.6 21.6 25.4 16.1 French franc ...... 0.0 0.0 0.4 0.4 0.2 0.6 Japanese yen ...... 0.0 0.0 3.9 8.9 13.7 10.3 Pound sterling ...... 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ...... 0.0 0.0 0.2 0.0 0.0 0.0 U.S.dollars ...... 0.0 2.1 5.7 6.9 30.6 48.1 Multiple currency ...... 0.0 0.0 8.4 11.8 25.0 22.3 Special drawing rights ...... 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ...... 0.0 79.2 58.8 50.4 5.1 2.6 303 KAZAKHSTAN (US$ million, uinless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. Uf RESTRU TUiRIN(,S Total amount rescheduled ..0 1,250 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 Principal rescheduled ..0 0 0 0 0 0 Official 0 0 0 0 0 0 Private ...0 0 0 0 0 0 Interest rescheduled ...0 0 0 0 0 0 Official ..0 0 0 0 0 0 Private 0 0 0 0 0 0 Debt forgiven ...0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 Debt stock reduction ..0 0 0 0 0 0 of which debt buyback ...0 0 0 0 0 0 N. DEBTl S lOCK-FLO%% RECONC1LLATION Total change in debt stocks ... .. . 1,693 1.062 961 -628 1,156 Net flows on debt ... .. . 418 910 868 932 1,342 Net change in interest arrears ... .22 84 56 -162 0 Interest capitalized ... .. .0 0 0 0 0 Debt forgiveness or reduction .......0 0 0 0 0 Cross-currency valuation ... .. . -873 -745 -221 -126 -176 Residual ... .. . 2,126 813 257 -1,272 -10 9. -%ER XGE TERMIS OF NEW% COMMITlUBJEN'iS ALL CREDITORS Interest (%M.. .. 8.0 6.3 5.6 5.5 7.5 6.5 Maturity (years) ...... 10.3 10.2 13.3 13.3 11.5 13.9 Grace period (years) ...... 4.0 3.3 5.0 4.3 3.9 5.7 Grant element (%) ...... 7.2 13.9 22.4 22.3 12.7 22.2 Official creditors Interest (%) ... .8.4 6.9 5.6 5.5 6.5 5.2 Maturity (years) ...... 11.0 13.4 14.0 14.2 17.4 22.2 Grace period (years) ...... 4.4 4.5 5.3 4.5 4.7 6.9 Grant element (%) ...... 5.1 13.5 23.5 23.7 19.9 34.7 Pr-ivate creditors Interest (%) ...... 7.1 5.8 6.1 6.4 9.0 7.6 Maturity (years) ...... 8.6 7.7 6.6 5.7 3.3 5.8 Grace period (years) ...... 2.9 2.4 2.1 2.3 2.8 4.6 Grant element (%) ...... 12.5 14.2 12.2 10.0 2.8 10.1 Memorandum items Commitments ...... 414 740 414 982 1,103 981 Official creditors . .... 295 323 374 880 639 482 Private creditors ...... 120 417 40 101 464 499 I ij. CON FR NCFL[ Sd. OBLIiG.X iIONS ON OL. iSrTNDIN(; LONU-TERM DF Br 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAIL Disbursements 338 290 124 94 66 38 28 14 9 6 Principal 371 769 316 397 663 253 234 169 167 151 Inte,rest 252 248 196 177 157 Ill 95 81 71 59 Official creditors Disbursements 292 268 115 92 66 38 28 14 9 6 Principal 172 187 157 200 194 172 164 129 117 122 Interest 100 109 106 103 95 87 79 71 64 57 Bilateral creditors Disbursements 135 119 45 27 15 8 3 0 0 0 Principal 172 160 123 130 110 71 63 28 15 21 Interest 37 37 30 25 20 15 12 10 8 8 Multilateral creditors Disbursements 157 149 70 65 51 31 24 14 9 6 Principal 0 27 34 70 84 100 100 101 102 102 Interest 63 72 76 77 76 72 67 61 56 49 Private creditors Disbursements 46 22 9 2 0 0 0 0 0 0 Principal 199 581 159 197 469 82 70 40 50 29 Interest 152 139 89 74 62 23 17 10 7 3 Commercial banks Disbursements 38 18 8 1 0 0 0 0 0 0 Principal 20 221 25 75 6 5 5 5 5 5 Interest 29 28 8 3 1 1 1 1 1 0 Other private Disbursements 8 4 1 1 0 0 0 0 0 0 Principal 179 360 134 122 463 77 66 36 45 24 Interest 123 111 81 71 61 23 16 10 6 3 304 KENYA (USS miillion, unless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. St %VIMARN DEBTF D A rN TOTAL DEBT STOCKS (EDT) .. 3,383 7,056 7,455 6,907 7,118 7,168 7,376 6,904 6,486 Long-term debt (LDOD) 409 2,489 5,640 6,254 5,737 5,852 6,085 6,368 6,033 5,433 Public and publicly guaranteed 321 2,052 4,760 5,267 5,158 5,252 5,555 5,923 5,658 5,108 Private nonguaranteed 88 437 880 987 579 600 530 445 375 325 Use of IMF credit 0 254 482 493 393 363 405 374 337 250 Short-term debt 640 934 708 777 903 679 634 534 803 of which interest arrears on LDOD 2 95 141 189 242 83 32 16 34 Official creditors 2 49 59 62 59 20 23 9 21 Private creditors ..0 46 82 127 183 63 9 7 13 Memo: principal arrears on LDOD ..3 72 155 263 410 9 6 30 76 Official creditors 0 22 41 72 97 9 2 18 46 Private creditors 3 50 114 192 313 0 4 12 30 Memo: export credits 1,540 1,831 1,~720 1,636 1,617 1,299 1,087 1,013 TOTAL DEBT FLOWS Disbursements 78 713 802 949 502 436 266 694 474 201 Long-term debt 78 619 666 901 502 404 233 694 437 201 IMF purchases 0 94 136 48 0 32 32 0 36 0 Principal repayments 33 205 454 396 406 363 548 595 564 434 Long-termn debt 29 195 349 356 324 301 535 556 503 367 IMF repurchases 4 9 106 40 83 62 14 39 6 1 67 Net flows on debt 45 509 642 280 117 146 -348 105 -175 19 of which short-term debt -.. 294 -273 21 73 -65 6 -84 251 Interest payments (INT) 229 331 318 259 264 328 300 277 214 Long-term debt 17 163 228 246 200 207 288 262 244 183 IMF charges 0 8 26 18 10 4 2 2 2 2 Short-term debt .. 58 78 55 49 53 38 36 30 30 Net transfers on debt 280 310 -38 -141 -118 -676 -194 -451 -195 Total debt service paid (TDS) 434 786 715 665 627 876 895 840 648 Long-term debt 46 359 577 602 523 508 823 818 748 550 IMF repurchases and charges 4 17 131 58 93 66 16 41 63 69 Short-term debt (interest onlv) .. 58 78 55 49 53 38 36 30 30 2. CGGRIGATE NE1 RF.OlAiRCE FI-OWS AND NET TR_%N.~%FERS il-ONG-TERN1i NET RESOURCE FLOWS 67 623 1,351 982 563 396 14 413 198 73 Net flow of long-term debt (cx. IMF) 49 424 317 545 179 103 -301 138 -66 -165 Foreign direct investment (net) 14 79 57 19 6 2 4 32 13 20 Portfolio equity flows 0 0 0 0 0 0 0 0 43 12 Grants (excluding technical coop.) 4 1211 977 418 378 292 311 242 208 207 Memo: technical coop. grants 27 128S 208 223 282 260 193 222 192 185 official net resource flows 33 322 1,227 690 532 432 288 536 302 160 private net resource flows 33 301 124 292 31 -35 -275 -123 -104 -87 NET TRANSFERS 0 310 990 677 238 73 -375 56 -147 -230 Interest on long-term debt 17 163 228 246 200 207 288 262 244, 183 Profit remittances on FDI 49 150 132 59 126 117 100 95 100 120 Memo: official net transfers 25 268 1,093 536 421 306 128 370 139 48 private nlet transfets -25 41 -103 141 -183 -233 -503 -314 -286 -277 3. MIAJOR ECO(No..nFI .-%-('RE(; VE.1 Gross national product (GNP) 1,545 7,039 8,089 7,586 7,563 5.335 6.758 8,694 8.988 10,024 Exports of goods & services (XGS) .. 2,061 2,233 2,206 2,152 2,329 2,675 2,975 3,048 3,017 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 3,095 3,128 2,765 2,532 2,471 2,848 3,874 3,683 4,026 International reserves (RES) 5. 39 236 145 80 437 588 384 776 811 Current account balance .. -876 -527 -213 -180 71 98 -400 -74 -377 4. DEBtl INDIC %TORS EDT /XGS (% . 164.1 316.0 338.0 320.9 305.6 268.0 248.0 226.5 214.9 EDT, GNP(% . 48.1 87.2 98.3 91.3 133.4 106.1 84.8 76.8 64.7 TDS IXGS (% . 21.0 35.2 32.4 30.9 26.9 32.8 30.1 27.6 21.5 INT! XGS (% . 11.1 14.8 14.4 12.0 11.3 12.3 10.1 9.1 7.1 INT GNP(% . 3.3 4.1 4.2 3.4 4.9 4.9 3.4 3.1 2.1 RES EDT(% . 15.9 3.3 1.9 1.2 6.1 8.2 5.2 11.2 12.5 RES /MGS (months) .. 2.1 0.9 0.6 0.4 2.1 2.5 1.2 2.5 2.4 Short-term ,/EDT (%) .. 18.9 13.2 9.5 11.2 12.7 9.5 8.6 7.7 12.4 Concessional / EDT (% . 20.1 34.1 36.7 40.7 43.7 47.3 52.5 56.8 57.5 Multilateral / EDT (%) .. 18.6 35.2 35.0 36.3 36.6 38.4 39.5 42.5 42.9 305 KENYA (US$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. IINC-TERNM DEBI DEBT OUTSTANDING (LDOD) 409 2,489 5,640 6,254 5,737 5,852 6,085 6,368 6,033 5,433 Public and publicly guaranteed 321 2,052 4,760 5,267 5,158 5,252 5,555 5,923 5,658 5,108 Official creditors 237 1,203 3,737 4,000 3,981 4,165 4,826 5,221 5,073 4,645 Multilateral 38 630 2,487 2,608 2,507 2.608 2,755 2,913 2,936 2,785 Concessional 32 267 1,393 1,596 1,636 1,851 2,038 2,247 2,400 2,382 Bilateral 199 572 1,250 1,392 1,474 1,557 2,071 2,308 2,137 1,860 Concessional 138 414 1,013 1,143 1,178 1,259 1,352 1,623 1,522 1,345 Private creditors 84 849 1,024 1,267 1,177 1,087 728 703 585 463 Bonds 71 10 0 0 0 0 0 0 0 0 Commercial banks 1 394 900 L.119 1,015 946 646 602 506 427 Otber private 12 445 124 148 162 141 83 101 79 35 Private nonguaranteed 88 437 880 987 579 600 530 445 375 325 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 88 437 880 987 579 600 530 445 375 325 Memo: IBRD 6 308 872 783 656 566 501 435 312 213 IDA 32 220 1,185 1,370 1,411 1,631 1.789 1,977 2,062 2,032 DISBURSEMENTS 78 619 666 901 502 404 233 694 437 201 Public and publicly guaranteed 37 532 611 841 442 339 233 694 437 201 Official creditors 36 232 430 461 327 317 227 562 343 166 Multilateral 10 153 295 228 130 238 160 220 197 142 Concessional 7 94 264 199 106 234 124 181 181 128 Bilateral 26 79 135 234 197 80 68 342 146 23 Concessional 20 66 134 190 122 65 45 342 104 23 Private creditors 1 300 181 380 115 22' 6 132 94 36 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 215 118 334 68 17 5 72 94 36 Other private 1 85 63 45 47 5 0 60 0 0 Private nonguaranteed 41 87 55 60 60 65 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 41 87 55 60 60 65 0 0 0 0 Memo: IBRD 3 45 4 0 1 0 0 0 0 0 IDA 7 72 235 178 91 226 97 159 156 84 PRINCIPAL REPAYMENTS 29 195 349 356 324 301 535 556 503 367 Public and publicly guaranteed 17 108 312 316 264 251 465 471 433 317 Official creditors 6 31 180 189 173 178 250 268 249 213 Multilateral 1 13 126 127 133 140 150 150 135 121 Concessional 0 1 9 9 9 15 18 18 16 19 Bilateral 5 17 54 62 40 38 100 119 114 92 Concessional 3 5 25 32 24 24 50 51 52 39 Private creditors 12 77 132 127 91 73 214 203 184 104 Bonds 10 0 0 0 0 0 0 0 0 0 Commercial banks 0 25 112 107 75 53 166 158 161 89 Other private 1 53 20 20 16 20 48 45 23 15 Private nonguaranteed 12 88 37 40 60 50 70 85 70 50 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 12 88 37 40 60 50 70 85 70 50 Memo: IBRD 1 11 95 97 98 100 106 100 89 74 IDA 0 1 4 5 6 7 8 9 10 11 NET FLOWS ON DEBT 49 424 317 545 179 103 -301 138 -66 -165 Public and publicly guaranteed 20 424 299 525 179 88 -231 223 4 -115 Official creditors 30 202 250 272 154 140 -23 294 94 -47 Multilateral 9 140 168 101 -3 98 10 71 63 22 Concessional 7 93 256 190 97 219 106 163 165 109 Bilateral 21 62 82 171 157 42 -33 223 31 -69 Concessional 17 61 108 158 99 41 -4 290 53 -16 Private creditors -10 223 49 253 25 -52 -209 -70 -90 -69 Bonds -10 0 0 0 0 0 0 0 0 0 Commercial banks 0 190 6 227 -7 -37 -161 -86 -67 -54 Other private 0 33 43 26 31 -15 -48 15 -23 -15 Private nonguaranteed 30 -1 18 20 0 15 -70 -85 -70 -50 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 30 -1 18 20 0 15 -70 -85 -70 -50 Memo: IBRD 2 35 -92 -96 -97 -100 -106 -100 -89 -74 IDA 7 71 230 173 85 219 89 150 146 72 306 KENYA (US$ million. unlless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 17 163 228 246 200 207 288 262 244 183 Public and publicly guaranteed 13 124 191 201 144 153 242 220 213 152 Official creditors 8 54 134 154 III 126 160 166 163 112 LMultilateral 1 36 too 93 85 84 80 77 73 55 Concessiona] 0 1 9 11 11 13 16 17 17 18 Bilateral S 18 34 61 26 42 80 89 90 57 Concessional 4 7 14 43 17 26 31 43 40 29 Private creditors 5 70 57 47 32 27 82 54 50 40 Bonds 4 1 0 0 0 0 0 0 0 0 Commercial banks 0 30 51 41 27 21 68 48 45 38 Other private 1 39 6 6 6 6 14 7 5 2 Private nonguaranteed 4 39 38 45 56 54 46 42 32 31 Bonds 0 0 0 0 0 0 0 0 0 0 Comnmercial banks 4 39 38 45 56 54 46 42 32 31 Memo: IBRD 0 31 78 68 6 1 55 49 43 34 23 IDA 0 1 7 9 10 I11 13 14 15 15 NET TRANSFERS ON DEBT 32 260 88 299 -21 -104 -590 -123 -310 -348 Public and publicly guaranteed 7 300 108 324 35 -65 -474 3 -209 -267 Official creditors 21 148 116 i18 43 14 -183 128 -69 -159 Multilateral 8 104 68 8 -88 14 -71 -7 -10 -33 Concessions] 7 92 247 179 86 -206 90 147 147 9 1 Bilateral 13 44 48 110 131 0 -112 134 -59 -126 Concessional 13 53 94 115 82 15 -35 248 13 -45 Private creditors -15 152 -8 206 -8 -79 -291 -125 -140 -108 Bonds -14 -1 0 0 0 0 0 0 0 0 Commercial banks 0 160 -45 187 -34 -57 -229 -134 -111 -92 Other private -1 -6 37 20 26 -22 -62 9 -28 -17 Private nonguaranteed 25 -40 -20 -25 -56 -39 -116 -127 -102 -81 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 25 -40 -20 -25 -56 -39 -116 -127 -102 -81 Memo: IBRD 2 3 -169 -165 -158 -156 -155 -144 -122 -97 IDA 7 70 223 164 75 208 76 135 131 57 DEBT SERVICE (LTDS) 46 359 577 602 523 508 823 818 748 550 Public and publicly guaranteed 30 232 502 517 408 404 707 691 646 468 Official creditors 14 84 314 343 285 303 410 434 412 324 Multilateral 2 49 226 220 218 224 230 227 208 175 Concessional 0 2 17 20 20 28 34 35 34 37 Bilateral 13 35 87 123 66 79 180 207 205 149 Concessions] 7 13 40 75 41 50 81 94 91 68 Private creditors 16 148 189 174 123 101 297 257 234 144 Bonds 14 1 0 0 0 0 0 0 0 0 Commercial banks 0 55 163 148 t01 74 234 205 206 127 Other private 2 91 26 26 22 27 62 52 28 17 Private nonguiaranteed 16 127 75 85 116 104 116 127 102 81 Bonds 0 0 0 0 0 0 00 0 0 Comnmercial banks 16 127 75 85 116 104 116 127 102 81 Memo: IBRD 1 42 173 165 159 156 155 144 122 97 IDA 0 2 1 1 14 16 19 21 24 25 26 UNDISBURSED DEBT 119 1,332 1,954 1,968 1,658 1,545 1,515 1,232 1,191 994 Official creditors 119 1,239 1,599 1,666 1,471 1,384 1,350 1,027 1,053 899 Private creditors 0 92 355 302 188 161 165 205 138 95 Memorandum items Concessional LDOD 170 680 2,406 2,739 2,814 3,110 3.390 3,870 3,922 3.727 Variable rate LDOD 88 690 1,090 1,180 748 747 875 777 703 618 Public sector LDOD 321 2,052 4,760 5,267 5,158 5,252 5,555 5,923 5,658 5,108 Private sector LDOD 88 437 880 987 579 600 530 445 375 325 6. UURRENCY ( ONIPOSITION OF LONG-TERM DEBT 'PER( EN] 1 Deutsche, mark 6.0 9.8 1.7 1.6 1.6 1.6 1.9 2.6 2.8 2.9 French franc 0.0 9.0 6.2 5.8 5.6 5.0 6.9 6.1 5.0 4.5 Japanese yen 0.2 4.6 9.0 12.1 13.4 15.2 16.4 18.7 17.9 17.2 Pound sterling 76.4 14.4 8.6 6.9 5.6 5.0 4.5 3.7 3.8 3.4 Swiss franc 0.0 2.3 3-4 7.7 6.9 6.4 4.4 3.8 2.9 2.5 U.S.dollars 15.7 35.8 30.9 30.1 32.0 35.4 35.3 36.4 40.0 43.0 Multiple currency 1.2 14.9 24.4 21.2 19.1 17.1 15.3 13.4 11.6 10.3 Special drawing rights 0.0 0.0 0.3 0.3 0.3 0.3 0.4 0.4 0.4 0.4 All other currencies 0.5 9.2 15.5 14.4 15.5 14.1 15.2 14.7 15.7 15.7 307 KENYA (US$ million, utnless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBI1 RESTl RL!rTU RINGS Total amount rescheduled 0 0 0 0 0 0 533 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 1 367 0 0 0 Official 0 0 0 0 0 0 74 0 0 0 PTivate 0 0 0 0 0 1 293 0 0 0 Interest rescheduled 0 0 0 0 0 0 163 0 0 0 Official 0 0 0 0 0 0 45 0 0 0 Private 0 0 0 0 0 0 118 0 0 0 Debt forgiven ... 84 66 30 0 0 0 0 26 Memo: interest forgiven ... 13 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of whichbdebt buyback 0 0 0 0 0 0 0 0 0 0 8. DEBT ;IOCK-FL01% RE( ONCULI s%rION Total change in debt stocks ... 1,193 398 -548 211 51 208 -472 -419 Net flows on debt ... 642 280 117 146 -348 105 -175 19 Net change in interest arrears . 30 46 48 53 -159 -51 -15 17 Interest capitalized ...0 0 0 0 163 0 0 0 Debt forgiveness or reduction ... -84 -66 -30 0 0 0 0 -26 Cross-currency valuation ... 385 -18 -244 -8 313 98 -276 -300 Residual ... 221 155 -439 20 82 55 -6 -129 9. %VER.AGE rEPRMIS OF NEW COMMIITIENTS ALL CREDITORS Interest (%) 2.5 3.5 4.1 4.4 0.9 2.3 2.0 4.8 0.8 0.6 Maturity (years) 37.3 31.3 25.5 26.2 34.2 31.8 30.1 23.0 37.0 39.0 Grace period (years) 7.9 8.0 7.5 6.1 8.3 8.8 6.8 5.8 9.3 10.1 Grant element (%) 62.6 53.3 46.0 44.2 71.1 63.6 62.0 39.0 75.2 81.0 Official creditors Interest (%) 2.4 3.5 3.0 2.1 0.7 2.3 2.0 2.1 0.8 0.5 Maturity, (years) 37.9 31.5 29.9 34.9 39.0 31.8 30.1 35.7 39.6 39.8 Grace period (years) 8.0 8.1 8.4 8.9 9.3 8.8 6.8 9.9 10.0 10.3 Grant element (%1) 63.7 53.7 57.7 66.6 79.6 63.6 62.0 67.1 80.2 82.6 Private creditors Interest (%) 7.0 8.0 7.4 8.1 1.8 0.0 0.0 8.3 1.4 6.2 Maturity (years) 11.2 5.9 13.2 12.2 2.7 0.0 0.0 6.4 4.1 5.8 Grace period (years) 1.7 -0.6 4.9 1.7 1.7 0.0 0.0 0.5 0.7 1.3 Grant element (%) 12.4 5.2 13.5 8.2 15.1 0.0 0.0 2.5 12.1 10.1 Memorandum items Commitments 50 518 825 869 227 212 98 389 392 98 Official creditors 49 514 606 536 197 212 98 220 363 96 Private creditors 1 4 219 334 30 0 0 169 29 2 lI . CONTRACt t Al. OBLlGAflJ)NN ON OUITSTAN DING LONG-TERMI DEB r 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 343 261 161 98 45 13 7 1 0 0 Principal 406 449 442 442 321 273 193 180 177 179 Interest 174 153 131 105 82 65 55 50 46 42 Official creditors Disbursements 290 233 150 93 45 13 7 1 0 0 Principal 259 308 298 304 193 186 168 170 172 174 Interest 113 102 87 73 61 55 50 47 43 40 Bilateral creditors Disbursemenats 79 64 38 24 11 6 3 0 0 0 Principal 138 185 196 215 103 101 85 86 83 83 Interest 64 59 51 42 33 30 26 24 22 20 Multilateral creditors Disbursements 211 169 113 69 34 7 5 1 0 0 Principal 121 123 102 89 89 84 83 84 88 91 Interest 49 43 36 32 28 26 24 23 21 20 Private creditors Disbursements 53 28 1 1 5 0 0 0 0 0 0 Principal 147 141 144 138 128 88 24 1 1 5 5 Interest 61 52 44 32 21 9 5 3 3 2 Commercial banks Disbursements 51 26 10 4 0 0 0 0 0 0 Principal 96 76 81 73 68 38 19 9 5 5 Interest 33 28 23 17 12 6 4 3 3 2 Other private Disbursements 1 1 1 0 0 0 0 0 0 0 Principal 5 1 65 64 65 60 50 5 2 0 0 Interest 29 24 21 15 9 3 1 0 0 0 308 KOREA, REPUJBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 J. SUiMMARY DEBT D)ATA Total External Liabilities I . 164,340 158,060 TOTAL DEBT STOCKS (EDT) 29,480 46,976 53,641 57,466 62,802 94,038 115,030 131,740 143,373 Long-term debt (LDOD) 1,991 18,236 24,186 28,533 32,236 35,002 53,859 56,061 66,060 78,517 Public and publicly guaranteed 1,816 15,933 18,786 22,481 24,050 24,566 32,310 38,987 42,262 40,241 Private nonguaranteed 175 2,303 5,400 6,052 8,186 10,436 21,550 17,074 23,798 38,276 Use of IMF credit 0 683 0 0 0 0 0 0 0 11,064 Short-term debt 10,561 22,790 25,108 25,230 27,800 40,179 58,969 65,680 53,792 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 0 0 0 0 0 0 0 0 Official creditors ..0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: export credits ... 6,821 3,945 3,723 3,329 4,687 3,247 2,957 4,586 TOTAL DEBT FLOWS Disbursements 476 4,605 5,736 7,138 8,215 8,251 19,186 11,395 21,836 32,207 Long-term debt 476 3,980 5,736 7,138 8,215 8,251 19,186 11,395 21,836 20,923 IMF purchases 0 625 0 0 0 0 0 0 0 11,284 Principal repayments 218 1,586 5,678 3,369 4,237 6,269 5,518 6,337 7,441 7,559 Long-term debt 205 1,554 5,678 3,369 4,237 6,269 5,518 6,337 7,441 7,559 IMFErepurchases 13 33 0 0 0 0 0 0 0 0 Net flows on debt 258 3,019 3,873 6,087 4,100 4,552 26,047 23,848 21,106 12,759 of which short-term debt ... 3,815 2.318 122 2,570 12,379 18,790 6,711 -11,888 Interest payments (INT) 2,863 2,596 2,701 2,751 2,904 3,600 6,744 7,309 6,989 Long-term debt 76 1,637 1,683 1,726 1,999 2,116 2,752 3,709 3,386 4,102 IMF charges 0 17 0 0 0 0 0 0 0 0 Short-term debt .. 1,210 913 975 751 788 848 3,035 3,923 2,887 Net transfers on debt 155 1,277 3,386 1,349 1,648 22,447 17,104 13,797 5,770 Total debt service paid (TDS) 4,449 8,274 6,070 6,988 9,174 9,118 13,081 14,750 14,548 Long-term debt 281 3,190 7,361 5,095 6,237 8,386 8,270 10,046 10,827 11.662 IMF repurchases and charges 13 49 0 0 0 0 0 0 0 0 Short-term debt (interest only) .. 1,210 913 975 751 788 848 3,035 3,923 2,887 2. AGGREGA~T[ NET RESO[ RCf FLO%NS AND NE'I TR XNFERS l-ONG-TERMi NET RESOURCE FLOWS 411 2,440 1,369 5,301 7,753 8,603 17,003 10,397 20,422 17,465 Net flow of long-term debt (ex. IMF) 271 2426 58 3,769 3,978 1,982 13,668 5,058 14,395 13,363 Foreign direct investment (net) 66 6 788 1,180 727 588 809 1,776 2,325 2,844 Portfolio equity flows 0 0 518 345 3,045 6,029 2,525 3,559 3,700 1,257 Grants (excluding technical coop.) 75 8 4 6 3 3 0 5 2 0 Memo: technical coop. grants 13 34 101 95 119 149 116 145 147 106 official net resource flows 221 658 313 -232 253 -144 -687 -744 -634 4,396 private net resource flows 190 1,782 1,056 5,533 7,499 8,746 17,690 11,141 21,056 13,069 NET TRANSFERS 330 740 -581 3,278 5,506 6,233 13,980 6,393 16,716 13,363 Interest on long-term debt 76 1.637 1,683 1,726 1,999 2,116 2,752 3,709 3,386 4,102 Profit remittances on FDI 5 64 266 296 247 253 270 295 320 0 Memo: official net transfers 207 289 -221 -780 -268 -670 -1,242 -1,282 -1,092 3,947 private net transfers 124 450 -360 4,058 5,774 6,903 15,222 7,675 17,808 9,416 3. NLkJOR ECONOMICA.GG;REGAIES Gross national product (GNP) 8,979 60,677 251,870 292,140 305,780 330,790 378,090 452,470 480,380 437,320 Exports of ggoods St ser-vices (XGS) .. 22,050 76,678 84,027 89,857 97,860 114,855 151,241 157,233 168,929 of which worker s remittances .. 86 488 561 487 311 245 291 183 129 Imports of goods & services (MGS) .. 27,812 79,343 92,586 94,405 97,747 119,750 159f670 180,010 177,630 International reserves (RES) 610 3,101 14,916 13,815 17,228 20,355 25,764 32,804 34,158 20,465 Current account balance .. -5,312 -2,003 -8,317 -3,944 990 -3,867 -8,507 -23,006 -8,167 -4. D)FBT INDI)CATORS EDT IXGS (% . 133.7 61.3 63.8 64.0 64.2 81.9 76.1 83.8 84.9 EDT! GNP (% . 48.6 18.7 18.4 18.8 19.0 24.9 25.4 27.4 32.8 TDS /XGS (% . 20.2 10.8 7.2 7.8 9.4 7.9 8.6 9.4 8.6 INT /XGS (% . 13.0 3.4 3.2 3.1 3.0 3.1 4.5 4.6 4.1 INT/ GNP (% . 4.7 1.0 0.9 0.9 0.9 1.0 1.5 1.5 1.6 RES 1EDT () . 10.5 31.8 25.8 30.0 32.4 27.4 28.5 25.9 14.3 RES /MGS (months) .. 1.3 2.3 1.8 2.2 2.5 2.6 2.5 2.3 1.4 Short-term / EDT (%) .. 35.8 48.5 46.8 43.9 44.3 42.7 51.3 49.9 37.5 Concessional / EDT (%) .. 9.5 9.4 8.6 7.8 7.4 5.1 3.8 2.8 2.2 Multilateral / EDT (%o) .. 8.0 8.1 6.7 5.8 5.1 3.3 2.5 1.8 4.8 *Total external liabilities include external debt (as per DRS definition) and debt contracted by overseas branches of domestic financial institutions. 309 KOREA, REPUBLIC OF (US5$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. ONG'-T]ERMN DEIIT DEBT OUTSTANDING (LDOD) 1,991 18,236 24,186 28,533 32,236 35,002 53,859 56,061 66,060 78,517 Public and publicly guaranteed 1,816 15,933 18,786 22,481 24,050 24,566 32,310 38,987 42,262 40,241 Official creditors 588 6,332 9,270 9,179 9,099 9,432 9,412 8,700 7,480 11,400 Multilateral 46 2,361 3,794 3,590 3,327 3,202 3,100 2,844 2,363 6,923 Concessional 27 113 98 95 92 89 85 82 79 75 Bilateral 542 3,970 5,476 5,589 5,772 6,230 6,312 5,856 5,116 4,477 Concessional 500 2.675 4,317 4,528 4.386 4,566 4,694 4,272 3,617 3,071 Private creditors 1,228 9,01 9,516 13,302 14,951 15,134 22,897 30,287 34,782 28,841 Bonds 0 291 2.563 4,169 5,460 7,652 9,539 8,588 7,332 6,327 Commercial banks 27 4,213 2,634 4,249 5,~090 4,289 9,942 18,442 23,657 19,149 Other private 1,201 5,098 4,320 4,884 4,401 3,193 3,416 3,257 3,793 3,364 Private nongtuaranteed 175 2,303 5,400 6,052 8,186 10,436 21,550 17,074 23,798 38,276 Bonds 0 0 490 1,730 2,929 4,559 15.325 10,500 15,848 18,555 Commercial banks 175 2,303 4,910 4,322 5,258 5,878 6,225 6,574 7,950 19,721 Memo: IBRD 10 1,723 3,240 2,949 2,644 2,520 2,380 2,163 1,841 4,505 IDA 27 113 98 95 92 89 85 82 79 75 DISBURSEMENTS 476 3,980 5,736 7,138 8,215 8,251 19,186 11,395 21,836 20,923 Public and publicly guaranteed 444 3,429 4,207 5,126 5,108 4,353 9,138 2,950 8,823 10,631 Official creditors 154 916 1,357 695 1,192 856 438 216 224 5,161 Multilateral 13 344 233 205 307 296 295 150 211 5,161 Concessional 1 0 0 0 0 0 0 0 0 0 Bilateral 141 572 1,124 490 885 560 143 65 13 0 Conicessional 122 178 1,066 266 1163 138 43 18 3 0 Private creditors 290 2,513 2.85 1 4,431 3,916 3.497 8.701 2,734 8,599 5,470 Bonds 0 44 982 1,700 1,398 2,972 2,263 0 0 0 Commercial banks 27 1,222 590 1,656 1,439 225 5,998 2.574 7,574 5,470 Other private 264 1,247 1,279 1,075 1,079 301 440 160 1,025 0 Private nonguaranteed 32 551 1,529 2,013 3,107 3,898 10,047 8,445 13,013 10,292 Bonds 0 0 410 1.227 1,212 1.628 8,000 4,990 9,448 6,242 Commercial banks 32 551 1.1 19 786 1.895 2.270 2,047 3,455 3,565 4.050 Memo: IBRD 7 254 145 108 211 258 282 144 210 3,161 IDA 1 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 205 1,554 5,678 3,369 4,237 6,269 5,518 6,337 7,441 7,559 Public and publicly guaranteed 198 1,490 3,589 2,009 3,037 4,619 2,818 3,406 4,459 3,558 Official creditors 7 266 1.049 933 942 1,003 1,125 964 860 765 Multilateral 0 III 652 492 473 541 631 505 483 428 Concessional 0 1 2 3 3 4 4 4 4 4 Bilateral 7 155 397 441 469 462 494 459 377 337 Concessional 2 80 246 279 304 325 349 368 287 251 Private creditors 192 1,224 2,540 1,075 2,096 3.6 16 1.693 2,442 3,599 2,793 Bonds 0 0 1,223 205 50 906 756 958 957 793 Commercial banks 0 301 619 356 593 1,231 556 1,076 2,242 1,684 Other private 192 923 698 514 1.453 1,479 381 408 400 316 Private nonguaranteed 7 64 2,090 1,360 1,200 1,650 2,700 2,931 2,982 4,001 Bonds 0 0 0 0 0 0 1,000 1,290 1,826 2,745 Commercial banks 7 64 2.090 1.360 1,200 1,650 1,700 1,641 1,155 1,256 Memo: IBRD 0 66 547 439 427 464 588 460 386 363 IDA 0 1 2 3 3 4 4 4 4 4 NET FLOWS ON DEBT 271 2,426 58 3,769 3,978 1,982 13,668 5,058 14,395 13,363 Public and publicly guaranteed 246 1,940 619 3,117 2,071 -266 6,321 -456 4,364 7,072 Official creditorS 147 650 308 -238 250 -147 -687 -749 -636 4,396 Multilateral 13 233 -418 -287 -166 -245 -336 -355 .272 4,733 Concessional 1 -1 -2 -3 -3 -4 .4 -4 -4 -4 Bilateral 134 417 727 49 416 98 -351 -394 -364 -337 Concessional 121 98 821 -13 -141 -188 -306 -350 -284 -251 Private creditors 99 1,289 311 3,355 1,820 -119 7,008 292 5,000 2,677 Bonds 0 44 -242 1,495 1,348 2,066 1,506 -958 -957 -793 Commercial banks 27 921 -28 1,300 846 -1,007 5,442 1,498 5,331 3,786 Other private 72 325 580 561 -374 -1,178 60 -248 625 -316 Private nonguaranteed 25 487 -561 652 1,907 2,248 7,347 5,514 10,032 6,291 Bonds 0 0 410 1,227 1,212 1,628 7,000 3,700 7,622 3.497 Commercial banks 25 487 -971 -574 695 620 347 1,814 2,410 2,794 Memo: IBRD 7 188 -402 -331 -217 -206 -306 -317 -176 2,798 IDA I -1 -2 -3 -3 -4 -4 -4 -4 -4 310 KOREA, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 76 1,637 1,683 1,726 1,999 2,116 2,752 3,709 3,386 4,102 Plublic and publicly guaranteed 71 1,293 1,177 1,223 1,570 1,595 1,639 2,076 1,824 1,806 Official creditors 15 369 533 547 521 526 555 538 458 449 Multilateral 1 193 303 278 257 245 233 219 179 200 Concessional 0 1 1 1 1 1 1 1 1 1 Bilateral 14 175 230 269 265 282 322 319 278 250 Concessional 12 86 128 166 171 184 187 189 154 133 Private creditors 56 925 644 676 1,049 1,069 1,085 1,538 1,367 1,357 Bonds 0 14 185 233 358 467 562 643 544 487 Commercial banks 0 516 218 220 274 265 245 619 581 602 Other private 56 394 241 222 417 336 278 276 242 268 Private nonguaranteed 5 343 507 503 429 521 1,113 1,633 1,562 2,296 Bonds 0 0 5 27 60 123 706 1,267 1,237 1,911 Commercial banks 5 343 502 476 370 399 407 366 325 385 Memo: IBRD 0 145 262 238 212 196 185 170 141 172 IDA 0 1 1 1 1 1 1 1 1 1 NET TRANSFERS ON DEBT 195 790 -1,625 2,043 1,978 -134 10,916 1,349 11,009 9,261 Public and publicly guaranteed 175 646 -558 1,894 501 -1,861 4,682 -2,532 2,540 5,266 Official creditors 132 281 -225 -786 -271 -673 -1,242 -1,287 -1,094 3,946 Multilateral 12 40 -721 -565 -422 -490 -569 -574 -452 4,533 Concessional 1 -2 -3 -3 -4 -4 -4 -4 -4 -4 Bilateral 120 242 496 -220 151 -184 -673 -713 -642 -587 Concessional 109 12 692 -179 -312 -371 -493 -539 -438 -384 Private creditors 43 365 -333 2,680 772 -1,188 5,924 -1,246 3,633 1,320 Bonds 0 30 -427 1,262 991 1,599 944 -1,601 -1,501 -1,280 Comnmercial banks 27 404 -246 1,080 572 -1 ,272 5,198 880 4,751 3,184 Other private 16 -69 340 338 -791 -1,515 -218 -524 383 -584 Private nonguaranteed 20 144 -1,067 149 1,478 1,727 6,235 3,881 8,469 3,995 Bonds 0 0 405 1,200 1,153 1,505 6,294 2,433 6,385 1,586 Commercial banks 20 144 -1,472 -1.051 325 221 -59 1,448 2,084 2,409 Memo: IBRD 7 43 -664 -569 -428 -401 -491 -486 -317 2,626 IDA 1 -2 -3 -3 -4 -4 -4 -4 -4 -4 DEBT SERVICE (LTDS) 281 3,190 7,361 5,095 6,237 8,386 8,270 10,046 10,827 11,662 Public and publicly guaranteed 269 2,783 4,765 3,232 4,607 6,214 4,457 5,482 6,283 5,365 Official creditors 22 635 1,582 1,481 1,463 1,529 1,680 1,503 1,318 1,215 Multilateral 1 305 954 771 730 786 864 725 663 628 Concessional 0 2 3 3 4 4 4 4 4 4 Bilateral 21 330 627 710 733 743 816 778 655 587 Concessional 13 167 374 445 475 509 536 557 441 384 Private creditors 248 2,148 3,184 1,751 3,144 4,685 2,777 3,980 4,965 4,150 Bonds 0 14 1,409 438 407 1,373 1,319 1,601 1,501 1,280 Commercial banks 0 817 836 577 867 1,496 801 1,695 2,823 2,286 Other private 248 1,317 939 736 1,870 1,816 658 684 642 584 Pirivate nonguaranteed 12 407 2,596 1,863 1,629 2,171 3,813 4,564 4,544 6,297 Bonds 0 0 5 27 60 123 1,706 2,557 3,063 4,656 Commercial banks 12 407 2,591 1,837 1,570 2,049 2,107 2,007 1,481 1,641 Memo: IBRD 0 211 809 677 639 659 773 630 527 535 IDA 0 2 3 3 4 4 4 4 4 4 UNDISBURSED DEBT 887 6,731 2,287 2,373 1,590 1,655 3,021 1,793 1,989 3,726 Official creditors 370 3,908 1,824 1,703 1,420 840 837 780 556 2,407 Private creditors 517 2,823 463 670 170 815 2,184 1,013 1,433 1,319 Memorandum items Concessional LDOD 527 2,789 4,415 4,623 4,478 4,655 4,779 4,354 3,695 3,146 Variable rate LDOD 196 6,641 9,492 11,304 13,555 15,115 31,672 35,381 47,461 62,268 Public sector LDOD 810 9,770 16,151 18,641 19,324 20,719 26,230 26,171 24,999 27,361 Private sector LDOD 1,180 8,466 8,035 9,892 12,912 14,282 27,6-29 29,890 41,061 51,156 6. C LiR.RE NCI (iONIPOSrFlN0 OF LOING-T-IFRNIl DERU FPERCENTI' Deutsche mark 7.2 3.7 4.7 5.2 5.1 4.2 3.4 1.8 0.7 0.3 French franc 2.1 2.4 8.0 6.4 5.1 4.1 3.0 2.3 1.7 1.3 Japanese yen 5.1 16.6 31.5 31.4 29.7 32.0 27.0 19.1 12.8 10.2 Pound sterling 1.4 3.3 0. 0.4 0. 0.2 0.2 0.2 0.1 0.1 Swiss franc 0.4 1.9 1.1 0.6 0.5 0.6 0.3 0.2 0.2 0.2 U.S.dollars 82.1 53.5 33.0 39.3 45.1 45.7 56.5 69.1 78.8 83.0 Multiple currency 1.2 12.9 18.8 14.8 12.8 12.1 8.9 6.8 5.3 4.6 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 0.5 5.8 2.2 1.9 1.5 1.0 0.7 0.5 0.4 0.3 311 KOREA, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEwrU RES'TRUCTU'RING.s Total amount rescheduled 0 0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven ..0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8. DEBI ',TOCK4-FLOA% RECONCILLATION Total change in debt stocks ... 5,003 6,665 3,825 5,336 31,237 20,992 16,710 11,633 Net flows on debt ... 3.873 6,087 4,100 4,552 26,047 23,848 21,106 12,759 Net change in interest arrears ...0 0 0 0 0 0 0 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 0 0 Cross-currency valuation 1,202 573 -426 1,077 2,282 -162 -1,352 -1,315 Residual ... -73 5 152 -293 2,908 -2,695 -3,044 188 9). %% ERAGE TERMS OF NE"~ CONIAiI I'NIEN rs ALL CREDITORS Interest (%) 5.8 11.3 7.9 7.7 7.1 5.7 6.1 6.8 6.6 6.6 Maturity (years) 19.1 15.3 17.6 11.3 13.0 10.1 14.2 11.6 14.3 16.5 Grace period (years) 5.8 3.9 5.3 3.9 5.1 4.6 4.7 1.4 3.5 4.7 Grant element (%) 27.7 -3.6 13.2 9.4 15.3 17.0 20.3 12.6 16.8 18.5 Ofricial creditors Interest (% 4.5 7.4 6.2 7.8 6.9 7.4 6.5 7.1 0.0 6.4 Maturity (years) 28.0 20.4 23.7 16.1 17.3 14.9 15.0 14.8 0.0 18.7 Grace period (years) 7.7 6.0 7.0 5.5 6.2 5.4 5.5 5.3 0.0 5.9 Grant element (%) 43.1 16.9 27.1 12.3 19.7 14.6 20.2 16.2 0.0 21.8 Private creditors Interest (% 6.7 14.1 8.9 7.7 7.1 5.6 6.1 6.8 6.6 6.8 Maturity (years) 12.9 11.7 14.0 10.9 12.2 9.8 14.2 11.2 14.3 15.2 Grace period (years) 4.6 2.4 4.4 3.8 4.8 4.6 4.7 1.0 3.5 3.9 Grant element (%) 17.2 -18.0 5.1 9.2 14.4 17.1 20.3 12.2 16.8 16.5 Memorandum items Commitments 691 4,928 3,744 5,143 4,087 4,432 10,539 1,723 9,010 18,268 Official creditors 282 2,027 1,387 392 710 290 480 175 0 7,015 Private creditors 409 2,901 2,356 4,751 3,377 4,142 10,059 1,548 9,010 11,253 J O. (O TR t,,iil OBLIG ATIONS ON OU LIr'1TAND)TN( 1-0NG4-TERAI D)EBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 1,981 997 646 49 26 17 8 2 0 0 Principal 10,896 10,208 7,427 6,136 6.400 5,836 6,538 5.367 4,688 4.169 Interest 4,838 4,521 3,491 3,135 2,794 2,438 2,103 1,733 1,408 1,171 Ofricial creditors Disbursements 975 782 549 49 26 17 8 2 0 0 Principal 695 636 634 599 584 891 1,169 1,156 1,135 1,113 Interest 648 743 739 705 672 639 577 510 442 376 Bilateral creditors Disbursements 23 10 0 0 0 0 0 0 0 0 Principal 399 398 383 372 370 350 295 289 281 270 Interest 226 205 183 163 142 123 105 90 76 62 Multilateral creditors Disbursements 952 772 549 49 26 17 8 2 0 0 Principal 296 239 251 227 214 541 875 867 854 844 Interest 423 538 556 543 529 516 473 419 366 314 Private creditors Disbursements 1,007 215 98 0 0 0 0 0 0 0 Principal 10,201 9,572 6,793 5,537 5,816 4,944 5,369 4,211 3,553 3,055 Interest 4,189 3,778 2,751 2,430 2,122 1,800 1,526 1,223 966 795 Commercial banks Disbursements 167 0 0 0 0 0 0 0 0 0 Principal 2,105 1,786 1,543 1,257 1,358 1,426 1,402 1,294 1,227 1,135 Interest 1,298 1,183 1,066 960 869 770 671 574 484 402 Other private DisburseMents 839 215 98 0 0 0 0 0 0 0 Principal 8,096 7,786 5,250 4,280 4,459 3,519 3,967 2,917 2,326 1,920 Interest 2,892 2,595 1,686 1,470 1,253 1,030 855 649 481 393 312 KYRGYZ REPUBLIC (US$ million, lnless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SULM MlR' DEBT DATA TOTAL DEBT STOCKS (EDT) .. .. .. .. 3.7 290.2 446.1 608.3 764.4 928.2 Long-term debt (LDOD) .. .. .. .. 3.7 229.8 355.4 471.0 616.1 730.3 Public and publicly guaranteed .. .. .. .. 3.7 229.8 355.4 471.0 616.1 730.3 Private nonguaranteed .. .. .. .. 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit .. .. .. .. 0.0 60.2 77.8 124.3 139.6 164.9 Short-term debt .. .. .. .. 0.0 0.1 12.8 13.0 8.7 33.0 of which interest arrears on LDOD .. .. .. .. 0.0 0.1 12.8 10.8 0.5 0.0 Official creditors .. .. .. .. 0.0 0.1 12.8 10.8 0.5 0.0 Private creditors .. .. .. 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. .. .. .. 0.0 0.8 11.6 11.0 3.1 1.1 Official creditors .. .. .. .. 0.0 0.8 11.6 11.0 3.1 1.1 Private creditors .. .. .. .. 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits .. .. .. .. 0.0 0.0 0.0 17.0 52.0 54.0 TOTAL DEBT FLOWS Disbursements .. .. .. .. 3.8 133.0 132.7 200.6 190.7 198.0 Long-term debt .. .. .. .. 3.8 71.8 119.2 154.6 167.2 153.7 IMF purchases .. .. .. .. 0.0 61.2 13.5 46.0 23.4 44.4 Principal repayments .. .. .. .. 0.0 0.0 0.0 36.3 36.2 20.6 Long-term debt .. .. .. .. 0.0 0.0 0.0 36.3 32.4 10.8 IMF repurchases . . 0.0 0.0 0.0 0.0 3.9 9.8 Net flows on debt .. .. .. .. 3.8 133.0 132.7 166.5 160.4 202.2 of which short-term debt . .. .. .. 0.0 0.0 0.0 2.2 6.0 24.8 Interest payments (INT) .. .. .. .. 0.0 1.4 16.4 23.5 14.3 22.7 Long-term debt .. .. .. .. 0.0 0.4 13.1 19.7 10.8 18.6 IMF charges .. .. .. .. 0.0 1.1 3.3 3.7 3.1 3.0 Short-term debt .. .. .. .. 0.0 0.0 0.0 0.1 0.4 1.1 Net transfers on debt .. .. .. .. 3.8 131.6 116.4 142.9 146.1 179.5 Total debt service paid (TDS) .. .. .. .. 0.0 1.4 16.4 59.9 50.6 43.3 Long-term debt .. .. .. .. 0.0 0.4 13.1 56.0 43.2 29.4 IMF repurchases and charges .. .. .. .. 0.0 1.1 3.3 3.7 7.0 12.8 Short-term debt (interest only) .. .. .. .. 0.0 0 0.0 0.1 0.4 1.1 !. WG(;RrC..%T NET REwOULRCE FLOW,% %ND NET 1 R%NSVER.L. iLONG.-TERA. i NET RESOURCE FLOWS .. .. .. .. 3.8 145.1 229.6 268.3 227.0 236.3 Net flow of long-term debt (ex. IMF) .. .. 3.8 71.8 119.2 118.3 134.9 142.8 Foreign direct investment (net) .. .. .. .. 0.0 10.0 38.2 96.1 47.2 50.0 Portfolio equity flows .. .. .. .. 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) .. .. .. .. 0.0 63.3 72.2 53.9 44.9 43.5 Memo: technical coop. grants .. .. .. .. 2.0 7.4 10.3 27.3 44.0 28.4 official net resource flows .. .. .. .. 3.8 135.1 191.4 172.2 179.8 186.3 private net resource flows .. .. .. .. 0.0 10.0 38.2 96.1 47.2 50.0 NET TRANSFERS .. .. .. .. 3.8 144.7 216.5 248.6 216.1 217.8 Interest on long-term debt .. .. .. .. 0.0 0.4 13.1 19.7 10.8 18.6 Profit remittances on FDI .. .. .. .. 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers .. .. .. .. 3.8 134.7 178.3 152.5 169.0 167.7 private net transfers .. .. .. .. 0.0 10.0 38.2 96.1 47.2 50.0 3. MAJO R ECO )NOM IC .AGGRELGATES Gross national product (GNP) .. .. .. .. 2,157.7 2,553.8 2,501.0 3,294.4 2,686.3 2.169.7 Exports of goods & services (XGS) .. .. .. .. 284.8 349.6 372.9 452.5 568.6 684.2 of which workers remittances .. .. .. .. 0.0 1.3 0.2 0.8 1.8 2.2 Imports of goods & services (MGS) .. .. .. .. 400.2 503.1 519.2 765.0 1,075.4 888.1 International reserves (RES) .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. 4. DEBI INDlIArORS EDT / XGS (%) .. .. .. .. 1.3 83.0 119.6 134.4 134.4 135.7 EDT/ GNP (%) . . .. .. 0.2 11.4 17.8 18.5 28.5 42.8 TDS / XGS (%) .. .. .. .. 0.0 0.4 4.4 13.2 8.9 6.3 INT / XGS (%) .. .. .. .. 0.0 0.4 4.4 5.2 2.5 3.3 INT / GNP (%) .. .. .. .. 0.0 0.1 0.7 0.7 0.5 1.0 RES / EDT(%) .. .. .. .. .. .. .. .. RFS / MGTS (months) .. .. .. .. Short-term /EDT (%) .. .. .. .. 0.0 0.0 2.9 2.1 1.1 3.6 Concessional / EDT (%) .. .. .. .. 13.6 48.2 52.0 60.4 47.9 50.0 Multilateral / EDT (%o) .. .. .. .. 0.0 16.8 19.9 30.0 37.5 43.6 313 KYRGYZ REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 DEBT OUTSTANDING (LDOD) . .. . .. 3.7 229.8 355.4 471.0 616.1 730.3 Public and publicly guaranteed ...... 3.7 229.8 355.4 471.0 616.1 730.3 Official creditors ...... 3.7 229.8 355.4 471.0 616.1 730.3 Multilateral ...... 0.0 48.6 88.9 182.6 287.0 404.5 Concessional ..... 0.0 22.6 60.4 173.6 256.3 358.1 Bilateral ...... 3.7 181.2 266.5 288.4 329.1 325.8 Concessional ...... 0.5 117.3 171.4 193.9 110.2 105.6 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ..... 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 22.6 60.4 141.2 196.8 251.1 DISBURSEMENTS . .. . .. 3.8 71.8 119.2 154.6 167.2 153.7 Public and publicly guaranteed .... . 3.8 71.8 119.2 154.6 167.2 153.7 Official creditors ...... 3.8 71.8 119.2 154.6 1-67.2 153.7 Multilateral ...... 0.0 50.1 35.7 124.3 111.0 136.5 Concessional ...... 0.0 22.8 35.7 115.3 89.3 119.0 Bilateral ...... 3.8 21.7 83.5 30.3 56.2 17.1 Concessional ...... 0.5 5.0 52.8 25.6 43.8 6.6 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Othe,r pr-ivate ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD .. .. 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 22.8 35.7 81.3 61.2 66.5 PRINCIPAL REPAYMENTS . . . .. 0.0 0.0 0.0 36.3 32.4 10.8 Public and publicly guaranteed . .... 0.0 0.0 0.0 36.3 32.4 10.8 Official creditors ...... 0.0 0.0 0.0 36.3 32.4 10.8 Multilateral ...... 0.0 0.0 0.0 30.4 0.0 2.0 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.1 Bilateral ...... 0.0 0.0 0.0 5.9 32.4 8.8 Concessional ...... 0.0 0.0 0.0 0.2 0.7 0.6 Private creditors ... .. .0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ...... 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT . . . .. 3.8 71.8 t119.2 118.3 134.9 142.8 Public and publicly guaranteed . .... 3.8 71.8 119.2 118.3 134.9 142.8 Official creditors ...... 3.8 71.8 119.2 118.3 134.9 142.8 Multilateral ...... 0.0 50.1 35.7 93.9 111.0 134.5 Concessionial ...... 0.0 22.8 35.7 115.3 89.3 118.8 Bilateral ...... 3.8 21.7 83.5 24.4 23.9 8.4 Concessional . .... 0.5 5.0 52.8 25.4 43.2 6.0 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial baniks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ...... 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 22.8 35.7 81.3 61.2 66.5 314 KYRGYZ REPUBLIC (US$ millioni, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) . .. . .. 0.0 0.4 1-3.1 19.7 10.8 18.6 Public and publicly guaranteed .... . 0.0 0.4 13.1 19.7 10.8 18.6 Official creditors ...... 0.0 0.4 13.1 19.7 10.8 18.6 Multilateral ...... 0.0 0.3 5.1 2.6 2.6 4.9 Concessional .... 0.0 0.0 0.2 0.7 1.5 2.2 Bilateral . ... 0.0 0.0 8.0 17.1 8.2 13.7 Concessional . ... 0.0 0.0 1.7 11.0 2.3 3.2 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private . .... 0.0 0.0 0.0 0.0 0.0 0.0 Pri-vate nonguaranteed .... . 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD . .... 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 0.0 0.2 0.6 1.0 1.5 NET TRANSFERS ON DEBT . .. . .. 3.8 71.4 106.1 98.6 124.0 124.3 Public and publicly guaranteed . ... 3.8 71.4 106.1 98.6 124.0 124.3 Official creditors ...... 3.8 71.4 106.1 98.6 124.0 124.3 Multilateral ...... 0.0 49.7 30.6 91.2 108.4 129.6 Concessional ...... 0.0 22.8 35.5 114.6 87.8 116.6 Bilateral ...... 3.8 21.7 75.5 7.3 15.7 -5.3 Concessional ...... 0.5 5.0 51.1 14.4 40.9 2.8 Private creditors ...... 0.0 0.0 0.0 0.-0 0.0 0.0 Bonds ,..... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .... . 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Comfmercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo:. IBRD ...... 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 22.8 35.5 80.7 60.1 65.0 DEBT SERVICE (LTDS) . . . .. 0.0 0.4 13.1 56.0 43.2 29.4 Public and publicly guaranteed ...... 0.0 0.4 13.1 56.0 43.2 29.4 Official creditors ...... 0.0 0.4 13.1 56.0 43.2 29.4 Multilateral .... . 0.0 0.3 5.1 33.0 2.6 6.9 Concessional ...... 0.0 0.0 0.2 0.7 1.5 2.4 Bilateralt.. .. 0.0 0.0 8.0 23.0 40.6 22.5 Concessional .. .. 0.0 0.0 1.7 11.2 3.0 3.8 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Comnmercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... .. . 0.0 0.0 0.0 0.0 0.0 Memo: IBR.D ...... 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 0.0 0.2 0.6 1.0 1.5 UNDISBURSED DEBT . .. . . 32.3 181.7 261.7 274.8 333.5 403.6 Official creditors ...... 32.3 181.7 261.7 274.8 333.5 403.6 Private creditorS U.. .. . 0. 0.0 0. 0.0 0.0 Memorandum items Concessional LDOD ...... 0.5 139.9 231.7 367.5 366.4 463.6 Variable rate LDOD ...... 0.0 199.7 224.2 198.9 217.8 232.1 Puiblic sector LDOD ...... 3.7 229.8 355.4 471.0 616.1 730.3 Private sector LDOD ...... 0.0 0.0 0.0 0.0 0.0 0.0 6. CUtRRiNC1 LOMPOSITIO)N OF l-0-G.rFR:,% DEBT IPERCENT'i Deutsche mar-k . .... 0.0 0.0 0.7 2.7 2.6 2.5 French franc ...... 0.0 0.0 0.0 0.0 0.0 0.1 Japanese yen ...... 0.0 0.0 14.1 14.3 13.5 10.5 Pound sterling ...... 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc IOU . . 0. 1.6 1.5 1.3 0.7 0.1 Uj.S.dollars ...... 0.0 38.5 44.1 51.2 73.9 75.2 Multiple currency ...... 0.0 0.0 0.0 6.9 9.3 11.6 Special drawing rights ...... 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ...... 0.0 60.0 39.5 23.7 0.0 0.0 315 KYRGYZ REPUBLIC (US$ million, iunless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBI REf'R14t1 (I RI\(.S Total amount rescheduled ...... 0.0 155.9 0.0 0.0 194.9 3.0 Debt stock rescheduled ...... 0.0 0.0 0.0 0.0 106.8 2.9 Prinicipal rescheduled ...... 0.0 0.0 0.0 0.0 59.9 0.0 Official ...... 0.0 0.0 0.0 0.0 59.9 0.0 Private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ...... 0.0 0.0 0.0 0.0 27.9 0.0 Official ..... 0.0 0.0 0.0 0.0 27.9 0.0 Private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ...... 0.0 0.0 0.0 0.0 0.2 0.0 Memo: interest forgiven ...... 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ...... 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ...... 0.0 0.0 0.0 0.0 0.0 0.0 S. DEBT N I OCI(-I LO%% RLA EON( ltI.ArT10% Total change in debt stocks ... .. . 286.6 155.9 162.2 156.1 163.8 Net flows on debt ... .. . 133.0 132.7 166.5 160.4 202.2 Net change in interest arrears ... .. . 0.1 12.7 -2.1 -10.3 -0.5 Interest capitalized ... .. .0.0 0.0 0.0 27.9 0.0 Debt forgiveness or reduction ... .. . 0.0 0.0 0.0 -0.2 0.0 Cross-currency valuation ... .. . -78.1 -62.6 -24.5 -11.3 -10.8 Residual ... .. . 231.5 73.0 22.3 -10.4 -27.1 9. -%WER.%iE'I ERNIS OIF NEWcommnNliTENTs AILL CREDITORS Interest (%) ...... 3.5 4.5 2.1 3.7 2.6 3.4 Maturity (years) ...... 4.2 21.8 34.3 28.8 31.6 26.9 Grace period (years) ...... 3.5 6.9 10.0 8.1 9.2 7.6 Granit element (%) ...... 19.7 38.4 66.5 50.3 60.2 50.8 OWficial creditors Interest (%) ...... 3.5 4.5 2.1 3.7 2.6 3.4 Maturity (years) ...... 4.2 21.8 34.3 28.8 31.6 26.9 Grace period (years) ...... 3.5 6.9 10.0 8.1 9.2 7.6 Grant clcment (%) .... . 19.7 38.4 66.5 50.3 60.2 50.8 Private creditors Interest (%) .... . 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) ...... 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) .... . 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) .... . 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments .... . 38.3 222.7 188.9 163.7 273.7 245.5 Official creditors .... . 38.3 222.7 188.9 163.7 273.7 245.5 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 106.9 121.9 76.0 47.2 25.8 14.7 7.7 2.7 0.7 0.0 Principal 31.7 36.3 50.6 44.0 32.4 35.3 37.6 42.0 43.0 46.3 Interest 26.3 27.9 26.9 24.9 22.5 20.7 18.8 17.8 17.9 17.9 Official creditors Disbursements 106.9 121.9 76.0 47.2 25.8 14.7 7.7 2.7 0.7 0.0 Principal 31.7 36.3 50.6 44.0 32.4 35.3 37.6 42.0 43.0 46.3 Interest 26.3 27.9 26.9 24.9 22.5 20.7 18.8 17.8 17.9 17.9 Bilateral creditors Disbursements 36.2 46.6 27.5 15.8 8.5 4.6 2.3 1.2 0.0 0.0 Principal 27.9 24.4 44.1 36.1 24.5 26.8 27.1 28.0 24.8 24.3 Interest 18.1 18.1 17.0 15.0 12.8 11.4 9.9 8.4 8.1 7.4 Multilateral creditors Disbursements 70.7 75.3 48.5 31.4 17.3 10.1 5.5 1.5 0.7 0.0 Principal 3.8 12.0 6.6 7.9 7.9 8.5 10.5 14.0 18.2 22.1 Interest 8.3 9.7 9.9 10.0 9.7 9.3 8.8 9.4 9.8 10.5 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 316 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SLUMM%ARY DEBT1' flAT TOTAL DEBT STOCKS (EDT) .. 350 1,768 1,875 1,917 1,985 2,080 2,165 2,263 2,320 Long-term debt (LDOD) 8 333 1,758 1,850 1,887 1,948 2,022 2,091 2,186 2,247 Public and publicly guaranteed 8 333 1,758 1,850 1,887 1,948 2,022 2,091 2,186 2,247 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 16 8 21 28 36 47 64 67 66 Short-term debt ..1 2 4 2 1 11 10 11 7 of which interest arrears on LDOD ..1 0 0 0 0 0 0 0 0 Official creditors ..1 0 0 0 0 0 0 0 0 Private creditors .I 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD ..4 1 1 0 0 0 0 2 2 Official creditors I. 1 1 0 0 0 0 2 2 PTivate creditors ..4 0 0 0 0 0 0 0 0 Memo: export credits ...3 2 2 2 5 3 30 59 TOTAL DEBT FLOWS Disbursements 6 60 152 118 63 86 66 110 198 143 Long-term debt 6 55 152 106 55 78 58 92 189 135 IMF purchases 0 4 0 12 8 8 8 18 9 8 Principal repayments 1 1 6 5 6 24 15 19 22 20 Long-term debt I 1 6 5 6 24 15 18 19 15 IMF repurchases 0 0 1 0 0 0 0 2 3 5 Net flows on debt 4 59 147 115 55 61 62 90 176 119 of which short-term debt ...1 2 -2 -1 10 -1 0 -4 Interest payments (INT) --1 3 3 4 5 5 7 7 8 Long-term debt 0 1 3 3 4 5 5 6 6 7 IMFEcharges 0 0 0 0 0 0 0 0 0 0 Short-term debt ..0 0 0 0 0 0 1 1 0 Net transfers on debt 57 144 ill 51 56 56 83 169 ill Total debt service paid (TDS) ..3 9 9 10 29 20 26 29 28 Long-term debt 2 2 8 8 9 28 20 23 25 22 IMF repurchases and charges 0 0 1 0 0 0 0 2 3 5 Short-term debt (interest only) ..0 0 0 0 0 0 1 1 0 2.AGGREG -ATE NET RESOURCE FI_Oh S AND NET TRANSFERS iLONG-TERMI) NET RESOURCE FLOWS 33 70 199 162 116 152 200 293 416 347 Net flow of long-term debt (ex. IME) 4 54 146 101 49 54 43 75 170 120 Foreign direct investment (net) 0 0 6 7 8 30 59 88 104 90 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 28 16 47 54 59 69 98 130 142 137 Memo: technical coop. grants 40 14 32 38 49 58 59 79 77 71 official net resource flows 33 70 193 155 108 122 141 204 312 257 private net resource flows 0 0 6 7 8 30 59 88 104 90 NET TRANSFERS 32 69 196 159 112 148 195 287 410 340 Interest on tong-term debt 0 1 3 3 4 5 5 6 6 7 Profit remittances on FDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers 33 69 190 152 104 118 136 198 306 250 private net transfers 0 0 6 7 8 30 59 88 104 90 3. M.AJOR ECC)ONOMIC AGGREG ATlES Gross national product (GNP) ... 865 1,028 1,128 1,328 1,544 1,763 1,857 1,753 Exports of goods & services (XGS) ... 105 138 200 342 400 415 436 429 of which workers remittances ...0 0 0 0 0 0 0 0 Imports of goods & services (MGS) ... 215 250 309 479 681 761 783 745 International reserves (RES) ...8 35 46 70 68 99 176 148 Current account balance .... 55 -30 -48 -36 -160 -237 -265 -225 4. DEB r IN DIC-AT ORS EDT /XGS %)... 1,690.3 1,361.4 960.4 581.0 520.4 521.5 518.7 540.8 EDT/GNP(% ... 204.5 182.5 170.0 149.5 134.8 122.8 121.9 132.4 TDS / XGS (%) ... 8.7 6.3 4.8 8.3 5.0 6.3 6.7 6.5 INT;, XGS (%) ... 2.9 2.5 2.1 1.4 1.3 1.6 1.6 1.8 INT "I GNP (%) ... 0.4 0.3 0.4 0.4 0.3 0.4 0.4 0.5 RES /EDT (%) ... 0.5 1.9 2.4 3.5 3.2 4.6 7.8 6.4 RES;/ MGS (months) ... 0.5 1.7 1.8 1.7 1.2 1.6 2.7 2.4 Short-term /EDT (%) .. 0.4 0.1 0.2 0.1 0.1 0.5 0.5 0.5 0.3 Concessional;/ EDT (%) .. 93.3 99.1 98.4 98.2 97.9 97.0 96.4 96.4 96.7 Multilateral / EDT (%) .. 5.9 15.1 17.4 19.1 22.5 25.4 28.7 32.7 35.2 317 LAO PEOPLE'S DEMOCRATIC REPUJBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LAThG-TERMI DEBT DEBT OUTSTANDING (LDOD) 8 333 1,758 1,850 1,887 1,948 2,022 2,091 2,186 2,247 Public and publicly guaranteed 8 333 1,758 1,850 1,887 1,948 2,022 2,091 2,186 2,247 Official creditors 8 327 1,758 1,850 1,887 1,948 2,022 2,091 2,186 2,247 Multilateral 0 21 267 326 366 447 529 621 741 816 CoDeessional 0 21 267 326 366 447 529 621 741 816 Bilateral 8 306 1,491 1,523 1,521 1.501 1,493 1,471 1.445 1,431 Concessional 8 306 1,485 1,518 1,516 1,498 1,489 1,466 1,441 1,427 Private ereditoTs 1 6 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commereial banks 0 0 0 0 0 0 0 0 0 0 Other private 1 6 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 6 131 147 180 217 253 285 335 358 DISBURSEMENTS 6 55 152 106 55 78 58 92 189 135 Public and publicly guaranteed 6 55 152 106 55 78 58 92 189 135 Official creditors 6 55 152 106 55 78 58 92 189 135 Multilateral 0 7 78 44 55 78 58 92 189 135 Concessional 0 7 78 44 55 78 58 92 189 135 Bilateral 6 48 74 62 0 0 0 (1 0 0 Concessional 6 48 74 62 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 5 32 15 38 38 27 28 60 42 PRINCIPAL REPAYMENTS I 1 6 5 6 24 15 18 19 15 Public and publicly guaranteed 1 1 6 5 6 24 15 18 19 15 Official creditors I 1 6 5 6 24 15 18 19 15 Multilateral 0 0 3 3 3 3 3 4 3 3 Concessional 0 0 3 3 3 3 3 4 3 3 Bilateral 1 1 3 2 2 20 12 14 16 12 Concessional 1 1 2 2 2 20 11 13 16 11 Privateecreditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 1 1 1 1 1 1 NET FLOWS ON DEBT 4 54 146 101 49 54 43 75 170 120 Public and publicly guaranteed 4 54 146 101 49 54 43 75 170 120 Official creditors 5 54 146 101 49 54 43 75 170 120 Multilateral 0 7 75 41 51 74 55 88 186 131 Concessional 0 7 75 41 51 74 55 88 186 131 Bilateral 5 47 71 60 -2 -20 -12 -14 -16 -12 Concessional 5 47 72 61 -2 -20 -11 -13 -16 -11 Private creditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 5 32 15 38 37 26 27 59 41 318 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0 1 3 3 4 5 5 6 6 7 Public and publicly guaranteed 0 1 3 3 4 5 5 6 6 7 Official creditors 0 1 3 3 4 5 5 6 6 7 Multilateral 0 0 2 2 3 4 4 5 6 7 Concessional 0 0 2 2 3 4 4 5 6 7 Bilateral 0 1 1 1 1 1 1 1 1 1 Concessional 0 1 1 1 1 1 1 1 0 0 Private creditofs 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo:. IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 1 1 1 2 2 2 2 NET TRANSFERS ON DEBT 4 53 144 98 45 49 38 69 164 112 Public and publicly guaranteed 4 53 144 98 45 49 38 69 164 112 Official creditors 4 53 144 98 45 49 38 69 164 112 Multilateral 0 7 73 38 48 70 51 83 181 125 Concessional 0 7 73 38 48 70 51 83 181 125 Bilateral 4 46 70 59 -3 -21 -12 -15 -17 -12 Concessional 4 46 71 60 -3 -20 -12 -14 -16 -12 Private creditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 5 32 14 37 36 25 25 57 38 DEBT SERVICE (LTDS) 2 2 8 8 9 28 20 23 25 22 Public and publicly guaranteed 2 2 8 8 9 28 20 23 25 22 Official creditors 1 2 8 8 9 28 20 23 25 22 Multilateral 0 0 5 5 6 7 7 9 8 10 Concessional 0 0 5 5 6 7 7 9 8 10 Bilateral 1 2 4 3 3 21 12 15 17 12 Concessional 1 2 3 2 3 20 12 14 16 12 Private creditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 1 2 2 2 3 3 3 UNDISBURSED DEBT 10 254 221 328 319 327 458 484 481 456 Official creditors 9 254 221 328 319 327 458 484 481 456 Private creditors 1 0 0 0 0 0 0 0 0 0 Memnorandum items Concessional LDOD 8 327 1,752 1,844 1,882 1,944 2,018 2.086 2,182 2,244 Variable rate LDOD 0 0 0 0 0 0 0 0 0 0 Public sector LDOD 8 333 1,758 1,850 1,887 1,948 2,022 2,091 2,186 2,247 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6. (CURRLNCY1 COMrPOSFITION OF LONG-TERNI DEBT iPERCENri Deutsche mark 76.7 10.3 1.8 0.0 0.0 0.0 0.0 0.1 0.1 0.0 French franc 13.2 4.3 0.3 0.3 0.2 0.2 0.2 0.2 0.1 0.1 Japanese yen 0.0 7.7 1.5 1.4 1.3 1.3 1.3 1.1 0.8 0.7 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 9.6 3.6 7.1 7.7 9.2 10.7 12.0 13.1 14.8 15.6 Multiple currency 0.0 2.9 7.1 9.1 9.4 11.4 13.1 15.4 17.8 19.4 Special drawing rights 0.0 0.0 1.1 1.0 1.0 0.9 1.1 1.2 1.4 1.3 All other currencies 0.5 71.1 81.1 80.5 78.9 75.5 72.2 68.9 65.0 62.8 319 LAO PEOPLE'S DEMOCRATIC REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 '. DEBT RE.N FRUI IURINGS Total amount rescheduled 0 0 0 1,262 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 1,262 0 0 0 0 0 0 PTincipal rescheduled 0 0 00 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 (1 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 00 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven ..0 29 0 0 0 0 0 (1 Memo: interest forgiven . .0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 M1. DFB R'I ~OCK -[LO~% RF CON(. ILLAI 110N Total change in debt stocks ... 295 107 42 69 95 85 99 57 Netftlows on debt .. 147 115 55 61 62 90 176 119 Net change in interest arrears 0 0 0 0 0 0 0 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 -29 0 0 0 0 0 0 Cross-currency valuation 157 2 -1 3 5 0 -3 -4 Residual ... -8 19 -12 5 28 -5 -74 -59 Y. .%. ER.U.F. UERAIS (IF NEII COMMI~iTMEN1 . ALL CREDITORS Interest (%) 3.0 0.2 0.9 0.6 0.9 0.9 0.9 2.5 2.0 2.6 Maturity (years) 28.2 33.0 39.9 36.9 39.8 39.4 39.7 37.1 37.6 39.1 Grace period (years) 4.4 25.6 10.0 15.8 10.2 9,9 10.2 9.7 8.7 10.1 Girant element (% 51.0 91.1 79.0 83.8 79.6 78.5 79.2 62.0 66.7 63.6 Ofricial creditors Interest (%) 2.5 0.2 0.9 0.6 0.9 0.9 0.9 2.5 2.0 2.6 Maturity (years) 30.8 33.0 39.9 36.9 39.8 39.4 39.7 37.1 37.6 39.1 Grace period (years) 4.2 25.6 10.0 15.8 10.2 9.9 10.2 9.7 8.7 10.1 Grant element (%) -55.8 91.1 79.0 83.8 79.6 78.5 79.2 62.0 66.7 63.6 Private creditors Interest (%) 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) [0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 5.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%i) 18.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 12 96 125 213 64 84 171 110 173 143 Official creditors I11 96 125 213 64 84 171 110 173 143 Private creditors 2 0 0 0 0 0 0 0 0 0 I" CiONTRA(. lI LI. OHL IC AT 10%h ON 01 IrSi- NlINC LONG-1 ERNi DF.HT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursemnents 119 118 87 58 28 10 5 3 2 0 Principal 18 19 24 25 27 30 32 99 89 93 Interest 9 9 10 I1I 1 1 1 1 1 1 1 1 13 15 Otricial creditors Disbursements 119 118 87 58 28 10 5 3 2 0 Principal 18 19 24 25 27 30 32 99 89 93 Interest 9 9 10 I1II1 I1 1 I1 1I1 13 15 Bilateral creditors Disbursements00 0 0 0 0 0 0 0 0 Principal 13 13 13 13 13 13 12 77 63 63 Interest 1 0 0 0 0 0 0 0 0 0 Multilateral creditors Disbursements 119 118 87 58 28 10 5 3 2 0 Principal 5 6 1 1 12 14 17 20 22 26 30 Interest 8 9 tO 11 11 11 11 11 13 15 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 320 LAT VIA (US.S millioni, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 TOTAL DEBT STOCKS (EDT) . .. . .. 64.6 235.8 373.8 462.6 474.9 503.3 Long-term debt (LDOD) . . . . 30.0 123.6 207.5 271.1 300.6 352.3 Public and publicly guaranteed ...... 30.0 123.6 207.5 271.1 300.6 322.3 Private nonguaranteed ...... 0.0 0.0 0.0 0.0 0.0 30.0 Use of IMF credit - ..- 34.6 106.8 160.3 160.4 129.9 85.9 Short-term debt . -... 0.0 5.4 6.0 31.2 44.4 65.0 of which interest arrears on LDOD ...... 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memno: principal arrears on LDOD ...... 0.0 1.9 0.0 0.0 0.0 0.0 Official creditors ...... 0.0 1.9 0.0 0.0 0.0 0.0 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits ...... 13.0 41.0 102.0 124.0 118.0 171.0 TOTAL DEBT FLOWS Disbursements ...-.. 66.6 174.9 130.0 75.2 59.6 142.8 Lonig-term debt . .... 31.2 101.5 84.2 75.2 59.6 142.8 IMF purchases ...... 35.4 73.5 45.9 0.0 0.0 0.0 Principal repayments .... - 0.0 4.4 9.5 10.0 39.1 104.6 Long-term debt ...... 0.0 4.4 9.5 7.1 13.6 67.9 IMF repurchases ...... 0.0 0.0 0.0 2.9 25.5 36.7 Net tlows on debt . --.. 66.6 175.8 121.2 90.4 33.7 58.8 of which short-term debt ...... 0.0 5.3 0.7 25.2 13.2 20.6 Interest payments (INI) - ..- 0.2 6.6 16.0 24.3 25.9 28.0 Long-term debt ...... 0.2 3.8 9.5 14.2 17.2 19.8 IMF ebarges ...... 0.0 2.7 6.2 9.0 6.7 5.2 Short-termn debt ...... 0.0 0.1 0.3 1.1 2.0 3.0 Net transfers on debt . ..- 66.4 169.2 105.2 66.1 7.8 30.8 Total debt service paid (TDS) . ..- 0.2 11.0 25.6 34.3 65.0 132.6 Long-term debt ...... 0.2 8.2 19.0 21.3 30.8 87.7 IMF repurcbases and charges ...... 0.0 2.7 6.2 11.8 32.2 41.9 Short-term debt (interest only) .... . 0.0 0.1 0.3 1.1 2.0 3.0 2.A.GGREGATFE NET RES0I' RCE FLOWS AND NET TrR.-NSFERSi -ONG-TF.RMI NET RESOURCE FLOWS - .. . .. 113.2 160.5 310.2 271.5 469.2 669.6 Net flow of long-term debt (ex. IMF) ...... 31.2 97.0 74.6 68.1 45.9 74.9 Foreign direct investment (net) ...... 29.0 45.0 214.5 179.6 382.0 521.0 Portfolio equity flows .... . 0.0 0.0 0.0 0.0 0.0 25.6 Grants (excluding technical coop.) ...... 53.0 18.5 21.1 23.8 41.3 48.0 Memo: tecbnical coop. grants ...... 18.0 14.9 28.0 37.6 36.1 25.8 official net resource flows ...... 70.6 111.0 81.0 46.4 81.4 110.7 private net resourCe flows ..... 42.6 49.5 229.2 225.1 387.9 558.9 NET TRANSFERS . . . .. 112.9 156.8 300.7 257.3 442.1 637.8 Interest on tong-termn debt .... . 0.2 3.8 9.5 14.2 17.2 19.8 Profit remittances on FDI .. ,. 0.0 0.0 0.0 0.0 10.0 12.0 Memo: official net transfers . .... 70.5 107.8 72.4 33.6 68.3 95.4 private net transfers . .... 42.4 48.9 228.2 223.7 373.9 542.4 3. M~A.JOR ECONOM11C.AGGREG .lTES Gross national product (GNP) ...... 6,364.9 5,333.0 5,474.3 6,274.0 5,176.0 5,395.8 Exports of goods & services (XGS) . .... 1,092.9 1,605.0 1,729.6 2,158.7 2,753.6 3,048.1 of which workers remittances ...... 0.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & services (MGS) ...... 997.6 1,266.1 1,661.2 2,245.7 3,126.9 3,470.5 Internationial reserves (RES) ... .. . 526.4 640.7 602.1 746.1 776.3 Current account balance ...... 191.4 416.8 201.2 -16.2 -279.8 -345.0 4. DEBT INDIC-% ORS EDTjiXGS(%) ...... 5.9 14.7 21.6 21.4 17.2 16.5 EDT! GNP I%) ...... 1.0 4.4 6.8 7.4 9.2 9.3 TDS IXGS (%) ...... 0.0 0.7 1.5 1.6 2.4 4.4 INT/ XGS 1%) ...... 0.0 0.4 0.9 1.1 0.9 0.9 INT, GNP (%) ...... 0.0 0.1 0.3 0.4 0.5 0.5 RES ,EDT I%) ... .. . 223.2 171.4 130.1 157.1 154.3 RES / MGS (months) ... .. . 5.0 4.6 3.2 2.9 2.7 Short-term / EDT 1%) ...... 0.0 2.3 1.6 6.7 9.3 12.9 Concessional / EDT (%) ...... 14.4 14.6 15.7 12.7 13.4 13.9 Multilateral/ EDT (%) . .... 0.0 28.3 30.7 30.1 34.5 39.6 32] LAT VIA (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1 997 I. ONG-TrERM.% DEBI' DEBT OUTSTANDING (LDOD) . .. . .. 30.0 123.6 207.5 271.1 300.6 352.3 Public and publicly guaranteed . . . .. 30.0 123.6 207.5 271.1 300.6 322.3 Official creditors ...... 17.2 107.0 173.7 200.4 229.4 272.9 Multilateral ...... 0.0 66.8 114.8 139.2 163.7 199.1 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 17.2 40.2 58.9 61.2 65.8 73.8 Concessional ...... 9.3 34.5 58.9 58.9 63.7 69.7 Private creditors ...... 12.8 16.6 33.8 70.6 71.2 49.5 Bonds .... . 0.0 0.0 0.0 38.9 34.5 0.0 Commercial banks ...... 2.5 0.0 0.0 0.0 2.2 3.1 Other private ...... 10.3 16.6 33.8 31.7 34.5 46.4 Private nonguaranteed .... . 0.0 0.0 0.0 0.0 0.0 30.0 Bonds .... . 0.0 0.0 0.0 0.0 0.0 30.0 Commercial banks .... . 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD . .... 0.0 20.9 44.8 54.9 74.8 120.1 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS . .. . .. 31.2 101.5 84.2 75.2 59.6 142.8 Public and publicly guaranteed . .... 31.2 101.5 84.2 75.2 59.6 112.8 Official creditors ...... 17.6 94.5 65.4 26.4 46.2 93.1 Multilateral . .... 0.0 69.3 41.6 23.2 37.8 75.4 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 17.6 25.2 23.8 3.2 8.4 17.6 Concessional ...... 9.3 25.2 23.8 0.8 8.1 14.3 Private creditors ...... 13.6 7.0 18.8 48.9 13.4 19.8 Bonds ...... 0.0 0.0 0.0 42.8 0.0 0.0 Commercial banks . .... 2.5 0.0 0.0 0.0 2.3 1.2 Other private . .... 11.1 7.0 18.8 6.1 11.1 18.6 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 30.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 30.0 Commercial banks O.. . . . 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ...... 0.0 21.3 22.0 8.7 24.3 52.8 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS . . . .. 0.0 4.4 9.5 7.1 13.6 67.9 Public and publicly guaranteed . .... 0.0 4.4 9.5 7.1 13.6 67.9 Official creditors ...... 0.0 1.9 5.5 3.8 6.1 30.4 Multilateral ...... 0.0 0.0 0.0 3.8 5.7 25.2 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 0.0 1.9 5.5 0.0 0.5 5.2 Concessional .... . 0.0 0.0 0.0 0.0 0.0 4.2 Private creditors ...... 0.0 2.5 4.0 3.3 7.5 37.5 Bonds . .... 0.0 0.0 0.0 0.0 0.0 33.1 Commercial banks ...... 0.0 2.5 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 4.0 3.3 7.5 4.4 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .... . 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD . .... 0.0 0.0 0.0 0.0 0.0 0.0 IDA .... . 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT . . . .. 31.2 97.0 74.6 68.1 45.9 74.9 Public and publicly guaranteed . .... 31.2 97.0 74.6 68.1 45.9 44.9 Official creditors .... . 17.6 92.5 59.9 22.6 40.1 62.7 Multilateral . .... 0.0 69.3 41.6 19.4 32.1 50.3 Concessional .... . 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral .... . 17.6 23.3 18.3 3.2 8.0 12.4 Concessional ...... 9.3 25.2 23.8 0.8 8.1 10.1 Private creditors . .... 13.6 4.5 14.7 45.5 5.9 -17.7 Bonds . .... 0.0 0.0 0.0 42.8 0.0 -33.1 Commercial banks ...... 2.5 -2.5 0.0 0.0 2.3 1.2 Other private .... . 11.1 7.0 14.7 2.8 3.6 14.2 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 30.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 30.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ...... 0.0 21.3 22.0 8.7 24.3 52.8 IDA .... . 0.0 0.0 0.0 0.0 0.0 0.0 322 LATVIA (US$ miillion, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) . .. . .. 0.2 3.8 9.5 14.2 17.2 19.8 Public and publicly guaranteed ...... 0.2 3.8 9.5 14.2 17.2 19.8 Official creditors ...... 0.1 3.2 8.6 12.8 13.1 15.3 Multilateral ...... 0.0 2.6 6.3 9.1 10.0 11.2 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 0.1 0.5 2.2 3.7 3.2 4.1 Concessional ...... 0.0 0.2 1.7 3.6 3.0 3.1 Private creditors ...... 0.2 0.6 1.0 1.4 4.0 4.5 Bonds ...... 0.0 0.0 0.0 0.0 2.0 1.8 Commercial banks ...... 0.2 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.6 1.0 1.4 2.0 2.7 Private nonguaranteed . . . . 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...,.. 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ...... 0.0 0.3 2.0 3.5 4.1 5.6 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT . . . .. 30.9 93.3 65.1 53.9 28.8 55.1 Public and publicly guaranteed . . . .. 30.9 93.3 65.1 53.9 28.8 25.1 Official creditors ...... 17.5 89.4 51.4 9.8 26.9 47.3 Multilateral ...... 0.0 66.7 35.3 10.3 22.2 39.0 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 17.5 22.7 16.1 -0.5 4.8 8.3 Concessional ...... 9.3 25.0 22.1 -2.8 5.1 7.0 Private creditors ...... 13.4 3.9 13.8 44.1 1.8 -22.2 Bonds ...... 0.0 0.0 0.0 42.8 -2.0 -34.9 Commercial banks ...... 2.3 -2.5 0.0 0.0 2.3 1.1 Other private ...... 11.1 6.5 13.8 1.3 1.6 11.5 Private nonguaranteed . . . . 0.0 0.0 0.0 0.0 0.0 30.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 30.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ... .. .0 21.0 20.0 5.2 20.3 47.2 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 DEBT SERVICE (LTDS) . . . .. 0.2 8.2 19.0 21.3 30.8 87.7 Public and publicly guaranteed . . . . 0.2 8.2 19.0 21.3 30.8 87.7 Official creditors ...... 0.1 5.1 14.0 16.6 19.2 45.7 Multilateral ...... 0.0 2.6 6.3 12.9 15.6 36.4 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 0.1 2.5 7.7 3.7 3.6 9.3 Concessional ...... 0.0 0.2 1.7 3.6 3.0 7.3 Private creditors ...... 0.2 3.1 5.0 4.8 11.6 42.0 Bonds ...... 0.0 0.0 0.0 0.0 2.0 34.9 Commercial banks ...... 0.2 2.5 0.0 0.0 0.0 0.0 Otber private ... .. . 0.6 5.0 4.8 9.6 7.1 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0. Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD .. .. 0.0 0.3 2.0 3.5 4.1 5.6 IDA .... . 0.0 0.0 0.0 0.0 0.0 0.0 UNDISBURSED DEBT . . . .. 95.0 173.6 183.8 224.1 311.9 236.5 Official creditors ...... 84.6 159.0 176.3 207.2 297.3 231.6 Private creditors ...... 10.4 14.6 7.5 16.9 14.6 4.9 Memorandum items Concessional LDOD ...... 9.3 34.5 58.9 58.9 63.7 69.7 Variable rate LDOD ...... 15.7 110. 153.2 172.6 '206.3 267.7 Public sector LDOD ...... 30.0 122.7 196.0 252.1 2 88.0 311.3 Private sector LDOD ... . 0.0 0.9 11.5 18.9 12.6 41.0 6. CU RRENCY COUIPOSl FION OF LONG.TERM DEBT iPERC ENTli Deutsche mark .... . 8.0 3.7 3.6 8.5 8.1 9.9 French franc ...... 0.0 0.0 0.0 0.0 0.0 2.7 Japanese yen ...... 0.0 0.0 15.6 26.2 23.0 13.4 Pound sterling ...... 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ...... 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ...... 52.4 67.7 54.8 45.0 43.8 42.5 Multiple currency ...... 0.0 16.9 21.6 20.3 24.9 30.1 Special drawing rights ...... 0.0 0.0 0.0 0.0 0.0 0.0 All otheT currencies . .. 39.6 11.6 4.4 0.1 0.2 1.5 323 [AT VIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBI REST R. (-TURIN(;S Total amount rescheduled ...... 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ...... 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ...... 0.0 0.0 0.0 0.0 0.0 0.0 Official .... . 0.0 0.0 0.0 0.0 0.0 0.0 Private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ...... 0.0 0.0 0.0 0.0 0.0 0.0 Official ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: inteTeSt forgiven ...... 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction .... . 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ...... 0.0 0.0 0.0 0.0 0.0 0.0 t8. DEB I'SSTOC_K-FITOh RECONCILIATION Total change in debt stocks ... .. . 171.2 138.0 88.9 12.3 28.3 Net flows on debt ... .. . 175.8 121.2 90.4 33.7 58.8 Net change in interest arrears ... .. . 0.0 0.0 0.0 0.0 0.0 Initerest capitalized ... .. . 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... .. . 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... .. . -1.7 8.6 1.1 -14.2 -15.6 Residual ... .. . -2.9 8.2 -2.7 -7.2 -14.9 9)..AVERA(.E TERMIS OF '.EFW COMrITNJEN%TS ALL CREDITORS Interest (%M.. .. 6.0 4.2 6.9 5.2 5.5 5.6 Maturity (years) ...... 13.7 9.5 14.7 9.0 15.3 13.8 Grace period (years) ...... 4.0 5.8 4.2 3.3 4.0 4.1 Grant element (%) ...... 19.5 29.2 16.8 19.2 24.9 23.4 Official creditors Interest (91) .... .6.2 4.1 6.8 5.3 5.7 5.6 Maturity (years) ...... 14.6 9.8 16.3 14.1 15.7 14.0 Grace period (years) .... . 4.3 6.1 4.7 4.1 4.2 4.3 Grant element (%) ...... 19.5 30.3 18.6 25.3 24.4 23.7 Private creditors Interest (%) ...... 5.0 5.8 7.6 5.0 2.4 5.3 Maturity (years) . .... 8.1 6.3 3.3 3.9 11.1 12.0 Grace period (years) ...... 2.4 2.0 0.6 2.5 1.2 2.5 Grant element (91 t.. .. 9.2 13.3 3.6 13.2 30.8 21.7 Memorandum items Commitments ...... 120.3 184.5 82.7 116.4 188.2 102.2 Official creditors ...... 102.7 172.4 72.5 58.4 174.0 89.5 Private creditors ...... 17.6 12.1 10.2 58.0 14.2 12.7 10. CON'[ RACTIIAL OBI.1G.%TION`S ON OUTSI.ANDING LONG- FER.Nt DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 93.6 56.1 38.9 22.1 11.7 7.3 3.5 2.0 0.8 0.4 Principal 20.2 20.2 128.5 38.3 38.1 39.6 41.4 41.6 41.3 39.7 Interest 24.9 27.4 27.5 22.3 20.9 19.1 17.1 14.8 12.5 10.1 Official creditors Disbursements 90.7 54.8 38.4 21.9 11.7 7.3 3.5 2.0 0.8 0.4 Principal 9.8 12.4 91.3 32.8 33.7 36.3 38.1 38.1 38.1 37.8 Interest 20.6 23.7 24.2 21.3 20.1 18.5 16.5 14.4 12.1 9.8 Bilateral creditorS Disbursements 3.9 1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 3.8 5.3 26.3 4.9 4.2 4.2 4.2 4.2 4.2 4.2 Interest 3.8 3.7 3.5 1.9 1.7 1.5 1.3 1.1 0.9 0.7 Multilateral creditors Disbursements 86.9 53.1 38.4 21.9 11.7 7.3 3.5 2.0 0.8 0.4 Principal 5.9 7.2 65.0 27.9 29.5 32.1 33.9 33.9 33.9 33.6 Interest 16.8 20.0 20.7 19.4 18.5 17.1 15.3 13.3 11.2 9.1 Private creditors Disbursements 2.9 1.4 0.5 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Principal 10.4 7.7 37.2 5.5 4.4 3.3 3.3 3.4 3.2 1.9 Interest 4.3 3.7 3.3 1.0 0.7 0.6 0.5 0.4 0.3 0.3 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.5 0.5 0.5 Interest 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 Other private Disbursements 2.9 1.4 0.5 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Principal 10.3 7.6 37.0 5.3 4.2 3.1 3.1 3.0 2.7 1.4 Interest 4.1 3.6 3.2 0.9 0.7 0.5 0.5 0.4 0.3 0.2 324 LEBANON (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SLAMAAR'N DEB'[ D.-T.- TOTAL DEBT STOCKS (EDT) 510 1,779 1,554 1,806 1,345 2,118 2,966 3,996 5,036 Long-term debt (LDOD) 64 216 358 336 301 368 778 1,601 2,343 3,241 Public and publicly guaranteed 64 216 358 336 301 368 778 1,551 1,933 2,356 Private nonguaranteed 0 0 0 0 0 0 0 50 410 885 Use ofIMF credit 0 0 0 0 0 0 0 0 0 0 Short-term debt .. 294 1,421 1,218 1,505 977 1,340 1,365 1,653 1,795 of which interest arrears on LDOD 0 39 42 22 18 1 1 10 0 0 Official creditors ..0 16 12 4 2 1 0 0 0 Private creditors 0 23 30 18 16 10 10 0 0 Memo: principal arrears on LDOD ..0 132 141 56 54 49 41 0 0 Official creditors 0 28 17 9 10 12 0 0 0 Private creditors ..0 104 125 47 44 37 41 0 0 Memo: export credits .. 345 356 336 309 303 403 520 695 TOTAL DEBT FLOWS Disbursements 12 120 12 12 6 55 481 907 830 1,390 Long-term debt 12 120 12 12 6 55 481 907 830 1,390 IMF purchases 0 0 0 0 0 0 0 0 0 0 Principal repayments 2 7 27 33 40 45 96 104 69 438 Long-term debt 2 7 27 33 40 45 96 104 69 438 IMFErepurchases 0 0 0 0 0 0 0 0 0 0 Net flows on debt 10 112 726 -227 274 -514 755 830 1,059 1,094 of which short-term debt .. 742 -206 308 -524 370 26298 142 Interest payments (INT) 45 72 80 98 90 89 121 231 296 Long-term debt 1 6 11 15 25 23 26 54 149 201 IMF charges 0 0 0 0 0 0 0 0 0 0 Short-term debt .. 39 61 66 73 67 63 67 83 95 Net transfers on debt .. 67 654 -307 176 -605 666 709 828 798 Total debt service paid (TDS) 53 99 113 138 135 185 224 301 734 Long-term debt 413 39 47 65 68 122 158 218 639 IMF repurchases and charges 0 0 0 0 0 0 0 0 0 0 Short-term debt (interest onil') .. 39 61 66 73 67 63 67 83 95 2..AGG4REGATE SET RESO17RCE FL.O" SAND NET TRASSFERS iLONG-TERM1 NET RESOURCE FLOWS 12 311 203 85 11 60 489 917 1,016 1,280 Net flow of long-term debt (ex. IMF) 10 112 -16 -20 -34 10 385 804 761 952 Foreign direct investment (net) 0 0 6 0 4 6 7 35 80 150 Portfolio equity flows 0 0 0 0 0 0 1 34 122 89 GTants (excluding technical coop.) 2 199 213 105 41 43 96 44 53 89 Memo: technical coop. grants 9 19 39 34 90 84 99 96 99 48 official net resource flows 12 242 191 78 12 59 83 165 276 209 private net resource flows 0 70 12 6 -1 1 407 753 740 1,070 NET TRANSFERS 11 305 192 70 -14 36 463 863 867 1,079 Interest on long-term debt 1 6 11 i5 25 23 26 54 149 201 Profit remittanices onEFDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers 11 236 181 64 -7 40 62 146 250 179 private net transfers 0 69 11 6 -7 -4 401 718 617 900 3. NMAJOR EC'ONOMIIC .AGGREG~ATES Gross national product (GNP) ... 3,461 4,825 5,788 7,706 9,436 11,551 13,283 15,342 Exports of goods & services (XGS) ... 3,023 3,092 3,106 3,157 3,481 4,493 4,724 5,098 of which workers remittances ... 1,818 1,895 2,016 2,050 2,166 2,391 2,503 2,588 Imports of goods & services (MGS) ... 2,908 3,984 4,424 5,542 6,222 7,629 8,114 8,626 International reserves (RES) 405 7,025 4,210 4,536 4,570 5,863 7,419 8,100 9,337 8,653 Current account balance . .. .. .. 4. DEBT 1NDICA.TOR.S EDT / XGS ()... 58.9 50.3 58.1 42.6 60.9 66.0 84.6 98.8 EDTi/GNP 1%) ... 51.4 32.2 31.2 17.4 22.4 25.7 30.1 32.8 TDS / XGS (%) ... 3.3 3.6 4.4 4.3 5.3 5.0 6.4 14.4 INT / XGS %)... 2.4 2.6 3.2 2.9 2.6 2.7 4.9 5.8 INT/IGNP(% ... 2.1 1.7 1.7 1.2 0.9 1.0 1.7 1.9 RES / EDT (% . 1,376.6 236.7 291.9 253.0 436.0 350.2 273.1 233.6 171.8 RES / MGS (months) ... 17.4 13.7 12.4 12.7 14.3 12.7 13.8 12.0 Short-term / EDT (%) .. 57.6 79.9 78.4 83.4 72.6 63.3 46.0 41.4 35.6 Concessional / EDT (11) .. 14.5 6.2 6.7 4.9 7.2 6.3 9.2 10.4 9.3 Multilateral / EDT (%) .. 15.2 4.8 4.1 2.6 5.9 5.9 6.7 8.2 7.4 325 LEBANON (US$ million, unless otherwise inidicated) 1970O 1980 1990 1991 1992 1993 1994 1995 1996 1997 5.LONG-T ERM DEBIl DEBT OUTSTANDING (LDOD) 64 216 358 336 301 368 778 1,601 2,343 3,241 Public and publicly guaranteed 64 216 358 336 301 368 778 1,551 1,933 2,356 Official creditors 64 146 188 161 212 289 295 428 630 710 Multilateral 18 78 85 64 48 79 125 198 326 371 Concessional 0 21 30 22 17 24 45 63 169 186 Bilateral 46 68 104 97 165 210 170 230 304 339 Concessional 31 53 81 82 71 72 89 209 246 281 Private creditors 0 71 169 176 88 79 483 1,123 1,304 1,647 Bonds 0 0 0 0 0 0 400 700 800 1,040 Commercial banks 0 70 0 0 0 27 26 359 482 587 Other private 0 1 169 176 88 52 58 64 22 2 1 Private nonguaranteed 0 0 0 0 0 0 0 50 410 885 Botnds 0 0 0 0 0 0 0 50 410 885 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 18 27 34 29 23 39 64 113 132 151 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 12 120 12 12 6 55 481 907 830 1,390 Public and publicly guaranteed 12 120 12 12 6 55 481 857 470 915 Officiat creditors 12 50 5 6 3 52 69 213 244 146 Multilateral 0 17 0 0 0 42 52 80 147 75 Concessional 0 5 0 0 0 10 24 21 109 25 Bilateral 12 33 5 6 3 10 17 133 97 71 Concessional 6 18 5 6 3 10 17 125 59 63 Private creditors 0 70 6 6 3 3 411 644 227 769 Bonds 0 0 0 0 0 0 400 300 100 644 Commercial banks 0 70 0 0 0 0 8 340 126 124 Other private 0 0 6 6 3 3 4 4 1 0 Private nonguaranteed 0 0 0 0 0 0 0 50 360 475 Bonids 0 0 0 0 0 0 0 50 360 475 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 8 0 0 0 22 27 51 32 39 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 2 7 27 33 40 45 96 104 69 438 Public and publicly guaranteed 2 7 27 33 40 45 96 104 69 438 Official creditors 2 7 27 33 33 37 83 93 20 26 Multilateral 1 3 7 20 13 10 10 10 8 12 Concessional 0 0 0 8 4 3 3 3 3 4 Bilateral 1 4 21 13 19 27 73 83 12 14 Concessional 1 4 1 5 11 4 6 10 12 13 Private creditors 0 0 0 0 7 8 13 11 49 412 Bonds 0 0 0 0 0 0 0 0 0 400 Commercial banks 0 0 0 0 0 0 12 9 9 11 Other private 0 0 0 0 7 8 2 2 40 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 3 7 4 5 5 4 4 4 8 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 10 112 -16 -20 -34 10 385 804 761 952 Public and publicly guaranteed 10 112 -16 -20 -34 10 385 754 401 477 Official creditor-s 10 43 -22 -27 -29 15 -13 120 223 120 Multilateral -1 14 -6 -20 -13 33 42 70 139 63 Concessional 0 5 0 -8 -4 7 21 18 106 21 Bilateral 11 29 -16 -6 -16 -17 -55 50 85 57 Concessional 5 14 4 2 -7 5 12 115 47 50 Private creditors 0 70 6 6 -5 -5 398 633 178 357 Bonds 0 0 0 0 0 0 400 300 100 244 Commercial banks 0 70 0 0 0 0 -4 331 117 113 Other private 0 0 6 6 -5 -5 2 2 -39 -1 Private nonguaranteed 0 0 0 0 0 0 0 50 360 475 Bonds 0 0 0 0 0 0 0 50 360 475 Conmmercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -1 5 -7 -4 -5 17 23 47 27 32 IDA00 0 0 0 0 0 0 0 0 326 LEBA-NON (US$ million, unless otherwise indicated) 2970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 1 6 11 15 25 23 26 54 149 201 Public and publicly guaranteed 1 6 11 15 25 23 26 54 146 164 Official creditors 1 6 9 15 19 18 21 19 26 31 Multilateral 1 4 4 10 12 3 7 11 15 19 Concessional 0 1 0 4 2 1 2 3 4 8 Bilateral 0 2 5 5 7 15 14 8 II 11 Concessional 0 2 0 3 5 2 2 3 8 8 Private creditors 0 0 2 0 6 5 5 35 120 133 Bonds 0 0 0 0 0 0 0 20 72 81 Commercial banks 0 0 0 0 0 0 3 12 36 50 Other private 0 0 2 0 6 5 2 3 12 2 Private nonguaranteed 0 0 0 0 0 0 0 0 2 37 Bonds 0 0 0 0 0 0 0 0 2 37 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 2 4 2 2 2 4 7 9 10 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 9 106 -27 -35 -59 -13 359 750 612 751 Public and publicly guaranteed 9 106 -27 -35 -59 -13 359 700 255 313 Official creditors 9 37 -31 -41 -48 -3 -34 101 197 89 Multilateral -2 10 -11 -30 -25 20 35 59 124 44 Concessional 0 5 0 -13 -6 6 18 15 102 13 Bilateral I11 27 -21 -12 -23 -32 -69 42 73 46 Concessional 5 12 4 -2 -12 4 10 112 40 42 Private creditors 0 69 5 6 -11 -10 393 599 57 224 Bonds 0 0 0 0 0 0 400 280 28 164 Commercial banks 0 70 0 0 0 0 -7 319 St 63 Other private 0 0 -5 6 -1I -10 0 0 -5t -3 Private nonguaranteed 0 0 0 0 0 0 0 50 358 438 Bonds 0 0 0 0 0 0 0 50 358 438 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -2 3 -11 -7 -7 16 19 40 19 22 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 4 13 39 47 65 68 122 158 218 639 Public and publicly guaranteed 4 13 39 47 65 68 122 158 216 602 Official creditors 4 13 37 47 51 55 103 112 46 57 Multilateral 2 7 11 30 25 13 17 21 23 32 Concessional 0 1 0 13 6 4 5 6 7 12 Bilateral 1 6 26 18 27 42 86 91 23 25 Concessional 1 6 1 8 16 6 8 13 19 21 Private creditors 0 1 2 0 13 13 18 46 170 545 Bonds 0 0 0 0 0 0 0 20 72 481 Commercial banks 0 0 0 0 0 0 15 21 45 61 Other private 0 0 2 0 13 1 3 4 4 53 3 Private nonguaranteed 0 0 0 0 0 0 0 0 2 37 Bonds 0 0 0 0 0 0 0 0 2 37 Cormmercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 2 5 1 1 7 7 6 8 It1 13 18 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 1 401 116 189 226 500 622 1,091 1,218 1,119 Official creditors 1 164 79 159 201 475 606 773 875 898 Private creditors 0 237 37 30 25 25 16 319 343 221 Memorandum items Concessional LDOD 31 74 ill 104 88 96 134 272 415 467 Variable rate LDOD 0 70 0 0 0 22 51 164 547 1,048 Public sector LDOD 64 216 358 336 301 368 778 1,551 1,933 2,356 Private sector LDOD 0 0 0 0 0 0 0 50 410 885 6. 1.1 RRENL- CO3MPOSI ION. OF LONG-i E R.NI DEBTI PLRCE-r.' Deutsche mark 0.0 0.7 5.3 4.6 3.9 2.6 1.2 1.1 2.7 8.3 French franc 22.0 6.0 31.7 35.2 64.1 62.0 23.5 8.2 6.2 4.6 Japanese yen 0.0 0.0 0.5 0.4 0.3 0.2 0.1 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.8 0.5 0.3 0.5 0.2 0.1 0.1 0. Swiss franc 0.0 0.0 0.5 0.2 0.1 0.1 0.0 0.0 0.0 0.0 U.S.dollars 44.7 53.7 40.9 41.5 17.5 13.8 57.5 69.2 65.0 62.0 Multiple currency 0.0 18.4 9.4 8.7 7.6 10.7 8.3 7.4 6.8 6.5 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Alt other currencies 33.3 21.2 10.9 8.9 6.2 10.2 9.2 14.0 19.2 18.5 327 LEBANON (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RESTiRUCTI, RJN(.S Total amount rescheduled 0 0 0 0 0 0 0 0 0 0 Debt stuck rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven ..0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 S. D)F Bf SH1OC K-FLOW RE( ON CILLA 1ION Total chanige in debt stocks ... 755 -225 252 -461 774 848 1,031 1,040 Net flows on debt ... 726 -227 274 -514 755 830 1,059 1,094 Net change in interest arrears ... 10 3 -20 -4 -7 -1 -10 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 0 0 Cross-currency valuation ... 21 -3 -16 -18 22 23 -33 -88 Residual ... -1 2 15 75 3 -4 14 34 9. AV ERAG,E TERMS OF NE"~ COMMlITMENTS ALL CREDITORS Interest (%) 2.9 3.0 0.0 3.8 3.4 5.7 8.4 8.0 6.5 6.6 Maturity (years) 20.4 12.4 0.0 19.4 21.3 19.0 8.6 10.4 14.5 12.0 Grace period (years) 1.4 2.6 0.0 4.1 5.1 5.2 3.7 4.2 5.0 8.1 Grant element (%) 42.0 34.3 0.0 39.1 43.6 28.1 11.1 10.2 20.8 20.9 Official creditors Interest (%) 2.9 2.7 0.0 3.8 3.4 5.7 4.9 5.6 5.4 2.2 Maturity (years) 20.4 15.1 0.0 19.4 21.3 19.1 20.1 18.6 18.3 21.9 Grace period (years) 1.4 3.9 0.0 4.1 5.1 5.2 5.2 3.8 6.3 6.0 Grant element (%) 42.0 42.2 0.0 39.1 43.6 28.5 34.6 26.7 30.4 53.9 Private creditors Interest (1) 0.0 3.0 0.0 0.0 0.0 10.1 10.1 9.0 8.1 8.0 Maturity (years) 0.0 11.9 0.0 0.0 0.0 11.3 3.0 7.2 9.5 8.9 Grace period (years) 0.0 2.4 0.0 0.0 0.0 1.8 3.0 4.3 3.2 8.8 Grant element (%) 0.0 32.9 0.0 0.0 0.0 -1.6 -0.3 3.7 8.0 10.6 Memorandum items Commitments 7 92 0 115 88 332 594 1.324 622 859 Official creditors 7 14 0 115 88 328 194 373 354 206 Private creditors 0 78 0 0 0 4 400 951 268 654 1 9. ((JNT R.ACTI. AL OB[.lt.AAlIONS (-ZP% Oi] 'TSTANDI)iG L-ONG-1TERN D)EB 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 325 266 179 123 84 57 38 21 16 8 Principal 183 286 887 240 561 200 156 230 215 695 Interest 267 266 251 182 164 128 118 110 95 84 Ofricial creditors Disbursements 185 206 161 119 84 57 38 21 16 8 Principal 39 64 75 85 94 98 104 104 169 104 Interest 39 46 50 52 52 50 48 44 40 31 Bilateral creditors Disbursemenits 49 52 34 20 1 1 5 2 0 0 0 Principal 17 27 28 27 26 26 31 31 31 31 Interest 13 14 13 13 12 12 1 1 10 9 7 Multilateral creditors Disbursements 136 154 127 99 73 52 35 21 16 8 Principal 22 38 47 58 68 72 73 73 138 73 Interest 27 33 37 39 40 39 37 34 31 24 Private creditors Disbursements 140 60 18 4 0 0 0 0 0 0 Principal 144 221 812 155 468 102 52 126 46 591 Interest 227 220 200 130 112 77 71 66 55 52 Commercial baniks Disbursements 140 60 18 4 0 0 0 0 0 0 Principal 42 59 360 53 5 1 50 50 50 45 15 Interest 60 62 59 27 23 19 14 10 6 3 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 102 162 452 102 417 5 1 1 76 1 576 Interest 167 158 142 103 89 59 56 56 49 49 328 LESOTHO (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SLININIARI DEBT DATA TOTAL DEBT STOCKS (EDT) .. 71.9 395.6 447.6 494.6 540.6 619.5 677.0 669.7 659.8 Long-term debt (LDOD) 8.1 57.7 377.7 425.7 464.7 500.6 571.8 630.7 627.9 624.3 Public and publicly guaranteed 8.1 57.7 377.7 425.7 464.7 500.6 571.8 630.7 627.9 624.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 6.2 15.1 18.4 24.9 34.2 40.3 38.4 33.8 27.5 Short-term debt .. 8.0 2.8 3.5 5.0 5.8 7.4 7.9 8.0 7.9 of which interest arrears on LDOD .. 0.0 0.8 0.5 1.0 1.8 3.4 3.9 4.0 3.9 Official Creditors .. 0.0 0.5 0.1 0.3 0.6 1.5 1.8 1.9 1.8 Private Creditors .. 0.0 0.3 0.4 0.7 1.2 1.8 2.1 2.1 2.1 Memo: principal arrears on LDOD .. 0.0 3.6 6.0 7.6 9.4 12.4 9.8 10.2 8.8 Official creditors .. 0.0 2.0 3.1 4.3 5.8 7.5 4.6 5.2 4.1 Private creditors .. 0.0 1.6 2.9 3.3 3.7 4.9 5.2 5.0 4.7 Memo: export credits ... 115.0 50.0 139.0 145.0 246.0 379.0 299.0 375.0 TOTAL DEBT FLOWS Disbursements 1.0 15.0 62.0 65.8 86.5 79.5 65.8 65.5 51.1 56.7 Long-term debt 0.4 13.3 57.9 62.7 79.0 70.0 60.4 65.5 51.1 56.7 IMF purchases 0.6 1.7 4.1 3.1 7.4 9.5 5.4 0.0 0.0 0.0 Principal repayments 0.3 3.4 15.0 16.2 20.3 20.4 18.4 24.6 21.6 26.9 Long-term debt 0.3 3.4 14.8 16.1 20.3 20.4 16.9 21.9 18.2 22.6 IMF repurchases 0.0 0.0 0.2 0.0 0.0 0.0 1.5 2.7 3.4 4.3 Net flows on debt 0.6 11.6 47.0 50.6 67.2 59.0 47.4 40.8 29.5 29.8 of which short-term debt ... 0.0 1.0 1.0 0.0 0.0 0.0 0.0 0.0 Interest payments (INT) .. 2.1 8.3 10.2 13.6 12.3 11.1 15.5 15.1 18.4 Long-term debt 0.2 1.5 8.0 9.9 13.2 11.9 10.8 15.1 14.6 18.0 IMF charges 0.0 0.0 0.1 0.1 0.1 0.2 0.1 0.2 0.3 0.2 Short-term debt .. 0.6 0.2 0.2 0.3 0.3 0.2 0.2 0.2 0.2 Net transfers on debt .. 9.5 38.7 40.4 53.6 46.7 36.3 25.3 14.4 11.4 Total debt service paid (TDS) .. 5.5 23.3 26.4 33.9 32.8 29.5 40.2 36.7 45.3 Long-tcrm debt 0.5 4.8 22.8 26.0 33.5 32.3 27.7 37.0 32.9 40.7 IMF repurchases and charges 0.0 0.0 0.3 0.1 0.1 0.2 1.6 3.0 3.7 4.4 Short-term debt (interest only) .. 0.6 0.2 0.2 0.3 0.3 0.2 0.2 0.2 0.2 2..-%(;(.~REG A%TE NETf KESOUiRC E FLO)"S AND NET' I-RXNSFERS [OLNG-TLRMe%T NET RESOURCE FLOWS 7.6 66.4 120.0 107.5 125.7 131.8 108.2 125.2 108.7 100.6 Net flow of long-term debt (ex. IMF) 0.1 9.9 43.1 46.5 58.7 49.6 43.5 43.6 32.9 34.1 Foreign direct investment (net) 0.0 4.5 17.0 7.0 3.0 15.0 18.7 23.0 28.0 29.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 7.5 52.0 59.9 54.0 64.0 67.2 46.0 58.6 47.8 37.5 Memo: technical coop. grants 2.5 31.9 45.4 43.0 46.0 39.8 36.3 37.3 30.7 31.6 official net resource flows 7.4 59.6 103.0 99.1 127.8 122.2 95.0 92.9 70.7 58.5 private net resource flows 0.1 6.8 17.0 8.4 -2.1 9.6 13.3 32.2 38.0 42.1 NET TRANSFERS 7.4 59.0 99.3 86.3 89.4 103.4 80.4 95.0 80.0 67.6 Interest on long-term debt 0.2 1.5 8.0 9.9 13.2 11.9 10.8 15.1 14.6 18.0 Profit remittances on FDI 0.0 6.0 12.7 11.3 23.2 16.5 17.0 15.0 14.0 15.0 Memo: official net transfers 7.2 59.0 96.9 90.5 116.0 111.5 84.8 80.7 58.7 45.3 private net transfers 0.1 -0. 1 2.4 -4.1 -26.7 -8.1 -4.3 14.3 21.3 22.2 3. %I XJOR EC'ONON.l IC %(c;(RE(-.AliEs Gross national product (GNP) 104.7 631.7 1,028.3 963.7 1,087.2 1,106.6 1,139.3 1,261.3 1,275.8 1,271.7 Exports of goods & services (XGS) .. 363.5 555.0 584.8 646.8 615.4 550.8 630.0 636.0 706.0 of which workers remittances .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & services (MGS) .. 482.4 775.9 907.9 1,048.0 961.3 913.8 1,157.0 1,139.0 1,290.0 International reserves (RES)......... .. Current account balance .. 56.3 65.0 83.1 37.6 29.3 108.1 . 4. DEBT IN DIC VIlORS EDT! XGS (%7) .. 19.8 71.3 76.5 76.5 87.8 112.5 107.5 105.3 93.5 EDT /GNP (% . 11.4 38.5 46.4 45.5 48.9 54.4 53.7 52.5 51.9 TDS, XGS (% . 1.5 4.2 4.5 5.2 5.3 5.4 6.4 5.8 6.4 INT /XGS (% . 0.6 1.5 1.7 2.1 2.0 2.0 2.5 2.4 2.6 INT!GNP (% . 0.3 0.8 1.1 1.2 1.1 1.0 1.2 1.2 1.4 RES/EDT(% .. .. .. .. RES /MGS (months) . .. .. .. .. Short-term /EDT (%) .. 11.1 0.7 0.8 1.0 1.1 1.2 1.2 1.2 1.2 Concessional / EDT (% . 61.6 73.7 74.8 75.0 70.7 71.0 69.3 69.4 69.1 Multilateral /EDT (%) .. 56.0 73.6 69.2 66.1 66.3 69.3 68.8 70.4 70.9 329 LESOTHO (US$ million, unless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 DEBT OUTSTANDING (LDOD) 8.1 57.7 377.7 425.7 464.7 500.6 571.8 630.7 627.9 624.3 Public and publicly guaranteed 8.1 57.7 377.7 425.7 464.7 500.6 571.8 630.7 627.9 624.3 Official creditors 7.6 46.4 344.0 390.8 436.6 479.3 554.5 602.7 593.8 580.5 Multilateral 4.1 40.3 291.0 309.6 326.8 358.3 429.1 466.0 471.6 467.9 Concessional 4.1 40.3 251.6 273.7 292.1 302.2 351.6 374.8 377.1 374.4 Bilateral 3.5 6.1 53.1 81.2 109.8 121.0 125.4 136.7 122.2 112.6 Concessional 3.0 4.1 40.1 61.2 78.6 80.2 88.2 94.6 87.9 81.5 Private creditors 0.5 11.4 33.7 34.9 28.1 21.3 17.3 28.0 34.1 43.8 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 2.0 6.0 6.1 5.7 4.1 2.8 14.9 22.8 33.4 Other private 0.5 9.4 27.7 28.8 22.4 17.2 14.5 13.2 11.3 10.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 4.5 26.0 41.7 54.0 57.1 58.3 IDA 4.1 24.1 111.7 120.7 127.1 133.6 143.0 152.8 159.3 162.9 DISBURSEMENTS 0.4 13.3 57.9 62.7 79.0 70.0 60.4 65.5 51.1 56.7 Public and publicly guaranteed 0.4 13.3 57.9 62.7 79.0 70.0 60.4 65.5 51.1 56.7 Official creditors 0.2 8.0 51.4 56.4 77.1 69.7 60.4 52.1 38.7 41.9 Multilateral 0.0 6.5 32.0 23.6 35.9 43.9 53.4 40.2 34.5 37.3 Concessional 0.0 6.5 28.3 23.3 31.2 19.0 36.0 23.7 19.7 23.4 Bilateral 0.2 1.5 19.4 32.8 41.2 25.7 7.0 11.9 4.2 4.7 Concessional 0.2 0.9 15.2 21.7 23.2 9.3 6.6 4.2 1.0 4.6 Private creditors 0.2 5.3 6.5 6.3 1.9 0.3 0.0 13.4 12.3 14.8 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 2.0 3.0 1.4 1.9 0.3 0.0 13.4 12.3 13.9 Other private 0.2 3.3 3.5 4.9 0.0 0.0 0.0 0.0 0.0 0.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 4.6 21.8 13.7 11.2 7.2 8.2 IDA 0.0 3.8 9.2 9.0 9.9 7.0 6.3 8.8 11.7 11.6 PRINCIPAL REPAYMENTS 0.3 3.4 14.8 16.1 20.3 20.4 16.9 21.9 18.2 22.6 Public and publicly guaranteed 0.3 3.4 14.8 16.1 20.3 20.4 16.9 21.9 18.2 22.6 Official creditors 0.3 0.4 8.3 11.3 13.3 14.7 11.4 17.7 15.8 21.0 Multilateral 0.0 0.2 5.4 6.4 7.2 6.7 7.6 14.1 9.2 13.2 Concessional 0.0 0.2 3.0 2.7 3.1 4.2 4.4 9.1 6.2 7.5 Bilateral 0.3 0.2 2.9 4.9 6.0 8.0 3.8 3.7 6.7 7.8 Concessional 0.2 0.2 0.9 1.3 1.8 4.5 1.1 1.7 4.4 5.8 Private creditors 0.0 3.0 6.5 4.8 7.0 5.7 5.4 4.1 2.4 1.6 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.6 1.1 2.0 1.7 1.2 1.5 1.5 1.3 Other private 0.0 3.0 5.9 3.7 5.0 4.0 4.2 2.6 0.9 0.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.2 IDA 0.0 0.0 0.6 0.7 0.8 0.8 1.1 1.3 1.5 1.6 NET FLOWS ON DEBT 0.1 9.9 43.1 46.5 58.7 49.6 43.5 43.6 32.9 34.1 Public and publicly guaranteed 0.1 9.9 43.1 46.5 58.7 49.6 43.5 43.6 32.9 34.1 Official creditors -0. 1 7.6 43.1 45.1 63.8 55.0 49.0 34.3 22.9 21.0 Multilateral 0.0 6.4 26.6 17.2 28.7 37.2 45.8 26.1 25.4 24.1 Concessional 0.0 6.4 25.3 20.6 28.0 14.9 31.7 14.6 13.5 15.9 Bilateral -0.1 1.3 16.5 27.8 35.2 17.8 3.1 8.2 -2.4 -3.1 Concessional 0.0 0.7 14.3 20.4 21.4 4.8 5.4 2.5 -3.4 -1.2 Private creditors 0.1 2.3 0.0 1.4 -5.1 -5.4 -5.4 9.2 10.0 13.1 Bonids 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 2.0 2.4 0.3 -0. 1 -1.4 -1.2 11.9 10.9 12.6 Other private 0.1 0.3 -2.5 1.2 -5.0 -4.0 -4.2 -2.6 -0.9 0.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 4.6 21.8 13.7 11.2 7.2 6.0 IDA 0.0 3.8 8.6 8.3 9.2 6.2 5.2 7.4 10.3 10.0 330 LESOTHO (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0.2 1.5 8.0 9.9 13.2 11.9 10.8 15.1 14.6 18.0 Public and publicly guaranteed 0.2 1.5 8.0 9.9 13.2 11.9 10.8 15.1 14.6 18.0 Official creditors 0.2 0.6 6.1 8.6 11.8 10.7 10.2 12.2 12.0 13.2 Multilateral 0.0 0.4 4.7 5.9 6.6 5.6 6.6 8.6 8.1 9.2 Concessional 0.0 0.3 2.1 1.9 3.8 2.5 2.3 3.1 3.1 3.5 Bilateral 0.2 0.2 1.4 2.8 5.2 5.0 3.6 3.6 3.8 4.0 Concessional 0.1 0.0 0.6 1.6 2.5 2.1 1.4 1.6 1.7 1.5 Private creditors 0.0 0.9 1.9 1.2 1.4 1.2 0.6 2.9 2.7 4.9 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.3 0.3 0.2 0.4 0.4 0.2 2.6 2.4 4.7 Other private 0.0 0.6 1.6 1.0 1.0 0.8 0.4 0.3 0.3 0.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.3 1.1 2.5 3.5 3.8 3.7 IDA 0.0 0.2 0.8 0.8 0.9 1.0 1.0 1.1 1.1 1.2 NET TRANSFERS ON DEBT -0.1 8.5 35.1 36.6 45.6 37.7 32.7 28.4 18.2 16.1 Public and publicly guaranteed -0.1 8.5 35.1 36.6 45.6 37.7 32.7 28.4 18.2 16.1 Official creditors -0.2 7.1 37.0 36.4 52.1 44.3 38.7 22.1 11.0 7.8 Multilateral 0.0 6.0 21.9 11.4 22.1 31.6 39.2 17.4 17.2 14.9 Concessional 0.0 6.1 23.1 18.7 24.3 12.4 29.3 11.5 10.4 12.4 Bilateral -0.2 1.1 15.2 25.1 30.0 12.8 -0.5 4.6 -6.3 -7.1 Concessional -0. 1 0.7 13.7 18.8 18.9 2.7 4.1 0.9 -5.1 -2.7 Private creditors 0.1 1.4 -2.0 0.2 -6.5 -6.6 -6.0 6.4 7.3 8.3 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 1.8 2.2 0.1 -0.6 -1.8 -1.4 9.3 8.5 7.9 Other private 0.1 -0.3 -4.1 0.1 -5.9 -4.9 -4.6 -2.9 -1.2 0.4 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 4.3 20.7 11.3 7.7 3.4 2.3 IDA 0.0 3.6 7.9 7.4 8.3 5.2 4.2 6.3 9.1 8.8 DEBT SERVICE (LTDS) 0.5 4.8 22.8 26.0 33.5 32.3 27.7 37.0 32.9 40.7 Public and publicly guaranteed 0.5 4.8 22.8 26.0 33.5 32.3 27.7 37.0 32.9 40.7 Official creditors 0.4 1.0 14.4 19.9 25.0 25.3 21.7 30.0 27.8 34.2 Multilateral 0.0 0.5 10.2 12.2 13.8 12.4 14.2 22.7 17.3 22.4 Concessional 0.0 0.4 5.2 4.6 6.9 6.7 6.7 12.2 9.3 11.0 Bilateral 0.4 0.4 4.2 7.7 11.2 13.0 7.5 7.3 10.5 11.8 Concessional 0.3 0.3 1.5 2.9 4.3 6.6 2.5 3.2 6.1 7.3 Private creditors 0.1 3.9 8.5 6.1 8.4 7.0 6.0 7.0 5.1 6.5 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.3 0.9 1.3 2.5 2.1 1.4 4.1 3.9 6.0 Other private 0.1 3.6 7.6 4.7 6.0 4.9 4.6 2.9 1.2 0.5 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.3 1.1 2.5 3.5 3.8 5.8 IDA 0.0 0.2 1.4 1.5 1.7 1.8 2.2 2.5 2.6 2.8 UNDISBURSED DEBT 0.8 118.0 315.0 431.3 505.2 498.0 483.0 431.4 268.6 196.6 Official creditors 0.1 110.0 312.3 427.6 383.7 373.5 335.3 298.9 216.5 165.1 Private creditors 0.7 8.0 2.7 3.6 121.5 124.5 147.7 132.6 52.0 31.5 Memorandum items Concessional LDOD 7.1 44.3 291.7 334.9 370.7 382.4 439.8 469.4 465.1 455.9 Variable rate LDOD 0.0 2.0 0.0 0.1 4.7 26.0 41.7 54.0 57.1 58.3 Public sector LDOD 8.1 55.7 376.5 424.6 463.8 499.7 571.0 630.0 627.2 623.8 Private sector LDOD 0.0 2.0 1.2 1.1 0.9 0.9 0.8 0.7 0.7 0.6 6. ( L'RRE'CNCY L omposirION OF L ON-TERNI DEBT PERCENr1- Deutsche mark 0.0 0.0 0.4 0.2 0.1 0.0 0.0 0.0 0.0 0.0 French franc 0.0 0.0 7.5 9.8 10.3 8.9 8.4 8.2 7.3 6.6 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 43.1 16.5 1.7 1.5 1.3 1.2 1.0 0.8 0.8 1.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollass 50.5 46.4 24.8 24.5 24.6 23.9 22.2 21.2 22.4 23.7 Multiple currency 0.0 7.1 5.6 6.1 8.1 14.6 17.2 20.6 21.5 21.3 Special drawing rights 0.0 0.0 9.9 9.0 8.6 8.2 7.6 7.1 6.8 6.4 All other currencies 6.4 30.1 50.1 48.9 47.1 43.2 43.4 42.1 41.2 41.0 331 LESOTHO (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DIEBI RESTRUCTU1RING.S Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reschLeduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 3.7 0.0 0.0 4.9 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Si. DLB Y slOC K-HL01% RECONCI IJA lION Total change in debt stocks . . 67.0 52.0 47.0 46.0 78.9 57.5 -7.3 -9.9 Net flows on debt ... 47.0 50.6 67.2 59.0 47.4 40.8 219.5 29.8 Net change in interest arrears ... 0.8 -0.3 0.5 0.8 1.6 0.5 0.2 -0.1 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveniess or reduction ... -3.7 0.0 0.0 -4.9 0.0 0.0 0.0 0.0 Cross-currency valuation ... 23.8 -1.5 -18.4 -9.5 22.4 13.0 -21.4 -29.9 Residual ... 0.0 3.2 -2.3 0.5 7.5 3.2 -15.5 -9.7 9. A% F1RUGE TERNIs OF NFI%% COMMAITMlENT~S ALL CREDITORS Interest (%) 5.0 5.9 1.3 5.8 13.8 4.1 4.9 6.8 8.2 2.7 Maturity (years) 18.1 24.3 24.3 24.9 11.7 30.7 17.0 29.0 31.9 22.3 Grace period (years) 1.9 5.7 6.0 7.1 3.7 9.6 6.4 6.2 16.4 4.9 Grant etement (%) 31.9 37.3 63.2 33.3 -1.8 44.5 39.0 29.5 13.4 48.5 Ofricial creditors Interest (%) 0.0 3.0 1.0 5.6 4.0 1.8 1.0 6.8 0.7 2.7 Maturity (years) 25.0 29.8 25.1 25.5 32.1 32.6 22.0 29.0 39.5 22.3 Gracc period (years) 5.5 6.7 6.2 7.3 6.8 6.8 9.2 6.2 10.0 4.9 Grant element (%) 72.7 52.7 65.9 34.8 49.1 62.9 66.2 29.5 80.3 48.5 Private creditors Interest (%) 7.5 15.8 8.4 10.3 17.5 13.9 9.21 0.0 16.3 0.0 Maturity (years) 14.6 5.5 5.9 11.7 4.0 22.0 1 1.5 0.0 23.5 0.0 Grace period (years) 0.1 2.2 1.8 1.9 2.5 22.0 3.2 0.0 23.5 0.0 Grant element (% 10.9 -14.9 4.3 1.6 -21.0 -37.1 8.6 0.0 -59.8 0.0 Memorandum items Commitments 0.4 58.5 46.4 183.3 176.8 87.9 58.2 23.0 76.5 7.6 Official creditors 0.2 45.2 44.4 175.1 48.4 71.7 30.7 23.0 40.0 7.6 Private creditors 0.3 13.3 2.0 8.2 128.4 16.2 27.5 0.0 36.6 0.0 1(1 COIRCrIAI.tII.IAiINSON OLTS11 kNDIN(G LONG-TERNl nEB I 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursemnents 88.9 50.2 29.3 18.2 7.7 1.5 0.8 0.1 0.0 0.0 Principal 37.6 31.9 32.6 34.5 35.4 35.1 34.3 35.5 35.8 32.9 Interest 21.6 22.3 22.0 21.0 19.7 18.3 17.0 15.6 14.3 13.0 Official creditors Disbursements 67.8 41.5 27.5 18.2 7.7 1.5 0.8 0.1 0.0 0.0 Principal 34.6 29.0 29.7 31.6 32.5 32.3 31.5 32.9 33.4 31.6 Interest 14.6 14.1 13.6 12.9 11.9 10.7 9.5 8.4 7.2 6.1 Bilateral creditors Disbursements 21.5 8.7 5.4 2.8 1.6 0.2 0.0 0.0 0.0 0.0 Principal 15.3 9.2 9.1 9.4 9.8 9.8 9.2 9.0 9.0 7.9 Interest 5.2 4.8 4.7 4.4 4.0 3.5 3.1 2.7 2.3 1.9 Multilateral creditors Disbursements 46.3 32.8 22.1 15.4 6.1 1.3 0.8 0.1 0.0 0.0 Principal 19.3 19.7 20.6 22.1 22.7 22.5 22.3 23.9 24.3 23.6 Interest 9.4 9.2 9.0 8.6 7.9 7.2 6.4 5.6 4.9 4.1 Private creditors Disbursements 21.1 8.6 1.8 0.0 0.0 0. 0. 0.0 0.0 0.0 Principal 2.9 2.9 2.9 2.9 2.9 2.8 2.8 2.6 2.4 1.3 Interest 7.1 8.2 8.3 8.1 7.9 7.7 7.5 7.2 7.1 6.9 Commercial banks Disbursements 20.7 8.6 1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.1 1.1 Interest 6.6 7.8 8.0 7.8 7.6 7.5 7.3 7.1 6.9 6.8 Other private Disbursements 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.3 0.3 0.3 Interest 0.4 0.4 0.3 0.3 0.2 0.2 0.2 0.1 0.1 0.1 332 LIBERIA (US$ million, unless othlerwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. 9[ iN1Il -RY'lDE ' DAT It TOTAL DEBT STOCKS (EDT) .. 686 1,849 1,954 1,923 1,957 2,056 2,154 2,107 2,012 Long-term debt (LDOD) 158 516 1,116 1,106 1,081 1,102 1,137 1,161 1,110 1,061 Public and publicly guaranteed 158 516 1,116 1,106 1,081 1,102 1,137 1,161 1,110 1,061 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 4 89 322 324 312 311 330 336 325 305 Short-term debt .. 81 411 523 530 544 589 657 672 646 of wbich interest arrears on LDOD .. 2 355 469 477 500 545 613 617 612 Official creditors .. 1 251 342 329 349 390 458 467 466 Private creditors .. 1 104 127 148 151 155 155 151 146 Memo: principal arrears on LDOD .. 3 722 781 798 823 924 961 956 940 Official creditors .. 2 530 586 603 623 715 754 756 749 Private creditors 1 192 196 195 200 208 208 199 192 Memo: export credits .. .. 203 207 111 53 52 218 283 216 TOTAL DEBT FLOWS Disbursements 9 109 0 2 0 33 0 0 0 0 Long-term debt 7 76 0 2 0 33 0 0 0 0 IMF purchases 2 34 0 0 0 0 0 0 0 0 Principal repayments 17 18 2 15 0 13 15 0 0 0 Long-term debt 11 15 1 15 0 13 14 0 0 0 IMF repurchases 5 3 1 0 0 0 1 0 0 0 Net flows on debt -7 91 -1 -15 -1 10 -14 0 11 -21 of which short-term debt .. .. 1 -2 -1 -to 1 0 11 -21 Interest payments (INT) ,, 35 1 2 1 9 0 2 1 0 Long-term debt 6 23 1 1 0 8 0 0 0 0 IMF charges 0 2 0 1 1 1 0 2 1 0 Short-term debt 11 0 0 0 0 0 0 0 0 Net transfers on debt .. 56 -2 -17 -1 1 -14 -2 10 -21 Total debt service paid (TDS) .. 54 3 17 1 22 15 2 1 0 Long-term debt 18 38 2 17 0 21 14 0 0 0 IMF repurchases and charges 5 5 1 1 1 1 1 2 1 0 Short-term debt (interest only) .. 11 0 0 0 0 0 0 0 0 2. .CGREGATE N ET RESOU-RCE FlOttS SAND NET TRA-NSF;ERS ll)NG-TER\li NET RESOURCE FLOWS -3 83 59 142 85 150 54 128 144 93 Net flow of long-term debt (ex. IMF) -4 61 -1 -13 0 20 -14 0 0 0 Foreign direct investment (net) 0 0 0 8 -11 30 14 21 17 15 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 1 23 60 147 96 100 53 107 127 78 Memo: technical coop. grants 8 24 21 12 24 24 12 17 11 26 official net resource flows 4 84 59 134 96 120 40 107 127 78 private net resource flows -7 0 0 8 -11 30 14 21 17 15 NET TRANSFERS -9 61 59 141 85 142 54 128 144 92 Interest on long-term debt 6 23 1 1 0 8 0 0 0 0 Profit remittances on FDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers 1 77 59 133 96 112 40 107 127 77 private net transfers -10 -16 0 8 -11 30 14 21 17 15 3. ML-OR ECONOMIC AC(IREGATES Gross national product (GNP) 402 1,093 .. .. .. .. .. Exports of goods & services (XGS) .. 614 .. .. .. .. .. .. of which workers remittances .. .. .. .. .. .. .. .. Imports of goods & services (MGS) .. 575 .. .. .. .. .. .. International reserves (RES) .. .. .. .. .. .. .. Current account balance .. 46 .. .. .. .. .. 4. DEBT INDIC %TOR- EDT /XGS(%) .. 111.8 .. .. .. .. .. EDT /GNP(%) .. 62.7 .. .. .. .. .. .. TDS /XGS(%) .. 8.7 .. .. .. .. .. .. INT /XGS(%J .. 5.8 .. .. .. .. .. .. INT GNP(%) .. 3.2 .. .. .. .. .. .. RES /EDT(%) .. .. .. .. .. .. .. .. RES MGS (months) Short-term / EDT (%) .. 11.8 22.2 26.8 27.6 27.8 28.7 30.5 319 32.1 Concessional / EDT(%) .. 30.8 32.1 30.0 29.8 30.6 30.3 29.5 28.9 29.1 Multilateral / EDT (%) .. 19.1 23.4 21.6 21.2 22.0 21.4 21.0 20.1 20.1 333 LIBERIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. L-ONG-TERMI DEB I DEBT OUTSTANDING (LDOD) 158 516 1,116 1,106 1,081 1,102 1,137 1,161 1,110 1,061 Public and publicly guaranteed 158 516 1,116 1,106 1,081 1,102 1,137 1,161 1,110 1,061 Official creditors 124 359 924 911 886 902 929 954 911 869 Multilateral 8 131 433 421 407 430 439 453 424 405 Concessional 0 33 184 176 172 204 211 214 202 197 Bilateral 116 229 491 490 479 472 490 501 486 465 Concessional 110 179 410 409 401 395 411 421 408 388 Private creditors 34 1~6 192 196 195 200 208 208 199 192 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 129 172 175 176 181 189 187 180 173 Other private 34 28 20 20 19 19 20 21 20 19 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 7 69 143 144 139 141 151 161 146 136 IDA 0 23 105 106 103 104 107 108 106 102 DISBURSEMENTS 7 76 0 2 0 33 0 0 0 0 Public and publicly guaranteed 7 76 0 2 0 33 0 0 0 0 Official creditors 7 65 0 2 0 33 0 0 0 0 Multilateral 2 33 0 2 0 33 0 0 0 0 Concessional 0 8 0 2 0 33 0 0 0 0 Bilateral 5 32 0 0 0 0 0 0 0 0 Concessional 4 30 0 0 0 0 0 0 0 0 Private creditors 0 1 1 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 6 0 0 0 0 0 0 0 0 Other private 0 5 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 2 17 0 0 0 0 0 0 0 0 IDA 0 5 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 11 15 1 15 0 13 14 0 0 0 Public and publicly guaranteed 11 15 1 15 0 13 14 0 0 0 Official creditors 5 4 1 15 0 13 14 0 0 0 Multilateral 0 2 1 15 0 13 14 0 0 0 Concessional 0 0 0 11 0 1 1 0 0 0 Bilateral 5 1 0 0 0 0 0 0 0 0 Concessional 5 1 0 0 0 0 0 0 0 0 Private creditors 7 12 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 3 0 0 0 0 0 0 0 0 Other private 7 9 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 2 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT -4 61 -1 -13 0 20 -14 0 0 0 Public and publicly guaranteed -4 61 -1 -13 0 20 -14 0 0 0 Official creditors 3 61 -1 -13 0 20 -14 0 0 0 Multilateral 2 31 -1 -13 0 20 -14 0 0 0 Concessional 0 8 0 -8 0 32 -1 0 0 0 Bilateral 0 30 0 0 0 0 0 0 0 0 Concessional -1 29 0 0 0 0 0 0 0 0 Private creditors -7 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 3 0 0 0 0 0 0 0 0 Other private -7 -3 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 2 16 0 0 0 0 0 0 0 0 IDA 0 5 0 0 0 0 0 0 0 0 334 LIBERIA (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 6 23 1 1 0 8 0 0 0 0 Public and publicly guaranteed 6 23 1 1 0 8 0 0 0 0 Official creditors 3 7 1 1 0 8 0 0 0 0 Multilateral 0 5 1 1 0 8 0 0 0 0 Concessional 0 0 0 t 0 1 0 0 0 0 Bilateral 3 2 0 0 0 0 0 0 0 0 Concessional 2 2 0 0 0 0 0 0 0 0 Private creditors 3 16 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 14 0 0 0 0 0 0 0 0 Other private 3 2 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 4 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -10 38 -2 -14 0 12 -14 0 0 0 Public and publicly guaranteed -10 38 -2 -14 0 12 -14 0 0 0 Official creditors -1 54 -2 -14 0 12 -14 0 0 0 Multilateral 2 25 -2 -14 0 12 -14 0 0 0 Concessional 0 8 0 -9 0 32 -1 0 0 0 Bilateral -2 29 0 0 0 0 0 0 0 0 Concessional -3 28 0 0 0 0 0 0 0 0 Private creditors -10 -16 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -11 0 0 0 0 0 0 0 0 Other private -10 -5 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 12 0 0 0 0 0 0 0 0 IDA 0 5 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 18 38 2 17 0 21 14 0 0 0 Public and publicly guaranteed 18 38 2 17 0 21 14 0 0 0 Official creditors 8 11 2 17 0 21 14 0 0 0 Multilateral 0 8 2 17 0 21 14 0 0 0 Concessional 0 0 0 11 0 2 1 0 0 0 Bilateral 8 3 0 0 0 0 0 0 0 0 Concessional 7 3 0 0 0 0 0 0 0 0 Private creditors 10 27 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 17 0 0 0 0 0 0 0 0 Other private 10 I11 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 6 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 20 228 84 80 74 40 36 18 17 15 Official creditors 18 220 84 80 74 40 36 18 17 15 Private creditors 2 8 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 110 211 594 585 573 599 622 635 610 585 Variable rate LDOD 0 100 123 123 123 123 123 123 123 123 Public sector LDOD 158 514 1,116 1,106 1,081 1,102 1,137 1,161 1,110 1,061 Private sector LDOD 0 1 0 0 0 0 0 0 0 0 6. CLRRENCY CON1MPOSI f O0N OF LONG-TERM DEBT i PERCENr- Deutsche mark 12.7 9.2 11.1 11.0 10.6 9.7 10.5 11.1 10.7 9.7 French franc 0.0 0.0 1.1 1.1 1.0 0.9 1.0 1.1 1.0 1.0 Japanese yen 0.0 7.6 6.1 6.6 6.8 7.4 8.1 7.7 7.1 6.6 Pound sterling 0.3 1.5 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.3 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 82.1 62.6 51.2 51.6 52.6 51.6 50.3 49.4 51.5 53.5 Multiple currency 4.9 17.4 22.7 21.8 21.4 20.1 20.8 21.4 20.4 20.1 Special drawing rights 0.0 0.0 1.5 1.5 1.5 1.4 1.5 1.5 1.5 1.5 All other currencies 0.0 1.7 5.2 5.2 4.9 7.5 6.6 6.8 6.5 6.4 335 LIBERIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 Total amount rescheduled 0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 Private 0 ..0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 Private 0 ..0 0 0 0 0 0 0 0 Debt forgiven ..0 1 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock redutction 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 S~. DlL I1 SI[01K-F LO%~ RECON CI LLUiION Total change in debt stocks 164 105 -31 34 99 98 -48 -95 Net flows on debt ... -1 -15 -1 10 -14 0 11 -21 Net change in interest arrears ... 87 115 7 24 45 68 4 -5 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 -1 0 0 0 0 0 0 Cross-currency valuation ... 46 4 -20 2 44 22 -36 -41 Residual ... 32 2 -18 -1 24 8 -27 -28 9..%%VER %(,E I-ERr,6s OF NE%% CONM~ITNIENI S ALL CREDITORS Interest (%) 6.6 7.3 4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 19.0 18.8 23.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 4.5 4.5 5.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 20.8 25.1 41.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors Interest (%) 6.4 5.3 4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 21.2 23.1 23.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 5.1 5.5 5.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 23.7 35.5 41.6 0.0 0. 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 7.9 12.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 8.1 7.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.5 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 6.6 -3.1 0.0 0.0 0. 0.0 0.0 0.0 0. 0.0 Memorandum items Commitments 12 40 32 0 0 0 0 0 0 0 Official creditors 10 30 32 0 0 0 0 0 0 0 Private creditors 2 1 1 0 0 0 0 0 0 0 0 III. (0% [RAt TU .L. OBL l. [l% ONS ON 01. I S 1FA%NDlNG; L.ON(,- [ERNl DJEBr 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAIL Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 79 45 38 23 22 20 19 17 17 14 Interest 13 9 7 6 5 4 4 3 3 3 Official creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 79 45 38 23 22 20 19 17 1 7 14 Interest 13 9 7 6 5 4 4 3 3 3 Bilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 16 16 15 14 13 13 13 11 1 t 8 Interest 4 4 3 3 3 3 2 2 2 1 Multilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 62 30 .23 9 8 7 7 6 6 6 Initerest 9 5 4 2 2 2 2 2 1 1 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 336 LITHUANIA (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. S Li'% N ARYi L) ERT D F TOTAL DEBT STOCKS (EDT) . .. . .. 55.5 327.8 493.7 763.4 1,226.8 1,540.5 Long-term debt (LDOD) . .. . .. 27.4 200.2 268.3 452.5 796.8 1,107.0 Public and publicly guaranteed ...... 27.4 200.2 268.3 423.8 732.4 1,049.3 Private nonguaranteed ...... 0.0 0.0 0.0 28.7 64.4 57.7 Use of IMF credit ...... 23.7 120.8 196.4 261.5 273.4 270.5 Short-term debt ...... 4.5 6.8 29.0 49.4 156.7 163.0 of which interest arrears on LDOD ...... 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ...... 0.0 0.0 0.0 0.0 0.0 6.7 Official creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 6.7 Memo: export credits ...... 4.0 6.0 97.0 135.0 182.0 190.0 TOTAL DEBT FLOWS Disbursements . .... 33.8 279.0 156.8 222.3 466.0 614.0 Long-term debt ...... 9.5 180.2 90.1 159.5 420.9 557.0 IMF purchases ...... 24.3 98.8 66.7 62.8 45.1 57.0 Principal repayments . .... 2.9 3.3 35.2 12.2 82.6 250.6 Long-term debt ...... 2.9 3.3 35.2 12.2 58.1 207.9 IMF repurchases ...... 0.0 0.0 0.0 0.0 24.5 42.7 Net flows on debt . .... 35.5 278.0 143.8 230.6 490.7 369.7 of which short-term debt ...... 4.5 2.4 22.2 20.4 107.3 6.3 Interest payments (INT) .... . 1.1 4.0 32.5 31.3 42.4 68.4 Long-term debt . ... 1.1 1.2 23.1 17.4 23.8 47.2 IMF charges ...... 0.0 2.5 7.6 11.5 11.5 12.4 Short-term debt ...... 0.0 0.3 1.8 2.4 7.0 8.8 Net transfers on debt . .... 34.3 274.0 111.4 199.3 448.4 301.3 Total debt service paid (TDS) . .... 4.0 7.3 67.7 43.5 125.0 319.0 Long-term debt .... . 4.0 4.5 58.3 29.6 81.8 255.1 IMF repurchases and charges ...... 0.0 2.5 7.6 11.5 36.1 55.2 Short-term debt (interest only) .... . 0.0 0.3 1.8 2.4 7.0 8.8 2. -%(,GRLG. ATF NEUF REsO LIRC E FI.O%~SAND) NF. TTRANSFERS iLONG-TERMI) NET RESOURCE FLOWS . . . .. 74.7 226.4 113.2 242.1 579.4 765.2 Net flow of long-term debt (ex. IMF) . .... 6.7 176.9 54.9 147.3 362.9 349.1 Foreign direct investment (net) ...... 0.0 30.2 31.3 72.6 152.4 354.5 Portfolio equity flows ...... 0.0 0.0 0.0 4.3 21.0 0.0 Grants (excluding technical coop.) ...... 68.0 19.3 27.0 17.9 43.1 61.6 Memo: technical coop. grants ...... 16.0 18.9 28.6 116.9 37.5 32.4 official net resource flows ...... 77.5 149.7 94.0 109.7 154.7 127.9 private net resource flows . .... -2.9 76.7 19.3 132.4 424.7 637.3 NET TRANSFERS . . . .. 73.5 225.2 90.1 224.7 555.6 718.1 Interest on long-term debt ...... 1.1 1.2 23.1 17.4 23.8 47.2 Profit remittances on FDI ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers ... . 77.5 149.2 85.1 96.4 139.8 105.9 private net transfers ... . -4.0 76.0 5.0 128.3 415.9 612.1 3. MAI JOR ECO'sO-NlIC.%G PEG XTES Gross national product (GNP) .. ... 11,303.0 6,118.1 5,840.8 6,871.9 7,851.7 9,386.7 Exports of goods & services (XGS) ... .. . 2,236.1 2,373.3 3,243.3 4,264.6 5,306.5 of which workers remittances ... .. . 0.0 0.7 1.1 1.9 1.8 Imports of goods & services (MGS) ... .. . 2,437.6 2,623.3 3,965.9 5,129.0 6,516.0 International reserves (RES) ...... 107.3 422.9 596.7 829.0 841.0 1,064.0 Current account balance ... .. . -85.7 -94.0 -614.4 -722.6 -981.3 4. D)EIII INDlCArORS E-DT i XGS (% .. .. . 14.7 20.8 23.5 28.8 29.0 EDT GNP(% ...... 0.5 5.4 8.5 11.1 15.6 16.4 TDS /XGS (% ,. .. . 0.3 2.9 1.3 2.9 6.0 INT /XGS (% .. .. . 0.2 1.4 1.0 1.0 1.3 INT / GNP ()...... 0.0 0.1 0.6 0.5 0.5 0.7 RES EDT( ) ...... 193.2 129.0 120.9 108.6 68.5 69.1 RES /MCGS (months) ... .. . 2.1 2.7 2.5 2.0 2.0 Short-term / EDT (%) -.. .. 8.0 2.1 5.9 6.5 12.8 10.6 Concessional / EDT ()...... 17.1 10.2 15.7 13.1 8.6 7.0 Multilateral / EDT (%) ...... 0.0 30.5 24.1 21.3 18.6 16.1 337 LITHUANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5.LONCG-ERNM DEBr DEBT OUTSTANDING (LDOD) . .. . .. 27.4 200.2 268.3 452.5 796.8 1,107.0 Public and publicly guaranteed ...... 27.4 200.2 268.3 423.8 732.4 1,049.3 Official creditors ...... 9.5 136.4 213.8 310.7 405.3 442.4 Multilateral ...... 0.0 99.8 119.2 162.6 227.9 248.5 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 9.5 36.6 94.6 148.1 177.4 193.9 Concessional ...... 9.5 33.6 77.7 99.7 105.0 108.1 Private creditors ...... 17.9 63.8 54.5 113.0 327.1 607.0 Bonds ...... 0.0 0.0 0.0 0.0 110.0 200.0 Commercial banks ...... 0.0 0.0 0.0 0.0 59.8 168.9 Othier private .... . 17.9 63.8 54.5 113.0 157.3 238.0 Private nonguaranteed . .... 0.0 0.0 0.0 28.7 64.4 57.7 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . .... 0.0 0.0 0.0 28.7 64.4 57.7 Memo: IBRD ...... 0.0 41.6 48.9 61.8 101.2 114.3 IDA ...... 0.0 0.0 0.0 0.1) 0.0 0.0 DISBURSEMENTS . . . .. 9.5 180.2 90.1 159.5 420.9 557.0 Public and publicly guaranteed . .... 9.5 180.2 90.1 159.5 385.2 557.0 Official creditors ...... 9.5 130.4 68.1 95.1 130.8 84.8 Multilateral ...... 0.0 103.2 10.6 38.0 81.3 48.5 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 9.5 27.2 57.5 57.1 49.4 36.3 Concessional ...... 9.5 24.1 43.3 24.1 10.0 8.0 Private creditors ...... 0.0 49.8 22.0 64.5 254.4 4712.2 Bonds ...... 0.0 0.0 0.0 0.0 110.0 200.0 CommerCial banks ...... 0.0 0.0 0.0 0.0 60.0 150.3 Other private ...... 0.0 49.8 22.0 64.5 84.5 121.9 Private niongusaranteed . .... 0.0 0.0 0.0 0.0 35.7 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 35.7 0.0 Memo; IBRD ...... 0.0 42.4 4.2 12.1 43.8 20.7 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS . . . .. 2.9 3.3 35.2 12.2 58.1 207.9 Plublic and publicly guaranteed .... . 2.9 3.3 35.2 12.2 53.1 201.2 Official creditors ...... 0.0 0.0 1.1 3.2 19.2 18.5 Multilateral ...... 0.0 0.0 0.0 0.0 6.2 8.5 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 0.0 0.0 1.1 3.2 13.1 1(1.1 Concessional ...... 0.0 0.0 0.0 0.3 0.0 1.0 Private creditors ...... 2.9 3.3 34.1 8.9 33.8 182.7 Bonds ...... 0.0 0.0 0.0 0.0 0.0 110.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 40.4 Other private ...... 2.9 3.3 34.1 8.9 33.8 32.3 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 5.0 6.7 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 5.0 6.7 Memo: IBRD ...... 0.0 0.0 0.0 0.0 0.0 2.6 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT . . . .. 6.7 176.9 54.9 147.3 362.9 349.1 Public and publicly guaranteed . .... 6.7 176.9 54.9 147.3 332.2 355.8 Official creditors ...... 9.5 130.4 67.0 91.8 111.6 66.3 Multilateral ...... 0.0 103.2 10.6 38.0 75.2 40.0 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 9.5 27.2 56.4 53.8 36.4 26.3 Concessional ...... 9.5 24.1 43.3 23.8 10.0 7.0 Private creditors .... . -2.9 46.5 -12.0 55.5 220.6 289.5 Bonds ...... 0.0 0.0 0.0 0.0 110.0 90.0 Commercial banks . .... 0.0 0.0 0.0 0.0 60.0 110.0 Other private ...... -2.9 46.5 -12.0 55.5 50.7 89.6 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 30.7 -6.7 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 30.7 -6.7 Memo: IBRD ...... 0.0 42.4 4.2 12.1 43.8 18.1 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 338 LITHUANIA (US$ million, uniless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) . .. . .. 1.1 1.2 23.1 17.4 23.8 47.2 Public and publicly guaranteed ...... 1.1 1.2 23.1 17.4 21.5 44.3 Official creditors ... . 0.0 0.5 8.9 13.3 14.9 22.0 Multilateral ...... 0.0 0.3 7.8 9.4 10.4 14.2 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral .. .. 0.0 0.2 1.1 3.9 4.5 7.7 Concessional .. ... 0.0 0.2 0.7 2.7 1.8 2? - Private creditors ...... 1.1 0.7 14.3 4.1 6.5 22.3 Bonds ... . 0.0 0.0 0.0 0.0 0.0 8.3 Comnmercial banks . .. 0.0 0.0 0.0 0.0 0.2 4.2 Other private ...... 1.1 0.7 14.3 4.1 6.3 9.9 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 2.3 2.9 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 2.3 2.9 Memo: IBRD .. .. 0.0 0.3 3.2 3.6 4.3 7.1 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT . . . .. 5.5 175.7 31.8 129.9 339.1 302.0 Public and publicly guaranteed . .... 5.5 175.7 31.8 129.9 310.7 311.5 Official creditors ...... 9.5 129.9 58.1 78.5 96.6 44.3 Multilateral ...... 0.0 102.9 2.8 28.6 64.8 25.8 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 9.5 27.0 55.3 49.9 31.9 18.5 Concessional ...... 9.5 23.9 42.7 21.1 8.2 4.8 Private creditors ...... -4.0 45.8 -26.3 51.4 214.1 267.2 Bonds ...... 0.0 0.0 0.0 0.0 110.0 81.8 Commercial banks ...... 0.0 0.0 0.0 0.0 59.8 105.8 Other private ...... -4.0 45.8 -26.3 51.4 44.3 79.7 Private nonguaranteed . ... 0.0 0.0 0.0 0.0 28.4 -9.6 Bonds .... . 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 28.4 -9.6 Mtemo: IBRD .. .. 0.0 42.1 1.0 8.5 39.5 11.0 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 DEBT SERVICE (LTDS) . . . .. 4.0 4.5 58.3 29.6 81.8 255.1 Public and publicly guaranteed . ... 4.0 4.5 58.3 29.6 74.5 245.5 Official cr-editors ...... 0.0 0.5 10.0 16.6 34.2 40.5 Multilateral ...... 0.0 0.3 7.8 9.4 16.6 22.7 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 0.0 0.2 2, 2 7.1 17.6 17.8 Concessional ...... 0.0 0.2 0.7 3.0 1.8 3.2 Private creditors ...... 4.0 4.0 48.3 13.0 40.3 205.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 118.3 Commercial banks ...... 0.0 0.0 0.0 0.0 0.2 44.6 Other private ...... 4.0 4.0 48.3 13.0 40.1 42.1 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 7.3 9.6 Bonds ... 0.0 0.0 0.0 0.0 0-0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 7.3 9.6 Memo: IBRD ...... 0.0 0.3 3.2 3.6 4.3 9.7 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 UNDISBURSED DEBT . . . .. 135.4 141.6 209.5 481.1 582.8 375.8 Official creditors ...... 104.8 117.7 138.0 236.3 380.3 295.3 Private creditors ...... 30.6 23.9 71.5 244.7 202.5 80.6 Memorandum items Concessional LDOD . .... 9.5 33.6 77.7 99.7 105.0 108.1 Variable rate LDOD ...... 17.9 102.1 128.4 240.2 404.7 570.5 Public sector LDOD ...... 27.4 200.2 265.4 416.9 721.1 985.1 Private sector LDOD ... . 0.0 0.0 2.9 35.6 75.7 122.0 fi. LL'tRRE NC N CONhlPtlNlTlEN OiE l.ON(..TI-RNIl DEBTr iPERC'E NT' Deutsche mark ...... 0.0 4.7 11.7 17.6 8.9 6.2 French franc ...... 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ... . 0.0 0.0 12.8 9.9 8.4 5.9 Pound sterling ...... 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. .. 65.4 7.4 5.1 3.2 1.4 0.6 U.S.dollars ...... 34.6 39.1 27.7 33.5 49.4 61.6 Multiple currencv .. .. 0.0 20.8 18.2 14.6 13.7 10.7 Special drawing rights ...... 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies . .. 0.0 28.0 24.4 21.2 18.2 15.2 339 LITHUANIA (US$ million, unless otherwise indicated) 19 70 1980 7990 1991 1992 1993 1994 1995 1996 1997 D.IEBT RLS TR[UCTU~RINGS Total amount rescheduled .... .. 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled .... .. 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled . .. 0.0 0.0 0.0 0.0 0.0 0.0 Official . .. 0.0 0.0 0.0 0.0 0.0 0.0 Private . . .. 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled . .. 0.0 0.0 0.0 0.0 0.0 0.0 Official . .. 0.0 0. 0.0 0.0 0.0 0.0 Private . ... 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven .... .. 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven .... .. 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction .... . 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback .... .. 0.0 0.0 0.0 0.0 0.0 0.0 S. I)EliI SIOCK-FI.)OW RIiA-(JN( ItI LXI IO N Total change in debt stocks ... .. . 272.3 165.9 269.7 463.5 313.7 Net flows on debt .. . .. . 278.0 143.8 230.6 490.7 369.7 Net change in interest arrears .. . .. . 0.0 0.0 0.0 0.0 0.0 Interest capitalized ... .. . 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... .. . 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation .. . .. . -5.8 19.1 15.2 -26.7 -40.6 Residual .. . .. . 0.1 3.0 23.9 -0.6 -15.4 9.A AER W~L TFRpMS, OF NF%k CO MMI UNIFNTIS ALL CREDITORS Interest (%M. . .. 7.2 5.7 5.0 7.3 6.8 6.3 Maturity (years) . .... 14.5 11.7 12.5 9.3 11.3 6.0 Grace period (years) .... .. 4.2 5.2 3.6 2.6 2.8 3.6 Grant element (%) .... .. 15.5 23.0 24.9 13.7 13.9 12.9 Official creditors Interest (%) -.. .. 7.4 5.5 5.3 6.4 6.6 7.1 Maturity (years) .... . 15.7 14.3 14.9 14.4 14.9 18.6 Grace period (years) .... .. 4.5 6.4 4.9 4.3 4.3 4.9 Grant element (%) .... .. 15.3 28.5 27.2 22.1 18.3 17.4 Private creditors Interest (%) ...... 6.5 6.5 4.6 8.1 7.2 6.3 Maturity (years) .... .. 10.3 2.8 9.6 5.2 6.4 5.5 Grace period (years) .... . 3.1 1.2 2.1 1.2 0.9 3.6 Grant element (%) .... .. 16.0 4.5 22.1 6.9 8.1 12.8 Memorandum items Commitments .... .. 145.9 189.3 151.3 427.3 501.6 4-48.3 Official creditors . .... 115.2 146.0 82.9 191.4 285.2 14.7 Private creditors . ..... 30.6 43.3 68.4 235.9 216.4 433.6 III.( (ON IRA(]L.AL OBLI(; XTI(.)NS0ON oUtF ra xND)ING LONG;- 'ERNI DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 167.1 82.0 46.3 28.9 19.7 12.0 8.8 5.9 2.7 1.6 Principal 106.4 101.4 281.0 105.3 328.0 85.0 74.0 89.4 50.1 44.6 Interest 58.7 69.7 65.9 52.9 48.2 27.6 23.9 19.7 15.4 1 2. 9 Official creditors Disbursements 120.4 55.8 40.4 27.4 19.4 12.0 8.8 5.9 2.7 1.6 Principal 39.7 36.0 98.1 49.6 83.4 49.8 44.1 62.4 37.5 37.2 Interest 29.3 29.6 29.9 27.6 26.0 21.8 19.9 17.1 14.1 12.0 Bilateral creditors Disbursements 26.0 8.8 3.4 1.2 0.4 0.3 0.0 0.0 0.0 0.0 Principal 25.3 18.1 17.1 19.1 24.6 17.9 14.3 12.5 7.6 7.4 Interest 9.6 8.8 8.7 8.0 6.9 5.3 4.3 3.5 2.9 2.6 Multilateral creditors Disbursements 94.4 47.0 36.9 26.2 19.0 11.7 8.8 5.9 2.7 1.6 Principal 14.3 17.9 81.0 30.5 58.8 31.9 29.9 49.9 29.9 29.9 Interest 19.7 20.8 21.2 19.6 19.1 16.5 15.6 13.5 11.2 9.4 Private creditors Disbursements 46.7 26.2 5.9 1.4 0.3 0.0 0.0 0.0 0.0 0.0 Principal 66.8 65.4 182.8 55.7 244.5 35.3 29.9 26.9 12.6 7.4 Interest 29.4 40.1 36.0 25.3 22.2 5.7 4.0 2.6 1.3 0.9 Commercial banks Disbursements 18.6 8.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal I11.7 10.7 114.9 14.0 9.9 6.0 5.3 5.3 5.3 5.3 Interest 69.6 66.5 62.6 45.6 21.1 19.6 18.5 17.7 17.5 17.4 Other private Disbursements 18.1 7.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2,415.9 2,207.5 2,462.8 1,682.0 1,375.8 1,050.7 1,462.3 749.4 112.5 508.6 Interest 857.3 737.3 587.6 416.1 302.9 254.4 160.9 93.9 66.0 57.3 340 MACEDONIA, FYR (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUMMARY DEBT D AT.A TOTAL DEBT STOCKS (EDT) ....... 1,042 1,104 1,277 1,818 1,543 Long-term debt (LDOD) -- 914 927 1,078 1,481 1,317 Public and publicly guaranteed ...... 704 709 788 856 1,251 Private nonguaranteed ...... 210 218 289 625 67 Use of IMF credit -.- .. .4 21 57 68 88 Short-term debt ... -. . 124 156 143 269 137 of which interest arrears on LDOD ... .. . 108 138 143 183 3 Official creditors ... .20 30 26 19 0 Private Creditors ......89 108 117 164 3 MeMO: principal arrears on LDGD ...... 349 360 216 85 9 Official creditors ... .. . 265 234 24 7 3 Private creditors ......84 126 191 79 6 Memo: export credits ... .. .33 90 74 85 101 TOTAL DEBT FLOWS Disbursements .. .- .1 104 112 127 147 Long-term debt ... .. .1 86 75 113 122 IMF purchases ... .. .0 18 38 14 25 Principal repayments ... .- .12 121 20 27 50 Long-term debt ......5 119 19 26 50 IMF repurchases ......7 2 1 1 0 Net flows on debt ..- -. .5 -15 74 186 146 of which short-term debt .... 16 2 -18 85 48 Interest payments (TNT) -. -- 4 35 12 32 70 Long-term debt ... .. .3 33 9 25 62 IMF charges ... .. .1 1 2 3 3 Short-term debt ...I. .. 1 1 5 5 Net transfers on debt ... .. .0 -50 63 154 76 Total debt service paid (TDS) -.- .- .16 156 32 59 120 Long-term debt ... .- .8 152 28 50 112 IMF repurchases and charges ... .. .7 3 3 4 3 Short-term debt (interest only) ... .. .1 1 1 5 5 2.AU1REATENE Y RESOUIRCE FLOWS AND NET TRANSFERS, LONG-'ITRN' NET RESOURCE FLOWS -- - . - . -1 49 87 137 168 Net flow of long-term debt (ex. IMF) ... .. .-5 -33 56 87 73 Foreign direct investment (net) ... .. .0 24 14 8 15 Portfolio equity flows ... .. .0 0 0 0 0 Grants (excluding technical coop.) ... .- .3 58 18 42 81 Memo: technical coop. grants ... .. .0 0 16 19 14 official net resource flows ... .. .-1 40 73 129 160 private net resource flows ... .. .0 9 14 8 8 NET TRANSFERS ..- .. . -4 16 78 113 106 Interest onl long-termn debt ... .. .3 33 9 2.5 62 Profit remittances on FDI .*. .. .0 0 0 0 0 Memo: official net transfers ... .. .-4 7 64 105 100 private net transfers ... .. .0 9 14 8 6 3. MANJOR ECONOMIlC.AG(-RFGAUrEN Gross national product (GNP) ... .. . 1,895 1,872 2,001 2,102 2,187 Exports of goods & services (XGS) ... .. .. . 1,410 1,~347 1,369 of which workers remittances ... .. .. .0 0 0 Imports of goods & services (MOS) ... .. . 1,921 1,848 1,935 International reserves (RES) ... .. . 121 166 275 268 280 Current account balance ... .. . .. . 288 -276 4. DEBT INDICATORS EDT /XGS (% .. .. . 0.0 0.0 90.6 135.0 112.7 EDT /GNP (% .. .. . 55.0 58.9 63.8 86.5 70.5 TDS /XGS (% .. .. . 0.0 0.0 2.2 4.4 8.8 INT/,XGS (%) ... .. . 0.0 0.0 0.8 2.4 5.1 INT /GNP (%) ... .. . 0.2 1.9 0.6 1.5 3.2 RES /EDT (%) ... .. . 11.6 15.1 21.5 14.7 18.2 RES / MGS (mnonths) . .. .. 0.0 0.0 1.7 1.7 1.7 Short-term / EDT (91) ... .. . 11.9 14.2 11.2 14.8 8.9 Concessional / EDT (%) ... .. . 0.9 4.6 8.2 8.3 12.9 Multilateral / EDT (91) . .. . 21.7 20.3 22.6 19.2 26.0 341 MACEDONIA, FYR (US$ million, unless otherwise inidicated) 1970 1980- 1990 1991 1992 1993 1994 1995 1996 1997 5.LONG-TERMI DEBT DEBT OUTSTANDING (LDOD) .. . . . . 914 927 1,078 1,481 1,317 Public and publicly guaranteed .. . . . . 704 709 788 856 1,251 Official creditors 521 519 605 675 706 Multilateral 226 224 288 348 401 Concessional 0 42 84 125 175 Bilateral 295 295 317 326 305 Concessional 9 9 21 26 24 Private creditors 183 190 184 182 544 Bonds 0 0 0 0 0 Commercial baniks 104 107 103 99 539 Other private 80 82 81 82 6 Private nonguaranteed .. . . . . 210 218 289 625 67 Bonds 0 0 0 0 0 Commercial banks 210 218 289 625 67 Memo: IBRD 151 93 97 78 85 IDA 0 42 84 125 146 DISBURSEMENTS .. . . . .1 86 75 113 122 Public and publicly guaranteed . ... .1 86 75 113 113 Official creditors 1 86 74 112 113 Multilateral 1 86 74 97 106 Concessional 0 40 42 44 59 Bilateral 0 0 0 i5 7 Concessional 0 0 0 7 0 Private creditors 0 0 0 1 0 Bonds 0 0 0 0 0 Commercial banks 0 0 0 0 0 Other private 0 0 0 1 0 Private nonguaranteed .. . . . .0 0 0 0 10 Bonds 0 0 0 0 0 Commercial baniks 0 0 0 0 10 Memo: IBRD 1 40 20 2 19 IDA 0 40 42 44 29 PRINCIPAL REPAYMENTS .. . . . .5 119 19 26 5o Public and publicly guaranteed .. . . . .5 104 19 26 33 Official creditors 5 104 19 25 33 Multilateral 5 104 19 25 25 Concessional 0 0 0 0 0 Bilateral 0 0 0 0 8 Concessional 0 0 0 0 0 Private creditors 0 0 0I I Bonds 0 0 0 0 0 Commercial banks 0 0 0 1 0 Other private 0 0 0 0 1 Private nonguaranteed . ... ..0 15 0 0 16 Bonds 0 0 0 0 0 Commercial banks 0 15 0 0 16 Memo: IBRD 5 104 19 15 6 IDA 0 0 0 0 0 NET FLOWS ON DEBT .. . . . . -5 -33 56 87 73 Public and publicly guaraiiteed .. . . . . -5 -18 56 87 79 Official creditors -4 -18 55 87 80 Multilateral -4 -18 55 72 81 Concessional 0 40 42 44 59 Bilateral 0 0 0 15 -1 Concessional 0 0 0 7 0 Private creditors 0 0 0 0 -1 Bonds 0 0 000 Commercial banks 0 0 0 -1 0 Other private 0 0 0 1 -1 Private nonguaranteed ... ...0 -15 0 0 -7 Bonids 0 0 0 0 0 Commercial banks 0 -15 0 0 -7 Memo: IBRD -4 -64 1 -13 13 IDA 0 40 42 44 29 342 MACEDONIA, FYR (US$ million, iunless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 3 33 9 25 62 Public and publicly guaranteed 3 33 9 25 61 Official creditors ..3 33 9 24 61 Multilateral ..3 33 9 16 36 Concessional .. 0 0 0 1 1 Bilaterat .. 0 0 0 8 25 Concessional ..0 0 0 0 1 Private creditors ...0 0 0 1 0 Bonds ...0 0 0 0 0 Commercial banks ..0 0 0 0 0 Other private 0 0 0 0 0 Private nonguaranteed ... . 0 0 0 0 1 Bonds ...0 0 0 0 0 Commercial banks ..0 0 0 0 1 Memo: IBRD .... 3 32 8 6 6 IDA . .0 0 0 1 1 NET TRANSFERS ON DEBT .. . . -7 -67 46 63 11 Public and publicly guaranteed ... . -7 -52 46 63 19 Official creditors ..-7 -52 46 63 19 Multilateral .. -7 -52 46 57 46 Concessional ..0 40 41 43 58 Bilateral 0 0 0 7 -26 Concessional ..0 0 0 7 -1 Private creditors ..0 0 0 0 -1 Bonds ..0 0 0 0 0 Commercial banks 0 0 0 -1 0 Other private .. 0 0 0 1 -1 Private nonguaranteed . .. 0 -15 0 0 -8 Bonds ... .0 0 0 0 0 Commercial banks .... .0 -15 0 0 -8 Memo: IBRD ..-7 -96 -7 -19 7 IDA ..0 40 41 44 28 DEBT SERVICE (LTDS) ... . 8 152 28 50 112 Public and publicly guaranteed . .. . .. 8 137 28 50 94 Official creditors ... .8 137 28 49 93 Multilateral ..8 137 28 40 60 Concessional ..0 0 0 1 1 Bilateral 0 0 0 9 33 Concessional 0 0 0 0 1 Private creditors 0 0 0 2 1 Bonds ..0 0 0 0 0 Commercial banks ...0 0 0 1 0 Other private ..0 0 0 0 1 Private nonguaranteed . . 0 15 0 0 18 Bonds ..0 0 0 0 0 Commercial banks ... .. .0 15 0 0 18 Memo: fBRD ... .. .8 136 27 21 12 IDA ... .. .0 0 0 1 1 UNDISBURSED DEBT .. . .29 45 176 118 123 Official creditors ... .. .29 45 169 112 118 Private creditors ... .. .0 0 7 6 5 Memorandum items Concessional LDOD ... .. .9 51 105 151 199 Variable rate LDOD ...... 459 509 571 961 799 Public sector LDOD ...... 697 705 785 849 1,240 Private sector LDOD ...... 217 222 293 632 77 6. CU'RRENCCV(OMlPOSl i(ION OF LONG-rERM~ DER li IPERt'ENTi Deutsche mark ... .. . 4.4 5.7 13.9 13.6 10.6 French franc ... .. .0.5 0.6 5.9 5.1 2.8 Japanese yen ... .. .6.1 6.7 6.5 4.4 0.3 Pound sterling ... .. .1.3 1.3 1.1 1.4 0.2 Swiss franc ... .. .0.8 0.9 0.9 5.6 3.4 U.S.dollars ... .. . 57.6 63.2 49.7 51.0 70.4 Multiple currency ... .. . 29.1 21.3 20.2 15.8 8.3 Special drawing rights ... .. .0.1 0.1 0.1 0.1 0.0 All other currencies ... .. .0.1 0.1 1.8 3.1 4.0 343 MACEDONIA, FYR (US mllon,utles ohewie idiatd) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBrF RLtI RU'(T'. RINCIS Total amount rescheduled ..0 0 256 73 538 Debt stock rescheduled ... .0 0 0 0 423 Principal rescheduled 0 0 242 64 39 Official ...0 0 235 64 0 Private ...0 0 70 39 interest rescheduled ..0 0 14 9 76 Official ...0 0 13 9 0 Private ,.. .0 0 1 0 76 Debt forgiven ... .0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 Debt stock reduction ...0 0 0 0 129 of which debt buyback ... .0 0 0 0 0 S. DEBI' 1.I_0tK-FL0W REU.OINCILIAI I0% Total change in debt stocks ...62 174 541 -276 Net flows on debt ..-15 74 186 146 Net change in interest arrears ...30 4 41 -180 Interest capitalized ... .0 14 9 76 Debt forgiveness or reduction ..0 0 0 -129 Cross-currency valuation ..-15 13 -44 -53 Residual ... .62 68 350 -135 ALL CREDITORS Interest (%) ... .. .6.8 4.2 3.7 3.6 2.7 Matority (years) ... .. . 15.6 25.1 23.2 20.2 2-4.1 Grace peIriod (years) ... .. . 3.6 6.9 6.8 5.9 8.2 Grant elemnent (% .. . .. 17.3 44.2 46.8 43.8 54.6 Official creditors Interest (%) ... .. .6.8 4.2 3.8 3.6 2.7 MatuTity (yeats) ... .. . 15.6 25.1 23.0 20.5 24.1 Grace period (years) ... .. . 3.6 6.9 6.7 6.0 8.2 Grant elemnent (%) ... .. . 17.3 44.2 46.2 44.5 54.6 Private creditors Interest (%) ... .. . 0.0 0.0 2.3 6.7 0.0 Maturity (years) ... .. . 0.0 0.0 29.7 3.0 0.0 Grace period (years) . .. .. 0.0 0.0 10.9 0.3 0.0 Grant element (%) ... .. . 0.0 0.0 64.1 4.8 0.0 Memorandum items Commitments ... .. .28 101 206 62 140 Official creditors ... .. .28 101 199 61 140 Private creditors . .. .. 0 0 7 1 0 Ill. CO\-lI.R(ACrTUAL OBI-I;.A lONS ON OLIN.%I NDING LON(i- I-ERMI DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 44 22 16 12 10 7 5 3 2 1 Principal 71 57 59 65 93 90 79 75 81 82 Interest 110 106 102 99 94 86 77 69 61 53 Ofricial creditors Disbursements 41 21 15 12 10 7 5 3 2 1 Principal 47 51 54 60 53 48 41 35 37 38 Interest 35 33 30 26 23 20 18 16 14 12 Bilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 21 26 29 30 26 21 20 20 20 20 Interest 18 16 14 13 11 10 8 7 6 5 Multilateral creditors Disbursements 41 21 15 12 10 7 5 3 2 1 Principal 26 24 25 30 26 28 21 15 17 18 Interest 17 16 15 14 12 1 1 9 9 8 7 Private creditors Disbursements 3 1 1 0 0 0 0 0 0 0 Principal 24 7 5 5 40 42 39 40 44 44 Interest 75 73 73 73 71 66 59 53 47 41 Commercial banks Disbursements 3 1 1 0 0 0 0 0 0 0 Prinicipal 0 0 0 0 35 37 37 37 42 42 Initerest 71 71 71 71 70 64 59 53 47 41 Other private Disbursements 0 0 0 0 0 0 0 0 00 Principal 24 7 5 5 5 5 2 2 2 2 tnterest 4 2 1 1 1 1 0 0 0 0 344 NMADAGASCAR (US$ milliont, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUIMNLRY [)EBT D ATA TOTAL DEBT STOCKS (EDT) .. 1,250 3,701 3,908 3,911 3,805 4,097 4,322 4,145 4,105 Long-term debt (LDOD) 485 920 3,335 3,519 3,469 3,316 3,537 3,706 3,552 3,871 Public and publicly guaranteed 485 920 3,335 3.519 3,469 3,316 3,537 3,706 3,552 3,871 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 87 144 127 106 92 86 73 73 69 Short-term debt .. 244 223 263 336 397 474 544 520 164 of which interest attcars on EDOD ..6 123 177 261 332 426 488 501 153 Official creditors ..2 113 165 248 318 410 470 482 138 Private creditors ..4 10 13 13 14 17 18 20 15 Memo: principal arrears on LDOD .. 11 266 384 587 743 976 1,197 1.262 597 Official creditors ..6 245 358 553 705 931 1,145 1,209 571 Private creditors ..5 21 26 34 38 45 53 53 27 Memo: export credits .. 795 777 926 730 734 686 708 645 TOTAL DEBT FLOWS Disbursements 54 444 231 217 117 123 82 90 156 334 Long-term debt 54 375 214 200 117 123 82 90 137 316 IMF purchases 0 70 17 18 0 0 0 0 20 1 9 Principal repayments 45 48 121 84 56 48 43 38 60 118 Long-term debt 45 46 70 49 40 34 31 24 43 100 IMF repurchases 0 2 51 34 16 14 12 15 17 18 Net flows on debt 9 397 194 119 50 65 22 59 60 208 of which short-term debt ... 83 -14 -10 -10 -17 7 -36 -8 Interest payments (INT). 57 102 77 40 30 22 20 23 94 Long-term debt 16 27 85 66 34 26 19 16 18 93 IMF charges 0 1 10 6 3 2 1 1 1 0 Short-term debt . 29 7 5 3 3 2 3 4 1 Net transfers on debt .. 340 92 42 10 35 0 39 37 114 Total debt service paid (TDS) .. 104 223 161 96 78 65 58 83 212 Long-term debt 61 72 155 115 74 60 50 40 62 193 IMF repurchases and charges 0 3 61 40 19 16 13 15 17 18 Short-term debt (interest onlyl) .. 29 7 5 3 3 2 3 4 1 2. AGGREU.kTF. NET RESOU RCE FLOWS ANID NET `TRANSFERs iLONG-TERM%l NET RESOURCE FLOW'S 39 358 514 424 301 302 225 240 306 792 Net flow of long-term debt (ex. IMF) 9 329 144 150 77 89 5 1 66 93 216 Foreign direct investment (net) 10 -1 22 14 21 15 6 10 10 14 Pontfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 20 30 348 260 203 198 168 164 202 562 Memo: technical coop. grants 21 5 1 85 82 88 100 105 126 120 116 official net resource flows 30 219 507 421 288 295 224 235 300 779 private net resource flows 9 139 7 3 13 7 1 6 5 13 NET TRANSFERS 18 330 428 357 266 276 204 222 284 695 Interest on long-term debt 16 27 85 66 34 26 19 16 18 93 Profit remittances on FDl 5 1 1 2 1 1 2 2 3 4 Memo: official net transfers 14 211 435 362 257 271 206 219 284 687 private net transfers 4 119 -7 -5 8 5 -2 3 1 8 3. NMAJOR ECONOMIC1 A%GGRIAGATE-N Gross national product (GNP) 1,075 3.996 2,936 2,483 2,853 3,224 2,827 2,993 3,837 3,442 Exports of goods & services (XGS) 5.n19 490 497 518 536 669 765 815 786 of which workers remittances ..0 5 9 12 12 11 9 6 6 Imports of goods & services (MGS) .. 1,121 985 845 884 970 1,032 1,161 1,171 1,174 International reserves (RES) . .. .. .. Current account balance .. -556 -265 -230 -198 -258 -277 -276 -153 4. DEBT INDICA[ORS EDT / XGS (% . 241.0 755.5 787.0 754.5 709.4 612.2 564.8 508.7 522.2 EDT / GNP (% . 31.3 126.1 157.4 137.1 118.0 144.9 144.4 108.0 119.2 TDS/ XGS (9) .. 20.1 45.5 32.4 18.6 14.6 9.8 7.6 10.2 27.0 INT / XG S ().. 10.9 20.8 15.5 7.7 5.6 3.3 2.6 2.8 12.0 INTT GNP ().. 1.4 3.5 3.1 1.4 0.9 0.8 0.7 0.6 2.7 RES/EDT (1 .. .. .. .. RES /MGS (months)............ Short-term / EDt19). 19.5 6.0 6.7 8.6 10.4 11.6 12.6 12.6 4.0 Concessional / EDT (91) .. 37.5 46.6 49.7 50.1 51.3 51.7 51.9 51.4 65.3 Multilateral / EDT (91) .. 14.6 33.3 35.5 35.8 38.7 38.9 39.1 38.7 40.5 345 MADAGASCAR (US$ millioni, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONN6-UERM1 LW Ii DEBT OUTSTANDING (LDOD) 485 920 3,335 3,519 3,469 3,316 3,537 3,706 3,552 3,871 Public and publicly guaranteed 485 920 3,335 3,519 3,469 3,316 3,537 3,706 3,552 3,871 Official creditors 484 574 3,195 3,394 3,357 3 '229 3,451 3,622 3,475 3,826 Multilateral 42 182 1,231 1.387 1,400 1,472 1,596 1,690 1,604 1,661 Concessional 10 148 1,075 1,230 1,251 1,323 1,440 1,536 1,452 1,560 Bilateral 443 392 1,964 2,007 1,957 1,757 1,855 1.931 1,871 2,166 Concessional 442 321 648 714 707 630 678 706 680 1,119 Private creditors 1 346 140 125 112 87 86 84 77 45 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 134 38 35 30 29 28 28 25 24 Other private 1 212 102 89 82 59 58 56 5 1 21 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 00 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo-. IBRD 2 30 26 23 20 17 14 12 7 3 IDA 10 122 770 881 887 932 1,~021 1,110 1,147 1,212 DISBURSEMENTS 54 375 214 200 117 123 82 90 137 316 Public and publicly guaranteed 54 375 214 200 117 123 82 90 137 316 Official creditors 54 212 213 200 117 123 82 89 136 316 Multilateral 6 42 136 166 82 95 75 78 108 210 Concessional 5 38 120 153 70 77 66 78 91 208 Bilateral 48 170 77 34 34 29 8 1 1 28 105 Concessional 48 115 77 33 32 27 6 10 25 6 Private creditors 0 163 1 0 0 0 0 1 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 62 0 0 0 0 0 0 0 0 Othcr private 0 101 1 0 0 0 0 1 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Cominercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 2 0 0 0 0 0 0 0 0 IDA 5 25 64 106 37 47 60 76 78 130 PRINCIPAL REPAYMENTS 45 46 70 49 40 34 31 24 43 100 Public and publicly guaranteed 45 46 70 49 40 34 31 24 43 100 Official creditors 45 23 53 39 32 26 26 19 38 99 Multilateral 3 1 19 20 20 22 22 18 36 65 Concessional 0 0 9 10 9 9 9 9 20 25 Bilateral 41 22 35 19 12 4 4 1 2 34 Concessional 41 21 9 2 12 3 4 1 1 30 Private creditors 1 23 16 11 8 8 5 5 5 2 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 12 11 3 2 1 1 1 2 1 Other private 1 12 6 8 6 7 4 4 3 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 3 3 3 3 3 4 4 4 IDA 0 0 3 3 4 5 6 7 9 10 NET FLOWS ON DEBT 9 329 144 150 77 89 51 66 93 216 Public and publicly guaranteed 9 329 144 150 77 89 51 66 93 216 Official creditors 10 189 159 161 85 97 56 70 98 217 Multilateral 3 41 117 146 63 73 52 60 72 145 Concessional 5 38 III 143 62 68 58 69 71 183 Bilateral 7 148 42 15 22 24 4 10 26 72 Concessional 7 94 68 31 20 25 2 10 24 -24 Private creditors -1 140 -15 -11 -8 -8 -5 -4 -5 -1 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 50 -10 -3 -2 -1 -1 -1 -2 -1 Other private -1 89 -5 -8 -6 -7 -4 -3 -3 -1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 1 -3 -3 -3 -3 -3 -4 -4 -4 IDA 5 25 61 103 33 42 54 69 69 120 346 MADAGASCAR (US5$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 16 27 85 66 34 26 19 16 18 93 Public and publicly guaranteed 16 27 85 66 34 26 19 16 18 93 Official creditors 16 8 72 59 30 24 18 15 17 93 Multilateral 1 4 181 19 18 20 15 12 15 42 Concessional 0 1 7 8 9 10 8 9 11 16 Bilatcral 15 4 54 41 12 4 4 4 2 51 Concessional 15 4 11 10 10 4 3 3 26 Private creditors 0 19 13 7 3 1 1 1 20 Bonids 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 9 10 4 2 0 0 0 1 0 Other private 0 10 3 3 2 1 1 0 00 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Miemo: IBRD 0 2 2 2 2 1 1 1 10 IDA 0 1 5 6 7 7 7 8 9 9 NET TRANSFERS ON DEBT -7 302 59 84 43 64 32 50 75 123 Public and publicly guaranteed -7 302 59 84 43 64 32 50 75 123 Official creditors -7 181 87 102 54 73 38 55 81 124 Multilateral 2 37 99 128 45 53 38 48 57 103 Concessional 5 37 104 135 53 57 50 60 61 167 Bilateral -9 144 -12 -26 10 20 0 7 24 21 Concessional -9 90 57 21 10 21 -1 7 23 -50 Private creditors -1 121 -28 -17 -12 -9 -6 -5 -6 -2 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 42 -21 -6 -4 -2 -2 -1 -3 -1 Other private -1 79 -8 -11 -8 -8 -4 -4 -3 -1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 00 Commercial banks 0 0 0 0 0 0 0 0 00 Memo: IBRD 1 -1 -5 -5 -4 -4 -5 -5 -5 -4 IDA 5 24 56 97 26 35 46 62 60 III DEBT SERVICE (LTDS) 61 72 155 115 74 60 50 40 62 193 Public and publicly guaranteed 61 72 155 115 74 60 50 40 62 193 Official creditors 61 31 125 98 62 50 44 34 55 191 Multilateral 4 4 37 38 38 42 37 30 51 107 Concessional 0 1 16 18 18 20 17 18 31 41 Bilateral 56 26 89 60 24 9 7 5 4 84 Concessional 56 24 20 12 22 6 7 3 2 56 Private creditors 1 42 29 17 12 9 6 6 7 2 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 20 21 6 4 2 2 1 3 1 Other private 1 22 9 11 8 8 4 5 3 1 Private nonguaranteed 0 0 00 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Miemo: IBRD 0 3 5 5 4 4 5 5 5 4 IDA 0 1 8 9 10 12 13 15 18 19 UNDISBURSED DEBT 186 713 889 765 705 662 655 636 528 477 Official creditors 177 472 889 765 705 660 653 636 528 477 Private creditors 10 241 0 0 02 2 1 00 Memorandum items Concessional LDOD 452 469 1,723 1,944 1,958 1,952 2,118 2,242 2,132 2,679 Variable rate LDOD 0 74 337 335 314 259 274 292 280 240 Public sector LDOO 483 906 3,259 3,427 3,360 3,207 3,418 3,573 3,404 3,742 Private sector LDOD 2 14 76 91 110 109 118 133 148 130 b. CLURRFNCI ( t,%)NIt)ITION OF LO\G.-TF-RX'I DEBT1 'PFRC'ENFi Deutsche mark 2.3 5.0 3.3 3.2 3.0 3.1 3.3 3.3 3.0 1.8 French franc 88.3 12. 7 15.7 15.4 15.2 11.4 11.9 12.6 12.9 13.4 Japanese yen 0.0 7.3 7.3 7.4 7.3 8.4 8.8 8.1 7.5 7.5 Pouind sterling 0.0 11.1 111 0.1 0.1 0.1 0.1 0.1 0.1 0. Swiss franc 0.0 0.6 1.4 1.2 1.1 1.1 1.2 1.3 1.1 1.1 U.Sdollars 9.1 53.5 42.3 43.1 43.7 44.7 44.3 44.8 47.9 49.0 Multiple currency 0.3 4.0 8.6 8.7 9.3 10.5 10.5 10.1 10.0 9.1 Special drawing rights 0.0 0.0 3.2 3.1 3.1 3.3 3.3 3.2 3.2 2.7 All other currencies 0.0 16.8 18.1, 17.8 17.3 17.5 16.8 16.5 14.3 15.2 347 MIADAGASCAR (US$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DIBi_ REiS r'RL i' 1 RIN(;s Total amount rescheduled 0 0 88 82 0 0 0 0 0 970 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 65 54 0 0 0 0 0 579 Official 0 0 49 49 0 0 0 0 0 551 Private 0 0 16 5 0 0 0 00 28 Initerest rescheduled 0 0 16 16 0 0 0 0 0 251 Official 0 0 14 16 0 0 0 0 0 245 Private 0 0 2 0 0 0 0 0 0 6 Debt forgiven 185 3 11 207 0 0 0 48 Memo: interest forgiven 0 0 0 18 0 0 0 17 Debt stocktreduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8. L)EBI I(ro. K- l.O% RE.CONC.(ILIATION Total change in debt stocks .. 270 207 3 -107 292 226 -177 -41 Net flows on debt . . 194 119 50 65 22 59 60 208 Net change in interest arrears ... 16 54 84 70 95 62 13 -348 Interest capitalized ... 16 16 0 0 0 0 0 251 Debt forgiveness or reduction ... -185 -3 -11 -207 0 0 0 -48 Cross-currency valuation ... 177 7 -72 -16 130 71 -91 -149 Residual ... 53 14 -48 -19 45 34 -158 45 9. A %b R(.V. U rR\IS~ OF NE%% 0\1%1MM IrFN'IS ALL CREDITORS interest (%) 2.3 5.7 1.1 t.7 t.6 1.2 0.9 L.0 0.7 2.7 Maturity (years) 39.0 18.2 36.2 34.3 36.2 36.9 37.8 36.8 37.6 36.3 Grace period (years) 9.2 4.6 9.7 9.0 8.9 8.7 9.7 9.6 10.0 9.4 Grant element I%) 65.4 27.5 74.8 69.0 69.4 73.6 76.9 75.3 79.6 62.4 Official creditors Interest (11) 1.4 3.7 1.1 1.7 1.6 L.2 0.9 1.0 0.7 2.7 Maturity (years) 44.6 28.1 36.3 34.3 36.2 37.1 37.8 36.8 37.6 36.3 Grace period (years) 10.4 6.1 9.7 9.0 8.9 8.8 9.7 9.6 10.0 9.4 Grant element (%) 75.3 46.5 75.1 69.0 69.4 73.9 76.9 75.3 79.6 62.4 Private creditors Interest (%) 6.5 7.4 5.0 0.0 0.0 2.8 0.0 0.0 0.0 0.0 Maturity (years) 10.5 9.7 5.1 0.0 0.0 25.4 0.0 0.0 0.0 0.0 Grace p eriod (years) 2.8 3.3 1.1 0.0 0.0 5.9 0.0 0.0 0.0 0.0 Grant element (%) 14.8 11.3 12.4 0.0 0.0 53.1 0.0 0.0 0.0 0.0 Memorandum items Commitments 22 468 211 84 92 150 78 80 66 326 Official creditors 19 215 210 84 92 148 78 80 66 326 Private creditors 4 252 1 0 0 2 0 0 0 0 II). I ON-IR.AC TU kL OIIL IC ATIONS ON 0115 TTA\IDIN(, LONG~-TERNI DE BI 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTA-L Disbursements 139 129 90 58 33 15 9 2 1 0 Ptincipal 68 84 l18 118 110 100 90 82 86 91 Interest 75 79 87 83 79 75 73 70 68 66 Official creditors Disbursements 139 129 90 58 33 15 9 2 1 0 Principal 65 81 115 114 108 99 89 82 86 91 Interest 74 78 86 83 79 75 73 70 68 66 Bilateral creditors Disbursements 12 9 6 4 2 1 1 1 1 0 Principal 24 37 69 66 60 50 43 37 38 39 Interest 56 60 69 66 63 60 58 57 55 53 Multilateral creditors Disbursements 128 119 84 55 31 14 8 1 0 0 Principal 42 45 47 48 48 49 47 45 48 52 Interest 18 18 17 17 1 6 15 14 14 13 13 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 3 3 3 3 2 0 0 0 0 0 Interest 1 1 1 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 3 3 3 3 1 0 0 0 0 0 Interest 1 1 1 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 00 0 0 Principal 1 0 0 0 0 0 0 0 0 0 Ineteest 0 0 0 0 0 0 0 0 0 0 348 MALAWI (US$ million, uinless otherwise inzdicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SULINIMARX DEBT D-kI'-% TOTAL DEBT STOCKS (EDT) 830 1,558 1,665 1,709 1,826 2,025 2,242 2,312 2,206 Long-term debt (LDOD) 135 634 1,385 1,520 1,568 1,730 1,900 2,083 2,092 2,073 Public and publiclv guaranteed 135 634 1,382 1,518 1,568 1,730 1,900 2,083 2,092 2,073 Private nonguaranteed 0 0 3 3 0 0 0 0 0 0 Use of IMF credit 0 80 115 115 92 86 112 116 119 106 Short-term debt 116 58 30 49 if 12 44 100 27 of which interest arrears on LDOD 3 6 2 2 2 2 1 5 7 Official creditors 2 4 2 2 2 2 1 4 6 Private creditors 1 2 0 0 0 1 1 1 1 Memo: principal arrearS on LDOD ..1 19 4 3 7 14 7 15 21 Official creditors ..1 12 3 3 5 9 3 8 12 Private creditors 0 7 1 1 1 4 4 7 10 Memo: export credits 94 87 97 88 96 101 86 48 TOTAL DEBT FLOWS Disbursements 54 190 161 203 158 194 147 227 180 151 Long-term debt 53 153 136 183 158 194 121 215 158 140 IMFEpurchases 1 37 25 20 0 0 26 12 22 1 1 Principal repavments 3 35 86 83 72 49 53 76 56 51 Long-term debt 3 33 67 62 52 44 47 66 41 34 IMF repurchases 0 1 19 21 19 6 6 10 15 17 Net flows on debt 51 156 88 96 106 107 95 183 178 25 of which short-term debt 13 -24 19 -38 1 32 53 -75 Interest payments (INT) 53 47 46 37 29 27 43 33 27 Long-term debt 4 35 36 38 31 27 26 39 28 23 IMFcliarges 0 2 6 5 2 1 1 1 1 1 Short-term debt .. 16 4 4 4 1 1 3 4 3 Net transfers on debt .. 103 41 49 69 78 69 140 145 -2 Total debt service paid (TDS) .. 87 133 130 108 78 80 118 89 78 Long-term debt 6 68 103 100 83 71 73 105 68 57 IMF repurchases and charges 0 3 25 25 21 7 6 11 16 18 Short-term debt (interest only) .. 16 4 4 4 1 1 3 4 3 2. AGGREG 1TF NET RE.%0U;RC'E Fl 0% S AND) NET YRANSFERS iLONG-TERNI I NET RESOURCE FLOWS 66 178 296 362 441 353 305 410 324 222 Net flow of long-term debt (ex. IMF) 50 120 69 120 106 151 74 149 117 106 Foreign direct investment (net) 9 10 0 0 0 0 1 1 1 2 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 7 49 227 242 335 203 231 260 206 114 Memo: technical coop. grants 9 36 113 145 103 110 67 89 87 100 official net resource flows 55 148 294 372 443 365 308 432 327 221 private net resource flows 10 30 2 -10 -2 -12 -2 -22 -3 1 NET TRANSFERS 54 134 260 324 410 326 280 371 297 200 Interest on long-term debt 4 35 36 38 3 1 27 26 39 28 23 Profit remittaDCeS on FDI 8 9 0 0 0 0 0 0 0 0 Memo: official net transfers 53 139 264 341 416 340 284 397 302 199 private net transfers 1 -4 -4 -17 -6 -14 -5 -25 -5 1 3. M1AJOR ECONOMIIC .%GGREG ATES Gross national product (GNP) 283 1,138 1,760 2,157 1,761 2,029 1,130 1.417 2,231 2,478 Exports of goods & services (XGS) .. 315 452 521 435 350 387 427 525 628 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 638 638 865 837 671 961 599 773 926 International reserves (RES) .. 76 142 158 44 62 48 115 231 166 Current account balance .. 260 -86 -228 -285 -166 -450 4. DEBI- INDICA%TORS EDT XGS(% . 263.7 344.4 319.3 393.1 522.4 523.8 525.1 440.3 351.3 EDT /GNP (% . 72.9 88.6 77.2 97.1 90.0 179.2 158.2 103.6 89.0 1TDS XGS (% . 27.8 29.3 24.9 24.9 22.4 20.6 27.7 16.9 12.4 INT / XGS (% . 16.8 10.3 8.9 8.4 8.2 6.9 10.0 6.3 4.3 INT / GNP (% . 4.7 2.7 2.2 2.1 1.4 2.4 3.0 1.5 1.1 RES /EDT (% . 9.2 9.1 9.5 2.6 3.4 2.4 5.1 10.0 7.5 RES /MGS (months) .. 1.4 2.7 2.2 0.6 1.1 0.6 2.3 3.6 2.2 Short-term /EDT (%) .. 14.0 3.7 1.8 2.9 0.6 0.6 1.9 4.3 1.2 Concessional / EDT (% . 31.1 67.5 73.7 76.7 82.2 83.0 84.6 84.0 88.2 Multilateral / EDT {%) .. 26.4 69.8 73.4 75.5 79.6 79.1 76.3 76.5 81.2 349 NMAIAWI (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-lE R.M DEBIT DEBT OUTSTANDING (LDOD) 135 634 1,385 1,520 1,568 1,730 1,900 2,083 2,092 2,073 Public and publicly guaranteed 135 634 1,382 1,518 1,568 1,730 1,900 2,083 2,092 2,073 Official creditors 116 442 1,305 1,451 1,504 1,679 1,851 2,055 2,068 2.052 Multilateral 17 219 1,088 1,223 1,290 1,453 1,601 1,712 1,770 1,791 Concessional 17 147 902 1,044 1,129 1,305 1,460 1,577 1,661 1,702 Bilateral 99 223 217 229 214 226 250 343 299 261 Concessional 62 ill 149 183 181 197 221 321 281 245 Private creditors 20 192 78 66 64 50 49 28 24 21 Bonds 16 2 0 0 0 0 0 0 0 0 Commnercial banks 1 153 35 35 27 19 1 1 0 0 0 Other private 3 38 42 31 37 32 39 28 24 21 Private nonguaranteed 0 0 3 3 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 3 3 0 0 0 0 0 0 Memjo: IBRD 0 26 91 85 74 67 65 55 42 34 IDA 17 131 764 866 919 1,062 1,160 1,251 1,346 1,375 DISBURSEMENTS 53 153 136 183 158 194 121 215 158 140 Public and publicly guaranteed 53 153 136 183 158 194 121 215 158 140 Official creditors 50 105 129 181 144 193 ill 215 158 140 Multilateral 10 49 118 144 136 187 104 97 158 140 Concessional 10 28 109 135 129 181 101 93 157 138 Bilateral 40 56 10 37 8 6 6 118 0 0 Concessional 19 18 10 37 8 6 6 118 0 0 Privatc crcditors 3 48 7 1 14 1 10 0 0 0 Bonds 0 0 0 0 0 0 0 0 00 Commercial banks 0 39 0 0 0 0 0 0 0 0 Other private 3 9 7 1 14 1 10 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 8 2 1 0 0 0 0 0 0 IDA 10 15 99 98 86 146 59 73 141 107 PRINCIPAIL REPAYMENTS 3 33 67 62 52 44 47 66 41 34 Public and publicly guaranteed 3 33 65 62 50 44 47 66 41 34 Official creditors 2 5 61 51 36 30 33 43 37 33 Multilateral 0 2 20 20 22 22 29 29 26 24 Concessional 0 1 3 4 4 6 7 9 11 12 Bilateral 2 4 41 31 15 8 5 14 10 9 Conceasional 1 1 4 10 6 4 3 7 7 9 Private creditors 1 28 4 11 14 13 14 23 4 1 Bonds 1 I 0 0 0 0 0 0 0 0 Commercial banks 0 21 0 0 9 8 8 1 1 0 0 Other privato 0 6 4 1 1 5 5 6 1 2 4 1 Private nonguaranteed 0 0 1 0 3 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 1 0 3 0 0 0 0 0 Memo: IBRD 0 0 8 8 9 9 7 12 9 6 IDA 0 1 3 3 4 4 6 7 9 9 NET FLOWS ON DEBT 50 120 69 120 106 151 74 149 117 106 Public and publicly guaranteed 50 120 70 120 109 151 74 149 117 106 Official creditors 48 100 68 130 108 163 77 172 121 107 Multilateral 10 48 98 124 115 165 76 69 132 117 Concessional 1 0 27 106 132 125 175 93 84 146 126 Bilateral 39 52 -31 6 -7 -2 1 104 -10 -9 Concessional 19 17 6 27 2 2 3 ill -7 -9 Private creditors 2 20 3 -10 1 -12 -3 -23 -4 -1 Bonds -1 -1 0 0 0 0 0 0 0 0 Commnercial banks 0 18 0 0 -9 -8 -8 -11 0 0 Other private 3 4 3 -10 9 -4 5 -12 -4 -1 Private nonguaranteed 0 0 -1 0 -3 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 -1 0 -3 0 0 0 0 0 Memo: IBRD 0 8 -6 -7 -9 -9 -7 -12 -9 -6 IDA 10 14 96 95 82 142 53 66 133 98 350 MLALAWI (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 4 35 36 38 31 27 26 39 28 23 Public and publicly guaranteed 4 35 36 38 31 27 26 39 28 23 Official creditors 2 10 31 31 27 25 23 35 25 22 Multilateral 0 3 19 20 20 20 19 25 19 17 Concessional 0 1 6 7 8 9 11 12 12 12 Bilateral 2 7 12 11 7 6 4 10 6 5 Concessional 1 3 3 5 3 4 3 7 5 4 Private creditors 1 25 6 7 4 2 2 4 2 1 Bonds 1 0 0 0 0 0 0 0 0 0 Commercial banks 0 22 3 3 2 1 0 1 0 0 Other private 0 2 2 4 2 2 2 3 2 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 1 8 8 7 6 4 7 4 2 IDA 0 1 5 6 6 8 8 9 10 10 NET TRANSFERS ON DEBT 47 85 33 82 75 123 48 I11 90 84 Public and publicly guaranteed 47 85 34 82 78 123 48 ill 90 84 Official creditors 46 90 37 99 81 138 54 137 96 85 Multilateral 10 45 79 104 95 145 57 44 112 99 Concessional 10 26 100 125 117 166 83 72 134 114 Bilateral 37 45 -42 -4 -13 -8 -3 94 -17 -14 Concessional 18 14 3 21 -2 -1 1 104 -12 -13 Private creditors 0 -5 -3 -17 -3 -14 -6 -26 -6 -l Bonds -2 -1 0 0 0 0 0 0 0 0 Commercial banks 0 -5 -3 -3 -11 -9 -9 -11 0 0 Other private 2 1 1 -14 7 -6 3 -15 -6 - I Private nonguaranteed 0 0 -2 0 -3 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 -2 0 -3 0 0 0 0 0 Memo: IBRD 0 6 -13 -14 -16 -15 -11 -18 -13 -8 IDA 10 1 3 91 90 76 134 45 57 123 89 DEBT SERVICE (LTDS) 6 68 103 100 83 71 73 105 68 57 Public and publicly guaranteed 6 68 102 100 81 71 73 105 68 57 Official creditors 4 15 92 82 63 55 57 78 62 55 Multilateral 0 5 39 41 42 42 48 54 45 41 Concessional 0 2 9 11 12 15 18 21 23 24 Bilateral 4 I1 53 41 21 14 9 24 17 14 Concessional 1 4 7 16 9 8 6 14 12 13 Private creditors 3 53 10 19 18 16 16 26 6 1 Bonds 2 1 0 0 0 0 0 0 0 0 Commnercial banks 0 44 3 3 11 9 9 11 0 0 Other private 1 8 7 16 7 7 7 15 6 1 Private nonguaranteed 0 0 2 0 3 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 2 0 3 0 0 0 00 Memo: IBRD 0 1 16 16 16 15 1 1 18 13 8 IDA 0 2 8 9 10 12 14 16 18 18 UNDISBURSED DEBT 39 162 579 645 678 631 701 579 604 507 Official creditors 39 152 567 622 670 621 701 579 602 502 Private creditors 0 10 12 23 8 11 0 0 3 5 Memorandum itemns Concessional LDOD 78 258 1,051 1,227 1,311 1,502 1,681 1,897 1,942 1,946 Variable rate LDOD 0 145 51 51 38 29 20 9 8 6 Public sector LDOD 135 585 1,372 1,509 1,561 1,724 1,896 2,079 2,089 2,070 Private sector LDOD 0 49 13 11 7 5 4 4 3 3 6.CLURRELNC' ((I CO POSlTU)N OF LON(G-TE'RNI DEBT 'PERC ENFri Deutsche mark 4.1 2.5 0.7 0.4 0.3 0.2 0.1 0.3 0.3 0.2 French franic 0.0 1.2 2.0 1.7 2.2 1.7 1.5 1.2 1.0 0.8 Japanese yen 0.0 4.1 9.3 10.3 9.7 9.7 9.8 12.3 10.6 9.3 Pound sterling 56.2 17.4 16.7 13.8 12.2 10.8 10.0 9.0 8.5 8.2 Swiss franc 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 U.S.dollars 12.9 46.5 46.9 49.3 49.2 47.8 48.0 47.4 51.8 54.3 Multiple currency 0.0 12.4 21.9 22.1 22.1 21.2 22.0 20.4 18.7 18.6 Special drawing rights 0.0 0.0 0.0 0.0 2.0 6.7 6.8 6.6 6.5 6.3 All other currencies 26.7 15.9 2.5 2.4 2.2 1.8 1.7 2.8 2.5 2.1 351 MALAWI (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 '.DF RI I lESrRL TUlRIN(;S Total amount rescheduled (10 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0I 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 00 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven ... 51 2 0 0 0 0 0 0 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 .N. DIB-8 sT.kCK-1- I(P RE(- 0N( IIJA-I 11T Total change in debt stocks ... 148 10!7 44 117 199 217 69 -106 Net flows on debt . . 88 96 106 107 95 183 178 25 N61 change in interest arrears ...-2 -5 0 0 1 -1 4 2 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ... -51 -2 0 0 0 0 0 0 Cross-currency valuation ... 65 3 -47 10 49 -1 -25 -45 Residual ... 49 15 -15 1 54 36 -87 -88 9..A%E R-A(,E r'ERMIS OF NF%.' (olmm [r.IF rT ALL CREDITORS Interest (%) 3.8 6.0 1.3 2.8 0.8 1.6 1.8 1.0 1.2 0.8 Maturity (years) 29.4 23.6 35.9 34.1 39.6 35.2 27.7 38.6 37.6 46.9 Grace period (years) 6.0 5.9 9.1 8.7 10.1 9.0 6.7 9.6 9.8 9.9 Granit element (%) 47.1 32.4 73.4 60.6 80.5 70.5 60.2 78.2 75.9 81.3 Ofricial creditors Interest (%) 3.1 4.0 1.1 2.4 0.8 1.3 1.8 1.0 1.1 0.7 Maturity (years) 35.3 28.6 36.5 35.6 39.6 36.7 27.7 38.6 38.0 47.8 Grace period (years) 7.6 6.9 9.3 9.0 10.1 9.4 6.7 9.6 9.9 10.1 Grant element (%) 56.9 44.9 75.0 64.0 80.5 73.7 60.2 78.2 76.8 83.0 Private creditors Interest (%) 6.5 13.2 8.6 11.6 0.0 7.7 0.0 0.0 9.2 5.5 Maturity (years) 8.4 5.7 11.9 5.0 0.0 4.6 0.0 0.0 4.7 10.5 Grace period (years) 0.3 2.6 3.5 2.3 0. 0.7 0.0 0.0 1.2 1.0 Grant element (%) 12.0 -12.3 6.3 -5.5 0.0 4.7 0.0 0.0 1.5 17.5 Memorandum items Commitments 14 130 262 247 220 184 153 102 207 79 Official creditors 11 102 256 235 220 175 153 102 205 77 Private creditors 3 28 6 12 0 8 0 0 3 2 iii. C ONI RAL Ii kt. OBI.IC(;.vI ION% ON OLFITS' .NI)IN(. L\.-ERIN DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 161 138 96 58 27 it 8 3 1 0 Principal 49 52 59 61 62 69 70 71 75 76 Interest 26 26 25 24 23 22 20 19 18 17 Official creditors Disbursements 159 136 95 58 27 11 8 3 1 0 Principal 40 50 57 60 61 68 70 71 74 76 Interest 26 26 25 24 23 21 20 19 18 17 Bilateral creditors Disbursements 4 5 4 3 21111 0 Principal 16 17 19 20 21 21 21 21 19 18 Interest 6 6 6 5 5 4 4 3 3 2 Multilateral creditors Disbursements 155 132 91 55 25 10 7 2 0 0 Principal 30 33 38 40 41 47 49 50 55 58 Interest 19 20 19 19 18 17 16 16 15 15 Private creditors Disbursements 2 2 1 0 0 0 0 0 0 0 Principal 3 2 2 2 1 1 0 0 00 Interest 1 1 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 22 1 0 0 0 0 0 0 0 Principal 3 2 2 2 1 1 0 0 0 0 Interest I 1 0 0 0 0 0 0 0 0 352 MAILAYSIA (US$ mnillionl, unless othierwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. %t!NIM1ARN DEW!.r DA I \ TOTAL DEBT STOCKS (EDT) .. 6,611 15,328 17,080 20,018 26,149 30,336 34,343 39,673 47,228 Long-term debt (LDOD) 440 5,256 13,422 15,006 16,379 19,197 24,147 27,069 28,605 32,289 Public and publicly guaranteed 390 4,008 11,592 12,539 12,371 13,460 14,693 16,023 15,702 16,808 Private nonguaranteed 50 1,248 1,830 2,467 4,008 5.737 9,454 11,046 12.903 15,482 UseoflIMF credit 0 0 0 0 0 0 0 0 0 0 Short-term debt .. 1,355 1,906 2,074 3,639 6,951 6,189 7,274 11,068 14,939 of which interest arrears on LDOD ..0 0 0 0 0 0 0 0 0 Official creditors ..0 0 0 0 0 0 0 0 0 Private creditors ..0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD ..0 0 0 0 0 0 0 0 0 Official creditors ..0 0 0 0 0 0 0 0 0 Private creditors ..0 0 0 0 0 0 0 0 0 Memno: export credits .L.. 1395 1,638 2,541 2,316 3,445 4,373 3,350 3,268 TOTAL DEBT FLOWS Disbursements 58 1,456 1,683 2,209 3,577 5,583 7,672 8,503 8,936 8,803 Long-term debt 58 1.456 1,683 2,209 3,577 5.583 7,672 8,503 8,936 8,803 IMF purchases 0 0 0 0 0 0 0 0 0 0 Principal repayments 57 345 3,167 1,839 3,102 3,425 4,690 4,450 6,343 4,276 Long-term debt 57 345 3,167 1.839 3,102 3,425 4,690 4.450 6,343 4,276 IMF repurchases 0 0 0 0 0 0 0 0 0 0 Net flows on debt 1 1,111 -1,851 538 2,041 5,470 2,220 5,138 6,387 8,397 of which short-term debt ... -367 168 1,565 3,312 -762 1,085 3,794 3,871 Interest payments (INT) .. 589 1,166 1,080 1,108 1,355 1,432 1,591 2,084 2,833 Long-term debt 25 338 997 891 932 887 1,007 1,151 1,432 1,588 IMF charges 0 0 0 0 0 0 0 0 0 0 Short-term debt .. 251 169 188 176 467 424 441 652 1,245 Net transfers on debt .. 522 -3,017 -542 933 4,115 788 3,547 4,303 5,565 Total debt service paid (TDS) .. 934 4,333 2,919 4,209 4,780 6,121 6,041 8,427 7,109 Long-term debt 82 683 4,164 2,731 4,034 4,312 5,697 5,600 7,776 5,864 IMF repurchases and charges 0 0 0 0 0 0 0 0 0 0 Short-term debt (interest only) .. 251 169 188 176 467 424 441 652 1,245 2. AGU;RE(G ATE NE'. RESOU~R( E FLO%% S AND. NE r TRAVNSFERsj 'LONG-TERN, NET RESOURCE FLOWS 99 2,052 1,183 4,414 6,093 10,923 8,680 10,495 12,031 9,151 Net flow of long-term debt (ex. IMP) 1 1,111 -1,484 370 476 2,158 2,982 4,053 2,593 4,527 Foreign direct investment (net) 94 934 2,333 3,998 5,183 5,006 4,342 4,132 5,078 5,106 Portfolio equity flows 0 0 293 0 385 3,700 1,320 2,299 4,353 -489 Grants (excluding technical coop.) 4 6 42 46 49 59 36 117 7 Memo: technical coop. grants 13 54 125 128 122 124 116 127 103 91 official net resource flows 27 139 414 255 23 -338 223 393 -774 -161 private net resource flows 71 1,913 769 4.159 6,070 11,261 8,458 10,102 12,805 9,312 NET TRANSFERS -93 524 -1,740 1,247 2,448 7,051 4,423 5,344 6,199 3,063 Interest on long-term debt 25 338 997 891 932 887 1,007 1,151 1,432 1,588 Profit remittances on FDI 166 1,190 1,926 2.275 2,713 2,985 3,250 4,000 4,400 4,500 Memo: official net transfers 14 53 182 7 -237 -606 -30 109 -1,018 -363 private net transfers -107 471 -1.921 1,241 2,685 7,657 4,453 5,235 7,216 3,426 3. MAjlOR ECONOMIC AGGREGATES Gross national product (GNP) 4,089 23,607 40,902 44.573 55,166 60,969 68,910 83,101 94,563 93,507 Exports of goods & services (XGS) .. 14,836 34,514 39,512 46,421 54,656 68,526 85,992 94,065 95,387 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 15,100 35,486 43,783 48,760 57,935 73,275 93,618 97,734 99,085 International reserves (RES) 668 5,755 10,659 11,717 18,024 28,183 26,339 24,699 27,892 21,470 Current account balance .. 266 -870 -4,183 -2,167 -2,991 -4,520 -8,470 -4,596 -4,792 4. DEBF INDW('A.TOIRS EDT /XGS (% . 44.6 44.4 43.2 43.1 47.8 44.3 39.9 42.2 49.5 EDT /GNP ().. 28.0 37.5 38.3 36.3 42.9 44.0 41.3 42.0 50.5 TDS /XGS (% . 6.3 12.6 7.4 9.1 8.7 8.9 7.0 9.0 7.5 INT!/XGS (% . 4.0 3.4 2.7 2.4 2.5 2.1 1.9 2.2 3.0 INT /GNPQ% . 2.5 2.9 2.4 2.0 2.2 2.1 1.9 2.2 3.0 tRES / EDT (% . 87.1 69.5 68.6 90.0 107.8 86.8 71.9 70.3 45.5 RES / MGS (months) .. 4.6 3.6 3.2 4.4 5.8 4.3 3.2 3.4 2.6 Short-term!/ EDT (%) .. 20.5 12.4 12.1 18.2 26.6 20.4 21.2 27.9 31.6 Concessional /EDT (% . 8.6 14.6 14.9 13.0 10.8 11.0 10.6 6.4 4.3 Multilateral / EDT (%) .. 11.3 11.8 11.4 9.3 6.2 5.7 4.8 3.5 2.6 353 MAIAYSIA (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. l.ONG- 'ERM DEBIT DEBT OUTSTANDING (LDOD) 440 5,256 13,422 15,006 16,379 19,197 24,147 27,069 28,605 32,289 Public and publicly guaranteed 390 4,008 11,592 12,539 12,371 13,460 14,693 16,023 15,702 16,808 Official creditors 265 1,444 4,191 4,601 4,520 4,481 5,687 5,490 4,205 3,983 Multilateral 141 745 1,812 1,942 1,861 1,626 1,721 1,644 1,404 1.228 Concessional 0 3 9 8 7 5 3 1 0 0 Bilateral 124 699 2,378 2,659 2,659 2,854 3,966 3,846 2,802 2,755 Concessional 94 565 2,225 2,534 2,597 2,807 3,322 3,651 2,548 2,033 Private creditors 125 2,564 7.401 7,937 7,850 8,980 9,006 10,533 11,497 12,824 Bonds ill 278 4,090 4,262 3,825 3,920 4,080 6,062 7,789 8,265 Commercial banks 0 1,397 2,285 2,205 2,057 2,892 3,384 4,171 3,121 3,119 Other private 14 889 1,026 1,471 1,969 2, 168 1,542 300 587 1,440 Private nonguaranteed 50 1,248 1,830 2,467 4,008 5,737 9,454 11,046 12,903 15,482 Bonds 0 0 0 0 0 0 1,285 1,765 1,937 3,752 Commercial banks 50 1,248 1,830 2,467 4,008 5,737 8,169 9,281 10,966 11,730 Memo; IBRD 141 504 1,103 1,149 1,072 1,083 1,118 1,059 907 758 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 58 1,456 1,683 2,209 3,577 5,583 7,672 8,503 8,936 8,803 Public and publicly guaranteed 45 1,015 798 1,089 1,427 3,071 3,646 4,150 3,528 3,566 Official creditors 39 211 737 617 440 336 881 837 297 662 Multilateral 22 119 273 306 224 217 198 135 128 138 Concessional 0 0 2 1 1 1 0 0 0 0 Bilateral 18 93 464 312 216 119 684 702 168 524 Concessional 16 78 460 295 202 119 615 604 94 272 Private creditors 6 804 61 472 987 2,735 2,765 3,313 3,231 2,904 Bonds 0 0 0 190 0 951 1,060 2,100 2,252 746 Commnercial banks 0 510 57 16 0 912 1.578 1,205 703 900 Other private 6 294 4 266 987 872 127 8 276 1,259 Private nonguaranteed 12 441 885 1.120 2,150 2,512 4,026 4,353 5,408 5,237 Bonds 0 0 0 0 0 0 1,285 480 172 1,844 Commercial banks 12 441 885 1,120 2,150 2,512 2,741 3,873 5,236 3,393 Memo: IBRD 21 80 205 187 148 159 144 88 85 51 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 57 345 3,167 1,839 3,102 3,425 4,690 4,450 6,343 4,276 Public and publicly guaranteed 47 127 2,697 1,356 2,522 2,627 3,360 1,701 3,264 1,867 Official creditors 16 79 365 408 467 733 695 455 1,078 830 Multilateral 5 34 216 217 257 536 241 261 230 19t Concessional 0 0 2 2 2 2 2 2 1 0 Bilateral 11 45 149 191 210 197 454 195 848 640 Concessional 4 17 123 145 136 181 435 188 840 535 Private creditors 32 48 2,332 948 2,055 1,894 2,665 1.246 2,186 1.037 Bonds 30 1 1 1,239 43 369 907 1,100 140 362 86 Commercial banks 0 17 664 164 134 184 1,235 420 1,616 779 Other private 2 20 428 741 1,551 802 330 686 208 172 Private nonguaranteed 9 218 470 483 580 798 1,330 2,749 3,079 2,409 Bonds 0 0 00 0 0 0 0 0 0 Commercial banks 9 218 470 483 580 798 1,330 2,749 3,079 2,409 Memo: IBRD 5 26 164 163 191 172 185 194 161 126 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 1 1,111 -1,484 370 476 2,158 2,982 4,053 2,593 4,527 Public and publicly guaranteed -2 889 -1,899 -267 -1,095 444 286 2,450 264 1,699 Official creditors 23 133 372 209 -26 -397 186 382 -781 -168 Multilateral 17 85 57 89 -33 -320 -44 -126 -102 -53 Concessional 0 0 0 -2 -1 -1 -2 -2 -1 0 Bilateral 7 48 31-5 120 6 -78 230 507 -679 -11-5 Concessional 12 61 337 150 66 -62 180 416 -746 -263 Private creditors -25 756 -2,271 -476 -1,068 841 99 2,068 1,045 1,868 Bonds -30 -11 -1,239 147 -369 44 -40 1,960 1,890 659 Commercial banks 0 493 -608 -148 -134 727 342 785 -913 121 Other private 5 274 -424 -475 -564 69 -204 -678 68 1,087 Private nonguaranteed 3 223 415 637 1,570 1,714 2,697 1,604 2,329 2,828 Bonds 0 0 0 0 0 0 1,285 480 172 1,844 Commercial banks 3 223 415 637 1,570 1,714 1,412 1,124 2,157 984 Memo: IBRD 16 54 41 24 -43 -13 -41 -106 -76 -75 IDA 0 0 0 0 0 0 0 0 0 0 354 MAILAYSIA (U,S$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 199.5 1996 1997 INTEREST PAYMENTS (LINT) 25 338 997 891 932 887 1,007 1,151 1,432 1,588 Public and publicly guaranteed 22 250 956 847 880 759 763 805 856 903 Official creditors 13 86 232 248 260 268 253 284 243 202 Multilateral 8 60 145 147 154 151 127 129 108 90 Concessional 0 0 1 0 0 0 0 0 0 0 Bilateral 5 26 87 101 105 117 126 155 135 112 Concessional 3 19 75 91 96 113 123 146 133 81 Private creditors 9 163 724 599 621 492 511 522 612 702 Bonds 8 is 414 284 230 227 234 251 318 509 Commercial banks 0 108 199 157 154 148 174 190 229 142 Other private 1 37 ill 158 237 117 102 80 65 50 Private nonguaranteed 3 88 41 44 52 128 244 345 577 685 Bonds 0 0 0 0 0 0 1 28 48 60 Commercial banks 3 88 41 44 52 128 243 318 529 625 Memo: IBRD 8 39 86 86 87 83 83 83 70 57 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -25 774 -2,481 -522 -456 1,271 1,975 2,903 1,161 2,939 Public and publicly guaranteed -24 639 -2,85-5 -1,114 -1,975 -315 -477 1,644 -592 796 Official creditors 10 46 140 -39 -286 -665 -66 98 -1,025 -370 Multilateral 9 25 -88 -58 -187 -471 -170 -254 -210 -144 ConcessioDal 0 0 0 -2 -1 -2 -2 -2 -1 0 Bilateral 1 22 228 19 -99 -194 104 352 -814 -227 Concessional 9 42 262 60 -31 -175 57 270 -879 -345 Private creditors -34 593 -2,995 -1,075 -1.689 349 -411 1,546 433 1,166 Bonds -38 -29 -1,654 -137 -599 -182 -274 1,709 1,572 150 Commercial banks 0 384 -806 -305 -288 580 168 595 -1.142 -21 Other private 4 237 -535 -633 -802 -48 -305 -758 3 1,037 Private nonguaranteed 0 135 374 593 1,518 1,586 2,452 1,258 1,752 2,143 Bonds 0 0 0 0 0 0 1,284 452 124 1,784 Commercial banks 0 135 374 593 1,518 1,586 1,169 806 1,628 359 Memo: IBRD 9 15 -46 -62 -130 -96 -124 -189 -146 -132 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 82 683 4,164 2,731 4,034 4,312 5,697 5,600 7,776 5,864 Public and publicly guaranteed 70 376 3,653 2,203 3,402 3,386 4,123 2,506 4,120 2,770 Official creditors 29 165 597 657 726 1,001 948 739 1,321 1,032 Multilateral 13 94 361 364 411 688 368 389 339 281 Concessional 0 0 2 3 2 2 2 2 1 0 Bilateral 16 71 237 293 315 313 580 350 983 751 Concessional 7 37 198 235 233 294 559 334 973 616 Private creditors 40 211 3,056 1,547 2,676 2,385 3,176 1,767 2,798 1,738 Bonds 38 29 1,654 327 599 1,133 1,334 391 680 595 Commercial banks 0 126 863 321 288 3 32 1,410 610 1,845 921 Other private 2 57 539 899 1,789 920 432 766 273 222 Private nonguaranteed 13 307 511 527 632 926 1,574 3,094 3,656 3,094 Bonds 0 0 a 0 0 0 1 28 48 60 Commercial banks 13 307 511 527 632 926 1,572 3,066 3,608 3,034 Memo: IBRD 13 65 251 249 278 255 268 277 231 183 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 201 1,761 2,068 1,861 1,967 4,174 3,647 3,147 2,243 1,193 Official creditors 181 1,404 1,795 1,262 1.580 2.347 2,235 2,069 1.621 831 Private creditors 20 357 274 599 387 1,827 1,413 1,078 622 362 Memorandum items Concessional LDOD 94 567 2,234 2,542 2,603 2.813 3,326 3, 6 52 2,548 2,033 Variable rate LDOD 50 2,665 6,559 7,210 8,454 9.934 13,722 15,779 16,593 19,457 Public sector LDOD 390 4,008 11,592 12,539 12,371 13.460 14,693 16,023 15,702 16,808 Private sector LDOD 50 1~248 1,830 2,467 4,008 5,737 9.454 11.046 12,903 15,482 6. CLIRRF %('w- Co)NIPoSI f ION OF LO%G-rER-%l DEBT 'PERC'EN'T P Deutsche mark, 6.9 3.3 5.9 4.6 4.0 3.0 2.2 1.1 0.8 0.5 French franc 0.0 13.0 2.8 1.5 1.0 0.8 0.7 0.6 0.5 0.4 Japanese yen 2.2 19.0 36.5 36.1 35.4 37.5 37.5 34.6 28.2 26.5 Pound sterling 37.8 3.6 1.6 2.7 3.0 3.4 2.4 1.0 1.2 1.1 Swiss franc 0.0 2.3 3.6 3.1 2.6 2.4 3.0 3.1 1.7 0.5 U.S.dollars 14.0 36.7 31.8 29.8 27.7 29.4 35.1 48.5 55.6 55.8 Multiple currency 36.3 21.0 15.0 20.2 24.9 23.0 18.7 10.7 11.5 15.0 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 2.8 1.2 2.7 2.0 1.2 0.6 0.4 0.4 0.3 0.2 355 MALAYSIA (US$ million, unless otherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 7. DJEBU RE~i'RUCTL RINGS Total amount rescheduled 0 0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of whichbdebt buvback 0 0 0 0 0 0 0 0 0 0 Total change in debt stocks ... -949 1,751 2,938 6,131 4,187 4,007 5,331 7,555 Net flows on debt -1,851 538 2,041 5,470 2,220 5,138 6,387 8,397 Net change in interest arrears ...0 0 0 0 0 0 0 0 Interest capitalized ..0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 0 0 0 0 Cross-currency valuation 710 359 -255 813 1,448 -141 -1,147 -1,143 Residual ... 191 855 1,153 -152 520 -991 90 300 1.A.WER_%G,E TFRNIS OF NEVM COWN1M7IIENTS ALL CREDITORS Interest (%) 6.1 11t.2 4.8 7.4 5.9 5.2 6.6 5.8 6.5 5.9 Maturity (years) 18.7 13.8 20.9 13.3 20.9 11.5 13.8 18.3 18.1 12.8 Grace period (years) 4.8 5.4 6.0 6.5 4.0 4.7 4.5 12.5 13.1 4.7 Grant element (%) 22.8 -6.6 37.3 14.6 27.2 23.7 17.1 27.6 19.0 21.1 Official creditors Interest (%) 6.4 6.7 4.0 6.8 4.7 4.9 7.5 3.4 0.0 7.4 Maturity (years) 21.0 18.3 22.9 15.2 21.9 12.4 24.8 24.4 0.0 22.3 Grace period (years) 5.7 5.0 6.6 4.0 6.1 3.4 3.6 6.3 0.0 4.2 Grant element (%) 24.0 20.9 44.2 17.5 37.7 24.5 15.9 48.1 0.0 15.8 Private creditors Interest (%) 5.1 14.1 8.9 7.5 7.0 5.3 6.5 6.3 6.5 5.9 Maturity (years) 8.8 10.9 11.4 12.9 19.9 11.3 11.6 16.9 18.1 12.5 Grace period (years) 1.3 5.7 2.6 7.0 1.9 5.0 4.7 14.0 13.1 4.7 Grant element (%) 17.3 -23.9 4.3 14.0 17.0 23.5 17.4 22.7 19.0 21.3 Memorandum items Commitments 84 1,423 701 868 1,699 5,117 3,704 3,772 3.435 2"405 Official creditors 68 550 579 138 840 1,058 625 730 0 74 Private creditors 16 873 122 731 859 4,059 3,079 3,042 3,435 2,330 Ill. CION-IRW't,%TUAL OBLIG k FIONS ON OU uI'r' ANDIN(. LONG-TER.Al DEB r 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTA-L Disbursements 593 283 166 85 42 17 6 0 0 0 Principal 2,111 2.090 2,816 2,647 2,881 2.467 3,135 3,797 2,220 3,581 Interest 1,784 1,672 1,558 1,422 1,260 1,112 993 841 645 455 Ofricial creditors Disbursements 311 223 147 85 42 17 6 0 0 0 Principal 386 379 351 342 344 320 307 278 263 240 Interest 222 210 197 183 167 150 134 118 103 89 Bilateral creditors Disbursements 216 137 80 38 20 8 1 0 0 0 Principal 202 218 206 209 220 200 200 172 164 157 Interest 132 128 121 114 105 97 88 80 72 65 Multilaterat creditors Disbursements 95 87 66 47 22 9 4 0 0 0 Principal 184 161 146 133 124 120 107 106 100 83 Interest 90 83 76 69 61 53 46 38 31 24 Private creditors Disbursements 282 60 20 0 0 0 0 0 0 0 Principal 1,725 1,711 2,465 2,305 2,537 2,147 2,827 3,519 1,957 3,341 Interest 1,562 1,462 1,362 1,240 1,094 962 859 723 542 366 Commercial banks Disbursements 282 60 20 0 0 0 0 0 0 0 Principal 647 372 437 367 725 253 158 158 129 78 Interest 178 147 125 103 71 42 30 21 13 7 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1,078 1,339 2,028 1,938 1,812 1,895 2,670 3,361 1,828 3,263 Interest 1,384 1,315 1,237 1,137 1,023 920 829 702 529 359 356 MALDIVES (US$ million, untless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SL:MM1AR'N DEBT DAT X TOTAL DEBT STOCKS (EDT) .. 25.8 78.0 81.2 94.9 112.3 123.5 154.9 167.7 160.3 Long-term debt (LDOD) .. 24.8 64.0 78.0 90.5 109.3 122.5 151.9 163.0 153.3 Public and publicly guaranteed .. 24.8 64.0 78.0 90.5 109.3 122.5 151.9 163.0 153.3 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 1.0 14.0 3.2 4.4 3.0 1.0 2.9 4.7 7.0 of which inteTest arrears on LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDJOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits ... 8.0 7.0 5.0 12.0 29.0 26.0 29.0 38.0 TOTAL DEBT FLOWS Disbursenients .. 17.9 13.0 16.8 20.8 25.0 15.4 34.7 22.9 21.9 Long-term debt .. 17.9 13.0 16.8 20.8 25.0 15.4 34.7 22.9 21.9 IMF purcbases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments .. 0.0 6.0 5.4 5.2 5.7 6.4 7.1 7.9 24.1 Long-term debt .. 0.0 6.0 5.4 5.2 5.7 6.4 7.1 7.9 24.1 INIF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt .. 17.9 8.6 0.6 16.8 17.9 7.0 29.5 16.8 0.1 of which short-term debt ... 1.6 -10.8 1.2 -1.4 -2.0 1.9 1.7 2.3 Interest payments (JNT) .. 0.5 2.8 2.1 1.9 2.7 3.1 3.7 3.9 4.4 Long-term debt .. 0.3 1.3 1.4 1.5 2.4 3.0 3.6 3.7 4.0 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.3 1.5 0.7 0.3 0.3 0.1 0.2 0.2 0.4 Net transfers on debt .. 17.4 5.8 .1.5 14.9 15.2 3.9 25.8 12.9 -4.2 Total debt service paid (TDS) .. 0.5 8.8 7.5 7.1 8.4 9.5 10.8 11.7 28.5 Long-term debt .. 0.3 7.3 6.8 6.8 8.1 9.3 10.7 11.5 28.1 IMF repurchases and charg-es 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 0.3 1.5 0.7 0.3 0.3 0.1 0.2 0.2 0.4 2.. %G(.RE(. -~T[ NET RESOUJRCE FL,O%N!S AND NET T RMNSFERS 1LONG.TFR.Mi NET RESOURCE FLOWS .. 19.1 24.3 29.4 34.6 42.0 33.4 58.2 32.8 19.6 Net flow of tong-term debt (ex. IMF) .. 17.9 7.0 11.4 15.6 19.3 9.0 27.6 15.1 -2.2 Foreign direct investment (net) .. 0.0 6.0 7.0 7.0 7.0 9.0 7.0 8.0 10.0 Portfolio equity flows .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) .. 1.2 11.3 11.0 12.0 15.7 15.4 23.6 9.7 11.8 Memjo: technical coop. grants .. 25 6.3 11.0 11.0 9.8 8.4 10.1 8.7 9.9 official net resource flows .. 19.1 17.2 23.1 24.6 33.1 24.8 49.7 23.0 5.1 private net resource flows .. 0.0 7.1 6.3 10.0 8.9 8.6 8.6 9.8 14.5 NET TRANSFERS .. 17.3 9.1 12.4 16.3 22.0 11.4 36.6 13.1 -1.4 Interest on long-tcrm debt .. 0.3 1.3 1.4 1.5 2.4 3.0 3.6 3.7 4.0 Profit remittances on FDIJI 1.5 13.9 15.6 16.8 17.6 19.0 18.0 16.0 17.0 Memo: official net transfers .. 18.8 16.4 22.0 23.5 31.3 22.5 47.0 20.1 2.1 private net tranisfers .. -1.5 -7.3 -9.6 -7.2 -9.3 -11.1 -10.2 -7.0 -3.5 3. IMAJOR ECONOMIC kGGREG.ATES Gross national product (GNP) ... 131.1 149.6 174.8 198.2 220.6 251.5 283.7 309.7 Exports of goods & services (XGS) .. 65.2 182.5 188.1 222.2 219.7 276.6 322.8 387.2 426.0 of which workers remittances .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & services (MGS) .. 89.8 177.7 202.6 237.3 255.6 281.9 337.0 371.0 422.0 International reserves (RES) ... 24.5 23.7 228. 4 26.4 36.9 53.6 76.8 98.8 Current account balance .. -22.2 8.6 -9.0 -19.7 -47.6 -11.2 -18.1 9.6 -15.9 4.4 DEBT INDI(VTORS EDT! XGS (% . 39.5 42.7 43.2 42.7 51.1 44.7 48.0 43.3 37.6 EDT /GNP ()... 59.5 54.3 54.3 56.7 56.0 61.6 59.1 51.7 TDS / XGS (%) .. 0.8 4.8 4.0 3.2 3.8 3.4 3.4 3.0 6.7 INT XGS (%) .. 0.8 1.5 1.1 0.8 1.2 1.1 1.2 1.0 1.0 INT/GNP (%) ... 2.1 1.4 1.1 1.3 1.4 1.5 1.4 1.4 RES/EDT (%) ... 31.4 29.2 29.9 23.5 29.9 34.6 45.8 61.7 RES .~MGS (months) ... 1.7 1.4 1.4 1.2 1.6 1.9 2.5 2.8 Short-term / EDT (%) .. 3.9 18.0 3.9 4.6 2.7 0.8 1.9 2.8 4.4 Concessional /EDT (%) .. 96.1 71.0 87.5 86.1 75.5 79.6 81.6 81.3 84.5 Multilateral /1 EDT (%) .. 13.6 41.7 55.1 58.5 53.8 58.8 58.8 58.2 62.7 357 MALDIVES (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG- [E RI DEBTI DEBT OUTSTANDING OLDOD) .. 24.8 64.0 78.0 90.5 109.3 122.5 151.9 163.0 153.3 Public and publicly guaranteed .. 24.8 64.0 78.0 90.5 109.3 122.5 151.9 163.0 153.3 Official creditors .. 24.8 60.2 75.1 84.8 102.1 115.1 142.6 152.0 138.4 Multilateral .. 3.5 32.5 44.8 55.6 60.4 72.6 91.1 97.6 100.4 Concessional .. 3.5 32.5 44.8 55.6 60.4 72.6 91.1 97.3 99.0 Bilateral .. 21.3 27.6 30.3 29.3 41.7 42.5 51.5 54.3 37.9 Concessional .. 21.3 22.8 26.3 26.2 24.5 25.7 35.3 39.0 36.4 Private creditors .. 0.0 3.8 3.0 5.7 7.2 7.4 9.4 11.0 14.9 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 1.1 1.0 1.6 3.4 6.5 10.3 Other private .. 0.0 3.8 2.9 4.6 6.2 5.8 5.9 4.5 4.6 Private nouguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 1.6 10.0 14.5 21.8 24.9 31.6 36.1 37.3 39.0 DISBURSEMENTS .. 17.9 13.0 16.8 20.8 25.0 15.4 34.7 22.9 21.9 Public and publicly guaranteed .. 17.9 13.0 16.8 20.8 25.0 15.4 34.7 22.9 21.9 Official creditors .. 17.9 9.6 16.8 17.3 21.9 14.0 30.9 18.5 14.4 Multilateral .. 2.6 3.6 11.0 13.8 6.2 9.9 18.7 11.8 11.0 Concessional .. 2.6 3.6 11.0 13.8 6.2 9.9 18.7 11.5 9.9 Bilateral .. 15.3 5.9 5.8 3.5 15.7 4.1 12.2 6.7 3.3 Concessional .. 15.3 1.1 5.8 3.5 0.7 4.1 12.2 6.7 1.8 Private creditors .. 0.0 3.5 0.0 3.6 3.1 1.4 3.8 4.5 7.6 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comnmercial banks .. 0.0 0.0 0.0 [.1 0.1 1.0 2.4 3.9 5.3 Other private . 0.0 3.5 0.0 2.5 3.0 0.4 1.4 0.5 2.2 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks -. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 1.6 1.2 4.3 8.1 3.0 5.6 3.9 2.5 3.8 PRINCIPAL REPAYMENTS .. 0.0 6.0 5.4 5.2 5.7 6.4 7.1 7.9 24.1 Public and publicly guaranteed .. 0.0 6.0 5.4 5.2 5.7 6.4 7.1 7.9 24.1 Official creditors .. 0.0 3.7 4.7 4.6 4.5 4.6 4.8 5.2 21.0 Multilateral .. 0.0 1.5 1.4 t.3 1.2 1.3 1.4 1.5 1.6 Concessional .. 0.0 1.5 1.4 1.3 1.2 1.3 1.4 1.5 1.6 Bilateral .. 0.0 2.2 3.3 3.3 3.3 3.3 3.4 3.7 19.4 Concessional .. 0.0 1.9 2.7 2.6 2.6 2.6 2.7 2.9 4.1 Private creditors .. 0.0 2.3 0.7 0.6 1.2 1.8 2.3 2.7 3.1 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 1.5 0.0 0.0 0.3 0.4 0.6 0.9 1.3 Other pnivate .. .0 0.9 0.7 0.6 1.0 1.4 1.7 1.7 1.7 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 NET FLOWS ON DEBT .. 17.9 7.0 11.4 15.6 19.3 9.0 27.6 15.1 -2.2 Public and publicly guaranteed .. 17.9 7.0 11.4 15.6 19.3 9.0 27.6 15.1 -2.2 Official creditors .. 17.9 5.9 12.1 12.6 17.4 9.4 26.1 13.3 -6.7 Multilateral .. 2.6 2.2 9.7 12.5 5.0 8.6 17.3 10.3 9.4 Concessional .. 2.6 2.2 9.7 12.5 5.0 8.6 17.3 10.0 8.3 Bilateral .. 15.3 3.7 2.5 0.2 12.4 0.8 8.7 3.0 -16.0 Concessional .. 15.3 -0.8 3.1 0.9 -1.9 1.5 9.5 3.7 -2.3 Private creditors .. 0.0 1.1 -0.7 3.0 1.9 -0.4 1.6 1.8 4.5 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 -1.5 0.0 1.1 -0.2 0.6 1.8 3.0 4.0 Other private .. 0.0 2.6 -0.7 1.9 2.0 -1.1 -0.3 -1.2 0.5 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks -. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 1.6 1.2 4.3 8.1 3.0 5.5 3.8 2.4 3.7 358 MALDIVES (US$ miillion, uniless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) .. 0.3 1.3 1.4 1.5 2.4 3.0 3.6 3.7 4.0 Public and publicly guaranteed .. 0.3 1.3 1.4 1.5 2.4 3.0 3.6 3.7 4.0 Official creditors .. 0.3 0.8 1.1 1.1 1.8 2.3 2.7 2.9 3.0 Multilateral .. 0.0 0.3 0.3 0.4 0.8 0.9 1.0 1.2 1.3 Concessional .. 0.0 0.3 0.3 0.4 0.8 0.9 1.0 1.2 1.2 Bilateral .. 0.3 0.5 0.8 0.7 1.0 1.3 1.7 1.7 1.8 Concessional .. 0.3 0.3 0.4 0.4 0.4 0.4 0.4 0.6 0.6 Private creditors .. 0.0 0.5 0.3 0.4 0.6 0. 0.8 0.8 1.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.1 0.0 0.0 0.0 0.1 0.2 0.3 0.7 Other private .. 0.0 0.4 0.3 0.4 0.5 0.6 0.6 0.4 0.3 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.2 0.2 0.3 0.3 0.3 NET TRANSFERS ON DEBT .. 17.6 5.7 10.0 14.1t 16.9 6.0 24.0 11.4 .6.2 Public and publicly guaranteed .. 17.6 5.7 10.0 14.1 16.9 6.0 24.0 11.4 .6.2 Official creditors .. 17.6 5.0 11.0 11.5 15.6 7.2 23.3 10.4 -9.7 Multilateral .. 2.6 1.8 9.4 12.1 4.2 7.7 16.3 9.1 8.1 Concessional .. 2.6 1.8 9.4 12.1 4.2 7.7 16.3 8.8 7.1 Bilateral .. 15.0 3.2 1.7 -0.5 11.4 -0.5 7.0 1.3 -17.8 Concessional .. 15.0 -1.1 2.7 0.5 -2.3 1.1 9.1 3.1 -2.9 Private creditors .. 0.0 0.6 -1.0 2.6 1.3 -1.1 0.7 1.0 3.5 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 -1.6 0.0 1.1 -0.2 0.6 1.6 2.7 3.3 Other private .. 0.0 2.2 -1.0 1.5 1.5 -1.7 -0.9 -1.6 0.2 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 1.6 1.1 4.2 8.0 2.8 5.3 3.5 2.1 3.4 DEBT SERVICE (LTDS) .. 0.3 7.3 6.8 6.8 8.1 9.3 10.7 11.5 28.1 Public and publicly guaranteed .. 0.3 7.3 6.8 6.8 8.1 9.3 10.7 11.5 28.1 Official creditors .. 0.3 4.5 5.8 5.8 6.3 6.8 7.6 8.1 24.0 Multilateral .. 0.0 1.8 1.7 1.7 2.0 2.2 2.4 2.7 2.9 Concessional .. 0.0 1.8 1.7 1.7 2.0 2.2 2.4 2.7 2.8 Bilateral .. 0.3 2.7 4.1 4.0 4.3 4.6 5.1 5.4 21.1 Concessional .. 0.3 2.2 3.1 3.0 3.0 3.0 3.1 3.5 4.7 Private creditors .. 0.0 2.8 1.0 1.0 1.8 2.5 3.1 3.4 4.1 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 1.6 0.0 0.0 0.3 0.5 0.8 1.3 2.0 Other private .. 0.0 1.2 1.0 1.0 1.5 2.1 2.3 2.2 2.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.2 0.3 0.4 0.4 0.4 UNDISBURSED DEBT .. 21.0 51.3 36.6 70.5 67.7 63.9 58.7 46.6 35.1 Official creditors .. 19.1 49.6 30.0 67.3 67.7 59.5 54.5 38.4 28.8 Private creditors .. 1.9 1.7 6.5 3.2 0.0 4.3 4.2 8.2) 6.3 Memorandum items Concessional LDOD .. 24.8 55.4 71.1 81.8 84.9 98.3 126.4 136.3 135.4 Variable rate LDOD .. 0.0 0.0 0.0 1.1 1-6.0 16.1 16.4 16.8 6.2 Public sector LDOD .. 24.8 64.0 78.0 90.5 109.3 122.5 151.9 163.0 153.3 Private sector LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. ('URRF NC1A OXlPOiI lI ON Ot L.ONU.I lFRAI DEIB iPER(. LNJi Deutsche mark .. 0.0 13.0 8.8 6.0 5.5 4.1 2.3 0.9 0.0 French franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling .. 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.9 0.7 Swi,ss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dotlars .. 14.1 25.5 28.4 35.0 46.2 49.8 51.3 49.6 46.5 Multiple currency .. 0.0 12.4 19.1 20.3 18.8 19.3 20.3 21.3 23.3 Special drawing rights .. 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.7 1.8 All other currencies .. 85.9 48.8 43.6 38.6 29.5 26.9 25.3 25.6 27.7 359 MALDIVES (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RE.SIR1.11TUIIkNGS Total amount rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled .. 0.0 0.0 0.0 0. 0.0 0.0 0.0 0.0 0.0 Official .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 H. D)EBT STOC K-FL,OW% REt'ONCilIt LXTION Total change in debt stocks ... 11.0 3.3 13.7 17.5 11.2 31.3 12.8 -7.4 Net flows on debt ... 8.6 0.6 16.8 17.9 7.0 29.5 16.8 0.1 Net change in interest arrears ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest capitalized . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 2.1 -0. 1 -1.8 -0.3 1.1 0.7 -0.5 -1.7 Residual ... 0.0 2.8 -1.3 -0. 1 3.1 1.1 -3.5 -5.8 9. %% ER \GE rF._R.\v OF NE\\ utmtmI'mI rINvi s ALL CREDITORS Interest (91) .. 2.9 0.8 9.9 1.5 3.4 4.8 3.1 6.7 3.5 Maturity (years) .. 14.7 37.2 6.8 27.3 17.7 14.0 31.3 9.8 8.7 Grace period (years) .. 4.4 9.2 1.2 7.1 6.8 3.7 9.1 2.8 2.8 Grant element (91) .. 41.2 77.2 -0.3 63.6 41.2 30.9 56.2 17.3 2&8. Ofricial creditors Interest (91) .. 2.5 0.8 0.0 1.3 3.4 2.1 2.5 2.4 2.3 Maturity (years) .. 15.5 37.2 0. 28.1 17.7 19.8 34.8 16.5 8.5 Grace period (years) .. 4.6 9.2 0.0 7.4 6.8 5.6 10.1 5.0 2.9 Grant element (91) .. 44.2 77.2 0.0 65.7 41.2 52.7 63.3 46.6 33.3 Private creditors Interest (9)N 7.5 0.0 9.9 6.3 0.0 7.5 7.9 8.6 4.9 Maturity (years) .. 6.6 0.0 6.8 5.3 0.0 8.0 6.0 6.7 8.9 Grace period (years) .. 1.1 0.0 1.2 0.8 0.0 1.7 1.7 1.8 2.7 Grant element (%) .. 6.9 0.0 -0.3 8.3 0.0 8.6 6.3 3.6 23.9 Memorandum items Commitments .. 22.1 15.5 4.5 57.4 23.8 11.6 29.1 12.5 12.2 Official creditors .. 20.3 15.5 0.0 55.3 23.8 5.8 25.5 4.0 6.4 Private creditors .. 1.8 0.0 4.5 2.1 0.0 5.7 3.6 8.5 5.9 Iti. CON111A UFLI. OH LIG Al IONS ON 01' .1ST XN~I) ING LONG-TERM% DFl I 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 13.8 10.2 5.2 3.1 1.3 0.8 0.4 0.2 0.2 0.0 Principal 10. 9.9 9.9 9.8 9.2 7.5 7.8 7.7 7.7 6.9 Interest 3.6 3.4 3.1 2.8 2.4 2.1 2.0 1.8 1.7 1.6 Official creditors Disbursements 9.9 8.4 4.8 2.9 1.3 0.8 0.4 0.2 0.2 0.0 Principal 5.9 5.8 6.2 6.3 6.8 6.8 7.0 7.3 7.5 6.6 Interest 2.3 2.3 2.3 2.2 2.1 2.0 1.9 1.8 1.7 1.6 Bilateral creditoTS Disbursements 0.3 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 4.2 3.6 3.4 2.9 2.8 2.5 2.6 2.6 2.6 2.3 Interest 0.7 0.7 0.6 0.5 0.5 0.4 0.4 0.3 0.3 0.2 Multilateral creditors Disbursements 9.6 8.2 4.8 2.9 1.3 0.8 0.4 0.2 0.2 0.0 Principal 1.7 2.1 2.8 3.4 4.0 4.3 4.4 4.7 4.9 4.3 Interest 1.6 1.7 1.7 1.7 1.7 1.6 1.6 1.5 1.4 1.3 Private creditors Disbursemnents 3.9 1.8 0.4 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Principal 4.2 4.1 3.7 3.5 2.4 0.7 0.8 0.4 0.2 0.2 Interesl 1.3 1.1 0.8 0.5 0.3 0.1 0.1 0.0 0.0 0.0 Commercial banks Disbursements 3.5 1.8 0.4 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Principal 3.1 3.2 3.0 2.8 1.9 0.2 0.3 0.4 0.2 0.2 Interest 1.0 0.9 0.6 0.4 0.2 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.3 0.1 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 Principal 1.2 0.9 0.7 0.7 0.5 0.5 0.5 0.0 0.0 0.0 Interest 0.3 0.2 0.2 0.1 0.1 0.1 0.0 0.0 0.0 0.0 360 MALI (USS million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 AIIII. Si,IdR' DEBI' DAT.*A TOTAL DEBT STOCKS (EDT) 727 2,467 2,596 2,898 2,902 2,694 2,957 3,006 2,945 Long-term debt (LDOD) 238 664 2,336 2,461 2,777 2,785 2,545 2,739 2,762 2,687 Public and publicly guaranteed 238 664 2,336 2,461 2,777 2,785 2,545 2,739 2,762 2,687 Private nonguaran teed 0 0 0 0 0 0 0 0 0 0 Use of LMF credit 9 39 69 60 65 71 108 147 165 176 Short-term debt 24 62 75 55 46 41 72 79 83 of which interest arrears on LDOD ..1 9 25 26 18 21 28 33 43 Official creditors ..1 9 24 26 17 21 28 33 43 Private creditors 0 0 1 0 0 0 0 0 ( Memo: principal arrears on LDOD 75 63 168 266 209 273 342 415 539 Official creditors 73 63 167 266 207 271 340 415 539 Private creditors 2 0 1 0 2 2 2 0 ( Memo: export credits 86 87 85 77 44 68 64 81 TOTAL DEBT FLOWS Disbursements 24 108 194 144 176 98 164 238 186 147 Long-term debt 23 94 167 144 162 84 122 193 156 118 IMF purchases 2 14 28 0 14 14 42 45 30 28 Principal repayments 4 9 44 27 38 35 63 62 54 54 Long-term debt 0 6 25 18 32 26 53 55 47 47 IMFErepurchases 4 3 18 9 7 9 10 7 7 7 Net flows on debt 20 99 158 114 118 83 92 200 135 86 of which short-term debt ..8 -3 -20 19 -9 24 3 -7 Interest payments (INT) 7 23 i8 20 43 25 24 62 24 Long-term debt 0 3 17 12 15 40 24 22 58 20 IIF charges 0 1 4 3 2 1 1 1 1 Short-term deht ..3 3 3 2 2 1 2 2 3 Net transfers on debt .. 91 135 97 98 39 67 176 73 62 Total debt service paid (TDS) 16 67 45 58 78 88 86 116 78 Long-term debt 1 9 42 30 47 66 77 77 105 68 IMfF rep urchases and charges 4 4 22 12 8 10 10 7 9 8 Short-term debt (interest only) ..3 3 3 2 2 1 2 2 3 2..AGGREU; ATE NET RESOUIRC'E FL01 ILNJ) NET TRANSFERS i LONG-1 ERM t NET RESOURCE FLOWS 34 194 335 339 324 213 334 358 350 302 Net flow of long-term debt (ex. IMF) 23 88 141 127 130 58 69 138 1 10 71 Foreign direct investment (net) 0 2 -7 4 -8 -20 45 12 23 1s Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 12 104 201 208 202 175 221 208 217 216 Memo: technical coop. grants 8 77 99 12 2 130 133 113 134 127 139 official net resource flows 34 183 343 335 335 234 290 346 327 287 private net resource flows 0 1 0 -S 3 -11 -21 44 1 2 23 1 5 NET TRANSFERS 32 190 294 304 295 160 297 322 278 270 Interest on long-term debt 0 3 17 12 15 40 24 22 58 20 Profit remittances on FDI 2 0 24 23 1 4 13 14 15 13 12 Memo: official net transfers 314 181 327 323 320 194 267 325 268 267 private net transfers -2 9 -33 -20 -25 -34 30 -3 10 3 3. %LM.OR EC_ONOMI-%tC AGG REGATES Gross national product (GNP) 333 1,669 2,435 2,386 2,805 2,641 1,805 2,401 2,597 2,470 Exports of goods & ser-vices (XGS) .. 322 549 559 587 603 516 650 639 745 of which workers remittances .. 59 107 93 117 126 103 112 107 91 Imports of goods & services (MGS) .. 537 889 900 1,011 896 816 1.040 1.00 959 Intemnational reserves (RES) .. 26 198 326 314 340 229 330 439 420 Current account balance .. 124 -221 -173 -241 -189 -163 -284 -273 -178 4. DIEBI INDICXTORS EDT, XGS (% . 225.7 449.1 464.2 493.8 481.6 521.6 455.1 470.3 395.4 EDT GNP(% . 43.6 101.3 108.8 103.3 109.9 149.2 123.2 115.7 119.2 TDS /XGS (% . 5.1 12.2 8.0 9.8 13.0 17.0 13.2 18.1 10.5 INT IXGS (% . 2.3 4.2 3.2 3.4 7.2 4.8 3.7 9.6 3.2 INT /GNP (% . 0.4 1.0 0.7 0.7 1.6 1.4 1.0 2.4 1.0 RES /EDT ().. 3.5 8.0 12.6 10.8 11.7 8.5 11.2 14.6 14.3 RES /MGS (months) .. 0.6 2.7 4.3 3.7 4.5 3.4 3.8 5.3 5.3 Short-term! EDT (%) .. 3.3 2. 5 2.9 1.9 1.6 1.5 2.4 2.6 2.8 Concessional I EDT (% . 84.4 91.1 91.6 92.8 92.8 91.5 89.9 89.4 89.0 Multilateral, EDT (%) .. 23.6 36.3 38.4 36.6 38.0 46.4 47.2 48.5 49.3 361 MALI (US$ million, toitless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5;. LON(G-rERiNI DEBI' DEBT OUTSTANDING (LDOD) 238 664 2,336 2,461 2,777 2,785 2,545 2,739 2,762 2,687 Public and publicly guaranteed 238 664 2,336 2,461 2,777 2,785 2,545 2,739 2,762 2,687 Official creditors 232 629 2,320 2,450 2,771 2,781 2,543 2,736 2,762 2,687 Multilateral 6 172 896 998 1,059 1.103 1,250 1,396 1,459 1,453 Concessional 6 163 874 975 1,022 1,066 1,214 1,357 1,423 1,424 Bilateral 226 457 1,424 1,452 1,712 1,678 1,293 1,340 1,303 1,234 Concessional 226 451 1,373 1,404 1,668 1,626 1,250 1,303 1,265 1,197 Private creditors 6 36 16 12 6 4 2 2 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 11 0 0 3 3 2 2 0 0 Other private 5 25 1 6 1 2 3 1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 6 121 498 569 611 656 770 863 915 939 DISBURSEMENTS 23 94 167 144 162 84 122 193 156 118 Public and publicly guaranteed 23 94 167 144 162 84 122 193 156 118 Official creditors 23 83 167 144 162 84 122 193 156 118 Multilateral 1 34 115 102 86 63 119 146 122 115 Concessional 1 30 ill. 100 86 62 118 141 119 115 Bilateral 22 50 52 42 76 21 2 47 35 3 Concessional 22 45 52 42 76 17 2 47 35 3 Private creditors 0 10 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 5 0 0 0 0 0 0 0 0 Other private 0 5 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo-. IBRD 0 0 0 0 0 0 0 0 0 0 IDA 1 19 44 69 62 47 93 86 84 75 PRINCIPAL REPAYMENTS 0 6 25 18 32 26 53 55 47 47 Public and publicly guairanteed 0 6 25 18 32 26 53 55 47 47 Official creditors 0 4 24 17 29 25 52 55 47 47 Multilateral 0 0 14 8 17 16 26 23 27 27 Contcessional 0 0 13 6 13 15 21 20 23 24 Bilateral 0 4 1 1 9 12 10 26 32 20 20 Concessional 0 3 10 7 9 8 18 25 19 19 Private creditors 0 2 1 1 3 1 1 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 1 0 0 0 1 0 0 0 0 Other private 0 1 1 1 3 0 1 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 IDA 0 0 2 2 3 4 6 6 7 7 NET FLOWS ON DEBT 23 88 141 127 130 58 69 138 110 71 Public and publicly guaranteed 23 88 141 127 130 58 69 138 110 71 Official creditors 23 80 142 127 133 59 69 138 110 71 Multilateral 1 33 101 95 70 47 94 123 94 88 Concessional 1 30 98 94 73 47 97 121 96 90 Bilateral 2t 46 42 33 63 12 -24 15 15 -17 Concessional 21 42 42 35 66 9 -16 22 16 -16 Private creditors 0 8 - I -1 -3 -1I -1I 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commiercial banks 0 4 0 0 0 -1 0 0 0 0 Other private 0 4 -1 - 1 -3 0 -1 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: fBRD 0 0 0 0 0 0 0 0 0 0 IDA 1 19 42 67 59 43 87 80 77 68 362 MALI (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0 3 17 12 15 40 24 22 58 20 Public and publicly guaranteed 0 3 17 12 15 40 24 22 58 20 Official creditors 0 2 16 12 15 40 24 22 58 20 Multilateral 0 1 9 7 9 9 12 11 13 14 Concessional 0 1 8 7 8 8 11 11 12 13 Bilateral 0 1 7 5 6 31 12 10 45 7 Concessional 0 1 6 4 5 30 9 8 44 5 Private creditors 0 1 1 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 1 0 0 0 0 0 0 0 0 Other private 0 0 1 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 3 3 4 5 6 6 7 7 NET TRANSFERS ON DEBT 22 84 124 115 115 18 45 117 51 51 Public and publicly guaranteed 22 84 124 1t5 115 18 45 117 51 51 Official creditors 22 77 126 115 118 19 46 117 51 51 Multilateral 1 32 92 88 61 37 82 112 81 74 Concessional 1 29 90 87 65 39 87 III 84 78 Bilateral 21 45 34 28 57 -19 -36 5 -30 -23 Concessional 21 41 37 31 61 -21 -25 14 -28 -21 Private creditors 0 7 -2 -1 -3 -1 -1 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 3 0 0 0 -1 0 0 0 0 Otber private 0 4 -2 -1 -3 0 -1 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: fBRD 0 0 0 0 0 0 0 0 0 0 IDA I 18 38 63 54 39 82 73 71 61 DEBT SERVICE (LTD S) 1 9 42 30 47 66 77 77 105 68 Public and publicly guaranteed 1 9 42 30 47 66 77 77 105 68 Official creditors 1 6 40 29 44 65 76 77 105 68 Multilateral 0 2 23 15 26 25 37 35 41 41 Concessional 0 1 21 13 21 23 31 30 35 37 Bilateral 1 5 18 14 19 40 38 42 65 27 Concessional 1 4 16 11 15 38 27 33 63 24 Private creditors 0 3 2 1 3 1 1 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 0 0 0 1 0 0 0 0 Other private 0 1 2 1 3 0 1 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memno: IBRD 00 0 0 0 0 0 0 0 0 IDA 0 1 5 5 7 8 12 12 14 14 UNDISBURSED DEBT 54 366 634 667 689 668 636 619 681 591 Official creditors 50 359 634 667 689 668 636 619 681 591 Private creditors 4 7 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 232 614 2,247 2.379 2.690 2,692 2,464 2,660 2,687 2,621 Variable rate LDOD 0 0 6 6 3 3 3 3 2 2 Public sector LDOD 238 664 2,330 2,455 2,771 2,780 2,545 2,739 2,762 2.687 Private sector LDOD 0 0 6 6 6 5 0 0 0 0 6. CURRENt N t(AIIPC)S[TION OF 1IONG-TERM1 DEBTiPE RCIKNTp Deutsche mark 2.8 0.9 0,2 0.1 0.2 0.2 0~2 0.2 0.2 0.1 French franc 16.9 21.3 36.7 35.4 32.3 29.9 22.4 21.8 20.3 18.9 Japanese yen 0.0 0.0 0.3 0.3 1.4 1.5 1.9 2.3 2.9 2.7 Pound sterling 37.5 11.5 2.7 2.4 1.8 1.8 2.0 1.8 1.9 1.9 Swiss franc 5.9 5.6 2.3 2.0 1.7 1.7 2.0 2.1 1.8 1.7 U.S.dollars 4.9 11.6 14.9 16.9 17.5 19.5 21.2 22.5 23.9 25.9 Multiple currency 0.3 6.4 15.3 15.8 14.1 14.6 17.6 18.7 19.1 18.6 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 31.5 42.7 27.8 26.9 31.0 30.9 32.8 30.6 30.0 30.2 363 MIALI (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 D. TWilRESFRLi1.( TU'RIN(;S Total amount rescheduled 0 41 11 10 28 29 0 0 14 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 50 7 7 21 26 0 0 19 0 Official 0 50 4 4 15 4 0 0 18 0 Private 0 0 3 3 6 22 0 0 1 0 Interest rescheduled 0 0 5 3 7 3 0 0 0 0 Official 0 0 4 2 6 2 0 0 0 0 Private 0 0 1 1 1 1 0 00 0 Debt forgiven 2 1 16 3 413 0 16 0 Memo: interest forgiven ..2 1 6 1 9 0 2 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 S. DEBI s1 OCk VLOW REC ONCILIAT-ION Total change in debt stocks ... 340 129 302 4 -208 264 49 -61 Net flows on debt ... 158 114 118 83 92 200 135 86 Net change in interest arrears ... 16 1 -8 3 7 5 10 Interest capitalizecl. . 5 3 7 3 0 0 0 0 Debt forgiveness or reduction ... -2 - 1 -16 -3 -413 0 -16 0 Cross-currency valuation ... 175 -15 -75 -54 72 65 -51 -84 Residual ... -4 11 267 -16 37 -8 -25 -73 9. VWERx(.ETERNIS OF N-E% c OI N ir%l EN,E [s ALL CREDITORS Interest (% 1.1 2.2 1.0 0.9 2.3 1.4 0.8 1.5 1.3 0.9 Maturity (years) 25.0 23.0 29.9 40.9 29.7 33.7 37.1 30.7 35.9 43.8 Grace period (years) 9.5 5.5 8.4 9.6 8.3 8.0 9.7 8.8 9.3 9.9 Grant element (%) 68.2 50.5 67.6 78.7 59.8 64.8 77.7 68.6 73.3 79.7 Official creditors Interest (% 0.3 1.8 1.0 0.9 2.3 1.4 0.8 1.5 1.3 0.9 Maturity (years) 27.4 23.9 29.9 40.9 29.7 33.7 37.1 30.7 35.9 43.8 Grace period (years) 10.6 5.6 8.4 9.6 8.3 8.0 9.7 8.8 9.3 9.9 Grant element (%) 76.4 53.2 67.6 78.7 59.8 64.8 77.7 68.6 73.3 79.7 Private creditors Interest (% 6.7 9.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 8.5 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.6 2.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Granit element (%) 11.5 -0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 34 146 124 176 153 98 135 163 238 123 Official creditors 30 139 124 176 153 98 135 163 238 123 Private creditors 4 7 0 0 0 0 0 0 0 0 11). CO\TR V( .1-ti kL OFILI.W.%T70N.v ON 017T~ I.XNDI NG LONG. TERAM DLB r` 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAIL Disbursements 149 154 110 76 50 28 18 4 2 0 Principal 91 84 79 83 75 76 74 78 81 85 Interest 22 23 23 23 22 21 20 19 18 17 Official creditors Disbursements 149 154 110 76 50 28 18 4 2 0 Principal 91 84 79 83 75 76 74 78 81 85 Interest 22 23 23 23 22 21 20 19 18 17 Bilateral creditors Disbursements 19 14 8 4 2 1 1 0 0 0 Principal 60 49 43 42 33 31 28 28 28 28 Interest 8 7 7 6 5 5 4 4 4 4 Multilateral creditors Disbursements 131 140 102 72 48 27 17 4 1 0 Principal 31 35 36 4 1 43 45 46 50 53 58 Interest 14 16 16 17 17 16 16 15 14 14 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 00 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal00 0 0 0 0 0 0 0 0 IDtereSt 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Intercst 0 0 0 0 0 0 0 0 0 0 364 MNALTA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. St MIMARY DEBT DAIT- TOTAL DEBT STOCKS (EDT) 108 601 616 603 746 811 963 953 1,034 Long-term debt (LDOD) 25 86 125 146 129 128 162 160 245 320 Public and publicly guaranteed 25 86 125 146 129 128 162 160 145 125 Private nonguaranteed 0 0 0 0 0 0 0 0 100 195 Useof IMF credit 0 0 0 0 0 0 0 0 0 0 Short-term debt 22 476 470 474 618 649 802 707 714 of which interest arrears on LDOD ..0 0 0 0 0 0 0 0 0 Official creditors ..0 0 0 0 0 0 0 0 0 Private creditors ..0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD ..0 0 6 1 0 0 0 0 0 Official creditor-s ..0 0 6 1 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: export credits ... 70 103 119 170 181 168 127 190 TOTAL DEBT FLOWS Disbursements 0 7 46 28 3 8 39 28 100 97 Long-term debt 0 7 46 28 3 8 39 28 100 97 IMF purchases 0 0 0 0 0 0 0 0 0 0 Principal repayments 1 2 7 8 15 9 12 32 12 11 Long-term debt 1 2 7 8 15 9 12 32 12 11 IMF repurchases 0 0 0 0 0 0 0 0 0 0 Net flows on debt -1 5 185 15 -9 143 58 149 -6 92 of which short-term debt ... 145 -6 4 144 31 153 -95 7 Interest payments (INT) 5 39 37 38 31 34 42 38 54 Long-term debt 2 1 2 4 5 5 5 6 8 11 IMF charges 0 0 0 0 0 0 0 0 0 0 Short-term debt ..4 37 33 33 26 29 36 30 43 Net transfers on debt 0 145 -23 -47 112 24 107 -45 38 Total debt service paid (TDS) ..7 46 45 53 40 46 75 50 65 Long-term debt 2 3 9 12 20 14 17 38 20 22 IMF repurchases and charges 0 0 0 0 0 0 0 0 0 0 Short-term debt (interest only) ..4 37 33 33 26 29 36 30 43 2.AGGREC;ATE NET RLSOU'RCE FL()% S AND tN r TRAXNSFERS iLONG-TURU'1 NET RESOURCE FLOWS 30 43 88 103 36 75 203 191 482 240 Net flow of long-term debt (ex. IMF) -1 5 40 21 -13 -1 27 -4 89 85 Foreign direct investment (net) 12 27 46 77 40 56 152 183 324 128 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 19 1 1 2 5 9 20 24 13 70 26 Memo: technical coop. grants 1 3 4 3 2 6 1 2 2 1 official net resource flows 18 16 42 26 -4 19 51 -14 6 1 19 private net resource flows 12 26 46 77 40 56 152 205 422 221 NET TR-ANSFERS 22 -3 53 66 -1 35 160 ISO 434 186 Interest on long-term debt 2 1 2 4 5 5 5 6 8 I11 Profit remittances on EDI 7 45 32 32 32 35 38 35 40 43 Memo: official net transfers 17 15 39 22 -8 14 46 -19 56 15 private net transfers 5 -18 14 45 8 21 114 170 378 171 3. IMAJOR ECOINOMIC AGGREGATES Gross national product (GNP) 245 1,223 2,486 2,650 2,874 2,553 2,728 3,279 3,362 3,374 Exports of goods & services (XGS) .. 1,194 2,256 2.429 2,768 2,564 2,838 3,324 3,210 3,154 of which workers remittances .. 22 37 16 3 1 5 7 10 10 Imports of goods & ser-vices (MGS) .. 1,185 2,362 2,536 2,828 2.708 3,058 3,727 3,655 3,409 International reserves (RES) 159 1,246 1,492 1,375 1,308 1,402 1,890 1,620 1,636 Current account balance .. 39 -56 -7 30 -84 -132 -358 -357 -167 4. l)EBT INDICATORS EDT /XGS (% . 9.1 26.6 25.4 21.8 29.1 28.6 29.0 29.7 32.8 EDT /GNP (% . 8.8 24.2 23.3 21.0 29.2 29.7 29.4 28.3 30.6 TDS / XGS (%) .. 0.6 2.0 1.8 1.9 1.6 1.6 2.2 1.6 2.1 INT /XGS (%) .. 0.4 1.7 1.5 1.4 1.2 1.2 1.3 1.2 1.7 INT /'GNP (%) .. 0.4 1.6 1.4 1.3 1.2 1.2 1.3 1.1 1.6 RES / EDT (91) .. 1,151.0 248.4 223.0 216.8 187.9 233.2 168.3 171.8 RES / MGS (months) .. 12.6 7.6 6.5 5.6 6.2 7.4 5.2 5.4 Short-term / EDT (%) .. 20.3 79.3 76.2 78.5 82.9 80.1 83.4 74.3 69.1 Concessional / EDT (91) .. 74.5 18.0 18.1 15.8 11.7 9.9 7.9 6.9 5.4 Multilatera] I EDT (91) .. 5.8 3.9 6.8 6.9 5.5 7.5 4.4 4.2 3.5 365 MALTA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 .5. LON.G-IERM DEBI DEBT OUTSTANDING (LDOD) 25 86 125 146 129 128 162 160 245 320 Public and publicly guaranteed 25 86 125 146 129 128 162 160 145 125 Official creditors 25 85 125 146 129 128 162 140 130 113 Multilateral 5 6 23 42 42 41 61 42 40 36 Concessional 0 6 7 7 8 7 9 9 9 7 Bilateral 20 79 101 104 88 87 101 98 90 77 Concessional 7 75 101 104 88 80 72 67 58 49 Private creditors 0 1 0 0 0 0 0 20 16 12 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 1 0 0 0 0 0 20 16 12 Otlherprivate 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 100 195 Bonds 0 0 0 0 0 0 0 0 0 0 Comnmercial banks 0 0 0 0 0 0 0 0 100 195 Memo: IBRD 5 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 0 7 46 28 3 8 39 28 1o0 97 Public and publicly guaranteed 0 7 46 28 3 8 39 28 0 2 Official creditors 0 7 46 28 3 8 39 4 0 2 Multilateral 0 2 14 17 3 0 18 4 0 1 Concessional 0 2 0 1 2 0 1 0 0 0 Bilateral 0 5 32 11 0 8 22 1 0 0 Concessional 0 5 32 1 1 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 24 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 24 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nouguaranteed 0 0 0 0 0 0 0 0 t00 95 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 100 95 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 1 2 7 8 15 9 12 32 12 11 Public and publicly guaranteed 1 2 7 8 15 9 12 32 12 11 Official creditors 1 2 7 8 15 9 12 31 9 9 Multilateral 0 0 0 0 1 2 3 25 1 1 Concessional 0 0 0 0 0 0 0 0 0 0 Bilateral 0 1 6 7 15 7 9 6 8 8 Concessional 0 1 6 7 14 7 9 6 8 8 Private creditors 0 0 0 0 0 0 0 2 3 2 Bonds ( 0 0 0 0 0 0 0 0 0 Comnmercial banks 0 0 0 0 0 0 0 2 3 2 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT -1 5 40 21 -13 -1 27 -4 89 85 Public and publicly guaranteed -1 5 40 21 -13 -1 27 -4 -11 -10 Official creditors -1 5 40 21 -13 -1 27 -26 -9 -7 Multilateral 0 2 14 17 2 -2 15 -21 -1 0 Concessional 0 2 0 0 2 0 1 0 0 0 Bilateral 0 3 26 4 -15 1 13 -5 -8 -7 Concessional 0 4 26 4 -14 -7 -9 -6 -8 -8 Private creditors 0 0 0 0 0 0 0 22 -3 -2 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 22 -3 -2 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 100 95 Bonds 0 0 0 0 0 0 0 0 0 0 Comnmercial banks 0 0 0 0 0 0 0 0 100 95 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 366 MIALTA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 2 1 2 4 5 5 5 6 8 11 Public and publiclv guaranteed 2 1 2 4 5 5 5 6 5 5 Official creditors 2 1 2 4 5 5 5 6 5 4 Multilateral 0 0 0 2 2 3 3 3 2 2 Concessional 0 0 0 0 0 0 0 0 0 0 Bilateral 2 1 2 3 3 2 2 3 3 2 Concessional 0 1 2 3 3 2 2 2 2 2 Private creditors 0 0 0 0 0 0 0 0 1 1 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 1 1 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 3 6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 3 6 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -2 4 38 17 -17 -6 22 -10 81 74 Public and publicly guaranteed -2 4 38 17 -17 -6 22 -10 -17 -14 Official creditors -2 4 38 17 -17 -6 22 -32 -13 -12 Multilateral -1 2 14 16 0 -5 12 -24 -3 -2 Concessional 0 2 0 0 1 0 0 0 0 0 Bilateral -2 2 24 1 -17 -1 10 -8 -11 -10 Concessional -1 3 24 1 -17 -9 -12 -8 -10 -9 Private creditors 0 0 0 0 0 0 0 22 -3 -3 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 22 -3 -3 Other priv'ate 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 97 89 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 97 89 Memo: IBRD -1 -1 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 2 3 9 12 20 14 17 38 20 22 Public and publicly guaranteed 2 3 9 12 20 14 17 38 17 16 Official creditors 2 3 9 12 20 14 17 36 14 13 Multilateral 1 1 0 2 3 5 5 28 3 3 Concessional 0 0 0 0 0 0 0 0 0 0 Bilateral 2 2 9 10 17 9 12 9 1 1 10 Concessional 1 2 8 10 17 9 12 8 10 9 Private creditors 0 0 0 0 0 0 0 2 3 3 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 2 3 3 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 3 6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 3 6 Memo: IBRD 1 1 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 7 37 33 4 1 37 6 2 2 6 Official creditors 7 37 33 4 1 37 6 2 2 6 Private creditors 0 0 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 7 81 108 Ill. 96 87 80 76 66 56 Variable rate LDOD 0 0 0 0 0 0 0 0 100 195 Public sector LDOD 25 86 125 146 129 128 162 160 145 125 Private sector LDOD 0 0 0 0 0 0 0 0 100 195 6. CURRtENCY COMIPOMITION OF LOG-Th(ERM DEBT iPERC'E\FD Deutscbe mark 0.0 23.2 12.9 11.1 11.0 9.7 7.9 7.6 7.0 6.2 French franc 0.0 3.4 0.6 0.5 0.4 0.2 0.1 0.1 0.0 0.0 Japanese yen 0.0 0.0 9.2 13.3 14.8 15.6 13.5 16.6 14.3 12.9 Pound sterling 62.5 6.6 1.2 1.6 1.5 1.5 1.3 1.3 1.5 1.6 Swiss franc 0.0 4.5 0.0 4.3 4.3 4.1 3.3 0.0 0.0 0.0 U.S.dollars 0.0 10.8 33.9 31.9 34.7 33.8 30.1 29.4 30.1 31.9 Multiple currency 18.4 0.3 2.8 2.4 2.9 2.7 2.2 1.8 1.8 1.7 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 19.1 51.1 39.4 35.0 30.3 32.4 41.6 43.2 45.2 45.7 367 MALTA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBI" RESTR1LI.TLiRINCS Total amount rescheduled 0 0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 (1 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 S. DEBTl srfoCK-F~LO%~ R.ECONCTLIXF ION Total change in debt stocks ..191 16 -13 143 64 152 -10 81 Net flows on debt 185 15 -9 143 58 149 -6 92 Net change in interest arrears ...0 0 0 0 0 0 0 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 0 0 Cross-currency valuation ...4 1 -3 0 8 3 -5 -23 Residual ...2 0 -2 0 -2 0 1 13 9. -%%ERI(.,E TERMIS OF NEW~ C.ON1~ITMI'ENTIS ALL CREDITORS Tinterest (% 9.1 0.0 7.5 0.0 0.0 3.2 8.4 3.7 0.0 6.3 Maturity (years) 25.6 22.0 14.9 0.0 0.0 19.3 12.0 8.0 0.0 10.0 Grace period (years) 1.6 11.5 3.4 0.0 0.0 5.4 6.0 0.5 0.0 6.0 Grant element (%) 5.7 78.8 13.3 0.0 0.0 10.0 7.9 19.8 0.0 19.4 Official creditors Interest (%) 9.1 0.0 7.5 0.0 0.0 3.2 8.4 0.0 0.0 6.3 Maturity (years) 25.6 22.0 14.9 0.0 0.0 19.3 12.0 0.0 0.0 10.0 Grace period (years) 1.6 11.5 3.4 0.0 0.0 5.4 6.0 0.0 0.0 6.0 Grant element (%) 5.7 78.8 13.3 0.0 0.0 10.0 7.9 0.0 0.0 19.4 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 19.8 0.0 0.0 Memorandum items Commitments 8 4 13 0 0 46 7 24 0 6 Official creditors 8 4 13 0 0 46 7 0 0 6 Private creditors 0 0 0 0 0 0 0 24 0 0 I o. t-oNTrkxcWIU-.AL OBLIC; %TIlOS ON OUtThI G\lU I. l.O .- 1-FR..N DE BT 1998 1999 2000 2001 2002 2003 2004 -2005 2006 2007 TOTAL Disbursements 1 3 2 1 0 0 0 0 0 0 Principal 66 66 68 41 13 12 1 1 10 8 7 Interest 14 10 7 4 3 3 2 2 1 1 Official creditors Disbursements 1 3 2 1 0 0 0 0 0 0 Principal 8 8 10 11 10 11 11 10 8 7 Interest 4 4 4 3 3 3 2 2 1 1 Bilateral creditors Disbuirsements 0 0 0 0 0 0 0 0 0 0 Principal 6 6 7 7 7 6 6 6 5 5 Interest 2 2 2 1 1 1 1 1 1 1 Multilaterat creditors Disbursements 1 3 2 1 0 0 0 0 0 0 Principal 2 2 3 3 4 5 5 4 4 3 Interest 2 22 2 2 2 1 1 1 0 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 58 58 58 30 2 1 0 0 0 0 Interest 10 7 3 1 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 22 2 2 2 1 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principai 56 56 56 28 0 0 0 0 0 0 Interest 10 6 3 0 0 0 0 0 0 0 368 AMAURITANIA (US$ million, uinless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997- I. SLUNI!%I-AR DEBU IIAI 5k TOTAIL DEBT STOCKS (EDT) .. 840 2,096 2,188 2,088 2,141 2,223 2,350 2,412 2,453 Long-term debt (LDOD) 26 713 1,789 1,819 1,825 1,903 1,990 2,081 2,125 2,037 Public and publicly guaranteed 26 713 1,789 1,819 1,825 1,903 1,990 2,081 2,125 2,037 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 62 70 57 58 63 86 100 107 113 Short-term debt .. 65 238 313 205 174 148 169 180 304 of which interest arrears on LDOD .. 10 64 88 113 94 72 79 81 86 Official creditors ..9 57 77 100 93 70 77 81 86 Private creditors 1 7 11 14 2 2 3 0 0 Memo: principal arrears on LDOD .. 44 141 223 288 198 192 174 175 193 Official creditors .. 24 120 186 236 195 187 169 175 193 Private creditors .. 21 21 37 52 4 5 5 0 0 Memo: export credits ... 230 217 196 187 148 156 147 186 TOTAL DEBT FLOWS Disbursements 5 155 148 71 145 179 163 133 176 105 Long-term debt 5 126 137 71 133 167 139 III 155 86 IMF purchases 0 30 12 0 12 12 24 22 21 20 Principal repayments 3 26 99 62 61 82 63 79 82 70 Long-term debt 3 17 83 48 53 76 57 70 72 62 IMP repurchases 0 9 16 13 8 6 6 9 10 8 Net flows on debt 1 129 102 60 -49 85 96 68 103 155 of which short-term debt ... 53 51 -133 -12 -4 14 9 119 Interest payments (INT) .. 22 47 36 26 47 42 38 35 44 Long-term debt 0 13 35 25 20 42 38 33 30 35 IMF charges 0 2 3 2 1 0 0 1 1 1 Short-term debt ..7 9 10 6 4 4 5 4 8 Net transfers on debt .. 108 55 24 -74 39 54 30 68 III Total debt service paid (TDS) .. 48 146 98 87 128 106 117 116 114 Long-term debt 4 30 118 74 72 118 96 102 102 98 IMF repurchases and charges 0 11 19 15 9 7 6 10 11 8 Short-term debt (interest only) ..7 9 10 6 4 4 5 4 8 2.-.A(GREG.A IE NETr RE,%OtR( F FL flN S ANTD NETI FR.AMSFE RS i LONG -TERMNt NET RESOURCE FLOWS 5 197 138 139 194 281 210 184 264 183 Net flow of long-term debt (ex. IMF) 1 108 54 23 81 91 82 42 83 23 Foreign direct investment (net) 1 27 7 2 8 16 2 7 5 3 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 3 61 78 114 106 173 127 135 176 156 Memo: technical coop. grants 4 29 53 48 53 57 46 5 1 49 48 official net resource flows 6 169 133 139 189 265 208 177 234 181 private net resource flows -1 27 6 0 5 16 2 7 30 2 NET TRANSFERS -8 161 103 113 173 236 169 149 230 145 Interest on long-term debt 0 13 35 25 20 42 38 33 30 35 Profit remittances on FDI 13 23 1 1 2 3 3 3 4 3 Memo: official net transfers 5 160 98 115 170 223 170 145 205 148 private net transfers -14 1 4 -2 3 13 -1 4 26 -3 3. MA JORl FtLON(Ifl R; EVE Gross national product (GNP) 196 672 961 1,069 1,124 875 974 1,015 1,038 1,046 Exports of goods & services (XGS) .. 275 488 481 478 427 432 511 525 443 of which workers remittances ..6 14 12 50 2 5 5 5 5 Imports of goods & services (MGS) .. 493 570 585 670 683 581 559 701 588 International reserves (RES) .. 146 59 72 65 49 44 90 146 204 Current account balance .. 133 -10 -30 -118 -174 -70 22 4. I)EBT INI)ICAIORN EDT /XGS (% . 304.8 429.4 455.2 436.8 500.9 515.1 459.8 459.5 553.8 EDT /GNP (% . 125.0 218.2 204.7 185.8 244.7 228.2 231.4 232.4 234.5 TDS /XGS (% . 17.3 29.9 20.4 18.2 30.0 24.4 22.9 22.2 25.6 INT /XGS (% . 7.9 9.7 7.6 5.4 10.9 9.8 7.5 6.6 9.9 INT /GNP (% . 3.2 4.9 3.4 2.3 5.3 4.3 3.8 3.3 4.2 RES /EDT (% . 17.4 2.8 3.3 3.1 2.3 2.0 3.8 6.0 8.3 RES /MGS (months) .. 3.6 1.2 1.5 1.2 0.9 0.9 1.9 2.5 4.2 Short-term / EDT (%) .. 7.7 11.3 14.3 9.8 8.1 6.7 7.2 7.5 12.4 Concessionat / EDT (% . 62.6 61.1 60.7 63.6 71.1 71.9 71.8 72.1 69.2 Multilateral, EDT (%) .. 14.8 31.2 31.0 34.1 34.4 38.4 39.4 39.4 38.2 369 MAURITANIA (US$ million, unless otherwise indicated) 1970 1980 1990 7991 1992 1993 1994 1995 1996 1997 5. L-ONG-TER-M DE.BT DEBT OUTSTANDING (LDOD) 26 713 1,789 1,819 1,825 1,903 1,990 2,081 2,125 2,037 Public and publicly guaranteed 26 713 1,789 1,819 1,825 1,903 1,990 2,081 2,125 2,037 Official creditors 18 582 1,692 1,725 1,738 1,885 1,981 2,073 2,100 2,013 Multilate-ral 6 125 654 677 712 736 854 925 950 938 Concessional 6 106 453 486 497 536 634 704 755 774 Bilateral 13 458 1,038 1,048 1,025 1,148 1.127 1,148 1,150 1,075 Concessional 8 420 828 842 831 985 964 984 984 924 Private creditors 8 131 97 94 88 19 9 8 25 24 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 16 0 0 0 0 0 0 0 0 Other private 8 115 97 94 88 19 9 8 25 24 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 54 43 30 19 13 11 8 6 IDA 5 38 210 224 229 256 301 336 360 373 DISBURSEMENTS 5 126 137 71 133 167 139 III 155 86 Public and publicly guaranteed 5 126 137 71 133 167 139 Ill 155 86 Official creditors 4 112 136 71 133 167 139 Ill 130 86 Multilateral 2 27 112 54 112 98 118 88 98 79 ConcessioDal 2 12 65 41 51 72 91 78 82 72 Bilateral 2 85 24 17 22 69 21 24 33 7 Concessional 2 84 24 17 22 69 21 23 32 5 Private creditors 1 14 0 0 0 0 0 0 25 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 1 14 0 0 0 0 0 0 25 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 2 4 39 14 13 28 35 31 36 34 PRINCIPAL REPAYMENTS 3 17 83 48 53 76 57 70 72 62 Public and publicly guaranteed 3 17 83 48 53 76 57 70 72 62 Official creditors 1 4 81 46 51 75 57 70 72 61 Multilateral 0 2 66 37 44 60 42 35 56 39 Concessional 0 1 16 15 20 24 18 18 20 19 Bilateral 1 2 15 9 7 16 15 34 16 22 Concessional 1 2 1 1 6 6 16 15 19 16 20 Private creditors 2 13 1 2 2 0 0 0 0 2 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 5 0 0 0 0 0 0 0 0 Other private 2 9 1 2 2 0 0 0 0 2 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 11 11 12 13 8 2 2 2 IDA 0 0 1 1 1 1 1 2 2 2 NET FLOWS ON DEBT 1 108 54 23 81 91 82 42 83 23 Public and publicly guaranteed 1 108 54 23 81 91 82 42 83 23 Official creditors 3 108 55 25 83 92 82 42 58 25 Multilateral 2 25 46 18 68 38 77 53 42 40 Concessional 2 12 50 27 31 49 73 60 62 54 Bilateral 1 83 9 8 15 54 5 -11 17 -15 Concessional 1 82 13 1 1 16 54 5 4 16 -15 Private creditors -2 0 -1 -2 -2 0 0 0 25 -2 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -5 0 0 0 0 0 0 0 0 Other private -2 5 -1 -2 -2 0 0 0 25 -2 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 -11 -11 -12 -13 -8 -2 -2 -2 IDA 2 4 38 13 12 27 33 29 34 32 370 MAURITANIA (US$ million, uinless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0 13 35 25 20 42 38 33 30 35 Public and publicly guaranteed 0 13 35 25 20 42 38 33 30 35 Official creditors 0 9 34 25 19 42 38 33 30 34 Multilateral 0 3 20 14 14 27 24 15 21 19 Conecessional 0 2 7 6 7 10 13 8 11 11 Bilateral 0 6 14 11 6 15 15 17 9 14 Concessional 0 6 6 6 4 10 10 10 8 9 Private creditors 0 4 1 1 0 0 0 0 0 2 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 0 0 0 0 0 0 0 0 Other private 0 2 1 1 0 0 0 0 0 2 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 5 4 3 2 1 1 1 1 IDA 0 0 1 2 2 2 2 2 3 3 NET TRANSFERS ON DEBT 1 96 19 -2 61 49 43 9 53 -12 Public and publicly guaranteed 1 96 19 -2 61 49 43 9 53 -12 Official creditors 3 99 21 1 64 49 44 10 29 -9 Multilateral 2 23 25 4 54 11 53 37 21 21 Concessional 2 9 43 21 25 39 60 52 52 43 Bilateral 0 77 -5 -3 9 38 -9 -28 8 -30 Concessional 1 76 8 5 12 44 -5 -6 8 -24 Private creditors -2 -4 -2 -3 -3 0 0 0 25 -3 Bonds 0 0 0 0 0 0 0 0 0 0 Commercrial banks 0 -7 0 0 0 0 0 0 0 0 Other private -2 3 -2 -3 -3 0 0 0 25 -3 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commiercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 -16 -15 -15 -15 -9 -3 -3 -2 IDA 2 4 37 1 I 11 25 3 1 26 32 29 DEBT SERVICE (LTDS) 4 30 118 74 72 118 96 102 102 98 Public and publicly guaranteed 4 30 118 74 72 118 96 102 102 98 Official creditors 1 13 116 71 70 118 95 102 102 94 Multilateral 0 5 87 50 57 86 66 51 77 58 Concessional 0 3 22 20 27 34 31 26 31 29 Bilateral 1 8 29 20 13 31 30 51 25 36 Concessional 1 8 17 12 10 26 25 29 24 29 Private creditors 2 17 2 3 3 0 0 0 0 3 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 7 0 0 0 0 0 0 0 0 Other private 2 10 2 3 3 0 0 0 0 3 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonids 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 16 15 15 15 9 3 3 2 IDA 0 1 2 3 3 3 3 4 4 5 UNDISBURSED DEBT 16 682 621 619 528 525 456 421 371 279 Official creditors 1 1 653 616 619 528 525 456 421 371 279 Private creditors 5 29 5 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 14 526 1,281 1,328 1,328 1,521 1,598 1,688 1,739 1,698 Variable rate LDOD 0 17 131 128 121 132 132 136 138 131 Public sector LDOD 26 713 1,789 1,819 1,825 1,903 1,990 2,081 2,125 2,037 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6.. 1'URRIŹNCY COMPOSITION OF l.ONG-TERMI D)EBI iPERC EN' TI Deutsche mark 0.0 3.1 0.5 0.4 0.4 0.3 0.3 0.3 0.3 0.3 French franc 49.0 7.2 5.3 5.8 6.3 6.5 7.4 8.2 7.8 7.2 Japanese yen 0.0 0.0 1.3 1.3 1.2 3.4 3.5 3.1 3.5 3.4 Pound sterling 0.0 0.2 0.6 0.6 0.5 0.6 0.6 0.5 0.6 0.6 Swiss franc 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 236 43.1 34.6 34.7 34.4 35.3 34.7 34.8 36.4 38.1 Multiple currency 2.7 2.9 4.2 3.7 3.2 2.5 2.1 1.9 1.7 1.5 Special drawing rights 0.0 0.0 2.1 2.1 2.1 2.1 2.2 2.4 2.4 2.4 All other currencies 24.7 43.2 51.4 51.4 51.9 49.4 49.1 48.7 47.3 46.5 371 MAURITANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7.DEBT RI-S'TR['CrtL'RJNGS Total amount rescheduled 0 0 1 1 0 0 177 67 60 68 12 Debt stock rescheduled 0 0 0 0 0 0 0 0 17 0 Principal rescheduled 0 0 7 0 0 131 51 39 29 5 Official 0 0 5 0 0 74 42 38 29 5 Private 0 0 3 0 0 58 9 1 0 0 Interest rescheduled 0 0 5 0 0 36 12 12 13 3 Official 0 0 4 0 024 1 1 12 13 3 Private 0 0 1 0 0 12 0 0 0 0 Debt forgiven ..61 0 0 23 6 13 1 9 Memo: interest forgiven I.. 0 0 8 1 2 2 2 Debt stock reductiort 0 0 0 0 4 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 S. D)FBT S I(K K-fl 0W RLCONCII L-XTI0N Total change in debt stocks ... 139 92 -100 53 83 126 63 41 Net flows on debt ... 102 60 -49 85 96 68 103 155 Net change in interest arrears ... 21 25 26 -19 -22 7 2 5 Interest capitalize-d ...5 0 0 36 12 12 13 3 Debt forgiveness or reduction ... -61 0 -4 -23 -6 -13 -1 -9 Cross-currency valuation ... 55 -7 -58 -18 46 44 -47 -77 Residual ... 18 14 -15 -9 -43 8 -7 -35 9. AV'E R.AGL TERMS OF N E %V COMMI NIf E N-rs ALL CREDITORS Interest (%) 6.0 3.6 3.1 2.0 1.5 2.0 2.0 1.1 3.6 1.8 Maturity (years) 10.6 27.9 29.7 24.8 31.5 30.9 28.0 34.7 27.9 33.6 Grace period (years) 2.9 14.8 8.4 8.7 8.2 8.0 7.7 9.7 6.3 7.8 Grant element (%) 18.9 48.5 56.1 60.4 66.7 63.4 61.3 75.1 49.9 66.8 Official creditors Interest (%) 3.2 2.7 3.1 2.0 1.5 2.0 2.0 1.1 2.2 1.8 Maturity (years) 20.8 31.3 29.7 24.8 31.5 30.9 28.0 34.7 32.4 33.6 Grace period (years) 5.4 17.2 8.4 8.7 8.2 8.0 7.7 9.7 7.9 7.8 Grant element (%) 44.4 56.5 56.1 60.4 66.7 63.4 61.3 75.1 61.7 66.8 Private creditors Interest (% 6.7 7.7 0.0 0.0 0.0 0.0 0.0 0.0 8.8 0.0 Maturity (yeats) 8.3 11.4 0.0 0.0 0.0 0.0 0.0 0.0 10.0 0.0 Grace period (yeats) 2.4 2.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 13.2 10.0 0.0 0.0 0.0 0.0 0.0 0.0 3.9 0.0 Memorandum items Commitments 7 211 216 86 77 181 65 114 121 64 Official creditors 1 175 216 86 77 181 65 114 96 64 Private creditors 6 36 0 0 0 0 0 0 25 0 lii. CONITRAcTL %L OF1l.16A. 1lIONS 0% (IL,'I'SlANDINI LONG-TERMI DEBY 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAIL Disbursements 80 69 48 29 17 8 4 1 1 0 Principal 104 102 104 97 97 93 86 87 74 66 Interest 45 43 41 38 35 32 29 27 25 23 Ofricial creditors Disbursements 80 69 48 29 17 8 4 1 1 0 Principal 102 100 102 94 94 90 83 84 72 66 Interest 43 41 39 36 33 31 28 26 24 23 Bilateral creditors Disbursements 6 4 2 1 1 0 0 0 0 0 Principal 57 51 48 47 48 46 40 40 35 31 Interest 24 23 22 21 19 18 17 16 16 15 Multilateral creditors Disbursements 74 65 46 28 16 8 4 1 1 0 Principal 45 49 53 47 46 44 43 44 37 34 Interest 19 18 17 16 14 13 11 10 9 8 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 2 2 2 3 3 3 3 4 2 0 Interest 2 2 2 1 1 1 1 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 00 Prinicipal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 2 2 2 3 3 3 3 4 2 0 Interest 2 2 2 1 1 1 1 0 0 0 372 MAURITIUS (US$ million, unless otherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 I. SU-lM_IARY DEBT RATA~ TOTAL DEBT STOCKS (EDT) 467 985 1,043 1,051 1,008 1,382 1,756 1,818 2,472 Long-term debt (LDOD) 32 318 911 989 943 900 1,098 1,415 1,399 1,976 Public and publicly guaranteed 32 294 764 817 748 733 852 1,148 1,153 1,187 Private nonguaranteed 0 24 148 172 195 167 245 267 246 789 Useof IMF credit 0 102 22 0 0 0 0 0 0 0 Short-term debt 47 52 54 108 108 285 342 419 496 of which interest arrears on LDOD 0 2 4 2 2 2 1 0 0 Official creditors 0 1 2 2 2 1 1 0 0 Private creditors 0 1 2 0 0 1 0 0 0 Memo: principal arrears on LDOD 2 5 7 8 11 1 0 0 0 Official creditors 2 4 7 8 1 1 1 0 0 0 Private creditors ..0 1 0 0 0 0 0 0 0 Memo: export credits .. 21 198 166 141 207 226 216 260 TOTAL DEBT FLOWS Disbursements 2 143 162 173 127 105 186 409 140 827 Long-term debt 2 97 162 173 127 105 186 409 140 827 IMF purchases 0 46 0 0 0 0 0 0 0 0 Principal repayments 5 19 104 117 128 83 103 154 108 136 Long-term debt 1 19 60 95 128 83 103 154 108 136 IMF repurchases 4 0 44 21 0 0 0 0 0 0 Net flows on debt -3 124 76 56 55 22 260 312 110 768 of which short-term debt ..18 0 56 0 177 58 78 77 Interest payments (INT) 34 52 56 56 46 56 72 90 147 Long-term debt 2 23 43 50 53 42 45 56 71 123 IMF charges 0 3 5 2 0 0 0 0 0 0 Short-teem debt ..8 5 5 3 4 10 16 19 23 Net transfers on debt 90 24 0 -1 -24 204 241 21 621 Total debt service paid (TDS) -. 52 156 173 184 129 159 225 198 283 Long-termn debt 3 41 103 145 180 125 148 210 179 259 IMF repurchases and charges 4 3 49 23 0 0 0 0 0 0 Short-term debt (interest only) ..8 5 5 3 4 10 16 19 23 2. AGG;REG.%TE NE T RESOuIRCE f LOWS AND NET TRANSFERN L IONG-TERMi NET RESOURCE FLOWS 5 93 168 109 26 69 125 301 116 781 Net flow of long-term debt (ex. IMF) 1 79 102 77 -1 22 83 255 32 691 Foreign direct investment (net) 2 1 41 17 15 15 20 19 37 53 Portfolio equity flows 0 0 0 0 0 17 10 4 34 24 Grants (excluding technical coop.) 3 13 25 15 12 15 12 23 13 13 Memo: technical coop. grants 1 1 1 20 21 21 18 21 25 24 24 official net resource flows 4 45 82 62 -9 24 -10 2 4 10 private net resource flows 1 49 86 48 35 45 135 298 112 771 NET TRANSFERS 3 69 102 39 -49 7 58 225 25 636 Interest on long-term debt 2 23 43 50 53 42 45 56 71 123 Profit remittances on FDI 1 1 22 21 22 20 22 20 20 22 Memo: official net transfers 3 38 49 26 -48 -11 -45 -33 -29 -20 private net transfers -1 32 53 14 0 18 102 258 54 655 3. M[AJOR ECONONIKl AUr(;RE(GA I-FS Gross national product (GNP) 222 1,109 2,620 2,837 3,200 3,199 3.479 3,948 4,259 4,362 Exports of goods & services (XGS) .. 579 1,778 1,864 2,003 1,971 2,041 2,402 2,805 2,591 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 718 1,995 1,964 2,097 2,164 2,377 2,525 2,888 2,832 International reserves (RES) .. 113 761 915 841 781 771 887 919 721 Current account balance .. 117 -119 -17 0 -92 -232 -22 32 -115 4. DE:BT INDICATORS EDT/XGS (%) .. 80.8 55.4 56.0 52.5 51.2 67.7 73.1 64.8 95.4 EDT /GNP (% . 42.1 37.6 36.8 32.8 31.5 39.7 44.5 42.7 56.7 TDS /XGS (% . 9.0 8.8 9.3 9.2 6.5 7.8 9.4 7.1 10.9 INT /XGS (%7) .. 5.8 2.9 3.0 2.8 2.3 2.7 3.0 3.2 5.7 INT, /GNP (% . 3.0 2.0 2.0 1.8 1.4 1.6 1.8 2.1 3.4 RES /EDT (% . 24.1 77.2 87.7 80.0 77.5 55.8 50.5 50.6 29.2 RES /MGS (months) .. 1.9 4.6 5.6 4.8 4.3 3.9 4.2 3.8 3.1 Short-term / EDT (%) .. 10.1 5.3 5.2 10.3 10.7 20.6 19.4 23.1 20.1 Concessional / EDT (% . 13.8 35.4 37.6 36.5 38.0 30.1 25.0 22.1 13.9 Multilateral / EDT (%) .. 16.6 31.7 29.6 26.4 27.4 19.9 15.4 13.9 9.9 373 MAURITIUS (US$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 S. 1-0N--T-ERNI% DEBI' DEBT OUTSTANDING (LDOD) 32 318 911 989 943 900 1,098 1,415 1,399 1,976 Public and publicly guaranteed 32 294 764 817 748 733 852 1,148 1,153 1,187 Official creditors 21 154 649 697 637 625 650 664 615 554 Multilateral 6 78 312 308 278 276 275 270 253 245 Concessional 0 25 64 62 58 63 65 69 65 60 Bilateral 16 76 337 388 359 349 375 394 363 310 Concessional 6 39 285 331 325 320 351 371 338 284 Private creditors 10 141 115 120 III 108 203 484 537 632 Bonds 9 0 0 0 0 0 0 150 150 150 Commercial banks 2 138 102 101 92 88 178 315 331 426 Other private 0 3 13 19 1 9 20 25 1 9 56 56 Private nonguaranteed 0 24 148 172 195 167 245 267 246 789 Bonds 0 0 0 0 0 0 0 0 0 600 Commercial banks 0 24 t48 172 195 167 245 267 246 189 Memo: IBRD 6 35 176 167 151 149 147 140 124 ill IDA 0 20 19 19 18 18 17 17 16 iS DISBURSEMENTS 2 97 162 173 127 105 186 409 140 827 Public and publicly guaranteed 2 93 104 117 87 77 145 353 122 216 Official creditors 2 36 97 97 64 65 36 39 s0 75 Multilateral 0 18 23 21 16 29 14 18 33 42 Concessional 0 3 7 1 2 10 3 5 3 3 Bilateral 2 1 6 74 76 48 316 22, 21 17 33 Concessional 1 13 65 63 47 32 22 18 10 27 Private creditors 0 56 8 20 23 12 109 313 73 141 Bonds 0 0 0 0 0 0 0 150 0 0 Commercial banks 0 56 0 14 17 9 102 159 29 121 Other private 0 0 7 6 6 2 7 5 43 20 Private nonguaranteed 0 4 57 56 40 28 41 56 18 611 Bonds 0 0 0 0 0 0 0 0 0 600 Commercial banks 0 4 57 56 40 28 41 56 18 1 1 Memo: IBRD 0 7 6 7 9 16 10 1 1 14 17 IDA 0 1 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 1 19 60 95 128 83 103 154 108 136 Public and publicly guaranteed 1 15 44 65 11-2 69 76 94 73 112 Official creditors 1 5 39 50 84 57 58 61 58 78 Multilateral 0 2 22 27 35 31 34 33 30 31 Concessional 0 0 3 2 3 3 4 3 3 4 Bilateral 0 3 17 23 49 26 25 27 28 48 Concessional 0 2 12 1 7 28 20 17 22 24 43 Private creditors I 10 4 15 28 12 18 33 15 34 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks I 8 4 15 25 12 14 22 1 1 19 Other private 0 1 0 0 2 0 3 12 4 15 Private nonguaran teed 0 4 16 31 16 14 27 60 35 24 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 4 16 31 16 14 27 60 35 24 Memo. IBRD 0 2 16 19 22 21 22 23 20 21 IDA 0 0 0 0 0 1 1 1 1 1 NET FLOWS ON DEBT 1 79 102 77 -1 22 83 255 32 691 Public and publicly guaranteed 1 78 61 52 -25 8 69 259 49 104 Official creditors 2 31 57 47 -21 9 -22 -21 -9 -3 Mtultilateral 0 16 1 -7 -19 -1 -20 -15 3 12 Concessional 0 3 4 -2 -1 7 -2 2 0 0 Bilateral 2 15 57 54 -2 10 -2 -6 -12 -15 Concessional 0 11 53 46 19 13 5 -4 -14 -17 Private creditors -1 47 3 6 -5 -1 91 280 58 107 Bonds 0 0 0 0 0 0 0 150 0 0 Commercial banks -1 48 -4 0 -8 -3 88 137 18 102 Other private 0 -1 7 6 3 2 3 -7 39 5 Private nonguarantleed 0 0 41 25 25 14 13 -4 -17 587 Bonds 0 0 0 0 0 0 0 0 0 600 Commercial banks 0 0 41 25 25 14 13 -4 -17 -13 Memo. IBRD 0 5 -10 -13 -12 -6 -12 -13 -7 -4 IDA 0 1 0 0 0 -1 -1 -1 -1 -1 374 MAURITIUS (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 2 23 43 50 53 42 45 56 71 123 Public and publicly guaranteed 2 20 37 45 47 39 41 50 66 61 Official creditors 1 7 33 36 40 35 35 36 33 29 Multilateral 0 4 19 20 20 17 17 16 15 13 Concessional 0 0 1 1 1 1 1 1 1 1 Bilateral 1 3 14 16 21 18 18 19 18 16 Concessional 0 1 9 10 15 15 15 17 16 14 Private creditors 1 13 4 8 7 4 7 15 33 32 Bonds 1 0 0 0 0 0 0 0 10 10 Comnmercial banks 0 13 3 8 6 4 5 12 21 20 Other private 0 0 1 0 1 0 2 2 1 2 Private nonguaranteed 0 3 6 5 6 4 4 6 5 62 Bonds 0 0 0 0 0 0 0 0 0 60 Commercial banks 0 3 6 5 6 4 4 6 5 2 Memo: IBRD 0 3 14 13 12 1 1 1 1 11 9 8 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -1 56 59 28 -53 -21 37 199 -39 568 Public and publicly guaranteed -1 58 24 8 -72 -31 28 209 -17 43 Official creditors 1 24 24 1 1 -60 -26 -57 -57 -42 -32 Multilateral -1 12 -19 -27 -38 -18 -36 -32 -12 -2 Concessiona] 0 3 3 -3 -2 6 -3 1 -2 -1 Bilateral 1 12 43 38 -22 -8 -20 -25 -30 -31 Concessional 0 11 44 36 4 -2 -10 -21 -30 -31 Private creditors -2 34 -1 -3 -12 -5 85 265 25 75 Bonds -1 0 0 0 0 0 0 150 -10 -10 Commercial banks -1 35 -7 -8 -14 -6 83 125 -3 82 Other private 0 -1 7 5 2 2 1 -9 38 3 Private nonguaranteed 0 -2 35 20 19 10 9 -10 -22 525 Bonds 0 0 0 0 0 0 0 0 0 540 Comnmercial banks 0 -2 35 20 19 10 9 -10 -22 -15 Memo: IBRD -1 2 -24 -26 -25 -17 -23 -24 -16 -12 IDA 0 1 0 0 -1 -1 -1 -1 -1 -1 DEBT SERVICE (LTDSJ 3 41 103 145 180 125 148 210 179 259 Public and publicly guaranteed 3 35 81 109 159 107 117 144 139 173 Official creditors 2 12 73 86 124 92 93 96 91 107 Multilateral 1 7 42 48 54 48 50 50 45 44 Concessionsl 0 0 4 4 4 4 54 4 4 Bilateral 1 6 31 39 70 44 43 47 47 64 Concessions] 0 2 21 27 43 34 32 39 40 57 Private creditors 2 22 8 23 35 16 24 48 48 66 Bonds 1 0 0 0 0 0 0 0 10 10 Commercial banks 1 21 7 23 31 16 19 34 32 39 Other private 0 1 1 1 4 0 5 14 5 1 7 Private nonguaranteed 0 7 22 36 21 18 31 66 40 86 Bonds 0 0 0 0 0 0 0 0 0 60 Commercial banks 0 7 22 36 21 18 31 66 40 26 Memo: IBRD 1 4 30 32 34 32 33 34 30 29 IDA 0 0 0 0 1 1 1 1 1 1 UNDISBURSED DEBT 15 175 246 260 247 250 296 485 383 299 Official creditors 15 172 233 229 227 219 267 384 355 2-82 Private creditors 0 3 13 31 19 31 29 101 28 17 Memorandum items Concessions] LDOD 6 65 349 393 383 383 416 439 402 345 Variable rate LDOD 2 150 281 318 337 317 488 802 780 1,333 Public sector LDOD 32 294 764 817 748 733 852 1,148 1,153 1,187 Private sector LDOD 0 24 148 172 195 167 245 267 246 789 6. CL RRE%CI COMPOSITION OF LONG-TERM DEBI' PERCENI I Deutsche mark 0.0 0.0 6.3 5.4 5.1 4.4 3.7 2.6 2.1 1.3 French franc 0.0 14.2 23.6 28.9 31.5 30.2 27.6 22.7 20.5 18.0 Japanese yen 0.0 0.0 1.0 1.3 1.8 2.5 2.6 1.2 4.5 4.2 Pound sterling 82.2 18.4 8.7 7.4 3.6 3.3 2.6 1.8 1.6 1.4 Swiss franc 0.0 0.0 0.5 0.4 0.4 0.3 0.3 0.2 0.1 0.1 U.S.dollars 0.0 46.1 14.4 14.1 14.4 13.6 22.5 42.3 44.2 52.5 Multiple currency 17.6 13.3 25.2 22.7 22.4 22.7 19.5 14.1 12.7 11.3 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 0.2 8.1 20.2 19.8 20.9 23.0 21.2 15.1 14.3 11.2 375 MAURITIUS (US$ million, unless otherwvise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. D)EBT RL STRL(-I I RINGS Total amount rescheduled 0 0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 11 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven ..0 0 0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8. Jk I F(K-I.1~RECO N(II.11 I O.N Total change in debt stocks ... 139 58 8 -43 374 374 61 654 Net flows n debt ... 76 56 55 22 260 312 110 768 Net change in interest arrears ...2 2 -2 0 0 -1 -1 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 0 0 Cross-currency valuation ... 74 -9 -51 -32 58 38 -47 -98 ResiduaJ .. -13 9 5 -33 57 25 -1 -16 9. ANVFH-N;L [RIRtS OF NIA" L OIN1IrI1.NIN1 S ALL CREDITORS Interest (%) 0.0 10.6 6.0 5.6 5.0 4.8 5.4 6.0 4.1 6.7 Maturity (years) 24.2 13.6 17.9 18.1 18.0 14.9 16.0 9.6 16.3 10.2 Grace period (years) 1.7 4.2 6.3 6.3 4.7 4.3 3.3 4.9 3.8 0.7 Grant element (%) 64.6 7.3 26.7 28.2 30.1 29.1 26.6 19.4 34.2 12.5 Official creditors Interest (%7) 0.0 5.2 6.0 5.1 4.8 4.5 4.0 5.2 4.1 4.4 Maturity (years) 24.2 19.6 17.9 19.1 19.3 17.0 20.4 17.5 16.3 13.4 Grace period (years) 1.7 5.4 6.3 7.9 5.1 4.9 6.4 6.3 3.8 3.3 Grant element (%) 64.6 30.6 26.7 33.3 32.2 33.5 41.3 31.0 34.2 29.3 Private creditors Interest (%) 0.0 18.4 0.0 7.0 5.9 5.6 6.8 6.3 0.0 6.9 Maturity (years) 0.0 5.0 0.0 15.7 9.3 8.9 11.9 6.1 0.0 9.8 Grace period (years) 0.0 2.5 0.0 2.0 2.1 2.4 0.4 4.3 0.0 0.5 Grant element (%) 0.0 -26.5 0.0 14.9 15.8 16.5 12.7 14.3 0.0 10.7 Memorandum items Commitments 14 111 137 136 90 90 210 559 37 144 Officiat creditors 14 66 137 99 79 67 102 170 37 14 Private creditors 0 45 0 38 12 23 108 389 0 130 JO. CONTRACI L U 11.H IN I U.tNI( OGTRID 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 92 74 52 35 20 13 7 3 2 1 Principal 133 133 425 122 119 115 710 97 105 70 Interest 143 140 130 109 103 98 92) 26 20 13 Official creditors Disbursements 75 74 52 35 20 13 7 3 2 1 Principal 60 60 62 64 65 63 60 57 54 51 Interest 30 29 29 27 25 22 20 17 14 12 Bilateral creditors Disbuirsements 42 29 18 10 5 2 1 1 0 0 Principal 27 26 28 31 34 32 32 32 29 28 Interest 16 16 15 14 13 12 10 9 7 6 Multilateral creditors Disbursements 33 45 34 25 15 11 6 2 2 0 Principal 34 34 34 33 32 31 28 26 24 23 Interest 14 14 13 13 12 11 9 8 7 6 Private creditors Disbursements 17 0 0 0 0 0 0 0 0 0 Principal 73 73 363 57 53 52 650 40 52 19 Interest 114 Ill tOt 82 79 76 72 9 6 1 Commercial banks Disbursements 17 0 0 0 0 0 0 0 0 0 Principal 38 37 181 27 28 29 28 21 39 11 Interest 34 32 29 17 14 12 10 7 5 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 35 36 182 30 25 24 623 18 13 7 Interest 80 79 72 65 64 64 63 2 1 0 376 MEXICO (USS million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. -S1'INI %R D)EBT D %]TA TOTAL DEBT STOCKS (EDT) 57,365 104,431 114,059 112,259 131,567 140,002 166,780 157,848 149,690 Long-term debt (LDOD) 5,964 41,202 81,797 85,436 81,775 90,522 96,819 113,651 114,501 112,095 Public and puiblicly guaranteed 3,194 33,902 75,962 77,816 71,100 74,983 79,331 95,064 94,161 84,775 Private nonguaranteed 2,770 7:300 5,835 7,620 10,675 15,539 17,489 18,587 20,340 27,320 Use of IMF credit 0 0 6,551 6,766 5,950 4,787 3,860 15,828 13,279 9,088 Short-term debt 16,163 16,082 21,857 24,535 36,257 39,323 37,300 30,068 28,507 of which interest arrears on LDOD ..0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD ..0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: export credits 15, 583 18,826 22,645 24,968 26,686 19,603 16,510 13,705 TOTAL DEBT FLOWS Disbursements 1,374 11,573 14,229 9,698 12,761 17,434 16,130 44,166 31,460 30,234 Long-termn debt 1,374 11.573 12,045 8,422 12,432 17,434 16.130 30.878 31,460 30,234 IMF purchases 0 0 2,184 1,~276 328 0 0 13,288 0 0 Principal repayments 1,016 4,890 4,008 5,353 13,272 16,115 12,704 15,678 29,071 32,234 Long-termn debt 1,016 4,756 2.818 4,248 12,376 14,940 11.500 14,534 27,018 218,795 IMF repurchases 0 134 1,191 1,105 896 1175 1,204 1,144 2,052 3,439 Net flows on debt 358 6,683 17,641 10,120 2,167 13,041 6,491 26,466 -4,843 -3,560 of which short-term debt . . 7,420 5,775 2,678 1 1,722 3.065 -2,022 -7,232 -1,561 Interest payments (INT) .. 6,067 7,303 8,186 7,537 8,101 9,237 11,208 11,722 10,219 Long-termn debt 283 4.579 5,799 6,222 5,875 5.854 6,556 8.053 8,339 8,395 IMF charges 0 4 522 541 503 426 233 545 651 482 Short-term debt .. 1,484 982 1.423 1,160 1,822 2,448 2,611 2,733 1,342 Net transfers on debt .. 615 10,338 1,935 -5,371 4,940 -2,746 15,257 -16,565 -13,779 Total debt service paid TD)10,958 11,311 13,538 20,809 24,216 21,941 26,886 40,793 42,453 Long-termn debt 1,299 9,335 8,617 10.470 18.251 20,793 18,056 22,586 35,357 37,189 IMF repurchases and charges 0 138 1,712 1,646 1,399 1,601 1,437 1,689 2,703 3,922 Short-term debt (interest only) .. 1,484 982 1,423 1,160 1,822 2.448 2,611 2,733 1,342 2. m~,(;RE(-AF NF I' RFq0V)R(V FI A" * S ~NND Ni T TtNSF RN II ()N(-;-rEITRN1 NET RESOURCE FLOWS 689 8,987 12,478 13,387 9,828 21,233 20,169 26,421 17,579 15,999 Net flow of long-term debt (ex. IMF) 358 6,817 9,228 4.174 56 2,494 4,630 16,344 4,442 1,440 FOreign direCt investment (net) 323 2,156 2,634 4,762 4,393 4,389 10.972 9,526 9,185 12,477 Portfolio equity flows 0 0 563 4.404 5,365 14.297 4,521 520 3,922 2,052 Grants (excluding technical coop.) 8 14 54 46 14 53 47 31 30 29 Memo: technical coop. grants 6 44 81 90 113 117 110 127 135 112 official net resource flows 149 806 4,225 1.391 632 53 -538 10,384 -7,651 -4,534 private net resource flows 539 8.1i82 8,253 11.996 9.196 2-1,180 20,707 16,037 25,230 20,533 NET TRANSFERS 47 3,040 5,365 4,673 1,641 13,034 11,214 15,868 6,340 4,604 Interest on tong-term debt 283 4.579 5,799 6,222 5,875 5.85-1 6,556 8,053 8,339 8,395 Profit remittances on FDI 35 9 1,368 1,314 2,492 2,312 2,346 2,400 2,500 2,900 3.000 Memo: official net transfers 90 492 2.848 -283 -1,255 -1,860 -2,524 7,724 -10,178 -6,191 private net transfers -43 2,548 2,517 4,956 2,896 14,894 13,738 8,144 16.5 18 10,794 3. NLkJOR LCONONIf( Ml.GRYGATEN Gross national product (GNP) 47,330 216,120 254,320 305,680 354,580 391,210 407,170 272,850 315,920 390,170 Exports of goods & services (XGS) .. 24,685 54,570 57,493 61,330 67,428 78,025 96,707 115,154 131,125 of which workers remittances .. 698 2,492 2,414 3,070 3,332 3,475 3,673 4,224 4,865 Imports of goods & services (MGS) .. 35,243 63,504 72.713 86,087 91,136 107,990 98,571 117,790 1318,960 International reserves (RES) 756 4,175 10,217 18,052 19,171 "-5 "99 6,441 17,046 19,527 28,853 Current account balance .. -10,422 -7,451 -14,888 -24.442 -23,400 -29,662 -1,576 -2,330 -7,451 4. D1EBT INDIC XT-ORS EDT/XGS (% . 232.4 191.4 198.4 183.0 195.1 179.4 172.5 137.1 114.2 EDT /GNP (% . 26.5 41.1 37.3 31.7 33.6 34.4 61.1 50.0 38.4 TDS /XGS (% . 44.4 20.7 23.5 33.9 35.9 28. 1 27.8 35.4 32.4 INT /XGS (% . 24.6 13.4 14.2 12.3 12.0 11.8 11.6 10.2 7.8 INT/iGNP (% . 2.8 2.9 2.7 2.1 2.1 2.3 4.1 3.7 2.6 RES,/EDT(%) .. 7.3 9.8 15.8 17.1 19.2 4.6 10.2 12.4 19.3 RES / MGS (months) .. 1.4 1.9 3.0 2.7 3.3 0.7 2.1 2.0 2.5 Short-termn EDT I(%) .. 28.2 15.4 19.2 21.9 27.6 28.1 22.4 19.0 19.0 Concessionai /EDT (%) .. 0.5 0.8 0.9 1.0 1.0 1.1 0.9 0.9 0.8 Multilateral /EDT (%) .. 5.5 13.7 13.6 13.8 12.2 12.2 11.2 11.2 11.0 377 MEXICO (US$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 S. LONG.]- FRMI DLB] DEBT OUTSTANDING (LDOD) 5,964 41,202 81,797 85,436 81,775 90,522 96,819 113,651 114,501 112,095 Public and publicly guaranteed 3,194 33,902 75,962 77,816 71,100 74,983 79,331 95,064 94,161 84,775 Official creditors 1,148 4,468 22,609 24,941 25,097 25,941 27,365 38,99-2 29,256 22,903 Multilateral 746 3,176 14,291 15,466 15,531 16,073 17.073 18,640 17,755 16,496 Concessional 74 193 60 49 39 31 24 17 1 1 7 Bilateral 401 1,291 8,318 9,475 9566 9,868 10,292 20,352 11,500 6,407 Concessional 123 12 0 822 975 1.104 1,280 1,540 1,455 1,407 1,249 Private creditors 2,047 29,434 53,353 52,876 46,002 49,043 51,966 56,072 64,906 61,873 Bonds 386 3.100 40.100 40.660 35.018 37,614 41.743 45.386 54,401 51,746 Commercial banks 1,267 25,637 6,630 6,456 5.897 6,639 6,257 6,337 6,384 6,511 Other private 394 698 6,624 5,760 5.088 4,791 3,967 4.349 4,121 3,616 Private nonguaranteed 2,770 7,300 5,835 7,620 10,675 15,539 17,489 18,587 20,340 27,320 Bonds 0 0 150 703 3.310 9J127 12,767 13,026 14,104 15,810 Commercial banks 2.770 7,300 5,685 6,917 7,365 6,412 4.722 5,562 6,236 11,510 Memo: IBRD 582 2,063 11,030 11.928 11,966 12,322 13,038 13.823 12,568 11,356 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 1,374 11,573 12,045 8,422 12,432 17,434 16,130 30,878 31,460 30,234 Public and publicly guaranteed 772 9,123 9,985 6,028 7,319 8,424 8,691 23,499 22,962 16,370 Official creditors 229 1,074 5,454 2,816 2,888 2.773 2,115 t3,424 2,380 t,760 Multilateral 160 634 3,647 2,110 1,749 1,483 1,281 2,669 2,113 1,544 Concessional 37 3 0 0 0 0 0 0 0 0 Bilateral 68 439 1.807 705 1.139 1,290 834 10,755 267 216 Concessional 9 1 7 636 112 165 178 125 7 146 26 Private creditors 543 8,050 4,532 3,212 4,431 5,651 6,576 10,076 20,582 14,610 Bonds 0 236 975 1,324 1,157 3.747 5.088 7,158 18,458 12,795 Commercial banks 432 7,625 2,552 823 2.025 593 500 1,699 1,072 1,226 Other private III 189 1,005 1,065 1,249 1,311 988 1,218 1,052 589 Private nonguaranteed 603 2,450 2,060 2,394 5,113 9,010 7,439 7,379 8,498 13,864 Bonds 0 0 150 553 2.766 5,861 3,657 843 2,433 3,690 Commercial banks 603 2,450 1,910 1.841 2,347 3,149 3,782 6.535 6,05 10,174 Memo: IBRD 98 422 3,326 1,581 1.352 1,098 943 1.732 1,051 995 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 1,016 4,756 2,818 4,248 12,376 14,940 11,500 14,534 27,018 28,795 Public and publicly guaranteed 475 4,006 2,622 3,639 10,318 5,957 6,583 9,140 20,308 21,912 Official creditors 87 282 1,283 1,471 2,271 2,773 2,699 3,071 10,062 6.324 Multilateral 31 137 1,034 1,204 1,256 1,274 1.421 1,713 1,712 1,625 Concessional 0 12 13 11 10 8 7 7 6 5 Bilateral 56 145 249 267 1,015 1,499 1,278 1,358 8,349 4,699 Concessional 9 12 0 1 32 88 14 92~ 81 72 Private creditors 388 3,724 1,339 2,168 8.047 3,184 3,884 6,069 10.247 15,588 Bonds 16 123 464 84 4.592 650 1,113 3,534 8,119 14,063 Comminercial banks 266 3,445 185 693 1,756 799 743 1,626 1,000 575 Other private 106 156 690 1,390 1.700 1,735 2,028 909 1,128 950 Private nonguaranteed 542 750 196 609 2,058 8,983 4,917 5,394 6,710 6,883 Bonds 0 0 0 0 150 25 50 610 1,328 1.950 Commercial banks 542 750 196 609 1,908 8,958 4,867 4,784 5,382 4,933 Memo: IBRD 23 89 801 954 981 991 1,065 1,411 1,409 1,311 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 358 6,817 9,228 4,174 56 2,494 4,630 16,344 4,442 1,440 Public and publicly guaranteed 297 5,117 7,364 2,389 -2,999 2,468 2,107 14,359 2,654 -5,541 Official creditors 142 791 4,171 1,345 618 0 -585 10,353 -7,681 -4,563 Multilateral 130 497 2,613 906 493 209 -140 956 401 -80 Concessional 37 -9 -13 -11 -10 -8 -7 -7 -6 -5 Bilateral 12 294 1,558 439 125 -209 -444 91397 -8,082 -4,483 Concessional 0 5 635 110 134 91 ill -85 65 -46 Private creditors 155 4,326 3,193 1,045 -3,616 2,467 2,692 4,007 10,335 -978 Bonds -16 112 511 1,240 -3.435 3,096 3,975 3,624 10,339 -1,267 Commercial banks 166 4,180 2,367 129 270 -206 -"4" 73 72 651 Other private 5 33 314 -325 -451 -423 -1,040 310 -76 -361 Private nonguaranteed 61 1,700 1,864 1,785 3,055 27 2,523 1,985 1,788 6,981 Bonds 0 0 150 553 2,616 5,836 3.608 233 1,105 1,740 Commercial banksq 61 1,700 1,714 1,232 439 -5,809 -1,085 1.75-2 683 5,241 Memo: IBRD 76 333 2,524 628 371 107 -123 321 -359 -316 IDA 0 0 0 0 0 0 0 0 0 0 378 MEXICO ((,S$ million, unless otherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 283 4,579 5,799 6,222 5,875 5,854 6,556 8,053 8,339 8,395 Public and publicly guaranteed 216 3,879 5,217 5,612 5,043 4,708 5,197 6,329 6,424 6,243 Official creditors 60 314 1.377 1,674 1,887 1,913 1.986 2,659 2,526 1,656 Multilateral 39 236 1.004 1,126 1,175 1,195 1.231 1,291 1,314 1.167 Concessional 2 7 2 2 2 1 1 1 1 0 Bilateral 21 78 373 548 712 718 755 1,368 1,212 489 Concessional 4 5 8 39 47 47 49 67 55 49 Private creditors 156 3.566 3,841 3,938 3,156 2,7195 3,211 3,670 3,898 4,586 Bonds 27 252 1,112 3,084 2,527 2,206 2,611 2,906 3,240 3,941 Commercial banks 106 3,261 2,198 487 297 312 352 436 378 386 Other private 24 52 531 367 333 277 249 328 280 259 Private nonguaranteed 67 700 582 610 832 1,146 1,358 1,723 1,914 2,152 Bonds 0 0 0 28 64 353 826 1,054 1,096 1,251 Commercial banks 67 700 582 582 768 793 533 670 818 901 Memo: IBRD 31 166 751 861 892 905 924 961 962 791 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 75 2,238 3,428 -2,048 -5,819 -3,359 -1,926 8,292 -3,897 -6,955 Public and publicly guaranteed 81 1,238 2,146 -3,223 -8,042 -2,240 -3,090 8,030 -3,771 -11,784 Official creditors 82 478 2,794 -329 -1,269 -1.912 -2,571 7,693 -10,208 -6,220 Multilateral 90 261 1,609 -220 -682 -986 -1,372 -336 -913 -1,248 Concessional 35 -16 -15 -13 -11 -10 -8 -8 -6 -5 Bilateral -9 216 1,185 -110 -587 -926 -1.199 8,029 -9,294 -4,972 Concessional -4 0 627 72 87 44 63 -152 10 -95 Private creditors -1 760 -648 -2,893 -6,773 -328 -519 337 6,437 -5,564 Bonds -42 -140 -601 -1,844 -5,962 891 1,364 718 7.099 -5,208 Commercial banks 60 919 169 -357 -28 -518 -594 -363 -306 264 Other private -18 -19 -217 -692 -783 -700 -1.289 -19 -356 -621 Private nonguaranteed -6 1,000 1,282 1,175 2,223 -1,119 1,164 261 -126 4,829 Bonds 0 0 150 525 2,552 5,482 2,782 -821 9 489 Commercial banks -6 1,000 1,132 650 -329 -6,602 -1,618 1,082 -136 4,340 Memo: IBRD 45 167 1,773 -234 -522 -797 -1,046 -641 -1,321 -1,107 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 1,299 9,335 8,617 10,470 18,251 20,793 18,056 22,586 35,357 37,189 Public and publicly guaranteed 691 7,885 7,839 9,251 15,361 10,664 11,781 15,469 26,733 28,154 Official creditors 147 596 2,659 3,145 4,157 4,686 4,686 5,731 12,588 7,980 Multilateral 70 373 2,038 2,330 2,431 2,470 2,653 3,004 3,027 2,792 Concessional 2 18 15 13 11 10 8 8 6 5 Bilateral 77 223 622 815 1,726 2,216 2,033 2,726 9,561 5,188 Concessional 14 16 9 40 78 134 62 159 136 121 Private creditors 544 7,289 5,180 6,106 11,204 5,978 7,095 9,739 14,145 20,174 Bonds 42 376 1.576 3,169 7,118 2,856 3,724 6,440 11.359 18,003 Commercial banks 372 6.706 2,383 1,180 2,053 1,111 1,094 2.062 1,377 962 Other private 1310 208 1.221 1.757 2,032 2,011 2,277 1,237 1,408 1,210 Private nonguaranteed 609 1,450 778 1,219 2,890 10,129 6,275 7,117 8,624 9,035 Bonds 0 0 0 28 214 378 876 1.664 2,424 3,201 Commercial banks 609 1,450 778 1.191 2.676 9,7,51 5,399 5,453 6,201 5,~834 Memo: IBRD 54 255 1,553 1,815 1.874 1,895 1.989 2,372 2,372 2,102 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 556 4,817 8,110 11,591 11,585 13,975 15,941 15,563 14,986 14,217 Official creditors 438 2,976 5,136 7,517 7,870 6,887 8.334 8,669 6,247 5,926 Private creditors 118 1,841 2,974 4,073 3,715 7,088 7,607 6,894 8.739 8.292 Memorandum iterms Concessional LDOD 196 313 883 1,024 1,143 1,311 1,564 1,473 1,418 1,256 Variable rate LDOD 2' 951 31,271 40,382 40,014 39,514 45,660 49,078 64.222 62,256 57,985 Public sector LDOD 3,165 33,249 75,595 77,440 70,600 74,507 78,879 94.635 93,758 84,572 Private sector LDOD 2.801 7,966 6,214 8,005 11,180 16,019 17,942 19,018 20,744 27,525 6. (A RR[\( S V.ONlPO!dTION OF L.oN(;-rER%I DEBT' IPE RC'E\TP Deutsche mark 11,2 4.3 3.7 3.9 4.1 3.7 3.8 3.0 3.4 4.7 French franc 7.7 1.2 3.8 3.8 3.6 3.1 3.1 2.7 2.4 2.3 Japanese yen 0.5 1.4 6.4 7.2 8.2 8.8 9.1 8.2 8.3 8.6 Pound sterling 1.1 0.5 1.4 1.5 1.2 0.9 0.9 0.7 0.7 1.3 Swiss franc 3.4 2.0 0.6 0.6 0.4 0.4 0.4 0.4 0.3 0.3 U.S.dollars 51.3 78.7 64.3 61.8 59.3 60.6 60.4 65.6 67.4 64.8 Multiple currency 21.9 9.9 18.6 19.7 21.6 20.9 20.8 18.1 16.4 15.8 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 2.9 2.0 1.2 1.5 1.6 1.5 1.5 1.3 0.9 2.3 379 MEXICO (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 199-5 1996 1997 M. DI7I I RFIULi'IG Total amount rescheduled 0 0 36,950 1,332 327 0 0 0 0 0 Debt stock rescheduled 0 0 36,160 627 0 0 0 0 0 0 Principal Tescheduled 00 570 544 234 0 0 0 0 0 Official 0 0 382 298 168 0 0 0 0 0 Private 0 0 188 247 67 00 0 0 0 Interest rescheduled 0 0 204 161 76 0 0 0 0 0 Officiat 0 0 132 87 44 0 0 0 0 0 Private 0 0 72 74 31 0 0 0 0 0 Debt forgiven ..0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 8,145 526 7,426 936 299 306 3,181 0 of which debt buyback 0 0 0 0 5,086 562 51 13 2,420 0 )8. DEBT 41T0c K-171_0% RE( ON( I LIA l-ION Total change in debt stocks .. 10,605 9,629 -1,800 19,307 8,436 26,778 -8,932 -8,158 Net flows on debt .. 17,641 10,120 2,167 13,041 6,491 26,466 -4,843 -3,560 Net change in interest arrears 0 0 0 0 0 0 0 0 Interest capitalized 204 161 76 0 0 0 0 0 Debt forgiveness or reduction ... -8,145 -526 -2,340 -374 -248 -293 -761 0 Cross-currency valuation ... 2,143 389 -1,254 406 2,678 536 -2,834 -3,498 Residual ... 1,238 -516 -448 6,235 -486 69 -493 -1,100 9. AV'ER.A(1'F ERNIS OF NE%% CONlMlI I NENTS ALL CREDITORS Interest (% 8.1 11.3 8.6 7.7 7.3 6.7 5.7 8.0 6.5 6.9 Maturity (years) 11.5 9.8 13.3 13.2 10.8 10.4 8.1 7.0 8.2 9.5 Grace period (years) 3.4 4.3 5.3 4.2 3.4 4.6 3.7 2.9 6.5 6.7 Grant element (%) 9.8 -5.7 7.3 12.6 9.7 14.5 14.5 7.0 13.8 14.2 Ofricial creditors Interest (%) 6.7 8.0 7.8 7.3 7.4 6.9 7.0 9.1 7.4 7.2 Maturity (years) 18.4 15.3 15.5 15.6 15.0 11.5 14.0 9.2 14.3 14.5 Grace period (years) 4.0 3.3 4.5 4.7 3.9 3.4 4.3 2.8 4.2 4.4 Grant element (%) 19.4 10.0 12.2 14.4 12.8 14.4 15.5 5.5 13.5 14.6 Private creditors Interest (%) 8.9 12.6 9.4 8.2 7.2 6.6 5.2 6.2 6.5 6.9 Maturity (years) 7.1 7.7 11.4 10.2 7.6 10.1 5.2 3.6 7.9 8.8 Grace period (years) 3.1 4.7 6.1 3.7 3.0 4.9 3.4 3.0 6.6 7.0 Grant element (%) 3.6 -12.0 2.9 10.3 7.3 14.6 14.0 9.4 13.8 14.2 Memorandum items Commitments 857 7,628 12,481 9,521 7,620 11,661 10,852 24,675 23,971 16,180 Official creditors 337 2,183 5,914 5,190 3,324 2,047 3,527 15,131 940 1,905 Private creditors 520 5,445 6,567 4,331 4,296 9,614 7,325 9,544 23,031 14,275 ID.C((.NTR Acru.' A 1 OII1G A IION% ON Oi]l Sr N 1)1 NG.ONG;-TER'lIDLBTf 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 10,073 2,036 1,159 558 226 107 42 11 6 0 Principal 23,285 12,623 10,969 7,368 9,623 6,574 7,652 2,536 6.238 5,798 Interest 7,652 6,592 5,889 5,140 4,602 4,084 3,650 3,277 3,361 2,518 Official creditors Disbursements 2,449 1.474 1,068 545 223 107 42 11 6 0 Principal 4,267 3,317 2,987 2,736 2,418 2, 161 2,028 1,858 1.769 1,368 Interest 1,695 1,522 1,347 1,173 1,002 851 709 575 450 335 Bilateral creditors Disbursements 1,194 238 100 51 22 15 0 0 0 0 Principal 2,605 1,483 1,042 824 569 439 370 234 175 65 Interest 504 368 254 175 116 83 55 33 20 10 Multilateral credirors Disbursements 1,254 1,236 968 494 201 92 42 1 1 6 0 Principal 1,662 1,834 1,944 1,912 1.849 1,723 1,657 1,624 1.594 1,303 Interest 1,191 1,154 1,092 998 886 768 655 542 430 324 Private creditors Disbursements 7,624 562 90 13 2 0 0 0 0 0 Principal 19,018 9,306 7,983 4,632 7.205 4,412 5,624 678 4,469 4,431 Interest 5,958 5,070 4,542 3.967 3,600 3,233 2,941 2,703 2,912 2,183 Commercial banks Disbursements 157 61 28 1 0 0 0 0 0 0 Principal 949 734 1,545 1,023 917 500 500 315 228 34 Initerest 428 384 348 239 168 104 68 34 15 3 Other private Disbursements 7,468 501 62 1 1 2 0 0 0 0 0 Principal 18,069 8,572 6,437 3,609 6.288 3.912 5,124 364 4,241 4,396 Interest 5.530 4,685 4,194 3,728 3,432 3,128 2,873 2,669 2,896 2,180 380 MOLDOVA (US$ mnillion, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. StiMIMARY DEBT DATIA- TOTAL DEBT STOCKS (EDT) . . . . 39 278 499 681 844 1,040 Long-term debt (LDOD) . . - 39 190 326 445 570 785 Public and publicly guaranteed ...... 39 190 326 445 570 785 Private nonguatanteed ......0 0 0 0 0 0 Use of IMF credit --- -0 87 164 230 248 233 Short-term debt . -. 0 1 8 6 27 21 of whicb interest arrears on LDOD ......0 1 7 5 1 0 Official creditors ...0 1 7 5 1 0 Private creditors ......0 0 0 0 0 0 Memo: principal arrears on LDOD ......0 5 18 42 0 15 Official creditors .... .0 5 18 42 0 15 Private creditors . .. 0 0 0 0 0 0 Memo: export credits ......0 0 0 8 50 54 TOTAL DEBT FLOWS Disbursements - .... 35 154 205 219 180 317 Long-term debt ...... 35 66 134 154 148 297 IMF purchases ......0 88 71 64 33 21 Principal repayments . .. 5 1 5 39 is 72 Long-term debt ......5 1 5 39 1 1 52 IMF repurchases ... .0 0 0 0 7 20 Net flows on debt --- . 30 153 201 179 187 240 of which short-term debt ... .0 0 1 0 25 -5 Interest payments (INT) . -. 0 1 9 30 36 51 Long-term debt ... .0 0 4 20 24 38 IMF charges . ...0 1 5 10 10 11 Short-term debt -.....0 0 0 0 1 1 Net transfers on debt - .. 30 152 192 149 152 190 Total debt service paid (TDS) - ....5 2 14 69 54 123 Long-term debt ......5 1 9 59 35 91 IMF repurchases and charges ......0 1 5 10 18 31 Short-term debt (interest only) ......0 0 0 0 1 1 2. AGGRE(; 4TE NET RE.SOURCE FLO%$ SANI) NE U rRtNSFERS iL-ONG-TERMIi NET RESOURCE FLOWS - - - 31 83 173 148 172 311 Net flow of long--term debt (ex. IMF) ...... 30 65 129 115 137 244 Foreign direct investment (net) ......0 0 12 23 24 60 Portfolio equity flows ......0 0 0 0 0 0 Grants (excluding technical coop.) I.. .- 18 32 10 10 6 Memo: technical coop. grants ......0 0 2 21 27 19 official net resource flows ...... 31 83 161 110 84 54 private net resource flows ......0 0 12 38 88 257 NET TRA-NSFERS . - .. 31 83 170 128 146 269 Interest on long-term debt ......0 0 4 20 24 38 Profit remittances on FDtI.. .. 0 0 0 0 2 3 Memo: official net transfers ...... 3 1 83 158 90 61 33 private net transfers ......0 0 12 38 84 236 3. MAJOR E( ONOMICA(.XGREUATELS Gross national product (GNP) ...... 2,819 4,463 2,709 3.049 1,624 1,810 Exports of goods & services (XGS) ......... 662 898 1,036 1,127 of which workers remittances .........0 0 0 0 Imports of goods & services (MGS) ........, 777 1,049 1,297 1,500 International reserves (RES) ......... 180 240 314 366 Current account balance ......... -82 -95 -188 -296 4. DEBT IND[C' -lTORS EDT /XGS ()......... 75.3 75.8 81.5 92.3 EDT /GNP %)...... 1.4 6.2 18.4 22.3 52.0 57.4 TDS / XGS (Y). .. .. . 2.1 7.7 5.2 10.9 INT/XGS(%f) ......... 1.3 3.3 3.4 4.5 INT /GNP (%) ... .. .0 0.3 1.0 2.2 2.8 RES / EDT (%) ......... 36.1 35.2 37.1 35.2 lRES! MGS (months) ......... 2.8 2.7 2.9 2.9 Short-term / EDT (%) ...... 0.0 0.3 1.6 0.9 3.2 2.1 Concessional / EDT %)...... 25.6 6.9 15.6 23.5 19.7 18.5 Multilateral / EDT (%) ...... 59.4 20.2 32.6 31.8 29.8 27.2 381 MOLDOVA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-I'LlRM DEBT DEBT OUTSTANDING (LDOD) 39 190 326 445 570 785 Public and publicly guaranteed 39 190 326 445 570 785 Official creditors 39 190 326 430 492 513 Multilateral 23 56 163 217 252 283 Concessional 0 031 59 56 84 Bilateral 16 134 164 214 241 230 Concessional 10 1 9 47 101 110 108 Private creditors 0 0 0 1s 78 273 Bonds 0 0 0 0 0 75 Commercial banks 0 0 0 0 59 45 Other private 0 0 0 15 19 153 Private nonguaranteed 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 Memo: IBRD 0 28 99 152 142 135 IDA 0 0 0 0 0 35 DISBURSEMENT'S 35 66 134 154 148 297 Public and publicly guaranteed 35 66 134 154 148 297 Official creditors 35 66 134 139 84 65 Multilateral 25 36 99 81 49 56 Concessional 0 0 30 26 0 35 Bilateral 11 30 35 58 34 10 Concessional 10 9 28 58 13 1 Private creditors 0 0 0 15 64 232 Bonds 0 0 0 0 0 75 Commercial banks 0 0 0 0 59 14 Other private 0 0 0 15 5 143 Private nonguaranteed 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 Memo: IBRD 0 29 67 50 0 5 IDA 0 0 0 0 0 35 PRINCIPAL REPAYMENTS 5 1 5 39 11 52 Public and publicly guaranteed 5 1 5 39 11 52 Official creditors 5 1 5 39 10 17 Multilateral 0 0 0 35 0 2 Concessional 0 0 0 0 0 0 Bilateral 5 1 5 4 10 15 Concessional 0 0 0 0 0 0 Private creditors 0 0 0 0 1 36 Bonds 0 0 0 0 0 0 Comoiercial banaks 0 0 0 0 0 27 Other private 0 0 0 0 1 9 Private nonguaranteed 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 IDA 0 0 0 0 0 0 NET FLOWS ON DEBT 30 65 129 115 137 244 Public and publicly guaranteed 30 65 129 115 137 244 Official creditors 30 65 129 100 74 48 Multilateral 25 36 99 46 49 54 Concessional 0 0 30 26 0 35 Bilateral 6 30 30 54 24 -6 Concessional 10 9 28 58 13 1 Private creditors 0 0 0 15 63 196 Bonds 0 0 0 0 0 75 Commercial banks 0 0 0 0 59 -13 Other private 0 0 0 15 4 134 Private nonguaranteed 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 C-ommercial banks 0 0 0 0 0 0 Memo: IBRD 0 29 67 50 0 5 IDA 0 0 0 0 0 35 382 MOLDOVA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0 0 4 20 24 38 Public and publicly guaranteed 0 0 4 20 24 38 Official CreditorS . 0 0 4 20 23 21 Muiltilateral . ... 0 0 4 12 15 14 Concessional 0 0 0 2 3 2 Bilateral ...0 0 0 8 8 7 Concessional 0 0 0 2 2 3 Private creditoTS . 0 0 0 0 1 18 Bonds . ....0 0 0 0 0 4 Commercial banks 0 0 0 0 0 5 Other private ..0 0 0 0 1 9 Private nonguaranteed 0 0 0 0 0 0 Bonds ...0 0 0 0 0 0 Commercial banks .. 0 0 0 0 0 0 Memo: IBRD ..0 0 4 8 10 9 IDA ...0 0 0 0 0 0 NET TRANSFERS ON DEBT 30 65 125 95 113 206 Public and publicly guaranteed 30 65 125 95 113 206 Official creditors ...30 65 125 80 51 28 Multilateral ..25 36 95 34 34 40 Concessional . .0 0 30 24 -3 33 Bilateral ..6 30 30 46 17 -13 Concessionial ...10 9 28 56 11 -2 Private creditors . ..0 0 0 15 62 179 Bonds ... .0 0 0 0 0 71 Commercial banks .. 0 0 0 0 59 -18 Other private ... .0 0 0 15 3 125 Private nonguaranteed ..0 0 0 0 0 0 Bonds 0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 0 Memo: IBRD 0 28 64 42 -10 -4 IDA .. 0 0 0 0 0 35 DEBT SERVICE (LTDS) ..5 1 9 59 35 91 Public and publicly guaranteed ..5 1 9 59 35 91 Official creditors ..5 1 9 59 33 37 Multilateral 0 0 4 47 15 15 Concessional ..0 0 0 2 32 Bilateral ..5 1 5 12 18 22 Concessional ...0 0 0 2 2 3 Private creditors 0 0 0 0 2 53 Bonds ..0 0 0 0 0 4 Commercial banks 0 0 0 0 0 32 Other private ... .0 0 0 0 2 18 Private nonguaranteed 0 0 0 0 0 0 Bonds ..0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 0 Memo: IBRD ... 0 0 4 8 10 9 IDA 0 0 0 0 0 0 UNDISBURSED DEBT . .. . .. 11 82 165 160 348 225 Officiat creditorS...... 11 82 165 149 162 188 Private creditorS ..... 0 0 0 1 1 186 37 Memorandum items Concessional LDOD ...... 10 19 78 160 167 192 Variable rate LDOD ...... 23 165 279 376 447 410 Public sector LDOD ...... 39 190 326 445 566 769 Private sector LDOD ......0 0 0 0 4 16 6. CURREN( L OMIPOSFTlON OF LONC,-rERNI DEBTC PERCEN'i Deutsche mark ...... 0.0 0.0 0.0 0.9 5.5 4.0 French franc ...... 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ...... 0.0 0.0 0.0 8.5 5.9 3.8 Pound sterling ...... 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ...... 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ...... 40.5 23.2 22.8 23.0 50.5 66.5 Multiple currency ...... 0.0 14.8 30.3 34.2 24.9 17.2 Special drawing rights ...... 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies . .. 59.5 62.0 47.0 33.4 13.3 8.5 383 MOLDOVA (US$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DERT RFSTlRU'CTURIN(US Total amount rescheduled 0 89 0 0 119 0 Debt stock rescheduled ...0 0 0 0 0 0 Principal rescheduled ...0 0 0 0 112 0 Official ..0 0 0 0 112 0 Private ..00 0 0 00 Interest rescheduled 0 0 0 0 7 0 Official . ... 0 0 0 0 7 0 Private 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 Debt stock reduction ..0 0 0 0 0 0 of which debt bLoyback ...0 0 0 0 0 0 X4. DEBT ST0( K-FVLOl RECONCILI.A[ION Total change in debt stocks ... 239 221 183 163 195 Net flows on debt ... .. . 153 201 179 187 240 Net change in interest arrears ... .. .1 6 -2 -4 0 Interest capitalized ... .. .0 0 0 7 0 Debt forgiveness or reduction ... .. .0 0 0 0 0 Cross-currency valuation ... .. . -63 -48 -13 -21 -27 Residual ... .. . 148 62 18 -6 -17 E,% ER(GE TERMS (IF NE%% commnITIFN I S ALL CREDITORS Interest (%M.. .. 3.5 5.7 5.6 6.6 6.8 6.0 Maturity (years) ...... 8.0 15.7 17.1 11.8 8.5 18.0 Grace period (years) . .... 4.1 4.6 5.4 4.8 2.7 6.4 Grant element (%) ...... 24.4 21.1 28.2 17.3 12.5 30.5 OWficial creditors Interest (%) ...... 3.5 5.7 5.6 6.5 5.6 3.7 Maturity (years) ...... 8.0 15.7 17.1 13.4 14.8 26.6 Grace period (years) ...... 4.1 4.6 5.4 5.5 4.5 7.5 Grant element (% . .... 24.4 21.1 28.2 19.6 25.1 49.5 Private creditors Interest (%) ...... 0.0 0.0 0.0 6.9 7.4 9.7 Maturity (years) . .... 0.0 0.0 0.0 4.0 5.5 4.7 Grace period (years) ...... 0.0 0.0 0.0 1.3 1.9 4.6 Grant element (%) ...... 0.0 0.0 0.0 6.3 6.5 0.6 Memorandum items Commitments ...... 47 137 215 144 359 214 Official creditors ......47 137 215 119 114 131 Private creditors . ....0 0 0 26 245 83 ItI. C(N YRA( TL Q.tBI.TO~O 1 %ADING LONG- UERN DEBIT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 92 72 24 14 10 6 5 2 1 0 Principal 129 97 87 76 146 75 45 30 30 27 Interest 52 48 43 39 30 22 18 16 14 12 Ofricial creditors Disbursernents 68 62 20 14 10 6 5 2 1 0 Principal 73 52 45 41 43 47 45 30 30 27 Interest 29 29 27 25 23 21 18 16 14 12 Bilateral creditors Disbursements 1 0 0 0 0 0 0 0 0 0 Principal 67 38 16 9 6 6 6 6 5 5 Interest 9 6 3 3 3 3 2 2 2 2 Multilateral crediltors Disbursements 67 62 20 14 10 6 5 2 1 0 Principal 6 13 29 33 38 42 39 25 25 22 Interest 20 23 24 22 20 18 16 13 12 10 Private creditors Disbursemnents 24 10 4 0 0 0 0 0 0 0 Principal 56 46 42 35 103 28 0 0 0 0 Interest 24 19 16 13 7 1 0 0 0 0 Commercial banks Disbursements 24 10 4 0 0 0 0 0 0 0 Principal 46 16 13 7 0 0 0 0 0 0 Interest 5 2 1 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 10 30 29 28 103 28 0 0 0 0 Interest 1 9 1 7 15 13 7 1 0 0 0 0 384 MONGOLIA (USS million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUININAR'. DEBT DATA TOTAL DEBT STOCKS (EDT) .. . . . 350.2 373.6 447.2 512.4 524.4 717.9 Long-term debt (LDOD) . .. . .. 272.2 328.3 386.5 451.7 474.0 642.9 Public and publicly guaranteed ...... 272.2 328.3 386.5 451.7 474.0 642.9 Private nonguaranteed ...... 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 16.1 18.9 31.6 55.3 47.0 43.6 47.6 Short-term debt . -.. 59.2 13.7 5.5 13.7 6.8 27.5 of which interest arrears on LDOD ...... 1.7 1.6 2.5 2.5 2.5 2.5 Official creditors ...... 0.0 1.2 2.1 2.0 2.0 2.0 Private creditors ...... 1.6 0.4 0.4 0.5 0.5 0.5 Memno: principal arrears on LDOD ...... 6.0 17.5 16.0 3.9 4.1 4.8 Official creditors ...... 0.8 1.9 13.5 0.0 0.0 0.0 Private creditors .. ... 5.3 15.6 2.6 3.9 4.1 4.8 Memo: export credits ...... 62.0 60.0 63.0 51.0 39.0 52.0 TOTAL DEBT FLOWS Disbursements - .... 161.1 71.1 86.5 95.0 91.0 265.9 Long-term debt ...... 157.6 58.2 65.3 95.0 82.9 258.2 IMF purchases 0.0 0.0 0.0 15.4 3.5 13.0 21.3 0.0 8.1 7.7 Principal repayments - .... 56.1 10.3 29.2 37.2 39.6 40.4 Long-term debt ...... 56.1 10.3 29.2 27.7 29.6 39.5 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9.5 10.0 0.9 Net flows on debt . ..- 162.4 15.6 48.1 66.1 44.5 246.2 of which short-term debt ...... 57.5 -45.3 -9.2 8.2 -6.9 20.7 Interest payments (INT) . ..- 11.5 9.6 9.5 9.6 8.2 20.0 Long-term debt ...... 9.5 6.2 7.9 8.0 7.5 19.1 IMF charges 0.0 0.0 0.0 0.1 1.3 1.2 1.1 1.1 0.5 0.2 Short-term debt ...... 0.7 2.3 0.5 0.4 0.2 0.6 Net transfers on debt . .... 151.0 6.0 38.6 56.5 36.3 226.3 Total debt serv'ice paid (TDS) ...- 67.6 19.9 38.7 46.7 47.8 60.3 Long-term debt ...... 65.7 16.4 37.2 35.7 37.1 58.6 IMF repurchases and charges 0.0 0.0 0.0 0.1 1.3 1.2 1.1 10.6 10.5 1.1 Short-term debt (interest only) ...... 0.7 2.3 0.5 0.4 0.2 0.6 2.A.GGREGAsTE NFT RESOL RUE FLO'~S AND NETF TRANSFERS ILO.NG-rER'%Ip NET RESOURCE FLOWS . . . -. 140.4 88.8 104.8 151.2 118.5 282.9 Net flow of long-term debt (ex. IMF) ...... 101.4 47.9 36.0 67.3 53.3 218.7 Foreign direct investment (niet) ...... 2.0 7.7 6.9 9.8 5.0 7.0 Portfolio equity flows . .... 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) . .... 37.0 33.2 61.9 74.1 60.2 57.2 Memo: technical coop. grants ...... 22.0 37.6 54.4 58.0 53.5 55.6 official net resource flows ...... 112.0 91.4 119.6 155.1 133.7 266.5 private net resource flows ...... 28.4 -2.6 -14.8 -3.9 -15.2 16.4 NET TRANSFERS . . . .. 130.9 82.7 96.9 143.2 111.0 263.8 Interest on long-term deht ...... 9.5 6.2 7.9 8.0 7.5 19.1 Profit remittances on FDI ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers ...... 111.3 90.3 116.8 151.0 129.1 248.9 private net transfers . .... 19.6 -7.6 -19.9 -7.8 -18.1 14.9 3. MAJOR E( ON0ON1I( AGG;REGA-TES Gross national product (GNP) ... .. . 521.6 659.6 943.8 953.3 984.4 Exports of goods & services (XGS) ...... 390.8 392.6 415.6 511.3 481.0 516.0 of which workers remittances ...... 0.0 0.0 0.0 0.0 0.0 0.0 Imiports of goods & services (MGS) ...... 481.7 432.4 447.0 549.5 571.0 562.0 International reserves (RES) ...... 22.8 66.0 94.2 157.5 161.0 200.4 Current account balance ...... -55.7 31.1 46.4 38.9 41. D)EBT INDICATORS EDT,' XGS ()...... 89.6 95.2 107.6 100.2 109.0 139.1 EDT i GNP (% .. .. . 71.6 67.8 54.3 55.0 72.9 TDS!/XGS(% ...... 17.3 5.1 9.3 9.1 9.9 11.7 INT, XGS %)...... 2.9 2.4 2.3 1.9 1.7 3.9 INT GNP(% ... .. 1.8 1.4 1.0 0.9 2.0 RES /EDT ().... . 6.5 17.7 21.1 30.7 30.7 27.9 RES! MGS (months) . .... 0.6 1.8 2.5 3.4 3.4 4.3 Short-term / EDT (%) .... . 16.9 3.7 1.2 2.7 1.3 3.8 Concessional / EDT ()...... 42.9 52.6 58.3 67.4 75.9 81.7 Multilateral!/ EDT (%) ...... 16.1 19.1 25.3 33.2 39.0 40.1 385 MONGOLIA (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG;-rERM DEBT DEBT OUTSTANDING (LDOD) . .. . .. 272.2 328.3 386.5 451.7 474.0 642.9 Public and publicly guaranteed . .. . .. 272.2 328.3 386.5 451.7 474.0 642.9 Official creditors ...... 163.0 225.0 297.3 373.7 421.5 586.3 Multilateral ...... 56.4 71.5 113.1 169.9 204.3 287.6 Concessional ...... 53.4 68.5 113.1 169.9 204.3 287.6 Bilateral ...... 106.6 153.5 184.2 203.9 217.2 298.7 Concessional . .... 97.0 128.0 147.5 175.5 193.7 298.7 Private creditors ...... 109.2 103.3 89.2 78.0 52.5 56.6 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 19.7 19.6 19.6 14.6 10.3 6.0 Other private ...... 89.6 83.7 69.7 63.4 42.2 50.6 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks -. -. -. 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 27.4 30.1 49.2 58.7 67.6 97.1 DISBUTRSEMENTS . . . .. 157.6 58.2 65.3 95.0 82.9 258.2 Public and publicly guaranteed ...... 157.6 58.2 65.3 95.0 82.9 258.2 Official creditors ...... 75.0 58.2 62.7 89.4 82.9 240.1 Multilateral .... . 44.3 14.7 38.9 58.3 45.1 101.2 Concessional ...... 43.4 14.7 38.9 58.3 45.1 101.2 Bilateral ...... 30.7 43.5 23.8 31.2 37.8 139.0 Concessional ...... 21.2 27.5 10.6 31.2 37.8 136.1 Private creditors ...... 82.5 0.0 2.6 5.6 0.0 18.1 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 58.2 0.0 1.7 0.1 0.0 0.0 Other private . .... 24.3 0.0 0.9 5.5 0.0 18.1 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .... . 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 27.4 3.4 17.4 8.4 11.0 33.8 PRINCIPAL REPAYMENTS . . . .. 56.1 10.3 29.2 27.7 29.6 39.5 Public and publicly guaranteed .... . 56.1 10.3 29.2 27.7 29.6 39.5 Official creditors ...... 0.0 0.0 5.0 8.4 9.4 30.8 Multilateral ...... 0.0 0.0 3.0 0.0 0.0 0.0 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 0.0 0.0 2.0 8.4 9.4 30.8 Concessional ...... 0.0 0.0 0.0 0.1 4.5 4.5 Private creditors ...... 56.1 10.3 24.2 19.2 20.2 8.7 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 40.2 0.0 2.0 5.2 4.1 4.3 Other private ...... 15.9 10.3 22.2 14.0 16.1 4.4 Private nonguaranteed 0. . . . .0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0. .0 NET FLOWS ON DEBT . . . .. 101.4 47.9 36.0 67.3 53.3 218.7 Public and publicly guaranteed . . . .. 101.4 47.9 36.0 67.3 53.3 218.7 Official creditors ...... 75.0 58.2 57.7 81.0 73.5 209.3 Multilateral ...... 44.3 14.7 35.9 58.3 45.1 101.2 Concessional ...... 43.4 14.7 38.9 58.3 45.1 101.2 Bilateral ...... 30.7 43.5 21.8 22.7 28.4 108.1 Concessional ...... 21.2 27.5 10.6 31.0 33.3 131.6 Private creditors ...... 26.4 -10.3 -21.7 -13.7 -20.2 9.4 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 18.0 0.0 -0.3 -5.2 -4.1 -4.3 Other private ...... 8.4 -10.3 -21.4 -8.5 -16.1 13.7 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 27.4 3.4 17.4 8.4 11.0 33.8 386 MONGOLIA (US$ miillion, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 199,5 1996 1997 INTEREST PAYMENTS (LINT) . .. . .. 9.5 6.2 7.9 8.0 7.5 19.1 Public and publicly guaranteed .... . 9.5 6.2 7.9 8.0 7.5 19.1 Official creditors .. ... 0.7 1.1 2.8 4.1 4.6 17.6 Multilateral ...... 0.3 0.5 1.0 1.1 1.6 2.0 Concessional ...... 0.2 0.5 0.8 1.1 1.6 2.0 Bilateral ...... 0.3 0.6 1.8 3.0 3.0 15.5 Concessional ...... 0.3 0.6 0.8 2.1 2.1 14.8 Private creditors .... .8.8 5.0 5.1 3.9 2.9 1.5 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 4.7 0.6 1.4 1.0 0.4 0.5 Other private ...... 4.1 4.4 3.7 3.0 2.4 1.0 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . ... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.1 0.2 0.3 0.4 0.5 0.5 NET TRANSFERS ON DEBT . . . .. 91.9 41.8 28.1 59.3 45.8 199.6 Public and publicly guaranteed . .... 91.9 41.8 28.1 59.3 45.8 199.6 Official creditors ...... 74.4 57.1 54.9 76.9 68.9 191.8 Multilateral ...... 44.0 14.2 34.9 57.1 43.5 99.2 Concessional ...... 43.2 14.2 38.1 57.1 43.5 99.2 Bilateral ...... 30.4 42.9 20.0 19.8 25.4 92.6 Concessional ...... 20.9 26.9 9.7 29.0 31.2 116.9 Private creditors ...... 17.5 -15.3 -26.8 -17.6 -23.1 7.9 Bonids ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 13.3 -0.6 -1.7 -6.2 -4.6 -4.8 Other private ...... 4.2 -14.7 -25.1 -11.4 -18.5 12.7 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks -.. .. 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 27.3 3.2 17.1 8.0 10.5 33.3 DEBT SERVICE (LTDS) . . . .. 65.7 16.4 37.2 35.7 37.1 58.6 Public and publicly guaranteed . .... 65.7 16.4 37.2 35.7 37.1 58.6 Official creditors ...... 0.7 1.1 7.8 12.5 14.0 48.4 Multilateral ... .0.3 0.5 4.0 1.1 1.6 2.0 Concessional ... . 0.2 0.5 0.8 1.1 1.6 2.0 Bilateral ...... 0.3 0.6 3.8 11.4 12.4 46.4 Concessional ...... 0.3 0.6 0.8 2.2 6.6 19.3 Private creditors ...... 65.0 15.3 29.3 23.2 23.1 10.2 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 44.9 0.6 3.4 6.2 4.6 4.8 Other private ...... 20.1 14.7 25.9 17.0 18.5 5.4 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Mlemo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.1 0.2 0.3 0.4 0.5 0.5 UNDISBURSED DEBT . .. . . 75.7 173.9 180.3 325.6 283.3 223.5 Official creditors ...... 60.4 156.9 165.8 316.7 269.4 217.5 Private creditors ...... 15.3 17.0 14.5 8.9 13.9 6.0 Memorandum items Concessional LDOD ...... 150.4 196.5 260.5 345.3 398.0 586.3 Variable rate LDOD ...... 35.0 30.6 16.0 12.0 8.0 4.0 Public sector LDOD ...... 255.9 312.7 370.4 429.9 456.9 624.1 Private sector LDOD ... . 16.3 15.5 16.0 21.9 17.2 18.8 6. CU'RREN( I CNPO~IrOlrlON OF LO\U.;l'ERN%I D)1B1 iERCENTI Deutsche mnark ...... 3.2 3.5 4.1 5.4 5.5 4.9 French franc ...... 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ...... 30.9 33.9 30.2 27.7 27.4 36.9 Pound sterling ...... 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ...... 3.3 2.7 2.8 2.3 1.7 0.8 U.S.dollars ...... 48.7 44.3 42.9 36.9 33.2 27.0 Multiple currency ...... 9.6 12.3 1 6.9 24.9 30.1 28.5 Special drawing rights ...... 0.0 0.0 0.0 0. 0.0 0.2 All other currencies . .. 4.3 3.4 3.1 2.8 2.1 1.6 387 MONGOLIA (US$ million, unless otherwise indicoted) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. D)EBT RESTRICTI1'RINGS Total amount rescheduled ...... 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ...... 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled .. .. 0.0 0.0 0.0 0.0 0.0 0.0 Official . .. 0.0 0.0 0.0 0.0 0.0 0.0 Private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Interest reschieduled . .. 0.0 0.0 0. 0.0 0.0 0.0 Official . .. 0.0 0.0 0.0 0.0 0.0 0.0 Private . ... 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ...... 0.0 0.1 0.0 0.0 0.0 0.8 Memo: interest forgiven ...... 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ...... 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback .... . 0.0 0.0 0.0 0.0 0.0 0.0 S. D)LBT,-% I O(. K-FLOW RECON( ILL-kTION Total change in debt stocks ... ... 23.4 73.6 65.2 12.0 193.5 Net flows on debt ... .. . 15.6 48.1 66.1 44.5 246.2 Net change in interest arrears ... .. . -0. 1 0.9 0.0 0.0 0.0 Interest capitalized ... .. .0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... .. . -0.1I 0.0 0.0 0.0 -0.8 Cross-currency valuation ... .. . 11.2 18.5 0.9 -18.7 -31.2 Residual ... .. . -3.2 6.1 -1.8 -13.8 -20.7 9) A% ERLAAE TE RNIS OF \I (VONfrMI TM ENT% ALL CREDITORS Interest (%) ...... 5.4 1.1 0.9 2.2 1.1 2.6 Maturity (years) ...... 8.5 34.9 39.8 35.2 33.5 34.7 Grace period (years) ...... 3.4 9.8 10.4 10.1 8.4 9.6 Grant element (%N.. .. 21.3 75.3 79.7 65.0 71.5 62.0 Official creditors Interest (%) ...... 2.2 1.0 0.9 2.2 1.2 2.4 Maturity (years) ...... 12.3 35.2 39.8 35.2 32.9 36.0 Grace period (years) ...... 4.9 9.9 10.4 10.1 8.2 10.0 Grant element (%) ...... 37.3 75.7 79.7 65.0 70.6 64.4 Private creditors Interest (%) ...... 7.6 3.4 0.0 0.0 0.8 6.0 Maturity (years) ...... 5.9 14.5 0.0 0.0 39.9 8.8 Grace period (years) ...... 2.4 3.0 0.0 0.0 10.4 2.2 Grant element (%) ...... 10.4 35.4 0.0 0.0 80.8 15.3 Memorandum items Commitments ...... 135.9 157.0 64.7 244.1 58.4 213.6 Official creditors ...... 54.8 155.2 64.7 244.1 53.4 203.1 Private creditors ...... 81.1 1.8 0.0 0.0 5.0 10.5 IU. CO)NTIRCFU kl_ OBLIGATIONi ON OL Is U,-TANDlNG LONG-i ER.Al DEBI 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 69.4 62.9 40.7 22.9 13.3 8.0 3.9 1.2 1.2 0.0 PTincipal 37.5 8.1 8.7 10.1 13.8 15.6 17.0 21.4 24.7 26.8 Interest 10.1 9.0 9.1 9.0 8.7 8.4 8.1 8.9 10.5 11.2 Official creditors Disbursements 65.2 61.4 40.4 22.9 13.3 8.0 3.9 1.2 1.2 0.0 Principal 4.5 4.7 5.2 6.7 10.4 12.1 15.3 20.5 24.5 26.5 Interest 7.6 8.0 8.3 8.3 8.3 8.1 8.0 8.8 10.5 11.2 Bilateral creditors Disbursements 11.8 6.9 4.2 2.5 1.0 0.5 0.4 0.0 0.0 0.0 Principal 4.5 4.7 5.2 6.7 9.0 10.4 11.6 14.6 16.1 14.8 Interest 4.0 4.1 4.0 4.0 3.9 3.7 3.6 3.4 3.2 2.9 Multilateral creditors Disbursements 53.5 54.5 36.2 20.4 12.3 7.5 3.5 1.2 1.2 0.0 Principal 0.0 0.0 0.0 0.0 1.4 1.7 3.7 5.9 8.4 11.7 Interest 3.5 4.0 4.2 4.4 4.4 4.4 4.4 5.4 7.3 8.2 Private creditors Disbursements 4.1 1.5 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 33.0 3.4 3.4 3.4 3.4 3.4 1.7 0.9 0.2 0.3 Interest 2.5 0.9 0.8 0.6 0.5 0.3 0.2 0.1 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 4.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Interest 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 4.1 1.5 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 28.9 3.3 3.3 3.3 3.3 3.3 1.6 0.8 0.1 0.2 Interest ...... 0.5 0.3 0.2 0.1 0.0 0.0 388 MOROCCO (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SUNIN13LRY DEBT DAT A TOTAL DEBT STOCKS (EDT) .. 9,258 24,458 21,866 22,061 21,459 22,158 22,669 21,667 19,321 Long-term debt (LDOD) 886 8,024 23,301 20,992 21,234 20,860 21,788 22,419 21,396 19,090 Public and publicly guaranteed 871 7,874 23,101 20,792 21,030 20,680 21,530 22,088 21,004 18,640 Private nonguaranteed 15 150 200 200 204 179 259 331 392 450 Use of IMF credit 28 457 750 574 439 285 148 52 3 0 Short-term debt 778 407 299 388 315 222 198 268 231 of which interest arrears on LDOD 3 182 190 99 t00 94 92 138 113 Official creditors 3 182 154 99 100 91 92 137 113 Private creditors 0 0 37 0 0 3 0 0 0 Memo: principal arrears on LDOD ..3 738 553 148 147 137 138 182 195 Official creditors 3 738 483 148 146 126 136 179 195 Private creditors 0 0 70 0 1 1 1 2 2 0 Memo: export credits ..8,416 8,878 8,117 7,835 8,076 7,957 6,813 6,287 TOTAL DEBT FLOWS Disbursements 196 2,262 1,711 1,482 1,910 2,037 1,802 2,093 1,759 1,151 Long-term debt 186 1,985 1,646 1,482 1,884 2,037 1,802 2.093 1,759 1,151 IMF purchases 10 278 65 0 26 0 0 0 0 0 Principal repayments 54 678 908 1,227 1,535 1,998 2,246 2,374 1,872 2,047 Long-term debt 40 591 680 1,055 1.393 1.841 2,094 2,273 1,825 2,044 IMF repurchases 14 88 228 172 142 156 152 101 47 3 Net flows on debt 142 1,584 889 139 555 -35 -532 -302 -89 -909 of which short-term debt ... 86 -116 180 -74 -87 -22 24 -12 Interest payments (INT) .. 768 886 1,163 2,356 1,329 1,393 1,391 1,347 1,034 Long-term debt 26 651 794 1,082 2.298 1,280 1.363 1,360 1,337 1,028 IMF charges 0 12 72 63 43 31 13 7 2 0 Short-term debt .. 105 20 18 15 18 18 24 9 6 Net transfers on debt 817 3 -1,024 -1,801 -1,363 -1,925 -1,693 -1,436 -1,943 Total debt service paid (TDS) -. 1,446 1,794 2,390 3,891 3,326 3,639 3,765 3,219 3,082 LOng-term debt 66 1,241 1,474 2,137 3,691 3,121 3,457 3,633 3,162 3,072 IMF repurchases and charges 14 100 300 235 186 187 165 107 49 3 Short-term debt (interest only) .. 105 20 18 15 18 18 24 9 6 2.AGGREG N'lE NET RESOURCE F[t)O%' S AND NET rR.XNSFLRS il-ONG-1 LPRMp NET RESOURCE FLOWS 190 1,559 1,610 1,307 1,095 995 601 360 823 818 Net flow of long-term debt (ex. IMF) 146 1,394 965 427 491 196 -293 -180 -66 -894 Foreign direct investment (net) 20 89 165 317 422 491 551 290 311 1,200 Portfolio equity flows 0 0 0 0 0 0 63 150 222 243 Grants (excluding technical coop.) 24 75 480 563 182 309 279 100 356 269 Memo: technical coop. grants 29 123 184 191 198 204 202 267 250 220 official net resource flows 145 828 1,269 1,1_46 652 504 -151 -184 480 -484 private net re-source flows 46 731 341 160 443 492 752 543 343 1,303 NET TRANSFERS 145 860 747 130 -1,374 -387 -872 -1,131 -689 -400 tnterest on long-term debt 26 651 794 1,082 2,298 1,280 1,363 1,360 1,337 1,028 Profit remittances on FDI 20 49 69 95 171 103 110 130 175 190 Memo: official net transfers 126 692 689 416 -129 -422 -1,169 -1,107 -409 -1,320 private net transfers 19 168 58 -286 -1,245 35 297 -24 -280 921 3. MIAJOR ECONOMIC AGG;RkcGATFh Gross national product (GNP) 3,911 18,223 24,839 26,721 27,208 25,576 29,181 31.682 35,551 32,498 Exports of goods & services (XGS) .. 4,324 8,328 8,901 9,597 9.169 9,606 11.265 11,984 11,575 of which workers remittances .. 1,054 2,006 1,990 2,170 1,959 1,827 1,970 2,166 1,893 Imports of goods & services (MGS) .. 5,807 8,853 9,599 10,392 10,026 10,772 12,812 12,360 11,975 International reserves (RES) 142 814 2,338 3,349 3,819 3,930 4,622 3,874 4,054 4,197 Current account balance .. -1,407 -196 -413 -433 -521 -723 -1,186 35 -87 4. DEBT INDICATORS EDT/XGS (% . 214.1 293.7 245.6 229.9 234.1 230.7 201.2 180.8 166.9 EDT! GNP (% . 50.8 98.5 81.8 81.1 83.9 75.9 71.6 60.9 59.5 TDS /XGS (% . 33.4 21.5 26.8 40.5 36.3 37.9 33.4 26.9 26.6 INT/XGS (% . 17.7 10.6 13.1 24.6 14.5 14.5 12.3 11.2 8.9 INT /GNP (% . 4.2 3.6 4.4 8.7 5.2 4.8 4.4 3.8 3.2 RES/EDT(% . 8.8 9.6 15.3 17.3 18.3 20.9 17.1 18.7 21.7 R.ES /MGS (mnonths) .. 1.7 3.2 4.2 4.4 4.7 5.1 3.6 3.9 4.2 Short-term ,'EDT (%) .. 8.4 1.7 1.4 1.8 1.5 1.0 0.9 1.2 1.2 Concessional / EDT (% . 29.3 32.6 24.6 24.8 25.8 27.1 28.1 29.2 30.4 Multilateral / EDT (%) .. 7.8 19.2 23.7 24.3 26.8 28.4 29.9 30.4 31.3 389 MOROCCO (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-TERNI DEBTr DEBT OUTSTANDING (LDOD) 886 8,024 23,301 20,992 21,234 20,860 21,788 22,419 21,396 19,090 Public and publicly guaranteed 871 7.874 23,101 20,792 21,030 20,680 21,530 22,088 21.004 18,640 Official creditors 742 3,519 16,991 14,982 15,588 15,487 16,127 16,519 15,742 13,783 Multilateral 59 723 4,687 5,173 5,353 5,750 6,297 6,768 6,585 6,042 Concessional 3 79 405 444 402 465 520 599 698 783 Bilateral 683 2,796 12,304 9,809 10,235 9,736 9,829 9,752 9,157 7,742 Concessional 620 2,638 7,579 4,930 5,065 5.067 5,493 5,772 5,636 5,092 Private creditors 129 4,355 6,110 5,810 5,442 5,194 5.403 5,569 5,262 4,856 Bonds 32 173 0 0 0 0 0 0 286 251 Commercial banks 0 2,343 3,394 3.344 3,253 3,250 3.424 3,523 3,351 3.234 Other private 98 1,839 2,716 2,465 2,189 1,944 1,979 2,046 1,624 1,372 Private nonguaranteed 15 150 200 200 204 179 259 331 392 450 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 15 150 200 200 204 179 259 331 392 450 Memo: IBRD 56 539 3,099 3,295 3,408 3,559 3,746 3,966 3,732 3,271 IDA 3 39 39 38 37 36 35 33 32 31 DISBURSEMENTS 186 1,985 1,646 1,482 1,884 2,037 1,802 2,093 1,759 1,151 Public and publicly guaranteed 179 1,910 1,638 1,474 1,872 1,904 1,722 1,991 1,668 1,063 Official Creditors 145 866 1,220 1,155 1,315 1,282 1,040 1,359 1,331 850 Multilateral 16 109 781 726 858 781 655 906 797 566 Concessional 2 22 39 52 105 90 71 92 136 139 Bilateral 130 757 439 429 458 501 385 453 534 285 Coocessional 90 709 287 243 328 408 368 314 335 221 Private creditors 34 1,044 418 319 557 622 681 632 337 213 Bonds 0 7 0 0 0 0 0 0 293 0 Commercial banks 0 482 47 80 50 148 266 204 0 47 Other private 34 555 371 239 507 474 416 428 44 166 Private nonguaranteed 8 75 8 8 12 133 80 103 91 88 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 8 75 8 8 12 133 80 103 91 88 Memo: IBRD 14 64 426 357 477 377 246 426 380 141 IDA 2 1 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 40 591 680 1,055 1,393 1,841 2,094 2,273 1,825 2,044 Public and publicly guaranteed 38 566 672 1,047 1,385 1,810 2,093 2,243 1,795 2,014 Official creditors 25 114 430 572 845 1,087 1,471 1,642 1,207 1,603 Multilateral 5 39 276 328 485 427 476 629 571 649 Concessional 0 0 13 17 123 23 26 22 28 31 Bilateral 20 75 155 244 361 660 994 1,013 636 955 Concessional 15 61 33 38 46 259 317 267 199 331 Private creditors 13 452 242 476 540 723 623 601 588 411 Bonds 3 9 0 0 0 0 0 0 0 0 Commercial banks 0 295 40 129 138 148 98 ill 168 153 Other private 10 149 202 346 402 575 525 489 421 258 Private nonguaranteed 3 25 8 8 8 31 1 30 30 30 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 25 8 8 8 31 1 30 30 30 Memo: IBRD 5 29 202 229 269 293 301 349 341 294 IDA 0 0 1 1 1 1 1 1 1 1 NET FLOWS ON DEBT 146 1,394 965 427 491 196 -293 -180 -66 -894 Public and publicly guaranteed 141 1,344 965 427 487 94 -372 -252 -127 -952 Official creditors 120 752 790 583 470 195 -430 -283 125 -753 Multilateral 11 70 506 398 373 354 179 277 226 -83 Concessional 2 22 25 35 -18 67 45 70 108 108 Bilateral 109 682 284 185 97 -160 -609 -560 -102 -670 Concessional 75 648 254 206 283 149 51 46 136 -110 Private creditors 21 592 176 -157 17 -101 59 31 -252 -199 Bonds -3 -2 0 0 0 0 0 0 293 0 Commercial banks 0 188 7 -49 -89 -1 167 93 -168 -106 Other private 24 406 169 -108 105 -100 -109 -62 -377 -93 Private nonguaranteed 5 50 0 0 4 102 79 73 61 58 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 5 50 0 0 4 102 79 73 61 58 Memo: IBRD 9 35 224 128 208 84 -55 78 39 -153 IDA 2 1 -1 -l -1 -1 -1 -1 -1 -1 390 MOROCCO (US$ millioni, unless otherwise indicated) 1970 1980 1990 1991 1q92 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LNT) 26 651 794 1,082 2,298 1,280 1,363 1,360 1,337 1,028 Plublic and publicly guaranteed 25 639 789 1,077 2,291 1,277 1,362 1,359 1,326 1,015 Official creditors 19 135 580 730 782 926 1,018 923 889 836 Multilateral 4 56 306 352 379 403 427 466 465 422 Concessional 0 1 7 10 16 15 17 19 24 28 Bilateral 15 79 274 378 403 523 591 458 425 414 Concessional 13 69 57 59 66 131 136 142 142 158 Private creditors 6 504 208 347 1,509 352 344 436 437 179 Bonds 2 15 0 0 0 0 0 0 0 17 Commercial banks 0 364 43 170 1,328 152 158 259 281 43 Other private 4 125 165 177 181 199 186 176 155 120 Private nonguaranteed 1 11 5 5 7 2 1 2 11 13 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 11 5 5 7 2 1 2 11 13 Memo: IBRD 4 49 226 242 249 259 271 282 258 238 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 121 743 172 -655 -1,807 -1,084 -1,655 -1,540 -1,403 -1,921 Public and publicly guaranteed 116 705 177 -650 -1,804 -1,183 -1,734 -1,611 -1,453 -1,967 Official creditors 102 617 209 -147 -311 -731 -1,448 -1,206 -765 -1.589 Multilateral 7 14 200 46 -6 -48 -248 -189 -238 -505 Concessional 2 21 19 25 -34 52 28 51 84 81 Bilateral 95 603 10 -193 -306 -683 -1,200 -1,018 -526 -1,084 Concessional 62 579 197 147 217 19 -85 -96 -6 -268 Private creditors 15 88 -33 -503 -1,492 -453 -286 -405 -688 -378 Bonds -5 -17 0 0 0 0 0 0 293 -17 Commercial banks 0 -177 -36 -219 -1,417 -153 9 -167 -449 -149 Other private 20 281 4 -285 -75 -300 -295 -238 -532 -212 Private nonguaranteed 4 39 -5 -5 -3 99 79 71 50 45 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 4 39 -5 -5 -3 99 79 71 50 45 Memo: IBRD 5 -14 -2 -114 -41 -175 -326 -204 -219 -391 IDA 2 0 -1 -t -1 -2 -2 -2 -2 -2 DEBT SERVICE (LTDS) 66 1,241 1,474 2,137 3,691 3,121 3,457 3,633 3,162 3,072 Public and publicly guaranteed 62 1,205 1,461 2,124 3,676 3,088 3,456 3,602 3,121 3,029 Official creditors 44 249 1,011 1,302 1,627 2,013 2,489 2,565 2,096 2,439 Multilateral 9 95 582 680 863 829 903 1,~095 1,035 1,071 Concessional 0 1 20 28 139 38 43 4 1 5 2 58 Bilateral 35 154 429 622 764 1,184 1,586 1,471 1,061 1.368 Concessional 28 130 90 97 All 389 453 409 341 489 Private creditors 19 956 451 822 2,049 1,075 967 1,036 1,025 590 Bonds 5 23 0 0 0 0 0 0 0 17 Commercial banks 0 659 83 299 1.467 301 256 371 449 196 Other private 14 274 367 523 583 774 711 666 576 378 Private nonguaranteed 3 36 13 13 15 33 2 32 41 43 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 36 13 13 15 33 2 32 41 43 Memo: IBRD 9 78 428 471 518 552 572 630 599 532 IDA 0 1 1 1 1 2 2 2 2 2 UNDISBURSED DEBT 242 2,291 4,026 4,898 4,760 5,069 5,204 5,661 4,334 4,276 Official creditors 221 1.882 3.417 3,871 3,764 4,123 4.348 5,186 3,927 3,807 Private creditors 21 409 608 1,028 996 946 856 475 407 469 Memorandum items Concessional LDOD 622 2,717 7,984 5,374 5.467 5,532 6,012 6,371 6,334 5,875 VaTiable rate LDOD 15 2,626 7,827 7,819 8,119 8,196 8,294 8,621 8,255 7,634 Public sector LDOD 864 7,819 23,037 20,734 20,912 20,504 21,304 21,844 20,768 18,429 Private sector LDOD 23 204 264 257 322 356 484 575 629 660 6. LCL RRENCY CONMP( SI I ION OF 1 ICNING-TE R.%I BEi PE RC ENTi' Deutsche mark 11.7 3.9 5.4 6.4 6.8 7.4 7.8 7.8 7.1 6.9 French franc 29.5 22.0 23.3 24.9 23.2 21.5 21.5 21.2 21.3 19.5 Japanese yen 0.0 1.9 2.3 3.0 3.7 4.1 4.3 3.9 3.5 2.6 Pound sterting 0.0 0.4 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Swiss franc 0.1 0.3 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.2 U.S.dollars 40.9 54.7 41.0 32.3 32.6 32.0 29.5 28.2 28.8 30.9 Multiple currency 6.8 7.0 15.8 19.5 20.5 22.3 23.5 23.8 22.9 22.3 Special drawing rights 0.0 0.2 0.1 0.3 0.2 0.2 0.2 0.2 0.1 0.1 All other currencies 11.0 9.5 1 1.8 13.3 12.7 12.1 13.0 14.7 16.0 17.4 391 MOROCCO (US$ million, unless othzerwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 .DE BT RLS'l RL CTl.RI N(S Total amount rescheduled 0 0 4.118 248 1,755 0 0 0 0 0 Debt stock rescheduled 0 0 2,732 0 0 0 0 0 0 0 Principal rescheduled 0 0 591 186 750 0 0 0 0 0 Official 0 0 389 71 538 0 0 0 0 0 Private 0 0 203 115 213 0 0 0 0 0 Interest rescheduled 0 0 219 54 203 0 0 0 0 0 Official 0 0 137 25 119 0 0 0 0 0 Private 0 0 82 30 83 0 0 0 0 0 Debt forgiven ... 3 1 2,875 0 0 0 0 0 5 Memo: interest forgiven ...0 97 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buvback 0 0 0 0 0 0 0 0 0 0 s. DEBI' STilKK-F! O% REC ONUlLL-%rioN Total change in debt stocks ... 2,585 -2,593 195 -602 699 511 -1,002 -2,346 Net flows on debt ... 889 139 555 -35 -532 -302 -89 -909 Net change in interest arrears ... 43 8 -92 1 -6 -2 46 -25 Interest capitalized ... 219 54 203 0 0 0 0 0 Debt forgiveness or:reduction .. -31 -2,875 0 0 0 0 0 -5 Cross-currency valuation ... 1,257 -17 -789 -442 1,109 743 -946 -1,251 Residual ... 209 98 318 -126 127 72 -12 -157 9. XVERAGEl LERNIS (IF NE%% .OINtIIli~ NIN ALL CREDITORS Interest (% 4.3 7.9 6.7 6.7 7.4 6.7 4.7 4.6 6.0 4.8 Maturity (years) 27.2 17.2 20.3 19.5 14.0 18.4 16.5 17.9 13.9 17.6 Grace period (years) 7.4 4.9 6.4 5.6 3.8 5.0 4.3 4.8 3.8 4.9 Grant element (%) 38.0 15.8 24.8 22.9 11.6 19.2 31.2 30.6 21.7 33.1 Official creditors Interest (%) 3.9 4.1 5.4 5.7 8.0 6.8 4.1 4.3 5.7 4.4 Maturity (years) 31.8 20.7 24.2 23.3 16.1 21.5 19.3 18.7 16.3 18.6 Grace period (years) 8.8 5.3 8.2 6.7 5.0 6.2 5.7 5.2 4.5 5.1 Grant element (%) 44.0 39.5 35.9 31.7 11.3 22.1 38.7 32.7 25.7 36.1 Private creditors Interest (% 6.1 12.1 9.7 8.7 6.1 6.5 6.1 7.0 6.5 7.6 Maturity (years) 8.6 13.4 11.6 11.7 10.0 9.0 1 0.8 9.2 9.2 9.9 Grace period (years) 1.6 4.5 2.3 3.3 1.4 1.4 1.3 0.6 2.5 3.1 Grant element (%) 13.7 -10.0 -0.2 4.2 12.3 10.5 15.3 9.8 13.8 9.9 Memorandum items Commitments 251 1.920 2.316 2.385 2,082 2,481 1,654 2.365 1,061 1.274 Official creditors 201 1,000 1.601 1,618 1,384 1,856 1,122 2,153 703 1,127 Private creditors 50 920 715 767 698 625 531 212 359 147 WI. CON I RAC'1UI'kl- OBl.lG-;ATHYN (N 0 O U'lSTA-ND)IN'G LONG-TERNI DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTA-L Disbursements 1,362 1,128 718 451 270 161 92 46 26 1 3 Principal 1.934 1,888 1,709 2,116 2.022 2.022 1.864 1,332 1.116 1.030 Interest 1,121 1,066 990 911 808 689 568 439 364 304 Official creditors Disbursements 1,144 973 651 432 261 161 92 46 26 13 Principal 1.259 1.280 1,260 1,205 1,163 1,162 1.128 1,100 1,011 940 Interest 754 724 684 637 580 519 458 396 335 280 Bilateral creditors Disbursements 483 369 215 113 52 20 8 1 0 0 Principal 651 586 555 600 574 574 544 519 445 426 Interest 358 335 311 286 254 223 194 166 140 118 Multilateral creditors Disbursements 661 604 437 319 210 141 84 45 26 13 Principal 608 695 705 605 589 587 584 580 566 514 Interest 397 390 373 351 326 296 264 230 195 162 Private creditors Disbursements 218 156 67 20 8 0 0 0 0 0 Principal 675 608 449 911 858 860 736 232 105 90 Interest 367 342 306 275 229 169 110 43 29 24 Commercial banks Disbursements 27 14 2 1 0 0 0 0 0 0 Principal 320 269 161 647 621 620 510 27 23 21 Interest 220 206 187 174 145 103 60 9 7 5 Other private Disbursements 191 142 65 19 8 0 0 0 0 0 Principal 355 339 289 264 238 240 227 205 82 69 Interest 147 136 119 101 84 67 50 35 23 19 392 MOZAMBIQUE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SLINIMlA.RN DEB I I[)A'. TOTAL DEBT STOCKS (EDT) 4,653 4,718 5,130 5,195 5,622 5,726 5,782 5,991 Long-term debt (LDOD) 4,234 4,353 4,718 4,842 5,221 5,245 5,418 5,475 Public and publicly guaranteed .. 4,215 4,337 4,701 4,824 5,207 5,198 5,376 5,430 Private nonguaranteed 19 16 17 18 14 48 43 45 Use of IMF credit 0 0 74 118 175 189 212 202 181 189 Short-term debt 345 247 238 164 189 279 182 327 of which interest arrears on LDOD 207 166 153 147 171 250 164 209 Official creditors 76 101 136 145 166 245 162 207 Private creditors 131 65 17 3 4 5 2 2 Memo: principal arrears on LDOD .. 725 746 679 780 884 1,087 1,118 1,186 Official creditors 373 499 613 731 870 1,074 1,115 1,183 Private creditors .. 352 247 66 49 14 12 3 3 Memo: export credits .. .. 986 732 1,067 1.265 1,105 1,110 948 989 TOTAL DEBT FLOWS Disbursements 243 156 265 194 254 267 300 300 Long-term debt 231 114 201 173 233 267 282 265 IMF purchases 0 0 12 42 64 21 21 0 18 35 Principal repayments 41 41 34 44 67 85 92 59 Long-term debt .. 41 41 33 38 57 71 59 44 IMF repurchases 0 0 0 0 2 6 11 14 33 15 Netflows on debt 174 58 235 82 189 193 197 341 of which short-term debt -28 -57 4 -69 2 11 -11 100 Interest payments (INT) 38 42 48 79 56 77 49 45 Long-term debt .. .. 23 34 43 75 54 75 46 41 IMF charges 0 0 0 1 0 1 1 1 2 1 Short-term debt .. .. 15 7 5 3 1 1 1 3 Net transfers on debt 136 16 187 3 133 116 148 295 Total debt service paid (TDS) .. 79 83 83 122 123 162 141 104 Long-term debt .. .. 64 75 76 113 111 146 106 85 IMF repurchases and charges 0 0 0 1 2 7 12 16 34 16 Short-term debt (interest only) .. .. 15 7 5 3 1 1 1 3 2. .xA(GGREG xIE %FI RESOURCE ll.O1 S AND NET I [-RAN [FE[R iON-ERMi NET RESOURCE FLOWS 950 962 919 804 849 1,011 717 765 Net flow of long-term debt (ex. IMF) .. .. 190 73 168 135 176 196 222 221 Foreign direct investment (net) .. .. 9 23 25 32 35 45 29 35 Portfolio equity flows .. .. 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) .. .. 751 866 726 637 638 770 465 508 Memo: technical coop. grants .. .. 96 136 200 229 270 270 200 189 official net resource flows .. .. 915 955 897 774 816 942 694 728 private net resource flows .. .. 35 7 23 30 33 69 23 37 NET TRANSFERS 927 928 876 729 793 936 667 721 Interest on long-term debt .. .. 23 34 43 75 54 75 46 41 Profit remittances on FDI .. .. 0 0 0 0 2 0 3 2 Memo: official net transfers .. .. 899 927 859 703 763 871 649 688 private net transfers .. .. 28 2 18 26 30 65 19 34 3. NI- IOR Et OiOMNIC XGGREI;ATES Gross national product (GNP) .. .. 1,890 1,866 1,401 1,523 1.633 1,753 2,134 2,573 Exports of goods & services (XGS) .. .. 300 365 362 372 395 470 540 562 of which workers remittances .. .. 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. .. 1,164 1,211 1,214 1,321 1,427 1,254 1,182 1,177 International reserves (RES) .. .. .. .. .. .. .. Current account balance .. .. -415 -344 -352 -446 -467 -445 -359 4.11; DBTl INDIC .%\TO)RS EDT /XGS (%) .. .. 1,552.0 1,292.4 1,417.6 1,397.9 1,421.9 1,217.3 1,070.1 1,066.0 EDT / GNP (%) .. .. 246.2 252.9 366.2 341.0 344.2 326.7 270.9 232.9 TDS i XGS (%) .. .. 26.2 22.6 22.9 32.9 31.2 34.5 26.0 18.6 INT /XGS(%) .. .. 12.6 11.4 13.4 21.2 14.2 16.4 9.0 8.1 INT / GNP (%) .. .. 2.0 2.2 3.5 5.2 3.4 4.4 2.3 1.8 RES /EDT(G) .. .. .. .. .. .. .. .. RES / MGS (months) .. .. .. .. .. .. .. .. Short-term / EDT (%) .. .. 7.4 5.2 4.6 3.1 3.4 4.9 3.2 5.5 Concessional / EDT (%) .. .. 44.8 50.7 51.3 54.8 57.4 51.1 55.6 56.5 Multilateral i EDT (%G) .. .. 10.0 11.5 13.0 15.4 18.7 22.3 25.7 27.1 393 MOZAMBIQUE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG- I LER-,N DEB I DEBT OUTSTANDING (LDOD) . .. 4,234 4,353 4,718 4,842 5,221 5,245 5,418 5,475 Public and publicly guaranteed ... 4,215 4,337 4,701 4,824 5,207 5,198 5,376 5,430 Official creditors .. 3.563 3,863 4,491 4,680 5,116 5,152 5,348 5,412 Multilateral ..464 543 667 799 1,050 1,277 1,488 1L626 Concessional ... 406 478 600 730 975 1,196 1,401 1,533 Bilateral .. 3,099 3,320 3,825 3,881 4,066 3,875 3,860 3.786 Concessional ..1,680 1,917 2,034 2.118 2,253 1,730 1,815 1,852 Private creditors .. 651 475 2t0 144 91 46 27 18 Bonds 00 0 0 0 0 0 0 Commercial banks ..147 20 9 9 7 7 2 2 Other private ..504 455 201 135 84 39 25 17 Private nonguaranteed ... 19 16 17 18 14 48 43 45 Bonds 0 0 0 0 0 0 0 0 Commercial banks - 1 9 1 6 1 7 18 14 48 43 45 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 268 328 417 512 714 890 1.076 1,160 DISBURSEMENTS .. 231 114 201 173 233 267 282 265 Public and publicly guaranteed ..211 114 197 169 230 231 282 259 Official creditors ..187 108 197 165 229 231 282 259 Multilateral ... 96 81 159 144 220 219 275 244 Concessional 89 70 149 135 211 208 265 224 Bilateral 91 28 38 21 10 I11 7 15 Concessional .. 1 28 38 21 10 11 7 15 Private creditors 24 6 0 4 1 0 0 0 Bonds . ..0 0 0 0 0 0 0 0 Commercial banks 0 0 0 3 0 0 0 0 Other private 24 6 0 1 1 0 0 0 Private nonguaranteed ... 20 0 4 4 3 36 0 6 Bonds 0 0 0 0 0 0 0 0 Commercial banks .. 20 0 4 4 3 36 0 6 Memno: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 74 56 106 93 176 160 221 148 PRINCIPAL REPAYMENTS ... 41 41 33 38 57 71 59 44 Public and publicly guaranteed ... 29 38 30 35 54 67 55 40 Official creditors . . 23 20 26 28 51 58 53 39 Multilateral 9 8 10 I11 13 13 17 17 Concessional 4 3 4 5 5 6 it1 9 Bilateral ... 13 12 16 16 39 46 36 23 Concessional ..5 7 8 7 11 18 18 18 Private creditors ... 7 18 4 7 2 9 1 1 Bonds ... 0 0 0 0 0 0 0 0 Commercial banks .. 3 15 2 0 1 0 0 0 Other private 3 4 1 7 2 9 1 1 Private nonguaranteed ... 12 3 3 3 3 3 5 4 Bonds 0 0 0 0 0 0 0 0 Commercial banks ... 2 3 3 3 3 3 5 4 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 12 NET FLOWS ON DEBT . . 190 73 168 135 176 196 222 221 Public and publicly guaranteed ... 182 76 167 135 176 163 227 219 Official creditors 164 89 171 137 178 172 229 220 Multilateral ... 86 73 149 133 207 207 258 228 Concessional ... 85 67 144 129 206 202 255 216 Bilateral 78 16 22 4 -29 -34 -29 -8 Concessional ..86 21 30 14 -2 -7 -11 -4 Private creditors ... 17 -13 -4 -3 -2 -9 -1 -1 Bonds .. 0 0 0 0 0 0 0 0 Commercial banks ..-3 -15 -2 3 - I 0 0 0 Other private ..21 2 -1 -6 -l -9 -1 -1 Private nonguaranteed ... 8 -3 1 1 0 33 -5 2 Bonds .. 0 0 0 0 0 0 0 0 Commercial banks ... 8 -3 1 1 0 33 -5 2 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 74 56 106 93 176 160 220 147 394 MOZAMBIQUE (US$8 million, uinless otherwise indicoted) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT). . 23 34 43 75 54 75 46 41 Public and publicly guaranteed . .. 23 33 43 75 54 74 45 41 Official creditors ..17 28 38 71 53 71 45 41 Multilateral ...7 8 10 11 12 12 15 16 Concessional 3 4 4 5 77 10 11 Bilateral ...10 21 28 60 40 59 30 25 Concessional ...6 11 17 26 10 12 15 16 Private creditors ..6 5 5 4 1 3 0 0 Bonds ...0 0 0 0 0 0 0 0 Commercial banks I. 1 0 0 0 0 0 0 Other private ...5 5 4 4 1 3 0 0 Private nonguaranteed ...0 0 0 0 0 1 1 1 Bonds ..0 0 0 0 0 0 0 0 Commercial banks . .. 0 0 0 0 0 1 1 1 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 2 3 3 4 6 7 8 NET TRANSFERS ON DEBT . .. 167 39 125 60 122 122 176 180 Public and publicly guaranteed . .. 159 43 124 60 122 90 182 178 Official creditors ... 148 61 t33 67 125 102 183 179 Multilateral so.. 8 66 139 122 195 195 243 212 Coocessional ... 82 63 140 124 200 195 245 205 Bilateral ...68 -5 -6 -56 -69 -93 -60 -33 Concessional so..8 10 13 -12 -11 -19 -26 -20 Private creditors ..11 -18 -8 -7 -3 -12 -2 -1 Bonds ..0 0 0 0 0 0 0 0 Commercial banks ...-5 -15 -3 3 -1 0 0 0 Other private ...16 -3 -6 -10 -3 -12 -1 -1 Private nonguaranteed ...8 -4 1 0 0 32 -6 2 Bonds ...0 0 0 0 0 0 0 0 Commercial banks ...8 -4 1 0 0 32 -6 2 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 73 54 103 90 172 154 214 139 DEBT SERVICE (LTDS) . .. 64 75 76 113 il1. 146 106 85 Public and publicly guaranteed . .. 52 71 73 109 108 141 100 80 Official creditors ... 39 48 64 98 104 129 99 79 Multilateral ... 16 15 20 22 25 25 32 32 Concessional ...7 7 9 11 12 13 21 20 Bilateral ... 23 33 45 76 79 104 66 47 Concessional ... 11 18 26 33 21 30 33 35 Private creditors 12 23 8 11 4 12 2 1 Bonds ...0 0 0 0 0 0 0 0 Commercial banks ...5 15 3 0 1 0 0 0 Other private 8 8 6 1 1 3 12 1 1 Private nonguaranteed . .. 12 4 3 3 3 5 6 5 Bonds ..0 0 0 0 0 0 0 0 Commercial banks ... 12 4 3 3 3 5 6 5 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 2 3 3 4 6 7 9 UNDISBURSED DEBT . .. 836 747 963 979 1,346 1,285 955 903 Official creditors . 823 744 961 978 1,346 1,285 955 903 Private creditors ...13 2 2 1 0 0 0 0 Memorandum items Concessional LDOD ... 2,085 2,394 2.634 2.,848 3,228 2,925 3.216 3.385 Variable rate LDOD . .. 290 259 673 632 583 591 522 485 Public sector LDOD ... 4,214 4,337 4,701 4,824 5,207 5,198 5,376 5,430 Private sector LDOD ... 20 16 17 18 14 48 43 45 6. CLiRRENCN UoNIPjosi liON OF L.NA)N-FRlINl DEBT PERUEN r-P Deutsche mark ... 5.0 5.3 4.7 4.8 5.5 4.6 4.5 3.9 French franc ... 12.1 11.3 9.5 8.8 9.4 10.1 9.6 8.4 Japanese yen . 1.8 1.9 1.8 1.9 1.9 1.8 1.8 1.6 Pound sterling ... 2.4 2.7 2.2 2.2 2.1 2.1 2.2 2.1 Swiss franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... 52.4 52.7 58.0 59.8 60.7 60.3 61.8 63.2 Multiple currency . 4.7 5.6 6.5 6.9 7.4 8.4 8.1 8.2 Special drawing rights . 1.3 1.3 1.1 1.1 1.1 1.2 1.1 1.1 All other currencies ... 20.2 19.2 16.1 14.5 11.9 11.5 10.9 11.6 395 MOZAMBIQUE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 Total amount rescheduiled .. 386 203 673 173 200 66 187 136 Debt stock rescheduled 0 0 8 0 0 0 0 0 Principal rescheduled .. 226 94 283 76 73 32 81 50 Official ..134 51 51 41 66 30 72 48 Private ..92 43 232 35 7 2 9 2 Interest rescheduled .. 158 48 84 58 62 29 105 64 Official ..123 38 33 42 61 28 103 63 Private 35 10 5 1 17 1 0 2 1 Debt forgiven ..210 58 19 27 57 310 33 23 Memo: interest forgiven 14 72 4 6 7 12 67 8 Debt stock reduction ...0 118 0 3 0 0 0 0 of which debt buyback ...0 12 0 0 0 0 0 0 S. DEB I'rSTOC K-FLO W REUONCILLATlION Total change in debt stocks ... 290 66 412 64 427 104 55 209 Net flows on debt ... 174 58 235 82 189 193 197 341 Net change in interest arrears ... -61 -41 -13 -6 23 79 -86 45 Interest capitalized ... 158 48 84 58 62 29 105 64 Debt forgiveness or reduction ... -210 -165 -19 -30 -57 -310 -33 -23 Cross-CUrrenicy valuation ... 209 -14 -92 -65 115 73 -63 -117 Residual ... 20 181 218 25 94 40 -65 -100 9. .W'ERA.IK ..FERM%lS (IF NE'A C'ONINIIT-NIENTIS ALL CREDITORS Interest (%) ... 1.4 1.8 0.8 1.0 0.8 0.9 2.1 1.5 Maturity (years) ... 35.0 31.8 41.8 37.6 35.0 36.7 23.8 42.1 Grace period (years) ... 9.2 9.1 10.1 9.2 9.9 9.3 8.7 9.7 Grant element (%) ... 71.8 67.0 79.9 76.0 76.8 76.1 59.4 73.8 Official creditors Interest (%) ... 1.3 1.8 0.8 0.8 0.8 0.9 2.1 1.5 Maturity (years) ... 35.2 31.8 41.8 38.1 35.0 36.7 23.8 42.1 Grace period (years) ... 9.2 9.1 10.1 9.4 9.9 9.3 8.7 9.7 Grant element (%) ... 72.3 67.0 79.9 77.3 76.8 76.1 59.4 73.8 Private creditors Interest (% ... 9.0 0.0 0.0 7.0 0.0 0.0 0.0 0.0 Maturity (years) ... 4.9 0.0 0.0 11.5 0.0 0.0 0.0 0.0 Grace period (years) . . 2.9 0.0 0.0 2.4 0.0 0.0 0.0 0.0 Grant element (%) ... 2.4 0.0 0.0 16.3 0.0 0.0 0.0 0.0 Memorandum items Commitments ... 177 84 456 191 570 150 1 1 303 Official creditors ... 176 84 456 187 570 150 11 303 Private creditors I.. 0 0 4 0 0 0 0 10. CONTR.XCTlI1 AL OBIAGA lI'ONS ON OlUTST. 3.NDI NG LONG-TFR~1% DEBT 1998 1999 2000 2001 2002 200.3 2004 2005 2006 2007 TOTAL Disbursements 285 25 4 168 97 48 25 1 8 6 2 0 Principal 126 133 319 310 314 322 290 255 137 133 Interest 5 4 9 5 131 117 103 88 73 62 54 5 1 Official creditors Disbursements 285 254 168 97 48 25 18 6 2 0 Principal 121 127 313 305 309 316 285 250 132 127 Interest 52 93 129 116 102 87 72 62 54 50 Bilateral creditors Disbursements 14 14 9 6 4 2 2 1 1 0 Principal 98 101 281 272 274 276 237 194 73 66 Interest 34 72 107 94 80 66 52 42 34 32 Multilateral creditors Disbursements 272 240 159 91 44 23 16 5 1 0 Principal 23 26 33 33 35 40 48 55 58 61 Interest 19 21 22 22 22 22 21 20 19 19 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 5 6 6 6 6 6 6 6 6 6 Interest 1 2 2 1 1 1 1 1 1 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 5 5 6 6 6 6 6 6 6 6 Interest 1 2 2 1 1 1 1 1 1 0 396 MYANMAR (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 i. SI:NlNQARY DEBT DxU I TOTAL DEBT STOCKS (EDT) ,. 1,500 4,695 4,875 5,355 5,757 6,555 5,771 5,184 5,074 Long-term debt (LDOD) 106 1,390 4,466 4,580 5,003 5,394 6,154 5,378 4,804 4,640 Public and publicly guaranteed 106 1,390 4,466 4,580 5,003 5.394 6,154 5,378 4,804 4,640 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 17 106 0 0 0 0 0 0 0 0 Short-term debt .. 4 229 295 352 362 401 393 381 434 of which interest arrears on LDOD .. 0 200 248 340 354 380 352 366 390 Official creditors .. 0 168 203 286 299 312 285 305 332 Private creditors .. 0 32 45 54 55 68 67 61 58 Memo: principal arrears on LDOD .. 0 377 561 787 1,045 1,431 1,359 1,289 1,349 Official creditors 0 291 430 617 841 1,178 1,100 1,042 1,113 Private creditors .. 0 85 130 170 203 252 259 247 236 Memo: export credits .. 282 292 398 405 462 572 537 711 TOTAL DEBT FLOWS Disbursements 22 282 122 59 78 72 59 86 144 190 Long-term debt 22 269 122 59 78 72 59 86 144 190 IMF purchases 0 14 0 0 0 0 0 0 0 0 Principal repayments 20 89 46 29 26 22 42 180 140 101 Long-term debt 20 66 44 29 26 22 42 180 140 101 IMF repurchases 0 23 2 0 0 0 0 0 0 0 Net flows on debt 2 193 91 49 17 46 30 -74 -23 118 of which short-term debt .. .. 15 18 -35 -4 13 20 -27 29 Interest payments (INT) .. 52 15 51 28 89 121 70 18 15 Long-term debt 3 45 13 49 26 89 120 68 18 13 IMF charges 0 4 0 0 0 0 0 0 0 0 Short-term debt .. 3 2 2 2 1 1 2 1 2 Net transfers on debt .. 141 76 -2 -11 -43 -91 -144 -41 103 Total debt service paid (TDS) .. 141 60 80 54 111 163 250 158 116 Long-term debt 23 112 57 78 52 111 162 248 157 114 IMF repurchases and charges 0 26 2 0 0 0 0 0 0 0 Short-term debt (interest only) 3 2 2 2 1 1 2 1 2 2. AGGREGA [ E NE [ RESOURCE Fl.AA%% S AND NF T TRANSFERS 'LONG-TERM l NET RESOURCE FLOWS 16 269 276 324 263 242 254 200 236 242 Net flow of long-term debt (ex. IMF) 2 202 78 30 52 50 17 -95 4 89 Foreign direct investment (net) 0 0 161 238 172 149 91 115 100 80 Portfolio equity flows 0 0 0 0 0 0 29 16 10 -2 Grants (excluding technical coop.) 15 66 37 55 39 43 117 164 122 76 Memo: technical coop. grants 6 31 35 39 31 30 30 45 35 40 official net resource flows 9 240 123 88 92 60 124 34 106 62 private net resource flows 7 29 153 236 171 182 130 166 129 180 NET TRANSFERS 13 223 263 275 237 153 134 132 218 229 Interest on long-term debt 3 45 13 49 26 89 120 68 18 13 Profit remittances on FDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers 7 218 113 39 67 -25 5 -32 92 52 private net transfers 6 5 151 235 170 178 128 164 126 177 3. MAJOR ECONOM11C .AGGREGATES Gross national product (GNP) Exports of goods & services (XGS) 129 556 668 610 865 943 1,212 1,292 1,310 1,448 of which workers remittances 0 0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) 211 869 1,270 1,037 1,263 1,508 1,693 2,173 2,204 2,488 International reserves (RES) 98 409 410 347 364 401 518 651 315 317 Current account balance .. -347 -431 -267 -114 .. .. 4. DEBT INDID.% 1-ORS EDT /XGS (%) .. 269.8 702.8 799.2 619.0 610.5 540.9 446.6 395.7 350.4 EDT /GNP(%) .. .. .. .. .. .. .. TDS / XGS (%) .. 25.4 9.0 13.1 6.2 11.8 13.4 19.3 12.1 8.0 INT / XGS (8) .. 9.4 2.2 8.4 3.2 9.5 10.0 5.4 1.4 1.0 INT /GNP (). .. .. .. .. RES / EDT (21) .. 7.2 8.7 7.1 6.8 7.0 7.9 11.3 6.1 6.2 RES /MGS (months) 5.6 5.6 3.9 4.0 3.5 3.2 3.7 3.6 1.7 1.5 Short-term / EDT (%) .. 0.3 4.9 6.1 6.6 6.3 6.1 6.8 7.3 8.6 Concessional / EDT (%) .. 72.7 87.6 86.5 86.5 86.6 86.6 84.7 83.5 80.6 Multilateral / EDT (%) .. 18.7 26.3 25.8 24.4 23.4 22.2 23.1 23.6 23.1 397 MYANNMAR (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONC-rERM DEBr DEBT OUTSTANDING (LDOD) 106 1,390 4,466 4,580 5,003 5,394 6,154 5,378 4,804 4,640 Public and publicly guaranteed 106 1,390 4,466 4,580 5,003 5,394 6,154 5,378 4,804 4,640 Official creditors 72 1,109 4,216 4,327 4,747 5,105 5,820 5,011 4,438 4,188 Multilateral 15 280 1,234 1,258 1,306 1,348 1,458 1,331 1,223 1,171 Concessional 0 274 1,228 1,254 1,301 1,343 1,454 1.328 1,222 1,170 Bilateral 57 829 2,982 3,068 3,441 3,758 4,362 3.680 3,215 3,017 Concessional 56 817 2,884 2,965 3.330 3,642 4,225 3,558 3,109 2,920 Private creditors 34 281 250 253 256 289 334 367 366 452 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 51 0 0 0 0 0 0 0 0 Other private 34 231 250 253 256 289 334 367 366 452 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 15 0 0 0 0 0 0 0 0 0 IDA 0 146 716 749 765 766 818 777 742 724 DISBURSEMENTS 22 269 122 59 78 72 59 86 144 190 Public and pu]blicly guaranteed 22 269 122 59 78 72 59 86 144 190 Official creditors 3 199 119 59 74 37 31 17 96 47 Multilateral 0 38 68 38 21 14 12 0 -1 0 Concessional 0 38 68 38 21 14 12 0 -1 0 Bilateral 3 161 51 21 53 23 19 16 97 47 Concessional 2 160 51 21 53 23 19 16 97 47 Private creditors 19 70 3 0 4 35 28 69 47 143 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 15 0 0 0 0 0 0 0 0 Other private 19 55 3 0 4 35 28 69 47 143 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 23 57 31 15 0 7 0 -1 0 PRINCIPAL REPAYMENTS 20 66 44 29 26 22 42 180 140 101 Public and publicly guaranteed 20 66 44 29 26 22 42 180 140 101 Official creditors 8 26 33 27 22 20 24 147 i1l 61 Multilateral 2 0 15 16 19 18 23 25 27 19 Concessional 0 0 14 15 19 17 22 24 26 18 Bilateral 5 25 18 11 2 3 1 122 85 42 Concessional 5 18 18 11 2 3 1 122 85 42 Private creditors 12 41 1 1 2 5 2 1 8 34 28 40 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 13 0 0 0 0 0 0 0 0 Other private 12 28 1 1 2 5 2 18 34 28 40 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 2 0 0 0 0 0 0 0 0 0 IDA 0 0 4 4 5 4 9 10 10 7 NET FLOWS ON DEBT 2 202 78 30 52 50 17 -95 4 89 Public and publicly guaranteed 2 202 78 30 52 50 17 -95 4 89 Official creditors -5 173 86 33 53 17 7 -130 -15 -14 Multilateral -2 38 53 22 2 -3 -10 -24 -27 -19 Concessional 0 38 54 23 2 -3 -10 -24 -26 -18 Bilateral -3 135 33 11 51 21 18 -106 12 5 Concessional -2 142 33 11 51 21 18 -106 12 5 Private creditors 7 29 -8 -2 -1 33 10 36 19 102 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 0 0 0 0 0 0 0 0 Other private 7 27 -8 -2 -1 33 10 36 19 102 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -2 0 0 0 0 0 0 0 0 0 IDA 0 23 53 27 10 -4 -2 -10 -11 -7 398 MYANMAR (USS million, unless otlherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 3 45 13 49 26 89 120 68 18 13 Public and publicly guaranteed 3 45 13 49 26 89 120 68 18 13 Official creditors 2 21 11 49 25 85 119 66 15 10 Multilateral 1 3 10 I II1 8 12 13 12 7 Concessional 0 2 10 I11 11 8 12 12 11 7 Bilateral 1 19 1 38 13 76 107 53 3 3 Concessional 1 17 1 38 13 76 107 50 1 1 Private creditors 1 24 2 0 1 4 1 2 3 3 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 8 0 0 0 0 0 0 0 0 Other private 1 16 2 0 1 4 1 2 3 3 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 0 0 0 0 0 0 0 0 0 IDA 0 1 5 6 6 2 6 6 6 4 NET TRANSFERS ON DEBT -1 157 65 -18 26 -39 -104 -162 -14 76 Public and publicly guaranteed -1 157 65 -18 26 -39 -104 -162 -14 76 Official creditors -7 152 76 -16 28 -67 -112 -196 -30 -24 Multilateral -3 36 43 1 1 -10 -12 -23 -37 -39 -26 Concessional 0 36 44 12 -9 -[1 -22 -36 -38 -25 Bilateral -4 117 33 -27 38 -56 -89 -159 9 2 Concessional -3 125 33 -27 38 -56 -89 -156 1 1 4 Private creditors 6 5 -10 -3 -2 29 8 33 16 99 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -6 0 0 0 0 0 0 0 0 Other private 6 11 -10 -3 -2 29 8 33 16 99 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -3 0 0 0 0 0 0 0 0 0 IDA 0 22 48 22 4 -6 -8 -16 -17 -11 DEBT SERVICE (LTDS) 23 112 57 78 52 ill 162 248 157 114 Public and publicly guaranteed 23 112 57 78 52 ill 162 248 157 114 Official creditors 10 47 44 75 46 105 143 212 126 71 Multilateral 3 3 25 27 31 26 35 37 38 26 Concessional 0 2 24 26 30 25 34 36 37 25 Bilateral 6 44 19 48 16 79 108 175 88 45 ConCeSSioDal 6 35 19 48 16 79 108 172 85 43 Private creditors 13 65 13 3 6 6 20 36 3 1 43 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 21 0 0 0 0 0 0 0 0 Other private 13 44 13 3 6 6 20 36 31 43 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commtercial baniks 0 0 0 0 a0 0 0 0 Memo: IBRD 3 0 0 0 0 0 0 0 0 0 IDA 0 1 9 10 11 6 15 16 16 11 UNDISBURSED DEBT 106 1,282 915 899 879 910 951 859 893 692 Official creditors 74 1.072 890 875 813 836 874 770 674 590 Private creditors 32 211 24 24 66 74 76 89 219 102 Memorandum items Concessional LDOD 56 1,090 4,112 4,218 4,632 4,985 5,679 4,886 4,331 4,090 Variable rate LDOD 0 70 0 0 0 0 0 0 0 0 Public sector LDOD 106 L.390 4,466 4,580 5,003 5,394 6,154 5,378 4,804 4,640 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6. CURRENCY CONMPOSITION OF LONG-TERM DEBT iPER( ENT' Deutsche mark 15.4 11.6 12.4 12.7 11.8 10.6 11.2 12.0 12.0 11.3 French franc 0.0 2.6 3.0 LS5 1.4 1.2 1.2 1.4 1.4 1.3 Japainese yen 0.0 42.8 46.8 48.7 52.2 55.0 55.9 52.3 50.1 48.7 Pound sterling 31.2 4.3 1.7 1.7 123 1.2 1.2 1.3 1.5 1.6 Swiss franc 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 21.7 23.3 24.3 24.1 22.5 21.7 20.3 22.6 24.7 27.1 Multiple currency 14.0 7.7 7.6 7.4 7.3 7.2 7.1 7.0 6.8 6.5 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 17.7 7.5 4.1 4.1 3.6 3.0 3.2 3.5 3.5 3.6 399 MYANMAR (US$ million, unless othterwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DELBT RESTHI.( I'URING,S Total amount rescheduled 0 0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest reschedule(l 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven 0 72 0 0 0 0 0 0 Memo: interest forgiven 0 5 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 S. [DEBI STO( K-I;LO%k RELCONCIIiATIiO Total change in debt stocks 504 180 480 402 799 -785 -586 -110 Net flows on debt ... 91 49 17 46 30 -74 -23 118 Net change in interest arrears ... 90 48 92 14 26 -29 15 24 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 -72 0 0 0 0 0 0 Cross-currency vatuation ... 231 162 379 344 725 -501 -430 -203 Residual ... 92 -7 -8 -2 17 -181 -148 -49 9. WEIRAG;El-ERMNS OF NEF%% CoNIl-NHT ENs I-S ALL CREDITORS Interest (%) 4.1 3.5 2.7 0.0 1.5 2.3 0.5 1.4 1.4 0.6 Mlaturity, (years) 16.2 29.0 13.7 19.2 7.8 6.2 7.5 14.4 11.1 10.4 Grace period (years) 4.5 7.3 3.4 10.2 1.5 1.0 2.1 8.7 3.2 3.8 Grant element (%) 33.6 52.2 39.3 74.4 29.6 22.7 25.6 39.1 40.2 42.7 Official creditors Interest (%) 2.9 1.6 1.5 0.0 0.0 0.0 2.5 2.8 1.8 2.6 Maturity (years) 26.1 37.0 16.7 19.2 0.0 0.0 24.6 33.0 13.6 19.4 Grace period (years) 7.3 9.5 5.2 10.2 0.0 0.0 7.1 24.4 4.1 5.9 Grant element (%) 53.4 71.0 53.3 74.4 0.0 0.0 55.9 62.6 44.7 49.3 Private creditors Interest (%) 5.3 8.0 3.5 0.0 1.5 2.3 0.0 0.8 1.1 0.0 Maturity (years) 6.3 10.4 11.6 0.0 7.8 6.2 3.4 6.4 8.9 8.0 Grace period (years) 1.8 2.2 2.1 0.0 1.5 1.0 0.9 1.8 2.4 3.3 Grant element (%) 13.9 8.5 29.4 0.0 29.6 22.7 18.4 28.8 36.2 40.9 Memorandum items Commitments 48 605 42 9 45 43 37 118 342 39 Official creditors 24 423 17 9 0 0 7 36 162 8 Private creditors 24 182 24 0 45 43 30 82 181 31 it). (oNTrAu( IL AL.l OBLI(,ArONs ON OL TsT .N`DlNG1 L.ONG;-TERMN DFB IU 1998 1 999 2000 2001 2002 200-3 2004 2005 2006 2007 TOTAL Disbursements 80 66 42 2 7 20 1 6 1 2 7 1 1 Principal 229 237 243 236 206 202 201 191 189 173 Interest 5 3 5 0 46 4 2 3 8 3 5 3 1 28 25 22 Official creditors Disbursements 40 39 30 23 18 16 12 7 1 1 Principal 187 191 186 188 174 177 179 177 177 170 Interest s0 47 44 4 1 37 34 31 28 25 22 Bilateral creditors Disbursemnents 39 30 21 14 10 10 7 6 1 1 Principal 152 157 149 149 134 134 134 131 131 124 Interest 40 38 35 31 28 25 23 20 17 14 Multilateral creditors Disbursements 1 9 9 9 8 7 5 1 0 0 Principal 35 34 36 39 41 44 46 46 46 46 Interest 10 10 10 9 9 9 8 8 8 7 Private creditors Disbursements 40 28 12 4 1 0 0 0 0 0 Principal 42 45 57 48 32 25 21 14 12 3 Interest 3 2 2 1 1 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 40 28 12 4 1 0 0 0 0 0 Principal 42 45 57 48 32 25 21 14 1 2 3 Interest 3 2 2 1 1 0 0 0 0 0 400 NEPAL (USS millioni, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. St MM! LRY DElTDE 1' TOTAL DEBT STOCKS (EDT) .. 205 1,640 1,776 1,807 2,010 2,328 2,418 2,411 2,398 Long-term debt (LDOD) 3 156 1,572 1,713 1,758 1,940 2,210 2,347 2,346 2,340 Public and publicly guaranteed 3 156 1, 57_2 1,713 1,758 1,940 2,210 2,347 2,346 2,340 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 42 44 39 44 49 55 48 39 30 Short-term debt ..7 24 25 6 21 63 23 26 28 of which interest arrears on LDOD ..0 4 4 4 3 2 2 2 1 Official creditors ..0 4 4 4 32 2 2I Private creditors ..0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD ..0 6 6 8 7 6 8 10 9 Official creditors ..0 6 6 8 6 3 3 4 4 Private creditors ..0 0 0 1 2 3 5 6 5 Memo: export credits ... 109 108 86 75 82 41 24 75 TOTAL DEBT FLOWS Disbursements 1 69 173 158 140 194 203 163 158 225 Long-term debt 1 50 173 158 132 187 195 163 158 225 IMF purchases 0 18 0 0 8 8 8 0 0 0 Principal repayments 2 3 42 36 38 41 48 52 47 70 Long-term debt 2 2 29 31 37 39 43 44 39 63 IMF repurchases 0 1 13 5 1 2 6 8 8 7 Net flows on debt -2 66 134 123 82 170 198 71 114 158 of which abort-term debt ...21 -19 16 43 -40 3 3 Interest payments (INT) -.5 29 30 29 28 32 32 31 28 Long-term debt 0 2 26 27 28 28 30 29 30 26 IMF charges 0 1 2 1 0 0 0 0 0 0 Short-term debt 2 2 3 1 1 2 2 1 1 Net transfers on debt -. 61 105 93 53 142 165 39 83 130 Total debt service paid (TDS) ..8 71 67 68 69 81 84 78 98 Long-term debt 2 4 55 58 66 66 73 74 69 89 IMP repurchases and charges 0 1 1_4 6 1 2 6 8 8 7 Short-term debt (interest only) ..2 2 3 1 1 22 1 1 2. %(GGR[(.\ fE NET RESOIURC'E FL-% SAND NE NF TRN-N".%FERS LON(G-TIERW% NET RESOURCE FLOWS 7 127 293 271 256 300 329 297 284 323 Net flow of long-term debt (ex. IMF) -2 48 144 127 94 148 152 119 119 162 Foreign direct in vestment (net) 0 0 6 2 4 6 7 8 19 23 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 9 79 143 142 158 146 170 171 146 138 Memo: technical coop. grants 8 50 109 117 127 146 143 143 145 144 official net resource flows 7 127 301 280 263 304 331 294 268 311 private net resource flows 0 0 -8 -9 -7 -4 -2 3 16 12 NET TRANSFERS 7 125 267 244 228 273 299 268 254 297 Interest on tong-term debt 0 2 26 27 28 28 30 29 30 26 Profit remittances onFDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers 7 125 287 263 245 284 307 270 243 289 private net transfers 0 0 -20 -19 -16 -12 -8 -2 I t 8 3. NLEAJEIR E(ON')NIIC .%GGRFGATES Gross national product (GNP) 868 1,958 3,696 3,770 3,540 3,777 4.054 4,398 4,507 4,934 Exports of goods & services (XGS) 71 239 463 529 651 775 1,072 1,206 1,111 1,445 of which workers remittances 0 0 61 65 54 66 70 101 78 114 Imports of goods & services (MGS) 96 368 766 868 933 1,081 1,302) 1,555 1,686 1,924 International reserves (RES) 94 272 354 451 518 700 752 646 628 671 Current account balance .. -39 -289 -304 -181 -223 -352 -356 -327 -418 4I. DE B 1 I NDI% HIORS EDT /XGS (% . 85.4 354.1 335.8 277.6 259.4 217.2 200.5 216.9 166.0 EDT/iGNP% .. 10.4 44.4 47.1 51.0 53.2 57.4 55.0 53.5 48.6 TDS /XGS (% . 3.3 15.3 12.6 10.4 8.9 7.5 7.0 7.0 6.8 INT; XGS (% . 2.1 6.3 5.7 4.5 3.7 3.0 2.6 2.8 1.9 INTl GNP ().. 0.3 0.8 0.8 0.8 0.8 0.8 0.7 0.7 0.6 RES /EDT (% . 132.9 21.6 25.4 28.7 34.8 32.3 26.7 26.0 28.0 RESt MGS (months) 11.8 8.9 5.5 6.2 6.7 7.8 6.9 5.0 4.5 4.2 Short-term / EDT (%) .. 3.4 1.5 1.4 0.3 [.0 2.7 0.9 1.1 1.2 Concessional / EDT (% . 75.7 88.5 90.3 92.1 92.5 91.9 94.2 94.7 95.5 Multilateral / EDT (%) .. 62.0 77.3 78.4 80.2 79.0 77.5 80.8 82.4 83.0 401 NEPAL (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5.LONG-TEPOM DEBT DEBT OUTSTANDING (LDOD) 3 156 1,572 1,713 1,758 1,940 2,210 2,347 2,346 2,340 Public and publicly guaranteed 3 156 1,572 1,713 1,758 1,940 2,210 2,347 2,346 2,340 Official creditors 2 156 1,462 1,614 1,671 1,864 2,141 2,281 2,285 2,292 Multilateral 0 127 1,268 1,392 1.449 1,588 1,805 1.952 1,986 1,989 Concessional 0 126 1,259 1,383 1,442 1.583 1,802 1,950 1,984 1,987 Bilateral 2 29 193 222 222 276 337 329 299 303 Concessional 2 29 193 222 222 276 337 329 299 303 Private creditors 1 0 110 99 87 76 69 65 60 47 Bonids 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 1 0 110 99 87 76 69 65 60 47 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comnmercial banks 0 0 0 0 0 0 0 00 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 76 668 719 765 832 932 1,023 1,049 1,047 DISBURSEMENTS 1 50 173 158 132 187 195 163 158 225 Public and publicly guaranteed 1 50 173 158 132 187 195 163 158 225 Official creditors 1 50 171 157 130 185 195 163 158 216 Multilateral 0 36 150 124 118 136 153 150 146 158 Concessional 0 36 150 124 118 136 153 150 146 158 Bilateral 0 14 21 33 12 49 42 13 12 58 Concessional 0 14 21 33 12 49 42 13 12 58 Private creditors 0 0 2 2 2 2 0 0 0 9 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 2 2 2 2 0 0 0 9 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercialtbanks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 25 70 49 71 69 76 81 62 54 PRINCIPAL REPAYMENTS 2 2 29 31 37 39 43 44 39 63 Public and publicly guaranteed 2 2 29 31 37 39 43 44 39 63 Official creditors 2 2 13 19 25 27 34 40 36 43 Multilateral 0 2 10 13 17 17 23 24 26 28 Concessional 0 2 10 12 15 15 20 24 26 28 Bilateral 2 0 3 6 8 11 11 16 9 1 5 Concessional 1 0 3 6 8 11 11 16 9 15 Private creditors 0 0 16 12 13 11 9 5 4 20 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 16 12 13 1 1 9 5 4 20 Private nonguaraniteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commerciat banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 2 3 3 4 5 7 8 9 NET FLOWS ON DEBT -2 48 144 127 94 148 152 119 119 162 Public and publicly guaranteed -2 48 144 127 94 148 152 119 119 162 Official creditors -2 48 158 138 105 158 161 124 122 173 Multilateral 0 35 140 111 101 119 130 127 119 131 Concessional 0 35 140 112 103 121 133 127 119 131 Bilateral -2 14 18 27 4 38 31 -3 3 42 Concessional 0 14 18 27 4 38 31 -3 3 42 Private creditors 0 0 -14 -11 -11 -10 -9 -5 -4 -11 Bonds 0 0 0 0 0 0 0 0 0 0 Cormnercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 -14 -11 -11 -10 -9 -5 -4 -11 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 25 68 46 68 66 70 74 54 45 402 NEPAL (US$ million, untless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0 2 26 27 28 28 30 29 30 26 Public and publicly guaranteed 0 2 26 27 28 28 30 29 30 26 Official creditors 0 2 14 17 19 20 24 24 25 22 Multilateral 0 1 10 11 14 14 17 17 17 17 Concessional 0 1 10 11 13 13 16 17 17 17 Bilateral 0 1 4 5 5 6 7 7 8 5 Concessional 0 1 4 5 5 6 7 7 8 5 Private creditors 0 0 12 10 10 8 6 5 4 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 1 2 1 0 10 8 6 5 4 4 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 00 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 5 5 6 6 7 7 8 8 NET TRANSFERS ON DEBT -2 46 118 100 66 120 122 89 89 136 Public and publicly guaranteed -2 46 118 100 66 120 122 89 89 136 Official creditors -2 46 144 121 87 138 137 100 97 151 Multilateral 0 33 130 100 88 105 113 110 102 114 Concessional 0 34 130 101 90 108 117 110 102 114 Bilateral -2 13 14 21 -1 33 24 -10 -5 37 Concessional 0 13 14 21 -1 33 24 -10 -5 37 Private creditors 0 0 -26 -21 -20 -18 -15 -10 -8 -15 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 -26 -21 -20 -18 -15 -10 -8 -15 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 00 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 25 63 41 62 60 64 67 46 38 DEBT SERVICE (LTDS) 2 4 55 58 66 66 73 74 69 89 Public and publicly guaranteed 2 4 55 58 66 66 73 74 69 89 Official creditors 2 4 27 35 43 47 58 63 61 65 Multilateral 0 3 20 24 30 31 39 40 43 45 Concessional 0 3 20 23 28 28 36 40 43 45 Bilateral 2 1 7 11 13 t6 19 23 17 21 Concessional 1 1 7 1 1 13 16 19 23 17 21 Private creditors 0 0 27 23 22 19 15 10 8 24 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 27 23 22 19 15 10 8 24 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 7 8 9 1O 12 14 16 17 UNDISBURSED DEBT 26 366 1,318 1,216 1,229 1,035 995 799 878 771 Official creditors 26 366 1,307 1,208 1,222 1,031 990 794 873 769 Private creditors 0 0 10 8 6 4 5 5 5 2 Memorandum items Concessional LDOD 2 155 1,452 1,605 1,664 1,859 2,138 2,278 2,283 2,290 Variable rate LDOD 0 0 0 0 0 0 0 0 0 0 Public sector LDOD 3 156 1,566 1,709 1,756 1,939 2,209 2,346 2,345 2,339 Private sector LDOD 0 0 5 4 2 1 1 1 1 1 6. C URRENCYC0'%(OPOsI%Fl(lN OF LONG,-TERM D)EBT iPE~RCENTi Deutsche mnark 21.4 0.0 0.9 0.7 0.6 0.4 0.3 0.3 0.3 0.2 French franc 0.0 0.3 2.0 1.6 1.3 1.2 1.9 1.9 1.8 1.6 Japanese y'en 0.0 7.9 8.4 9.8 9.6 11.7 12.3 11.2 9.8 10.2 Pound sterling 50.0 0.1 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 7.1 49.5 49.6 47.9 48.7 46.7 44.3 43.8 43.7 42.4 Multiple currency 3.6 31.2 32.6 34.3 34.4 35.1 36.0 35.9 35.9 36.4 Special drawing tights 0.0 0.0 2.7 2.5 2.3 2.4 3.2 5.0 6.4 7.1 All other currencies 17.9 11.0 3.6 3.0 3.0 2.4 2.0 1.8 2.0 2.0 403 NEPAL (US$ million, untless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7.DFBI RLSTRU'LTURJNGS Total aMOUnt rescheduled 0 0 0 0 0 0 0 0 0 0 Debt stuck rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduiled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Initerest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven 0 9 2 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debotstock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 sX. DEBT SYlOt K-FL.,()V REt O%.nC iI ,noN Total change in debt stocks .. 272 136 30 203 318 90 -7 -13 Net flows on debt ... 134 123 82 170 198 71 114 158 Net change ini interest arrears ...1 0 -1 -1 -1 0 0 0 Interest capitalized ..0 0 0 0 0 0 0 0 Debt forgiveness or reduction ..0 -9 -2 0 0 0 0 0 CToss-currency valuation .. 22 12 -6 23 45 0 -36 -48 Residual . . 116 11 -43 11 77 19 -85 -123 9. %% RAGE TENIS~l OF NEW~ COMMITNIFNTS ALL CREDITORS Interest (% 2.8 0.8 0.9 1.0 0.9 1.0 0.8 3.7 3.2 0.8 Maturity (years) 26.9 45.9 39.3 38.3 39.7 39.7 38.7 36.1 38.7 36.8 Grace period (years) 6.2 10.1 10.3 9.7 10.2 10.2 10.1 9.2 10.2 9.7 Grant element (%) 53.1 81.2 78.9 77.8 79.5 78.5 80.0 51.0 58.7 77.3 Ofricial creditors Interest (%) 2.8 0.8 0.9 1.0 0.9 1.0 0.8 3.7 3.2 0.9 Maturity (years) 26.9 45.9 39.3 38.3 39.7 39.7 38.7 36.1 38.7 37.7 Grace period (years) 6.2 10.1 10.3 9.7 10.2 10.2 10.1 9.2 10.2 9.9 Grant element (%) 53.1 81.2 78.9 77.8 79.5 78.5 80.0 51.0 58.7 78.2 Private creditors Interest (%) 0.0 0.0 0.0 0. 0.0 0.0 0.0 0.0 0.0 0.6 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 17.9 Grace period (years) 0.0 0. 0.0 0.0 0.0 0.0 0.0 0.0 0. 4.7 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 57.1 Memorandum items Commitments 17 92 220 68 303 57 112 60 290 191 Official creditors 17 92 220 68 303 57 112 60 290 182 Private creditors 0 0 0 0 0 0 0 0 0 9 WI. CONTRACTUU~ ORLI( A~ HONS ON OLIsTVANDING. LONU_,-TLR!%I DE BT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 210 206 149 107 58 25 14 2 1 0 Principal 57 62 64 61 67 71 74 81 89 94 Interest 28 29 29 29 29 28 28 27 28 31 Official creditors Disbursemnents 209 205 149 106 58 25 14 2 1 0 Prinicipal 44 50 57 60 66 70 73 80 88 92 Interest 25 27 28 29 29 28 28 27 27 31 Bilateral creditoTs Disbursements 28 18 10 5 3 1 0 0 0 0 Principal 19 19 19 20 20 20 20 20 21 20 Interest 5 5 5 5 4 4 4 3 3 3 Multilateral creditors Disbursements 182 187 138 101 56 25 13 2 1 0 Principal 26 31 38 40 46 50 53 60 67 72 Interest 20 22 23 24 24 24 24 24 24 28 Private creditors Disbursements 1 1 0 0 0 0 0 0 0 0 Principal 12 12 8 1 1 1 1 1 1 1 Interest 3 2 1 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 1 1 0 0 0 0 0 0 0 0 Principal 1 2 12 8 1 1 1 1 1 1 1 Interest 3 2 1 00 0 0 0 0 0 404 NICARAGUA (US$ millioni, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 L.SLMMNAR'I DEBT DATIA TOTAL DEBT STOCKS (EDT) .. 2,190 10,708 10,913 11,178 11,409 12,104 10,359 5,932 5,677 Long-term debt (LDOD) 147 1,669 8,281 9,153 9,312 9,441 9,762 8,541 5,125 4,819 Public and publicly guaranteed 147 1,669 8,281 9,153 9,312 9,441 9,762 8,541 5,125 4,819 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 8 49 () 24 23 23 51 39 29 27 Shodt-term debt .. 472 2,427 1,735 1,843 1,945 2,292 1,779 778 832 of which interest arrears on LDOD 12 1,688 1,~301 1,427 1,582 1,996 1,469 475 567 Official creditors ..5 1,062 648 743 902 1,295 1,452 469 555 Private creditors ..8 626 653 684 680 701 18 6 12 Memo: principal arrears on LDOD .. 32 2,452 2,635 3,186 3,527 4,337 3,212 973 891 Official creditors .. 13 1,479 1,586 2,095 2,443 3,237 2,896 702 669 Private creditorS . 19 973 1,050 1,092 1,084 1,100 316 271 222 Memo: export credits ... 64-3 544 550 536 618 470 750 6331 TOTAL DEBT FLOWS Disbursements 54 276 577 332 283 102 368 277 226 177 Long-term debt 44 276 577 309 283 102 339 277 226 177 IMF purchases 10 0 0 23 0 0 29 0 0 0 Principal repayments 29 46 4 328 42 65 103 203 134 182 Long-term debt 16 45 4 328 42 65 100 190 124 182 IMF repurebases 13 1 0 0 0 0 3 13 9 0 Net flows on debt 24 230 593 -140 223 -16 198 88 85 -44 of which short-term debt ... 21 -144 -18 -53 -67 14 -7 -38 Interest payments (TNT) .. 69 11 200 65 69 104 86 85 144 Long-term debt 7 42 5 195 36 55 96 76 72 129 IMFEcharges 0 3 0 0 2 1 1 1 0 0 Short-term debt .. 25 6 5 27 13 7 8 13 15S Net transfers on debt . 161 582 -341 158 -85 94 3 0 -187 Total debt service paid (TDS) -- 115 16 528 106 134 207 288 219 326 Long-term debt 23 86 10 523 78 120 196 266 196 311 IMF repurchases and charges 13 3 00 2 1 4 14 10 0 Short-term debt (interest only) .. 25 6 5 27 13 7 8 13 15S 2. NGGREGATE NE E REM.)ULRCE FLOII, S AND NET TRAkNSFERS tLONG-TE RNI'i NET RESOURCE FLOWS 43 279 813 776 626 284 460 567 821 383 Net flow of long-term debt (ex. IMF) 28 231 572 -19 241 37 239 87 101 -5 Foreign direct investment (net) 15 0 0 0 15 39 40 70 97 173 Portfolio equity flows 0 0 00 0 0 0 0 0 0 Grants (excluding technical coop.) 0 48 241 795 370 207 181 409 622 216 Memo: technical coop. grants 4 19 75 121 149 122 135 144 133 122 official net resource flows 28 305 793 779 613 249 426 578 727 226 private net resource flows 14 -26 21 -3 13 35 34 -11 93 157 NET TRANSFERS 13 217 808 581 578 218 352 480 737 241 Interest on long-term debt 7 42 5 195 36 55 96 76 72 129 Pr-ofit remittances on FDI 23 21 0 0 12 10 12 1 1 1 2 13 Memo: official net transfers 25 268 789 585 578 197 332 505 660 104 private net transfers -12 -51 19 -4 1 21 21 -26 77 138 3. XMAOR LECON flflC. AGGREGATES Gross national product (GNP) 714 2,021 988 1,313 1,349 1,390 1,290 1,545 1,672 1,858 Exports of goods & services (XGS) .. 514 404 348 327 398 533 730 912 1,028 of which workers remittances ..0 0 0 10 25 50 75 95 150 Imports of goods & services (MGS) .. 1,049 911 1,197 1,421 1,250 1,425 1,480 1,609 1,846 International reserves (RES) 49 75 166 170 289 59 146 142 203 382 Current account balance .. -411 -305 -264 -769 -604 -647 -520 -435 -601 .4. DEBT INDICA-TOR-S EDT/,XGS ().. 426.1 2,650.5 3,135.8 3,420.5 2,869.5 2,272.7 1,419.1 650.4 552.3 EDT! GNP ().. 108.4 1,084.2 831.2 828.4 820.8 938.2 670.3 354.8 305.6 TDS /XGS ().. 22.3 3.9 151.8 32.6 33.6 38.9 39.5 24.0 31.7 INT /XGS ().. 13.4 2.8 57.5 19.7 17.4 19.6 11L.7 9.4 14.0 INTl GNP ().. 3.4 1.2 15.2 4.8 5.0 8.1 5.5 5.1 7.7 RESiEDT(% . 3.4 1.5 1.6 2.6 0.5 1.2 1.4 3.4 6.7 RES /MGS (mnonths) .. 0.9 2.2 1.7 2.4 0.6 1.2 1.2 1.5 2.5 Short-term / EDT (91) .. 21.6 22.7 15.9 16.5 17.0 18.9 17.2 13.1 14.6 Concessional / EDT (91) .. 21.4 30.5 32.5 33.0 32.5 32.4 37.2 36.3 44.2 Multilateral / EDT (%/) .. 19.2 8.7 8.6 9.6 9.7 10.9 14.1 26.1 27.7 405 NICARAGUA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 15. L.ON;-I'ERM' DJEBT DEBT OUTSTANDING (LDOD) 147 1,669 8,281 9,153 9,312 9,441 9,762 8,541 5,125 4,819 Public and publicly guaranteed 147 1,669 8,281 9,153 9,312 9,441 9,762 8,541 5,125 4,819 Official creditors 102 863 6,735 7,032 7.218 7,362 7,682 7,531 4,667 4,425 Multilateral 48 421 930 942 1,077 1,112 1,317 1,457 1,551 1,571 Concessional 11 197 351 448 560 573 668 768 856 1,307 Bilateral 53 442 5,805 6,091 6,141 6,250 6,365 6,074 3,116 2,854 Concessional 49 271 2,919 3,104 3,129 3,135 3.256 3,088 1,298 1,202 Private creditors 45 805 1,546 2,121 2,094 2,079 2,080 1,010 458 394 Bonds 0 0 0 524 524 524 524 524 0 0 Commercial banks 38 746 1,~305 1,397 1,394 1,393 1,394 383 409 360 Other private 8 59 241 200 176 162 162 103 48 34 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 27 93 239 124 104 87 76 65 44 24 IDA 3 43 60 113 182 196 2254 276 335 368 DISBURSEMENTS 44 276 577 309 283 102 339 277 226 177 Public and publicly guaranteed 44 276 577 309 283 102 339 277 226 177 Official creditors 32 276 553 309 281 101 338 258 209 172 Multilateral I11 90 7 155 161 70 248 177 139 127 Concessional 4 73 0 118 126 22 124 117 110 116 Bilateral 21 186 546 154 120 31 91 81 70 45 Concessional 19 108 370 66 96 8 70 67 55 40 Private creditors 12 0 24 0 2 1 1 20 17 5 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 12 0 0 0 2 1 1 20 17 5 Other private 0 0 24 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 6 12 0 0 0 0 0 0 0 0 IDA 0 19 0 54 74 15 52 18 69 5 1 PRINCIPAL REPAYMEN'TS 16 45 4 328 42 65 100 190 124 182 Public and publicly guaranteed 16 45 4 328 42 65 100 190 124 182 Official creditors 4 19 1 325 38 59 93 89 104 161 Multilateral 3 14 1 157 31 37 67 47 40 85 Concessional 0 2 0 23 9 9 35 20 13 1 1 Bilateral 1 5 1 168 8 22 26 42 64 76 Concessional 0 2 0 52 0 1 1 2 2 3 15 Private creditors 13 26 3 3 4 6 7 101 21 21 Bonds 0 0 0 0 0 0 0 0 8 0 Commercial banks 11 20 0 0 0 0 0 96 8 9 Other private 2 6 3 3 4 6 7 4 4 12 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 2 4 1 111 16 20 18 15 16 17 IDA 0 0 0 3 1 1 1 1 1 1 NET FLOWS ON'DEBT 28 231 572 -19 241 37 239 87 101 -5 Public and publiclyl guaranteed 28 231 572 -19 241 37 239 87 101 -5 Official creditors 28 257 552 -16 243 42 245 169 105 11 Multilateral 9 76 6 -2 130 32 180 130 99 42 Concessional 4 71 0 95 117 13 89 98 97 105 Bilateral 20 181 545 -14 112 10 65 39 6 -31 Concessionai 18 106 370 14 96 -3 68 65 52 25 Private creditors -1 -26 21 -3 -2 -5 -6 -81 -4 -16 Bonds 0 0 0 0 0 0 0 0 -8 0 Commercial banks 1 -20 0 0 2 1 0 -77 9 -4 Other private -2 -6 21 -3 -4 -6 -7 -4 -4 -12 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 4 8 -1 -111 -16 -20 -18 -15 -16 -17 IDA 0 19 0 51 73 14 5 1 17 68 49 406 NICARAGUA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 7 42 5 195 36 55 96 76 72 129 Public and publicly guaranteed 7 42 5 195 36 55 96 76 72 129 Official creditors 3 38 4 194 35 52 95 73 68 123 Multilateral 2 29 1 184 22 26 55 33 45 55 Concessional 0 7 0 19 6 7 25 11 11 11 Bilateral 1 9 3 10 13 27 40 39 22 68 Concessional 1 3 0 0 4 9 18 15 11 23 Private creditors 4 4 1 1 1 3 1 3 4 6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 0 0 0 0 0 0 3 3 6 Other private 0 4 1 1 1 3 1 1 1 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 2 11 1 137 10 10 8 6 6 3 IDA 0 0 0 3 1 1 2 2 3 3 NET TRANSFERS ON DEBT 21 190 567 -214 205 -18 143 12 30 -134 Public and publicly guaranteed 21 190 567 -214 205 -18 143 12 30 -134 Official creditors 25 220 548 -210 208 -10 151 96 38 -112 Multilateral 7 47 5 -186 109 7 126 97 54 -13 Concessional 4 64 0 75 112 6 64 87 86 94 Bilateral 19 173 543 -24 99 -17 25 -1 -16 -99 Concessional 18 103 370 14 92 -13 50 51 42 3 Private creditors -5 -30 19 -4 -3 -8 -8 -85 -8 -23 Bonds 0 0 0 0 0 0 0 0 -8 0 Commercial banks -2 -20 0 0 2 1 0 -80 5 -9 Other private -2 -10 20 -4 -4 -9 -8 -5 -5 -13 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 -3 -2 -248 -26 -29 -25 -21 -22 -20 IDA 0 19 0 47 72 12 49 16 65 47 DEBT SERVICE (LTDS) 23 86 10 523 78 120 196 266 196 311 Public and publicly guaranteed 23 86 10 523 78 120 196 266 196 311 Official creditors 7 56 5 519 73 ill 188 162 171 284 Multilateral 5 43 2 341 52 63 122 81 85 140 Concessional 0 8 0 42 15 16 60 30 24 22 Bilateral 2 13 3 178 21 48 66 81 86 144 Concessional 1 5 0 52 4 21 20 17 14 38 Private creditors 16 30 4 4 4 9 8 104 25 27 Bonds 0 0 0 0 0 0 0 0 8 0 Commercial banks 14 20 0 0 0 0 0 99 11 14 Other private 3 10 4 4 4 9 8 5 5 13 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 15 1 248 26 29 25 21 22 20 IDA 0 0 0 6 1 3 3 3 4 4 UNDISBURSED DEBT 62 449 56.3 712 718 896 1,078 1,071 640 405 Official creditors 52 418 552 704 712 891 1,054 1,047 628 390 Private creditors 9 30 11 8 6 5 24 24 12 15 Memorandum items Concessional LDOD 59 468 3,269 3,552 3,690 3,708 3,923 3,856 2,154 2,509 Variable rate LDOD 0 796 1,829 1,930 2,017 1,939 2,010 1,125 1,331 1,161 Public sector LDOD 138 1,654 8,281 9,153 9,312 9,441 9,762 8,541 5,115 4,810 Private sector LDOD 9 15 0 0 0 0 0 0 10 9 6. CL RRENCY COMIPOSTIION 01; LONG-TERM DEBT iPERCEN-1- Deutsche mark 4.0 2.9 1.3 1.8 1.9 1.7 1.9 4.8 8.2 7.6 French franc 0.0 0.0 1.3 1.5 1.3 1.2 1.3 2.0 2.9 2.2 Japanese yen 0.0 0.0 0.0 0.4 0.8 0.9 1.2 1.3 2.3 2.2 Pound sterling 1.6 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 U.S.dollars 66.4 72.6 80.1 78.8 79.1 80.4 79.4 72.8 60.1 67.3 Multiple currency 28.1 20.9 10.4 8.7 9.0 8.8 8.6 10.4 17.7 12.7 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 All other currencies 0.0 3.4 6.8 8.7 7.8 6.9 7.5 8.7 8.5 7.9 407 NICARAGUA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBl [ RESIRtl( TL. RUN'sG Total amount rescheduled 0 30 2,065 73 55 6 263 858 451 Debt stock rescheduled 0 0 644 0 2 0 0 668 367 Principal rescheduled 0 ..0 474 53 62 4 249 303 36 Official 0 ..0 431 43 60 3 188 255 36 Private 0 0 43 11 2 1 61 49 0 Interest rescheduled 0 30 470 33 28 3 94 203 3 Official 0 .. 30 449 27 27 3 57 193 3 Private 0 ..0 21 5 1 0 37 10 0 Debt forgiven ..0 227 6 2 7 530 23 182 Memo: interest forgiven ...0 204 2 0 0 762 923 2 Debt stock reduction 0 ..0 159 0 0 9 1,200 3,065 116 of which debt buyback 0 ..0 159 0 0 0 89 0 0 S. DEBT 4T0C K-tLU " REt O N( [[LX LI 0 Total change in debt stocks ... 1.057 205 266 231 695 -1,745 -4.428 -254 Net flows on debt ... 593 -140 223 -16 198 88 85 -44 Net change in interest arrears ... 345 -387 126 155 413 -526 -994 92 Initerest capitalized ... 30 470 33 28 3 94 203 3 Debt forgiveness or reduction ...0 -227 -6 -2 -15 -1,641 -3,088 -297 Cross-currency valuation ... 107 -45 -90 -71 77 79 -92 -122 Residual ... -18 533 -20 138 19 162 -542 114 V* 'ERAG 'L TLr IS OF N LA% CONlNlI I'MlENT.s ALL CREDITORS Interest (% 7.1 4.0 4.6 3.0 4.5 4.5 3.1 2.7 2.0 2.8 Maturity (years) 17.9 25.3 10.1 29.4 23.2 24.9 30.3 30.6 30.2 25.3 Grace period (years) 3.9 6.7 1.7 8.2 6.2 5.9 8.1 7.9 8.1 5.8 Grant element (%) 18.9 44.1 20.9 55.9 39.7 40.9 55.4 58.9 60.4 49.6 Official creditors Interest (%) 5.8 3.9 4.4 3.0 4.5 4.5 3.0 2.3 2.0 3.3 Maturity (years) 27.8 26.4 10.3 29.5 23.2 24.9 31.2 32.2 30.0 22.7 Grace period (years) 6.5 7.0 1.8 8.2 6.2 5.9 8.4 8.4 8.1 5.0 Grant element (%) 32.7 45.5 21.8 56.0 39.7 40.9 57.1 62.5 60.0 45.4 Private creditors Interest (%) 8.6 4.3 9.4 2.9 0.0 0.0 6.0 7.4 0.0 0.3 Maturity (years) 7.0 9.2 4.9 24.2 0.0 0.0 7.6 8.2 39.7 39.7 Grace period (years) 1.0 2.1 0.4 4.2 0.0 0.0 1.9 1.0 10.2 10.2 Grant element (%) 3.7 22.7 0.9 49.1 0.0 0.0 13.3 8.1 74.9 72.8 Memorandum items Commitments 23 434 447 473 293 265 527 361 208 52 Official creditors 12 408 429 470 293 265 508 337 203 44 Private creditors 11 27 18 4 0 0 20 24 5 8 10. CONT ll~rtLOBLIGATIIONS ON OUThINTNDING LONG-T ERM% DERT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 148 121 74 36 15 5 3 2 1 1 Principal 207 201 215 162 246 142 138 160 145 147 Interest 148 139 135 126 116 107 100 95 90 84 Official creditors Disbursements 141 116 72 35 15 5 3 2 1 1 Principal 190 187 201 152 236 135 1321 134 139 141 Interest 142 133 129 121 112 103 97 92 88 82 Bilateral creditors Disbursements 25 24 15 9 6 3 2 2 1 1 Principal 153 151 153 121 203 101 96 93 93 93 Interest 94 87 84 77 69 61 56 51 46 42 Multilateral creditors Disbursements 116 92 58 26 9 2 1 0 0 0 Principal 37 35 48 32 33 34 36 41 46 48 Interest 48 47 45 44 43 42 41 42 42 40 Private creditors Disbursements 6 5 2 1 0 0 0 0 0 0 Principal 17 14 14 10 9 7 7 26 6 6 Interest 7 6 5 5 4 4 4 3 2 2 Commercial banks Disbursements 2 1 0 0 0 0 0 0 0 0 Principal 13 13 13 9 9 7 6 26 5 5 Interest 6 6 5 5 4 4 4 3 22 Other private Disbursements 5 5 2 1 0 0 0 0 0 0 Principal 3 1 1 1 1 1 1 1 1 1 Interest 1 0 0 0 0 0 0 0 0 0 408 NIGER (US$ million, unless othierwise indicated) 1970 1980 1990 7991 1992 1993 1994 1995 1996 1997 I. SL'NBLUVRY DEB T DATA TOTAL DEBT STOCKS (EDT) 863 1,726 1,494 1,517 1,542 1,525 1,586 1,536 1,579 Long-term debt (LDOD) 32 687 1,487 1,363 1,371 1,391 1,425 1,463 1,439 1,427 Public and publicly guaranteed 32 383 1,226 1,138 1,166 1,210 1,268 1,330 1,330 1,331 Private nonguaranteed 0 305 261 225 205 181 157 133 110 96 Use of IMF credit 0 16 85 73 61 52 61 52 53 61 Short-term debt -- 159 153 58 84 99 39 71 44 92 of which interest arrears on LDOD ..0 3 1 22 46 71 24 52 24 35 Official creditors ..0 16 22 46 70 24 52 24 35 Private creditors ..0 16 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 1 80 41 87 103 40 75 58 62 Official creditors 1 39 41 87 102 40 75 58 62 Private creditors ..0 41 0 1 1 0 0 0 0 Memo: export credits ... 398 364 302 315 131 263 233 218 TOTAL DEBT FLOWS Disbursements 12 290 148 31 83 1oo 89 28 55 III Long-term debt 12 281 139 31 83 100 73 28 41 85 IMF purchases 0 10 9 0 0 0 16 0 14 27 Principal repayments 2 58 63 74 36 66 48 41 45 45 Long-term debt 2 58 47 63 27 56 38 31 33 30 IMF repurchases 0 0 16 11 10 10 10 10 12 15 Net flows on debt 11 233 123 -129 48 25 27 -9 13 102 of wbich short-term debt ..38 -86 2 -9 -14 4 2 36 Interest payments (INTl - 84 36 33 17 24 18 15 12 15 Long-term debt 1 65 23 21 13 22 15 13 10 13 IMF charges 0 0 4 3 2 1 1 1 1 1 Short-term debt .. 9 9 10 2 2 2 1 1 2 Net transfers on debt -- 149 87 -162 31 1 9 -24 1 87 Total debt service paid (TDS) -- 141 99 107 53 90 66 56 56 61 Long-term debt 2 122 71 84 40 78 53 44 43 43 IMF repurchases and charges 0 0 19 14 11 tO 11 11 13 16 Short-term debt (interest only) .. 19 9 10 2 2 2 1 t 2 2. Ac7dREGATE NET RES(LUR( E FLOW%S AM) NET 1fRANSFERN lA)-NG-TE R%Ii NET RESOURCE FLOWS 26 324 316 231 319 208 279 167 167 247 Net flow of long-term debt (ex. IMF) 1 1 223 92 -32 56 44 35 -3 8 54 Foreign direct investment (net) 1 49 -1 15 56 -34 -It 0 0 2 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 15 51 226 247 207 198 255 170 159 191 Memo: technical coop. grants I11 62 102 113 135 127 103 ill 90 79 official net resource flows 26 125 308 270 283 267 314 191 191 259 private net resource floxvs 0 199 9 -40 36 -58 -35 -24 -24 -12 NET TRANSFERS 23 248 293 210 306 187 264 154 157 234 Interest on tong-term debt 1 65 23 21 1 3 22 15 13 10 1 3 Profit remittances on FDI 2 11 0 0 0 0 0 0 0 0 Memo: official net transfers 25 118 301 259 278 252 305 184 185 249 private net transfers -2 130 -8 -50 28 -66 -41 -29 -29 -15 3. MI QOR IE(IOMONII .AGG RF GATEs Gross national product (GNP) 645 2,475 2,423 2.288 2,314 1,582 1.532 1,830 1,959 1,831 Exports of goods & ser-vices (XGS) .. 650 566 434 443 370 279 333 347 310 of which workers remittances ..6 13 13 1 8 14 6 6 6 5 Imports of goods & services (MGS) .. 1,016 803 655 652 528 466 510 499 470 International reserves (RES) .. 132 227 207 229 196 115 99 83 57 Current account balance -2~76 -236 -176 -159 -97 -126 -152 4. DE BT1 INIDILATORs EDT / XGS (% . 132.8 304.7 344.2 342.7 416.7 547.7 475.8 442.7 509.4 EDT,/ GNP (%) .. 34.9 71.2 65.3 65.5 97.5 99.5 86.7 78.4 86.3 TDS /XGS (%') 2 1.7 17.4 24.7 12.0 24.2 23.8 16.7 16.3 19.5 INT /XGS (%) .. 12.9 6.3 7.6 3.8 6.5 6.4 4.4 3.4 5.0 INT /GNP (%j . 3.4 1.5 1.4 0.7 1.5 1.2 0.8 0.6 0.8 RES / EDT (%) .. 15.3 13.1 13.8 15.1 12.7 7.5 6.2 5.4 3.6 RES / MGS (months) .. 1.6 3.4 3.8 4.2 4.5 3.0 2.3 2.0 1.4 Short-term / EDT (%) .. 18.5 8.9 3.9 5.6 6.4 2.5 4.5 2.9 5.8 Concessional I/ EDT (% . 17.9 47.9 55.8 58.1 60.5 64.2 64.2 67.2 66.9 Multilateral!/ EDTI(%) .. 16.5 40.6 49.1 47.7 48.9 54.7 55.1 56.9 55.8 409 NIGER (US$ miillion, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5;. LONGE-TERM DEBT DEBT OUTSTANDING (LDOD) 32 687 1,487 1,363 1,371 1,391 1,425 1,463 1,439 1,427 Public and publicly guaranteed 32 383 1,226 1,138 1,166 1,210 1,268 1,330 1,330 1,331 Official creditors 31 255 1,115 1,137 1,165 1.209 1,268 1,330 1,330 1,331 Multilateral 4 143 701 734 724 754 834 874 875 881 Concessional 4 112 652 679 673 702 790 829 832 843 Bilateral 27 112 414 403 441 455 435 456 455 450 Concessional 25 42 175 155 207 230 189 189 200 214 Private creditors 1 128 111 1 1 I 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 68 109 0 0 0 0 0 0 0 Other private 0 60 2 1 1 1 0 0 0 0 Private nonguaranteed 0 305 261 225 205 181 157 133 110 96 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 305 261 225 205 181 157 133 110 96 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 4 66 461 479 483 504 565 598 609 625 DISBURSEMENTS 12 281 139 31 83 100 73 28 41 85 Public and publicly guaranteed 12 167 96 31 83 100 73 28 41 85 Official creditors 12 91 90 31 83 100 73 28 41 85 Multilateral 2 60 70 24 24 62 66 28 35 74 Concessional 2 47 69 23 23 39 64 28 35 74 Bilateral 10 31 21 7 58 39 7 0 6 1 1 Concessional 10 I11 21 7 58 28 4 0 5 1 1 Private creditors 0 76 5 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 56 5 0 0 0 0 0 0 0 Other private 0 20 0 0 0 0 0 0 0 0 Private nonguaranteed 0 113 43 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 113 43 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 2 18 55 1 7 21 21 44 24 34 50 PRINCIPAL REPAYMENTS 2 58 47 63 27 56 38 31 33 30 Public and publicly guaranteed 2 23 10 27 7 32 15 7 9 16 Official creditors 1 17 9 8 7 32 15 7 9 16 Multilateral 0 15 7 6 6 30 14 7 8 14 Concessional 0 14 3 4 4 1 1 6 6 7 13 Bilateral 1 3 2 2 1 2 1 0 1 2 Concessional 1 2 2 2 0 1 0 0 0 1 Private creditors 1 5 2 19 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 1 0 19 0 0 0 0 0 0 Other private 1 4 2 0 0 0 0 0 0 0 Private nonguaranteed 0 35 37 36 20 24 24 24 24 14 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 35 37 36 20 24 24 24 24 14 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 2 2 2 3 3 5 5 NET FLOWS ON DEBT 11 223 92 -32 56 44 35 -3 8 54 Public and publicly guaranteed 11 144 86 5 76 68 59 21 32 68 Official creditors 11 74 82 23 76 68 59 21 32 68 Multilateral 2 46 63 18 18 32 52 21 27 60 Concessional 2 33 66 20 19 28 58 22 28 61 Bilateral 9 28 19 5 58 37 6 0 5 8 Concessional 9 10 19 6 58 27 4 0 5 10 Private creditors -1 71 4 -19 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 55 5 -19 0 0 0 0 0 0 Other private -1 16 -2 0 0 0 0 0 0 0 Private nonguaranteed 0 79 6 -36 -20 -24 -24 -24 -24 -14 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 79 6 -36 -20 -24 -24 -24 -24 -14 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 2 18 54 16 19 19 42 21 29 45 410 NIGER (US$ million, uniless otlherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 1 65 23 21 13 22 15 13 10 13 Public and publicly guaranteed 1 16 7 11 5 14 9 7 6 10 Official creditors 1 7 7 1 1 5 14 9 7 6 10 Multilateral 0 3 6 5 5 14 7 7 5 8 Concessional 0 2 4 4 4 7 5 6 5 7 Bilateral 1 5 1 6 0 1 2, 0 1 2 Concessional 1 1 1 1 0 0 0 0 0 1 Private creditors 0 9 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 6 0 0 0 0 0 0 0 0 Other private 0 3 0 0 0 0 0 0 0 0 Private nonguaranteed 0 49 16 10 8 7 6 6 5 3 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 49 16 10 8 7 6 6 5 3 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 3 4 4 3 5 5 4 4 NET TRANSFERS ON DEBT 10 158 68 -53 43 23 20 -15 -2 42 Public and publicly guaranteed 10 128 78 -7 71 54 50 14 27 59 Official creditors I11 66 75 12 71 54 50 14 27 59 Multilateral 2 43 57 13 13 18 46 14 23 52 Concessional 2 32 62 16 15 21 53 16 24 54 Bilateral 8 23 18 -1 57 36 4 0 4 6 Concessional 8 9 18 5 58 27 3 0 5 9 Private creditors -1 62 4 -19 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 49 5 -19 0 0 0 0 0 0 Other private -1 14 -2 0 0 0 0 0 0 0 Private nonguaranteed 0 30 -10 -46 -28 -31 -30 -29 -29 -17 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 30 -10 -46 -28 -31 -30 -29 -29 -17 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 2 18 51 12 15 16 37 16 24 41 DEBT SERVICE (LTDS) 2 122 71 84 40 78 53 44 43 43 Public and publicly guaranteed 2 39 17 38 12 47 23 14 15 26 Official creditors 2 25 16 19 12 47 23 14 15 26 Multilateral 0 17 12 11 11 44 21 14 12 22 Concessional 0 16 7 8 8 18 11 12 11 20 Bilateral 2 8 3 8 1 3 3 1 2 5 Concessional 1 3 3 2 1 2 1 0 1 2 Private creditors 1 14 2 19 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 7 0 19 0 0 0 0 0 0 Other private 1 7 2 0 0 0 0 0 0 0 Private nonguaranteed 0 83 53 46 28 31 30 29 29 17 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 83 53 46 28 31 30 29 29 17 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 4 5 6 5 7 8 9 9 UNDISBURSED DEBT 41 415 368 363 360 349 354 310 333 299 Official creditors 24 279 368 363 360 349 354 310 333 299 Private creditors 17 136 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 29 155 827 834 881 933 979 1,018 1,032 1,057 Variable rate LDOD 0 387 377 231 210 186 169 145 124 113 Public sector LDOD 24 372 1,223 1,136 1,165 1,209 1,268 1,330 1,330 1,331 Private sector LDOD 7 316 264 227 206 182 157 133 110 96 i. (1URRENLA CONIP(hjflION OF LON G- DERMI DEBT iPERC EN ri Deutsche mark 12.0 0.0 0.0 0.6 0.6 0.5 0.5 0.5 0.0 0.0 Frencb franc 67.6 53.8 44.8 44.7 41.7 39.5 36.0 36.1 32.9 30.9 Japanese yen 0.0 0.0 1.3 3.8 4.3 4.4 4.8 4.4 2.0 1.8 Pound sterling 0.0 0.0 0.8 1.0 0.8 0.7 1.1 1.0 1.2 1.4 Swiss franc 0.0 0.0 0.0 0.8 0.7 0.3 0.3 0.3 0.0 0.0 U.S.dollars 6.9 30.2 27.1 27.8 32.3 33.0 36.0 36.8 38.0 40.2 Multiple currency 0.0 2.1 0.5 0.5 0.4 0.1 0.0 0.0 0.0 0.0 Special drawing rights 0.0 0.0 2.6 2.8 2.6 3.1 3.5 3.5 3.5 3.2 All other currencies 13.6 13.9 22.9 18.0 16.5 18.4 17.8 17.3 22.4 22.4 411 NIGER (US$ million, unless otherwise indicated) 1970 1980 1990 -1991 1992 1993 1994 1995 1996 1997 7'. DEB II RE iTRUL't 1IRIN;S Total amount rescheduled 0 0 29 27 0 15 120 5 63 27 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 12 16 0 7 57 1 21 6 Official 0 0 12 16 0 7 56 1 21 6 Private 0 0 0 0 0 0 1 0 0 0 Interest rescheduled 0 0 16 7 0 5 32 1 29 9 Official 0 0 16 7 0 5 32 1 29 9 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven ...0 26 0 14 107 4 26 4 Memo: interest forgiven ...0 16 0 1 30 0 15 5 Debt stock reduction 0 0 0 104 0 0 0 0 0 0 of which debthbuyback 0 0 0 19 0 0 0 0 0 0 Total change in debt stocks ... 229 -231 23 25 -17 61 -50 43 Net flows on debt ... 123 -129 48 25 27 -9 13 102 Net change in interest arrears ...8 -10 25 24 -47 28 -29 11 Interest capitalized ... 16 7 0 5 32 1 29 9 Debt forgiveness or reduction ...0 -111 0 -14 -107 -4 -26 -4 Cross-currency valuation ... 114 -5 -51 -39 65 57 -42 -79 Residual ... -32 16 1 24 12 -13 6 5 9. s ER.A(,E TERNIS~ OF NE%% (OWNMIl NIEN'IS ALL CREDITORS Interest (% 1.2 7.4 1.9 1.3 2.9 2.2 1.0 0.7 1.0 1.1 Maturity (yeas) 39.7 18.3 32.7 31.6 26.6 28.3 35.2 38.1 37.5 35.3 Grace period (years) 8.2 4.7 8.5 8.2 8.1 7.6 9.0 9.6 9.2 8.1 Grant element (%) 72.5 18.7 65.5 69.5 54.1 59.2 73.7 78.1 76.1 72.9 Official creditors Interest (%) 0.6 5.4 1.9 1.3 2.9 2.2 1.0 0.7 1.0 1.1 MatUrity (years) 44.7 26.2 32.7 31.6 26.6 28.3 35.2 38.1 37.5 35.3 Grace period (years) 9.1 6.8 8.5 8.2 8.1 7.6 9.0 9.6 9.2 8.1 Grant element (%) 80.9 35.3 65.5 69.5 54.1 59.2 73.7 78.1 76.1 72.9 Private creditors Interest (% 4.5 9.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 13.6 8.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 3.6 2.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 29.1 -1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 19 341 56 38 106 97 89 7 76 66 Official creditors 16 185 56 38 106 97 89 7 76 66 Private creditors 3 156 0 0 0 0 0 0 0 0 Ill. CONTR A(TLXLki OBHLlU.%-TlONSj ON 0L ['SJ kNDI)N. L..ON(;-Tt.RNI DEBRI 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 67 69 47 30 20 11 6 1 0 0 Principal 75 80 93 82 67 64 59 47 42 44 Interest 20 26 31 28 26 23 21 19 18 17 Official creditors Disbursements 67 69 47 30 20 1 1 6 1 0 0 Principal 52 57 70 67 61 58 59 47 42 44 Interest 18 24 30 28 25 23 21 19 18 17 Bilateral creditors Disbursements 15 17 12 8 6 4 2 1 0 0 Principal 27 32 46 46 40 37 36 24 16 16 Interest 11 17 22 20 18 16 14 12 11 10 Multilateral creditors Disbursements 52 52 35 22 14 8 4 0 0 0 Principal 25 25 25 21 21 21 23 24 26 28 Interest 8 8 8 8 8 8 7 7 7 7 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 24 23 23 15 6 6 0 0 0 0 Interest 2 1 1 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 24 23 23 15 6 6 0 0 0 0 Interest 2 1 1 0 0 0 0 0 0 0 412 NIGERIA (US$ millioni, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SIL N1% I-AR Y D E BTI OXTA TOTAL DEBT STOCKS (EDT) .. 8,921 33,440 33,527 29,019 30,699 33,092 34,093 31,407 28,455 Long-term debt (LDOD) 567 5,368 31,936 32,668 26,809 26,742 28,266 28,441 25,731 22,926 Public and publicly guaranteed 452 4,271 31,546 32,325 26,478 26,421 27,955 28,140 25,431 22,631 Private nonguaranteed 115 1,097 391 343 331 321 311 301 300 295 Ulse ofIMF credit 0 0 0 0 0 0 0 0 0 0 Short-term debt .. 3,553 1,504 859 2,210 3,957 4,827 5,651 5,676 5,529 of which interest arrears on LDOGOD 0 1,040 482 1,197 2,438 3,820 4,717 4,967 4,957 Official creditors ..0 465 180 1,021 2,065 3,361 4,211 4,468 4,483 Private creditors ..0 575 302 176 374 459 506 499 474 Memno: principal arrears on LDOGOD 0 L0A91 531 1.841 3.866 5,814 8.102 9,298 10,154 Official creditors ..0 194 133 1,332 2,722 4,409 6,545 7,736 8,651 Private creditors 0 897 398 509 1,145 1,405 1,557 1,562 1,503 Memo: export credits ... 20,116 20,935 17,712 16,457 12,765 12,996 13,993 15.208 TOTAL DEBT FLOWS Disbursements 81 1,753 927 787 535 544 599 433 308 314 Long-term debt 81 1,753 927 787 535 544 599 433 308 314 IMF purchases 0 0 0 0 0 0 0 0 0 0 Principal repayments 68 242 1,180 862 1,878 579 746 918 1,418 840 Long-term debt 68 242 1,180 862 1,878 579 746 918 1,418 840 IMFErepurchases 0 0 0 0 0 0 0 0 0 0 Net flows on debt 13 1,510 -34 -162 -708 472 -660 -559 -1,334 -663 of which short-term debt ... 219 -86 635 507 -512 -73 -224 -137 Interest payments (TNT) .. 909 2,156 2,082 1,871 912 1,125 915 1,091 576 Long-term debt 28 529 2,124 2,054 1,831 862 1,075 859 1,043 544 IMF charges 0 0 0 0 0 0 0 0 0 0 Short-term debt .. 379 32 28 40 50 50 56 48 33 Net transfers on debt .. 602 -2,190 -2,244 -2,579 -440 -1,785 -1,474 -2,425 -1,239 Total debt service paid (TDS) .. 1,151 3,336 2,945 3,749 1,491 1,872 1,833 2,509 1,416 Long-term debt 96 772 3,304 2,917 3,709 1,441 1,822 1,777 2,461 1.383 IMP repurcbases and charges 0 0 0 0 0 0 0 0 0 0 Short-term debt (interest only) .. 379 32 28 40 50 50 56 48 33 2. AGGREGATE NET RESOURCWE FLOVS AND NE T fT-RAN%FERS iLONC.-TERMi NET RESOURCE FLOWS 259 773 460 768 -330 1,363 1,871 632 512 1,032 Net flow of long-term debt (ex. IMF) 13 1,510 -253 -76 -1,343 -35 -148 -486 -1,110 -525 Foreign direct investment (net) 205 -740 588 712 897 1,345 1,959 1,079 1,593 1,539 Portfolio equity flows 0 0 0 0 0 0 17 6 5 4 Grants (excluding technical coop.) 40 3 125 131 116 53 43 33 24 14 Memo: technical coop. grants 36 47 95 96 99 98 78 79 85 97 official net resource flows 70 79 -7 175 314 107 211 -5 -396 -253 private net resource flows 189 694 467 593 -645 1,256 1,660 637 908 1,285 NET TRANSFERS -207 -1,354 -1,799 -1,473 -2,277 351 631 -372 -691 308 Interest on long-term debt 28 529 2,124 2,054 1,831 862 1,075 859 1.043 S44 Profit remittances on FDI 438 1,598 135 186 116 150 165 145 160 180 Memo: official net transfers 54 16 -1,308 -1,075 -513 -463 -125 -328 -911 -619 private net transfers -261 -1,371 -491 -398 -1,764 814 756 -44 220 927 3. MA.JOR EIXONONILC AG( REGvrAILs Gross national product (GNP) 12,081 61,079 25.585 24,857 29,760 19.006 21,310 25,888 33,068 37,620 Exports of goods & services (XGS) .. 27,772 14,771 13,417 13,056 11,923 10,429 13,247 17.912 18,172 of which workers remittances .. 13 10 66 56 793 550 804 947 1,920 Imports of goods & services (MGS) .. 22,005 9,858 12,893 11,485 12,723 12,504 15,820 14,403 17,617 International reserves (RES) 224 10,640 4,129 4,678 1,196 1,640 1,649 1.709 4,329 Current account balance .. 5,178 4,988 1,203 2,268 -780 -2,128 -2,578 3,507 552 4. D3EV INDIC ATO_Rs EDT /XGS (% . 32.1 226.4 249.9 222.3 257.5 317.3 257.4 175.3 156.6 EDT /GNP (% . 14.6 130.7 134.9 97.5 161.5 155.3 131.7 95.0 75.6 10DS XGS (% . 4.1 22.6 21.9 28.7 12.5 17.9 13.8 14.0 7.8 INT /XGS (% . 3.3 14.6 15.5 14.3 7.6 10.8 6.9 6.1 3.2 INT /GNP (% . 1.5 8.4 8.4 6.3 4.8 5.3 3.5 3.3 1.5 RES /EDT (% . 119.3 12.3 14.0 4.1 5.3 5.0 5.0 13.8 RES /MGS (months) .. 5.8 5.0 4.4 1.2 1.5 1.6 1.3 3.6 Short-term / EDT (It) .. 39.8 4.5 2.6 7.6 12.9 14.6 16.6 18.1 19.4 Concessional / EDT (% . 4.9 1.6 2.9 3.3 3.6 3.9 4.0 4.3 4.6 Multilateral / EDT (%) .. 6.4 11.2 12.0 14.1 14.1 14.5 14.5 14.3 14.1 413 NIGERIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LO.(;-1T RNI DEBTI DEBT OUTSTANDING (LDOD) 567 5,368 31,936 32,668 26,809 26,742 28,266 28,441 25,731 22,926 Public and publicly guaranteed 452 4,271 31,546 32,325 26,478 26,421 27,955 28,140 25,431 22,631 Official creditors 358 992 17,008 19,152 18,327 18,246 19,811 20,492 18,644 17,011 Multilateral 182 571 3,733 4,011 4,088 4,339 4,807 4,944 4,493 4,013 Concessional 17 38 36 72 104 155 239 339 425 496 Bilateral 175 422 13,275 15,142 14,240 13,907 15,004 15,548 14,151 12,998 Concessional ill 401 485 889 868 938 1,051 1,038 929 826 Private creditors 94 3,279 14,537 13,173 8,151 8,174 8,144 7,648 6,786 5,620 Bonds 10 0 0 0 2,051 2,051 205S1 2,051 2,051 2,051 Commercial banks 18 2,634 5,714 5,590 0 0 0 0 0 0 Other private 66 645 8,823 7,583 6,100 6,123 6,093 5,597 4,735 3,569 Private nonguaranteed 115 1,097 391 343 331 321 311 301 300 295 Bonds 0 0 0 0 0 0 0 0 0 0 CommerCial banks 115 1,097 391 343 331 321 311 301 300 295 Memo: IBRD 165 517 3,284 3,297 3,174 3,188 3,286 3,221 2,762 2,373 IDA 1 7 38 36 59 80 116 181 268 348 410 DISBURSEMENTS 81 1,753 927 787 535 544 599 433 308 314 Public and publicly guaranteed 56 1,187 927 787 531 544 599 433 308 314 Official creditors 45 122 642 594 531 544 599 433 308 314 Multilateral 14 73 542 501 531 529 599 433 308 314 Concessional 1 0 7 35 36 53 77 99 94 97 Bilateral 31 49 100 92 0 15 0 0 0 0 Concessional 29 49 100 9 0 15 0 0 0 0 Private creditors 11 1,065 285 193 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 492 0 0 0 0 0 0 0 0 Other private 8 573 285 193 0 0 0 0 0 0 Private nonguaranteed 25 565 0 0 4 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 25 565 0 0 4 0 0 0 0 0 Memo: IBRD 13 63 384 232 272 264 258 189 139 178 IDA 1 0 7 23 24 38 60 86 90 83 PRINCIPAL REPAYMENTS 68 242 1,180 862 1,878 579 746 918 1,418 840 Public and publicly guaranteed 38 65 1,165 815 1,866 569 736 908 1,408 830 Official creditors 16 45 774 550 333 490 431 470 728 582 Multilateral 5 25 247 291 316 329 431 470 447 467 Concessional 0 0 1 1 1 1 1 2 1 1 Bilateral 11 20 528 259 17 161 0 0 281 115 Concessional 4 14 6 1 0 161 0 0 0 70 Private creditors 22 20 391 265 1,534 79 306 438 680 248 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 1 388 54 1,335 0 0 0 00 Other private 22 19 3 212 199 79 306 438 680 248 Private nonguaranteed 30 177 15 47 12 10 10 10 10 10 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 30 177 15 47 12 10 10 10 10 10 Memo: IBRD 5 24 241 275 294 309 384 392 369 338 IDA 0 0 1 1 1 1 1 1 1 1 NET FLOWS ON DEBT 13 1,510 -253 -76 -1,343 -35 -148 -486 -1,110 -525 Public and publicly guaranteed 18 1,122 -238 -28 -1,335 -25 -138 -476 -1,100 -515 Official creditors 29 77 -132 44 198 54 168 -37 -420 -267 Multilateral 10 48 296 210 215 200 168 -37 -139 -152 Concessional 1 0 6 34 35 51 76 97 93 96 Bilateral 20 29 -428 -166 -17 -146 0 0 -281 -115 Concessional 25 35 95 8 0 -146 0 0 0 -70 Private creditors -11 1,046 -106 -72 -1,534 -79 -306 -438 -680 -248 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 491 -388 -54 -1.335 0 0 0 0 0 Other private -14 555 282 -18 -199 -79 -306 -438 -680 -248 Private nonguaranteed -5 388 -15 -47 -8 -10 -10 -10 -10 -10 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks -5 388 -15 -47 -8 -10 -10 -10 -10 -10 Memo: IBRD 8 38 144 -43 -21 -45 -126 -202 -231 -161 IDA 1 0 6 22 23 37 59 85 89 82 414 NIGERIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 28 529 2,124 2,054 1,831 862 1,075 859 1,043 544 Public and publicly guaranteed 20 438 2,120 2,041 1,828 860 1,073 840 1,025 532 Official creditors 16 63 1,300 1,250 827 570 337 323 515 365 Multilateral 9 46 262 355 322 315 337 323 322 280 Concessional 0 0 0 2 1 1 2 2 3 3 Bilateral 7 17 1,038 895 505 256 0 0 193 85 Concessional 3 8 312 33 360 256 0 0 0 65 Private creditors 4 375 820 792 1,001 290 737 516 510 166 Bonds 0 0 0 0 0 113 127 128 128 128 Commercial banks 1 352 378 421 563 0 0 0 0 0 Other private 3 24 442 371 438 177 610 388 382 38 Private nonguaranteed 8 91 3 13 3 2 2 19 18 12 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 8 91 3 13 3 2 2 19 18 12 Memo: IBRD 9 45 243 312 266 265 265 266 228 181 IDA 0 0 0 0 0 1 1 2 2 3 NET TRANSFERS ON DEBT -15 981 -2,376 -2,130 -3,174 -897 -1,223 -1,344 -2,153 -1,069 Public and publicly guaranteed -2 684 -2,358 -2,069 -3,164 -885 -1,211 -1,315 -2,125 -1,047 Official creditors 14 14 -1,432 -1,206 -629 -516 -169 -361 -935 -633 Multilateral 1 2 33 -144 -108 -115 -169 -361 -461 -433 Concessional 1 -1 6 33 34 51 74 95 91 92 Bilateral 13 12 -1,466 -1,062 -521 -401 0 0 -474 -200 Concessional 22 27 -217 -25 -360 -401 0 0 0 -135 Private creditors -15 670 -926 -864 -2,535 -369 -1,043 -955 -1.190 -414 Bonds 0 0 0 0 0 -113 -127 -128 -128 -128 Commercial hanks 2 140 -766 -475 -1,897 0 0 0 0 0 Other private -17 531 -160 -389 -637 -256 -916 -827 -1,063 -286 Private nonguaranteed -13 297 -18 -60 -11 -12 -12 -29 -28 -22 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks -13 297 -18 -60 -11 -12 -12 -29 -28 -22 Memo: IBRD -1 -6 -100 -354 -287 -310 -390 -468 -459 -341 IDA 1 -1 6 21 23 36 58 83 87 79 DEBT SERVICE (LTDS) 96 772 3,304 2,917 3,709 1,441 1,822 1,777 2,461 1,383 Public and publicly guaranteed 58 503 3,285 2,856 3,695 1,429 1,810 1,748 2,433 1,361 Official creditors 32 108 2,075 1,799 1,160 1,060 767 793 1,243 947 Multilateral 14 71 509 645 638 644 767 793 769 747 Concessional 0 1 1 3 2 2 3 4 4 4 Bilateral 18 37 1,566 1J154 521 416 0 0 474 200 Concessional 7 22 317 34 360 416 0 0 0 135 Private creditors 26 395 1,211 1.057 2,535 369 1.043 955 1.190 414 Bonds 0 0 0 0 0 113 127 128 128 128 Commercial banks 1 352 766 475 1,897 0 0 0 0 0 Other private 25 43 445 582 637 256 916 827 1,063 286 Private nonguaranteed 38 269 18 60 15 12 12 29 28 22 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 38 269 18 60 15 12 12 29 28 22 Memo: IBRD 14 69 484 587 559 574 649 657 598 519 IDA 0 1 1 2 2 2 2 3 3 4 UNDISBURSED DEBT 185 3,714 5,246 5,597 5,639 5,204 4,864 4,255 3,073 1,327 Official creditors 167 1,112 3,968 4.474 4.709 4,157 3,786 3,183 2,426 1,327 Private creditors 18 2,602 1,278 1,124 930 1,~047 1,078 1,072 648 0 Memorandum items Concessionat LDOD 128 438 521 961 972 1,094 1,290 1,377 1.354 1,322 Variable rate LDOD 127 4.001 11,044 10,681 5,108 5,198 5,452 5,539 5,218 4,864 Public sector LDOD 450 4,271 31,546 32' 325 26,473 26,390 27,914 28,077 25,359 22,565 Private sector LDOD 117 1,097 391 344 337 352 352 365 372 362 6. (CLRRE%N(A COMPOSlITION 01- LON(;-rERNI DEBl 1PERCE-NTi Deutsche mark 9.0 23.5 14.8 14.6 13.6 12.8 13.3 14.2 11.1 10.9 French franc 0.0 0.9 9.0 10.4 10.9 10.2 10.4 10.9 10.7 10.2 Japanese yen 0.8 2.0 8.2 9.4 11.3 12.6 13.3 12.6 12.0 11.9 Pound sterling 30.4 2.7 11.8 12.3 10.4 10.2 10.0 9.9 11.9 13.0 Swiss franc 0.3 0.4 0.7 0.7 0.5 0.5 0.5 0.6 0.5 0.5 U.S.dollars 9.9 55.0 38.8 35.5 32.7 32.6 30.5 29.6 31.5 31.9 Multiple currency 38.5 12.1 10.4 10.2 12.0 12.1 11.8 11.5 10.9 10.5 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 All other currencies 11.2 3.4 6.3 7.0 8.6 9.0 10.1 10.8 11.2 11.0 415 NIGERIA (US$ millioni, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DLB HI RESI RI CI-1RINGS Total amount rescheduled 0 0 1,480 2,615 2,497 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 2,051 0 0 0 0 0 Principal resclieduled 0 0 1,280 1.731 327 0 0 0 0 0 Official 0 0 1.090 589 277 0 0 0 0 0 Private 0 0 191 1,142 51 0 0 0 0 0 Interest rescheduled 0 0 169 834 60 0 0 0 0 0 Official 0 0 149 568 49 0 0 0 0 0 Private 0 0 21 266 11 0 0 0 0 0 Debt forgiven 0 14 0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 0 286 113 3,532 30 13 95 1,023 700 of which debt buyback 0 0 0 0 1,335 0 0 0 281 0 N~. DEBTl 1IOt K-FLOW RECONt ILIA 1O0- Totat change in debt stocks .. 3,318 87 -4,508 1,681 2,393 1,000 -2,686 -2,952 Net flows on debt ..-34 -162 -708 472 -660 -559 -1,334 -663 Net change in interest arrears .. 820 -559 716 1,241 1,381 898 249 -10 Interest capitalized .. 169 834 60 0 0 0 0 0 Debt forgiveness or reduction .. -286 -127 -2,197 -30 -13 -95 -742 -700 Cross-currency valuation ... 2,406 -30 -1,227 -192 1,762 690 -957 -1.531 Residual ... 243 131 -1,151 190 -76 66 98 -49 9). %VER_LAGE. rERNIS OF NE % CONlIVNI-NENIUs ALL CREDITORS Interest (%) 6.0 10.5 6.5 6.1 4.6 3.7 7.7 0.0 0.0 0.0 Maturity (years) 14.0 10.9 19.1 21.7 23.1 24.5 26.5 0.0 0.0 0.0 Grace period (years) 3.9 3.5 5.3 5.9 7.3 6.8 5.5 0.0 0.0 0.0 Grant element (%) 21.3 -2.2 23.6 27.8 40.2 48.4 16.0 0.0 0.0 0.0 Official creditors Interest (%) 5.9 8.2 5.8 6.1 4.6 2.8 7.7 0.0 0.0 0.0 Maturity (years) 15.4 16.1 22.5 22.2 23.1 27.6 26.5 0.0 0.0 0.0 Grace period (years) 4.3 3.9 6.2 6.0 7.3 7.7 5.5 0.0 0.0 0.0 Grant element (%) 23.2 9.2 31.1 28.7 40.2 58.1 16.0 0.0 0.0 0.0 Private creditors Interest (%) 6.5 11.4 7.9 7.3 0.0 7.2 0.0 0.0 0.0 0.0 Maturity (years) 6.5 8.9 13.1 12.1 0.0 13.5 0.0 0.0 0.0 0.0 Grace period (years) 1.9 3.4 3.7 2.6 0.0 3.8 0.0 0.0 0.0 0.0 Grant element (%) 11.0 -6.6 10.4 12.3 0.0 14.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 65 1,904 2.216 1,362 1,101 288 472 0 0 0 Official creditors 55 525 1,415 1.292 1,101 225 472 0 0 0 Private creditors 10 1.380 801 70 0 63 0 0 0 0 wI. CON [R-%CTILAL 0BILGA rIONS- ON OLS1TSfxNDI)NG LONG-TERNM DEBTr 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 370 305 193 ill 69 23 5 0 0 0 Principal 2,038 1,996 672 608 893 898 869 864 721 415 Interest 728 590 505 471 438 390 340 291 242 203 Official creditors Disbursements 370 305 193 111 69 23 5 0 0 0 Principal 1,684 1,676 485 422 710 716 703 694 554 277 Interest 529 409 339 310 282 238 191 145 100 66 Bilateral creditors Disbursements 4 4 2 1 0 0 0 0 0 0 Principal 1,203 1,212 39 32 372 372 363 363 253 24 Interest 269 170 125 123 118 95 71 46 22 6 Multilateral creditors Disbursements 366 301 191 110 69 23 5 0 0 0 Principal 481 464 447 390 337 344 340 331 302 253 Interest 260 240 215 188 164 143 121 99 78 60 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 355 320 187 186 184 182 166 170 167 138 Interest 198 180 166 160 156 152 148 145 142 136 Commercial banks Disbursements 0 0 0 0 0 0 0 0 00 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 355 320 187 186 184 182 166 170 167 138 Interest 198 180 166 160 156 152 148 145 142 136 416 ONLAN (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. NU f%I AR) I) E 'I' D.ATIA TOTAL DEBT STOCKS (EDT) 599 2,736 2,901 2,855 2,657 3,087 3,181 3,415 3,602 Long-terin debt (LDOD) 436 2,400 2,474 2,340 2,315 2,610 2,640 2,649 2,570 Public and publicly guaranteed 436 2,400 2,474 2,340 2,315 2,608 2,637 2,646 2,567 Private nonguaranteed 0 0 0 0 0 3 3 3 3 Useof IMF credit 0 0 0 0 0 0 0 0 0 0 Short-term debt 163 335 427 515 342 477 541 766 1,032 of which interest arrears on LDOD 0 1 0 0 0 0 2 1 1 Official creditors 0 1 0 0 0 0 2 1 1 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 3 0 0 0 0 35 35 6 Official creditors 0 3 0 0 0 0 29 35 5 Private creditors 0 0 0 0 0 0 6 0 0 Menslo: export credits .. 561 574 590 726 827 958 993 1,394 TOTAL DEBT FLOWS Disbursements 98 125 441 253 366 601 322 608 272 Long-term debt .. 98 125 441 253 366 601 322 608 272 IMF purchases 0 0 0 0 0 0 0 0 0 0 Principal repayments 179 536 385 340 425 376 282 571 297 Long-term debt .. 179 536 385 340 425 376 282 571 297 IMF repurchases 0 0 0 0 0 0 0 0 0 0 Net flows on debt -81 -425 149 0 -231 360 103 263 241 of which short-term debt .. -14 93 87 -173 135 62 226 266 Interest payments (INT) 70 203 195 189 181 174 204 180 177 Long-term debt 44 178 167 153 158 149 184 149 132 IMF charges 0 0 0 0 0 0 0 0 0 0 Short-term debt .. 26 25 27 36 24 25 21 31 45 Net transfers on debt -151 -627 -46 -189 -413 186 -101 84 64 Total debt service paid (TDS) -. 249 739 580 529 606 550 486 751 474 Long-term debt .. 223 714 552 493 583 525 466 720 430 IMF repurchases and charges 0 0 0 0 0 0 0 0 0 0 Short-term debt (interest only) .. 26 25 27 36 24 25 21 31 45 2. AGGRIEG ATE NET RESOURC E Ft Oil S AND NEFT RANIiFERS kLONG-TE RIN i NET RESOURCE FLOWS 174 -213 191 16 120 397 106 149 102 Net flow of long-term debt (ex. IMF) .. -81 -411 57 -88 -59 225 41 37 -25 Foreign direct investment (net) .. 98 141 135 104 142 76 46 67 90 Portfolio equity flows ..0 0 0 0 0 26 5 25 38 Grants (excluding technical coop.) .. 157 57 0 0 36 70 15 20 0 Memo: technical coop. grants ..4 18 17 22 16 22 17 17 19 official net resource flows .. 140 45 43 131 96 57 84 80 -16 private net resource flows .. 34 -259 149 -115 24 341 22 69 118 NET TRANSFERS -155 -780 -383 -575 -496 -217 -528 -470 -510 Initerest oni long-termi debt .. 44 178 167 153 158 149 184 149 132 Profit remittances on FDI .. 286 390 407 439 458 465 450 470 480 Memo: official net transfers .. 127 31 27 114 73 32 55 52 -47 private net transfers .. 282 -812 -410 -689 -569 -249 -583 -523 -463 3. M-NAJOR ECONOM.IJUA(;GREC;ATES Gross national product (GNP) .. 5,338 9,445 9,088 9,820 9,565 9,360 10,531 Exports of goods & services (XGS) .. 3,887 5,990 5,331 5,935 5,839 5,852 6,442 7,615 8,034 of which workers remittances .. 35 39 39 39 39 39 39 39 39 Imports of goods & services (MGS) .. 2,650 3,971 4,668 5,298 5,624 5,317 5,734 6,075 6,621 International reserves (RES) .. 705 1,784 1,765 2,080 1,021 1,090 1,251 1,497 1,633 Current account balance .. 942 1,106 -251 -598 -1,190 -805 -801 180 -57 4I. DE B I IN DI C TO RS EDT /XGS (%) .. 15.4 45.7 54.4 48.1 45.5 52.8 49.4 44.8 44.8 EDT /GNP (% . 11.2 29.0 31.9 29.1 27.8 33.0 30.2 TDS /XGS ().. 6.4 12.3 10.9 8.9 10.4 9.4 7.5 9.9 5.9 INT /"XGS (% . 1.8 3.4 3.7 3.2 3.1 3.0 3.2 2.4 2.2 INT /GNP (% . 1.3 2.1 2.1 1.9 1.9 1.9 1.9 RES /EDT (% . 117.7 65.2 60.9 72.8 38.4 35.3 39.3 43.8 45.3 RES /MGS (months) .. 3.2 5.4 4.5 4.7 2.2 2.5 2.6 3.0 3.0 Short-term /EDT (%) .. 27.2 12.3 14.7 18.0 12.9 15.5 17.0 22.4 28.7 Concessional i EDT ().. 43.6 8.9 9.7 14.0 18.3 16.9 18.3 17.6 15.6 Multilateral / EDT (%) .. 5.8 4.7 4.9 5.9 6.2 5.2 6.3 6.5 5.5 417 OMLAN (US$ million, uinless other-wise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1~997- S. LONC,-'I E RNI LEBrT DEBT OUTSTANDING (LDOD) 436 2,400 2,474 2,340 2,315 2,610 2,640 2,649 2,570 Public and publicly guaranteed 436 2,400 2,474 2,340 2,315 2,608 2,637 2,646 2,567 Official creditors 349 327 379 500 579 601 665 693 645 Multilateral 35 129 143 167 164 162 199 221 199 Concessional 6 49 49 71 73 88 120 131 119 Bilateral 314 198 235 333 416 439 466 473 446 Concessional 255 194 231 330 414 434 462 469 443 Private creditorS 87 2,073 2,095 1,840 1,736 2,007 1,972 1,953 1,923 Bonds 0 0 0 0 0 0 0 0 225 Commercial banks 0 1,721 1,812 1,578 1,312 1,521 1,470 1,439 1,257 Other private 87 353 283 262 424 486 502 514 440 Private nonguaranteed 0 0 0 0 0 3 3 3 3 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 3 3 3 3 Memo: IBRD 0 14 52 53 52 46 33 25 19 13 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 98 125 441 253 366 601 322 608 272 Public and publicly guaranteed 98 125 441 253 366 601 322 608 272 Official creditors 45 34 97 184 108 58 117 106 44 Multilateral 13 22 42 60 21 21 58 49 10 Concessional 6 12 9 32 10 20 40 28 8 Bilateral 32 13 54 124 88 37 58 57 34 Concessional 7 13 53 124 88 32 58 57 34 Private creditors 52 91 345 69 258 543 206 502 228 Bonds 0 0 0 0 0 0 0 0 225 Commercial banks 0 0 300 0 51 431 132 468 0 Other private 52 91 45 69 207 112 74 34 3 Pirivate nonguaranteed 0 0 0 0 0 0 0 1 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 1 0 Memo: IBRD 0 6 10 13 15 6 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 179 536 385 340 425 376 282 571 297 Public and publicly guaranteed 179 536 385 340 425 376 282 570 297 Official creditors 62 46 54 52 49 71 48 45 60 Multilateral 3 30 30 29 26 30 23 22 23 Concessional 0 10 10 8 8 9 10 14 15 Bilateral 60 16 24 23 23 41 25 23 37 Concessional 9 15 22 22 22 40 24 22 37 Private creditors 117 491 331 288 376 304 234 526 237 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 32 370 220 234 335 242 178 482 167 Other private 85 120 ill 54 41 62 56 44 70 Private nonguaranteed 0 0 0 0 0 0 0 1 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 1 0 Memo: IBRD 0 1 16 13 14 13 17 9 5 4 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON D]EBT -81 -411 57 -88 -59 225 41 37 -25 Public and publicly guaranteed -81 -411 57 -88 -59 225 41 37 -25 Official creditors -17 -12 43 131 59 -13 69 61 -16 Mutltilateral 1 1 -9 12 31 -6 -9 35 27 -12 Concessional 6 2 -1 24 2 11 31 1 4 -7 Bilateral -27 -3 30 101 65 -4 34 34 -4 Concessional -1 -2 31 102 66 -8 35 35 -3 Private creditors -65 -400 14 -219 -118 238 -28 -24 -9 Bonds 0 0 0 0 0 0 0 0 225 Commercial banks -32 -370 81 -234 -284 189 -46 -14 -167 Other private -33 -30 -67 15 166 50 18 -10 -67 Private nonguaranteed --0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 5 -6 0 1 -8 -16 -9 -5 -4 IDA 0 0 0 0 0 0 0 0 0 0 418 OMAN (US$ million, unless otherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) .. 44 178 167 153 158 149 184 149 132 Public and publicly guaranteed .. 44 178 167 153 158 149 184 149 132 Official creditors .. 14 14 16 18 22 24 29 28 31 Multilateral ..2 6 6 7 6 6 11 10 11 Concessional ..0 0 0 0 0 0 6 6 7 Bilateral .. 12 8 9 11 16 18 18 18 20 Concessional ..1 8 9 11 16 18 18 18 20 Private creditors .. 30 164 152 135 136 125 155 121 101 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 3 133 122 108 104 91 109 84 64 Other private 28 31 30 27 32 34 46 37 37 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 0 0 0 0 Memo: IBRD 0 1 5 4 4 4 4 2 2 1 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT .. 125 -589 -111 -240 -217 76 -143 -112 -157 Public and publicly guaranteed .. 125 -589 -111 -240 -217 76 -143 -112 -157 Official creditors .. -30 -26 27 114 37 -38 40 33 -47 Multilateral ..9 -15 6 24 -12 -15 24 17 -24 Concessional ..6 2 -l 24 2 11 24 8 -15 Bilateral .. -39 -11 21 90 49 -23 16 16 -23 Concessional -2 -10 22 91 50 -26 17 17 -22 Private creditors -95 -563 -138 -354 -254 114 -183 -144 -110 Bonds ..0 0 0 0 0 0 0 0 225 Commercial banks .. -35 -503 -42 -342 -389 98 -155 -98 -231 Other private .. -60 -60 -96 -12 135 15 -29 -46 -104 Private nonguaranteed --0 0 0 0 0 0 0 0 0 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 0 0 0 0 Memo: IBRD 0 4 -11 -4 -3 -12 -20 -11 -6 -5 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) -- 223 714 552 493 583 525 466 720 430 Public and publicly guaranteed 223 714 552 493 583 525 465 719 429 Official creditors .. 76 60 70 70 71 96 76 73 91 Multilateral ..5 37 36 36 33 36 34 32 34 Concessional ..0 10 10 8 8 9 16 20 22 Bilateral .. 71 23 33 34 39 60 43 41 57 Concessional ..9 23 31 33 37 58 41 40 56 Private cTeditors .. 147 654 483 423 512 429 389 646 338 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks .. 35 503 342 342 440 333 287 566 231 Other private .. 113 151 141 81 72 96 102 80 107 Private nonguaranteed ..0 0 0 0 0 0 1 1 0 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 0 1 1 0 Memo: IBRD 0 2 20 18 18 17 20 11 6 5 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT .. 499 897 753 568 464 490 407 230 196 Official creditors .. 176 454 386 232 114 137 259 181 151 Private creditors .. 323 443 367 336 350 353 148 49 45 Memorandum items Concessional LDOD .. 261 243 280 401 487 522 581 600 562 Variable rate LDOD ..0 12386 1,548 1,397 1L160 1,363 1,329 12323 1,158 Public sector LDOD .. 436 2,400 2.474 2,340 2,315 2,608 2,637 2,646 2.567 Private sector LDOD ..0 0 0 0 0 3 3 3 3 6. CL'RRENLY CONrPOSrIl [ON OF LONG-IE R\l DElI1 FPERCENT Deutsche mark .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc .. 7.5 0.5 0.4 0.3 0.2 0.0 0.0 0.0 0.0 Japanese yen .. 0.0 7.3 9.2 13.2 17.2 16.1 15.2 13.1 11.3 Pound sterling .. 8.8 5.5 6.3 6.6 9.4 10.2 9.6 9.3 8.1 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 16.8 75.5 72.9 66.9 60.7 62.1 61.1 61.4 64.1 Multiple currency .. 3.1 2.2 2.1 2.2 2.0 1.2 0.9 0.7 0.5 Special drawing rights .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies .. 63.7 9.1 9.1 10.8 10.5 10.3 13.2 15.5 15.9 419 OMA.N (US$ millioni, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DER F RESrRL CWIRINGS Total amount rescheduled ..0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 Official ..0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 Interest rescheduledi 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction ..0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 .5. DEBTr Si OCK-FLONN' RECONUILIA rlO\ Total change in debt stocks ..-233 165 -46 -198 430 94 234 187 Net flows on debt ... -425 149 0 -231 360 103 263 241 Net change in interest arrears I.. -1 0 0 0 2 -1 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 0 0 Cross-currency valtiation ... 46 12 -42 43 70 -12 -22 -47 Residual ... 145 5 -3 -10 0 1 -7 -7 t). NVERAGE'I~ 1- ERNS OF NJAN C O)NINIIIN-L M NUFS ALL CREDITORS Interest (%) .. 7.9 7.5 5.5 5.0 5.5 4.7 4.6 5.7 6.7 Maturity (years) .. 9.4 13.8 6.9 11.6 11.8 8.8 16.6 8.1 6.0 Grace period (years) .. 3.2 4.0 4.9 2.7 3.8 3.2 3.4 4.9 4.7 Grant element I(%) .. 9.1 12.8 18.5 23.4 22.6 21.9 31.9 19.1 13.7 Official creditors Interest (11) .. 10.0 1.9 3.9 2.9 0.0 3.3 4.6 3.5 3.6 Maturity (years) .. 10.5 16.7 16.0 16.5 0.0 16.7 16.6 19.1 13.0 Grace period (years) .. 2.9 4.5 4.0 3.9 0.0 3.5 3.4 4.1 2.9 Grant element (%) .. 2.9 45.1 30.8 39.3 0.0 37.0 31.9 40.9 32.7 Private creditors Interest (%) .. 7.5 8.0 5.8 6.6 5.5 5.0 0.0 6.0 7.1 Maturity (years) .. 9.2 13.5 5.1 7.9 11.8 7.6 0.0 7.0 5.0 Grace period (years) .. 3.3 4.0 5.1 1.7 3.8 3.2 0.0 5.0 5.0 Grant element (%) .. 10.3 9.9 16.0 11.1 22.6 19.6 0.0 16.9 10.9 Memorandum items Commnitments .. 454 412 362 144 275 622 245 441 258 Official creditors .. 76 34 62 63 0 80 245 41 33 Private creditors .. 379 379 300 81 275 542 0 400 225 1 U. CON I RA~CILIAl. OR IG A1I(JNN ON OLUTST. N DI NG LONG-TE RAI D Bl)E 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAIL Disbursements 94 55 24 13 5 2 1 1 1 0 Principal 547 464 169 242 548 314 133 73 45 44 Interest 154 120 98 90 65 37 20 14 11 9 Official creditors Disbursements 62 41 24 13 5 2 1 1 1 0 Principal 80 70 72 66 66 61 59 49 45 44 Interest 27 26 24 23 20 18 15 13 11 9 Bilateral creditors Disbursements 31 17 9 5 0 0 0 0 0 0 Principal 42 41 42 38 39 39 38 38 35 34 Interest 18 17 16 15 13 12 10 9 7 6 Multilateral creditors Disbursements 31 25 15 9 5 2 1 1 1 0 Principal 38 29 30 27 27 22 21 11 I11 9 Interest 9 9 9 8 7 6 5 4 4 3 Private creditors Disbursemenits 32 13 0 0 0 0 0 0 0 0 Principal 467 395 97 177 482 253 75 25 0 0 Interest 127 94 74 67 44 19 5 1 0 0 Comnmercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 384 319 28 108 188 188 28 14 0 0 Interest 79 51 35 33 24 12 2 1 0 0 Other private Disbursements 32 13 0 0 0 0 0 0 0 0 Principal 83 76 69 69 294 65 47 1 1 0 0 Interest 48 44 39 34 21 8 3 0 0 0 420 PAKISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 199? I. StIMMARY DLBT D VIX TOTAL DEBT STOCKS (EDT) .. 9,931 20,663 23,363 24,918 24,527 27,359 30,169 29,802 29,665 Long-term debt (LDOD) 3,073 8,520 16,643 18,162 19,397 21,459 23,864 25,322 25,590 25,902 Public and publicly guaranteed 3,068 8,502 16.506 17,737 18,563 20,402 22,686 23,728 23,595 23,565 Private nonguaranteed 5 18 138 425 834 1,057 1.178 1,593 1,995 2,338 Use of IMF credit 45 674 836 1,068 1,127 1,122 1,557 1,613 1,396 1,281 Short-term debt .. 737 3,185 4,134 4,394 1,946 1,938 3,235 2,816 2,481 of which interest arr-ears on LDOD 0 1 1 0 0 0 0 0 0 Official creditors 0 1 1 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD ..0 15 9 0 0 0 0 0 0 Official creditors ..0 15 9 0 0 0 0 0 0 Private creditors ..0 0 0 0 0 0 0 0 0 Memo: export credits .. 2,343 2,419 2,584 2,671 3,329 5,182 4,870 4,935 TOTAL DEBT FLOWS Disbursements 492 1,371 1,766 2,308 2,923 3,216 4,039 3,222 3,602 4,733 Long-term debt 492 1,064 1,766 1,992 2,923 3,093 3,607 3,020 3,447 4,453 IMF purchases 0 308 0 315 0 123 432 202 155 280 Principal repayments 143 492 1,087 1,095 1,444 1,521 2,469 1,988 2,100 2,826 Long-term debt 115 353 916 996 1,279 1,393 2,403 1,813 1,779 2,518 IMF repurchases 28 139 172 99 166 128 66 174 321 309 Net flows on debt 348 880 1,093 2,162 1,740 -753 1,562 2,531 1,083 1,572 of which shodt-term debt ... 414 949 261 -2,448 -8 1,297 -419 -335 Interest payments (INT) .. 378 839 866 887 866 999 1,195 1,189 1,233 Long-term debt 78 248 521 595 662 750 855 948 906 903 IMF charges 0 27 54 36 36 36 34 44 58 36 Short-term debt .. 103 264 236 190 80 109 203 225 294 Net transfers on debt .. 502 254 1,296 852 -1,619 563 1,336 -106 339 Total debt service paid (TDS) .. 870 1,926 1,961 2,332 2,386 3,468 3,183 3,289 4,059 Long-term debt 193 601 1,437 1.591 1,940 2,143 3,258 2,761 2,686 3,420 IMF repurchases and charges 28 166 226 134 202 163 100 219 378 345 Short-ternm debt (interest only) .. 103 264 236 190 80 109 203 225 294 2.AGGRI:G AT'E NET RESOURCE FL-O% S.-AND NE F rRAXNsFERS if-ONG-TERM I NET RESOURCE FLOWS 453 1,256 1,419 1,755 2,428 2,431 3,157 2,842 3,487 3,058 Net flow of long-term debt (ex. IMF) 377 711 851 996 1,645 1,700 1,204 1,207 1,668 1,935 Foreign direct investment (net) 23 63 244 257 335 346 419 719 918 713 Portfolio equity flows 0 0 0 23 139 185 1,335 729 700 252 Grants (excluding technical coop.) 53 482 324 479 310 201 199 188 201 158 Memo: technical coop. grants 24 120 319 317 320 273 181 181 157 143 official net resource flows 404 1,026 1,237 1,478 1,327 1,190 1,392 1,055 1,327 961 private net resource flows 49 230 182 277 1,101 1,241 1,765 1,787 2,160 2,097 NET TRANSFERS 369 1,002 844 1,118 1,713 1,619 2,232 1,794 2,455 1,955 Interest on long-term debt 78 248 521 595 662 750 855 948 906 903 Profit remittances on FDI 6 6 53 42 54 62 70 100 126 200 Memo: official net transfers 340 823 782 948 750 550 700 303 637 279 private net transfers 29 179 63 169 963 1,070 1,532 1,491 1,818 1,677 3. MAjMOR [( ONo NUC XAGGREC Al-IES Gross national product (GNP) 10,028 22,076 39,031 44,934 48,681 51,746 52,446 61,104 65,170 62,401 Exports of goods & services (XGS) 891 4,758 8,267 9,380 9,810 9,972 9,911 11,963 11,936 11,242 of which workers remittances 86 1,748 1,942 1,848 1,468 1,562 1,446 1,866 1,461 1,461 Imports of goods & services (MGS) 1,591 6,042 10,425 11,805 12.803 14,425 12.759 14,906 17,288 14,418 International reserves (lRES) 195 1,568 1,046 1,220 1,524 1,995 3,716 2,528 1,308 1,795 Current account balance .. 862 -1,654 -1,261 -1,867 -2,887 -1,804 -3,333 -4,415 -1,752 4. DEBTr INDICA AORS EDT /XGS (%) .. 208.7 250.0 249.1 254.0 246.0 276.0 252.2 249.7 263.9 EDT / GNP (% . 45.0 52.9 52.0 51.2 47.4 52.2 49.4 45.7 47.5 TDS / XGS (% . 18.3 23.3 20.9 23.8 23.9 35.0 26.6 27.6 36.1 INT / XGS (% . 7.9 10.1 9.2 9.0 8.7 10.1 10.0 10.0 11.0 INT/fGNP(% . 1.7 2.1 1.9 1.8 1.7 1.9 2.0 1.8 2.0 RIES / EDT (% . 15.8 5.1 5.2 6.1 8.1 13.6 8.4 4.4 6.0 RIES / MGS (months) 1.5 3.1 1.2 1.2 1.4 1.7 3.5 2.0 0.9 1.5 Short-term / EDT (%) .. 7.4 15.4 17.7 17.6 7.9 7.1 10.7 9.4 8.4 Concessional / EDT ().. 71.6 58.5 54.3 51.1 54.6 55.6 53.5 53.2 50.3 Multilateral / EDT (SI) .. 15.4 33.4 34.6 35.1 40.4 41.9 40.4 40.9 40.1 421 PAKISTAN (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1 997 5. LOJNG-TERMI DEBI DEBT OUTSTANDING (LDOD) 3,073 8,520 16,643 18,162 19,397 21,459 23,864 25,322 25,590 25,902 Public and publicly guaranteed 3,068 8,502 16,506 17,737 18,563 20,402 22,686 23,728 23,595 23,565 Official creditors 2,782 7,953 15,791 17,108 17,733 19,095 21,516 22,609 22,361 21,557 Multilateral 614 1,532 6,894 8,078 8,749 9,906 11,462 12,184 12, l9s 11,910 Concessional 280 956 3,887 4,418 4,669 5,214 6,270 6,855 7,118 7,069 Bilateral 2,168 6,420 8,897 9,031 8,983 9,190 10,054 10,425 10,166 9,647 Concessional 1,907 6,154 8,207 8,258 8,065 8,177 8,943 9.295 8,734 7,856 Private creditors 285 550 714 628 830 1,307 1,170 1,119 1,234 2,008 Bonds 0 0 0 0 0 0 150 150 300 675 Commnercial banks 6 115 402 321 466 873 424 379 308 947 Other private 280 435 313 307 364 434 596 590 627 386 Private nonguaranteed 5 18 138 425 834 1,057 1,178 1,593 1,995 2,338 Bonds 0 0 0 0 0 0 45 45 45 45 COMMeTcial banks 5 18 138 425 834 1,057 1,133 1,548 1,950 2,293 Memo: IBRD 330 330 1,816 2,181 2,384 2,624 2,934 3,082 3,007 3,046 IDA 280 821 2,106 2,311 2,457 2,683 3,054 3,321 3,480 3,526 DISBURSEMENTS 492 1,064 1,766 1,992 2,923 3,093 3,607 3,020 3,447 4,453 Public and publicly guaranteed 489 1,054 1,728 1,840 2,384 2,698 3,176 2,265 2,747 3,775 Official creditors 420 798 1f648 1,775 1,955 2,051 2,696 2,133 2,356 2.645 Multitateral 94 161 984 1,272 1,174 1,337 1,478 1,163 1,275 1,239 Concessional 24 103 366 499 426 512 808 629 694 536 Bilateral 326 637 664 504 781 714 1,217 970 1,081 1.406 Concessional 274 544 336 263 356 313 841 744 468 335 Private creditors 69 257 80 65 429 647 481 132 391 1.131 Bonds 0 0 0 0 0 0 150 0 150 375 Commercial banks 0 101 9 29 318 530 134 90 87 744 Other private 69 156 72 35 111 118 197 42 154 12 Private nonguaranteed 3 9 39 152 540 395 431 755 701 678 Bonds 0 0 0 0 0 0 45 0 0 0 Commnercial banks 3 9 39 152 540 395 386 755 701 678 Memo: IBRD 66 16 356 413 387 349 314 271 371 490 IDA 24 74 138 210 226 249 321 254 280 233 PRINCIPAL REPAYMENTS 115 353 916 996 1,279 1,393 2,403 1,813 1,779 2,518 Public and publicly guaranteed 114 346 877 927 1,148 1,222 2,138 1,474 1,481 2,182 Official creditors 69 254 735 777 937 1,061 1,503 1.265 1,230 1.841 Multilateral 22 41 307 262 298 417 634 554 485 619 Concessional 0 5 43 47 51 59 67 77 92 108 Bilateral 47 213 428 514 639 644 869 711 745 1,222 Concessional 22 177 368 351 386 362 554 465 469 567 Private creditors 46 92 143 150 211 161 635 208 251 341 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks I 10 88 110 167 120 585 138 157 105 Other private 44 83 54 40 44 41 50 70 94 236 Private nonguaranteed 1 7 39 70 131 171 265 340 299 335 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 7 39 70 131 171 265 340 299 335 Memo: IBRD 22 26 73 102 126 155 180 219 227 206 IDA 0 4 19 21 23 26 30 35 39 42 NET FLOWS ON DEBT 377 711 851 996 1,645 1,700 1,204 1,207 1,668 1,935 Public and publicly guaranteed 375 709 851 914 1,236 1,476 1,039 792 1,266 1,593 Official creditors 351 544 913 999 1,017 990 1,193 868 1,126 803 Multilateral 72 120 677 1,009 876 920 844 609 789 619 Concessional 23 99 322 452 375 452 741 553 602 428 Bilateral 279 424 236 -11 142 69 349 258 336 184 Concessional 252 367 -32 -88 -30 -49 287 279 0 -233 Private creditors 24 164 -63 -85 218 487 -154 -76 140 790 Bonds 0 0 0 0 0 0 150 0 150 375 CommneTcial banks -1 91 -80 -81 1511 410 -451 -48 -70 638 Other private 25 73 17 -5 67 77 147 -28 60 -224 Private nonguaranteed 2 2 0 83 409 223 166 416 402 342 Bonds 0 0 0 0 0 0 45 0 0 0 Commercial banks 2 2 0 83 409 223 121 416 402 342 Memo: IBRD 44 -10 283 311 260 194 134 52 144 284 IDA 23 70 119 189 202 223 291 218 241 191 422 PAKISTAN (USS million, uinless otherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 78 248 521 595 662 750 855 948 906 903 Public and publicly guaranteed 77 247 511 576 623 684 764 818 784 758 Official creditors 64 203 456 529 578 641 692 752 690 682 Multilateral 21 61 247 288 330 377 423 445 411 391 Concessional 2 7 3 1 34 40 44 51 58 61 63 Bilateral 43 143 209 242 248 263 269 307 279 291 Concessional 29 128 178 190 189 192 201 252 207 199 Private creditors 14 44 55 47 45 44 73 66 94 77 Bonds 0 0 0 0 0 0 0 9 17 17 Commercial banks 0 9 38 33 28 25 45 32 31 19 Other private 13 35 17 14 17 19 27 26 46 40 Private nonguaranteed 0 2 11 19 39 66 91 130 122 144 Bonds 0 0 0 0 0 0 1 2 2 2 Commercial banks 0 2 11 19 39 66 90 128 120 142 Memo: IBRD 19 33 126 152 170 187 203 217 210 193 IDA 2 6 15 16 18 19 21 24 25 26 NET TRANSFERS ON DEBT 299 463 329 401 983 950 349 259 762 1,033 Public and publicly guaranteed 298 462 340 337 613 792 274 -26 482 835 Official creditors 287 341 457 469 440 349 501 116 436 121 Multilateral 5 1 60 430 721 546 543 421 164 379 228 Concessional 21 92 291 418 335 409 690 494 541 365 Bilateral 236 281 27 -252 -106 -194 80 -48 57 -107 Concessional 223 239 -210 -277 -218 -241 86 27 -207 -432 Private creditors 10 121 -117 -132 173 443 -227 -142 46 713 Bonds 0 0 0 0 0 0 150 -9 133 358 Commercial banks -1 82 -118 -113 123 385 -497 -80 -101 619 Other private 12 39 1 -19 50 58 120 -54 14 -263 Private nonguaranteed 2 1 -11 64 370 158 75 285 280 198 Bonds 0 0 0 0 0 0 44 -2 -2 -2 Commercial banks 2 1 -11 64 370 158 31 287 282 200 Memo: IBRD 25 -43 157 160 90 7 -69 -165 -65 91 IDA 21 64 104 173 185 204 270 194 217 165 DEBT SERVICE (LTDS) 193 601 1,437 1,591 1,940 2,143 3,258 2,761 2,686 3,420 Public and publicly guaranteed 192 593 1,388 1,503 1,771 1,906 2,902 2,291 2,265 2,941 Official creditors 133 457 1,191 1,306 1,515 1,701 2,195 2,017 1,920 2,523 Multilateral 43 102 554 550 628 794 1,057 999 896 1,010 Concessional 2 12 74 81 91 103 118 135 153 171 Bilateral 90 355 636 756 887 908 1,138 1,018 1,024 1,513 Concessional 51 305 546 540 575 554 755 717 675 767 Private creditors 59 136 197 197 256 204 707 274 345 417 Bonds 0 0 0 0 0 0 0 9 17 17 Commercial banks 1 19 127 143 195 145 631 170 188 125 Other private 58 117 71 54 61 60 77 96 140 275 Private nonguaranteed 1 8 49 89 170 237 356 470 421 479 Bonds 0 0 0 0 0 0 1 2 2 2 Commercial banks 1 8 49 89 170 237 355 468 419 477 Memo: IBRD 41 59 199 254 296 343 383 436 436 399 IDA 2 10 34 37 41 45 51 59 63 68 UNDISBURSED DEBT 1,517 2,822 9,153 8,982 9,131 9,597 9,841 8,941 8,214 6,513 Official creditors 1,319 2,677 8.922 8,655 8,629 9.083 9,440 8,590 7,982 6,166 Private creditors 198 145 231 327 502 515 401 351 232 347 Memorandum items Concessional LDOD 2,188 7,110 12,094 12,676 12,734 13,392 15,213 16,149 15,852 14,925 Variable rate LDOD 5 129 2,232 2,881 4,013 5.243 5,422 6.046 6,904 8,666 Public sector LDOD 2,953 8,432 16,374 17,614 18,450 20,306 22,590 23,634 23,511 23,499 Private sector LDOD 120 88 269 548 946 1,153 1,274 1,687 2,079 2.404 6. CUiRRE NCY COMlPOSIlrlON OF LONG- I ER3I DEBT1 (PR( E NT Deutsche mark 9.3 9.1 10.2 9.7 8.8 7.3 7.9 8.1 7.3 5.9 French franc 1.6 3.2 1.8 1.7 1.7 1.6 2.5 2.8 2.7 2.2 Japanese yen 6.0 8.4 13.6 14.0 13.8 14.1 15.6 15.2 14.3 12.9 Pound sterling 16.1 3.7 1.5 1.3 1.2 1.1 0.9 0.8 0.8 0.9 Swiss franc 0.7 0.4 0.3 0.2 0.3 0.2 0.3 0.3 0.4 0.3 U.S.dollars 46.2 53.8 35.7 33.5 33.9 35.1 31.1 31.2 33.8 39.5 Multiple currency 13.5 9.6 26.2 29.7 30.8 32.2 34.5 34.7 33.9 31.7 Special drawing rights 0.0 0.0 3.1 3.0 2.9 2.8 2.8 2.9 3.0 3.1 All other currencies 6.6 11.7 7.6 6.9 6.6 5.7 4.3 4.0 3.9 3.5 423 PAKISTAN (US$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 D. IEBT RE %4RI1(1' I RJN(;,% Total amount rescheduled 0 0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 tI 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven 0 0I 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 S. DEIIT SrorK. -FLO0% RECON(. lLl.ATrioN Total change in debt stocks .. 2,315 2,700 1,555 -391 2,832 2,810 -368 -137 Net flows on debt ... 1,093 2,162 1,740 -753 1,562 2,531 1,083 1,572 Net change in interest arrears ...0 0 -1 0 0 0 0 0 Interest capitatized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 0 0 Cross-currency valutation ... 679 189 -345 205 984 237 -928 -1,042 Residual ... 544 349 161 157 286 42 -522 -667 9J. XVERAG,E YFRIM.j iF_ NEI% (OMMI IMIII NTN, ALL CREDITORS Interest (%) 2.8 4.4 5.3 5.7 4.4 3.6 4.2 5.7 4.5 5.3 Maturity (years) 31.6 30.1 22.5 20.5 18.8 20.2 23.4 17.3 20.7 11.6 Grace period (years) 11.9 6.6 6.1 5.4 6.7 5.7 6.6 5.5 6.1 3.1 Grant element (14) 59.2 47.9 34.9 31.5 36.9 41.0 42.3 28.7 35.7 20.8 Official creditors Interest (% 2.3 2.5 5.2 5.5 4.1 3.0 3.7 5.5 4.9 4.8 Maturity (years) 35.1 35.4 22.9 21.5 22.0 24.4 25.2 19.0 22.7 17.7 Grace period (years) 13.6 8.2 6.2 5.7 7.7 6.9 7.0 6.1 6.5 4.8 Grant element (%) 66.3 62.2 35.7 33.6 42.8 49.9 46.6 31.4 36.5 31.1 Private creditors Interest (%) 5.7 11.3 8.8 7.6 5.5 5.6 8.4 7.0 0.6 6.0 Maturity (years) 11.1 10.8 10.6 9.5 7.0 4.4 8.1 4.4 5.1 3.2 Grace period (years) 1.9 0.8 4.8 2.6 3.0 1.2 2.9 0.9 3.2 0.8 Grant element (%) 17.5 -4.0 5.0 8.9 15.1 7.1 5.9 8.1 29.9 6.6 Memorandum items Commitments 949 1,115 2,972 1,893 2.861 3,288 3,390 1,840 2,628 3,043 Official creditors 811 874 2.890 1,730 2.254 2,605 3,034 1.627 2,331 1,756 Private creditors 139 242 82 163 606 683 357 213 297 1,287 Iii C-ONTRA( RiAl. OBLUG. I IONS ON O1 US_I INDIlN(G L0\~-TrER.Nl D)EB-I 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAIL Disbursements 2,346 1,730 1,137 691 319 122 52 15 4 1 Principal 2,785 2,644 2,106 1,942 1,684 1,649 1,412 1,247 1,179 1,155 Interest 1,040 940 819 732 651 572 495 437 400 362 Official creditors Disbursements 2,162 1,623 1,094 678 319 122 52 15 4 1 Principal 1,780 1,522 1,301 1,254 1,249 1.253 1.246 1,220 1,164 1,148 Interest 764 723 677 636 588 537 484 433 398 360 Bilateral creditors Disbursements 776 552 325 178 87 39 18 1 1 0 Principal 1,220 943 675 587 558 556 538 531 515 491 Interest 328 283 251 232 215 198 181 165 149 134 Muttilaterat cieditors Disbursements 1,386 1,071 769 500 231 83 34 14 4 1 Principal 559 578 625 667 692 697 708 689 649 657 Interest 436 440 426 404 373 338 303 268 248 226 Private creditors Disbursements 184 107 43 13 0 0 0 0 0 0 Principal 1.006 1,122 805 688 435 396 166 28 16 7 IDterest 276 218 142 96 63 35 11 4 2 2 Commercial banks Disbursements 133 79 32 10 0 0 0 0 0 0 Principal 369 378 296 77 41 8 8 8 7 5 Interest 60 40 20 7 3 1 1 1 0 0 Other private Disbursements 51 28 11 4 0 0 0 0 0 0 Principal 637 745 509 611 394 388 158 19 8 2 Interest 217 177 122 89 60 34 10 3 2 2 424 PANAMA (US$ millioni, unless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 L.SLIMIIAR'. VEST DA%TA- TOTAL DEBT STOCKS (EDT) .. 2,975 6,679 6,733 6,486 6,958 7,129 6,275 6,069 6,338 Long-term debt (LDOD) 194 2,271 3,988 3,918 3,771 3,799 3,930 3,914 5,211 5,418 Public and publicly guaranteed 194 2,271 3,988 3,918 3,771 3,799 3.930 3,914 5,136 5,074 Private nonguaranteed 0 0 0 0 0 0 0 0 75 344 Use of IMF credit 0 23 272 216 110 113 133 ill 131 142 Short-term debt . 681 2,418 2,599 2,605 3,046 3,065 2,251 727 777 of which interest arrears on LDOD ..1 1,018 1,199 1,205 1,595 1.600 1,652 48 49 Official creditors ..0 266 216 64 167 192 225 1 0 Private creditors ..1 753 983 1,141 1,427 1,408 1.427 47 49 Memio: principal arrears on LDOD ..0 2,116 2.215 L972 2,163 2,035 2,127 191 166 Official creditors ..0 554 588 112 175 198 204 3 5 Private creditors ..0 1,562 1,627 1.861 1,989 1,838 1.923 188 161 Memo: export credits .. 204 193 84 18 32 56 241 214 TOTAL DEBT FLOWS Disbursements 67 404 6 5 268 38 54 113 403 1,789 Long-term debt 67 404 6 5 168 25 40 99 327 1,743 IMF purchases 0 0 0 0 101 1 4 14 13 76 46 Principal repayments 25 232 121 129 603 146 165 172 463 1,239 Long-term debt 24 215 51 73 402 136 164 134 411 1,214 IMFErepurchases 2 17 7 1 56 201 10 1 39 52 26 Net flows on debt 42 172 -115 -124 -334 -56 -98 -12 27 1,055 of which short-term debt ...0 0 0 51 14 48 87 505 Interest payments (INT) 256 224 207 364 136 221 144 438 351 Long-term debt 7 252 9 1 108 231 80 140 101 392 301 IMFEcharges 0 3 16 14 79 7 6 7 5 6 Short-term debt ..2 117 85 55 50 74 36 41 44 Net transfers on debt .. -84 -339 -331 -698 -192 -318 -156 -411 704 Total debt service paid (TDS) -. 488 345 336 966 282 386 317 901 1,590 Long-term debt 31 466 141 181 632 215 304 235 803 1.514 IMF repurchases and charges 2 20 87 69 279 17 8 46 57 32 Short-term debt (interest only) ..2 117 85 55 50 74 36 41 44 2. AGGREGrF A MSN- RFS0UiRCI FLOAflS 'LNID NETr r'R_NSFLR I LONG- IERNI, NET RESOURCE FLOWS 76 149 213 47 134 100 364 178 169 1,572 Net flow' of long-term debt (ex. IMF) 44 189 -45 -69 -234 -111 -124 -34 -84 530 Foreign direct investment (net) 33 -47 132 41 139 156 354 179 238 1,030 Portfolio equity flows 0 0 0 0 88 0 115 20 5 2 Grants (excluding technical coop.) -1 6 126 75 141 55 20 13 10 10 Memo: technical coop. grants 8 9 -16 38 34 46 37 54 70 109 official net resource flows t0 84 87 19 -86 -43 -74 -9 -131 129 private net resource flows 67 65 127 29 220 143 438 187 300 1,443 NET TRANSFERS 50 -174 80 -111 -172 -13 184 34 -257 1,238 Interest on long-term debt 7 252 91 108 231 80 140 101 392 301 Profit remittances on FDt 19 72 42 51 76 33 40 43 35 33 Memno: official net transfers 7 49 -1 -83 -306 -115 -137 -67 -372 63 private net transfers 43 -223 81L -28 134 103 321 102 115 1,175 3. MAJI(OR ECONOMIIC AG(GRE(..ATE-S Gross national product (GNP) 1.034 3,393 5,024 5.421 6,190 6,881 7,399 7,563 7,944 8,401 Exports of goods & ser vices (XGS) .. 7,855 5.595 6,481 7,470 7.763 8,639 9,232 8.888 9,709 of which workers remittances ..2 18 14 13 17 17 16 16 16 Imports of goods & services (MGS) .. 8,222 5.588 6,901 7,931 8,093 8,749 9.713 9,097 10198 International reserves (RES) . .. .. .. Current account balance .. 329 208 -212 -270 -143 22 -343 -73 -343 .8. DEBI INDI( %ToFtS EDT/XGS (% . 37.9 119.4 103.9 86.8 89.6 82.5 68.0 68.3 65.3 EDT! GNP ().. 87.7 132.9 124.2 104.8 101.1 96.4 83.0 76.4 75.4 TDS /XGS (%) .. 6.2 6.2 5.2 12.9 3.6 4.5 3.4 10.1 16.4 INT/XGS (% . 3.3 4.0 3.2 4.9 1.8 2.6 1.6 4.9 3.6 INT; GNP (% . 7.5 4.5 3.8 5.9 2.0 3.0 1.9 5.5 4. 2 RES,/EDT(%)............ RES / MGS (months)............ Short-term / EDT (%) .. 22.9 36.2 38.6 40.2 43.8 43.0 35.9 12.0 12.3 Concessional / EDT (To) .. 9.0 5.9 6.2 7.0 6.3 6.2 6.7 6.8 6.4 Multilateral / EDT (91 . 11.0 15.3 14.2 10.7 9.0 8.3 9.9 11.2 12.2 425 PANAMIA (US$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LON(,-TER'%l DEBI' DEBT OUTSTANDING (LDOD) 194 2,271 3,988 3,918 3,771 3,799 3,930 3,914 5,211 5.418 Public and publicly guaranteed 194 2,271 3,988 3,918 3,771 3,799 3,930 3,914 5,136 5,074 Official creditors 93 595 1,504 1,536 1,314 1,307 1,264 1,262 1,070 1,138 Multilateral 38 327 1,020 956 694 625 591 619 677 773 Concessional 29 129 202 186 153 146 147 142 133 124 Bilateral 55 268 483 581 620 682 674 643 393 365 Concessional 49 138 194 229 299 294 292 277 282 280 Private creditors 101 1,676 2,484 2.382 2,457 2,492 2,666 2,652 4,066 3,936 Bonds 29 395 260 175 267 260 3 3 3,327 3,328 Commercial banks 6 1,161 2,102 2.127 2,124 2,160 2"599 2,598 690 565 Other private 66 120 123 80 67 72 65 51 49 43 Private nonguaraniteed 0 0 0 0 0 0 0 0 75 344 Bonds 0 0 0 0 0 0 0 0 75 321 Commercial banks 0 0 0 0 0 0 0 0 0 23 Memo: IBRD 7 133 462 417 288 241 206 175 199 209 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 67 404 6 5 168 25 40 99 327 1,743 Public and publicly guaranteed 67 404 6 5 168 25 40 99 252 1,469 Official creditors 15 95 6 4 165 24 15 95 192 240 Multilateral 6 68 0 0 113 16 15 93 168 201 Concessional 6 23 0 0 1 1 4 5 2 1 Bilateral 9 27 6 4 52 8 0 2 24 39 Concessional 8 10 0 0 51 2 0 0 24 39 Private creditors 52 309 0 0 2 1 25 5 61 1,230 Bonds 0 25 0 0 0 0 0 0 0 1,200 Commercial banks 0 272 0 0 2 1 25 5 55 30 Other private 52 13 0 0 0 0 0 0 5 0 Private nonguaranteed 0 0 0 0 0 0 0 0 75 274 Bonds 0 0 0 0 0 0 0 0 75 246 Commercial banks 0 0 0 0 0 0 0 0 0 28 Memo: IBRD 0 20 0 0 60 0 2 3 69 53 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 24 215 51 73 402 136 164 134 411 1,214 Public and publicly guaranteed 24 215 51 73 402 136 164 134 411 1,209 Official creditors 5 18 45 61 393 122 108 117 333 121 Multilateral 2 9 43 60 363 93 92 85 72 70 Concessional 1 3 0 8 34 8 10 11 11 10 Bilateral 3 9 2 1 30 29 t6 32 262 51 Concessional 2 2 0 0 7 13 9 11 10 29 Private creditors 19 197 6 13 9 14 56 17 78 1.088 Bonds 1 9 2 2 2 1 1 1 0 987 Commercial baniks 2 165 1 2 0 2 47 3 70 95 Other private 16 23 3 9 8 10 8 13 8 6 Private nonugaranteed 0 0 0 0 0 0 0 0 0 5 Bonds 0 0 0 0 0 0 0 0 0 0 Cominercial banks 0 0 0 0 0 0 0 0 0 5 Memo: IBRD 1 6 41 49 178 54 54 43 31 29 IDA 0 0 000 0 0 0 0 0 NET FLOWS ON DEBT 44 189 -45 -69 -234 -111 -124 -34 -84 530 Public and publicly guaranteed 44 189 -45 -69 -234 -111 -124 -34 -159 260 Official creditors 11 77 -39 -57 -227 -98 -94 -22 -142 119 Multilateral 5 59 -43 -60 -249 -77 -78 8 96 131 Concessional 5 20 0 -8 -33 -8 -7 -6 -10 -9 Bilateral 6 18 4 3 22 -21 -16 -30 -237 -12 Concessional 6 8 0 0 44 -11 -9 -10 15 10 Private creditors 33 112 -5 -12 -7 -13 -31 -12 -18 142 Bonds -1 16 -2 -2 -2 -1 -1 -1 0 213 Commercial banks -2 107 -1 -2 2 -2 -23 1 -15 -65 Other private 36 -10 -3 -9 -8 -10 -8 -13 -3 -6 Private nonguaranteed 0 0 0 0 0 0 0 0 75 269 Bonds 0 0 0 0 0 0 0 0 75 246 Commercial banks 0 0 0 0 0 0 0 0 0 23 Memo: IBRD -1 15 -41 -49 -118 -54 -52 -40 37 25 IDA 0 0 0 0 0 0 0 0 0 0 426 PANAMA (US$ mnillion, uniless otherwvise indicated) 1970 1980 1990 /99] 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 7 252 91 108 231 80 140 101 392 301 Public and publicly guaranteed 7 252 91 108 231 80 140 101 392 292 Official creditors 3 35 88 102 220 73 63 59 241 66 Multilateral 1 20 85 99 172 47 44 39 39 45 Concessional 1 3 9 6 5 3 3 3 3 3 Bilateral 1 15 2 3 48 25 19 20 202 22 Concessional 1 4 0 0 15 17 10 11 10 13 Private creditors 4 217 3 6 1 1 7 77 42 151 226 Bonds 1 40 0 0 0 1 38 1 0 163 Commercial banks 0 168 0 2 8 3 34 36 147 59 Other private 3 9 3 4 3 3 5 5 4 3 Private nonguaranteed 0 0 0 0 0 0 0 0 0 9 Bonds 0 0 0 0 0 0 0 0 0 8 Commercial banks 0 0 0 0 0 0 0 0 0 2 Memo: IBRD 0 12 27 36 121 21 18 15 13 15 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 37 -62 -135 -177 -465 -191 -264 -135 -476 229 Public and publicly guaranteed 37 -62 -135 -177 -465 -191 -264 -135 -551 -31 Official creditors 8 42 -127 -158 -447 -171 -157 -81 -382 53 Multilateral 3 39 -128 -159 -421 -124 -122 -31 57 86 Concessional 4 17 -9 -14 -38 -11 -10 -9 -12 -12 Bilateral 5 4 1 0 -26 -46 -35 -50 -439 -34 Concessional 5 4 0 0 29 -28 -20 -21 4 -3 Private creditors 29 -105 -9 -18 -18 -20 -108 -55 -169 -84 Bonds -2 -24 -2 -2 -2 -2 -38 -1 -1 50 Commercial banks -3 -61 -1 -3 -6 -5 -57 -35 -162 -124 Other private 33 -20 -6 -13 -11 -14 -13 -18 -6 -9 Private nonguaranteed 0 0 0 0 0 0 0 0 75 260 Bonds 0 0 0 0 0 0 0 0 75 239 Cornmercial banks 0 0 0 0 0 0 0 0 0 22 Memo: IBRD -t 3 -68 -85 -239 -75 -70 -55 25 10 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 31 466 141 181 632 215 304 235 803 1,514 P'ublic and publicly guaranteed 31 466 141 181 632 215 304 235 803 1,501 Official creditors 7 52 133 163 612 194 171 176 574 187 Multilateral 3 29 128 159 534 140 137 124 III 114 Concessional 2 6 9 14 39 12 13 14 14 12 Bilateral 5 23 4 4 78 54 35 52 463 73 Concessional 3 6 0 0 22 30 20 21 20 43 Private creditors 23 414 9 19 20 21 133 59 229 1,314 Bonds 2 49 2 2 2 2 38 1 1 1,150 Commercial banks 3 333 1 4 8 6 81 40 217 154 Other private 19 32 6 13 11 14 13 18 12 9 Private nonguaranteed (I0 0 0 0 0 0 0 0 14 Bonds 0 0 0 0 0 0 0 0 0 8 Comnmercial banks 0 0 0 0 0 0 0 0 0 6 Memo: IBRD 1 17 68 85 299 76 72 58 44 44 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 96 595 222 161 351 590 581 592 575 648 Official creditors 92 522 214 153 338 557 573 529 448 525 Private creditors 5 73 8 8 14 33 8 63 127 123 Memorandum items Concessional LDOD 78 267 396 415 452 439 439 419 414 404 Variable rate LDOD 0 1,197 2,318 2,415 2378 2,336 2,671 2,658 3,955 3.055 Public sector LDOD 194 2,271 3,988 3,918 3,771 3.799 3,930 3,914 5.136 5,074 Private sector LDOD 0 0 0 0 0 0 0 0 75 344 8. (IURRENC.' CONIPONITIO)N OIF LONU-rl't-R,l DJEBTi PERC ENT' Deutsche mark 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1 Japanese yen 0.0 9.6 9.4 8.1 12.3 10.8 10.3 10.0 2.2 2.5 Pound sterling 0.0 0.0 0.7 0.7 0.6 0.5 0.5 0.4 0.3 0.2 Swiss franc 0.3 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 U.S.dollars 94.5 71.0 63.3 65.6 67.1 68.7 71.4 71.7 85.7 86.1 Multiple currency 5.2 11.5 23.8 22.7 17.4 15.5 13.9 13.9 10.9 10.4 Special drawing rights 0.0 0.0 0.4 0.4 0.3 0.3 0.2 0.2 0.3 0.3 All other currencies 0.0 7.8 2.1 2.3 2.0 3.9 3.4 3.4 0.6 0.4 427 PANAMA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RESI-R[LCT liRIN(;,s Total amount rescheduled 0 0 0 174 28 58 422 5 3,328 0 Debt stock reschedluled 0 0 0 7 0 0 0 0 2 0 Principal rescheduled 0 0 0 105 4 36 260 0 1,876 0 Official 0 0 0 63 0 3 0 0 0 0 Private 0 0 0 42 3 34 260 0 1,876 0 IntereSt rescheduled 0 0 0 63 24 16 161 0 1,450 0 Official 0 0 0 45 2 0 0 0 0 0 Private 0 0 0 18 22 16 161 0 1,450 0 Debt forgiven ...0 0 3 0 0 0 590 56 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 56 1,227 of whichbdebt buyback 0 0 0 0 0 0 0 0 0 987 S. DEBIII 1%TOLK-FLO)%% REt NC)NU.I. %TION Total change in debt stocks ... 361 55 -247 472 171 60 -199 725 Net flows on debt ... -115 -124 -334 -56 -98 -12 27 1,055 Net change in interest arrears ... 355 181 6 390 6 52 -1,604 1 Interest capitalized ...0 63 24 16 161 0 1,450 0 Debt forgiveness or reduction ...0 0 -3 0 0 0 -646 -296 Cross-currency valuation ... 63 8 -81 6 16 -54 -39 -41 Residual ... 57 -73 141 118 86 75 612 6 9. .%NER.-(;E TERNIS OF NE%% COMMlTNI EN US ALL CREDITORS Interest (%) 6.9 11.3 5.0 0.0 6.5 7.7 7.3 5.0 5.9 8.2 Maturity (years) 15.0 11.4 8.3 0.0 20.2 20.6 17.2 17.8 15.6 19.6 Grace period (years) 4.0 4.5 4.8 0.0 5.9 4.6 5.7 3.8 3.9 16.3 Grant element (%) 16.9 -4.2 22.6 0.0 24.0 13.5 16.6 28.5 22.5 11.0 Official creditors Interest (% 6.0 6.3 5.0 0.0 6.4 7.9 7.3 6.9 6.6 7.4 Maturity (years) 24.4 15.4 8.3 0.0 20.4 20.9 17.2 21.2 18.9 20.5 Grace period (years) 6.1 5.3 4.8 0.0 5.9 4.7 5.7 4.5 5.2 5.2 Grant element (%) 27.9 21.2 22.6 0.0 24.3 12.3 16.6 20.0 21.4 16.3 Private creditors Interest (% 7.9 15.2 0.0 0.0 7.5 5.0 0.0 3.3 5.1 8.4 Maturity (years) 4.3 8.3 0.0 0.0 11.5 16.2 0.0 14.6 11.7 19.4 Grace period (years) 1.6 4.0 0.0 0.0 3.5 4.2 0.0 3.0 2.4 19.2 Grant element (%) 4.5 -24.0 0.0 0.0 11.6 29.2 0.0 36.4 23.7 9.6 Memorandum items Commitments ill 534 4 0 359 274 60 116 277 1,546 Official creditors 59 233 4 0 351 254 60 57 151 321 Private creditors 52 300 0 0 8 20 0 60 127 1.226 Iii. (CO% 1'R_( Tii.AL OBLIG.ATIONS ON OL TNT XNN)IN(, Ii )NC - [ER.A1 DEBl F 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTA-L Disbursements 203 168 109 62 42 27 18 8 5 3 Principal 289 225 227 275 866 229 208 207 214 215 Interest 359 355 354 350 323 291 206 200 192 184 Official creditors Disbursements 134 131 97 58 42 27 18 8 5 3 Principal 123 126 124 129 96 lOt 100 99 93 88 Interest 72 75 75 72 67 63 58 52 46 41 Bilateral creditors Disbursements 2 1 1 1 1 1 0 0 0 0 Principal 49 54 50 49 13 13 12 11 11 11 Interest 14 1 1 9 7 5 4 4 4 3 3 Multilateral creditors Disbursements 132 130 96 57 41 26 17 8 5 3 Principal 74 72 75 80 82 88 89 88 82 76 Interest 59 63 66 65 63 59 54 49 43 38 Private creditors Disbursements 70 37 12 4 0 0 0 0 0 0 Principal 165 99 103 146 770 128 108 108 121 128 Interest 287 280 279 278 255 228 148 147 146 144 Commercial banks Disbursements 70 37 12 4 0 0 0 0 0 0 Principal 79 87 91 90 57 2 1 20 20 19 11 Interest 28 26 21 15 9 7 5 4 3 2 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 87 12 12 56 714 108 88 88 102 116 Interest 259 255 259 263 246 222 142 143 143 142 428 PAPUA NEW GUINEA (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SAIMNNARIf DBEEF D'k \ TOTAL DEBT STOCKS (EDT) 719 2,594 2,774 3,789 3,269 2,792 2,513 2,354 2,273 Long-term debt (LDOD) 209 624 2,461 2,596 3,318 2,960 2,678 2,386 2,269 2,071 Public and publicly guaranteed 36 486 1,523 1,631 1,592 1,616 1,732 1,668 1,517 1,311 Private nonguaranteed 173 139 938 964 1,726 1,344 946 718 752 760 Use of IMF credit 0 31 61 61 59 44 16 50 51 48 Short-term debt .. 64 72 117 412 264 99 78 34 154 of which interest arrears on LDOD 0 0 0 0 0 0 0 0 0 Official creditors ..0 0 0 0 0 0 0 0 0 Private creditors ..0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOGD. 0 0 0 0 0 0 0 0 0 Official creditors ..0 0 0 0 0 0 0 0 0 Private creditors ..0 0 0 0 0 0 0 0 0 Memo: export credits ... 223 375 610 556 554 371 354 494 TOTAL DEBT FLOWS Disbursements 154 150 681 455 1,093 248 489 247 298 229 Long-term debt 154 135 623 455 1.093 248 489 197 295 229 IMF purehases 0 15 58 0 0 0 0 5 1 3 0 Principal repayments 20 78 391 359 481 684 741 509 287 289 Long-term debt 20 72 388 359 481 669 710 493 287 289 IMF repurchases 0 7 3 0 0 15 31 16 0 0 Net flows on debt 134 72 197 141 907 -584 -417 -284 -32 60 of which short-term debt ... -93 46 295 -148 -165 -21 -44 120 Interest payments (TNT) 72 162 146 182 168 157 117 94 85 Long-term debt 10 52 156 133 162 143 144 ill 91 79 IMFecharges 0 1 0 6 4 3 2 1 2 2 Sbort-term debt .. 19 6 7 16 22 11 5 1 4 Net transfers on debt 0 35 -4 725 -752 -574 -401 -127 -25 Total debt service paid (TDS) .. 150 553 505 663 852 897 626 381 374 Long-term debt 30 123 544 492 642 812 854 604 378 368 IMF repurehases and charges 0 7 3 6 4 18 32 17 2 2 Short-term debt (interest only) .. 19 6 7 16 22 11 5 1 4 2. -%GCRFG ATE NE T RESOL- RC E F'L(, S A.ND 'NET' TItANSFEIb .ON-ER NET RESOURCE FLOWS 278 418 694 568 1,213 -206 7 875 502 325 Net flow of long-term debt (ex. IMF) 134 64 235 96 612 -421 -221 -297 9 -60 Foreign direct investment (net) 0 76 155 203 294 -2 -5 453 ill 200 Portfolio equity flows 0 0 00 0 0 0 450 187 0 Grants (excludIing technical coop.) 144 279 304 269 307 217 234 268 195 185 Memo: technical coop, grants 1 13 46 57 61 69 75 91 123 114 official net resource flows 149 313 491 398 343 242 215 308 207 183 private net resource flows 128 105 204 170 870 -448 -208 566 295 143 NET TRANSFERS 268 163 538 435 941 -464 -267 628 272 97 Inteicest uii logtco debt 10 52 150 133 162 143 144 itl 91 79 Profit remittances on FDI 0 204 0 0 110 115 130 136 139 150 Memo: official net transfers 149 306 450 351 291 183 158 246 151 131 private net transfers 118 -143 88 83 650 -647 -424 382 121 -34 3. %sI-J( 11R ECONOMIC AGCREG Ar[[S Gross national product (GNP) 626 2,488 3,098 3,63 3.905 4,743 5,101 4,797 4,890 4,036 Exports of goods & services (XGS) .. 1,089 1,488 1L856 2,337 2,945 2,909 3,014 2.994 2.490 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 1,561 1,719 2,267 2,434 2.342 2,356 2,415 2,753 3,019 International reser-ves (RES) .. 458 427 34S 260 166 120 267 607 381 Current account balance .. 289 -76 -157 95 646 569 674 313 4. l)EBT INDICATORS EDT /XGS (%) .. 66.0 174.4 149.5 162.2 111.0 96.0 83.4 78.6 91.3 EDT/ GNP% .. 28.9 83.7 75.7 97.0 68.9 54.7 52.4 48.1 56.3 TDS /XGS (% . 13.8 37.2 27.2 28.4 28.9 30.8 20.8 12.7 15.0 INT /XGS (% . 6.6 10.9 7.9 7.8 5.7 5.4 3.9 3.2 3.4 INTI'GNP(% .. 2.9 5.2 4.0 4.7 3.5 3.1 2.4 1.9 2.1 RES EDT% .. 63.7 16.5 12.4 6.9 5.1 4.3 10.6 25.8 16.8 RES/ MGS (months) 3-5 310 1-S 13 0.9 0.6 1 3 2_6 t .5 Short-term / EDT (%) .. 8.9 2.8 4.2 10.9 8.1 3.5 3.1 1.4 6.8 Concession al /EDTI (9) . 11.9 21.5 23.1 17.1 22.3 28.5 31.8 33.8 33.0 Multilateral / EDT (%) .. 21.2 29.5 31.6 22.2 26.0 32.9 37.3 36.5 35.3 429 PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 -5. LONG- r'ERM DEBIr DEBT OUTSTANDING (LDOD) 209 624 2,461 2,596 3,318 2,960 2,678 2,386 2,269 2,071 Public and publicly guaranteed 36 486 1,523 1,631 1,592 1,616 1,732 1,668 1,517 1,311 Official creditors 4 184 1,074 1,230 1,232 1,305 1,398 1,441 1,352 1.215 Multilateral 2 152 764 878 842 851 919 938 859 801 Concessional 1 79 359 408 392 398 438 449 426 395 Bilateral 2 32 310 353 390 454 479 503 493 414 Concessional 0 7 199 234 255 331 358 351 371 354 Private creditors 32 302 449 401 360 311 334 226 165 96 Bonds 0 85 37 36 32 31 30 0 0 0 Commercial banks 32 211 307 249 214 161 207 156 123 64 Other pTivate 0 6 105 116 114 119 97 70 42 3 1 Private nonguaranteed 173 139 938 964 1,726 1,344 946 718 752 760 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 173 139 938 964 1,726 1,344 946 718 752 760 Memo: IBRD 1 55 235 275 264 266 281 299 270 270 IDA 1 55 115 t14 III 109 109 108 105 101 DISBURSEMENTS 154 135 623 455 1,093 248 489 197 295 229 Public and publicly guaranteed 43 120 280 227 120 132 232 135 133 131 Official creditors 5 41 234 183 101 112 79 122 106 ill Multilateral 2 36 180 137 40 52 65 55 33 72 Concessional 1 20 74 59 15 27 40 19 7 1 1 Bilateral 4 4 55 46 60 59 13 67 73 39 Concessional 0 4 28 24 26 58 3 15 73 39 Private creditors 37 80 45 44 19 21 154 13 27 20 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 37 75 20 23 6 0 154 13 27 20 Other private 0 5 25 21 14 21 0 0 0 0 Private nonguar-anteed il1. 15 343 228 973 116 256 61 162 98 Bonds 0 0 0 0 0 0 0 0 0 0 Commcerial banks 1l1 15 343 228 973 116 256 61 162 98 Memo: IBRD 1 2 64 49 18 21 21 34 21 48 IDA 1 13 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 20 72 388 359 481 669 710 493 287 289 Public and publicly guaranteed 0 32 184 156 121 172 251 204 176 199 Official creditors 0 6 48 54 65 86 97 82 94 114 Multilateral 0 3 35 38 47 64 67 47 51 48 Concessional 0 1 15 16 17 30 31 7 7 7 Bilateral 0 3 13 16 18 22 31 35 43 66 Concessional 0 1 2 2 2 5 12 14 12 13 Private creditors 0 25 136 102 56 86 154 123 82 85 Bonds 0 8 0 4 4 5 5 32 0 0 Commercial banks 0 17 129 87 37 62 123 64 64 75 Other private 0 1 7 12 15 19 26 27 18 10 Private nonguaranteed 20 40 204 203 360 497 459 289 ill 91 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 20 40 204 203 360 497 459 289 ill 91 Memo: IBRD 0 2 14 15 20 23 24 27 30 28 IDA 0 0 1 1 2 2 2 2 22 NET FLOWS ON DEBT 134 64 235 96 612 -421 -221 -297 9 -60 Public and publicly guaranteed 43 89 96 71 -1 -40 -19 -69 -43 -68 Official creditors 5 34 186 129 36 25 -19 40 12 -2 Multilateral 2 33 145 99 -6 -12 -1 8 -18 25 Concessional 1 20 59 43 -2 -3 9 12 0 5 Bilateral 4 1 41 30 43 37 -17 32 30 -27 Concessional 0 4 26 23 24 53 -9 2 61 25 Private creditors 37 55 -91 -58 -37 -65 0 -109 -55 -65 Bonds 0 -8 0 -4 -4 -5 -5 -32 0 0 Commercial bank-s 37 58 -109 -63 -32 -62 3 1 -50 -37 -55 Other private 0 4 18 9 -1 2 -26 -27 -18 -10 Private nonguaranteed 91 -25 139 25 612 -381 -203 -228 52 8 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 91 -25 139 25 612 -381 -203 -228 52 8 Memo: IBRD 1 0 50 34 -2 -3 -4 7 -9 20 IDA 1 13 -1 -1 -2 -2 -2 -2 -2 -2 430 PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 7992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 10 52 156 133 162 143 144 III 91 79 Public and publicly guaranteed 1 30 86 78 78 84 79 82 73 63 Official creditors 0 7 40 47 52 59 57 63 56 52 Multilateral 0 6 27 32 37 38 38 44 37 34 Concessional 0 1 3 3 4 4 4 54 4 Bilateral 0 2 13 14 16 20 19 19 19 19 ConCeSSional 0 0 5 5 8 9 1 1 12 1 1 1 1 Private creditors 1 23 46 32 26 25 22 19 17 11 Bonds 0 7 3 3 3 3 3 2 0 0 Commercial banks 1 15 36 21 14 12 8 9 11 7 Other private 0 0 8 9 9 10 11 8 7 4 Private nonguaranteed 8 22 70 55 84 59 65 29 18 16 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 8 22 70 55 84 59 65 29 18 16 Memo: IBRD 0 4 15 18 20 20 20 22 20 18 IDA 0 0 1 1 1 1 1 1 1 1 NET TRANSFERS ON DEBT 124 12 79 -38 450 -564 -365 -407 -82 -139 Public and publicly guaranteed 41 59 10 -8 -79 -123 -98 -151 -116 -130 Official creditors 5 27 146 82 -16 -34 -76 -23 -44 -55 Multilateral 2 28 118 67 -43 -50 -40 -36 -56 -9 Concessional 1 19 56 40 -6 -7 5 8 -4 1 Bilateral 4 -1 28 15 27 17 -36 13 11 -46 Concessional 0 4 21 17 16 44 -20 -10 50 15 Private creditors 36 32 -137 -90 -63 -90 -22 -128 -72 -76 Bonds 0 -15 -3 -7 -7 -7 -8 -35 0 0 Commercial banks 36 43 -145 -84 -46 -75 23 -60 -48 -62 Other private 0 4 1 1 1 -10 -8 -37 -34 -24 -14 Private nonguaranteed 83 -47 69 -30 529 -440 -268 -256 34 -9 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 83 -47 69 -30 529 -440 -268 -256 34 -9 Memo: IBRD 1 -4 35 17 -22 -23 -24 -15 -29 1 IDA 1 12 -2 -2 -2 -3 -3 -3 -3 -3 DEBT SERVICE (LTDS) 30 123 544 492 642 812 854 604 378 368 Public and publicly guaranteed 1 61 270 234 199 256 330 286 250 261 Official creditors 0 14 88 100 117 145 154 145 150 166 Multilateral 0 9 62 70 84 103 105 91 89 81 Concessional 0 2 18 1 9 21 34 35 11 11 11 Bilateral 0 5 26 30 33 43 50 54 61 85 Concessional 0 1 7 7 10 14 23 26 23 24 Private creditors 1 48 182 134 82 ill 176 142 99 95 Bonds 0 15 3 7 7 7 8 35 0 0 Commercial banks 1 32 165 107 52 75 131 73 75 82 Other private 0 1 15 20 23 29 37 34 24 14 Private nonguaranteed 29 62 274 258 444 556 524 318 128 107 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 29 62 274 258 444 556 524 318 128 107 Memo: IBRD 0 6 28 33 40 44 45 49 50 47 IDA 0 0 2 2 2 3 3 3 3 3 UNDISBURSED DEBT 41 181 527 612 646 701 670 633 477 326 Official creditors 41 151 476 564 617 636 595 571 448 317 Private creditors 0 30 51 48 29 65 75 62 29 9 Memorandum items Concessional LDOD 1 86 558 641 647 729 796 800 797 749 Variable rate LDOD 173 271 1,339 1,343 2,075 1.661 1,399 1,146 1.089 1,019 Public sector LDOD 36 463 1,501 1,612 1,579 1,607 1,725 1,667 1,517 1,311 Private sector LDOD 173 162 960 984 1,739 1,354 952 718 752 760 6. CULRRENCV- (ONIPON)1 LION OF LONG-TERMN DEBT iPE RU'EN I I Deutsche mark 0.0 5.2 1.8 1.7 1.7 1.5 1.6 1.6 1.6 1.6 French franc 0.0 0.0 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 Japanese yen 0.0 4.4 20.4 22.9 25.8 30.0 24.8 21.3 23.9 25.9 Pound sterling 0.0 2.7 2.1 1.7 1.2 1.0 0.7 0.6 0.9 1.2 Swiss franc 0.0 5.8 1.5 1.4 1.3 0.0 0.0 0.0 0.0 0.0 U.S.dollars 2.8 35.0 27.3 22.8 22.0 19.6 20.7 19.4 18.9 18.8 Multiple currency 2.2 27.4 37.9 41.4 41.7 42.7 44.3 46.1 45.5 46.9 Special drawing rights 0.0 0.0 0.3 0.4 0.4 0.4 0.4 0.5 0.5 0.5 All other currencies 95.0 19.6 8.4 7.4 5.6 4.6 7.4 10.4 8.5 5.1 431 PAPUA NEW GUINEA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 D. )RTIRESITH I T.URIN(C;,s Total amount rescheduled 0 0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 PriDcipal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 PrivaLe 0 0 0 0 0 0 0 0 0 0 Interest rescheduledt 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 9 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 i4. DIEB I SI Ot -FL.01 REC(JNCI LIAI(N Total change in debt stocks ... 278 180 1,015 -520 -476 -279 -159 -82 Net flows on debt ... 197 141 907 -584 -417 -284 -32 60 Net change in interest arrears ...0 0 0 0 0 0 0 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 -9 0 Cross-currency valuation ... 105 50 -49 125 155 -15 -98 -129 Residual ... -24 -11 157 -62 -214 19 -19 -13 '.A% ER%(GE rERMSI OF NE%% COMMlII1NILN IS ALL CREDITORS Interest (%) 6.4 11.2 6.0 5.3 2.9 4.8 7.4 6.3 2.7 6.0 Maturity (years) 21.7 17.7 16.0 22.7 28.8 19.6 5.6 12.8 30.0 26.6 Grace period (years) 8.1 4.8 4.6 6.7 9.0 4.6 1.5 4.2 10.0 5.9 Grant element (%) 25.4 1.1 22.7 36.0 57.4 31.3 6.8 21.2 59.8 29.5 Official creditors Interest (%) 5.4 5.8 5.7 4.9 2.9 5.8 6.2 6.3 2.7 6.0 Maturity (years) 20.9 29.1 17.3 24.9 28.8 23.6 18.2 12.8 30.0 26.6 Grace period (years) 5.2 6.9 4.9 7.6 9.0 6.0 4.3 4.2 10.0 5.9 Grant element (%) 30.5 34.9 24.5 40.7 57.4 31.3 22.9 21.2 59.8 29.5 Private creditors Interest (%) 7.7 15.5 7.2 7.9 0.0 3.1 7.5 0.0 0.0 0.0 Maturity (years) 22.9 8.8 9.5 8.8 0.0 12.3 4.2 0.0 0.0 0.0 Grace period (years) 12.3 3.1 3.2 0.6 0.0 1.9 1.2 0.0 0.0 0.0 Grant element (%) 18.0 -25.1 13.4 7.0 0.0 31.2 4.9 0.0 0.0 0.0 Memorandum items Commitments 91 184 247 307 170 163 183 116 40 59 Official creditors 53 80 207 264 170 106 19 116 40 59 Private creditors 37 103 41 42 0 57 164 0 0 0 11). OTVR.%CTI IAL OBLIG.AfTONS ON) O)UT%TA'NDI (, LONG- F-ERN! DLB[r 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements ill 86 64 40 15 6 2 1 0 0 Prinicipal 219 194 179 182 179 171 163 151 146 67 Interest 70 64 60 55 49 43 39 33 27 22 Official creditors Disbursements 105 84 64 40 15 6 2 1 0 0 Principal 104 81 77 82 83 82 80 73 69 65 Interest 49 46 44 42 38 34 31 28 25 22 Bilateral creditors Disbursements 43 31 21 13 6 1 1 0 0 0 Principal 52 26 21 25 28 30 29 29 26 26 Interest 16 14 13 13 12 11 10 9 8 8 Multilateral creditors Disbursements 63 53 42 27 10 5 2 0 0 0 Principal 52 55 55 56 56 52 50 44 43 40 Interest 33 32 31 29 26 23 21 18 16 14 Private creditors Disbursements 6 2 1 0 0 0 0 0 0 0 Principal 115 113 103 100 96 89 84 78 77 Interest 22 19 16 13 11 9 8 6 3 1 Commercial banks Disbursements 6 2 1 0 0 0 0 0 0 0 Principal 9 9 9 9 8 8 8 1 1 1 Interest 3 2 2 2 1 1 1 1 1 1 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 106 104 94 9 1 88 82 76 76 76 0 Interest 19 16 14 12 10 8 7 5 2 0 432 PARAGUAY (USS million, lunless otherwise indica ted) 190 1980 1990 1991 1992 1993 1994 1995 1996 1997 L. _%UN1NlXRY DEBT DAT- TOTAL DEBT STOCKS (EDT) 955 2,104 2,065 1,632 1,596 1,984 2,240 2,162 2,053 Long-term debt (LDOD) 112 780 1,731 1,704 1,384 1,307 1,375 1,456 1,419 1,537 Public and publicly guaranteed 112 630 1,712 1,683 1,363 1,281 1,358 1,439 1,398 1,488 Private nonguaranteed 0 151 19 20 21 26 18 17 21 49 Useof IMF credit 0 0 0 0 0 0 0 0 0 0 Short-term debt 174 373 361 248 289 608 784 743 516 of which interest arrears on LDOD 0 115 120 30 28 28 8 10 11 Official creditors 0 29 39 13 17 18 4 6 6 Private creditors ..0 86 81 17 11 11 4 4 5 Memo: principal arrears on LDOD 2 321 332 100 94 76 64 56 63 Official creditors 0 61 92 25 32 17 16 13 24 Private creditors 1 259 241 75 62 59 48 43 39 Memo: export credits .. 501 617 307 213 211 194 125 121 TOTAL DEBT FLOWS Disbursements 14 206 77 136 128 100 148 216 176 335 Long-term debt 14 206 77 136 128 100 148 216 176 335 IMF purchases 0 0 0 0 0 0 0 0 0 0 Principal repayments 7 79 235 152 380 197 160 159 133 125 Long-teTrm debt 7 79 235 152 380 197 160 159 133 125 IMFErepurchases 0 0 0 0 0 0 0 0 0 0 Net flows on debt 7 127 -83 -33 -275 -55 308 253 -1 -18 of which short-term debt 75 -17 -23 43 319 196 -44 -228 Interest payments (INT) 66 90 107 246 88 96 129 107 103 Long-term debt 4 45 77 92 232 80 74 87 60 66 IMF charges 0 0 0 0 0 0 0 0 0 0 Short-term debt .. 22 13 15 15 9 22 42 47 37 Net transfers on debt 61 -173 -140 -521 -143 212 124 -108 -121 Total debt service paid (TDS) 145 325 258 626 286 256 288 240 228 Long-term debt 11 124 312 244 612 277 234 246 193 191 IMF repurchases and charges 0 0 0 0 0 0 0 0 0 0 Short-term debt (interest onlv) .. 22 13 15 15 9 22 42 47 37 2. %G(GPEG.ATE NET RESOURCE FLOW%S.AND 'NET TRLN-SFERS 'LONG-TERAD NET RESOURCE FLOWS 12 168 -75 87 -72 34 187 275 283 480 Net flow of long-term debt (ex. IMF) 7 127 -158 -16 -252 -98 -12 57 43 210 Foreign direct investment (net) 4 32 76 84 137 ill 180 184 220 250 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 1 10 7 19 43 21 19 34 21 20 Memo: technical coop. grants 7 21 40 47 65 68 64 73 63 65 official net resource flows 5 48 -142 57 -41 -26 50 114 82 207 private net resource flows 7 120 67 30 -31 61 138 160 201 273 NET TRANSFERS 4 70 -174 -27 -325 -71 83 153 181 369 Interest on long-term debt 4 45 77 92 232 80 74 87 60 66 Profit remittances on FDI 5 54 22 22 22 25 30 35 42 45 Memo: official net transfers 2 31 -199 3 -151 -84 -12 43 25 148 private net transfers 1 38 25 -30 -174 14 95 109 157 221 3. MLAJOR ECONOMIC AGGREGA~TES Gross national product (GNP) 585 4,621 5,381 6,149 6,318 6,778 7,744 8,880 9,564 9,877 Exports of goods & services (XGS) 90 781 1.989 2,133 1,997 2,891 3,538 4,502 4,312 4,118 of which workers remittances 0 0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) 111 1,399 2,215 2,538 2,695 3,517 4,324 5,604 5,028 4,961 International reserves (RES) 18 783 675 975 573 645 1,030 1.040 882 796 Current account balance .. 277 -172 -324 -600 -834 -749 4. DEBT INDICATORS EDT!XGS (% . 122.2 105.8 96.8 81.7 55.2 56.1 49.7 50.1 49.8 EDT /GNP (% . 20.7 39.1 33.6 25.8 23.5 25.6 25.2 22.6 20.8 TDS /XGS (% . 18.6 16.3 12.1 31.3 9.9 7.2 6.4 5.6 5.5 INT/ XGS (% . 8.5 4.5 5.0 12.3 3.1 2.7 2.9 2.5 2.5 INT1 GNP (% . 1.4 1.7 1.7 3.9 1.3 1.2 1.5 1.1 1.0 RES EDT(% . 82.0 32.1 47.2 35.1 40.4 51.9 46.4 40.8 38.8 RES /MGS (months) 1.9 6.7 3.7 4.6 2.6 2.2 2.9 2.2 2.1 1.9 Short-term / EDT (%) .. 18.2 17.7 17.5 15.2 18.1 30.7 35.0 34.4 25.1 Concessional / EDT (% . 30.6 26.3 31.1 41.0 44.1 38.5 36.7 37.5 42.7 Multilateral / EDT (%) .. 20.2 34.8 34.9 42.5 43.0 35.8 34.7 37.7 43.1 433 PARAGUAY (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-rERMI DEBTr DEBT OUTSTANDING (LDOD) 112 780 1,731 1,704 1,384 1,307 1,375 1,456 1,419 1,537 Public and publicly guaranteed 112 630 1,712 1,683 1,363 1,281 1.358 1,439 1,398 1,488 Official creditors 83 409 1,182 1,250 1,139 1,124 1,223 1,320 1,307 1,409 Multilateral 45 193 733 720 693 687 711 777 816 884 Concessional 35 97 229 242 270 295 301 332 356 385 Bilateral 38 216 450 529 446 437 513 543 491 525 Concessional 29 195 325 401 399 409 463 491 454 491 Private creditors 30 221 530 434 224 158 134 119 91 79 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 105 263 202 87 55 46 49 42 35 Other private 28 116 267 232 138 103 89 71 49 44 Private nonguaranteed 0 151 19 20 21 26 18 17 21 49 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 151 19 20 21 26 18 17 21 49 Memo: IBRD 6 80 279 252 213 185 162 154 138 143 IDA 18 45 41 40 39 38 37 36 34 33 DISBURSEMENTS 14 206 77 136 128 100 148 216 176 335 Public and publicly guaranteed 14 158 77 130 124 88 148 216 166 301 Official creditors 7 55 50 116 95 76 142 204 166 291 Multilateral 4 40 31 44 55 58 73 129 136 166 Concessional 2 8 7 20 35 33 16 41 33 48 Bilateral 4 15 19 72 40 18 70 75 30 124 Concessional 3 11 18 72 29 11 47 72 30 116 Private creditors 7 103 27 14 28 12 6 12 0 10 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 33 2 0 2 3 3 12 0 0 Other private 5 69 25 14 27 9 2 0 0 10 Private nonguaranteed 0 48 0 6 5 12 0 1 10 34 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 48 0 6 5 12 0 1 10 34 Memo: IBRD 2 30 16 9 10 8 7 26 28 41 IDA 2 3 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 7 79 235 152 380 197 160 159 133 125 Public and publicly guaranteed 7 44 226 145 376 191 152 158 127 119 Official creditors 3 17 199 78 179 123 112 124 104 104 Multilateral 1 4 62 67 68 72 76 77 67 60 Concessional 1 1 6 7 7 9 10 10 9 8 Bilateral 3 13 137 10 ill 51 36 47 37 43 Concessional 1 9 21 10 26 25 32 39 26 36 Private creditors 4 27 27 67 197 68 41 34 23 16 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 17 10 31 90 32 15 10 5 6 Other private 3 10 18 36 107 36 26 24 18 10 Private nonguaranteed 0 36 9 7 4 6 8 1 6 6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 36 9 7 4 6 8 1 6 6 Memo: IBRD 0 2 40 40 42 42 43 41 34 26 IDA 0 0 1 1 1 1 1 1 1 2 NET FLOWS ON DEBT 7 127 -158 -16 -252 -98 -12 57 43 210 Public and publicly guaranteed 7 114 -149 -15 -252 -103 -4 58 38 182 Official creditors 4 38 -149 38 -84 -47 31 81 61 187 Multilateral 3 36 -31 -24 -13 -14 -3 52 69 106 Concessional 2 6 1 13 28 25 6 31 24 39 Bilateral 1 2 -118 62 -72 -33 34 28 -8 81 Concessional 2 2 -3 62 2 -14 15 32 4 80 Private creditors 3 76 0 -53 -168 -56 -35 -23 -23 -5 Bonds 0 0 0 0000 0 00 Commercial banks 2 16 -7 -31 -88 -28 -11 2 -5 -6 Other private 2 60 8 -22 -80 -28 -24 -24 -18 0 Private nonguaranteed 0 13 -9 -1 1 6 -7 -1 4 28 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 13 -9 -1 1 6 -7 -1 4 28 Memo: IBRD 1 29 -24 -31 -32 -34 -36 -16 -6 15 IDA 2 3 -1 -1 -1 -1 -1 -1 -1 -2 434 PARAGUAY (US$ millionz, uniless otherwise indicated) 1970 19810 1990) 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 4 45 77 92 232 80 74 87 60 66 Public and publicly guaranteed 4 35 77 92 231 79 74 87 60 63 Official creditors 3 17 57 54 110 58 62 71 57 60 Multilateral I 10 47 45 42 41 42 41 38 40 Concessional 1 1 4 5 5 5 6 6 7 6 Bilateral 1 7 1 1 9 68 17 20 30 19 19 Concessional 1 5 10 9 17 15 1 8 22 16 17 Private creditors 1 18 20 38 121 21 12 1 6 3 3 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 12 2 16 66 9 3 2 1 2 Other private 1 7 18 21 56 1 3 10 14 2 Private nonguaranteed 0 9 0 0 0 1 0 0 0 3 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 9 0 0 0 1 0 0 0 3 Memo:- IBRD 0 6 25 23 21 1 9 16 15 Il1 10 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 4 82 -235 -108 -483 -178 -86 -30 -17 144 Public and publicly guaranteed 4 79 -226 -107 -484 -183 -78 -29 -21 119 Official creditors 1 22 -206 -16 -194 -105 -31 9 4 127 Multilateral 2 26 -78 -69 -55 -55 -45 1 1 31 66 Concessional 1 5 -3 9 23 19 0 224 1 8 33 Bilateral 0 -5 -128 5 2 -140 -50 1 4 -2 -26 62 Concessional 2 -4 -13 5 2 -15 -29 -3 1 1 -12 63 Private creditors 3 57 -20 -91 -290 -77 -47 -39 -26 -9 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 4 -10 -48 -154 -37 -14 0 -6 -8 Other private 1 53 -10 -43 -136 -40 -33 -39 -20 -1 Private nonguaranteed 0 4 -9 -1 0 5 -7 -1 4 25 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 4 -9 -l 0 5 -7 -1 4 25 Memo: IBRD I 23 -49 -55 -52 -53 -5 2 -30 -18 5 IDA 2 -1 -1 -t -1 -1 -2 -2 -2 DEBT SERVICE (LTDS) 11 124 312 244 612 277 234 246 193 191 Public and publicly guaranteed 11 79 303 237 607 270 226 245 187 182 Official creditors 6 34 256 132 289 181 173 195 161 163 Multilateral I 14 109 112 110 113 117 118 105 101 Concessional 1 3 9 12 12 14 16 17 16 15 Bilateral 4 20 147 20 179 68 56 77 56 63 Concessional 2 15 30 20 43 40 50 61 41 53 Private creditors 5 45 47 105 318 89 53 50 26 19 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 29 12 48 156 40 17 11 6 8 Other private 4 16 35 57 163 49 36 39 20 1 1 Private nonguaranteed 0 45 9 7 4 7 8 1 6 9 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 45 9 7 4 7 8 1 6 9 Memo: IBRD 1 7 65 64 62 61 59 56 45 36 IDA 0 1 1 1 1 1 1 2 2 2 UNDISBURSED DEB1T 47 567 563 374 726 815 1,029 1,169 1,040 967 Official creditors 41 423 455 334 711 809 1,029 1,168 1,040 966 Private creditors 5 145 107 40 15 6 1 1 1 1 Memorandum items Concessional LDOD 64 292 553 642 669 703 764 823 810 876 Variable rate LDOD 0 213 287 208 142 125 123 150 182 299 Public sector LDOD 110 628 1,712 1,683 1,363 1,281 1,358 1,439 1,398 1L488 Private sector LDOD 2 152 19 20 21 26 18 17 21 49 6. C1L1RRENCY COMPOSITION OF LONG-TERMI DEBT (PERC'ENT'i Deutsche mark 11.4 9.4 11.5 10.3 10.8 10.0 10.1 9.1 6.6 5.9 French franc 0.0 0.3 10.5 10.6 6.4 4.5 3.6 2.8 2.5 1.8 Japanese yen 0.0 5.0 15.6 17.4 19.2 20.9 23.9 22.9 21.7 20.6 Pound sterling 0.3 0.6 2.0 1.8 0.5 0.4 0.3 0.3 0.3 0.2 Swiss franc 0.0 0.1 0.3 0.1 0.1 0.1 0.1 0.1 0.1 0.1 U.S.dollars 66.4 56.2 17.2 17.3 18.0 19.8 22.1 28.2 34.3 41.7 Multiple currency 19.7 22.9 37.9 37.1 42.7 43.2 38.8 35.0 32.2 27.8 Special drawing rights 0.0 0.0 0.8 0.7 0.8 0.8 0.8 0.7 1.4 1.2 All other currencies 2.2 10.9 4.2 4.5 1.4 0.2 0.2 1.0 0.9 0.7 435 PARAGUAY (US$ million, unless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1, DEBT 'RES%1RI CTU'RIN(.S Total amount rescheduled 0 0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest Teschedule-d00 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debr forgiven ... 16 38 28 2 0 0 0 0 Memno: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction 0 0 436 0 2 0 0 0 0 0 of which debt buyback 0 0 i11 0 0 0 0 0 0 0 S~. D[:Bl ISTOCK-FLO%% REC( NCI LU [`IO'N Total change in debt stocks ... -277 -39 -433 -36 388 256 -78 -109 Net flows on debt ... -83 -33 -275 -55 308 253 -1 -18 Net change in interest arrears ... 37 5 -90 -2 0 -21 3 1 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ... -340 -38 -30 -2 0 0 0 0 Cross-currency valuation ... 688 11 -37 12 62 -2 -68 -69 Residual ... 579 16 -1 11 18 26 -12 -23 9. .XNER.AGli I-ERNIS OF1 Nl%V C(ONINIFT'%IENT S ALL CREDITORS Interest (%) 5.7 7.0 3.5 0.0 7.3 4.9 5.1 5.6 7.4 7.1 Maturity (years) 24.9 24.2 34.4 0.0 21.9 27.1 21.6 19.0 9.1 14.9 Grace period (years) 5.5 6.6 10.1 0.0 5.6 6.9 7.1 5.5 3.9 4.4 Grant element (%) 33.1 25.2 53.9 0.0 18.6 38.2 34.8 28.1 10.8 15.9 Offlcial creditors Interest (%) 4.9 5.4 3.5 0.0 7.3 4.8 5.1 5.5 7.4 7.1 Maturity (years) 28.5 27.9 34.4 0.0 22.1 27.4 21.6 19.3 9.1 15.3 Grace period (years) 6.3 7.2 10.1 0.0 5.7 6.9 7.1 5.6 3.9 4.5 Grant element (%), 39.0 36.9 53.9 0.0 18.8 38.9 34.8 28.8 10.8 16.2 Private creditors Interest (%) 10.1 13.0 0.0 0.0 9.8 8.3 0.0 7.9 0.0 7.1 Maturity (years) 5.3 10.5 0.0 0.0 3.7 8.1 0.0 9.8 0.0 6.0 Grace period (years) 1.4 4.6 0.0 0.0 0.7 3.1 0.0 2.2 0.0 0.5 Grant element (%) -0.2 -18.2 0.0 0.0 0.4 6.3 0.0 7.8 0.0 7.0 Memoirandum items Commitments 14 99 117 0 483 175 338 364 74 252 Official creditors 12 78 117 0 478 171 338 352 74 242 Private creditors 2 21 0 0 5 3 0 12 0 10 Ill. CONI RNCI LAI.. OHLIC.A I IONS (IN (WI IlANDING LO(ING- I lR-Nl DLB I 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 287 252 173 106 64 37 22 11 7 4 Principal 145 144 188 205 151 146 143 138 148 116 Interest 87 94 95 89 83 77 70 63 56 48 Official creditors Disbursements 287 252 173 106 64 37 22 11 7 4 Principal 126 130 177 194 142 138 136 132 143 116 Interest 82 90 92 86 82 76 69 63 56 48 Bilateral creditors Disbursements 49 38 24 14 8 4 2 0 0 0 Principal 45 37 45 45 42 39 40 40 34 33 Interest 21 20 19 17 15 14 12 11 10 8 Multilateral creditors Disbursements 237 214 149 91 57 33 20 11 7 4 Principal 80 93 133 148 100 99 96 92 109 83 Interest 61 71 73 69 66 62 57 52 46 40 Private creditors Disbursements 1 0 0 0 0 0 0 0 0 0 Principal 20 14 1 1 1 1 9 9 7 6 5 0 Interest 5 4 3 2 2 1 1 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 2 2 2 2 1 1 1 1 0 0 Interest 1 1 1 0 0 0 0 0 0 0 Other private Disbursements 1 0 0 0 0 0 0 0 0 0 Principal 18 12 9 9 7 7 6 6 5 0 Interest 4 3 2 2 1 1 1 0 0 0 436 PERU (US$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. St'!MIMARY DEBT DATA TOTAL DEBT STOCKS (EDT) 9,386 20,064 20,713 20,335 23,570 26,525 30,850 29,342 30,496 Long-term debt ([DOD) 2,655 6,828 13,959 15,657 15,805 16,946 18,851 20,213 21,958 22,653 Public and publicly guaranteed 856 6,218 13,629 15,439 15,577 16,382 17,678 18,925 20,580 20,177 Private noniguaraniteed 1,799 610 330 218 228 564 1,173 1,288 1,378 2,476 Use of IMF credit 10 474 755 706 631 883 938 955 924 1,011 Short-term debt -. 2,084 5,350 4,350 3,899 5,742 6,736 9,681 6,459 6,832 of which interest arrears on LDOD ..0 3,733 2,431 1,793 4,090 4,450 4,606 221 178 Official creditors 0 1,386 594 481 252 210 211 138 129 Private creditors 0 2,347 1,837 1,313 3,838 4,239 4,395 83 49 Memo: principal arrears on LDOD 0 8,345 5,641 4,739 4,088 4,148 4,166 862 735 Official creditors 0 3,215 1,754 1,675 1,023 1,017 1,018 699 652 Private creditors 0 5,130 3,887 3,064 3,065 3,131 3,147 163 84 Memo: export credits 4.632 6,782 6,656 6,463 6,428 5,775 5,183 4,427 TOTAL DEBT FLOWS Disbursements 405 1,452 291 533 699 2,723 1,223 880 802 2,981 Long-term debt 387 1,308 291 533 699 1,826 1,223 880 802 2,760 IMF purchases 18 145 0 0 0 897 0 0 0 221 Principal repayments 360 1,187 229 627 539 1,620 600 519 1,227 1,499 Long-term debt 333 1.019 166 579 490 980 600 519 1,227 1,425 IMF repurchases 27 168 63 48 49 641 0 0 0 74 Net flows on debt 45 265 128 208 347 649 1,257 3,150 738 1,898 of which short-term debt 66 302 187 -454 634 2,789 1.164 416 Interest payments (INT) 964 246 524 464 1,138 542 721 1,705 1,438 Long-term debt 162 670 91 370 313 778 392 484 1,307 1,004 IMF charges 0 35 74 23 51 266 47 52 41 47 Short-term debt .. 259 82 132 101 94 102 184 356 387 Net transfers on debt -699 -118 -316 -117 -489 715 2,429 -966 460 Total debt service paid (TDS) -- 2,151 475 1,152 1,003 2,758 1,142 1,240 2,931 2,936 Long-term debt 495 1,689 257 949 803 1,758 993 1,003 2,534 2,429 IMF repurchases and charges 27 202 137 71 100 906 47 52 41 121 Short-term debt (interest only) .. 259 82 132 101 94 102 184 356 387 2. A(,GRE(ATlE 'NET RESOI R( E I-LOWS XND %ET TRANSFERJS iLONG-TERNII NET RESOURCE FLOWS 2 347 346 198 583 2,978 4,909 4,243 5,779 4,279 Net flow of long-term debt (ex. IMF) 54 289 126 -46 209 846 623 361 -425 1.335 Foreign direct investment (net) -70 27 41 -7 136 670 3,084 2,000 3,226 2,030 Portfolio equity flows 0 0 0 0 0 1,226 977 1,611 2,740 692 Grants (excluding technical coop.) 18 31 180 251 238 236 226 271 239 222 Memo: technical coop. grants 13 64 128 126 115 134 180 189 205 239 official net resource flows 54 414 288 270 544 904 388 588 280 1,184 private net resource flows -52 -67 59 -72 39 2,074 4,521 3,655 5,500 3,094 NET TRANSFERS -233 -580 245 -205 215 2,139 4,436 3,660 4,222 3,025 Interest on long-term debt 162 670 91 370 313 778 392 484 1,307 1.004 Profit remittances, on FDt 73 256 1 0 34 56 61 80 99 250 250 Memo: official net transfers 37 262 237 -61 286 173 43 194 -163 675 private net transfers -270 -842 8 -144 -72 1,965 4,394 3,466 4,385 2,350 3. M-MOR ECONOMIC -AGGREGATES Gross national product (GNP) 7,119 19.700 31,822 27,299 40,782 39.837 48,486 57,059 59,406 60.872 Exports of goods & services (XGS) .. 4,832 4,437 4,643 4,945 4,839 6,380 7.710 8,330 9,500 of which workers remittances ..0 122 186 244 276 375 408 404 416 Imports of goods & services (MGS) .. 5,080 6,015 6,426 7,249 7,359 9,304 12,236 12,235 13,172 International reserves (RES) 339 2.804 1,891 3,090 3,456 3,918 7,420 8,653 10,990 11,306 Current account balance .. 101 -1,384 -1,510 -2,101 -2,302 -2,662 -4,314 -3,619 -3,407 4. DLBT I1NDItA.TORS EDT/XGS (% . 194.2 452.2 446.1 411.2 487.1 415.8 400.1 352.2 321.0 EDT/GNP% .. 47.6 63.0 75.9 49.9 59.2 54.7 54.1 49.4 50.1 TDS XGS (% . 44.5 10.7 24.8 20.3 57.0 17.9 16.1 35.2 30.9 INT/XGS (% . 19.9 5.6 11.3 9.4 23.5 8.5 9.3 20.5 15.1 INT /GNP 1% . 4.9 0.8 1.9 1.1 2.9 1.1 1.3 2.9 2.4 RES /EDT (% . 29.9 9.4 14.9 17.0 16.6 28.0 28.0 37.5 37.1 RES /MGS (months) .. 6.6 3.8 5.8 5.7 6.4 9.6 8.5 10.8 10.3 Short-term / EDT (%) .. 22.2 26.7 21.0 19.2 24.4 25.4 31.4 22.0 22.4 Concessional / EDT (% . 14.4 9.2 17.6 19.7 19.4 19.6 18.1 19.3 17.8 Multilateral ' EDT (%) .. 5.5 11.0 9.1 10.2 11.6 12.0 12.1 12.2 13.8 437 PERU (US$ million, uinless otherwise indicoted) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. L.ONG-TERNI DEBTI DEBT OUTSTANDING (LDOD) 2,655 6,828 13,959 15,657 15,805 16,946 18,851 20,213 21,958 22,653 Public and publicly guaranteed 856 6,218 13,629 15,439 15,577 16,382 17,678 18,925 20,580 20,177 Official creditors 373 3,123 6,589 10.329 11,541 12,493 13,908 15.222 15,042 15,463 Multilateral 148 514 2,199 1,884 2,081 2,743 3,187 3.718 3,583 4,205 Concessional 0 36 185 164 155 164 158 142 139 124 Bilateral 225 2,610 4,390 8,445 9.460 9,751 10,722 11,505 11,459 11,258 Concessional 112 1,318 1,653 3,481 3,848 4,417 5,047 5,455 5,528 5,292 Private creditors 483 3,095 7.040 5,110 4.036 3,889 3,770 3,703 5,539 4,714 Bonds 22 2 1 1 0 0 0 0 4,873 4,130 Commercial banks 148 1,694 3,159 3,147 3,120 3,075 3.056 3,040 122 98 Other private 314 1,399 3,881 1,962 915 814 714 663 544 486 Private nonguaranteed 1,799 610 330 218 228 564 1,173 1,288 1,378 2,476 Bonds 0 0 0 0 0 0 60 60 60 0 Commercial banks 1.799 610 330 218 228 564 1,113 1,228 1,318 2,476 Memo: IBRD 125 359 1,188 1,100 956 1,369 1,554 1,729 1,633 1,920 IDA 0000 0 0 0 0 0 0 DISBURSEMENTS 387 1,308 291 533 699 1,826 1,223 880 802 2,760 Public and publicly guaranteed 148 1,248 291 533 631 1,516 613 725 652 1,483 Official creditors 59 664 189 451 617 1,484 609 720 648 1,425 Multilateral 18 209 38 39 473 1,312 500 631 284 1,087 Concessional 0 10 10 6 11 20 5 3 5 3 Bilateral 41 455 150 411 144 172 109 89 364 338 Concessional 8 232 94 379 138 152 79 26 356 218 Private creditors 88 584 103 83 14 32 4 5 4 58 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 248 69 64 3 0 0 0 0 0 Other private 85 336 34 1 9 11 32 4 5 4 58 Private nonguaranteed 240 60 0 0 68 310 610 155 150 1,278 Bonds 0 0 0 0 0 0 60 0 0 0 Commercial banks 240 60 0 0 68 310 550 155 150 1,278 Memo: IBRD 10 140 0 0 0 975 171 203 108 490 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 333 1,019 166 579 490 980 600 519 1,227 1,425 Public and publicly guaranteed 100 959 112 504 432 933 559 479 1,167 1,245 Official creditorS 23 281 81 431 311 816 447 403 607 462 Multilateral I1 t 24 24 359 214 662 195 201 194 231 Concessional 0 0 3 28 19 11 13 22 16 16 Bilateral 12 257 57 72 96 154 252 202 412 232 Concessional 3 48 6 6 15 18 132 56 42 74 Private creditors 77 678 31 72 122 117 113 76 560 783 Bonds 7 0 0 0 1 0 0 0 0 742 Commercial banks 25 445 9 26 44 37 37 28 540 24 Other private 46 233 22 46 76 80 76 48 20 16 Private nonguaranteed 233 60 54 76 58 47 41 40 60 180 Bonds 0 0 0 0 0 0 0 0 0 60 Commercial banks 233 60 54 76 58 47 41 40 60 120 Memo: IBRD 8 15 0 94 94 574 80 86 79 65 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON I)EBT 54 289 126 -46 209 846 623 361 -425 1,335 Public and publicly guaranteed 48 289 180 30 199 583 54 246 -515 238 Official creditors 36 383 108 1 9 306 668 162 317 41 963 Multilateral 7 185 14 -320 259 650 305 429 90 856 Concessional 0 t0 7 -22 -8 9 -8 -18 -11 -13 Bilateral 29 198 94 339 47 18 -143 -113 -49 107 Concessional 5 184 89 373 123 134 -54 -29 314 144 Private creditors I11 -94 72 1 1 -107 -85 -109 -71 -556 -725 Bonds -7 0 0 0 -1 0 0 0 0 -742 Commercial banks -22 -197 60 38 -41 -37 -37 -28 -540 -24 Other private 40 103 12 -28 -65 -48 -72 -43 -16 41 Private nonguaranteed 7 0 -54 -76 10 263 569 115 90 1,098 Bonds 0 0 0 0 0 0 60 0 0 -60 Commercial banks 7 0 -54 -76 10 263 509 115 90 1,158 Memo: IBRD 2 125 0 -94 -94 401 9 1 116 29 425 IDA 0 0 0 0 0 0 0 a 0 0 438 PERU (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 162 670 91 370 313 778 392 484 1,307 1,004 Public and publicly guaranteed 43 547 66 351 299 762 370 413 1,218 843 Official creditors 17 152 51 332 258 731 346 394 443 510 Multilateral 8 33 27 300 190 574 212 245 252 271 Concessional 0 1 3 10 4 4 6 7 5 4 Bilateral 9 118 24 31 68 157 134 150 191 239 Concessional 3 27 7 13 28 57 95 74 71 76 Private creditors 26 395 16 19 41 32 25 19 776 333 Bonds 1 0 0 0 0 0 0 0 0 318 Commercial banks 12 273 8 8 1 7 15 13 10 771 10 Other private 13 122 7 1 1 23 1 7 12 9 5 5 Private nonguaranteed 119 124 25 19 14 16 22 71 89 161 Bonds 0 0 0 0 0 0 1 6 6 4 Commercial banks 119 124 25 19 14 16 21 65 83 157 Memo: IBRD 7 24 0 83 100 483 109 118 116 117 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -108 -382 35 -415 -104 68 230 -124 -1,733 332 Public and publicly guaranteed 4 -258 114 -321 -100 -179 -317 -167 -1,733 -605 Official creditors 20 231 57 -312 48 -63 -183 -78 -401 453 Multilateral -1 152 -13 -620 69 76 93 185 -162 586 Concessional 0 9 4 -33 -13 5 -13 -25 -16 -17 Bilateral 21 80 70 308 -21 -139 -277 -262 -239 -132 Concessional 3 157 81 360 95 77 -148 -103 244 69 Private creditors -15 -490 56 -8 -148 -117 -133 -90 -1,332 -1,058 Bonds -8 -1 0 0 -1 0 0 0 0 -1,060 Commercial banks -34 -470 52 31 -59 -52 -50 -38 -1,311 -34 Other private 27 -19 5 -39 -88 -65 -84 -52 -21 37 Private nonguaranteed -112 -124 -79 -95 -4 247 547 44 1 937 Bonds 0 0 0 0 0 0 59 -6 -6 -64 Commercial banks -112 -124 -79 -95 -4 247 488 50 7 1,001 Memo: IBRD -5 101 0 -178 -194 -82 -18 -2 -87 308 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 495 1,689 257 949 803 1,758 993 1,003 2,534 2,429 Public and publicly guaranteed 144 1,506 178 854 731 1,695 930 892 2,385 2,088 Official creditors 40 433 131 763 569 1.546 792 797 1,049 972 Multilateral 19 58 51 660 404 1,236 406 446 446 501 Concessional 0 1 6 38 23 15 18 28 21 20 Bilateral 21 375 81 103 165 310 386 351 603 471 Concessional 5 75 13 19 43 75 227 129 112 I50 Private creditors 104 1,073 46 91 162 149 137 95 1,336 1,116 Bonds 8 1 0 0 1 0 0 0 0 1,060 Commercial banks 37 718 17 33 62 52 50 38 1,311 34 Other private 59 355 29 58 100 97 88 57 25 21 Private nonguaranteed 352 184 79 95 72 63 63 ill 149 341 Bonds 0 0 0 0 0 0 1 6 6 64 Commercial banks 352 184 79 95 72 63 62 105 143 277 Memo: IBRD 15 39 0 178 194 1,057 189 205 195 182 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 238 2,397 1,511 1,509 2,084 1,136 1,611 1,738 2,795 2,262 Official creditors 166 1,126 865 1,033 2,057 1,129 1,592 1.726 2,787 2,261 Private creditors 72 1,272 646 476 27 7 18 12 8 1 Memorandum items Concessional LDOD 112 1,353 1,838 3,644 4,003 4,580 5,205 5,597 5,667 5,416 Variable rate LDOD 1,799 2,130 4,626 6,438 7,079 8,115 9,220 9,970 11,902 13,024 Public sector LDOD 840 6,200 13,583 15,429 15,570 16,376 17,672 18,919 20,580 20,177 Private sector LDOD 1,816 628 376 228 235 570 1,179 1,294 1,378 2,476 6. CURRI'SCI COMPOSITION OiF LO(-N(.-TFRM.% DEBY (PER( EN'Ti Deutsche mark 13.9 6.6 5.0 4.6 4.5 4.1 4.4 4.4 3.5 3.2 French franc 1.1 4.2 9.3 10.2 9.4 8.6 9.1 9.7 8.6 7.7 Japanese yen 0.0 10.9 6.3 9.8 10.4 12.7 14.3 14.6 12.5 12.1 Pound sterling 0.9 2.0 0.9 1.4 1.1 1.1 1.2 1.2 1.2 1.3 Swiss franc 0.1 1.4 1.5 1.4 1.3 1.2 1.2 1.2 0.8 0.8 U.S.dollars 59.0 44.1 48.0 43.7 47.2 46.1 43.6 41.9 50.0 52.5 Multiple currency 17.0 7.5 15.1 11.5 10.0 12.1 12.5 13.3 11.8 11.5 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 All other currencies 8.0 23.5 13.7 17.4 16.2 14.0 13.7 13.6 11.7 10.8 439 PERU (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBTI RESTl RUCT RING S Total amount rescheduled 117 0 5,016 1,584 632 712 919 5,832 806 Debt stock rescheduled 0 0 0 0 0 0 0 2.489 0 Principal rescheduled 0 0 3,497 1.093 230 277 304 430 329 Official 0 ..0 1,534 148 179 230 284 339 235 Private 0 ..0 1,963 945 51 48 20 91 94 Interest reschedlu led 0 ..0 1,519 490 401 419 516 2,813 477 Official 0 ..0 736 71 387 410 511 498 393 Private 0 ..0 783 419 14 10 4 2.316 84 Debt forgiven ...0 2 48 0 0 0 32 3 Memo: interest forgiven ...0 1 24 0 0 0 758 Debt stock reduction 0 ..0 0 0 0 0 0 2,150 0 of which debt buyback 0 ..0 0 0 0 0 0 944 0 S. DLHI I I O(I K-Fl Oflh REt O%(IIA- \ TIlo' Total change in debt stocks ... 338 649 -378 3,236 2.955 4,324 - 1.508 1,154 Net flows on debt ... 128 208 347 649 1.257 3,150 738 1,898 Net change in interest arrears ... 460 -1,302 -638 2,297 360 156 -4,385 -43 Interest capitalized ...0 1,519 490 401 419 516 2,813 477 Debt forgiveness or reduction ...0 -2 -48 0 0 0 -1.238 -3 Cross-currency valuation ... 716 33 -490 -261 891 381 -742 -1,031 Residual ... 182 193 -39 151 28 122 1,306 -143 9. wVFR-A( IER%IS O)F \EWl CORIMlI1IiMENiS ALL CREDITORS Interest (Ta) 7.4 9.4 6.7 5.6 7.2 6.5 6.9 6.2 4.6 5.8 Maturity (years) 13.3 12.2 8.5 24.7 20.1 21.0 18.4 17.4 22.9 19.6 Grace period (years) 4.3 3.5 2.1 7.6 5.6 5.2 4.5 4.6 6.5 5.4 Grant element (%) 11.8 5.5 13.1 33.7 17.8 21.9 18.7 23.3 38.8 27.8 Official creditors Interest 1%) 7.2 7.5 7.1 5.6 7.2 6.5 6.9 6.2 4.6 5.8 Maturity (years) 13.8 15.3 9.1 24.7 20.1 21.3 18.5 17.4 22.9 20.2 Grace period (years) 4.5 4.3 2.4 7.6 5.6 5.2 4.5 4.6 6.5 5.5 Grant element (%) 12.6 18.6 14.0 33.7 17.8 22.2 18.8 23.3 38.8 28.5 Private creditors Interest (%) 8.7 10.7 5.5 0.0 0.0 7.5 7.7 0.0 0.0 6.0 Maturity (years) 9.2 10.3 6.7 0.0 0.0 6.5 7.3 0.0 0.0 4.0 Grace period (years) 2.0 3.0 1.3 0.0 0.0 2.0 2.3 0.0 0.0 1.0 Grant element (%) 4.8 -3.2 10.5 0.0 0.0 7.6 7.5 0.0 0.0 8.0 Memorandum items Commitments 125 1,614 179 849 1.801 714 1,081 930 1.797 1,536 Official creditors 112 643 137 849 1.801 703 1,065 930 1.797 1,486 Private creditors 13 971 43 0 0 12 16 0 0 50 10. CONi R.*NCTL'AL ORBI-I" -%TIONS ON OUFI s NDING LONC-T RMi DEBT1 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAIL Disbursements 572 639 420 254 147 100 65 28s 22 12 Principal 621 709 804 840 922 1,096 1,184 1,257 1,301 1,388 Interest 1,018 1,298 1,290 1,229 1,173 1,091 1,~000 900 799 735 Ofricial creditors Disbursements 571 639 420 254 147 100 65 28 22 12 Principal 439 524 637 684 732 871 921 959 1,004 1,057 Interest 695 976 970 917 845 766 680 591 502 412 Bilateral creditors Disbursements 159 191 124 80 45 22 11 0 0 0 Principal 177 202 283 322 340 478 524 584 648 715 Interest 382 655 649 610 556 499 437 373 308 241 Multilateral creditors Disbursements 413 448 295 174 102 78 54 22212 Principal 262 322 354 362 392 393 397 376 357 342 Interest 313 321 321 308 289 267 243 218 195 171 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 182 186 167 156 191 224 263 297 297 332 Interest 323 322 320 312 328 325 321 309 297 323 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 24 22 1 1 0 2 2 2 2 2 2 Interest 8 7 5 5 5 4 4 4 4 3 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 159 163 157 156 189 222 261 295 295 330 Interest 315 316 315 308 324 321 316 305 293 319 440 PHILIPPINES (US$ million. unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUIMMARN DEBT DATA% TOTAL DEBT STOCKS (EDT) . 17,417 30,580 32,451 33,005 35,936 39,412 37,829 40,145 45,433 Long-term debt (LDOD) 1,544 8,817 25,241 26,421 26,649 29,691 32,632 31,823 31,770 32,784 Public and publicly guaranteed 625 6,363 24,040 25,058 25,618 27,482 29,687 28,292 26,868 25,950 Private nonguaranteed 919 2,454 1,201 1,362 1,030 2,210 2,945 3,531 4,902 61834 Use of IMF credit 69 1,044 912 1,086 1,100 1,210 1,064 728 405 855 Short-term debt 7,556 4,427 4,944 5,256 5,035 5,716 5,279 7,969 11,794 of which iiterest arreaTs on LDOD ..0 52 117 0 0 0 0 0 0 Official creditors ..0 5 27 0 0 0 0 0 0 Private creditors ..0 48 90 0 0 0 0 0 0 Memo: principal arrears on LDOD ..1 182 227 3 0 0 0 0 0 Official creditors ..0 13 11 0 0 0 0 0 0 Private creditors ..1 169 216 3 0 0 0 0 0 Memo: export credits ..4,366 5,124 5,948 7,660 8,412 8,309 7,734 9J153 TOTAL DEBT FLOWS Disbursements 444 2,300 2,516 2,586 2,976 4,427 3,354 2,851 5,023 5,800 Long-term debt 416 1,854 2,516 2,129 2,763 4,250 3,302 2,851 5,023 5,100 IMF purchases 28 446 0 457 213 177 52 0 0 700 Principal repayments 262 686 1,818 1,774 2,791 2,766 2,520 3,099 3,192 2,341 Long-term debt 260 541 1,473 1,479 2,637 2,702 2,250 2,737 2,891 2,125 IMF repurchases 3 145 345 295 155 64 270 363 301 216 Net flows on debt 182 1,614 1,123 1,264 614 1,440 1,515 -685 4,521 7,284 of which short-term debt ... 425 452 429 -221 681 -437 2,690 3,825 Interest payments (INT) ., 1,496 1,772 1,625 1,510 2,141 2,112 2,249 2,165 2,201 Long-term debt 44 579 1,573 1,457 1,334 1,759 1,646 1,844 1,659 1,702 IMF charges 0 42 99 95 82 73 62 55 27 24 Short-term debt .. 875 100 73 94 309 403 351 478 474 Net transfers on debt .. 118 -649 -360 -897 -701 -597 -2,935 2,356 5,084 Total debt service paid (TDS) ., 2,183 3,590 3,398 4,302 4,907 4,632 5,349 5,357 4,541 Long-termn debt 304 1,120 3,046 2,935 3,971 4,461 3.896 4,581 4,550 3,827 IMF repurchases and charges 3 187 444 390 237 137 333 417 329 240 Short-term debt (interest only) .. 875 100 73 94 309 403 351 478 474 2. XGGREG %TF NEFT RESOURCE FLO%% S %ND NET `I R_N1%FERS l-ONG-TERNIMI NET RESOURCE FLOWS 155 1,266 1,935 1,488 896 4,501 4,334 3,830 5,228 4,459 Net flow of long-term debt (ex. IMF) 157 1,313 1,043 651 127 1,548 1,052 114 2,132 2,975 Foreign direct investment (net) -25 -106 530 544 228 1,238 1,591 1,478 1,517 1,222 Portfolio equity flows 0 0 0 0 333 1,445 1.407 1,961 1,333 73 Grants (excluding technical coop.) 23 59 362 293 208 270 284 277 247 188 Memo: technical coop. grants 16 64 244 332 468 451 329 382 279 255 official net resource flows 83 426 1,296 1,090 1.665 1,234 466 -479 240 295 private net resource flows 72 840 639 398 -769 3,267 3,868 4,309 4,988 4,164 NET TRANSFERS 87 489 51 -272 -844 2,373 2,293 1,586 3,119 2,256 Interest on long-term debt 44 579 1,573 1,457 1,334 1,759 1,646 1,844 1,659 1,702 Profit remittances on FDI 24 198 311 303 405 369 395 400 450 500 Memo: official net tTansfers 72 286 547 330 822 131 -683 -11766 -802 -628 private net transfers 15 203 -496 -602 -1,665 2,242 2,975 3,352 3,921 2,885 3. MA~JOR ECONONICU AGGREG;A[ES Gross national product (GNP) 6,576 32,436 44,092 45,620 53,915 55,361 65,772 76,208 86,311 85,657 Exports of goods & services (XGS) .. 8,202 13,290 14,792 17,636 19,183 24,476 33,294 40,118 49,120 of which workers remittances .. 205 262 329 315 311 443 432 569 1,057 Imports of goods & services (MGS) .. 10,348 16,437 16,324 19,137 22,587 27,919 35,722 44,091 53,446 International reserves (RES) 255 3,978 2,036 4,436 5,336 5,934 7,126 7,757 11,747 8,714 Current account balance .. -1,904 -2,695 -1,034 -1,000 -3,016 -2,950 -1.980 -3,953 -4,303 4I. DEBTl INLIIC.XFORS EDT XGS (% . 212.4 230.1 219.4 187.1 187.3 161.0 113.6 100.1 92.5 EDT/GNP(% . 53.7 69.4 71.1 61.2 64.9 59.9 49.6 46.5 53.0 TDS ,'XGS (% . 26.6 27.0 23.0 24.4 25.6 18.9 16.1 13.4 9.2 INT/XGS (% . 18.2 13.3 11.0 8.6 11.2 8.6 6.8 5.4 4.5 INT/GNP(% . 4.6 4.0 3.6 2.8 3,9 3.2 3.0 2.5 2.6 RES i EDT (% . 22.8 6.7 13.7 16.2 16.5 18.1 20.5 29.3 19.2 RES / MGS (months) .. 4.6 1.5 3.3 3.3 3.2 3.1 2.6 3.2 2.0 Short-term / EDT (%) .. 43.4 14.5 15.2 15.9 14.0 14.5 14.0 19.9 26.0 Concessional /EDT (% . 5.5 20.0 21.9 24.3 26.3 27.3 29.3 25.7 21.9 Multilateral!/ EDT (%) .. 7.5 20.5 20.5 20.9 21.3 21.2 22.4 19.7 16.1 441 PHILIPPINES (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 .5. LONG-TERM DEBT- DEBT OUTSTANDING (LDOD) 1,544 8,817 25,241 26,421 26,649 29,691 32,632 31,823 31,770 32,784 Public and publicly guaranteed 625 6,363 24,040 25,058 25,618 27,482 29,687 28,292 26,868 25,950 Official creditors 272 2,636 15,302 1 7,224 19,013 21,134 23,208 22,196 20,210 18,485 Multilateral 120 1,310 6,273 6,668 6,908 7,645 8,348 8,479 7,928 7,321 Concessional 0 60 457 601 698 818 935 976 972 947 Bilateral 152 1,326 9,029 10,557 12,105 13,489 14,860 13,717 12,282 11,164 Concessional 68 894 5,645 6,502 7,326 8,636 9,817 10,112 9,361 9,006 Private creditors 353 3,727 8,739 7,834 6,605 6,348 6,479 6.096 6,658 7,465 Bonds 11 888 825 898 4,174 4,667 4.858 4,666 5,450 6,228 Commercial banks 267 2,256 6,661 5,816 1,322 630 575 650 581 692 Other private 75 583 1,253 1,121 1,109 1,051 1,047 780 627 546 Private nonguarantieed 919 2,454 1,201 1,362 1,030 2,210 2,945 3,531 4,902 6,834 Bonds 0 0 0 0 20 270 1,062 1,925 3,499 5,274 Commercial banks 919 2,454 1,201 1,362 1,010 1,939 1,883 1,606 1,404 1,560 Memo: IBRD 119 926 3,943 4,073 4,179 4,598 4,855 5,002 4,666 4,179 IDA 0 34 101 135 166 167 174 183 193 195 DISBURSEMENTS 416 1,854 2,516 2,129 2,763 4,250 3,302 2,851 5,023 5,100 Public and publicly guaranteed 141 1,382 2,225 1,869 2,490 3,285 2,316 1,827 3,245 2,924 Official creditors 74 461 1,373 1,422 2,149 2,286 1,770 1,425 1,596 1,804 Multilateral 17 321 854 658 845 965 612 621 728 620 Concessional 0 9 121 133 118 101 63 63 70 61 Bilateral 57 140 519 764 1,303 1,321 1 158 805 868 1,184 Concessional 15 102 458 401 908 931 727 737 780 1,159 Private creditors 66 920 852 447 341 999 546 402 1,649 1,120 Bonds 0 96 575 205 0 765 350 278 1,618 866 Commercial banks 50 657 167 43 45 56 35 102 13 203 Other private 17 167 110 199 296 178 162 22 18 52 Private nonguaranteed 276 472 291 261 274 966 985 1,024 1,778 2,177 Bonds 0 0 0 0 20 251 785 864 1,778 1,793 Commercial banks 276 472 291 261 254 714 201 161 0 384 Memo: IBRD 16 229 506 353 544 671 300 393 442 295 IDA 0 2 0 33 34 2 5 10 15 9 PRINCIPAL REPAYMENTS 260 541 1,473 1,479 2,637 2,702 2,250 2,737 2,891 2,125 Public and publicly guaranteed 74 221 1,411 1,367 2,494 2,581 2,104 2,587 2,597 1,884 Official creditors 15 95 439 625 692 1,322 1,588 2,181 1,602 1,697 Multilateral 5 45 388 409 438 470 520 651 608 586 Concessional 0 1 6 6 7 8 8 6 7 7 Bilateral 10 49 51 216 253 852 1,069 1,530 994 1,112 Concessional 3 24 21 54 74 354 420 674 494 546 Private creditors 59 126 972 742 1,802 1,258 516 406 995 186 Bonds 1 16 180 138 72 277 168 32 798 28 Commercial banks 39 44 743 536 1,585 762 108 101 64 67 Other private 19 67 49 67 146 219 240 273 133 91 Private nonguaranteed 186 320 62 112 143 121 146 150 294 241 Bonds 0 0 0 0 0 0 0 0 100 0 Commercial banks 186 320 62 112 143 121 146 150 194 241 Memo: IBRD 5 33 301 309 323 338 358 413 425 407 IDA 0 0 1 1 1 2 2 2 2 2 NET FLOWS ON DEBT 157 1,313 1,043 651 127 1,548 1,052 114 2,132 2,975 Public and publicly guaranteed 67 1,161 814 502 -4 704 212 -760 648 1,040 Official creditors 60 367 934 797 1,457 964 182 -756 -6 107 Multilateral 12 276 466 249 407 495 92 -30 120 35 Concessional 0 8 115 126 112 93 55 57 63 54 Bilateral 48 91 468 547 1,050 469 90 -72~6 -126 72 Concessional 12 78 437 347 834 577 307 63 286 613 Private creditors 7 794 -120 -295 -1,461 -260 30 -4 654 933 Bonds -1 80 395 66 -72 488 182 246 820 838 Commercial banks 11 614 -576 -493 -1,540 -706 -74 1 -51 135 Other private -3 100 61 132 151 -41 -78 -251 -115 -40 Private nonguaranteed 90 152 229 149 131 844 839 874 1,484 1,935 Bonds 0 0 0 0 20 251 785 864 1,678 1,793 Commercial banks 90 152 229 149 111 593 55 11 -194 142 Memo: IBRD 11 195 206 44 221 333 -58 -21 18 -112 IDA 0 2 -1 32 33 1 3 8 13 8 442 PHILIPPINES (US$ million, unless othzerwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 44 579 1,573 1,457 1,334 1,759 1,646 1,844 1,659 1,702 Public and publicly guaranteed 26 375 1,486 1,391 1,294 1,661 1,513 1,693 1,428 1,384 Official creditors 11 140 749 760 843 1,103 1,148 1,287 1,042 923 Multilateral 7 100 444 479 495 526 565 604 537 485 Concessional 0 1 4 6 7 8 9 10 10 9 Bilateral 4 40 305 281 348 577 584 683 505 438 Concessional 2 21 125 124 147 274 271 403 299 288 Private creditors 15 235 737 632 451 558 365 405 387 461 Bonds 1 36 31 72 74 209 274 288 300 397 Commercial banks tI 165 671 521 342 280 33 54 45 36 Other private 3 34 35 39 35 69 58 63 41 28 Private nonguaranteed 19 204 87 66 40 98 133 152 231 319 Bonds 0 0 0 0 0 1 20 82 154 257 Commercial banks 19 204 87 66 40 97 113 70 77 62 Memo: IBRD 7 73 296 314 316 331 359 376 341 302 IDA 0 0 1 1 1 1 1 1 1 1 NET TRANSFERS ON DEBT 113 733 -529 -806 -1,208 -211 -595 -1,730 472 1,273 Public and publicly guaranteed 41 785 -672 -889 -1,298 -957 -1,301 -2,452 -781 -344 Official creditors 49 227 185 37 614 -139 -967 -2,043 -1.048 -816 Multilateral 5 176 22 -230 -88 -32 -472l -634 -417 -451 Concessional 0 8 lit 121 105 85 46 47 53 45 Bilateral 43 51 163 267 702 -107 -494 -1,409 -631 -366 Concessional 9 57 312 223 687 303 36 -340 -14 325 Private creditors -7 559 -857 -926 -1 OP2 -818 -334 -409 268 473 Bonds -' 44 364 -5 -145 279 -92 -41 519 441 Commercial banks 0 448 -1,247 -1,014 -1.882 -986 -106 -54 -96 100 Otber private -6 66 25 93 116 -111 -136 -315 -156 -68 Private nonguaranteed 71 -52 142 83 91 746 706 723 1,253 1,617 Bonds 0 0 0 0 20 250 764 782 1,524 1.536 Commercial banks 71 -52 142 83 71 496 -58 -59 -271 80 Memo: IBRD 4 123 -90 -270 -95 2 -417 -397 -324 -414 IDA 0 1 -2 31 32 -1 2 7 12 6 DEBT SERVICE (LTDS) 304 1,120 3,046 2,935 3,971 4,461 3,896 4,581 4,550 3,827 Public and publicly guaranteed 100 596 2,897 2,758 3,788 4,241 3,617 4,279 4,025 3,267 Official creditors 26 235 1,188 1,385 1,535 2,425 2,737 3,468 2,644 2,620 Multilateral 12 145 832 888 933 996 1,084 1,255 1,145 1,071 Concessional 0 1 10 12 13 16 17 16 16 16 Bilateral 14 90 356 497 602 1,429 1,653 2,213 1,499 1,549 Concessional 6 45 146 178 221 628 691 1.077 793 834 Private creditors 74 362 1,709 1,373 2,253 1,816 880 811 1.382 647 Bonds 2 52 211 210 145 486 441 320 1,099 425 Commercial banks 50 2'09 1,414 1.057 1,927 1,042 141 155 109 103 Other private 22 101 85 106 180 289 298 336 174 119 Private nonguaranteed 204 524 149 177 183 219 279 302 525 560 Bonds 0 0 0 0 0 1 20 82 254 257 Commercial banks 204 524 149 177 183 218 259 220 271 303 Memo: IBRD 12 106 597 622 640 669 717 789 766 709 IDA 0 0 2 2 2 3 3 3 3 3 UNDISBURSED DEBT 193 4,365 6,590 7,857 7,483 7,280 8,407 8,626 7,963 6,994 Official creditors 176 3,246 6,156 7,450 7,088 6,863 7,989 8.224 7,648 6,765 Private creditors 16 1,119 434 407 395 417 419 402 315 230 Memorandum items Concessional LDOD 68 954 6,101 7,103 8,024 9,454 10,753 11,088 10,334 9,953 Variable rate LDOD 924 4,399 11,065 11,058 8,560 9,852 11,263 12.263 13,491 15,546 Public sector LDOD 624 6,363 23,668 2'4,738 25,324 27,239 29,459 28,135 26,729 25,821 Private sector LDOD 920 2,454 1,573 1,682 1,325 2,452 3,173 3,687 5,041 6,963 6. CURRENCY CON!POSITION OF LONG-TERMN DEBT (PERC'ENT) Deutsche mark 12.0 2.0 1.5 1.6 1.5 1.4 1.4 1.5 1.7 1.5 French franc 0.2 2.2 1.5 1.1 0.9 0.8 0.8 0.8 0.9 0.8 Japanese yen 2.7 21.9 31.0 34.3 34.6 38.2 40.4 39.5 38.1 37.2 Pound ste rling 0.0 0.2 1.0 1.0 0.3 0.3 0.3 0.2 0.2 0.3 Swiss franc 3.1 0.5 0.5 0.3 0.3 0.4 0.4 0.3 0.2 0.2 U.S.dollars 62.1 51.6 36.2 32.9 33.9 30.4 28.0 27.5 29.8 33.3 Multiple currency 19.2 19.0 23.6 24.0 24.3 25.2 25.4 26.9 26.0 24.4 Special drawing rights 0.0 0.0 0.0 0.0 0.1 0.2 0.3 0.4 0.6 0.6 All other currencies 0.7 2.6 4.6 4.8 4.1 3.2 3.1 2.7 2.3 1.8 443 PHILIPPINES (US$ million, unless otherwise itidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBI RFSTrRU'T[ RINGS Total amount rescheduled 0 0 1,068 1,067 4,408 282 0 0 0 0 Debt stock rescheduled 0 0 0 0 2,247 0 0 0 0 0 Principal rescheduled 0 0 848 873 748 216 0 0 0 0 Official 0 0 172 305 490 191 0 0 0 0 Private 0 0 676 568 258 25 0 0 0 0 Interest rescheduled 0 0 186 156 235 66 0 0 0 0 Official 0 0 107 115 193 62 0 0 0 0 Private 0 0 80 41 43 4 0 0 0 0 Debt forgiven 0 0 0 0 0 (10 0 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction 0 0 1,803 245 2,259 0 0 0 0 0 of which debt buyback 0 0 721 94 1,175 0 00 0 0 S. DE SI 1- IOU K-f l_O%%V REC ONCI LIATION Total change in debt stocks .. 1,927 1,870 554 21931 3,476 -1,582 2,316 5,288 Net flows on debt .. 1,123 1,264 614 1,440 1,515 -685 4,521 7,284 Net change in interest arrears ... 48 65 -117 0 0 0 0 0 Interest capitalized ... 186 156 235 66 0 0 0 0 Debt forgiveness or reduction . -1,082 -151 -1,085 0 0 0 0 0 Cross-currency valuation ... 1,034 649 -329 1,193 2,070 -205 -2,048 -2,052 Residual ... 619 -113 1,236 233 -109 -692. -157 56 ALL CREDITORS Interest ()7.3 9.9 6.3 5.1 5.7 5.5 4.2 4.8 6.2 4.5 Maturity (years) 11.4 16.8 21.9 22.9 18.6 16.9 21.1 24.1 17.3 25.5 Grace p eriod (years) 2.1 5.3 7.3 6.6 4.6 5.6 6.9 8.2 9.4 13.5 Grant element (%) 12.4 4.0 27.2 35.7 25.8 27.2 39.7 39.7 24.4 36.8 Official creditors Interest (%) 6.7 6.9 5.3 4.7 5.8 4.9 3.6 4.3 4.9 3.7 Maturity (years) 14.3 21.7 24.4 25.3 19.9 23.3 23.6 26.6 21.0 26.4 Grace period (years) 2.2 6.2 7.3 7.3 5.0 6.6 7.3 7.8 6.2 7.7 Grant element (%) 16.0 22.1 35.5 40.7 26.8 36.3 45.4 43.6 34.9 48.6 Private creditors Interest (% 8.1 13.5 9.2 7.2 5.3 6.7 6.6 7.1 7.4 5.9 Maturity (years) 6.7 11.0 15.0 11.3 11.4 5.0 8.9 10.8 13.9 24.0 Grace period (years) 1.9 4.1 7.3 3.7 2.1 3.7 5.2 10.2 12.4 22.8 Grant element (% 6.4 -17.5 4.1 12.7 20.2 10.2 13.0 19.0 14.5 17.4 Memorandum itemns Commitments 171 2,143 3,520 3,147 2,372 2,952 3,102 2,595 3,631 2,780 Official creditors 107 1,164 2,588 2,593 2,013 1,924 2,558 2,182 1,766 1,72'8 Private creditors 64 979 933 555 359 1,028 544 4 13 1,865 1,051 WI. E ONTRXiJ 11%iL OHBL ;xIN~ON 0UTSlA.N DING LO.NG.- rER.Nt DEB-F 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTA-L Disbursements 2,268 1,865 1.198 754 461 251 128 29 19 13 Principal 2,527 2,196 2,899 2,762 3,476 2,845 2,569 2,094 2,549 1,663 Interest 1,824 1,751 1,702 1,608 1,440 1,262 1,119 1,008 877 745 Official creditors Disbursements 2,138 1,805 1,173 747 457 249 127 28 18 12 Prinicipal 1,581 1,559 1,534 1,498 1,555 1,531 1,453 1,416 1,450 1,314 Interest 851 834 830 813 759 695 626 559 492 423 Bilateral creditors Disbursements 1,565 1,262 756 434 221 108 44 1 1 1 Principal 901 879 867 842 875 881 843 837 889 796 Interest 386 387 406 415 391 363 328 295 262 228 Multilateral creditors Disbursements 573 543 417 313 236 141 84 27 17 1 2 Principal 680 680 667 656 680 650 610 579 561 518 Initerest 466 447 424 398 368 332 298 264 230 196 Private creditors Disbursements 129 60 25 7 3 2 1 1 1 0 Principal 946 637 1,365 1,264 1.921 1,314 1,J16 678 t,099 350 Interest 973 917 871 795 681 567 493 448 386 322 Commercial banks DiSbUrsements 62 19 7 1 0 0 0 0 00 PTincipal 97 65 180 200 53 46 39 26 15 10 Interest 43 39 35 29 15 12 9 6 4 3 Other private Disbursements 67 41 19 6 3 2 1 1 1 0 Principal 850 572 1,185 1,063 1,869 1.268 1,077 652 1,084 339 Interest 930 878 837 766 666 555 484 442 381 319 444 POLAND (US$ million, untless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SI' MNIM ARYDIEBT DI-A-TA TOTAL DEBT STOCKS (EDT) .. 49,366 53,421 48,495 45,176 42,553 44,263 43,473 39,896 Long-term debt (LDOD) .. 39,263 45,001 43,142 41,837 40,367 42,086 40,810 36,077 Public and publicly guaranteed .. 39,263 44,867 42,741 41,297 39,503 41.073 39,208 33,666 Private nonguaranteed ...0 135 401 541 864 1,012 1,602 2,412 Use of IMIF credit 0 0 509 853 820 684 1,341 0 0 0 Short-term debt ... 9,595 7,566 4,532 2,656 845 2,178 2,663 3,812 of which initerest arrears on LDOD ..8,316 6,218 3,281 1,513 139 136 0 0 Official creditors ... 6,568 3,650 1,868 124 139 136 0 0 Private creditors ... 1,747 2,567 1,413 1.390 0 0 0 0 Memo: principal arrears on LDOD .. 5,672 4,974 2,828 580 585 625 29 29 Official creditors ... 4,284 3,789 2.274 429 578 619 25 25 Private creditors ..1,388 1,185 554 152 7 5 4 4 Memo: export credits ... 28,076 33,020 20,432 21,063 19,123 17,559 18,002 15,700 TOTAL DEBT FLOWS Disbursements ... 1,025 1,191 819 751 2,429 1,279 1,475 1,879 Long-term debt ... 540 864 819 751 1,512 1,279 1,475 1,879 IMF purchases 0 0 485 327 0 0 917 0 0 0 Principal repayments .. 635 366 540 669 1,895 2,279 1,114 1,085 Long-term debt ... 635 366 540 531 1,581 885 1.114 1,085 IMF repurchases 0 0 0 0 0 138 314 1,394 0 0 Net flows on debt .. 423 893 183 -27 97 335 982 1,943 of which short-term debt .. 33 69 -97 -109 -436 1,335 621 1,149 Interest payments (INT) . . 332 603 929 1,026 1,207 1,868 1,566 1,477 Long-term debt ... 203 436 760 869 1,123 1,719 1,433 1,286 IMF charges 0 0 23 57 62 47 48 47 0 0 Short-term debt ... 105 110 108 110 37 102 133 191 Net transfers on debt ... 92 290 -747 -1,053 -1,110 -1,532 -584 467 Total debt service paid (TDS) .. 966 969 1,469 1,695 3,102 4,147 2,680 2,562 Long-term debt ... 838 803 1,299 1,399 2,704 2,604 2,547 2,371 IMF repurchases and charges 0 0 23 57 62 185 362 1,440 0 0 Short-term debt (interest only) ... 105 110 108 110 37 102 133 191 2. AGGREGATE NET RESOL RCE FLOWS AND SEL1l RANISFER_ L ONG- TE RM% NET RESOURCE FLOWS ... 21 3,239 2,076 3,247 3,499 8,382 6,536 7,078 Net flow of long-term debt (ex. IMP) ... -95 497 279 220 -70 394 361 794 Foreign direct investment (net) ... 89 291 678 1,715 1,875 3,659 4,498 4,908 Portfolio equity flows ...0 0 0 400 5 921 722 945 Grants (excluding technical coop.) ... 27 2,451 1,119 912 1.688 3,408 955 431 Memo: technical coop. grants ...0 70 196 119 lOt 335 129 146 official net resource flows ... -50 2,704 1,353 1,089 2,255 3,324 1,203 291 private net resource flows ... 71 535 723 2,158 1,244 5,058 5,333 6,787 NET TRANSFERS ... -201 2,753 1,163 2,179 2,176 6,438 4,803 5,791 Interest on long-term debt ... 203 436 760 869 1,123 1,719 1.433 1,286 Profit remittances on FDI .. 20 50 154 199 200 225 300 0 Memo: official net transfers ... -163 2,471 711 370 1,~519 2,108 281 -487 private net transfers ... -38 282 452 1,809 657 4,330 4,523 6,278 3. NMAJOR ECO0NOMiTC .\GGREG VUE.S Gross national product (GNP) ... 55,620 73,631 82,702 84,701 91,233 117,990 134,170 135,290 Exports of goods & services (XGS) . . 19,640 18,653 19,430 18.362 26,158 37,501 39,640 41,981 of which wvorkers remittances ..-0 0 0 0 558 696 723 797 Imports of goods & services (MGS) ... 19,084 21,567 23,000 24,910 25,898 36,909 43,875 48,963 International reserves (RES) ... 4,674 3,800 4,257 4,277 6,023 14,957 18,019 20,670 Cuirrent account balance ... 3,067 -2,146 -3,104 -5,788 954 854 -3,264 -5,744 4. DEBTI INDJICATORlS EDT!XGS(% ... 251t.4 286.4 249.6 246.0 162.7 118.0 109.7 95.0 EDT /GNP ()... 88.8 72.6 58.6 53.3 46.6 37.5 32.4 29.5 TDSI XGS ()... 4.9 5.2 7.6 9.2 11.9 11.1 6.8 6.1 INT /XGS (%) ... 1.7 3.2 4.8 5.6 4.6 5.0 4.0 3.5 INT/,GNP (41) ... 0.6 0.8 1.1 1.2 1.3 1.6 1.2 1.1 RIES /'EDT (%) ... 9.5 7.1 8.8 9.5 14.2 33.8 41.4 51.8 RIES / MGS (months) ... 2.9 2.1 2.2 2.1 2.8 4.9 4.9 5.1 Short-term / EDT (41) ... 19.4 14.2 9.3 5.9 2.0 4.9 6.1 9.6 Concessional/ EDT (41 ... 77 6.9 26.8 27.8 25.4 25.1 23.3 19.3 Multilateral I/ EDT (41) ... 1.1 1.6 2.4 3.3 4.6 4.7 5.0 5.2 445 POLAND (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG,-TER.M DLBTI DEBT OUTSTANDING (LDOD) 39,263 45,001 43,142 41,837 40,367 42,086 40,810 36,077 Public and publicly guaranteed 39,263 44,867 42,741 41,297 39,503 41,073 39,208 33,666 Official creditor-s .. 27,919 33,867 32,819 32.446 31,040 32,232 30,502 26,578 Multilateral ... 524 878 1,167 1,471 1,957 2,067 2,175 2,079 CoDcessional . .. 0 0 0 0 0 0 0 0 Bilateral ... 27,395 32.989 31,652 30,975 29,083 30,165 28,327 24,500 Concessional ... 3,822 3,711 12,976 12,555 10,797 11,097 10,111 7,692 Private creditors ... 11,344 11,000 9,922 8,850 8,463 8,841 8,707 7,088 Bonds ... 1 1 0 0 7.860 8,110 8,271 6,564 Commercial banks ... 9,760 9,715 9,108 8,640 362 556 323 461 Other private ... 1,584 1,284 814 211 241 175 113 63 Private nonguaranteed 0 135 401 541 864 1,012 1,602 2,412 Bonds ... 0 0 0 0 0 0 50 850 Commercial banks . .. 0 135 401 541 864 1,012 1,552 1,561 Memo: IBRD 0 0 55 417 743 1,073 1,818 2,067 2,175 2,079 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 540 864 819 751 1,512 1,279 1,475 1,879 Public and publicly guaranteed 540 864 773 566 1,015 856 1,014 495 Official creditors ... 70 403 412 330 712 248 693 280 Multilateral . .. 56 349 343 317 672 210 464 239 Concessional . .. 0 0 0 0 0 0 0 0 Bilateral ... 14 53 69 12 40 38 229 42 Concessional ... 10 27 4 0 16 7 199 1 Private creditors ... 470 461 361 237 303 608 321 214 Bonds . . 0 0 0 0 138 250 166 0 Commercial banks ... 300 233 220 168 72 353 155 211 Other private . .. 171 229 141 69 93 5 0 3 Private nonguaranteed 0 0 46 185 497 423 461 1,384 Bonds ... 0 0 0 0 0 0 50 803 Commercial banks ... 0 0 46 185 497 423 411 581 Memo: IBRD 0 0 54 349 343 317 672 210 464 239 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 635 366 540 531 1,581 885 1,114 1,085 Public and publicly guaranteed 635 366 494 485 1,408 611 803 510 Official creditors . . 147 150 178 153 146 332 445 421 Multilateral . .. 46 5 29 20 0 158 197 155 Concessional -. 0 0 0 0 0 D 0 Bilateral ... 101 144 149 133 146 174 248 265 Concessional ... 43 102 54 112 47 44 51 80 Private creditors . .. 488 217 316 332 1.262 279 358 90 Bonds . .. 0 0 0 0 0 0 0 0 Commercial banks . .. 400 134 177 172 1,179 192 312 54 Other private . . 88 83 139 161 83 87 46 36 Private nonguaranteed 0 0 46 46 174 275 311 575 Bonds ... 0 0 0 0 0 0 0 0 Commercial banks ... 0 0 46 46 174 275 311 575 Memo: IBRD 0 0 0 0 0 0 0 19 197 155 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT -95 497 279 220 -70 394 361 794 Public and publicly guaranteed -95 497 280 81 -393 245 211 -16 Official creditors . .. -77 253 234 176 567 -84 248 -140 Multilateral ... 10 344 314 297 672 52 266 84 Concessional ... 0 0 0 0 0 a 0 0 Bilateral . .. -87 -91 -80 -120 -106 -136 -19 -224 Concessional . .. -33 -75 -51 -112 -31 -37 147 -79 Private creditors . . -18 244 45 -95 -959 329 -37 125 Bonds ... 0 0 0 0 138 250 166 0 Commercial banks . .. -100 98 43 -3 -1.107 161 -157 157 Other private ... 83 146 2 -92 10 -82 -46 3 Private nonguaranteed 0 0 0 139 323 148 150 810 Bonds ... 0 0 0 0 0 0 50 803 Commercial banks . . 0 0 0 139 323 148 100 7 Memo: IBRD 0 0 54 349 343 317 672 191 266 84 IDA 0 0 0 0 0 0 0 0 0 0 446 POLAND (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 7995 1996 1997 INTEREST PAYMENTS (LINT) .. . 203 436 760 869 1,123 1,719 1,433 1,286 Public and publicly guaranteed .. . 203 436 751 832 1,075 1,663 1,355 1,169 Official creditors . .. 113 233 643 718 736 1.216 923 777 Multilateral . .. 3 1 24 37 71 152 148 147 142 Concessional . .. 0 0 0 0 0 0 0 0 Bilateral . .. 82 209 606 647 584 1.068 775 636 Concessional . .. 56 1 1 167 339 338 478 465 405 Private creditors ..90 204 109 114 339 447 433 391 Bonds . .. 0 0 0 0 0 386 392 364 Commercial banks .. 74 173 71 85 318 47 32 23 Other private - .. 15 30 38 29 21 14 8 5 Private nonguaranteed . . 0 0 8 37 48 56 78 118 Bonds . .. 0 0 0 0 0 0 0 3 Commercial banks . .. 0 0 8 37 48 56 78 114 Memo: IBRD 0 0 1 8 33 64 88 133 147 142 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT . -298 61 -480 -648 -1,192 -1,325 -1,072 -492 Public and publicly guaranteed . -298 61 -472 -751 -1,467 -1,418 -1,144 -1,184 Official creditors . .. -190 20 -408 -542 -169 -1,300 -675 -918 Multilateral .. -22 320 277 226 520 -96 119 -58 Concessional . 0 0 0 0 0 0 0 0 Bilateral . .. -169 -300 -686 -768 -690 -1,204 -794 -859 Concessional ..-90 -87 -218 -450 -369 -515 -318 -485 Private creditors ..-107 41 -63 -209 -1,298 -118 -469 -267 Bonds . .. 0 0 0 0 138 -136 -226 -364 Commercial banks . .. -175 -75 -28 -88 -1,425 114 -189 134 Other private ...67 116 -36 -121 -11 -96 -54 -37 Private nonguaranteed .. .0 0 -9 102 275 93 72 692 Bonds . .. 0 0 0 0 0 0 50 800 Comnmercial banks . .. 0 0 -9 102 275 93 22 -107 Memo: IBRD 0 0 54 341 310 253 585 58 119 -58 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) - . 838 803 1,299 1,399 2,704 2,604 2,547 2,371 Public and publicly guaranteed - . 838 803 1,245 1,317 2,482 2,274 2,158 1,679 Official creditors . .. 260 383 820 871 882 1,548 1,368 1,198 Multilateral . 77 29 66 91 152 306 344 297 Concessional . .. 0 0 0 0 0 0 0 0 Bilateral .. 183 353 755 780 729 1,241 1,023 901 Concessional - .. 100 114 221 450 385 522 516 486 Private creditors ..578 420 425 446 1,601 7126 790 481 Bonds . .. 0 0 0 0 0 386 392 364 Commercial banks . .. 474 308 248 256 1,497 239 344 77 Other private . .. 103 113 177 190 104 102 54 40 Private nonguaranteed - . 0 0 54 82 221 331 389 692 Bonds . .. 0 0 0 0 0 0 0 3 Commercial banks . .. 0 0 54 82 221 331 389 689 Memo: IBRD 0 0 1 8 33 64 88 152 344 297 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT - .. 2,126 2,925 2,601 3,149 2,460 1,939 1,244 1,167 Official creditors . .. 1,297 2,077 2.006 2,801 2,296 1,830 1,136 1,060 Private creditors . .. 829 848 594 348 164 109 108 108 Memorandum items Concessional LDOD . .. 3,822 3,711 12,976 12,555 10,797 11,097 10,111 7,692 Variable rate LDOD . .. 26,112 30,756 28.144 28,628 24,013 25,387 25,048 23,157 Public sector LDOD . .. 39,261 44,816 42,695 41,268 39,488 41,071 39,208 33,458 Private sector LDOD .. 2 186 447 569 879 1,015 1,603 2,619 6. CU.RREN(:Y CONIPOs~ITION OF LONG- rERNI DEBTr iPER'E N i Deutsche mark . .. 23.3 23.2 21.2 19.2 10.1 10.2 9.9 9.9 French franc ... 11.0 11.9 11.9 11.7 12.7 13.1 12.7 12.8 Japanese yen ... 2.9 3.1 3.0 3.8 3.9 3.6 3.8 3.9 Pound sterling ... 3.8 3.2 2.7 3.8 2.6 2.5 2.8 3.2 Swiss franc ... 9.2 8.1 5.2 5.3 0.0 0.0 0.0 0.0 U.S.dollars ... 32.2 30.9 35.9 35.8 47.0 45.9 47.4 46.0 Multiple currencyv.. 0.1 0.9 1.7 2.6 4.6 5.0 5.5 6.1 Special drawing rights ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies . . 17.5 18.5 18.4 17.8 19.0 19.6 17.7 18.1 447 POLAND (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7.DEBI -RESTRUCTULRINGS Total amount rescheduled ... 3,559 8,975 28.236 8,076 7,723 0 0 0 Debt stock rescheduled ...0 29 22,488 2,259 3,307 0 0 0 Principal rescheduled ... 1,391 4,329 3,270 3,772 325 0 70 7 Official ... 746 3,92-3 2.709 3,419 0 0 0 0 Private ... 645 406 562 353 325 0 70 7 Interest rescheduled ... 2,168 4,617 2,477 2,045 1,838 0 1 Official ... 1.998 4,517 1,843 1,948 0 0 0 0 Private ... 170 100 635 98 1,838 0 1 1 Debt forgiven ... 233 7 1,001 653 3,791 0 5 8 Memo: interest forgiven ... 61 0 0 0 0 0 0 0 Debt stock reduction . . 284 0 1,092 1,674 4,809 0 0 1,686 of which debt buvback ...0 0 0 0 956 0 0 0 5.DEBT sTOC K-FI E )% REC )NCIlI.I.lT)ON Total change in debt stocks ... 6,270 4,054 -4,926 -3,318 -2,623 1,710 -790 -3,584 Net flows on debt ... 423 893 183 -27 97 335 982 1,943 Net change in interest arrears ... 86 -2,098 -2,937 -1,767 -1.375 -3 -136 0 Interest capitalized ... 2,168 4.617 2,477 2,045 1,838 0 1 1 Debt forgiveness or reduction ... -517 -7 -2,093 -2,327 -7,643 0 -5 -1,694 Cross-currencv valuation ... 3,386 -305 -1,780 -1.149 1,845 1,471 -1,324 -2,159 Residual ... -176 955 -776 -94 2,615 -94 -309 -1,675 9. RI;* YEINMS OF- NEA% C(jNINMITMIENTS ALL CREDITORS Interest (%) ... 7.5 8.0 7.0 7.3 6.8 7.8 6.3 5.9 Maturity (years) ... 15.3 13.4 13.9 15.6 14.1 2.9 9.8 11.2 Grace period (years) ... 5.1 4.3 3.6 4.6 6.3 2.8 4.3 4.5 Grant element (%) ... 14.4 10.2 14.2 14.7 17.8 5.0 16.2 20.2 Official creditors tnterest (%) ... 7.2 7.6 7.4 7.4 6.9 0.0 6.3 5.5 Maturity (years) ... 17.8 16.7 16.9 16.3 14.8 0.0 16.8 14.9 Grace period (years) ... 5.6 5.3 4.3 4.8 5.1 0.0 4.6 5.4 Grant element (%) ... 17.8 14.2 15.2 15.1 17.0 0.0 22.2 26.2 Private creditors Interest (%) ... 8.5 8.8 6.3 6.7 6.7 7.8 6.4 6.9 Maturitv (years) . . 7.3 6.3 7.5 6.8 13.1 2.9 4.4 2.9 Grace period (years) ... 3.6 2.0 1.9 2.5 8.3 2.8 4.0 2.6 Grant element (). . 3.9 1.4 12.1 10.3 19.1 5.0 11.6 6.9 Memorandum items Commitments ... 1,666 1,721 610 1,201 462 558 568 773 Official creditors ... 1,259 1,181 414 1,109 289 0 249 533 Private creditors ... 407 540 196 92 173 558 320 240 II. covrRAciI At.% OBLIGA-TIONS ON OuTIs rkNDI)NG LONG-TERMI DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 207 216 175 144 120 83 57 36 22 14 Principal 1,293 1,278 1,734 1,694 2,028 2,272 2,686 3,234 3,666 4,708 Interest 1,744 1,756 1,730 1,635 1,559 1,490 1,379 1,239 1,066 879 Official creditors Disbursements 193 206 171 142 120 83 57 36 22 14 Principal 656 714 889 1,207 1,623 2,107 2,509 3,032 3,472 3,963 Interest 1,295 1,279 1,251 1,212 1,154 1,072 966 836 681 507 Bilateral creditors Disbursements 1 0 0 0 0 0 0 0 0 0 Principal 482 513 666 975 1,386 1,820 2,221 2,746 3,186 3,680 Interest 1,148 1,131 1,108 1,076 1,026 956 865 752 613 456 Multilateral creditors Disbursements 192 206 171 142 120 83 57 36 22 14 Principal 174 201 223 232 237 288 288 286 286 283 Interest 147 148 144 137 128 116 101 84 67 50 Pri,vate creditors Disbursements 14 9 4 2 0 0 0 0 0 0 Principal 637 564 845 486 406 164 177 202 194 744 Interest 449 478 479 422 406 418 414 403 386 372 Commercial banks Disbursements 13 9 4 2 0 0 0 0 0 0 Principal 34 139 246 46 14 8 0 0 0 0 Interest 33 31 21 4 1 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 603 425 599 441 392 156 177 202 194 744 Initerest 416 855 458 419 404 418 414 403 386 372 448 RONIANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SU!NIARY DEBT DATA TOTAL DEBT STOCKS (EDT) 9,762 1,140 2,131 3,240 4,239 5,533 6,666 9,185 10,442 Long-terim debt (LDOD) 7,131 230 334 1,447 2,316 3,243 4,325 7,718 8,852 Public and publicly guaranteed .. 7.131 223 218 1,287 2,070 2,925 3,909 7,349 8,122 Private nonguaranteed ..0 7 116 160 246 318 416 369 730 Use of IMF credit 0 328 0 809 1,033 1,031 1,323 1,038 651 641 Short-term debt 2,303 910 988 761 892 966 1,303 815 949 of which interest arrears on LDOD ..0 0 0 0 0 0 0 0 0 Official creditors ..0 0 0 0 0 0 0 0 0 Private creditors ..0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD ..0 0 0 0 0 0 0 0 0 Official creditors ..0 0 0 0 0 0 0 0 0 Private creditors ..0 0 0 0 0 0 0 0 0 Memo: export credits ..188 695 616 1,149 1,539 1,818 1,917 1,950 TOTAL DEBT FLOWS Disbursements .. 2,955 27 902 1,706 1,048 1,349 1,334 4,094 2,692 Long-term debt .. 2,797 27 128 1,229 1,048 998 1,277 4,094 2,527 IMF purchases 0 158 0 774 477 0 351 57 0 166 Principal repayments 928 4 13 300 148 387 675 772 1,005 Long-term debt 824 4 13 84 148 259 303 415 870 IMF repurchases 0 104 0 0 216 0 128 373 356 135 Net tlows on debt 2,027 45 967 1,179 1,031 1,036 995 2,835 1,821 of which short-ter-m debt .. 22 78 -227 131 74 337 -488 134 Interest payments (INT) 601 14 107 162 205 232 292 459 578 Long-term debt .. 332 0 2 42 123 129 176 354 496 IMF charges 0 20 0 29 62 61 63 69 39 29 Short-term debt .. 249 14 75 57 21 40 47 67 53 Net transfers on debt .. 1,426 30 860 1,018 826 804 704 2,376 1,243 Total debt service paid (TDS) .. 1,529 18 120 462 353 619 967 1,230 1,583 Long-term debt .. 1,156 4 16 126 271 388 479 769 1,366 IMF repurchases and charges 0 124 0 29 279 61 191 442 395 165 Short-term debt (interest only) .. 249 14 75 57 21 40 47 67 53 2.AGGREGATE NET RESOURCE FLOWS AND NET TRA-NSFER-S tLONG-TER.M) NET RESOURCE FLOWS 1,973 26 422 1,422 1,093 1,177 1,428 4,058 2,980 Net flow of long-term debt (ex. IMF) .. 1,973 23 114 1,146 900 739 974 3,679 1,657 Foreign direct investment (net) ..0 0 40 77 94 341 419 263 1,215 Portfolio equity flows ..0 0 0 0 0 1 1 1 1 0 Grants (excluding technical coop.) ..0 3 268 199 99 96 34 105 108 Memo: technical coop. grants ..0 0 46 45 57 42 151 ill 59 official net resource flows .. 613 22 271 1,205 845 566 741 1,822 706 private net resource flows .. 1,360 4 151 217 248 611 687 2,235 2,274 NET TRANSFERS .. 1,641 25 420 1,379 966 1,042 1,252 3,689 2,464 Interest on long-term debt .. 332 0 2 42 123 129 176 354 496 Profit remittances on FDI ..0 0 0 0 4 6 0 15 20 Memo: official net transfers .. 495 22 271 1,173 741 466 618 1,567 421 private net transfers .. 1,146 3 149 206 224 576 634 2,122 2,044 3. NL-.JOR ECONO%I1C.A(-GREG..ATES Gross national product (GNP) ... 38,455 28,861 24,995 27,116 28,242 31,903 32,789 31,724 Exports of goods & services (XGS) .. 12,160 6,555 5,050 5,077 5,754 7,315 9,489 9,736 10,059 of which workers remittances ..0 0 0 0 0 4 4 10 2 Imports of goods & services (MGS) .. 14,580 9,915 6,280 6,648 7,142 8,022 11,628 12,890 12,974 International reserves (RES) .. 2,511 1,374 1,489 1,595 1,921 3,092 2,624 3,143 4,679 Current account balance .. -2,420 -3,254 -1,012 -1,506 -1,174 -428 -1,774 -2,571 -2,338 4. DEBT INDfc.-T-ORS EDT / XGS (% . 80.3 17.4 42.2 63.8 73.7 75.6 70.3 94.3 103.8 EDT / GNP ()... 3.0 7.4 13.0 15.6 19.6 20.9 28.0 32.9 TDS /XGS (% . 12.6 0.3 2.4 9.1 6.1 8.5 10.2 12.6 15.7 INT XGS (% . 4.9 0.2 2.1 3.2 3.6 3.2 3.1 4.7 5.7 INT /GNP ()... 0.0 0.4 0.6 0.8 0.8 0.9 1.4 1.8 RES /EDT (% . 25.7 120.5 69.9 49.2 45.3 55.9 39.4 34.2 44.8 RES /MGS (months) .. 21 1.7 2.8 2.9 3.2 4.6 2.7 2.9 4.3 Short-term / EDT (%) .. 23.6 79.8 46.4 23.5 21.0 17.5 19.5 8.9 9.1 Concessional i EDT (% . 1.8 19.2 9.7 7.4 1.6 2.6 6.4 5.0 4.4 Multilateral / EDT (%) .. 8.3 0.0 0.2 24.4 23.2 23.8 25.4 25.8 27.5 449 RONANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-I-ERXI DEBT DEBT OUTSTANDING (LDOD) 7,131 230 334 1,447 2,316 3,243 4,325 7,718 8,852 Public and publicly guaranteed 7,131 223 218 1,287 2,070 2,925 3,909 7,349 8,122 Official creditors 2,468 218 210 1,187 1,580 2,218 3,008 4,525 4,755 Multilateral 807 0 3 789 982 1,315 1,695 2,370 2,868 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 1,661 218 206 398 598 903 1,313 2,155 1,887 Concessional 174 218 206 241 68 142 424 460 459 Private creditors 4,663 5 9 100 491 708 901 2,824 3,367 Bonds 0 0 0 0 0 0 0 982 1,241 Commercial banks 4,222 0 0 0 148 210 314 1,112 1,467 Other private 441 5 9 100 343 498 587 730 659 Private nonguaranteed 0 7 116 160 246 318 416 369 730 Bonds 0 0 0 0 0 0 0 0 75 Commercial banks 0 7 116 160 246 318 416 369 655 Memo: IBRD 0 807 0 3 210 403 695 844 1,009 1,305 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 2,797 27 128 1,229 1,048 998 1,277 4,094 2,527 Public and publicly guaranteed 2,797 24 19 1,160 883 926 1,094 4,067 2,110 Official creditors 954 19 3 1,054 792 683 839 1,923 922 Multilateral 239 0 3 826 770 338 328 810 770 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 715 19 0 227 22 344 512 1,113 152 Concessional 0 19 0 66 0 65 286 72 63 Private creditors 1,843 5 15 107 91 243 254 2,144 1,188 Bonds 0 0 0 0 0 0 0 1,029 347 Commercial banks 1,402 0 0 0 4 64 117 847 744 Other private 441 5 15 107 87 179 137 268 97 Private nonguaranteed 0 3 109 69 165 72 183 27 417 Bonds 0 0 0 0 0 0 0 0 75 Commercial banks 0 3 109 69 165 72 183 27 342 Memo: IBRD 0 239 0 3 211 189 263 129 228 399 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 824 4 13 84 148 259 303 415 870 Public and publicly guaranteed 824 0 13 59 69 259 217 341 814 Official creditors 341 0 0 48 46 213 133 205 324 Multilateral 22 0 0 0 6 148 14 35 80 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 319 0 0 48 40 65 118 170 244 Concessional 0 0 0 48 40 1 0 3 5 Private creditors 483 0 13 11 23 46 85 136 490 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 483 0 0 0 0 7 19 37 361 Other private 0 0 13 11 23 39 65 99 129 Private nonguaranteed 0 4 0 25 79 0 86 74 56 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 4 0 25 79 0 86 74 56 Memo: IBRD 0 22 0 0 0 0 0 0 0 29 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 1,973 23 114 1,146 900 739 974 3,679 1,657 Public and publicly guaranteed 1,973 24 5 1,102 814 667 877 3,726 1,296 Official creditors 613 19 3 1,006 746 470 707 1,718 598 Multilateral 217 0 3 826 764 191 313 775 690 Concessional 0 0 0 0 0 0 0 0 0 Bilateral 396 19 0 179 -18 280 394 943 -93 Concessional 0 19 0 18 -40 65 286 69 59 Private creditors 1,360 5 2 96 68 197 170 2,008 698 Bonds 0 0 0 0 0 0 0 1,029 347 Commercial banks 919 0 0 0 4 57 98 810 384 Other private 441 5 2 96 64 140 72 169 -32 Private nonguaranteed 0 -1 109 44 86 72 98 -47 361 Bonds 0 0 0 0 0 0 0 0 75 Commercial banks 0 -1 109 44 86 72 98 -47 286 Memo: IBRD 0 217 0 3 211 189 263 129 228 371 IDA 0 0 0 0 0 0 0 0 0 0 450 RONLANIA ([US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINt . 332 0 2 42 123 129 176 354 496 Public and publicly guaranteed .. 332 0 2 34 115 129 176 338 467 Official creditors .. 118 0 0 31 104 100 124 256 285 Multilateral 59 0 0 25 87 68 70 159 180 Concessional ..0 0 0 0 0 0 0 0 0 Bilateral .. 59 0 0 6 17 33 54 97 104 Concessional ..0 0 0 2 3 4 7 15 15 Private creditors 214 0 2 3 12 29 52 82 182 Bonds ..0 0 0 0 0 0 0 10 61 Commercial banks 173 0 0 0 0 8 9 25 77 Other private .. 42 0 2 3 1 1 21 43 46 45 Private nonguaranteed ..0 0 0 8 8 0 0 16 28 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks ..0 0 0 8 8 0 0 16 28 Memo: IBRD 0 59 0 0 2 19 32 53 63 70 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT .. 1,641 22 112 1,103 777 610 798 3,325 1,161 Public and publicly guaranteed .. 1,641 24 4 1,067 699 538 701 3,388 828 Official creditors .. 495 19 3 974 643 370 583 1.462 313 Multilateral .. 158 0 3 801 678 123 243 616 510 Concessional ..0 0 0 0 0 0 0 0 0 Bilateral .. 337 19 0 173 -35 247 340 846 -197 Concessional ..0 19 0 16 -44 61 2)79 54 44 Private creditors .. 1,146 5 1 93 56 168 118 1,926 516 Bonds ..0 0 0 0 0 0 0 1,019 286 COMMerCial banks .. 747 0 0 0 4 50 88 785 306 Other private .. 399 5 1 93 52 118 29 123 -77 Private nonguaranteed ..0 -1 109 36 78 72 97 -63 333 Bonids ..0 0 0 0 0 0 0 0 75 Commercial banks ..0 -1 109 36 78 72 97 -63 258 Memo: IBRD 0 158 0 3 209 169 230 76 164 301 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) .. 1,156 4 16 126 271 388 479 769 1,366 Public and publicly guaranteed .. 1,156 0 15 93 184 388 393 679 1,281 Official creditors .. 459 0 0 79 149 313 256 461 609 Multilateral .. 81 0 0 25 92 216 85 194 260 Concessional ..0 0 0 0 0 0 0 0 0 Bilateral .. 378 0 0 54 57 97 172 268 349 Concessional ..0 0 0 51 44 4 8 18 19 Private creditors .. 698 0 15 14 35 75 137 218 672 Bonds ..0 0 0 0 0 0 0 10 61 Commercial banks .. 656 0 0 0 0 15 29 63 438 Other private .. 42 0 15 14 35 61 108 145 174 Private nonguaranteed ..0 4 1 33 87 0 86 90 84 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks ..0 4 1 33 87 0 86 90 84 Memo: IBRD 0 81 0 0 2 19 32 53 63 99 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT .. 1,865 113 1,673 3,599 1,889 1,968 2,337 2,461 1,950 Official creditors .. 1.347 0 1.223 2,299 1,463 1.506 1.879 2.062 1.817 Private creditors .. 518 113 451 1,300 426 462 458 398 133 Memorandum items Concessional LDOD .. 174 218 206 241 68 142 424 460 459 Variable rate LDOOD. 4,222 7 121 1,084 912 1,418 1.760 2.755 3,493 Public sector LDOD .. 7,131 223 218 1,287 2,070 2,925 3,909 7.308 8,085 Private sector LDOD ..0 7 116 160 246 318 416 409 767 6. CU)RRENCY~ COMPOSITION OF LONG;-rER'%l DEBT[ 'PER( ENTI Deutsche mark .. 2.1 0.0 0.0 0.0 3.6 4.3 10.9 6.2 9.5 French franc . 0.0 0.8 3.0 3.1 4.0 5.0 5.0 3.8 3.9 Japanese yen .. 0.0 0.0 0.0 0.0 3.0 3.7 2.7 20.7 16.8 Pound sterling .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc .. 2.6 89.5 85.9 12.1 5.9 4.0 1.8 3.4 2.7 U.S.dollars .. 83.8 9.8 9.6 15.6 35.4 36.5 35.4 36.5 40.5 Multiple currencyv. 11.5 0.0 1.5 19.5 19.5 23.8 21.6 13.7 12.6 Special drawing rights .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies .. 0.0 0.0 0.0 49.7 28.6 22.7 22.6 15.7 13.9 451 RONMNIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DFBlI RES FRUC(TI RINGs Total amount rescheduled 0 0 0 0 0 0 0 0 0 Debt stock rescheduled ..0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 Private ..0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 Debt forgiven ...0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction ..0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 S. DEll ~rO -L" RECONCIL LV 11ON Total change in debt stocks ..53 992 1,109 999 1,293 1,134 2.518 1,258 Net flows on debt .. 45 967 1,179 1,031 1,036 995 2,835 1,821 Net chang-e in interest arrears ...0 0 0 0 0 0 0 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 0 0 Cross-currency valuation ... 40 -13 -91 -55 160 149 -390 -563 Residual ... -32 38 21 24 97 -11 73 -1 9. WvERA(;E TERMS OF rFNCM IEi~ NTS ALL CREDITORS Interest (% . 14.1 7.6 7.6 7.2 6.1 6.6 6.1 5.6 8.5 Maturity (years) .. 8.5 10.7 9.7 13.0 12.5 12.1 12.2 6.8 10.2 Grace period (years) .. 3.5 4.5 4.4 4.4 3.9 3.8 3.9 3.5 3.5 Grant element (%k) .. -16.0 13.2 9.2 13.7 20.1 14.5 18.7 15.4 12.7 Ofricial creditors Interest (%) .. 8.0 2.7 7.3 6.6 5.8 6.3 6.0 4.6 6.0 Maturity (years) .. 14.9 25.5 9.0 14.1 14.6 13.2 13.3 9.4 18.9 Grace period (years) .. 3.4 10.0 4.4 4.9 4.7 4.4 4.3 4.2 5.2 Grant element (1k) .. 10.0 57.3 10.8 17.8 24.2 16.1 20.5 21.4 24.9 Pirivate creditors Interest (1k) .. 15.0 8.4 9.0 8.6 6.6 7.2 7.0 6.7 10.5 Maturity (years) .. 7.5 8.2 11.9 10.7 8.9 9.5 6.0 4.2 3.4 Grace period (years) .. 3.6 3.6 4.4 3.2 2.5 2.1 2.1 2.8 2.2 Grant element (1k) .. -19.8 5.8 3.6 5.2 13.1 10.7 8.6 9.3 3.0 Memorandum items Commitments .. 1,886 132 1,507 3,103 689 996 1,597 4,243 1,689 Official creditors .. 240 19 1,167 2,100 437 716 1,352 2,146 746 Private creditors .. 1,646 113 340 1,003 253 281 246 2,097 943 1(1. CON rAFL'.-1.BLI(; ~I IONS ON OU'TS.AN DI %G L-ONG-TERMI DEBI 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 765 387 244 171 134 91 57 42 25 19 Principal 1,515 2,197 902 1,206 1.116 694 609 473 414 305 Interest 574 466 377 327 277 208 170 139 114 94 Official creditors Disbursements 662 357 244 171 134 91 57 42 25 19 Principal 668 956 518 656 538 500 444 350 309 282 Interest 312 286 248 232 206 177 150 128 109 92 Bilateral creditors Disbursements 212 84 39 17 5 0 0 0 0 0 Principal 336 670 221 407 177 179 135 51 18 1 1 Interest 96 77 58 50 32 23 12 6 4 3 Multilateral creditors Disbursements 451 272 205 154 129 91 57 42 25 19 Principal 333 287 297 249 361 321 309 299 291 270 Interest 216 209 190 182 174 154 138 122 105 89 Private creditors Disbursemenlts 103 30 0 0 0 0 0 0 0 0 Pr-incipal 846 1,241 384 550 578 194 165 123 104 24 Interest 262 180 129 95 71 31 20 11 5 3 Commercial banks Disbursements 69 20 0 0 0 0 0 0 0 0 Principal 653 409 115 97 91 63 46 29 18 16 Interest 105 52 30 23 17 11 8 5 3 2 Other private Disbursements 33 10 0 0 0 0 0 0 0 0 Principal 194 832 269 453 488 131 118 95 86 8 Interest 157 128 99 72 54 20 12 6 1 1 452 RUSSIAN FEDERATION (US$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SLININ-A R I DEB'T DATA- TOTAL DEBT STOCKS (EDT) 59,797 67,772 78,356 111,731 121,478 120,443 125,166 125,645 Long-term debt (LDOD) .. 47,997 55,155 64,255 100,972 107,418 100,440 100,516 106,275 Public and publicly guaranteed ..47,997 55,155 64,255 100,972 107,418 100,440 100,516 104,370 Private nonguaranteed 0 0 0 0 0 0 0 1,905 Use of IMF credit 0 0 0 0 989 2,469 4,198 9,617 12,508 13,231 Short-term debt 11,800 12,618 13,112 8,291 9,862 10,386 12,143 6,139 of which interest arrears on LDOD 4,500 4.818 4,412 2,891 5,162 6,036 7,543 2,939 Official creditors ..0 0 479 628 1,028 1,430 1,966 2,132 Private creditors .. 4,500 4.818 3,934 2,262 4,134 4,606 5,577 807 Memo: principal arrears on LDOD ..0 158 6,583 6,966 13,720 22,484 25,699 6,563 Official creditors ..0 7 246 263 824 4,229 4,880 4,948 Private creditors 0 151 6,336 6,703 12,896 18,256 20,820 1,615 Memo: export credits ..15,056 22,218 36,068 39,846 41,992 47,644 45,790 47,386 TOTAL DEBT FLOWS Disbursements -.16,978 13,567 12,862 5,843 3,665 7,709 9,697 10,660 Long-term debt .. 16,978 13,567 11,849 4,338 2,120 2,255 5,940 8,641 IMF purchases 0 0 0 0 1,013 1,506 1,544 5,453 3,757 2,019 Principal repayments 7,942 9,392 994 1,438 2,180 3,119 2,931 1,711 Long-term debt 7,942 9,392 994 1,438 2,180 3,119 2,409 1,216 IMF repurchases 0 0 0 0 0 0 0 0 522 495 Net flows on debt -. -1,363 4,675 12,768 3,806 985 4,700 7,016 7,549 of which short-term debt -10,400 500 900 -600 -500 110 250 -1.400 Interest payments (INT) -- 3,884 4,101 356 748 1,260 2,743 4,076 5,063 Long-term debt .... 2642 3,042 356 655 1,085 2,449 3,607 4,481 IMF charges 0 0 0 0 0 78 175 294 470 582 Short-term debt ... 1,242 1,058 0 14 0 0 0 0 Net transfers on debt -.. -5,247 574 12,413 3,058 -275 1,957 2,940 2,485 Total debt service paid (TDS) . 11,826 13,493 1,349 2,186 3,439 5,862 7,007 6,774 Long-term debt ... 10,584 12,435 1,349 2,093 3,264 5,567 6,016 5,697 IMF repurchases and charges 0 0 0 0 0 78 175 294 992 1,077 Short-term debt (interest only) ... 1,242 1,058 0 14 0 0 0 0 2.A.GGRECATE, N El RESOURCE F1.0%% S AND NET TRANSFERS (LONG-TERMi NET RESOURCE FLOWS -.9,637 4,719 12,658 4,506 2,415 2,244 11,482 15,149 Net flow of long-term debt (ex. IMF) ... 9,037 4,175 10,856 2,900 -59 -864 3,531 7,424 Foreign direct investment (net) ...0 0 0 0 637 2,017 2,479 6,241 Portfolio equity flows ...0 0 0 0 271 141 5,008 1,206 Grants (excluding technical coop.) ... 600 544 1,802 1,606 1,566 949 464 278 Memo: technical coop. grants ...0 19 133 303 263 527 780 432 official net resource flows ... 4,074 4,250 3,323 2,451 2.005 991 4,016 2,696 private net resource flows ... 5,562 469 9,335 2,055 410 1,252 7,465 12,453 NET TRANSFERS .. 6,995 1,677 12,302 3,851 1,330 -205 7,875 10,668 Interest on long-term debt ... 2,642 3,042 356 655 1,085 2,449 3,607 4,481 Profit remittances on FDI ...0 0 0 0 0 0 0 0 Memo: official net transfers ... 3,962 3,965 3,265 2,388 1,626 -240 1,954 -43 private net transfers ... 3,033 -2,289 9,036 1,~463 -296 35 5,921 10,710 3. NtA.1O11 E( ONO.)MIC XGGREGAlI-ES Gross national product (GNP) ... 577,906 540,619 421,477 383,905 320,713 341,329 421,484 479,531 Exports of goods & services (XGS) ...... 54,783 65,785 77,526 92,905 104,720 103,800 of which workers remittances ......0 0 0 0 0 0 Imports of goods & services (MGS) ...... 54,315 63,110 68,730 86,511 95,645 100,870 International reserves (RES) ... .. . 9,818 7,206 18,024 16,258 17,748 Current account balance ......... 9,302 7,955 12,057 3,336 4. DlEWrI INDIlCATORS EDT/XGS (%) ...... 143.0 169.8 156.7 129.6 119.5 121.0 EDT /GNP 1%) .. 10.3 12.5 18.6 29.1 37.9 35.3 29.7 26.2 TDS /XGS ()...... 2.5 3.3 4.4 6.3 6.7 6.5 INT! XGS(% ...... 0.6 1.1 1.6 3.0 3.9 4.9 INT/ GNP %)... 0.7 0.8 0.1 0.2 0.4 0.8 1.0 1.1 RES /EDT (% .. .. . 8.8 5.9 15.0 13.0 14.1 RES ,'MGS (months) ... .. . 1.9 1.3 2.5 2.0 2.1 Short-term / EDT (%) ... 19.7 18.6 16.7 7.4 8.1 8.6 9.7 4.9 Concessional / EDT (%) ... 0.0 1.0 1.3 30.2 27.2 18.3 19.8 20.6 Multilateral ,'EDT (%) ... 0.7 0.6 0.7 1.1 1.3 1.6 2.2 4.2 453 RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. l.ONG-TlER-'% DEBI DEBT OUTSTAND]ING (LDOD) . . 47,997 55,155 64,255 100,972 107,418 100,440 100,516 106,275 Public and publicly guaranteed . . 47,997 55,155 64,255 100,972 107,418 100,440 100,516 104,370 Official creditors 5,915 9,508 10,821 54,267 62,995 57,404 63,053 62,554 Multilateral . . 439 413 538 1,278 1,532 1,985 2,762 5,296 Concessional 0 0 0 0 0 0 0 0 Bilateral ..5,476 9:095 10,283 52,989 61,463 55,419 60,290 57,258 Concessional .. 0 660 1.019 33,689 32,998 22,077 24,799 25,928 Private creditors . .. 42,082 45,647 53,435 46,705 44,424 43,036 37,464 41,816 Bonds . .. 1,891 1,863 1,740 1,626 1,776 1,115 1,074 4,585 Commercial banks . .. 17,916 16,840 18,511 15,879 16,381 16,719 15,696 29,380 Other private . .. 22,275 26,944 33,184 29,200 26,267 25,202 20,694 7.852 Private nonguaranteed . . 0 0 0 0 0 0 0 1,905 Bonds . .. 0 0 0 0 0 0 0 1.905 Commercial banks . .. 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 367 684 1,524 2,509 5.053 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS . . 16,978 13,567 11,849 4,338 2,120 2,255 5,940 8,641 Public and publicly guaranteed . .. 16,978 13,567 11,849 4,338 2,120 2,255 5,940 6,736 Official creditors . .. 3,713 3,966 1,705 1,067 718 959 4,038 2,820 Multilateral . .. 201 3 181 919 392 856 1,187 2,748 Concessional . .. 0 0 0 0 0 0 0 0 Bilateral . .. 3,512 3,963 1,524 148 326 104 2,852 72 Concessional . . 0 605 0 0 0 0 0 0 Private creditors . .. 13,265 9,602 10,144 3,270 1,403 1,296 1,902 3,916 Bonds . .. 310 0 0 0 0 0 1,000 3,555 Commercial banks . .. 484 1,013 2,434 104 3 15 0 0 Other private . .. 12,471 8,589 7,711 3,167 1,400 1,281 902 361 Private nonguaranteed . .. 0 0 0 0 0 0 0 1,905 Bonds . .. 0 0 0 0 0 0 0 1,905 Commercial banks . .. 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 1 371 283 824 1,097 2, 691 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYVMENTS . .. 7,942 9,392 994 1,438 2,180 3,119 2,409 1,216 Public and publicly guaranteed . .. 7,942 9,392 994 1,438 2,180 3,119 2,409 1,216 Official creditors . .. 239 259 184 222 279 917 485 402 Multilateral . .. 7 21 33 157 193 434 291 61 ConcessioDal . .. 0 0 0 0 0 0 0 0 Bilateral . .. 232 238 151 66 86 483 195 341 Concessional . .. 0 0 0 0 0 0 0 0 Private creditors . . 7,703 9,133 810 1,216 1,901 2,202 1,924 815 Bonds . .. 0 0 0 0 34 810 979 0 Commercial banks . .. 4,092 3,538 185 489 70 1 0 0 Other private . 3f611 5,595 625 726 1,797 1,390 944 815 Private nonguaranteed . . 0 0 0 0 0 0 0 0 Bonds . .. 0 0 0 0 0 0 0 0 Commercial baDks . 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 00 0 0 0 0 0 0 0 NET FLOWS ON DEBT . . 9,037 4,175 10,856 2,900 -59 -864 3,531 7,424 Public and publicly guaranteed . .. 9,037 4,175 10,856 2,900 -59 -864 3,531 5,519 Official creditors . .. 3,474 3,706 1,521 845 439 42 3,553 2.418 Multilateral . .. 194 -18 148 763 199 421 896 2,688 Concessional . .. 0 0 0 0 0 0 0 0 Bilateral . .. 3,280 3,724 1,373 83 240 -379 2,657 -269 Concessional . .. 0 605 0 0 0 0 0 0 Private creditors . .. 5,562 469 9,335 2,055 -498 -906 -22 3,101 Bonds . .. 310 0 0 0 -34 -810 21 3,555 Commercial banks . .. -3,608 -2,525 2,249 -386 -67 14 0 0 Other private . .. 8,860 2,994 7,086 2,440 -397 -109 -42 -454 Private nonguaranteed . . 0 0 0 0 0 0 0 1,905 Bonds . .. 0 0 0 0 0 0 0 1,905 Commercial banks . . 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 1 371 283 824 1,097 2,691 IDA 0 0 0 0 0 0 0 0 0 0 454 RUSSIAN FEDERATION (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) . .. 2,642 3,042 356 655 1,085 2,449 3,607 4,481 Public and publicly guaranteed . .. 2,642 3,042 356 655 1,085 2.449 3,607 4,481 Official creditors . .. 113 285 58 63 379 1.232 2,062 2,738 Multilateral ...17 25 7 40 101 133 153 200 Concessional ...0 0 0 0 0 0 00 Bilateral ... 95 260 51 23 278 1,099 1,909 2,538 Concessional . .. 0 0 0 0 39 184 363 406 Private creditors ... 2,530 2.757 298 592 706 1,217 1,544 1,743 Bonds . .. 96 122 132 118 121 140 58 216 Commercial banks . .. 1,441 1,277 131 317 1 597 1,147 1,240 Other private . .. 993 1.35 8 36 158 583 479 339 287 Private nonguaranteed . .. 0 0 0 0 0 0 0 0 Bonds ...0 0 0 0 0 0 0 0 Commercial banks . .. 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 12 38 57 121 178 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT . .. 6,395 1,133 10,500 2,245 -1,144 -3,312 -75 2,943 Public and publicly guaranteed . .. 6,395 1,133 10,500 2,245 -1,144 -3,312 -75 1,038 Official creditors ... 3,362 3,421 1,463 782 60 -1,189 1,491 -320 Multilateral ... 177 -43 141 723 98 289 743 2,488 Concessional .. 0 0 0 0 0 0 0 0 Bilateral ... 3,185 3,464 1,322 59 -38 -1,478 748 -2,808 Concessional ...0 605 0 0 -39 -184 -363 -406 Private creditors ... 3,033 -2,289 9.036 1,463 - 1.204 -2,123 -1,566 1,358 Bonds ... 214 -122 -132 -118 -155 -951 -38 3,339 Commercial banks ... -5,049 -3,802 2.118 -702 -68 -584 -1,147 -1,240 Other private ... 7.867 1.635 7,050 2,283 -981 -589 -382 -741 Private nonguaranteed . . 0 0 0 0 0 0 0 1,905 Bonds ...0 0 0 0 0 0 0 1,905 Commercial banks . .. 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 1 360 245 767 976 2,513 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) . .. 10,584 12,435 1,349 2,093 3,264 5,567 6,016 5,697 Public and publicly guaranteed . .. 10,584 12,435 1,349 2,093 3,264 5,567 6,016 5,697 Official creditors ... 351 545 242 285 657 2,149 2,548 3,140 Multilateral ... 24 46 40 196 293 567 444 261 Concessional ...0 0 0 0 0 0 0 0 Bilateral ... 327 498 202 89 364 1,582 2,104 2,879 Concessional ...0 0 0 0 39 184 363 406 Private creditors ... 10,233 11,890 1,108 1,808 2.607 3,419 3,468 2,557 Bonds . .. 96 122 132 118 155 951 1,038 216 Commercial banks . .. 5,533 4,814 316 806 71 599 1,147 1,240 Other private ... 4.604 6.953 661 884 2.380 1.870 1.284 1.102 Private nonguaranteed . . 0 0 0 0 0 0 0 0 Bonds ...0 0 0 0 0 0 0 0 Commercial banks . .. 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 12 38 57 121 178 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT . .. 1,301 5,776 6,793 7,478 8,581 9,589 8,088 7,104 Official creditors ... 62 1,876 2,454 2,485 3,495 4,814 4,663 5,114 Private creditors ... 1,240 3,900 4,339 4,993 5,086 4,775 3,426 1,991 Memorandum items Concessional LDOD . .. 0 660 1,019 33,689 32,998 22,077 24,799 25,928 Variable rate LDOD . .. 17,749 26.679 36,302 48,837 49,262 49,879 51,709 66,923 Public sector LDOD . .. 47,997 55,155 64,255 100,972 107,418 100,440 100,516 104,370 Private sector LDOD . .. 0 0 0 0 0 0 0 1,905 6. (URRENC I C(NIPCS~I' JON OF l.(J\G-TEIRM DEBT 'PERC LNTI' Deutsche mark ... 34.1 38.7 39.6 24.5 28.5 35.3 39.0 29.4 French franc ... 6.1 4.5 4.4 1.6 1.2 1.5 1.9 0.6 Japanese yen ... 2.9 2.7 2.4 1.7 1.9 2.0 1.8 0.2 Pound sterling ... 2.3 1.8 1.2 0.6 0.4 0.4 0.4 0.1 Swiss franc , . 6.4 4.8 3.7 2.3 2. 4 2.8 2.4 0.1 U.S.dollars ... 33.5 34.1 37.1 62.4 59.1 51.3 48.4 64.2 Multiple currency ... 0.0 0.0 0.0 0.4 0.6 1.5 2.5 4.8 Special drawing rights ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ... 14.6 13.5 11.6 6.5 5.8 5.2 3.6 0.6 455 RUSSIAN FEDERATION (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DFEBIT R Es'rlRL C'i-t RINGS Total amount rescheduted 0 0 0 14,498 8.339 7,166 7,367 34,656 Debt stock rescheduled 0 0 0 0 0 0 0 121 Principal rescheduled 0 0 0 9,227 5.830 5.427 5,568 29,111 Official ...0 0 0 274 342 2,069 2,338 3,842 Private ..0 0 0 8,954 5,488 3,358 3,230 25,269 Interest rescheduled ...0 0 0 4,334 2,186 1,122 1,006 5,263 Official ..0 0 0 393 705 547 432 581 Private ...0 0 0 3,941 1,481 575 574 4,682 Debt forgiven ...0 0 0 0 0 0 0 0 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction ...0 0 0 0 0 0 0 5 of which debt buvback ...0 0 0 0 0 0 0 0 Total change in debt stocks ... 5,875 7.975 10,584 33,375 9,747 -1,035 4,723 479 Net flows on debt ... -1,363 4,675 12,768 3,806 985 4,700 7,016 7,549 Net change in interest arrears ... 4,000 318 -406 -1,521 2,271 874 1,507 -4,603 Interest capitalized ...0 0 0 4.334 2,186 1,122 1,006 5,263 Debt forgiveness or reductionD.. 0 0 0 0 0 0 0 -5 Cross-currency valuation ... 4,408 -501 -2,706 -2,058 4,910 3,733 -4,001 -4,482 Residual ... -1.170 3,484 927 28,814 -605 -11,464 -805 -3,242 9..I ER.%Gl: ' lE R-NIS OF NE%% (ONI %IIINlE NiFS ALL CREDITORS Interest (%M.. 8.3 7.1 6.3 4.3 6.6 7.0 7.6 7.9 Maturity (years) ... 21.1 10.4 7.6 7.3 12.9 14.1 9.9 12.6 Grace period (years) ... 6.0 3.4 1.9 2.1 4.0 4.7 4.5 6.8 Grant element (%) ... 8.5 10.8 11.5 18.0 15.8 15.9 11.6 12.2 Official creditors Interest (14) ... 8.4 5.7 5.4 4.5 6.8 7.0 6.2 6.4 Maturity (years) ... 11.4 7.9 8.2 13.4 16.1 16.0 11.1 16.5 Grace period (years) ... 5.9 3.1 2.8 4.2 5.1 5.0 4.2 5.3 Grant element (%) ... 7.8 17.3 15.1 29.0 18.8 17.3 17.5 21.7 Private creditors Interest (%) ... 8.3 7.8 6.4 4.2 6.4 7.0 10.9 9.3 Maturity (years) ... 23.6 11.6 7.5 5.5 7.9 9.2 7.1 9.1 Grace period (years) ... 6.1 3.5 1.7 1.5 2.1 3.8 5.2 8.3 Grant element (%) ... 8.7 7.6 10.8 14.7 11.2 12.3 -2.3 3.2 Memorandum items Commitments ... 17,932 18,063 13,065 5.752 3,633 3,422 6,714 7,746 Official creditors ... 3,755 5.988 2,301 1.303 2,224 2,474 4,708 3,759 Private creditors ... 14,177 12,075 10.764 4.449 1,409 948 2,007 3,988 WI. CO(1 RACTU IL'L OBLIG %. I IONS (IN (fl'TST.%\DIN(, LONG- UER~I% 11E:111 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 3~050 1,785 941 511 274 200 130 95 61 39 Principal 4,660l 3,111 10,365 3,599 4.146 4,135 4,723 4,226 4,501 7,327 Interest 5,450 5,794 5,888 5,772 5,883 5,615 5,301 5,013 4,732 4,315 Official creditors Disbursements 1.911 1,214 734 450 263 200 130 95 61 39 Principal 2.135 1,762 8.546 1,928 2,771 2,738 2.627 2,752 2,801 2,904 Interest 3,233 3,541 3,512 3,352 3,205 3,033 2,846 2,677 2,497 2,317 Bilateral creditors Disbursements 191 186 78 30 10 30 0 0 0 Principal 2,002 1,531 8,187 1,459 2.188 1.970 1,789 1,914 1,963 2,066 Interest 2,841 3,046 2,989 2,825 2,693 2.548 2,403 2,282 2,152 2.023 Multilateral creditors Disbursements 1,~720 1,029 655 420 252 197 130 95 6 1 39 Principal 133 232 359 469 583 768 838 838 838 838 Interest 392 495 523 527 512 485 442 395 345 294 Private creditors Disbursements 1.140 571 207 61 12 0 0 0 0 0 Principal 2,525 1,348 1,819 1,671 1,375 1,397 2,096 1,474 1,700 4,423 Interest 2,217 2,253 2,376 2,421 2.678 2.582 2,456 2,336 2,235 1,997 Commercial banks Disbursements 36 14 2 0 0 0 0 0 0 0 Principal 81 69 37 37 309 608 604 1,103 1,541 1,944 Interest 1,290 1,336 1.525 1,706 2, 160 ',137 2,096 2,053 1,975 1,866 Other private Disbursements 1,104 557 205 61 12 0 0 0 0 0 Principal 2,444 1,279 1,782 1,634 1,066 789 1,492 372 159 2,479 Interest 928 980 851 715 519 444 360 284 260 132 456 RWANDA (US$ mnillion, untless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. siRTNUflDEBT 'DAF.% TOTAL DEBT STOCKS (EDT) .. 190 712 810 857 909 952 1,029 1,043 1,111 Long-term debt ([DOD) 2 150 665 747 790 838 905 970 985 994 Public and publicly guaranteed 2 150 665 747 790 838 905 970 985 994 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 3 14 0 13 12 12 13 26 24 40 Short-term debt -- 26 47 50 55 59 34 32 34 77 of which interest arrears on LDGD ..0 2 3 6 10 16 18 20 29 Official creditors ..0 2, 3 6 10 15 18 20 29 Private creditors 0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD ..0 8 10 16 24 41 46 56 68 Official creditors ..0 8 10 16 24 39 44 54 66 Private creditors ..0 0 0 0 1 2 2 2 1 Memo: export credits ... 41 41 34 21 24 29 28 26 TOTAL DEBT FLOWS Disbursements 0 34 62 101 81 61 22 68 62 92 Long-term debt 0 27 62 89 81 61 22 54 62 72 IMF purchases 0 6 0 12 0 0 0 14 0 21 Principal repayments 1 3 10 12 10 11 2 11 10 13 Long-termdcebt 0 3 9 11 10 11 2 11 9 10 IMFErepurchases 1 0 1 0 0 0 0 0 1 2 Net flows on debt -1 31 55 91 73 50 -11 53 52 114 of which short-term debt ...2 2 2 0 -31 -4 0 34 Interest payments (INT) -.5 11 12 12 10 3 9 7 10 Long-term debt 0 2 6 6 5 4 2 8 6 7 IMF charges 0 0 0 0 0 0 0 0 1 1 Short-term debt ..3 5 6 6 6 1 1 1 2 Net transfers on debt .. 26 43 79 61 39 -14 44 45 104 Total debt service paid (TDS) ..8 21 23 21 22 4 20 18 22 Long-term debt 04 15 18 15 15 3 20 15 17 IMF Tepurchases and charges 1 0 1 0 0 0 0 0 2 3 Short-term debt (interest only) ..3 5 6 6 6 1 1 1 2 2. A%GGREG VI E NE'l RF.SOL'RCE FLO% S AND NETf TR NSFERS i LONG-TERIMp NET RESOURCE FLOWS 10 109 206 251 263 269 618 609 578 509 Net flow of long-termn debt (ex. IMF) 0 25 53 77 71 50 20 43 53 62 Foreign direct investment (net) 0 16 8 5 2 6 1 1 1 1 Portfolio equity flowvs 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 10 68 145 169 190 214 597 566 523 447 Memo: technical coop. grants 12 55 92 98 96 90 107 107 108 97 official net resource flows 10 95 200 247 262 263 617 608 577 508 private net resource flows 0 14 6 4 1 6 1 1 1 1 NET TRANSFERS 10 98 194 240 255 261 615 601 572 502 Interest on long-term deht 0 2 6 6 5 4 2 8 6 7 Profit remittances onFDI 0 9 6 5 3 4 2 0 0 0 Memo: official net transfers 10 93 194 241 257 259 616 600 571 501 private net transfers 0 4 0 -2 -2 2 -1 I 1 1 3. MIA,I0R ECONOMIC AGGREGA-TES Gross national product (GNP) 220 1.165 2,572 1,901 2,027 1.960 746 1,332 1,382 1,850 Exports of goods & services (XGS) .. 184 150 143 105 108 42 99 89 165 of which workers remittances ..I 1 1 0 3 0 0 0 5 Imports of goods & services (MGS) .. 335 380 357 371 422 624 391 388 512 International reserves (RES) .. 187 44 110 79 48 ... 107 153 Current account balance .. -48 -86 -34 -83 -129 -60 58 -7 -93 4. DEBT INDIC.AtIORS EDT!XGS (% . 103.5 474.5 567.6 819.4 842.4 2,266.0 1,038.9 1,172.0 673.3 EDT /GNP (% . 16.3 27.7 42.6 42.3 46.4 127.5 77.2 75.5 60.0 TDS / XGS (% . 4.1 14.0 16.4 20.3 19.9 9.9 20.4 19.8 13.3 INT/'XGS (% . 2.7 7.5 8.3 11.1 9.7 6.4 8.9 8.3 5.8 INTI/ GNP(% .. 0.4 0.4 0.6 0.6 0.5 0.4 0.7 0.5 0.5 RES,/ EDT (%) .. 98.3 6.2 13.6 9.2 5.2 ... 10.2 13.8 RES / MGS (months) .. 6.7 1.4 3.7 2.5 1.3 ...3.3 3.6 Short-term!/ EDT f%Y) .. 13.7 6.6 6.2 6.4 6.5 3.5 3.1 3.3 6.9 Concessional / EDT (§1) .. 74.4 92.6 91.7 91.8 91.9 94.8 93.5 93.6 88.7 Multilateral! /EDT (%) .. 47.8 76.2 75.6 75.6 75.7 79.2 78.9 79.9 76.5 457 RWANDA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LON(.-TERNI DEBT- DEBT OUTSTANDING (LDOD) 2 150 665 747 790 838 905 970 985 994 Public and publicly guaranteed 2 150 665 747 790 838 905 970 985 994 Official creditors 2 143 661 745 788 836 904 968 983 992 Multilateral 0 91 542 613 648 688 754 811 834 850 Concessional 0 91 541 612 648 688 754 811 833 850 Bilateral 1 52 119 132 140 148 1S0 157 149 142 Concessional 1 51 118 131 139 147 149 150 143 136 Private creditors 0 8 4 3 2 1 2 2 2 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 8 4 3 2 1 2 2 2 1 Private nongutaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 58 340 390 408 446 474 512 536 558 DISBURSEMENTS 0 27 62 89 81 61 22 54 62 72 Public and publicly guaranteed 0 27 62 89 81 61 22 54 62 72 Official creditors 0 27 62 89 81 61 22 54 62 72 Multilateral 0 21 37 72 63 49 20 54 62 67 Concessional 0 20 37 72 63 49 20 54 62 67 Bilateral 0 7 26 16 17 11 2 0 0 5 Concessional 0 7 25 16 17 11 2 0 0 3 Private creditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 10 22 48 32 39 12 35 43 53 PRINCIPAL REPAYMENTS 0 3 9 It 10 11 2 11 9 10 Public and publicly guaranteed 0 3 9 11 10 11 2 11 9 10 Official creditors 0 0 7 10 9 1 1 2 1 1 9 10 Multilateral 0 0 5 6 6 10 2 11 8 9 Concessional 0 0 5 6 5 10 2 1 1 7 8 Bilateral 0 0 2 4 3 1 0 0 2 2 Concessional 0 0 2 4 3 1 0 0 1 1 Private creditors 0 2 2 1 1 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 2 2 1 1 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonids 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 2 2 3 1 6 5 5 NET FLOWS ON DEBT 0 25 53 77 71 50 20 43 53 62 Public and publicly guaranteed 0 25 53 77 71 50 20 43 53 62 Official creditors 0 27 55 78 72 50 20 43 53 62 Multilateral 0 20 32 66 58 39 19 43 55 59 Concessional 0 20 32 66 58 39 19 43 55 59 Bilateral 0 7 23 12 14 10 2 0 -2 3 Concessional 0 7 22 12 14 10 2 0 -1 2 Private creditors 0 -2 -2 -1 -1 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 -2 -2 -1 -1I 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 10 21 47 30 37 1 1 29 38 48 458 RWANDA (US$ million, unzless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0 2 6 6 5 4 2 8 6 7 Public and publicly guaranteed 0 2 6 6 5 4 2 8 6 7 Official creditors 0 1 6 6 5 4 2 8 6 7 Multilateial 0 1 4 4 4 4 2 8 6 7 Concessional 0 1 4 4 4 4 2 8 6 7 Bilateral 0 1 2 2 1 0 0 0 0 0 Concessional 0 0 1 2 1 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 2 2 3 3 1 7 4 5 NET TRANSFERS ON DEBT 0 23 47 71 66 45 19 34 47 55 Public and publicly guaranteed 0 23 47 71 66 45 19 34 47 55 Official creditors 0 26 49 72 67 45 19 34 47 5 Multilateral 0 20 28 62 53 35 17 35 49 52 Concessional 0 19 28 62 53 35 17 35 49 52 Bilateral 0 6 22 11 14 10 2 0 -2 3 Concessional 0 6 21 11 14 10 2 0 -1 2 Private creditors 0 -3 -2 -1 -1 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 -3 -2 -1 -1 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 000 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 10 18 44 27 33 1 1 22 35 43 DEBT SERVICE (LIDS) 0 4 15 18 15 15 3 20 15 17 Public and publicly guaranteed 0 4 15 18 15 15 3 20 15 17 Official creditors 0 2 13 17 14 15 3 20 15 17 Multilateral 0 1 9 1 1 10 15 3 20 14 15 Concessional 0 1 9 10 10 15 3 19 13 15 Bilateral 0 1 4 6 4 1 0 0 2 2 Concessional 0 0 4 6 4 1 0 0 1 1 Private creditors 0 3 2 1 1 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 3 2 1 1 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 00 0 0 0 0 0 0 0 0 Commercial barnks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 3 4 5 6 1 12 8 10 UNDISBURSED DEBT 10 110 467 566 513 498 452 408 297 247 Official creditors 10 110 460 559 507 498 452 408 297 247 Private creditors 0 0 6 7 7 0 0 0 0 0 Memorandum items Concessional LDOD 2 141 659 743 787 835 903 961 977 985 Variable rate LDOD 0 0 0 0 0 0 0 0 0 0 Public sector LDOO 2 150 665 747 790 838 905 970 985 994 Privatecsector LDOD 0 0 0 0 0 0 0 0 0 0 6. t t'RRENL Y t ON~IPOSl liON OF LONG- FERNI D)EIIr PERt EN I-) Deutsche mark 46.2 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc 0.0 7.3 3.9 5.0 6.3 5.8 5.7 7.6 8.1 7.5 Japanese yen 0.0 4.5 1.5 1.4 1.3 1.4 1.4 1.3 1.1 1.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 10.3 48.0 38.6 42.2 43.8 45.9 45.1 45.8 47.9 50.8 Multiple currency 0.0 5.9 14.9 13.4 13.2 12.4 12.1 11.3 11.4 10.5 Special drawing rights 0.0 0.0 6.2 5.5 5.0 4.6 4.5 4.2 4.0 3.8 All other currencies 43.5 33.5 34.8 32.5 30.4 29.8 31.3 29.9 27.4 26.5 459 RWANDA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DELB' 'RESTRI UI LRUMGS Total amount rescheduled 0 0 0 0 0 0 0 6 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 5 0 0 Official 0 0 0 0 0 0 0 5 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 2 0 0 Official 0 0 0 0 0 0 0 2 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgivcn ...0 0 0 0 0 0 0 0 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8. DLBi I S r-OCK-FLJ)1~ RECOINCII.1 Ul1-ON Total change in debt stocks ... 88 98 47 52 43 77 15 68 Net flows on debt ... 55 91 73 50 -11 53 52 114 Net change in interest arrears ...0 1 3 4 6 2 2 9 Interest capitalized ...0 0 0 0 0 2 0 0 Debt forgiveness or reduction ...0 0 0 0 0 0 0 0 Cross-currency valuation ... 22 0 -15 -5 22 15 -16 -28 Residual ... 12 6 -13 4 27 6 -24 -27 9. X ERA6E TERMS OF NE%% COMMUNlTIEN\r S ALL CREDITORS Interest (%) 0.8 1.5 1.4 0.8 1.1 0.6 0.0 0.7 0.8 0.5 Maturity (years) 50.0 39.4 33.9 41.9 42.1 32.1 0.0 39.7 39.6 39.8 Grace period (years) 10.5 8.7 9.0 10.7 9.5 10.1 0.0 10.3 10.1 10.3 Grant element (%) 83.4 70.1 71.3 81.2 76.3 77.2 0.0 80.6 80.4 82.9 Official creditors Interest (% 0.8 1.5 1.4 0.8 1.1 0.6 0.0 0.7 0.8 0.5 Maturity (years) 50.0 39.4 33.9 41.9 42.1 32.1 0.0 39.7 39.6 39.8 Grace period (years) 10.5 8.7 9.0 10.7 9.5 10.1 0.0 10.3 10.1 10.3 Grant element (%) 83.4 70.1 71.3 81.2 76.3 77.2 0.0 80.6 80.4 82.9 Private creditors Interest (% 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 9 48 72 181 56 61 0 50 5 50 Official creditors 9 48 72 181 56 61 0 50 5 50 Private creditors 0 0 0 0 0 0 0 0 0 0 I'). (ONTRAC'I UAL OHLIGXvl1ONS ON 01 ThT.ANDI)Gi LO%(,-]rERNI DE t 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursemenits 52 40 25 12 5 2 1 0 0 0 Principal 26 27 28 27 28 29 30 30 30 30 Interest 9 9 9 8 8 8 7 7 7 6 Offcial creditors Disbursements 52 40 25 12 5 2 1 0 0 0 Principal 26 27 28 27 28 29 30 30 30 30 Interest 9 9 9 8 8 8 7 7 7 6 Bilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 9 10 10 8 8 7 7 7 5 4 Interest 2 2 2 1 1 1 1 1 1 1 Multilateral creditors Disbursements 51 39 25 12 5 2 1 0 0 0 Principal 17 17 19 19 20 22 23 24 25 26 Interest 7 7 7 7 7 7 7 6 6 6 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 lnterest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 460 SAMOA (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SI %M_VRJY DEBTl 1) A IA TOTAL DEBT STOCKS (EDT) .. 60.2 92.0 140.7 117.9 193.8 156.9 170.4 166.9 156.3 Long-term debt (LDOD) 2.7 53.4 91.0 113.4 117.8 140.4 156.7 168.1 162.8 148.3 Public and publiclv guaranteed 2.7 53.4 91.0 113.4 117.8 140.4 156.7 168.1 162.8 148.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 5.8 0.8 0.2 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 1.0 0.1 27.1 0.1 53.4 0.2 2.3 4.1 8.0 of which interest arrears on LDOD .. 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 Official creditors .. 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. 0.0 0.0 0.0 0.0 0.2 0.0 0.0 0.0 0.0 Official creditors .. 0.0 0.0 0.0 0.0 0.2 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits ... 2.0 1.0 1.0 0.0 0.0 0.0 0.0 0.0 TOTA-L DEBT FLOWS Disbursements 2.4 11.2 15.3 24.1 12.2 24.0 11.8 12.7 3.7 2.7 Long-term debt 2.4 10.5 15.3 24.1 12.2 24.0 11.8 1 2.7 3.7 2.7 IMF purchases 0.0 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.1 2.8 4.1 3.5 3.5 2.8 3.7 3.0 3.1 3.2 Long-term debt 0.1 2.3 3.3 2.9 3.3 2.8 3.7 3.0 3.1 3.2 IMF repurchases 0.0 0.5 0.9 0.6 0.2 0.0 0.0 0.0 0.0 0.0 Net flows on debt 2.3 8.4 11.3 47.5 -18.2 74.3 -45.0 tl1.9 2.4 3.4 of which short-term debt ... 0.1 26.9 -26.9 53.1 -53.1 2.1 1.8 3.9 Interest payments lINT) .. 2.7 1.3 2.0 1.3 2.6 2.8 1.7 1.9 1.8 Long-term debt 0.0 2.3 1.2 1.2 1.3 1.3 1.4 1.6 1.6 1.5 IMF charges 0.0 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.2 0.0 0.7 0.0 1.3 1.3 0.1 0.3 0.3 Net transfers on debt .. 5.7 10.0 45.5 -19.5 71.7 -47.7 10.2 0.5 1.6 Total debt service paid (TDS) .. 5.5 5.5 5.5 4.8 5.4 6.4 4.6 5.0 5.0 Long-term debt 0.1 4.6 4.5 4.1 4.6 4.1 5.1 4.6 4.7 4.7 IMF repurchases and charges 0.0 0.7 1.0 0.7 0.2 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 0.2 0.0 0.7 0.0 1.3 1.3 0.1 0.3 0.3 2. %GGRl-_.GArE NE[r RESOLuRCE FI.O%kS. AND -NEI T RANSFERS it-ONG- UERI%ll NET RESOURCE FLOWS 2.3 17.1 39.3 47.1 35.9 48.2 36.8 33.6 17.6 11.1 Net flow of long-term debt (ex. IMF) 2.3 8.2 12.1 21.1 8.9 21.2 8.1 9.8 0.6 -0.5 Foreign direct investment (net) 0.0 0.0 7.0 3.0 5.0 5.0 3.0 3.0 4.0 4.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 0.0 8.9 20.2 23.0 22.0 22.0 25.7 20.8 13.0 7.6 Memo: technical coop. grants 0.9 9.6 13.9 12.0 17.0 16.9 17.6 16.9 20.3 21.1 official net resource flows 2.4 18.9 32.3 44.1 31.4 43.5 34.4 30.6 13.6 7.1 private net resource flows -0.1 -1.8 7.0 3.0 4.6 4.7 2.4 3.0 4.0 4.0 NET TRANSFERS 2.3 14.8 38.1 46.0 34.6 46.9 35.4 32.0 15.9 9.6 Interest on long-term debt 0.0 2.3 1.2 1.2 1.3 1.3 1.4 1.6 1.6 1.5 Profit remittances on FDI 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers 2.4 17.5 31.2 43.0 30.2 42.2 33.0 29.0 12.0 5.6 private net transfers -0. 1 -2.7 6.9 2.9 4.5 4.7 2.4 3.0 4.0 4.0 3. MAI.JlR ECONOMIC .%GGREGIATES Gross national product (GNP) ... 150.9 149.1 151.5 154.6 173.2 196.0 176.3 195.1 Exports of goods & services (XGS.) .. 44.4 93.9 78.5 87.7 77.8 87.2 108.3 123.5 129.9 of which workers remittances .. 18.7 42.8 34.1 39.1 31.3 36.5 39.2 42.7 44.9 Imports of goods & services (MGS) .. 74.3 96.3 114.7 135.9 130.0 101.7 119.8 127.7 143.7 International reserves (RES) . .. .. .. Current account balance .. -12.9 8.6 -25.6 -52.5 -37.7 5.8 9.3 12.3 9.1 EDT/XGS(% . 135.6 97.9 179.3 134.4 249.1 180.0 157.3 135.2 120.4 EDT, GNP ()... 60.9 94.4 77.8 125.3 90.6 86.9 94.7 80.1 TDS/ XGS (% . 1.3 5.8 7.0 5.5 6.9 7.4 4.3 4.0 3.9 INT /XGS (% . 6.0 1.4 2.6 1.5 3.4 3.2 1.5 1.5 1.4 INTi GNP ()... 0.9 1.3 0.9 1.7 1.6 0.8 1.1 0.9 RES/EDT(% .. .. .. .. RES /MGS (months)... ..... . Short-term / EDT (%) .. 1.7 0.2 19.2 0.1 27.5 0.1 1.3 2.5 5.1 Concessional / EDT 5% . 6.2 90.5 74.4 93.7 68.7 95.5 94.6 94.0 91.9 Multilateral / EDT (%) .. 54.2 88.2 74.1 93.3 64.8 92.9 92.2 91.1 88.3 461 SAMOA (US$ million, unless otherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 5. LONG-TER'.I DEBT DEBT OUTSTANDING (LDOD) 2.7 53.4 91.0 113.4 117.8 140.4 156.7 168.1 162.8 148.3 Public and publicly guaranteed 2.7 53.4 91.0 113.4 117.8 140.4 156.7 168.1 162.8 148.3 Official creditors 2.4 45.1 89.6 112.2 117.0 139.9 156.7 168.1 162.8 148.3 Multilateral 2.4 32.6 81.1 104.2 110.1 125.6 145.8 157.1 152.1 138.0 Concessional 2.4 32.6 76.5 98.0 104.2 119.1 138.9 150.3 146.2 133.3 Bilateral 0.0 12.5 8.5 7.9 6.9 14.2 11.0 11.0 10.7 10.3 Concessional 0.0 1.2 6.7 6.8 6.3 14.0 11.0 11.0 10.7 10.3 Private creditors 0.3 8.3 1.4 1.2 0.8 0.6 0.0 0.0 0.0 0.0 Bonds 0.0 4.5 1.4 1.2 0.8 0.6 0.0 0.0 0.0 0.0 Commercial banks 0.0 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.3 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 6.3 18.3 25.2 31t.8 40.2 43.3 44.7 43.2 41.8 DISBURSEMENTS 2.4 10.5 15.3 24.1 12.2 24.0 11.8 12.7 3.7 2.7 Public and publicly guaranteed 2.4 10.5 15.3 24.1 12.2 24.0 11.8 12.7 3.7 2.7 Official creditors 2.4 10.5 15.3 24.1 12.2 24.0 11.8 12.7 3.7 2.7 Multilateral 2.4 10.5 15.0 23.8 12.2 15.9 11.6 12.6 3.6 2.6 Concessional 2.4 10.5 14.7 21.9 11.7 14.7 11.5 12.5 3.6 2.6 Bilateral 0.0 0-0 0.4 0 3 00 St1 02 0.2 0.0 0.0 Concessional 0.0 0.0 0.4 0.3 0.0 8.1 0.2 0.2 0.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 2.0 3.5 6.7 7.4 8.6 1.7 0.7 0.0 0.8 PRINCIPAL REPAYMENTS 0.1 2.3 3.3 2.9 3.3 2.8 3.7 3.0 3.1 3.2 Public and publicly guaranteed 0.1 2.3 3.3 2.9 3.3 2.8 3.7 3.0 3.1 3.2 Official creditors 0.0 0.5 3.3 2.9 2.8 2.5 3.1 3.0 3.1 3.2 Multilateral 0.0 0.3 2.2 2.2 2.0 1.7 2.6 2.6 2.8 2.9 Concessional 0.0 0.3 2.0 1.9 1.7 1.7 1.8 2.1 2.2 2.3 Bilateral 0.0 0.1 1.0 0.7 0.8 0.7 0.5 0.3 0.3 0.3 Concessionial 0.0 0.0 0.0 0.2 0.3 0.3 0.3 0.3 0.3 0.3 Private creditors 0.1 1.8 0.0 0.0 0.4 0.3 0.6 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.4 0.3 0.6 0.0 0.0 0.0 Commercial banks 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.1 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 0.3 0.3 NET FLOWS ON DEBT 2.3 8.2 12.1 21.1 8.9 21.2 8.1 9.8 0.6 .0.5 Public and publicly guaranteed 2.3 8.2 12.1 21.1 8.9 21.2 8.1 9.8 0.6 .0.5 Official creditors 2.4 10.0 12.1 21.1 9.4 21.S 8.7 9.8 0.6 -0.5 Multilateral 2.4 10.2 12.8 21.6 10.2 14.1 9.0 9.9 0.9 -0.2 Concessional 2.4 10.2 12.7 20.0 9.9 12.9 9.7 10.4 1.4 0.3 Bilateral 0.0 -0. 1 -0.7 -0.5 -0.8 7.4 -0.3 -0. 1 -0.3 -0.3 Concessional 0.0 0.0 0.3 0.1 -0.3 7.8 -0.1I -0.1 -0.3 -0.3 Private creditors -0.1 -1.8 0.0 0.0 -0.4 -0.3 -0.6 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 -0.4 -0.3 -0.6 0.0 0.0 0.0 Commercial banks 0.0 -0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private -0.1 -1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 nfl 0 0 0 0 0-0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 2.0 3.4 6.6 7.3 8.5 1.6 0.5 -0.3 0.5 462 SAMOA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0.0 2.3 1.2 1.2 1.3 1.3 1.4 1.6 1.6 1.5 Public and publicly guaranteed 0.0 2.3 1.2 1.2 1.3 1.3 1.4 1.6 1.6 1.5 Official creditors 0.0 1.4 1.1 1.1 1.2 1.3 1.4 1.6 1.6 1.5 Multilateral 0.0 0.3 0.7 0.9 1.0 1.1 1.3 1.5 1.6 1.4 Concessional 0.0 0.3 0.7 0.8 0.9 1.1 1.2 1.3 1.4 1.3 Bilateral 0.0 1.1 0.4 0.2 0.2 0.2 0.1 0.1 0.1 0.1 Concessional 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Private creditors 0.0 0.9 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.3 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.2 0.3 0.3 0.3 0.3 0.3 NET TRANSFERS ON DEBT 2.3 5.9 10.9 20.0 7.6 19.9 6.7 8.2 -1.1 -2.0 Public and publicly guaranteed 2.3 5.9 10.9 20.0 7.6 19.9 6.7 8.2 -1.1 -2.0 Official creditors 2.4 8.6 11.0 20.0 8.1 20.2 7.3 8.2 -1.1 -2.0 Multilateral 2.4 9.9 12.0 20.7 9.1 13.0 7.7 8.4 -0.7 -1.7 Concessional 2.4 9.9 12.0 19.2 9.0 11.9 8.5 9.1 0.0 -1.0 Bilateral 0.0 -1.3 -1.1 -0.7 -1.0 7.2 -0.4 -0.2 -0.4 -0.4 Concessional 0.0 -0. 1 0.2 0.0 -0.4 7.7 -0.2 -0.2 -0.4 -0.4 Private creditors -0.1 -2.7 -0.1I -0. 1 -0.5 -0.3 -0.6 0.0 0.0 0.0 Bonds 0.0 -0.3 -0.1I -0.1 -0.5 -0.3 -0.6 0.0 0.0 0.0 Commercial banks 0.0 -1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private -0. 1 -1.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonids 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 2.0 3.3 6.5 7.1 8.3 1.3 0.2 -0.6 0.2 DEBT SERVICE (LTDS) 0.1 4.6 4.5 4.1 4.6 4.1 5.1 4.6 4.7 4.7 Public and publicly guaranteed 0.1 4.6 4.5 4.1 4.6 4.1 5.1 4.6 4.7 4.7 Official creditors 0.0 1.9 4.4 4.0 4.1 3.8 4.5 4.6 4.7 4.7 Multilateral 0.0 0.6 3.0 3.1 3.1 2.9 3.8 4.1 4.3 4.3 Concessional 0.0 0.6 2.7 2.7 -2.7 2.8 3.0 3.4 3.6 3.6 Bilateral 0.0 1.3 1.4 1.0 1.0 0.9 0.6 0.4 0.4 0.4 Concessional 0.0 0.1 0.1 0.3 0.4 0.4 0.4 0.4 0.4 0.4 Private creditors 0.1 2.7 0.1 0.1 0.5 0.3 0.6 0.0 0.0 0.0 Bonds 0.0 0.3 0.1 0.1 0.5 0.3 0.6 0.0 0.0 0.0 Commercial banks 0.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.1 1.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.2 0.3 0.3 0.4 0.4 0.5 0.6 0.6 UNDISBURSED DEBT 0.3 24.9 56.7 36.1 35.4 25.8 14.9 10.9 8.9 5.9 Official creditors 0.3 24.9 56.7 36.1 35.4 25.8 14.9 10.9 8.9 5.9 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD 2.4 33.9 83.3 104.8 110.5 133.1 149.8 161.2 156.8 143.6 Variable rate LDOD 0.0 1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD 2.7 53.4 91.0 113.4 117.8 140.4 156.7 168.1 162.8 148.3 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. (. t RRENCI- (--JUlPO)Sl1flON OF LA)NG-TTERN1 DEBT PERCENTi Deutsche mark 0.0 12.0 1.8 0.9 0.5 0.1 0.0 0.0 0.0 0.0 French franc 0.0 0.0 0.1 0.4 0.3 0.3 0.3 0.2 0.2 0.2 Japanese yen 0.0 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 100.0 53.7 38.6 36.0 39.0 38.6 37.2 34.8 34.2 34.9 Multiple currency 0.0 12.7 43.9 48.8 48.0 44.7 47.6 44.3 43.2 41.3 Special drawing rights 0.0 0.0 1.3 1.1 1.0 1.1 3.3 9.6 11.6 12.8 All other currencies 0.0 21.0 14.3 12.8 11.2 15.1 11.7 11.0 10.7 10.7 463 SAMOA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DL[BTrRI STRL CI LRI\1Gs Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forg~iven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. I)E BI Sl'OtK-1-1.0%' RECO)NCIi IArLioN Total change in debt stocks ... 18.0 48.8 -22.'8 75.9 -36.9 13.4 -3.4 -10.6 Net flows on debt ... 11.3 47.5 -18.2 74.3 -45.0 11.9 2.4 3.4 Net change in interest arrears ... 0.0 0.0 0.0 0.1 -0.1I 0.0 0.0 0.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 0.8 -0.3 -0.9 -0.6 -1.0 1.0 -0.9 -1.9 Residual ... 6.0 1.6 -3.7 2.1 9.2 0.6 -4.9 -12.1 9. A%Ft%EIr.RSO % COI8lI I IA1EN Is ALL CREDITORS Interest (%) 4.7 0.4 0.8 1.6 0.5 0.8 0.0 0.7 0.0 0.0 Maturity (years) 20.0 40.2 39.7 32.1 29.2 39.2 0.0 40.6 20.5 0.0 Grace period (years) 6.0 20.6 10.2 7.4 10.4 8.7 0.0 9.9 10.5 0.0 Grant element (%) 36.4 86.2 80.5 67.0 77.0 78.4 0.0 80.6 76.2 0.0 Official creditors Interest (%) 4.7 0.4 0.8 1.6 0.5 0.8 0.0 0.7 0.0 0.0 Maturity (years) 20.0 40.2 39.7 32.1 29.2 39.2 0.0 40.6 20.5 0.0 Grace period (years) 6.0 20.6 10.2 7.4 10.4 8.7 0.0 9.9 10.5 0.0 Grant element (%) 36.4 86.2 80.5 67.0 77.0 78.4 0.0 80.6 76.2 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant clement (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 0.6 12.2 15.3 5.0 13.2 12.0 0.0 9.2 2.0 0.0 Official creditors 0.6 12.2 15.3 5.0 13.2 12.0 0.0 9.2 2.0 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 II". CON IRACfI L (kLOHLl, XI ION.~(l\ OU'TS'A-NDl\(; LO'%G-TERNI DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 2.4 1.6 0.9 0.3 0.2 0.1 0.1 0.1 0.1 0.0 Principal 3.0 3.4 4.4 4.7 4.6 4.9 4.9 5.0 5.2 5.2 Interest 1.4 1.4 1.3 1.3 1.2 1.2 1.1 1.1 1.0 1.0 Official creditors Disbursements 2.4 1.6 0.9 0.3 0.2 0.1 0.1 0.1 0.1 0.0 Principal 3.0 3.4 4.4 4.7 4.6 4.9 4.9 5.0 5.2 5.2 Interest 1.4 1.4 1.3 1.3 1.2 1.2 1.1 1.1 1.0 1.0 Bilateral creditors Disbursements 0.3 0.5 0.3 0.3 0.2 0.1 0.1 0.1 0.1 0.0 Principal 0.4 0.6 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.8 Interest 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0. Multilateral creditors Disbursements 2.1 1.2 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.6 2.8 3.5 3.7 3.6 4.0 4.0 4.1 4.3 4.4 Interest 1.3 1.3 1.3 1.2 1.2 1.1 1.1 1.1 1.0 1.0 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 464 SAO TOME AND PRINCIPE (US$ millioni, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SLINI XI' DLB lI'DIF I) TOTAL DEBT STOCKS (EDT) .. 23.5 151.1 171.3 193.9 214.4 228.2 251.8 260.9 260.7 Long-term debt (LDOD) .. 23.5 133.9 153.9 173.2 186.5 206.6 238.0 229.5 226.8 Public and publicly guaranteed .. 23.5 133.9 153.9 173.2 186.5 206.6 238.0 229.5 226.8 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 1.1 1.1 1.1 1.1 1.1 0.8 0.6 0.3 Short-term debt .. 0.0 16.0 16.2 19.6 26.8 20.5 13.0 30.8 33.5 of which interest arrears on LDOD .. 0.0 7.6 8.8 9.4 15.6 14.5 6.0 4.1 4.8 Official creditors .. 0.0 7.4 8.5 9.0 15.3 14.1 6.0 4.1 4.8 Private creditors .. 0.0 0.2 0.2 0.3 0.3 0.3 0.0 0.0 0.0 Memo: principal arrears on LDOD .. 0.0 21.4 26.8 28.8 34.1 39.1 27.2 19.5 17.3 Official creditors .. 0.0 20.4 25.7 27.7 32.9 38.0 27.2 19.5 17.3 Private creditors .. 0.0 1.0 1.1 1.1 1.1 1.1 0.0 0.0 0.0 Memo: export credits ... 18.0 17.0 1.0 0.0 0.0 17.0 18.0 31.0 TOTAL DEBT FLOW S Disbursements .. 9.9 16.5 19.9 24.9 15.2 15.2 14.5 11.4 4.9 Long-term debt .. 9.9 16.5 19.9 24.9 15.2 15.2 14.5 11.4 4.9 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments .. 0.9 1.1 0.8 1.3 0.8 1.3 1.0 1.5 4.2 Long-term debt .. 0.9 1.1 0.8 1.3 0.8 1.2 0.8 1.3 4.0 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.2 Net flows on debt .. 9.0 10.0 18.1 26.4 15.2 8.7 14.4 29.7 2.7 of which short-term debt ... -5.3 -1.0 2.8 0.9 -5.2 1.0 19.8 2.0 Interest payments (INT) .. 0.3 1.7 1.1 1.2 1.8 1.4 1.1 2.1 2.5 Long-term debt .. 0.2 1.2 0.7 0.9 1.0 1.1 0.8 1.4 1.7 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.1 0.5 0.3 0.4 0.8 0.3 0.3 0.7 0.8 Net transfers on debt .. 8.7 8.3 17.0 25.2 13.4 7.3 13.3 27.6 0.2 Total debt service paid (TDS) .. 1.2 2.8 1.9 2.5 2.7 2.7 2.1 3.6 6.6 Long-term debt .. 1.1 2.3 1.6 2.2 1.8 2.2 1.6 2.7 5.6 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.2 Short-term debt (interest only) .. 0.1 0.5 0.3 0.4 0.8 0.3 0.3 0.7 0.8 :.A.(;GRLG.A rl*: NFT RES(ILRCEi FL(-)%%S A%ND NET IRA\\SFE Rj LON(;-rE RMT NET RESOURCE FLOWS .. 11.5 43.2 38.1 46.6 34.1 36.7 38.2 27.8 16.6 Net flow of long-term debt (ex. IMF) .. 9.0 15.3 19.1 23.6 14.3 14.0 13.7 10.1 0.9 Foreign direct investment (net) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Portfolio equity flows .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) .. 2.5 27.9 19.0 23.0 19.8 22.7 24.5 17.7 15.7 Memo: technical coop. grants .. 1.3 7.2 10.0 15.0 15.8 12.9 20.9 17.4 14.5 official net resource flows .. 11.5 43.4 38.1 46.6 34.1 36.7 38.2 27.8 16.6 private net resource flows .. 0.0 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS .. 11.3 42.0 37.4 45.7 33.1 35.7 37.4 26.4 14.9 Interest on long-term debt .. 0.2 1.2 0.7 0.9 1.0 1.1 0.8 1.4 1.7 Profit remittances on FDI . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers .. 11.3 42.3 37.4 45.7 33.1 35.6 37.4 26.4 14.9 private net transfers .. 0.0 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3. NtĽJO(-R E O-NOMIC AGGRE(C -TES Gross national product (GNP) .. 45.8 44.9 52.8 43.2 45.7 44.0 39.8 40.1 38.8 Exports of goods & services (XGS) .. 23.3 8.5 11.4 11.5 12.1 15.1 9.9 11.5 12.7 of which workers remittances .. 0.8 0.1 0.6 1.1 1.5 3.4 0.5 0.5 1.7 Imports of goods & services (MGS) .. 22.0 46.8 44.5 41.0 47.8 46.5 51.1 47.0 45.0 International reserves (RES) . .. .. .. Current account balance .. 0.7 -12.0...... 4I. DEBI11 INDICATORS EDT /XGS (%) .. 100.7 1,777.9 1,502.3 1,685.8 1,772.1 1,510.9 2,543.4 2,268.5 2,052.4 EDT /GNP (%) .. 51.2 336.6 324.4 448.8 469.2 518.5 632.7 650.6 671.8 TDS / XGS (%) .. 5.0 33.4 16.7 22.0 21.9 17.7 21.6 31.5 52.2 INT/XGS f%) .. 1.1 20.1 9.5 10.6 15.0 9.0 11.2 18.2 19.3 INTl GNP (%) .. 0.6 3.8 2.1 2.8 4.0 3.1 2.8 5.2 6.3 RES/EDT(%) . .. .. .. RES / MGS (months)............ Short-term / EDT (91) .. 0.0 10.6 9.4 10.1 12.5 9.0 5.2 11.8 12.9 Concessional / EDT (%) .. 83.6 71.9 75.1 76.7 75.9 80.0 90.4 86.1 85.5 Multilateral / EDT (%) .. 45.0 48.7 53.9 57.3 57.1 62.6 63.2 62.2 59.8 465 SAO TOME AND PRINCIPE (US$ million, uniless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 199.5 1996 1997 DEBT OUTSTANDING (LDOD) .. 23.5 133.9 153.9 173.2 186.5 206.6 238.0 229.5 226.8 Public and publicly guaranteed .. 23.5 133.9 153.9 173.2 186.5 206.6 238.0 229.5 226.8 Official creditors .. 23.1 132.8 152.8 172.0 185.4 205.5 238.0 229.5 226.8 Multilateral .. 10.6 73.6 92.3 111.1 122.4 142.9 159.3 162.3 155.8 Concessional .. 10.6 70.1 88.3 107.7 119.6 140.6 157.1 160.5 154.5 Bilateral .. 12.6 59.2 60.6 60.9 63.0 62.6 78.7 67.2 71.0 Concessional .. 9.1 38.6 40.3 41.0 43.0 41.9 70.4 64.2 68.3 Private creditors D. .3 1.1 1.1 1L1 1.1 1.1 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.3 1.1 1.1 1.1 1.1 1.1 0.0 0.0 0.0 Pirivate nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 23.9 29.4 33.6 38.3 46.9 53.6 59.5 57.4 DISBURSEMENTS .. 9.9 16.5 19.9 24.9 15.2 15.2 14.5 11.4 4.9 Public and publicly guaranteed .. 9.9 16.5 19.9 24.9 15.2 15.2 14.5 11.4 4.9 Official creditors .. 9.9 16.5 19.9 24.9 15.2 15.2 14.5 11.4 4.9 Multilateral .. 6.5 13.7 18.0 23.3 12.4 14.8 14.5 11.4 4.9 Concessional .. 6.5 12.6 17.5 23.3 12.3 14.7 14.4 11.4 4.9 Bilateral .. 3.4 2.7 1.9 1.6 2.8 0.4 0.0 0.0 0.0 Concessional .. 1.4 2.7 1.9 1.6 2.8 0.4 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 5.4 5.2 5.5 4.6 6.5 5.6 8.0 1.5 PRINCIPAL REPAYMENTS .. 0.9 1.1 0.8 1.3 0.8 1.2 0.8 1.3 4.0 Public and publicly guaranteed .. 0.9 1.1 0.8 1.3 0.8 1.2 0.8 1.3 4.0 Official creditors .. 0.9 1.0 0.8 1.3 0.8 1.2 0.8 1.3 4.0 Multilateral .. 0.0 0.4 0.5 1.0 0.8 1.2 0.8 1.0 2.6 Concessional .. 0.0 0.4 0.5 0.7 0.3 0.4 0.5 0.7 2.3 Bilateral .. 0.9 0.6 0.3 0.3 0.0 0.0 0.0 0.3 1.3 Concessional .. 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 Private creditors .. 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private,. 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaran teed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 NET FLOWS ON DEBT .. 9.0 15.3 19.1 23.6 14.3 14.0 13.7 10.1 0.9 Public and publicly guaranteed .. 9.0 15.3 19.1 23.6 14.3 14.0 13.7 10.1 0.9 Official creditors .. 9.0 15.5 19.1 23.6 14.3 14.0 13.7 10.1 0.9 Multilateral .. 6.5 13.3 17.5 22.3 11.6 13.6 13.7 10.5 2.2 Concessionial .. 6.5 12.2 17.0 22.6 12.0 14.3 13.9 10.7 2.5 Bilateral .. 2.5 2.2 1.6 1.2 2.8 0.4 0.0 -0.3 -1.3 Concessional .. 1.2 2.7 1.9 1.6 2.8 0.4 0.0 0.0 -1.0 Private creditors .. 0.0 -0.1I 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.1) 0.0 5.4 5.2 5.5 4.6 6.5 5.6 7.9 1.3 466 SAO TOME AND PRINCIPE (US$ millioni, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) .. 0.2 1.2 0.7 0.9 1.0 1.1 0.8 1.4 1.7 Public and publicly guaranteed .. 0.2 1.2 0.7 0.9 1.0 1.1 0.8 1.4 1.7 Official creditors .. 0.2 1.1 0.7 0.9 1.0 1.1 0.8 1.4 1.7 Multilateral .. 0.0 0.3 0.6 0.7 0-9 0.9 0.6 1.3 1.1 Concessional .. 0.0 0.3 0.5 0.7 0.7 0.9 0.6 1.2 1.1 Bilateral .. 0.2 0.9 0.2 0.2 0.1 0.1 0.1 0.1 0.6 Concessional .. 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.6 Private creditors .. 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.3 0.2 0.3 0.3 0.3 0.5 0.4 NET TRANSFERS ON DEBT .. 8.8 14.1 18.4 22.7 13.3 13.0 12.9 8.7 -0.8 Public and publicly guaranteed .. 8.8 14.1 18.4 22.7 13.3 13.0 12.9 8.7 -0.8 Official creditors .. 8.8 14.3 18.4 22.7 13.3 13.0 12.9 8.7 -0.8 Multilateral .. 6.5 13.0 16.9 21.6 10.7 12.6 13.0 9.2 1.1 Concessional .. 6.5 11.9 16.5 22.0 11.3 13.4 13.3 9.5 1.5 Bilateral .. 2.4 1.3 1.4 1.1 2.6 0.3 -0. 1 -0.5 -1.9 Concessional .. 1.2 2.7 1.8 1.5 2.6 0.3 -0.1 -0.1 -1.6 Private creditors .. 0.0 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds,. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 5.3 4.9 5. 2 4.4 6.2 5.2 7.4 0.9 DEBT SERVICE (LTDS) .. 1.1 2.3 1.6 2.2 1.8 2.2 1.6 2.7 5.6 Public and publicly guaranteed .. 1.1 2.3 1.6 2.2 1.8 2.2 1.6 2.7 5.6 Official creditors L.1. 2.2 1.6 2.2 1.8 2.2 1.6 2.7 5.6 Multilateral .. 0.0 0.7 1.1 1.7 1.7 2.1 1.4 2.3 3.7 Concessional .. 0.0 0.7 1.0 1.3 1.0 1.3 1.0 1.9 3.4 BiLateral .. 1.1 1.4 0.5 0.5 0.1 0.1 0.1 0.5 1.9 Concessional .. 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 1.6 Private creditors .. 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.3 0.2 0.3 0.3 0.4 0.5 0.6 UNDISBURSED DEBT .. 32.1 78.9 78.0 87.1 72.0 71.8 58.9 46.0 44.7 Official creditors .. 32.1 78.9 78.0 87.1 72.0 71.8 58.9 46.0 44.7 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD .. 19.6 108.7 128.6 148.7 162.6 182.6 227.5 224.6 222.8 Variable rate LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD .. 23.5 133.9 153.9 173.2 186.5 206.6 238.0 229.5 226.8 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 te. C 'LRRFN(' tN lrOMP(ITUIN OF l.O\r,.1 ERMN [)1B I PERt ENT-i Deutsche mark .. 0.0 0.0 0.0 0.0 0.0 0. 0.0 0.0 03.0 French franc .. 0.0 4.0 4.6 4.6 4.3 4.4 4.1 4.0 3.5 Japanese yen .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling .. 0.0 0. 0. 0.0 0.0 0.0 0. 0.0 0. Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 U.S.dollars .. 63.0 39.0 36.7 34.7 34.3 34.5 38.9 38.7 42.5 Multiple currencyv. 0.0 44.0 47.4 50.8 51.1 52.8 49.6 49.8 48.5 Special drawing rights .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies .. 37.0 13.1 11.3 10.0 10.2 8.3 7.4 7.6 5.5 467 SAO TOME AND PRINCIPE (US$ mzillion, unless othzerwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 D.IEBIf RESIlRL;LTiL RINGS Total amount rescheduled .. 0.0 0.0 0.0 3.1 0.0 0.7 29.5 0.0 11.2 Debt stock rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.1 Principal rescheduled .. 0.0 0.0 0.0 2.7 0.0 0.0 15.5 0.0 2.6 Official .. 0.0 0.0 0.0 2.7 0.0 0.0 14.4 0.0 2.6 Private .. 0.0 0.0 0.0 0.0 0.0 0.0 1.1 0.0 0.0 Interest reschedulied .. 0. 0. 0.0 0.4 0. 0.7 8.5 0. 0.0 Official .. 0.0 0.0 0.0 0.4 0.0 0.7 8.1 0.0 0.0 Private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S. DET~OkFLWRECONL. lL[A lI[ON Total change in debt stocks ITO. 7. 20.1 22.6 20.6 13.7 23.6 9.1 -0.2 Net flows on debt ... 10.0 18.1 26.4 15.2 8.7 14.4 29.7 2.7 Net change in interest arrears ... 1.0 1.1 0.6 6.3 -1.1 -8.5 -1.9 0.7 Interest capitalized ... 0.0 0.0 0.4 0.0 0.7 8.5 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 1.1 -0.3 -0.9 -0.7 -0.7 1.1 -0.7 -1.2 Residual ... 4.0 1.2 -3.9 -0.2 6.1 8.2 -18.0 -2.4 ALL CREDITORS Interest (%) .. 4.0 0.9 0.8 0.8 0.0 0.8 0.0 0.0 0.8 Maturity (years) .. 11.1 43.8 49.4 37.9 0.0 35.2 0.0 0.0 49.9 Grace period (years) .. 4.4 10.1 9.9 9.5 0.0 10.4 0.0 0.0 10.4 Grant elemnent (%) .. 31.5 80.2 82.7 77.7 0.0 76.4 0.0 0.0 83.4 Official creditors Interest (%) .. 4.0 0.9 0.8 0.8 0.0 0.8 0.0 0.0 0.8 Maturity (years) .. 11.1 43.8 49.4 37.9 0.0 35.2 0.0 0.0 49.9 Grace period (years) .. 4.4 10.1 9.9 9.5 0.0 10.4 0.0 0.0 10.4 Grant element (%) .. 31.5 80.2 82.7 77.7 0.0 76.4 0.0 0.0 83.4 Private creditors Interest (% . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant elemnent (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments .. 8.2 23.8 18.9 36.0 0.0 14.3 0.0 0.0 5.6 Official creditors .. 8.2 23.8 18.9 36.0 0.0 14.3 0.0 0.0 5.6 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 I 0. L OSTR %CTU'AL OBILU; ATIO(N'S ON OUITSh1 -NDIrNc. LONG-TE R'I DEBj31 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 12.0 11.3 6.8 4.1 3.1 1.8 1.3 0.3 0. 0.0 Principal 11.5 4.3 4.4 4.2 6.6 6.4 6.7 6.9 7.1 7.4 Interest 2.5 2.4 2.4 2.4 2.4 2.3 2.2 2.0 1.9 1.8 Ofricial creditors Disbursements 12.0 11.3 6.8 4.1 3.1 1.8 1.3 0.3 0.0 0.0 Principal 11.5 4.3 4.4 4.2 6.6 6.4 6.7 6.9 7.1 7.4 Interest 2.5 2.4 2.4 2.4 2.4 2.3 2.2 2.0 1.9 1.8 Bilateral creditors Disbursements 0.4 0.4 0.3 0.2 0.1 0.1 0.0 0.0 0.0 0.0 Principal 8.0 1.0 1.0 0.7 2.7 2.7 2.7 3.8 3.8 3.7 Interest 1.2 1.0 1.0 1.0 1.0 0.9 0.8 0.8 0.7 0.6 Multilateral creditors Disbursements 11.7 10.9 6.6 3.9 3.0 1.7 1.2 0.2 0.0 0.0 Principal 3.5 3.3 3.4 3.4 4.0 3.7 4.0 3.1 3.3 3.7 Interest 1.3 1.4 1.4 1.4 1.4 1.4 1.3 1.3 1.2 1.2 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursemencts 0.0 0.0 0.0 0. 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 0.0 468 SENEGAL (US$ million, untless otherwise inidicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 I. SUMMARY DEBT I)-%T.% TOTAL DEBT STOCKS (EDT) 1,473 3,732 3,570 3,666 3,803 3,658 3,841 3,664 3,671 Long-term debt (LDOD) 145 1,114 3,000 2,938 3,042 3,097 3,096 3,234 3,156 3,165 Public and publicly guaranteed 115 1,105 2,940 2,880 2,992 3,047 3,048 3,190 3,117 3,110 Private nonguaranteed 31 9 60 58 50 50 48 44 39 55 Use of IMF credit 0 140 314 327 271 244 300 347 326 292 Short-term debt 219 418 305 352 462 262 260 182 213 of which interest arrears on LDOD 0 0 0 50 162 39 10 2 2 Official creditors 0 0 0 48 118 30 4 2 2 Private creditors ..0 0 0 2 45 10 6 1 0 Memo: principal arrears on LDOD 0 0 29 92 207 227 64 13 1 1 Official creditors 0 0 1 62 153 155 9 2 1 Private creditors 0 0 29 30 53 71 55 12 9 Memo: export credits 812 759 786 579 453 622 557 459 TOTAL DEBT FLOWS Disbursements 20 395 252 233 322 153 200 241 219 286 Long-term debt 20 327 223 175 322 153 132 158 184 237 IMF purchases 0 68 29 58 0 0 68 83 35 49 Princi pa] repayments 9 165 197 190 142 81 154 195 161 158 Long-term debt 9 156 142 142 98 54 125 154 117 96 IMF repurchases 0 8 55 47 44 27 29 41 45 63 Net flows on debt 11 230 222 -69 177 70 -30 73 -13 158 of which short-term debt 167 -112 -3 -3 -76 28 -70 31 Interest payments (INT) .. 95 128 124 68 42 80 86 129 89 Long-term debt 2 67 84 92 48 24 63 69 118 75 IMF charges 0 3 15 10 6 3 3 3 4 3 Short-term debt .. 24 29 21 15 15 14 14 7 11 Net transfers on debt 135 94 -193 109 28 -110 -13 -141 69 Total debt service paid (TDS) 259 325 314 210 123 234 281 290 247 Long-term debt 12 223 226 235 146 77 188 224 234 170 IMF repurchases and charges 0 12 70 58 50 30 31 43 48 66 Short-term debt (interest onil') .. 24 29 21 15 is 14 14 7 11 2.AxuGREGATF NET RESOtIRCE FLOIWS X'NI1) \ET`TRVYSFER_S iLONG-TERM i NET RESOURCE FLOWS 32 263 691 372 577 398 551 409 447 406 Net flow of long-term debt (ex. IMF) I11 171 81 33 225 100 7 4 67 141 Foreign direct investment (net) 5 15 57 -8 21 -1 67 32 45 30 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 16 78 553 347 331 299 476 373 334 235 Memo: technical coop. grants 21 122 180 172 201 180 165 189 171 159 official net resource flows 22 245 649 413 586 402 493 402 412 362 private net resource flows 10 18 42 -42 -9 -4 58 7 34 44 NET TRANSFERS 15 161 574 240 487 337 449 300 290 293 Interest on tong-term debt 2 67 84 92 48 24 63 69 118 75 Profit remittances on FDI 15 34 33 39 42 37 38 40 39 38 Memo: official net transfers 20 223 578 339 547 381 432 337 297 289 private net transfers -5 -62 -4 -99 -60 -44 17 -38 -7 5 3. %I jl)R [CQNN(IR AGGREGATES Gross national product (GNP) 855 2,886 5,501 5,305 3,881 3.810 3,500 4,342 4,677 4,427 Exports of goods & services (XGS) .. 905 1,628 1,488 1,558 1,351 1,368 1,680 1,733 1,620 of which workers remittanices .. 75 91 105 120 117 73 87 117 106 Imports of goods & services (MGS) .. 1,337 2,053 1,913 2,019 1,830 1,679 2,033 2,011 1,878 International reserves (RES) .. 25 22 24 22 15 191 283 299 395 Current account balance .. -386 -192 -200 -219 -279 3 -58 4. DLBT INDICATORS EDT XGS% .. 162.7 229.3 240.0 235.3 281.5 267.5 228.7 211.4 226.6 EDT GNP(). 51.D 67.8 67.3 94.4 99.8 104.5 88.5 78.3 82.9 TDS XGS (% . 28.7 20.0 21.1 13.5 9.1 17.1 16.7 16.7 15.3 IN-1- XGS (% . 10.5 7.9 8.3 4.3 3.1 5.9 5.1 7.4 5.5 INT /GNP (% . 3.3 2.3 2.3 1.7 1.1 2.3 2.0 2.7 2.0 RES EDT(% . 1.7 0.6 0.7 0.6 0.4 5.2 7.4 8.2 10.8 RES! MGS (months) .. 0.2 0.1 0.1 0.1 0.1 1.4 1.7 1.8 2.5 Short-term / EDT (%) .. 14.9 11.2 8.5 9.6 12.1 7.2 6.8 5.0 5.8 Concessional / EDT 2% 7.1 52.7 54.5 56.7 55.5 57.5 58.3 62.4 65.2 Multilateral / EDT (%) .. 17.9 36.6 40.0 43.0 43.6 48.2 48.1 50.6 49.1 469 SENEGAL (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5.. LONG;-T[ERN!1 DEB I' DEBT OUTSTANDING (LDOD) 145 1,114 3,000 2,938 3,042 3,097 3,096 3,234 3,156 3,165 Public and publicly guaranteed 115 1,105 2,940 2,880 2,992 3.047 3,048 3,190 3,117 3,110 Official creditors 100 653 2,759 2,736 2,880 2,940 2,943 3.107 3,103 3,099 Multilateral 13 263 1,366 1,428 1,578 1,658 1,762 1,849 1,853 1.803 Concessional 9 179 1,153 1,219 1,325 1,359 1,466 1,576 1,611 1,604 Bilateral 87 390 1,393 1,308 1,302 1,282 1,181 1,258 1,250 1,297 Concessional 78 221 815 729 754 753 637 662 675 791 Private creditors 14 452 181 144 113 106 106 83 14 10 Bonds 0 4 0 0 0 0 0 0 0 0 Commercial banks 0 129 85 77 70 67 66 66 0 0 Other private 14 319 96 67 43 40 40 18 14 10 Private nonguaranteed 31 9 60 58 50 50 48 44 39 55 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 31 9 60 58 50 50 48 44 39 55 Memo: IBRD 2 57 88 76 62 52 44 35 23 14 IDA 9 100 747 800 873 918 1,005 1,126 1,194 1.187 DISBURSEMENTS 20 327 223 175 322 153 132 158 184 237 Public and publicly guaranteed 19 327 208 165 317 152 132 157 184 216 Official creditors 12 186 208 164 314 152 132 157 184 216 Multilateral 5 93 136 117 255 143 117 139 137 102 Concessional 4 63 127 91 182 75 84 132 135 99 Bilateral 7 94 72 47 59 9 15 17 48 113 Concessional 7 50 72 44 59 9 14 17 48 113 Private creditors 8 141 0 2 3 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 23 0 0 0 0 0 0 0 0 Other pTivate 8 118 0 2 3 0 0 0 0 0 Private nonguaranteed 1 0 15 10 6 1 1 1 0 21 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 0 15 10 6 1 1 1 0 21 Memo: IBRD 1 18 0 0 0 0 0 0 0 0 IDA 4 12 117 51 103 46 54 107 110 60 PRINCIPAL REPAYMENTS 9 156 142 142 98 54 125 154 117 96 Public and publicly guaranteed 7 152 130 131 86 51 119 149 112 91 Official creditors 6 19 ill 98 59 50 115 128 106 89 Multilateral 0 3 58 61 42 47 106 97 69 47 Concessional 0 0 29 32 23 30 60 59 44 26 Bilateral 6 16 53 36 17 3 9 31 37 42 Concessional 5 7 25 12 9 1 8 1 4 21 24 Private creditors 0 133 19 33 27 2 3 21 6 2 Bonds 0 1 0 0 0 0 0 0 0 0 Commercialtbanks 0 58 5 7 5 2 3 3 5 0 Other private 0 74 14 26 23 0 0 19 1 2 Private nonguaranteed 3 4 12 11 12 2 7 5 5 5 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 4 12 It1 12 2 7 5 5 5 Memo: IBRD 0 2 13 13 1 1 1 1 11 12 10 7 IDA 0 0 3 3 3 4 5 6 7 8 NET FLOWS ON DEBT 11 171 81 33 225 100 7 4 67 141 Public and publicly guaranteed 13 175 78 34 231 101 13 8 72 125 Official creditors 6 167 96 66 255 103 1 6 29 78 127 Multilateral 5 90 77 56 213 96 1 1 43 67 56 Concessional 4 63 98 59 159 45 24 74 91 73 Bilateral 1 77 19 1 1 42 6 5 -14 1 1 71 Concessional 2 43 47 33 50 8 6 4 26 90 Private creditors 7 8 -19 -32 -25 -2 -3 -21 -6 -2 Bonds 0 -1 0 0 0 0 0 0 0 0 Commercial banks 0 -35 -5 -7 -5 -2 -3 -3 -5 0 Other private 7 43 -14 -25 -20 0 0 -19 -1 -2 Private nonguaranteed -2 -4 4 -2 -6 -1 -6 -4 -5 16 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks -2 -4 4 -2 -6 -1 -6 -4 -5 16 Memo: IBRD 1 16 -13 -13 -11 -11 -11 -12 -10 -7 IDA 4 12 114 48 100 42 49 lot 103 52 470 SENEGAL (US$ million, unless otherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 2 67 84 92 48 24 63 69 118 75 Public and publicly guaranteed 2 67 82 89 45 22 61 68 117 74 Official creditors 2 22 71 74 39 21 61 65 116 73 Multilateral 0 5 26 31 20 15 46 38 38 27 Concessional 0 1 9 12 7 7 19 14 17 15 Bilateral 2 15 46 44 20 6 15 27 78 47 Concessional 2 6 20 19 12 1 7 8 62 15 Private creditors 0 45 10 15 6 0 0 3 1 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 23 5 8 1 0 0 0 1 0 Other private 0 22 5 6 5 0 0 3 0 0 Private nonguaranteed 0 0 3 3 3 2 2 1 1 1 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 3 3 3 2 2 1 1 1 Memo: IBRD 0 4 6 9 6 5 4 4 2 2 IDA 0 1 4 6 6 6 8 8 9 9 NET TRANSFERS ON DEBT 8 103 -3 -60 177 76 -56 -66 -50 66 Public and publicly guaranteed 10 108 -4 -55 186 79 -48 -61 -45 51 Official creditors 3 146 25 -8 216 81 -45 -36 -37 53 Multilateral 4 84 51 25 193 81 -35 5 29 29 Concessional 4 62 89 48 152 39 5 60 73 59 Bilateral -1 62 -27 -33 23 0 -9 -41 -67 25 Concessional 1 37 27 13 38 8 -1 -4 -36 75 Private creditors 7 -38 -29 -47 -30 -2 -4 -25 -8 -2 Bonds 0 -1 0 0 0 0 0 0 0 0 Commercial banks 0 -58 -10 -16 -6 -2 -3 -3 -6 0 Other private 7 21 -19 -31 -25 0 0 -22 -1 -2 Private nonguaranteed -2 -5 1 -5 -9 -3 -8 -5 -6 15 Bonds 0 0 0 0 0 0 0 0 0 Commerciat banks -2 -5 1 -5 -9 -3 -8 -5 -6 1 Memo: IBRD 1 12 -19 -21 -17 -16 -15 -15 -12 -9 IDA 4 1 1 110 42 94 36 41 93 94 44 DEBT SERVICE (LTDS) 12 223 226 235 146 77 188 224 234 170 Public and publicly guaranteed 9 219 212 220 131 73 180 217 229 164 Official creditors 9 41 183 172 98 71 176 193 221 162 Multilateral 0 9 84 92 62 62 152 134 107 74 Concessional 0 1 38 44 30 37 78 73 62 41 Bilateral 8 32 99 80 37 9 24 58 114 89 Concessional 6 13 45 31 21 2 15 21 83 38 Private creditors 1 178 29 48 33 2 4 25 8 2 Bonds 0 1 0 0 0 0 0 0 0 0 Commercial banks 0 81 10 16 6 2 3 3 6 0 Other private 1 96 19 32 27 0 0 22 1 2 Private nouguarauteed 3 5 14 15 15 4 9 6 6 6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 5 14 15 15 4 9 6 6 6 Memo: IBRD 0 6 19 21 17 16 15 15 12 9 IDA 0 1 7 9 9 10 13 14 15 17 UNDISBURSED DEBT 42 604 976 1,102 979 864 752 888 805 733 Official creditors 37 563 967 1,094 975 862 749 887 804 733 Private creditors 5 41 9 8 5 3 3 1 1 0 Memorandum items Concessional LDOD 87 400 1,968 1,947 2,080 2,111 2,103 2,239 2,286 2,394 Variable tate LDOD 3 1 141 140 135 167 227 271 305 255 236 Public sector LDOD 112 1,079 2,903 2,842 2,957 3,014 3,020 3,158 3,117 3,110 Private sector LDOD 33 35 97 96 85 83 77 76 39 55 6. (UtRR FNUN (O'NlPOSlTl'ON 0 L-ONG;- IFRNII)EBI- PIE-RCEN-1I Deutsche mark 23.5 4.6 1.3 1.3 1.1 1.1 1.3 1.3 1.6 1.6 French franc 26.9 39.3 25.8 26.3 24.6 23.2 18.4 19.1 17.6 15.3 Japanese yen 0.0 0.0 1.5 2.5 3.1 3.4 3.9 3.7 3.3 2.9 Pound sterling 0.0 0.8 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.2 Swiss franc 0.0 0.3 0.9 0.7 0.6 0.5 0.5 0.5 0.4 0.3 U.S.dollars 1.7 23.0 32.9 30.6 31.9 32,8 35.1 36.6 38.4 41.3 Multiple currency 1.9 6.7 8.6 9.5 11.5 13.2 14.8 13.9 14.0 12.4 Special drawing rights 0.0 0.0 0.4 0.6 0.6 0.6 0.8 1.0 1.2 0.9 All other currencies 46.0 25.4 28.3 28.4 26.5 25.1 25.2 23.9 23.3 25.1 471 SENEGAL (US$ milliont, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. D)EBi RES I RUC(L RINGSN Total amount rescheduled 0 0 III so 45 10 172 233 58 1 2 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Prinicipal rescheduled 0 0 76 42 24 0 88 173 25 4 Official 0 0 58 41 23 0 86 166 25 4 Private 0 0 18 1 1 0 2 7 0 0 Interest rescheduled 0 0 27 19 9 0 83 49 28 1 Official 0 0 23 1 9 9 0 83 48 28 1 Private 0 0 4 0 0 0 0 1 0 0 Debt forgiven ..18 138 6 0 219 14 2 4 Memno: interest forgivenr. 0 8 3 0 28 5 60 Debt stock reduction 0 0 0 0 0 0 0 0 65 0 of which debt buyback 0 0 0 0 0 0 0 0 5 0 I. DF BT SF1 )K-FIA 0%1 REt ONCI LLA 110" Total change in debt stocks ... 462 -162 95 137 -144 183 -177 6 Net flows on debt ... 222 -69 177 70 -30 73 -13 158 Net change ini interest arrears ... -10 0 50 112 -123 -30 -8 0 Interest capitalized ... 27 19 9 0 83 49 28 1 Debt forgiveness or reduction ... -18 -138 -6 0 -219 -14 -62 -4 Cross-currency valuation ... 176 -11 -103 -62 97 82 -75 -134 Residual ... 64 37 -31 16 48 22 -48 -15 9. X% ER N(1E -1 E RN1 OF N E:N COM N I IU1EN VYS ALL CREDrrORS Interest (%) 3.9 5.9 1.9 3.7 1.7 1.6 0.7 1.1 2.4 1.3 Maturity (years) 23.1 20.0 33.3 28.6 33.4 30.1 38.5 38.7 31.0 40. Grace period (vfeats) 6.8 5.6 8.7 7.2 8.6 8.1 9. 9.4 9.7 10.2 Grant element (%) 43.8 30.2 66.1 49.2 67.5 65.9 76.8 76.0 61.5 75.6 Official creditors Interest (%) 2.3 5.4 1.9 3.7 1.7 1.6 0.7 L.1 2.4 1.3 Maturity (years) 30.5 21.3 33.6 28. 6 33.4 30.1 38.5 38.7 31.0 40.7 Grace period (years) 8.8 6.0 8.7 7.2 8.6 8.1 9.2 9.4 9.7 10.2 Grant element (01,) 59.6 33.7 66.8 49.2 67.5 65.9 76.8 76 0 61.5 75.6 Private creditors Interest (%) 7.5 10.8 8.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 5.8 8.3 10.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 2.2 2.5 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 6.8 -0.7 6.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Coinmjiiitosets 7 469 366 295 247 81 47 309 162 196 Official creditors 5 421 361 295 247 81 47 309 162 196 Private creditors 2 49 4 0 0 0 0 0 0 0 WI. COiN -R.-%C tL' XL OBI_I.VU110N,, ON ILi1.%DI\t, LON(.- I-TRMN DEBI 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 205 188 132 91 55 25 14 3 2 0 Principal 158 159 195 176 179 171 259 144 131 121 Interest 91 88 84 77 70 63 48 43 38 35 Ofricial creditors Disbursements 205 188 132 91 55 25 14 3 2 0 Principal 151 152 188 170 173 165 253 138 124 121 Interest 89 87 83 76 70 63 48 42 38 35 Bilateral creditors Disbursements 58 40 24 14 6 3 2 1 0 0 Principal 75 76 110 106 107 1012 189 73 61 56 Interest 59 57 53 48 43 37 24 20 17 15 Multilateral creditors Disbursements 147 148 108 77 48 21 12 2 1 0 Principal 77 76 78 64 66 64 64 65 64 66 Interest 31 30 30 29 27 26 24 22 21 19 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 7 76 6 6 6 6 6 6 0 Interest I 1 1 I I I 0 0 0 0 Commercial banks Disbursements 0 0 11 0 0 0 0 11 U 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 7 7 6 6 6 6 6 6 6 0 Interest 1 1 1 1 1 1I 0 0 0 472 SEYCHELLES (US$ inillion, uniless otherwise indicated) 2970 1980 1990 1991 1992, 1993 1994 199-5 1996 1997 I. SIAINI-kRI DEBt 0i. [A TOTAL DEBT STOCKS (EDT) .. 84.1 163.2 172.6 164.1 156.9 170.9 158.9 148.0 149.1 Long-term debt (LDOD) 0.0 25.1 117.2 125.5 130.5 132.1 147.8 145.8 138.1 131.3 Public and publicly, guaranteed 0.0 25.1 117.2 125.5 130.5 132.1 147.8 145.8 138.1 131.3 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 59.0 46.0 47.1 33.6 24.8 23.1 13.1 9.8 17.8 of which interest arrears on LDOD .. 0.0 1.2 1.2 1.2 1.3 2.1 2.1 2.9 3.8 Official creditors .. 0.0 0.6 0.4 0.3 0.4 0.9 0.8 1.4 2.3 Private creditors .. 0.0 0.7 0.8 0.9 0.9 1.2 1.3 1.5 1.5 Memno: principal arrears oni LDOD .. 0. 9.3 15. 1 15.5 15.5 18.6 20.8 22.4 23.7 Official creditors .. 0.0 7.1 6.9 6.7 6.9 8.3 9.3 11.6 13.2 Private creditors .. 0.0 2.1 8.1 8.8 8.7 10.3 11.5 10.8 10.4 MeMO: eXport credits . . 45.0 192.0 179.0 174.0 42.0 51.0 37.0 36.0 TOTAL DEBT FLOWS Disbursements 0.0 11.7 9.2 19.9 24.9 17.6 18.1 8.4 12.2 11.2 Long-term debt 0.0 11.7 9.2 19.9 24.9 17.6 18.1 8.4 12.2 11.2 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.0 0.1 12.7 10.8 11.8 12.1 10.1 15.6 10.3 9.5 Long-term debt 0.0 0.1 12.7 10.8 11.8 12.1 10.1 15.6 10.3 9.5 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 0.0 11.7 6.7 10.2 -0.5 -3.4 5.5 -17.2 -2.3 8.8 of which short-termn debt ... 10.2 1.1 -13.5 -8.9 -2.5 -10.0 -4.1 7.1 Interest payments (INT) .. 37.1 9.0 7.6 6.4 6.1 6.9 7.9 5.0 5.3 Long-term debt 0.0 0.2 5.5 4.3 4.8 5.1 6.2 7.1 4.5 4.8 IMPF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 36.9 3.6 3.3 1.6 1.0 0.8 0.8 0.5 0.5 Net transfers on debt .. -25.5 -2.3 2.6 -6.9 -9.5 -1.4 -25.1 -7.3 3.5 Total debt service paid (TDS) .. 37.2 21.7 18.4 18.2 18.2 17.0 23.5 15.4 14.8 Long-term debt 0.0 0.3 18.2 15J1 16.6 1 7.2 16.2 22.7 14.9 14.3 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest onlv) .. 36.9 3.6 3.3 1.6 1.0 0.8 0.8 0.5 0.5 2. A ;RL(Af-kF. \%ET_ RU%OL RCE l,.%, X\1I %[T ITR%\SFVRS. ILO\.-rIkt NET RESOURCE FLOWAS 3.1 26.8 28.1 37.1 31.0 35.6 44.9 40.3 39.0 55.6 Net flow of long-terindebt (ox,IMF) 0.0 11.7 -3.5 9.1 13.0 5.5 8.0 -7.2 1.8 1.7 Foreign direct investment (net) 0.0 9.5 20.0 20.0 9.0 19.0 29.8 40.3 30.0 49.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 3.1 5.6 11.6 8.0 9.0 11.1 7.1 7.2 7.2 4.9 Memo: technical coop. grants 0.6 7.8 10.3 10.0 12.0 9.7 7.8 8.8 10.3 7.5 official net res,ource flows 3.1 17.3 14.4 12.5 11.3 13.1 10.3 8.3 13.3 9.6 private net resource flows 0.0 9.5 13.8 24.6 19.7 22.5 34.6 32.0 25.7 46.0 NET TRANSFERS 3.1 18.9 8.3 21.3 15.9 18.5 26.2 20.2 20.5 35.8 Interest on tong-termn debt 0.0 0.2 5.5 4.3 4.8 5.1 6.2 7.1 4.5 4.8 Profit Tremittances on FDI 0.0 7.6 14.3 11.5 10.3 12.0 12.5 13.0 14.0 15.0 Memo: official net transfers 3.1 17.1 10.9 9.1 7.6 9.5 6.8 3.6 10.2 6.0 private net transfers 0.0 1.9 -2.4 12.2 8.3 9.0 19.4 16.6 10.3 29.8 3. M.-IJOR E(_ .)%ONI(I %GGR.EGAT-ES Gross national product (GNP) 18.4 142.0 355.4 364.2 424.4 458.5 473.0 491.0 494.6 529.3 Expor-ts of goods & services (.XGS) .. 102.8 240.5 228.8 257.8 278.5 259.8 283.0 324.7 368.7 of which workers remittances .. 0.0 7.1 6.9 10.4 8.8 6.0 5.9 4.9 6.0 Imports of goods & services (MNGS) .. 131.4 264.6 246.5 271.5 325.3 287.7 339.3 391.8 440.0 International reserves (RES) ..- - .-. . Current account balance .. -15.6 -13.0 -8.2 -6.9 -38.8 -25.9 -53.9 -5 6.5 -63.2 .3. DEBI f VNDICA IORS EDT! XGS (%) SL 1. 67.9 75.4 63.7 56.3 65.8 56.2 45.6 40.4 EDT,"GNP (%) .. 59.2 45.9 47.4 38.7 34.2 36.1 32.4 29.9 28.2 TDS/XGS (%) .. 36.2 9.0 8.0 7.1 6.5 6.5 8.3 4.7 4.0 INT/' XGS (ľ . 36.1 3.8 3.3 2.5 2. 2 2.7 2.8 1.5 1.4 [NT / GNP (% . 26.2 2.5 2.1 1.5 1.3 1.5 1.6 1.0 1.0 RES/EDT(%).. .... ..... RES /MGS (months) . .. .. .. Short-term/, EDT (%) . 70 .1 28.2 27.3 ~ 05 15.8 13.5 8.2 6.7 11.9 Concessional,/ EDT (ľ . 22.4 43.2 44.1 42.7 41.9 39.4 42.6 45.3 45.1 Muttilateral EDT (%) 5. .4 25.9 24.6 27.6 30.1 32.5 37.8 37.7 36.1 473 SEYCHELLES (US$ millionz, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5.LONG-r-ERM DEBI`~ DEBT OUTSTANDING (LDOD) 0.0 25.1 117.2 125.5 130.5 132.1 147.8 145.8 138.1 131.3 Public and publicly guaranteed 0.0 25.1 117.2 125.5 130.5 132.1 147.8 145.8 138.1 131.3 Official creditors 0.0 25.1 97.9 102.1 97.7 96.7 105.3 109.5 108.4 106.1 Multilateral 0.0 4.5 42.3 42.4 45.2 47.2 55.6 60).0 55.8 S3.9 Concessional 0.0 2.5 19.8 20.9 21.9 21.8 23.1 23.6 21.8 20.8 Bilateral 0.0 20.6 55.6 59.7 52.4 49.5 49.7 49.5 52.6 52.3 Concessional 0.0 16.3 50.7 55.2 48.2 44.0 44.3 44.1 45.2 46.5 Private creditors 0.0 0.0 19.3 23.4 32.9 35.4 42.5 36.3 29.7 25.1 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 16.4 16.1 26.5 24.1 24.0 21.6 16.9 14.2 Other private 0.0 0.0 2.8 7.3 6.4 11.3 18.4 14.8 12.8 10.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 5.8 5.5 4.7 4.2 4.8 5.4 4.4 3.6 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISBURSEMENTS 0.0 11.7 9.2 19.9 24.9 17.6 18.1 8.4 12.2 11.2 Public and publicly guaranteed 0.0 11.7 9.2 19.9 24.9 17.6 18.1 8.4 12.2 11.2 Official creditors 0.0 11.7 7.6 10.3 9.7 9.3 8.9 8.1 11.5 11.2 Multilateral 0.0 3.5 3.4 2.3 8.1 6.7 8.9 7.5 6.0 5.5 Concessional 0.0 1.6 1.2 1.1 2.6 1.5 0.9 0.9 0.6 0.6 Bilateral 0.0 8.2 4.1 8.0 1.6 2.6 0.1 0.6 5.5 5.7 Concessional 0.0 4.5 4.1 7.6 1.2 1.0 0.1 0.6 3.5 5.6 Private creditors 0.0 0.0 1.6 9.6 15.1 8.4 9.1 0.3 0.7 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 1.3 4.6 15.1 2.3 1.0 0.0 0.7 0.0 Other private 0.0 0.0 0.3 5.0 0.0 6.1 8.2 0.3 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 1.4 0.3 0.0 0.0 0.9 1.3 0.0 0.2 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 0.0 0.1 12.7 10.8 11.8 12.1 10.1 15.6 10.3 9.5 Public and publicly guaranteed 0.0 0.1 12.7 10.8 11.8 12.1 10.1 15.6 10.3 9.5 Official creditors 0.0 0.1 4.8 5.8 7.5 7.3 5.8 6.9 5.4 6.6 Multilateral 0.0 0.0 2.9 2.5 3.7 4.0 3.4 4.0 3.9 3.9 Concessional 0.0 0.0 0.3 0.2 0.8 0.8 0.8 0.8 0.7 0.7 Bilateral 0.0 0.1 2.0 3.3 3.8 3.3 2.3 2.9 t.5 2.6 Concessional 0.0 0.1 1.8 2.6 3.2 3.2 2.3 2.8 1.5 1.0 Private creditors 0.0 0.0 7.9 5.0 4.4 4.8 4.3 8.6 5.0 3.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 6.8 4.4 3.5 3.7 3.3 4.6 3.0 1.0 Other private 0.0 0.0 1.1 0.6 0.8 1.1 1.1 4.0 1.9 1.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.6 0.7 0.6 0.7 0.7 0.8 0.7 0.6 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT 0.0 11.7 -3.5 9.1 13.0 5.5 8.0 -7.2 1.8 1.7 Public and publicly guaranteed 0.0 11.7 -3.5 9.1 13.0 5.5 8.0 -7.2 1.8 1.7 Official creditors 0.0 11.7 2.8 4.5 2.3 2.0 3.2 1.1 6.1 4.7 Multilateral 0.0 3.5 0.6 -0.2 4.4 2.7 5.5 3.4 2.1 1.6 Concessional 0.0 1.6 0.9 0.9 1.8 0.7 0.2 0.1 -0.1I -0.1I Bilateral 0.0 8.2 2.2 4.7 -2.2 -0.7 -2.3 -2.3 4.0 3.1 Concessional 0.0 4.5 2.3 5.0 -1.9 -2.2 -2.3 -2.3 2.0 4.6 Private creditors 0.0 0.0 -6.2 4.6 10.7 3.5 4.8 -8.3 -4.3 -3.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 -5.5 0.1 11.6 -1.4 -2.3 -4.6 -2.4 -1.0 Other private 0.0 0.0 -0.8 4.5 -0.8 4.9 7.1 -3.7 -1.9 -1.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.8 -0.4 -0.7 -0.6 0.2 0.5 -0.6 -0.4 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 474 SEYCHELLES (US$ million, uinless otherwise indicated) 1Q70 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0.0 0.2 5.5 4.3 4.8 5.1 6.2 7.1 4.5 4.8 Public and publicly guaranteed 0.0 0.2 5.5 4.3 4.8 5.1 6.2 7.1 4.5 4.8 Official creditors 0.0 0.2 3.5 3.4 3.7 3.6 3.5 4.7 3.1 3.6 Multilateral 0.0 0.2 2.5 1.8 2. 5 2.8 2.8 3.6 2.6 2.9 Concessional 0.0 0.0 0.3 0.3 0.5 0.5 0.5 0.5 0.4 0.5 Bilateral 0.0 0.1 1.t 1.7 1.2 0.8 0.7 1.1 0.5 0.7 Concessional 0.0 0.0 0.9 1.6 1.1 0.8 0.7 1.1 0.5 0.6 Private creditors 0.0 0.0 1.9 0.9 1.1 1.5 2.7 2.4 1.4 1.2 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 1.7 0.6 0.6 1.1 1.0 1.2 0.3 0.2 Other private 0.0 0.0 0.2 0.3 0.5 0.4 1.7 1.2 1.1 1.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.4 0.4 0.4 0.3 0.3 0.4 0.4 0.3 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT 0.0 11.4 -9.0 4.8 8.2 0.4 1.8 -14.3 -2.7 -3.1 Public and publicly guaranteed 0.0 11.4 -9.0 4.8 8.2 0.4 1.8 .14.3 -2.7 -3.1 Official creditors 0.0 11.4 -0.8 1.1 -1.4 -1.6 -0.3 -3.6 3.0 1.0 Multilateral 0.0 3.3 -1.9 -2.0 2.0 -0. 1 2.7 -0.2 -0.5 -1.4 Concessional 0.0 1.6 0.6 0.7 1.3 0.2 -0.3 -0.5 -0.5 -0.6 Bilateral 0.0 8.1 1.1 3.0 -3.3 -1.5 -3.0 -3.4 3.5 2.4 Concessional 0.0 4.4 1.4 3.4 -3.0 -2.9 -2.9 -3.3 1.5 4.0 Private creditors 0.0 0.0 -8.2 3.7 9.6 2.0 2.1 -10.7 -5.7 -4.1 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0. -7.2 -0.4 11.0 -2.5 -3.3 -5.8 -2.7 -1.2 Other private 0.0 0.0 -1.0 4.2 -1.4 4.6 5.4 -4.9 -3.0 -2.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo:. IBRD 0.0 0.0 0.4 -0.8 -1.1 -1.0 -0.1 0.1 -1.0 -0.7 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DEBT SERVICE (LTDS) 0.0 0.3 18.2 15.1 16.6 17.2 16.2 22.7 14.9 14.3 Public and publicly guaranteed 0.0 0.3 18.2 15.1 16.6 17.2 16.2 22.7 14.9 14.3 Official creditors 0.0 0.3 8.4 9.2 11.1 10.9 9.2 11.6 8.5 10.2 Multilateral 0.0 0.2 5.4 4.3 6.2 6.8 6.2 7.7 6.5 6.9 Concessional 0.0 0.0 0.6 0.5 1.3 1.3 1.3 1.3 1.1 1.2 Bilateral 0. 0.1 3.0 4.9 4.9 4.1 3.0 4.0 2.0 3.3 Concessional 0.0 0.1 2.8 4.1 4.2 4.0 3.0 3.9 2.0 1.6 Private creditors 0.0 0.0 9.8 5.9 5.5 6.3 7.0 lt.0 6.4 4.1 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 8.5 5.0 4.1 4.8 4.2 5.8 3.4 1.2 Other private 0.0 0.0 1.3 0.9 1.4 1.5 2.8 5.3 3.0 2.9 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 1.0 1.1 1.0 1.0 1.0 1.1 1.0 0.9 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UNDISBURSED DEBT 0.0 23.9 56.6 78.5 68.0 57.7 40.0 41.6 46.7 49.7 Official creditors 0.0 23.4 47.7 55.0 48.3 44.9 35.0 36.5 45.0 49.0 Private creditors 0.0 0.6 8.9 23.5 19.7 12.8 5.0 5.1 1.6 0.6 Memorandum items Concessionat LDOD 0. 18.8 70.5 76.1 70.1 65.8 67.4 67.7 67.0 67.2 Variable rate LDOD 0.0 0.0 5.8 5.5 4.7 5.8 6.3 7.0 5.9 5.1 Public sector LDOD 0.0 25.1 117.2 125.5 130.5 132.1 147.8 145.8 138.1 131.3 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6~. CiURREN(-l L ONIPO)%ITION OF LONG- ITERNI DEBT' PFRt ENTi Deutsche mark 0.0 8.0 3.6 3.9 3.7 3.3 3.2 3.4 3.5 3.0 French franc 0.0 2.8 15.4 12.6 11.5 9.5 8.3 7.8 7.0 5.9 Japanese ycn 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 0.0 68.0 16.0 13.4 9.5 8.4 7.5 7.5 8.6 8.8 Swiss franc 0.0 0.0 8.4 8.7 7.0 6.5 6.6 7.6 6.9 6.7 U.S.dollars 0.0 8.4 9.9 11.9 15.2 20.1 21.9 17.9 17.1 15.1 Multiple currency 0.0 12.7 29.3 26.9 27.7 28.2 30.3 33.6 33.6 34.0 Special drawing rights 0.0 0.0 0.0 0.1 0.1 0.2 0.5 0.6 0.6 0.5 All other currencies 0.0 0.0 17.5 22.6 25.3 23.9 21.6 21.6 22.7 26.0 475 SEYCHELLES (US mllin,unlssothrwse ndcatd) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 ,. DEBI REsTRLtC 1i RL%GS Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduiled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgivenr. . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 R. DEBT S-1 OCK-FLO11 RECOSCIlLIAT[ON Total change in debt stocks ... 19.0 9.4 -8.5 -7.2 14.1 -12.0 -11.0 1.1 Net flows on debt ... 6.7 10.2 -0.5 -3.4 5.5 -17.2 -2.3 8.8 Net change in interest arrears ... 1.2 0.0 0.0 0.1 0.8 0.0 0.8 0.9 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 10.7 -1.6 -6.1 -2.9 6.3 4.4 -3.3 -5.4 Residual . . 1.0 0.8 -1.9 -1.0 1.4 0.8 -6.2 -3.2 'I. .,.ER.X(iE I LRM~S OF NE'%% COM.MITrMEN IS ALL CREDITORS Interest (%) 0.0 6.6 4.5 6.3 6.8 8.2 6.9 4.3 3.4 6.5 Maturity (years) 15.0 15.6 22.1 19.3 19.1 10.6 13.2 21.9 13.8 19.3 Grace period (years) 1.0 5.1 7.9 2.6 3.7 4.2 5.7 5.0 4.1 5.6 Grant element (%) 49.3 20.2 45.0 14.4 16.6 7.4 15.7 34.0 36.3 21.6 Official creditors interest (%) 0.0 6.6 3.3 8.1 8.1 6.7 6.9 4.3 3.3 6.5 Maturity (years) 15.0 15.7 25.0 36.0 35.0 13.3 20.0 21.9 114.3 19.3 Grace period (years) 1.0 5.1 9.0 6.0 5.0 4.9 10.0 5.0 4.3 5.6 Grant element (%) 49.3 20.3 52.9 14.2 13.9 16.1 23.2 34.0 37.7 21.6 Private creditors Interest (%) 0.0 7.2 11.5 5.1 6.2 10.0 6.9 0.0 6.0 0.0 Maturity (years) 0.0 5.0 4.8 6.8 11.6 7.2 5.0 0.0 3.0 0.0 Grace period (years) 0.0 0.5 0.9 0.1 3.1 3.4 0.5 0.0 0.5 0.0 Grant element (%) 0.0 5.8 -2.5 14.5 17.8 -3.1 6.5 0.0 5.8 0.0 Memorandum items Commitments 0.1 11.4 12.4 41.2 17.4 11.1 2.1 8.7 15.5 17.4 official creditors 0.1 11.4 10.6 17.7 5.6 6.1 1.2 8.7 14.8 17.4 Private creditors 0.0 0.1 1.8 23.6 11.8 5.0 1.0 0.0 0.7 0.0 III. CON l-R-%Ci ~L OBUG 0B IC B T NS ON OL1 ISTANDIN(.G L NG-TERMI DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 16.3 13.1 8.4 5.6 3.0 2.0 0.8 0.3 0.1 0.0 Principal 12.4 11.6 10.8 9.9 9.0 9.7 9.7 8.4 8.3 7.2 Interest 5.6 5.6 5.6 5.4 5.2 4.9 4.5 4.1 3.8 3.4 Official creditors Disbursements 15.8 13.0 8.4 5.6 3.0 2.0 0.8 0.3 0.1 0.0 Principal 8.1 8.8 8.3 7.9 7.4 8.1 9.1 8.4 8.3 7.2 Interest 4.6 4.9 5.1 5.1 5.0 4.8 4.5 4.1 3.8 3.4 Bilateral creditors Disbursements 6.0 3.8 2.1 1.2 0.5 0.5 0.3 0.2 0.0 0.0 Principal 4.7 5.0 4.5 4.1 3.3 3.6 4.1 3.8 3.8 2.7 Interest 1.0 1.0 0.9 0.9 0.9 0.8 0.7 0.7 0.6 0.5 Multilateral creditors Disbursements 9.8 9.2 6.3 4.5 2.5 1.5 0.5 0.1 0.1 0.0 Principal 3.5 3.8 3.8 3.7 4.1 4.5 4.9 4.6 4.5 4.5 Interest 3.6 3.9 4.1 4.2 4.1 4.0 3.8 3.5 3.2 2.9 Private creditors Disbursements 0.5 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 4.3 2.8 2.4 2.0 1.6 1.6 0.6 0.0 0.0 0.0 Interest 1.0 0.7 0.5 0.3 0.2 0.1 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.2 0.7 0.3 0.3 0.3 0.3 0.0 0.0 0.0 0.0 Interest 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.1 2.1 2.1 1.7 1.3 1.3 0.6 0.0 0.0 0.0 Interest 0.8 0.6 0.5 0.3 0.2 0.1 0.0 0.0 0.0 0.0 476 SIERRA LEONE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. hL'TMlARY DEBT DA I TOTAL DEBT STOCKS (EDT) 469 1,151 1,206 1,245 1,396 1,493 1,178 1,181 1,149 Long-term debt (LDOD) 61 357 604 616 677 764 849 906 906 893 Public and publicly guaranteed 61 357 604 616 677 764 849 906 906 893 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 59 108 101 92 84 146 165 171 167 Short-term debt 53 439 488 476 548 497 107 105 89 of which interest arrears on LDOD 7 107 143 55 52 14 3 3 3 Official creditors 4 82 112 46 47 10 3 2 2 Private creditors 4 25 31 9 6 4 0 0 0 Memo: principal arrears on LDOD 17 247 272 136 123 45 17 21 20 Official creditors 4 173 188 111 104 26 13 17 16 Private creditors 12 74 84 26 19 19 4 4 4 Memo: export credits 166 166 152 203 171 129 123 133 TOTAL DEBT FLOWS Disbursements 8 104 24 16 52 100 200 115 92 51 Long-term debt 8 84 24 16 52 100 64 95 78 44 IMF purchases 0 21 0 0 0 0 137 20 15 7 Principal repayments 16 50 12 10 16 13 98 59 47 10 Long-term debt 11 34 7 3 11 5 17 55 44 10 IMF repurchases 5 17 5 8 5 8 81 4 3 0 Net flows on debt -8 54 11 19 112 161 90 -136 43 25 of which short-term debt .. -1 13 76 75 -13 -192 -2 -16 Interest payments (INT) 16 9 5 18 18 62 21 12 10 Long-term debt 3 8 4 1 10 13 20 19 10 8 IMF charges 0 2 0 1 3 2 38 1 1 1 Short-term debt .. 6 5 4 5 4 5 1 1 1 Net transfers on debt 39 2 14 94 143 28 -156 31 16 Total debt service paid (TDS) 66 21 15 34 31 160 79 59 20 Long-term debt 13 41 11 4 21 17 36 74 54 18 IMFrepurchases and charges 5 19 5 8 9 10 119 4 4 1 Short-term debt (interest only) .. 6 5 4 5 4 5 1 1 1 2. AGGREGATE N Er RELsOURCE FL,01 SA)ND NEr TRANSFERS tLON,-IE RNIi NET RESOURCE FLOWS 7 56 79 52 80 231 115 128 115 107 Net flow of long-term debt (ex. IMF) -3 50 17 14 41 95 47 40 34 34 Foreign direct investment (net) 8 -19 32 8 -6 -7 -4 1 5 4 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 1 24 30 30 45 144 72 87 76 69 Memo: technical coop. grants 5 21 30 28 28 30 27 25 31 21 official net resource flows 5 63 43 44 86 238 119 155 110 103 private net resource flows 2 -7 36 8 -6 -7 -4 -27 5 4 NET TRANSFERS 0 43 24 40 69 217 92 107 102 97 Interest on long-term debt 3 8 4 1 10 13 20 19 10 8 Profit remittances on FDI 5 5 51 10 1 2 3 2 3 2 Memo: official net transfers 3 60 39 43 76 226 99 137 100 95 private net transfers -4 -17 -15 -2 -7 -9 -7 -29 2 2 3. MIAJOR ECONONIC C ;GREC.ATES Gross national product (GNP) 412 1,169 800 756 623 718 813 810 909 812 Exports of goods & services (XGS) .. 276 210 225 204 179 218 129 129 93 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 494 287 220 217 254 353 281 332 150 International reserves (RES) .. .. .. . .. .. .. Current account balance .. -165 -69 15 -6 -58 -89 -127 4. DEBT INDICATORS EDT i XGS (%) .. 169.9 547.4 535.5 609.6 779.3 685.9 913.0 915.6 1,235.2 EDT j GNP (%) .. 40.1 143.9 159.6 199.7 194.5 183.6 145.4 129.9 141.5 TDS / XGS (%) .. 23.7 10.1 6.8 16.9 17.5 73.4 61.5 45.7 21.1 INT/ XGS (%) .. 5.6 4.4 2.4 8.9 10.1 28.6 16.1 9.2 10.5 INT / GNP (%) .. 1.3 1.2 0.7 2.9 2.5 7.7 2.6 1.3 1.2 RES/EDT(%) .. .. .. .. .. .. .. .. RES / MGS (months) .. .. .. .. .. . .. .. Short-term / EDT (%) .. 11.3 38.1 40.5 38.2 39.3 33.3 9.1 8.9 7.7 Concessional /EDT (1) . 37.3 27.1 27.3 30.8 35.3 39.5 59.4 62.5 63.8 Multilateral / EDT (%) .. 13.2 15.8 15.5 17.2 19.8 23.3 36.8 40.8 43.0 477 SIERRA LEONE (US$ million, unless otherwise indicated) 1970 1980 7990 1991 1992 1993 1994 1995 1996 1997 5. LO-NG;-[ERNI DEBT DEBT OUTSTANDING (LDOD) 61 357 604 616 677 764 849 906 906 893 Public and publicly guaranteed 61 357 604 616 677 764 849 906 906 893 Official creditors 34 246 505 519 641 738 823 898 898 887 Multilateral 6 62 182 187 215 276 348 434 482 494 Concessional 0 39 170 175 201 261 329 412 461 475 Bilateral 28 184 323 332 427 461 475 464 416 393 Concessional 14 136 142 154 183 232 261 288 278 258 Private creditors 27 ill 99 98 36 26 26 8 8 6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 20 17 17 17 17 17 0 0 0 Other private 24 91 83 81 19 9 9 8 8 6 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 6 13 1 1 10 4 3 3 3 2 2 IDA 0 29 81 81 108 143 186 231 258 270 DISBURSEMENTS 8 84 24 16 52 100 64 95 78 44 Public and publicly guaranteed 8 84 24 16 52 100 64 95 78 44 Official creditors 4 42 20 16 52 100 64 95 78 44 Multilateral 3 9 1 6 46 67 61 87 75 43 Concessional 0 5 1 6 36 64 58 86 73 43 Bilateral 1 33 19 11 6 32 3 8 3 1 Concessional 1 28 19 1 1 6 32 3 8 3 1 Private creditors 4 42 4 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 4 42 4 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 2 0 0 0 0 0 0 0 0 IDA 0 2 0 0 32 36 38 44 35 27 PRINCIPAL REPAYMENTS 11 34 7 3 11 5 17 55 44 10 Public and publicly guaranteed 11 34 7 3 11 5 17 55 44 10 Official creditors 1 4 7 3 11 5 17 27 44 10 Multilateral 0 1 2 1 11 3 4 4 4 4 Concessional 0 0 0 1 4 2 3 3 4 3 Bilateral 1 3 5 1 0 2 13 23 40 7 Concessional 0 2 2 1 0 0 6 4 2 7 Private creditors 10 29 0 0 0 0 0 28 0 0 Bonds 5 0 0 0 0 0 0 0 0 0 Commercial banks 1 3 0 0 0 0 0 28 0 0 Other private 4 27 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 1 0 0 6 0 0 1 1 0 IDA 0 0 0 0 3 1 1 2 2 1 NET FLOWS ON DEBT -3 50 17 14 41 95 47 40 34 34 Public and publicly guaranteed -3 50 17 14 41 95 47 40 34 34 Official creditors 3 38 13 14 41 95 47 68 34 34 Multilateral 3 8 -1 4 36 65 57 84 71 40 Concessional 0 5 1 5 32 62 55 83 70 40 Bilateral 1 30 13 10 6 30 -10 -16 -37 -5 Concessional 1 26 16 10 6 32 -3 4 0 -5 Private creditors -6 12 4 0 0 0 0 -28 0 0 Bonds -5 0 0 0 0 0 0 0 0 0 Commercial banks -1 -3 0 0 0 0 0 -28 0 0 Other private - 1 15 4 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 2 0 0 -6 0 0 -1 -1 0 IDA 0 2 0 0 29 35 37 42 34 26 478 SIERRA LEONE (US$ mzillion, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LLNT) 3 8 4 1 10 13 20 19 10 8 Public and publicly guaranteed 3 8 4 1 10 13 20 19 10 8 Official creditors 1 2 4 1 10 13 20 19 10 8 Multilateral 0 1 2 1 8 2 2 3 3 2 Concessional 0 0 1 1 4 2 2 2 32 Bilateral 1 1 2 0 2 10 17 16 7 6 Concessional 0 0 1 0 2 1 2 3 1 5 Private creditors 1 5 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 1 0 0 0 0 0 0 0 0 Other private 1 4 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 1 0 1 4 0 0 0 0 0 IDA 0 0 0 0 4 1 1 2 2 1 NET TRANSFERS ON DEBT -5 43 13 13 31 82 27 21 24 26 Public and publicly guaranteed -5 43 13 13 31 82 27 21 24 26 Official creditors 2 36 9 13 31 82 27 50 24 26 Multilateral 3 7 -3 3 28 62 55 81 68 37 Concessional 0 5 0 4 27 60 53 81 67 38 Bilateral -1 29 12 10 3 20 -28 -31 -44 -11 Concessional 1 26 15 10 3 31 -5 1 -1 -10 Private creditors -7 7 4 0 0 0 0 -28 0 0 Bonds -5 0 0 0 0 0 0 0 0 0 Commercial banks -1 -4 0 0 0 0 0 -28 0 0 Other private -1 11 4 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 2 1 0 -1 -10 -1 -1 -l -1 0 IDA 0 2 0 -1 26 34 36 41 32 25 DEBT SERVICE (LTDS) 13 41 11 4 21 17 36 74 54 18 Public and publicly guaranteed 13 41 11 4 21 17 36 74 54 18 Official creditors 2 6 11 4 21 17 36 45 54 18 Multilateral 0 2 4 3 19 5 6 6 7 6 Coneessional 0 0 1 1 9 4 5 5 7 5 Bilateral 2 4 7 1 2 12 30 39 46 13 Concessional 1 2 4 1 2 1 8 6 4 11 Private creditors 11 35 0 0 0 0 0 28 0 0 Bonds 5 0 0 0 0 0 0 0 0 0 Commercial banks 1 4 0 0 0 0 0 28 0 0 Other private 5 31 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 1 0 1 10 1 1 1 1 0 IDA 0 0 0 1 6 2 2 3 4 2 UNDISBURSED DEBT 25 116 164 189 302 327 307 263 217 170 Official creditors 22 95 164 189 302 327 307 263 217 170 Private creditors 2 22 0 0 0 0 0 0 0 0 Memorandum items Coneessional LDOD 14 175 312 329 384 492 590 700 739 733 Variable rate LDOD 6 0 8 8 9 6 8 12 12 11 Public sector LDOD 61 357 604 616 677 764 849 906 906 893 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6.' ( tRRE NCi' CONIPOSIIION OF LONG-TL-RMN DEBf 'PER'. EN F Deutsche mark 10.9 15.7 4.8 4.7 3.2 2.2 2.1 1.7 1.6 1.5 French franc 19.1 2.7 6.1 5.9 4.6 4.0 3.1 2.8 2.7 2.6 Japanese yen 0.0 4.8 7.4 7.8 6.6 5.8 9.5 8.7 7.6 6.8 Pound sterling 38.9 10.0 2.2 2.0 1.4 0.7 0.5 0.6 0.7 0.7 Swiss franc 0.8 10.7 8.3 7.8 5.0 3.7 3.5 3.3 2.8 2.6 U.S.dollars 16.9 23.4 30.3 29.6 43.1 46.1 43.5 40.3 39.6 42.3 Multiple currency 10.3 4.0 5.4 5.8 5.1 7.3 8.9 11.6 12.5 12.8 Special drawing rights 0.0 0.0 11.1 11.0 9.5 9.3 9.9 10.2 10.9 11.0 All other currencies 2.9 28.7 24.4 25.4 21.7 20.8 19.0 20.9 21.7 19.8 479 SIERRA LEONE (US$ millioni, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEFTIEl 'RUSRLCTURINGS Total amount rescheduled 0 0 0 195 47 107 31 24 55 Debt stock rescheduled 0 ..0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 118 34 72 26 14 46 Official 0 0 0 64 25 70 25 13 45 Private 0 0 0 54 10 2 1 1 1 Interest rescheduled 0 ..0 0 77 12 35 4 99 Official 0 ..0 0 57 8 33 4 9 9 Private 0 ..0 0 20 5 2 0 0 0 Debt forgiven ...0 0 26 9 28 18 5 0 Memo: interest forgiven ...0 0 13 2 2 119 0 3 Debt stock reduction 0 ..0 0 0 0 0 222 0 0 of which debt buyback 0 ..0 0 0 0 0 29 0 0 iS. DEBIT STO CK-FL.O%% RECO)NCILIA riON Total change in debt stocks ... 85 54 39 151 97 -315 3 -32 Net flows on debt ... 11 19 112 161 90 -136 43 25 Net change in interest arrears .. 32 36 -89 -3 -38 -11 0 0 Interest capitalized ...0 0 77 12 35 4 9 9 Debt forgiveness or reduction ...0 0 -26 -9 -28 -210 -5 0 Cross-currency valuation ... 47 -2 -25 -11 34 17 -22 -36 Residual ...-5 0 -10 0 4 21 -21 -31 9. .-% A IRAGVFE ERMS OF NEI% CONlI1li-I!ENTS ALL CREDITORS Interest (%) 2.9 5.3 2.3 0.7 1.5 0.7 1.5 0.6 0.6 0.7 Maturity (years) 26.7 25.5 26.6 48.3 39.3 38.9 32.4 32.6 34.5 50.1 Grace period (years) 5.6 5.9 8.9 10.3 9.3 10.2 8.8 7.8 8.5 10.6 Grant element (%) 49.9 32.7 60.8 82.2 72.3 80.2 68.0 70.4 73.0 83.5 Official creditors Interest (% 2.1 4.7 1.2 0.7 1.5 0.7 1.5 0.6 0.6 0.7 Maturity (years) 33.0 30.3 30.6 48.3 39.3 38.9 32.4 32.6 34.5 50.1 Grace period (years) 6.8 7.7 10.2 10.3 9.3 10.2 8.8 7.8 8.5 10.6 Grant element (% 61.6 40.4 71.1 82.2 72.3 80.2 68.0 70.4 73.0 83.5 Private creditors InteTeSt (%) 5.4 7.0 9.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 6.7 12.8 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.7 1.3 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 12.7 12.5 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 25 68 27 46 181 137 35 48 69 14 Official creditors 19 49 23 46 181 137 35 48 69 14 Private creditors 6 19 4 0 0 0 0 0 0 0 III. L (JNTR WA( TI %L OIL.IG A-1 IONS ON OU[TSI ANIDIN(. LON(.'--[ kl¶R DEB I 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 68 49 28 14 7 2 2 1 0 0 Principal 27 23 22 25 31 35 37 38 37 37 Interest 19 18 18 18 17 16 15 14 13 13 Official creditors Disbursements 68 49 28 14 7 2 2 1 0 0 Principal 27 23 22 25 31 34 37 37 37 37 Interest 19 18 18 18 17 16 15 14 13 12 Bilaterat creditors Disbursements 2 2 1 1 0 0 0 0 0 0 Principal 13 1 1 12 15 20 20 20 20 19 20 Interest 14 14 14 13 12 12 1 1 10 9 8 Multilateral creditors Disbursements 66 47 27 14 6 2 1 0 0 0 Principal 14 12 10 10 11 15 17 18 18 17 Interest 4 4 5 5 5 4 4 4 4 4 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principat 0 0 0 0 0 0 0 000 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 480 SLOVAK REPUBLIC (US$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SL'INIMARI DEBTf IJAI A TOTAL DEBT STOCKS (EDT) 2,008 2,655 2,746 3,346 4,639 5,666 7,703 9,989 Long-term debt (LDOD) 1,505 1,764 1,710 2,075 2,761 3,496 4,438 5,446 Public and publicly guaranteed ..1,505 1,764 1.710 2,074 2.748 3,410 3,892 4,658 Private nonguaranteed .. 0 0 0 1 13 85 546 789 Use of IMF credit 0 0 0 399 469 557 642 457 319 249 Short-term debt .. 503 492 567 715 1,236 1,714 2,946 4,294 of which interest arrears on LDOD ..0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD ..0 0 0 1 2 0 2 0 Official creditors ..0 0 0 0 0 0 0 0 Private creditors 0 0 0 1 2 0 2 0 Memo: expor-t credits .. 0 0 412 339 401 570 540 642 TOTAL DEBT FLOWS Disbursements . - 436 880 330 935 1,078 1,059 1,760 1,999 Long-term debt 436 499 228 845 940 1,059 1,760 1,999 IMF purchases 0 0 0 382 102 90 138 0 0 0 Principal repayments . - 171 248 395 434 541 855 820 950 Long-term debt 171 248 380 434 452 654 695 899 IMF repurchases 0 0 0 0 15 0 89 201 124 52 Net flows on debt -- 173 622 10 649 1,059 682 2,172 2,397 of which short-term debt ..-91 -11 75 148 521 478 1,232 1,348 Interest payments (INT) . - 147 155 196 212 294 414 508 425 Long-term debt . .. 84 106 120 153 179 278 285 231 IMF charges 0 0 0 16 32 32 30 32 17 13 Short-term debt . .. 63 33 44 27 85 105 206 181 Net transfers on debt 26 467 -186 437 765 268 1,664 1,973 Total debt service paid (TDS) -. 318 403 591 646 834 1,269 1,328 1,375 Long-term debt . .. 256 354 500 587 631 932 980 1,129 IMF repurchases and charges 0 0 0 16 47 32 119 233 141 65 Short-term debt (interest only) . .. 63 33 44 27 85 105 206 181 2. AGGRE(I. ~IE NET RESOURC E 1-[0% S AND NE I' Y-R%N,;FRS iLONC- I ERNlI NET RESOURCE FLOWS -.265 278 -131 637 752 661 1,404 1,343 Net flow of long-term debt (ex. IMF) . .. 264 251 -153 411 488 405 1,064 1,101 Foreign direct investment (net) . .. 0 0 0 199 203 183 281 165 Portfolio equity flows . .. 0 0 0 0 0 60 0 48 Grants (excluding technical coop.) . .. 0 27 22 27 61 14 58 30 Memo: technical coop. grants . . 0 11 42 23 18 68 79 23 official net resource flows . .. -13 178 99 84 262 191 138 269 private net resource flows . .. 278 101 -230 553 489 471 1.266 1,074 NET TRANSFERS - . 180 172 -250 484 573 384 1,113 1,102 Interest on long-term debt . . 84 106 120 153 179 278 285 231 Profit remittances on FDI . .. 0 0 0 0 0 0 6 1 0 Memo: official net transfers ... -26 168 73 66 234 15 7 105 230 private net transfers . .. 206 4 -323 419 339 227 1.008 873 3. MA.JOR EC ONOrNllC .AG( ~REGATES Gross national product (GNP) . .. 15,456 10,804 11,707 11,946 13,646 17.387 18,708 19,340 Exports of goods & services (XGS) .. . , . . 7,576 9,160 11,219 11,117 11,281 of which workers remittances .. . . . . 0 0 0 4 7 Imports of goods & services (MGS) .. . . . . 8,2 54 8,509 10,922 13,404 12,806 International reserves (RES) .. . . . . 920 2,186 3,863 3,895 3,605 Current account balance .. . . . . -580 719 390 -2,090 -1,359 4. DEBT INmIC A rORS EDT / XGS (% . . . . . 44.2 50.6 50.5 69.3 88.5 EDT /GNP (%) ... 13.0 24.6 23.5 28.0 34.0 32.6 41.2 51.6 TDS /XGS (%) .. . . . . 8.5 9.1 11.3 11.9 12.2 INT, XGS (%) ... .. . 2.8 3.2 3.7 4.6 3.8 INT /GNP (%) ... 1.0 1.4 1.7 1.8 2.2 2.4 2.7 2.2 RES /EDT (%) .. . . . . 27.5 47.1 68.2 50.6 36.1 RES / MGS (months) . ... .. 1.3 3.1 4.2 3.5 3.4 Short-term /EDT (%) .. . 5.0 18.5 20.7 21.4 26.6 30.2 38.2 43.0 Concessional I/ EDT (%) . .. 4.1 7.2 8.6 6.8 2.6 1.6 1.6 2.6 Multilateral / EDT (%) ... 4.4 9.0 8.5 8.6 8.0 8.0 6.1 5.1 481 SLOVAK REPUBLIC (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONU-GrERMN DEBT DEBT OUTSTANDING (LDOD) ..1,505 1,764 1,710 2,075 2,761 3,496 4,438 5,446 Public and publicly guaranteed ... 1,505 1,764 1,710 2,074 2,748 3,410 3,892 4,658 Official cre-ditors 126 284 358 411 509 592 633 806 Multilateral 89 239 234 287 372 451 470 507 Concessional 82 165 122 136 40 0 0 0 Bilateral 36 45 124 124 137 140 162 299 Concessional 0 27 113 90 83 91 124 264 Private creditors 1,380 1,480 1,352 1,662 2,239 2,819 3,260 3,852 Bonds 0 73 73 348 552 581 861 850 Commercial banks 866 894 790 708 596 356 333 1,093 Other private 514 512 489 607 1,091 1,883 2,066 1,909 Private nonguaranteed . .0 0 0 1 13 85 546 789 Bonds 0 0 0 0 0 0 100 100 Commercial banks 0 0 0 1 13 85 446 689 Memo: IBRD 0 0 0 70 110 151 247 263 250 228 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS ... 436 499 228 845 940 1,059 1,760 1,999 Public and publicly guaranteed ... 436 499 227 844 928 991 1,267 1,713 Official creditors 8 171 134 73 219 226 97 286 Multilateral 2 143 44 44 170 149 5 1 104 Concessional 2 77 0 4 0 0 0 0 Bilateral 6 27 91 29 49 78 46 181 Concessional 0 27 86 0 26 77 46 166 Private creditors 428 328 93 771 709 764 1,170 1,428 Bonds 0 73 0 275 267 0 280 0 Commercial banks 209 48 23 212 113 56 210 1,394 Other private 218 207 70 285 329 709 680 34 Private nonguaranteed ...0 0 0 1 12 68 493 286 Bonds 0 0 0 0 0 0 100 0 Commercial banks 0 0 0 1 12 68 393 286 Memo: IBRD 0 0 0 67 44 40 86 8 6 13 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYVMENTS . . 171 248 380 434 452 654 695 899 Public and publicly guaranteed ..171 248 380 434 452 651 663 844 Official creditors 22 20 57 16 17 49 17 46 Multilateral 3 3 46 12 11 41 9 31 Concessional 0 0 42 1 1 1 1 0 0 0 Bilateral 19 17 1 1 4 6 8 8 16 Concessional 0 0 0 0 0 0 0 0 Private creditors 150 228 323 418 434 602 647 798 Bon)ds 0 0 0 0 63 0 0 10 Commercial banks 14 25 105 200 156 191 222 606 Other private 136 203 218 218 215 410 425 181 Private nonguaranteed . .0 0 0 0 0 3 32 55 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 3 32 55 Memo: IBRD 0 0 0 0 0 0 0 0 0 15 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT .. 264 251 -153 411 488 405 1,064 1,101 Public and publicly guaranteed . . 264 251 -153 410 476 340 604 869 Official creditors -14 151 77 57 202 177 80 239 Multilateral 0 141 -2 32 159 108 42 73 Concessional 2 77 -42 -6 -11 0 0 0 Bilateral -13 10 80 25 43 70 38 166 Concessional 0 27 86 0 26 77 46 166 Private creditors 278 101 -230 353 274 163 524 630 Bonds 0 73 0 275 204 0 280 -10 Commercial banks 195 23 -82 12 -44 -136 -12 788 Other private 83 4 -148 67 115 299 256 -147 Private nonguaranteed 0 0 0 1 12 65 461 232 Bonds 0 0 0 0 0 0 100 0 Commercial baniks 0 0 0 1 12 65 361 232 Memo: IBRD 0 0 0 67 44 40 86 8 6 -2 IDA 0 0 0 0 0 0 0 0 0 0 482 SLOVAK REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) . . 84 106 120 153 179 278 285 231 Public and publicly guaranteed . 84 106 120 153 179 277 262 199 Official creditors ... 12 9 27 19 28 34 33 39 Multilateral ..9 7 23 17 24 28 26 31 Concessional ..8 6 17 8 11 0 0 0 Bilateral ..3 2 4 t 4 5 7 8 Concessional ...0 0 3 0 0 2 4 5 Private creditors ... 72 97 93 134 151 243 229 160 Bonds ..0 0 7 12 7 53 58 61 Commercial banks . .. 46 63 54 79 86 50 21 38 Other private ... 27 34 32 43 58 141 150 61 Private nonguaranteed . .. 0 0 0 0 0 1 23 31 Bonds ..0 0 0 0 0 0 0 6 Commercial banks . .. 0 0 0 0 0 1 23 26 Memo: IBRD 0 0 0 0 5 9 12 17 17 16 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT . 180 145 -272 258 309 127 780 870 Public and publicly guaranteed .. 180 145 -272 257 297 63 342 670 Official creditors ... -26 141 51 39 174 144 47 200 Multilateral ...-9 134 -25 15 135 80 1 6 42 Concessional ..-6 70 -59 -15 -21 0 0 0 Bilateral ... -17 8 75 24 39 64 31 158 Concessional ...0 27 83 0 26 76 42 161 Private creditors .. 206 4 -323 219 124 -80 295 470 Bonds ...0 73 -7 263 197 -53 222 -72 Commercial banks ..150 -40 -136 -68 -130 -186 -32 750 Other private ... 56 -30 -180 24 57 158 106 -208 Private nonguaranteed . . 0 0 0 1 12 64 438 200 Bonds ..-0 0 0 0 0 0 100 -6 Commercial banks . .. 0 0 0 1 12 64 338 206 Memo: IBRD 0 0 0 67 39 31 74 -9 -11 -18 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) ..256 354 500 587 631 932 980 1,129 Public and publicly guaranteed . .. 256 354 500 587 630 928 925 1,043 Official creditors ... 34 29 84 34 45 83 50 85 Multilateral ...11 9 68 29 35 69 35 62 Concessional ...8 6 59 19 21 0 0 0 Bilateral ... 22 20 15 5 10 13 15 24 Concessional ...0 0 3 0 0 2 4 5 Private creditors ... 222 325 416 552 585 845 875 958 Bonds ...0 0 7 12 70 53 58 72 Commercial banks . .. 59 88 159 280 243 241 243 645 Other private ... 162 236 250 261 273 551 574 242 Private nonguaranteed . . 0 0 0 0 1 4 55 86 Bonds ...0 0 0 0 0 0 0 6 Commercial banks .. 0 0 0 0 1 4 55 80 Memo: IBRD 0 0 0 0 5 9 12 17 17 30 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT .. 211 277 127 322 331 270 823 333 Official creditors ...0 167 88 256 277 126 311 167 Private creditors ... 211 110 40 66 54 143 512 166 Memorandum items Concessional LDOD . .. 82 192 236 226 123 91 124 264 Variable rate LDOD .. 182 226 206 226 414 809 1,285 2,320 Public sector LDOD .. 1,505 1,761 1,692 2,059 2,691 3,289 3,743 4,472 Private sector LDOD .. 0 3 18 15 70 207 695 974 6. CL RRE.NCi- COMPOSITION OF LON( -T[ER%l DEBT iPEAiCE NHI Deutsche mark ... 39.2 33.0 24.0 13.3 11.4 3.3 3.4 5.9 French franc ... 4.7 6.4 6.1 4.2 3.3 3.1 2.4 1.4 Japanese yen ... 3.7 3.4 1.2 0.8 0.8 2.7 3.2 5.7 Pound sterling ... 0.5 0.2 0.1 0.0 0.2 0.1 0.1 0.0 Swiss franc ... .1 3.4 2.0 1.0 0.3 0.1 0.4 0.5 U.S.dollars ... 35.5 33.2 32.5 25.4 15.1 4.8 15.1 24.3 Multiple currency 5.. .6 15.5 30.8 53.9 66.7 82.4 71.8 58.1 Special drawing rights ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ... 5.6 4.9 3.3 1.6 2.2 3.5 3.7 4.1 483 SLOVAK REPUBLIC (US$ millionz, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RES[URIA- TI' R1NGN Total amount rescheduled 0 0 0 0 0 0 0 0 Debt stock rescheduled ..0 0 0 0 0 0 0 0 Principal rescheduled ...0 0 0 0 0 0 0 0 Official ...0 0 0 0 0 0 0 0 Private ...0 0 0 0 0 0 0 0 Initerest rescheduled ...0 0 0 0 0 0 0 0 Official ...0 0 0 0 0 0 0 0 Private ...0 0 0 0 0 0 0 0 Debt forgiven ...0 0 0 0 1 0 0 0 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction ...0 0 0 0 0 0 0 0 of which debt buyback ...0 0 0 0 0 0 0 0 84. DI)tIB ST(OCK-FU0W R_FLONC1LL%TION Total change in debt stocks ... 181 647 91 601 1,293 1,027 2,037 2,286 Net flows on debt ... 173 622 10 649 1,059 682 2,172 2,397 Net change in interest arrears ...0 0 0 0 0 0 0 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 0 -1 0 0 0 Cross-currency valuation ... 119 -6 -41 -23 67 37 -78 -157 Residual ... -111 31 122 -25 168 309 -58 46 9. ER_AC,F TERNIS OF NEWY I OMMITNIE%TS ALL CREDITORS Interest (%) ... 7.8 5.5 5.4 8.7 7.8 5.8 6.2 5.7 Maturity (years) ... 6.0 11.7 11.2 12.4 10.7 7.4 9.3 5.2 Grace period (years) ... 3.6 3.4 2.2 7.5 5.9 3.5 4.1 1.4 Grant element (%) ... 6.9 22.4 21.1 1.4 6.5 18.2 15.5 11.7 Official creditors Interest (%) ... 3.4 4.3 5.9 4.6 5.9 3.1 5.2 2.6 Maturity (years) ... 19.1 16.7 10.5 15.7 12.1 14.3 14.0 13.0 Grace period (years) ... 5.3 4.5 2.1 5.0 3.1 4.5 4.6 4.5 Grant element (%) ... 46.1 33.5 18.6 32.6 17.7 38.7 26.5 40.6 Private creditors Interest (%) ... 7.8 7.3 4.3 10.7 8.7 7.3 6.5 6.1 Maturity (years) ... 5.9 4.8 12.8 10.8 10.0 3.7 7.8 4.0 Grace period (years) . . 3.5 1.8 2.5 8.7 7.4 3.0 3.9 0.9 Grant clement (%) ... 6.6 7.0 26.5 -13.8 0.8 7.3 12.1 7.3 Memorandum items Commitments ... 265 579 84 785 815 268 1,234 1,280 Official creditors ...2 337 57 257 274 94 292 172 Private creditors ... 263 242 27 528 541 175 942 1,108 Ilii. CON IRA(TIF k.L OBIA. VIlIONS ON Ot TS'IAND)IN( LONG-TERNI DEBI 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 201 99 24 9 1 0 0 0 0 0 Principal 1,106 770 656 589 386 303 236 236 533 213 Interest 265 205 173 138 118 98 85 74 63 32 Official creditors Disbursements 86 50 21 9 1 0 0 0 0 0 Principal 48 58 72 83 105 100 88 88 88 72 Interest 40 39 36 31 35 29 24 20 15 11 Bilateral creditorS Disbursemcnts 46 23 10 6 1 0 0 0 0 0 Principal 7 9 18 24 39 37 37 37 37 37 Interest 9 10 10 9 12 10 9 7 6 5 Multilateral creditors Disbursements 41 27 1 1 4 0 0 0 0 0 0 Principal 41 49 54 59 66 63 51 5 1 51 34 Interest 31 29 26 23 24 19 16 12 9 6 Private creditors DisbUrSements 114 49 3 0 0 0 0 0 0 0 Principal 1,058 712 584 506 281 204 148 147 444 142 Interest 225 166 137 107 83 68 60 54 48 21 Commercial banks Disbursements 114 49 3 0 0 0 0 0 0 0 Principal 257 394 182 146 100 34 30 30 29 28 Interest 69 59 41 30 21 13 1 1 9 6 4 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 802 318 402 360 181 169 118 117 415 114 Interest 156 108 96 77 63 55 50 46 42 17 484 SOLOMON ISLANDS (US$ millioni, unless otlherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUMIlIARN DEBT D.NT TOTAL DEBT STOCKS (EDT) .. 19.4 120.5 129.5 94.3 150.5 154.9 157.5 145.1 135.4 Long-term debt (LDOD) .. 17.4 103.2 98.4 92.5 144.4 152.9 147.8 143.6 133.2 Public and publicly guaranteed .. 17.4 103.2 98.4 92.5 94.3 98.4 99.0 98.0 92.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 50.1 54.5 48.8 45.6 41.2 Use of IMF credit 0.0 0.0 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 2.0 16.6 31.0 1.8 6.1 2.0 9.7 1.4 2.2 of which interest arrears on LDOD .. 0.0 0.1 0.0 0.2 0.0 0.0 8.4 0.6 2.1 Official creditors .. 0.0 0.1 0.0 0.1 0.0 0.0 0.5 0.4 1.6 Private creditors .. 0.0 0.0 0.0 0.1 0.0 0.0 8.0 0.2 0.5 Memo: principal arrears on LDOD .. 0.0 0.2 0.0 0.5 0.0 1.2 11.4 2.4 5.0 Official creditors .. 0.0 0.2 0.0 0.3 0.0 0.0 1.5 2.2 4.0 Private creditors .. 0.0 0.0 0.0 0.2 0.0 1.2 9.9 0.2 1.0 Memo: export credits ... 29.0 69.0 65.0 64.0 62.0 64.0 54.0 55.0 TOTAL DEBT FLOWS Disbursements .. 4.0 5.2 3.3 4.9 8.0 10.4 10.5 4.3 2.8 Long-term debt .. 4.0 5.2 3.3 4.9 8.0 10.4 10.5 4.3 2.8 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments .. 0.0 7.9 9.2 5.2 7.1 12.5 6.5 6.3 4.4 Long-term debt .. 0.0 7.0 8.6 5.2 7.1 12.5 6.5 6.3 4.4 IMF repurchases 0.0 0.0 0.8 0.6 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt .. 3.9 13.8 8.6 -29.7 5.4 -6.3 3.2 -2.4 -2.3 of which short-term debt ... 16.5 14.5 -29.4 4.5 -4.1 -0.8 -0.4 -0.7 Interest payments (INT) .. 0.3 3.7 4.2 2.4 2.8 3.3 1.6 2.1 1.3 Long-termn debt .. 0.0 3.1 2.7 1.5 2.6 3.1 1.5 2.0 1.3 IMF charges 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.3 0.5 1.4 0.9 0.2 0.2 0.1 0.0 0.0 Net transfers on debt .. 3.7 10.1 4.4 -32.1 2.6 -9.6 1.6 -4.5 -3.7 Total debt service paid (TDS) .. 0.3 11.6 13.4 7.6 10.0 15.9 8.1 8.4 5.7 Long-termn debt .. 0.0 10.1 11.3 6.7 9.7 15.6 8.0 8.3 5.7 IMF repurchases and charges 0.0 0.0 1.0 0.7 0.0 0.0 0.0 0.0 0.0 0.0 Short-termn debt (interest only) .. 0.3 0.5 1.4 0.9 0.2 0.2 0.1 0.0 0.0 2..-%(;(-RFG ATE NEtI RESOU'RCE FLO" S AN"D NTTTlRX,NSFERS iLONU'-TERMNi NET RESOURCE FLOWS .. 27.3 28.4 24.8 34.7 23.9 26.4 41.3 37.5 36.2 Net ftow of long-term debt (ex. tMF) .. 3.9 -1.8 -5.2 -0.3 0.9 -2.2 4.0 -2.0 -1.6 Foreign direct investment (net) .. 2.4 10.0 15.0 14.0 13.0 11.0 18.0 21.0 22.0 Portfolio equity flows .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) .. 21.0 20.2 15.0 21.0 10.0 17.6 19.3 18.5 15.8 Memo: technical coop. grants .. 11.5 19.5 18.0 20.0 21.3 25.5 26.0 20.9 18.5 official net resource flows .. 24.9 21.5 12.9 22.1 10.7 17.5 21.5 20.6 17.8 private net resource flows .. 2.4 6.9 11.9 12.6 13.2 9.0 19.8 16.9 18.3 NET TRANSFERS .. 12.4 23.3 18.2 29.2 16.3 17.3 34.8 28.5 26.9 Interest on long-term debt .. 0.0 3.1 2.7 1.5 2.6 3.1 1.5 2.0 1.3 Profit remittances on FDI .. 14.9 2.0 3.8 4.0 5.0 6.0 5.0 7.0 8.0 Memo: official net transfers .. 24.9 19.9 11.2 21.1 8.9 16.0 20.7 19.4 17.5 private net transfers .. -12.5 3.4 7.0 8.1 7.4 1.4 14.1 9.0 9.3 3. %L.%.JfOR ECONOMI1C XGGREGATES Gross national product (GNP) .. 107.9 207.3 230.4 258.7 255.3 289.9 320.7 355.9 367.3 Exports of goods & services (XGS) .. 85.0 97.8 116.4 138.8 172.6 193.6 211.3 217.0 242.0 of which workers remiittances .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & services (MGS) .. 117.0 163.6 190.6 176.4 223.2 253.2 238.5 245.0 305.0 International reserves (RES) . .. .. .. Current account balance .. -12.2 -27.8 -35.8 1.3 -7.3 -3.4 5.5 14.6 -27.7 4.4 DEBTI INDICXTORS EDT! XGS (% . 22.8 123.2 111.2 67.9 87.2 80.0 74.5 66.9 56.0 EDT /GNP (% . 18.0 58.1 56.2 36.4 59.0 53.4 49.1 40.8 36.9 TDS/'XGS (%) .. 0.4 11.8 11.5 5.5 5.8 8.2 3.8 3.9 2.4 INT iXGS (%) .. 0.3 3.8 3.6 1.8 1.6 1.7 0.7 1.0 0.6 INT, GNP (%) .. 0.3 1.8 1.8 0.9 1.1 1.1 0.5 0.6 0.4 RES/EDT (%)............ RES /MGS (months) . .. .. .. Short-termn/ EDT (%) .. 10.3 13.8 24.0 1.9 4.1 1.3 6.1 1.0 1.6 Concessional / EDT (% . 89.7 64.1 59.8 77.9 50.4 53.6 54.7 60.3 60.4 Multilateral / EDT (%) .. 36.7 51.0 49.3 66.9 44.6 48.3 49.7 54.7 54.9 485 SOLOMON ISLANDS (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 ~.LONG.-TERMI D)EBT DEBT OUTSTANDING (LDOD) .. 17.4 103.2 98.4 92.5 144.4 152.9 147.8 143.6 133.2 Public and publicly guaranteed .. 17.4 103.2 98.4 92.5 94.3 98.4 99.0 98.0 92.0 Official creditors .. 17.4 89.1 87.6 83.2 84.7 91.2 93.8 93.8 87.8 Multilateral .. 7.1 61.5 63.8 63.1 67.1 74.8 78.2 79.4 74.3 Concessional .. 7.1 61.5 63.8 63.1 67.1 74.8 78.2 79.4 74.3 Bilateral .. 10.3 27.7 23.8 20.1 17.6 16.4 15.6 14.4 13.5 Concessional .. 10.3 15.8 13.7 10.4 8.7 8.2 8.0 8.1 7.5 Private creditors .. 0.0 14.1 10.8 9.3 9.5 7.2 5.2 4.2 4.2 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 10.9 8.2 5.5 2.7 0.0 0.0 0.0 0.0 Other private .. 0.0 3.2 2.7 3.9 6.8 7.2 5.2 4.2 4.2 Private nonguaranteed .. 0.0 0.0 0.0 0.0 50.1 54.5 48.8 45.6 41.2 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 50.1 54.5 48.8 45.6 41.2 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 16.6 18.7 18.4 19.6 22.4 25.9 29.2 29.9 DISBURSEMENTS .. 4.0 5.2 3.3 4.9 8.0 10.4 10.5 4.3 2.8 Public and publicly guaranteed .. 4.0 5.2 3.3 4.9 8.0 2.8 7.8 4.3 2.8 Official creditors .. 4.0 5.2 3.3 3.4 4.5 2.8 3.5 4.3 2.8 Multilateral .. 4.0 5.2 3.3 3.4 4.5 2.8 3.5 4.3 2.8 Concessional .. 4.0 5.2 3.3 3.4 4.5 2.8 3.5 4.3 2.8 Bilateral .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Concessional .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 1.5 3.5 0.0 4.2 0.0 0.0 Bonids .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.0 0.0 1.5 3.5 0.0 4.2 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 7.6 2.8 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 7.6 2.8 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.5 1.9 0.5 1.2 1.8 3.2 4.3 2.6 PRINCIPAL REPAYVMENTS .. 0.0 7.0 8.6 5.2 7.1 12.5 6.5 6.3 4.4 Public and publicly guaranteed .. 0.0 7.0 8.6 5.2 7.1 6.0 1.8 3.1 0.7 Official creditors .. 0.0 3.9 5.4 2.2 3.8 2.9 1.3 2.2 0.7 Multilateral .. 0.0 0.5 1.7 0.7 0.9 0.9 0.6 0.9 0.3 Concessional .. 0.0 0.5 1.7 0.7 0.9 0.9 0.6 0.9 0.3 Bilateral .. 0.0 3.4 3.8 1.5 2.9 2.0 0.7 1.3 0.4 Concessional .. 0.0 1.4 1.8 1.4 1.6 0.8 0.2 0.4 0.4 Ptrivate cr editors .. 0.0 3.1 3.1 2.9 3.3 3.1 0.5 0.9 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 2.7 2.7 2.7 2.7 2.7 0.0 0.0 0.0 Other private .. 0.0 0.4 0.4 0.2 0.6 0.4 0.5 0.9 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 6.5 4.7 3.2 3.7 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 6.5 4.7 3.2 3.7 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.2 0.2 NET FLOWS ON DEBT .. 3.9 -1.8 -5.2 -0.3 0.9 -2.2 4.0 -2.0 1.16 Public and publicly guaranteed .. 3.9 -1.8 -5.2 -0.3 0.9 -3.2 6.0 1.2 2.0 Official creditors .. 3.9 1.3 -2.1 1.1 0.7 -0. 1 2.2 2.1 2.0 Multilateral .. 4.0 4.7 1.7 2.6 3.6 1.9 2.9 3.4 2.4 Concessional .. 4.0 4.7 1.7 2.6 3.6 1.9 2.9 3.4 2.4 Bilateral .. 0.0 -3.4 -3.8 -1.5 -2.9 -2.0 -0.7 -1.3 -0.4 Concessional .. 0.0 -1.4 -1.8 -1.4 -1.6 -0.8 -0.2 -0.4 -0.4 Private creditors .. 0.0 -3.1 -3.1 -1.4 0.2 -3.1 3.8 -0.9 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 -2.7 -2.7 -2.7 -2.7 -2.7 0.0 0.0 0.0 Other private .. 0.0 -0.4 -0.4 1.3 2.9 -0.4 3.8 -0.9 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 1.1 -2.0 -3.2 -3.7 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 1.1 -2.0 -3.2 -3.7 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.5 1.9 0.5 1.1 1.7 3.1 4.2 2.4 486 SOLOMON ISLANDS (USS million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) .. 0.0 3.1 2.7 1.5 2.6 3.1 1.5 2.0 1.3 Public and publicly guaranteed .. 0.0 3.1 2.7 1.5 2.6 2.1 0.9 1.5 0.3 Official creditors .. 0.0 1.6 1.7 1.0 1.8 1.5 0.8 1.2 0.3 Multilateral .. 0.0 0.6 0.6 0.6 0.7 0.7 0.5 0.6 0.2 Concessional .. 0.0 0.6 0.6 0.6 0.7 0.7 0.5 0.6 0"2 Bilateral .. 0.0 1.0 1.1 0.4 1.2 0.8 0.3 0.6 0.1 Concessional .. 0.0 0.0 0.2 0.1 0.2 0.1 0.0 0.1 0.1 Private creditors .. 0.0 1.5 1.1 0.5 0.8 0.6 0.1 0.4 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 1.2 0.8 0.4 0.2 0.1 0.0 0.0 0.0 Other private .. 0.0 0.3 0.2 0.1 0.5 0.5 0.1 0.4 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 1.0 0.6 0.5 1.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 1.0 0.6 0.5 1.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.1 0.2 0.1 0.2 0.2 0.2 NET TRANSFERS ON DEBT .. 3.9 -4.9 -8.0 -1.8 -1.7 -5.3 2.5 -4.0 -2.9 Public and publicly guaranteed .. 3.9 -4.9 -8.0 -1.8 -1.7 -5.3 5.1 -0.3 1.7 Official creditors .. 3.9 -0.3 -3.8 0.1 -1.1 -1.6 1.4 0.9 1.7 Multilateral .. 3.9 4.1 1.1 2.0 2.9 1.2 2.4 2.9 2.2 Concessional .. 3.9 4.1 1.1 2.0 2.9 1.2 2.4 2.9 2.2 Bilateral .. 0.0 -4.4 -4.9 -2.0 -4.0 -2.8 -1.0 -1.9 -0.5 Concessional .. 0.0 -1.4 -2.0 -1.5 -1.8 -0.9 -0.2 -0.5 -0.5 Private creditors .. 0.0 -4.7 -4.2 -1.9 -0.6 -3.7 3.7 -1.3 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 -3.9 -3.5 -3.1 -2.9 -2.8 0.0 0.0 0.0 Other private .. 0.0 -0.7 -0.6 1.2 2.4 -0.9 3.7 -1.3 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 -2.5 -3.7 -4.6 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 -2.5 -3.7 -4.6 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.4 1.8 0.4 0.9 1.6 3.0 4.0 2.2 DEBT SERVICE (LTDS) .. 0.0 10.1 11.3 6.7 9.7 15.6 8.0 8.3 5.7 Public and publicly guaranteed .. 0.0 10.1 11.3 6.7 9.7 8.1 2.7 4.6 1.1 Official creditors .. 0.0 5.5 7.1 3.3 5.7 4.4 2.1 3.4 1.1 Multilateral .. 0.0 1.1 2.2 1.3 1.6 1.6 1.1 1.5 0.6 Concessional .. 0.0 1.1 2.2 1.3 1.6 1.6 1.1 1.5 0.6 Bilateral .. 0.0 4.4 4.9 2.0 4.0 2.8 1.0 1.9 0.5 Concessional .. 0.0 1.4 2.0 1.5 1.8 0.9 0.2 0.5 0.5 Ptivate creditors .. 0. 4.7 4.2 3.4 4.1 3.7 0.6 1.3 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 3.9 3.5 3.1 2.9 2.8 0.0 0.0 0.0 Other private .. 0.0 0.7 0.6 0.3 1.2 0.9 0.6 1.3 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 7.5 5.3 3.7 4.6 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 7.5 5.3 3.7 4.6 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.1 0.1 0.2 0.3 0.3 0.3 0.3 0.4 UNDISBURSED DEBT .. 12.9 25.4 26.5 11.3 20.8 18.5 15.7 10.8 7.3 Official creditors .. 12.9 10.4 11.5 8.1 20.8 18.5 15.7 10.8 7.3 Private creditors .. 0.0 15.0 15.0 3.1 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD .. 17.4 77.2 77.4 73.5 75.8 83.0 86.2 87.5 81.8 Variable rate LDOD .. 0.0 10.9 8.2 5.5 52.9 54.5 48.8 45.6 41.2 Public sector LDOD .. 17.4 103.2 98.4 92.5 94.3 98.4 99.0 98.0 92.0 Private sector LDOD .. 0.0 0.0 0.0 0.0 50. 54.5 48.8 45.6 41.2 6. CUiRRENCI COMI'OS(Srl ION OF LONG(;-lER.%I DFEBT rPER( LN'Ti Deutsche mark .. 0.0 3.1 2.7 2.5 1.7 1.3 0.9 0.4 0.4 French franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen .. 0.0 4.7 4.4 6.4 10.2 10.3 3.8 3.0 2.8 Pound sterling .. 59.2 13.1 11.8 8.9 7.1 6.5 6.5 7.1 7.4 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars .. 40.8 52.0 53.2 52.0 49.0 48.0 54.6 56.9 58.9 Multiple currency .. 0.0 7.3 7.1 8.6 11.7 12.8 12.7 12.9 12.1 Special drawing rights .. 0.0 6.3 6.9 7.2 7.8 8.5 8.4 7.9 7.5 All other currencies .. 0.0 13.5 14.0 14.3 12.6 12.6 13.0 11.8 11.0 487 SOLOMON ISLANDS (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RESIlRR CTU RJN(.S Total amount rescheduled .. 0.0 0.0 0.0 8.1 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled .. 0.0 0.0 0.0 8.1 0.0 0.0 0.0 0.0 0.0 Principal rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 6.3 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock Teduction .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S1. DEBIJ ST-IOCK-FI.O%% REL 0\( I 1l. I ION Total change in debt stocks ... 21.0 9.0 -35.2 56.2 4.4 2.5 -12.4 -9.7 Net flows on debt ... 13.8 8.6 -29.7 5.4 -6.3 3.2 -2.4 -2.3 Net change in interest arrears ... 0.1 -0. 1 0.2 -0.2 0.0 8.4 -7.8 1.5 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 -6.3 0.0 0.0 Cross-currency valuiation ... 5.3 -0.2 -3.1 0.4 5.2 1.2 -0.6 -2.9 Residual ... 1.0 0.6 -2.6 50.7 5.5 -4.0 -1.6 -5.9 9. AVERAG IER-IiR S OF Nl.%% I 0(IM I TMENI S ALL CREDITORS Interest (%) .. 1.0 2.2 1.0 4.2 0.8 0.0 7.8 0.0 0.0 Maturity (years) .. 39.8 17.7 41.6 18.4 39.5 0.0 10.2 0.0 0.0 Grace period (years) .. 10.3 11.5 9.6 5.0 10.0 0.0 0.7 0.0 0.0 Grant clement I%) .. 78.4 56.9 78.4 36.2 80.2 0.0 7.6 0.0 0.0 Official creditors Interest (% . 1.0 2.2 1.0 1.0 0.8 0.0 0.0 0.0 0.0 Maturity (years) .. 39.8 17.7 41.6 39.7 39.5 0.0 0.0 0.0 0.0 Grace period (years) .. 10.3 11.5 9.6 10.2 10.0 0.0 0.0 0.0 0.0 Grant element (%) .. 78.4 56.9 78.4 78.3 80.2 0.0 0.0 0.0 0.0 Private creditors Interest (%) .. 0.0 0.0 0.0 6.0 0.0 0.0 7.8 0.0 0.0 Maturity (years) .. 0.0 0.0 0.0 6.5 0.0 0.0 10.2 0.0 0.0 Grace period (years) .. 0.0 0.0 0.0 2.0 0.0 0.0 0.7 0.0 0.0 Grant element (%) .. 0.0 0.0 0.0 12.6 0.0 0.0 7.6 0.0 0.0 Memorandum items Commitments .. 8.3 2.5 6.3 7.2 17.4 0.0 4.2 0.0 0.0 Official creditors .. 8.3 2.5 6.3 2.6 17.4 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 4.6 0.0 0.0 4.2 0.0 0.0 III. (OTRCiI .X OBLI(;.%'I IONS ON O1 iThTX-NDl\U; Lom.O FrFRm DEBTi 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 3.5 2.2 0.7 0.5 0.3 0.1 0.0 0.0 0.0 0.0 Principal 7.0 6.8 7.7 7.1 5.7 5.6 5.9 5.8 5.5 5.2 Interest 3.5 3.2 2.9 2.6 2.4 2.2 2.0 1.7 1.6 1.4 Official creditors Disbursements 3.5 2.2 0.7 0.5 0.3 0.1 0.0 0.0 0.0 0.0 Principal 3.4 3.3 3.4 3.5 2.7 2.5 2.9 3.0 2.9 2.6 Interest 1.0 0.9 0.9 0.8 0.7 0.6 0.6 0.6 0.6 0.6 Bilateral creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 1.8 1.8 1.8 1.9 0.8 0.5 0.5 0.5 0.5 0.0 Interest 0.3 0.2 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Multilateral creditors Disbursements 3.5 2.2 0.7 0.5 0.3 0.1 0.0 0.0 0.0 0.0 Principal 1.6 1.5 1.5 1.7 1.9 2.1 2.4 2.5 2.4 2.6 Interest 0.7 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.6 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 3.6 3.5 4.3 3.6 3.0 3.0 3.0 2.8 2.6 2.6 Interest 2.5 2.3 2.1 1.9 1.7 1.5 1.3 1.2 1.0 0.8 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 3.6 3.5 4.3 3.6 3.0 3.0 3.0 2.8 2.6 2.6 Interest 2.5 2.3 2.1 1.9 1.7 1.5 1.3 1.2 1.0 0.8 488 SOMALIA (U-S$ million, uniless otherwise indicated? 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 I. SUNINIARi DEBT DAT.A TOTAL DEBT STOCKS (EDT) 660 2,370 2,449 2,447 2,501 2,616 2,678 2,643 2,561 Long-term debt (LDOD) 77 595 1,926 1,945 1,898 1,897 1,935 1,961 1,918 1,853 Public and publicly guaranteed 77 595 1.926 1,945 1,898 1,897 1,935 1,961 1,918 11853 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 18 159 160 154 154 164 167 161 151 Short-term debt -- 47 285 344 395 450 518 551 564 558 of which interest arrears on LDOD .. 8 255 313 364 419 487 521 533 534 Official creditors ..8 249 305 354 406 471 504 517 518 Private creditors .. 0 5 8 11 13 16 17 17 16 Memo: principal arrears on LDGD .. 14 674 785 843 930 1,032 1,135 1,167 1,180 Official creditors .. 13 646 750 809 896 997 1,098 1,131 1,145 Private creditors .. 0 28 35 35 34 36 37 36 34 Memo: export credits ... 357 361 416 383 289 254 268 335 TOTAL DEBT FLOWS Disbursements 4 135 46 13 0 0 0 0 0 0 Long-term debt 4 114 46 13 0 0 0 0 0 0 IMFEpurchases 0 22 0 0 0 0 0 0 0 0 Principal repayments 2 11 5 0 0 0 0 0 0 0 Long-termndebt 1 7 3 0 0 0 0 0 0 0 IMFErepurchases 2 4 3 0 0 0 0 0 0 0 Nettflows on debt 2 125 58 13 0 0 0 0 0 -7 of which short-term debt is.. 1 0 0 0 0 0 0 -7 Interest payments (INT) 2 5 0 0 0 0 1 3 0 Long-term debt 0 2 4 0 0 0 0 0 3 0 IMF charges 0 0 1 0 0 0 0 1 1 0 Short-term debt .. 0 0 0 0 0 0 0 0 0 Net transfers on debt -. 122 53 12 0 0 0 -1 -3 -7 Total debt service paid (TDS) -- 13 11 0 0 0 0 1 3 0 Long-term debt 1 9 7000 0 0 3 0 IMF repurchases and charges 2 4 4 0 0 0 0 1 1 0 Short-term debt (interest only) ..0 0 0 0 0 0 0 0 0 2. .(;(-RE(; XTFI NE I RESOLR( E- FLO%%s %ND \ET TR_%NSFERS 'LONG- I ERMNi NET RESOURCE FLOWS 17 380 372 155 606 806 494 150 61 75 Net flow of long-term debt (ex. IMP) 4 106 43 13 0 0 0 0 0 0 Foreign direct investment (net) 5 0 6 0 0 2 1 1 0 0 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 9 274 323 142 606 804 493 149 61 75 Memo: technical coop. grants 11 93 95 41 52 86 47 45 36 41 official net resource flows 13 354 366 155 606 804 493 149 61 75 private net resource flows 4 27 6 0 0 2 1 1 0 0 NET TRANSFERS 16 378 368 154 606 806 494 150 58 75 Interest on long-term debt 0 2 4 0 0 0 0 0 3 0 Profit remittances on FDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers 13 352 362 155 606 804 493 149 58 75 private net transfers 4 27 6 0 0 2 1 1 0 0 3. MAJIOR Et ONOMIIC .%GG.REU.ATLS Gross national product (GNP) 323 603 835...... Exports of goods & services (XGS) .. 262 . .. .. of which workers remittances .. 57 . .. .. Imports of goods & servies (MGS) .. 541 . .. .. International reserves (RES) 21 26 . .. .. Current account balance .. 136 . .. .. 4. DEBTf INDIC ATiORS EDT!/XGS (TI . 2S2.0 . .. .. EDT / GNP (% . 109.5 283.9...... TDS /XGS(% . 4.9 . .. .. INT /XGS (% . 0.9 . .. .. INT/ GNP ().. 0.4 0.6...... RES/EDT(% . 3.9 . .. .. .. RES /MGS (months) 0.6 . .. Short-term / EDT (91) 7.1 12.0 14.0 16.1 18.0 19.8 20.6 21.3 21.8 Concessional,'EDT ().. 82.8 65.7 64.4 63.0 61.8 60.2 59.6 58.9 58.7 Multilateral!I EDT (%) .. 24.1 31.8 31.5 30.5 29.9 29.6 29.4 28.9 28.2 489 SOMALIA (US$ million, unless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG.-TERM DEFBT DEBT OUTSTANDING (LDOD) 77 595 1,926 1,945 1,898 1,897 1,935 1,961 1,918 1,853 Public and publicly guaranteed 77 595 1,926 1,945 1,898 1,897 1,935 1,961 1,918 1,853 Official creditors 75 568 1,889 1,909 1,863 1,863 1,899 1,924 1,882 1,818 Multilateral 7 159 754 772 746 748 774 786 764 723 Concessional 7 147 735 754 729 731 756 767 745 706 Bilateral 68 408 1,136 1,137 1,117 1,114 1,125 1,138 1,119 1,095 Concessional 63 400 822 824 812 815 820 828 812 797 Private creditors 2 28 37 36 35 34 36 37 36 34 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 0 0 0 0 0 0 0 0 0 Other private 0 28 37 36 35 34 36 37 36 34 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 7 72 419 421 410 411 425 432 422 406 DISBURSEMENTS 4 114 46 13 0 0 0 0 0 0 Public and publicly guaranteed 4 114 46 13 0 0 0 0 0 0 Official creditors 4 87 46 13 0 0 0 0 0 0 Multilateral 0 36 46 13 0 0 0 0 0 0 Concessional 0 25 46 13 0 0 0 0 0 0 Bilateral 4 50 0 0 0 0 0 0 0 0 Concessional 4 49 0 0 0 0 0 0 0 0 Private creditors 0 27 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 27 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 10 35 1 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 1 7 3 0 0 0 0 0 0 (1 Public and publicly guaranteed 1 7 3 0 0 0 0 0 0 0 Official creditors 0 7 3 0 0 0 0 0 0 0 Multilateral 0 5 3 0 0 0 0 0 0 0 Concessional 0 0 2 0 0 0 0 0 0 0 Bilateral 0 2 0 0 0 0 0 0 0 0 Concessional 0 2 0 0 0 0 0 0 0 0 Private creditors 1 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 2 0 0 0 0 0 0 0 NET FLOWS ON DEBT 4 106 43 13 0 0 0 0 0 0 Public and publicly guaranteed 4 106 43 13 0 0 0 0 0 0 Official creditors 4 80 43 13 0 0 0 0 0 0 Multilateral 0 31 43 13 0 0 0 0 0 0 Concessional 0 25 44 13 0 0 0 0 0 0 Bilateral 4 49 0 0 0 0 0 0 0 0 Concessional 4 47 0 0 0 0 0 0 0 0 Privare creditors -1 27 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks -l 0 0 0 0 0 0 0 0 0 Other private 0 27 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 10 32 1 0 0 0 0 0 0 490 SOMIALIA (US$ million, unless otlherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0 2 4 0 0 0 0 0 3 0 Public and publicly guaranteed 0 2 4 0 0 0 0 0 3 Ii Officialicreditors 0 2 4 0 0 0 0 11 3 0 Multilateral 0 1 4 0 0 0 0 0 3 0 Concessional 0 1 4 0 0 0 0 0 0 0 Bilateral 0 1 0 0 0 0 0 0 0 0 Concessional 0 1 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 3 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 3 104 39 12 0 0 0 0 -3 0 Public and publicly guaranteed 3 104 39 12 0 0 0 0 -3 0 Official creditors 4 78 39 12 0 0 0 0 -3 0 Multilateral 0 31 39 12 0 0 0 0 -3 0 Concessional 0 25 40 12 0 0 0 0 0 0 Bilateral 4 47 0 0 0 0 0 0 0 0 Concessional 4 46 0 0 0 0 0 0 0 0 Private creditors -1 27 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks -1 0 0 0 0 0 0 0 0 0 Other private 0 27 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comomercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 09 29 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 1 9 7 0 0 0 0 0 3 0 Public and publicly guaranteed 1 9 7 0 0 0 0 0 3 0 Official creditors 0 9 7 0 0 0 0 0 3 0 Multilateral 0 6 7 0 0 0 0 0 3 0 Concessional 0 1 6 0 0 0 0 0 0 0 Bilateral 0 3 0 0 00 0 0 0 0 Concessional 0 3 0 0 0 0 0 0 0 0 Private creditors I 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Cornmercial banks I 0 0 0 0 0 0 0 0 0 Other pfivate 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Cornmercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 6 0 0 0 0 0 0 0 UNDISBURSED DEBT 67 565 497 456 437 437 452 314 230 219 Official creditors 67 494 497 456 437 437 452 314 230 219 Private creditors 0 70 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 70 546 t,557 1.577 1,540 1,546 1L576 1,596 1,557 1,503 Variable rate LDOD 0 0 20 20 20 2020 20 20 20 Public sector LDOD 77 568 1,926 1.945 1,898 1,897 1,935 1,961 1,918 1,853 Private sector LDOD 0 28 0 0 0 0 0 0 0 0 6. (A 1,RLN'CN COMPOS[TION OF LONE -I ERMI DEB I FPERCFT)T Deutsche mark 18.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc 0.0 0.0 4.7 4.6 4.5 4.2 4.5 4.8 4.6 4.2 Japanese yen 0.0 0.0 2.4 2.6 2.6 2.9 3.2 3.1 2.8 2.6 Pound sterling 0.0 0.4 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 Swiss franc 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 24.6 34.1 50.5 50.1 50.7 50,8 50.5 50.2 50.8 51.8 Multiple currency 47.9 16.7 7.2 7.1 7.1 7.0 7.2 7.4 7.2 7.2 Special drawing rights 0.0 0.0 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 All other currencies 9.1 48.8 33.7 34.3 33.7 33.6 33.1 33.0 33.1 32.8 491 SOMALIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 DEFBT REST14UCTI R1NC~S Total amnount rescheduled 0 1 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 000 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven ..0 0 0 0 0 0 0 0 Memo: initerest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 S. DIEBT S 101CK-F L.% RE(O U O\.AT [ION Total change in debt stocks .. 211 79 -3 54 116 62 -35 -82 Net flows on debt 58 13 0 0 0 0 0 -7 Net change in interest arrears 71 59 51 55 68 33 13 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction 0 0 0 0 0 0 0 0 Cross-currency valuation ... 38 2 -31 0 25 13 -19 -33 Residual ... 43 6 -23 -l 23 16 -29 -43 ..WERAGE TE RMNS OF \Ii" % C o NITMirirmEYN - ALL CREDITfORS Interest (%) 0.0 3.3 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 20.3 24.6 42.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 15.6 5.9 10.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (% 79.7 44.3 81.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors Interest (% 0.0 3.0 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 MatUrity (years) 20.3 26.1 42.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 15.6 6.2 10.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant clement (%) 79.7 47.0 81.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 0.0 7.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 6.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 9.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 22 188 72 0 0 0 0 0 0 0 Official creditors 22 174 72 0 0 0 0 0 0 0 Private creditors 0 14 0 0 0 0 0 0 0 0 If'. CONTRU( IUAL oBiL1(;.,VIiN.S O~N OU I-Is XNDJING LONG-TERM~ DIEBIF 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 39 38 37 34 31 29 29 28 28 29 Interest 14 13 12 1 1 10 9 9 8 8 7 Official creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 39 38 37 34 31 29 29 28 28 29 Interest 14 13 12 1 1 10 9 9 8 8 7 Bilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 23 22 20 17 14 14 14 13 13 13 Interest 9 8 8 7 6 6 5 5 4 4 Multilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 16 17 17 17 16 15 15 15 15 16 Interest 5 4 4 4 4 4 4 3 3 3 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Intesest 0 0 0 00 0 0 0 0 492 SOUTH AFRICA (US$ millioni, utnless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997_ TOTAL DEBT STOCKS (EDT) .. . . . . . 21,671 25,358 26,050 25,222 Long-ter-m debt (LDOD) ...- -.. 13,035 14,772 14,335 13,879 Public and publicly guaranteed ... .. . 7,789 9,837 10.348 11,246 Private nonguaranteed ......... 5,246 4,935 3,987 2,633 Use of IMF credit 0 0 0 0 0 844 897 913 884 415 Short-term debt -.... -- 7,739 9,673 10,832 10,928 of which initerest arrears on LDOD ... .. .0 0 0 0 Official creditors ... .. .0 0 0 0 Private creditors ......-..0 0 0 0 Memo: principal arrears on LDOD .........0 0 0 0 Official creditors ......0 0 0 0 Private creditors ... .* .0 0 0 0 Memo: export credits ......... 5,086 3,925 3,383 3,590 TOTAL DEBT FLOWIS Disbursements -.-.. -.. 3,518 3,549 2,291 3,472 Long-term debt ... .. . 3,518 3,549 2,291 3,472 IMF purchases 0 0 0 0 0 858 0 0 0 0 Principal repayments .. .- --- 1,995 2,070 2,770 3,403 Long-term debt ......... 1,995 2,070 2.770 2,980 IMF repurchases 0 0 0 0 0 0 0 0 0 423 Net flows on debt .......- 9,263 3,412 681 165 of which short-term debt ......... 7.739 1,934 1,159 96 Interest payments (INT) -...- -- 907 1,320 1,467 1,371 Long-term debt ......... 617 855 923 782 IMFEcharges 0 0 0 0 0 0 38 50 40 34 Short-term debt ......... 251 415 504 555 Net transfers on debt ..... -- 8,356 2,092 -786 -1,206 Total debt service paid (TDS) . -.- .. 2,902 3,391 4,236 4,774 Long-term debt ......... 2,612 2,926 3,692 3,763 IMF repurchases and charges 0 0 0 0 0 0 38 50 40 456 Short-term debt (interest only) ......... 251 415 504 555 2. AGGUREGATE NET RES(I RU'E FLO-%%, .%ND NET TR,%NSFERS, 'LONG.TF!RNIi NET RESOURCE FLOWS --.-- .- 2,222 7,198 2,183 3,807 Net flow of long-term debt (ex. IMF)......... 1,524 1,478 -478 492 Foreign direct investment (net)......... 334 993 758 1,725 Portfolio equity flows......... 219 4,571 1,759 1,393 Grants (excluding technical coop.)......... 146 156 144 198 Memo: tecbnical coop. grants......... 149 214 210 247 official net resource flowvs......... 146 156 144 198 private net resource flows ........ 2,076 7.043 2,039 3,610 NET TRANSFERS-.-... . -1,396 3,743 -1,140 1,025 Interest on tong-term debt......... 617 855 923 782 Profit remittances on FDI ........ 3,000 2,600 2,400 2,000 Memo: official net transfers . .. .. 146 156 144 198 private net transfers . .. .. -1,541 3,587 -1,284 828 3. Nl %JOR ECO-N'OMi1 AGRGTES Gross national product (GNP)......... 118,850 130,590 122,970 125,810 Exports of goods & services (XGS)......... 30,010 34,725 35,827 37,192 of which workers remittances .. .. 0 0 0 0 Imports of goods & services (MGS) ........ 30,380 37,497 37,438 38,980 International reserves (RES) ........ 3,295 4,464 2,341 5,957 Current account balance......... -319 -2.756 -1,715 -1,931 4. DEBTf iNDi)c TORtS EDT/ XGS ()......... 72.2 73.0 72.7 67.8 EDT /GNP ()......... 18.2 19.4 21.2 20.0 TDS/XGS(% ......... 9.7 9.8 11.8 12.8 TNT/XGS (1). .. .. . 3.0 3.8 4.1 3.7 INT /GNP %)......... 0.8 1.0 1.2 1.1 RES KEDT %)......... 15.2 17.6 9.0 23.6 RES/MGS (months)......... 1.3 1-4 04 1.8 Short-term!/ EDT (%)......... 35.7 38.1 41.6 43.3 Concessional K EDT %)......... 0.0 0.0 0.0 0.0 Multilateral!/ EDT (9Ž)......... 0.0 0.0 0.0 0.0 493 SOUTH4 AFRICA (US$ mill ion, unless otherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 5. L-ON(.-TE RMi)IElIr DEBT OUTSTANDING (LDOD) 13,035 14,772 14,335 13,879 Public and publicly guaranteed 7,789 9,837 10,348 11,246 Official creditors .,0 0 0 0 Multilateral 0 0 0 0 Concessional 0 0 0 0 Bilateral 0 0 0 0 Concessional . .0 0 0 0 Private creditors 7,789 9,837 10,348 11,246 Bonds ..2,062 2,454 2,749 3,205 Commercial banks 3,867 3,978 3,563 3,482 Other private 1,860 3,405 4,036 4,559 Private nonguaranteed 5,246 4,935 3,987 2,633 Bonds 0 350 350 395 Commercial banks ..5,246 4,585 3,637 2,238 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 3,518 3,549 2,291 3,472 Public and pubiicly guaranteed 3,068 3,199 2,152 2,503 Official creditors 0 0 0 0 Multilateral 0 0 0 0 Concessional 0 0 0 0 Bilateral 0 0 0 0 Concessional 0 0 0 0 Private creditors 3,068 3,199 2,152 2,503 Bonds 1.510 391 632 831 Commercial banks 941 830 419 672 Other private 617 1,978 1,101 1.000 Private nonguaranteed 450 350 139 969 Bonds 0 350 0 45 Commercial banks 450 0 139 924 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 1,995 2,070 2,770 2,980 Public and publicly guaranteed 1,145 1,168 1.568 1,480 Official creditors 0 0 0 0 Multilateral 0 0 0 0 Concessional 0 0 0 0 Bilateral 0 0 0 0 Concessional 0 0 0 0 Private creditor 1,145 1,168 1,568 1,480 Bonds 7 10 .266 253 Commercial banks 787 719 834 752 Other private 351 439 467 475 Private nonguaranteed 850 902 1,202 1,500 Bonds 0 0 0 0 Commercial baniks 850 902 1.202 1,500 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 1,524 1,478 -478 492 Public and publicly guaranteed 1,924 2,030 585 1,023 Official creditors 0 0 0 0 Multilateral ..0 0 0 0 Concessional 0 0 0 0 Bilateral 0 0 0 0 Concessional 0 0 0 0 Private creditors 1,924 2,030 585 1,023 Bonds 1,503 381 367 578 Commercial banks 154 III -415 -80 Other private 266 1.539 634 525 Private nonguaranteed -400 -552 -1,063 -531 Bonds 0 350 0 45 Commercial banks --400 -902 -1,063 -576 Memo: IBRD 0 0 0 0 0 0 0 00 0 IDA 0 0 0 0 0 0 0 0 0 0 494 SOUTH AFRICA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LNT) 617 855 923 782 Public and publicly guaranteed 339 597 667 669 Official creditors ... .. .0 0 0 0 Multilateral ... .0 0 0 0 Concessional . ....0 0 0 0 Bilateral ... .0 0 0 0 Concessional .... 0 0 0 0 Private creditors ...... 339 597 667 669 Bonds . 56 188 194 207 Commercial banks . .166 245 220 228 Other private ..118 164 254 234 Private nonguaranteed 278 258 256 113 Bonds ..0 0 25 25 Commercial banks .. 278 258 231 88 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 906 623 -1,401 -290 Public and publicly guaranteed 1,584 1,433 -83 354 Official creditors 0 0 0 0 Multilateral ... .0 0 0 0 Concessional ..0 0 0 0 Bilateral . 0 0 0 Concessional ..0 0 0 0 Private creditors ..1,584 1,433 -83 354 Bonds ... 1,448 193 173 371 Commercial banks ..-12 -135 -635 -309 Other private .. 149 1.375 380 291 Private nouguaranteed -678 -810 -1,319 -644 Bonds .. 0 350 -25 20 Commercial banks ...-678 -1,160 -1,294 -664 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 2,612 2,926 3,692 3,763 Public and publicly guaranteed . - --- 1,484 1,766 2,235 2,150 Official creditors . .0 0 0 0 Multilateral ..0 0 0 0 Concessional .. 00 0 0 Bilate-ral ..0 0 0 0 Concessional ..0 0 0 0 Private creditors .. 1,484 1,766 2,235 2,150 Bonds 63 198 460 460 Commercial banks ..953 965 1,054 981 Other private 469 603 721 709 Private nonguaranteed - 1,128 1,160 1,458 1,613 Bonds ..0 0 25 25 Commercial banks ..1,128 1,160 1,433 1,588 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT -- . .0 26 226 1,750 Official creditors .........0 0 0 0 Private creditors .. ......0 26 226 1,750 Memorandum items Concessional LDOD .........0 0 0 0 Variable rate LDOD ......... 9,113 8,913 7,550 6,004 Public sector LDOD ......... 7,789 9,837 10,348 11,246 Private sector LDOD . ....... 5,246 4,935 3,987 2,633 6. CU'RRENCI'C OMrPOSI-l ION (ii I.0NG- I ERM DEBTI iPERUEN-ri Deutsche mark ........ 3.3 2.8 3.1 2.5 French franc ......... 0.0 0.0 0.0 0.0 Japanese yen ......... 0.0 3.0 2.5 4.8 Pound sterling ......... 0.0 0.0 0.0 0.0 Swiss franc .... .. .0.0 0.0 0.0 0.0 U.S.dollars ......... 92.2 90.6 91.3 92.6 Multiple currency ......... 0.0 0.0 0.0 0.0 Special drawing rights .. ...... 0.0 0.0 0 0 0.0 All other currencies ......... 4.5 3.6 3.0 0.1 495 SOUTH AFRICA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. D)BH! REST-RL (I'['RINGS Total amount rescheduled ...0 0 0 0 Debt stock rescheduled ...0 0 0 0 Principal rescheduled ... .. .0 0 0 0 Official .........0 0 0 0 Private ...0 0 0 0 Interest rescheduled .........0 0 0 0 Official .........0 0 0 0 Private . .......0 0 0 0 Debt forgiven .........0 0 0 0 Memo: interest forgiven .........0 0 0 0 Debt stock reduction .... .. .0 0 0 0 of which debt buyback . .......0 0 0 0 S1. DIEB l lOC l-FL.O%' RECONCIL I V1ION Total change in debt stocks ... .. .. . 3,687 692 -828 Net flows on debt ... .. .. . 3,412 681 165 Net change in interest arrears ... .. .. .0 0 0 Interest capitalized ... .. .. .0 0 0 Debt forgiveness or reduction ... .. .. .0 0 0 Cr-oss-cujrrency valuationD.. .... .. 58 -97 -119 Residual ... .. .. . 216 108 -874 9I. NN ER %(;F TERMIS OF NL~% tOMN1~IHNEN I ALL CREDITORS Interest (%M.. .. .. 6.2 5.4 5.9 6.0 Maturity (years) ..... .. 7.8 14.1 12.2 8.7 Grace period (years) ......... 3.1 1.8 3.3 3.8 Grant element (%) ........ 14.4 21.1 18.5 12.7 Official creditors Interest (%) ......... 0.0 0.0 0.0 0.0 Maturity (years) ......... 0.0 0.0 0.0 0.0 Grace period (years) . ....... 0.0 0.0 0.0 0.0 Grant element (%) ......... 0.0 0.0 0.0 0. Private creditors Interest (%) ......... 6.2 5.4 5.9 6.0 Maturity (years) ......... 7.8 14.1 12.2 8.7 Grace period (years) ......... 3.1 1.8 3.3 3.8 Grant element (%) ......... 14.4 21.1 18.5 12.7 Memorandum items Commitments ......... 3,068 3,225 2,352 4.027 Official creditors .... ....0 0 0 0 Private creditors ......... 3,068 3,225 2,352 4.027 II,.(ONR ~ ~UL OLI(.~1ON~ON O[i rS1`A1NU\G LI IG-TELRNi DLBr 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 894 614 242 0 0 0 0 0 0 0 Principal 2,850 4,306 2,407 1,634 671 532 561 249 549 249 Interest 830 736 487 385 320 236 191 176 161 121 Official creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Bilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Initerest 0 0 0 0 0 0 0 0 0 0 Multilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Private creditors Disbursements 894 614 242 0 0 0 0 0 0 0 Principal 2.850 4,306 2,407 1,634 671 532 561 249 549 249 Interest 830 736 487 385 320 236 191 176 161 121 Commercial banks Disbursements 894 614 242 0 0 0 0 0 0 0 Principal 1,605 1,615 1,192 794 18 4 4 0 0 0 Interest 228 181 106 40 1 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1,244 2.691 1,216 840 653 528 557 249 549 249 Interest 602 555 381 346 319 236 191 176 161 121 496 SRI LANKA (US$ mnillion, unless ortherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. 1 '%fNl-xRl ) DBT'- DI'A TOTAL DEBT STOCKS (EDT) 1,841 5,863 6,580 6,457 6,854 7,888 8,231 8,003 7,638 Long-term debt (LDOD) 317 1,231 5,049 5,769 5,742 6,071 6 '732 7,101 6,906 6,725 Public and publicly guaranteed 317 1,227 4.947 5,671 5,643 5,982 6,650 7,011 6,818 6,641 Private nonguaranteed 0 3 102 99 99 90 83 90 88 84 Use of IMF credit 79 391 410 401 464 516 617 595 531 433 Short-term debt 220 405 410 250 266 538 535 566 480 of which interest arrears on LDOD 0 1 1 15 19 25 32 35 123 118 Official creditors 0 0 0 0 0 0 0 20 22 Private creditors 0 11 15 19 25 32 35 103 96 Memo: principal arrears on LDOD 0 0 0 4 8 11 42 169 190 Official creditors 0 0 0 0 0 2 3 37 40 Private creditors 0 0 0 4 8 9 39 132 149 Memo: export Credits 566 507 470 550 755 905 754 672 TOTAL DEBT FLOWS Disbursements 75 344 545 839 539 504 551 557 463 553 Long-term debt 66 272 485 763 381 426 471 557 463 553 IMF purchases 10 72 61 77 158 78 80 0 0 0 Principal repayments 57 94 214 252 329 253 247 259 261 280 Long-term debt 30 51 167 165 252 228 234 225 216 214 IMF repurchases 27 43 47 88 77 25 13 34 45 66 Net flows on debt 19 250 331 587 47 261 569 293 145 191 of which short-term debt ..0 0 -164 11 265 -6 -57 -82 Interest payments (INT) 85 170 166 154 142 147 161 161 147 Long-term debt 12 33 122 128 134 130 128 133 132 121 IMF charges 0 17 21 16 8 3 3 3 3 2 Short-term debt .. 36 27 22 13 9 17 24 26 24 Net transfers on debt 164 161 421 -107 119 422 132 -16 44 Total debt service paid (TDS) 179 384 418 482 395 395 419 422 428 Long-term debt 42 84 289 293 386 358 362 358 348 335 IMF repurchases and charges 27 59 69 104 84 28 16 37 48 69 Short-term debt (interest only) .. 36 27 22 13 9 17 24 26 24 2. ACGGREGATF ~ET RESOU'RCE FLO%% S AND XE~ T'rRANSFERS iLONG-TrERM, NET RESOURCE FLOWS St 425 582 819 394 590 675 624 584 984 Net flow of long-term debt (ex. IMF) 36 221 318 598 129 198 237 333 247 338 Foreign direct investment (net) 0 43 43 48 123 195 166 56 120 430 Portfolio equity flows 0 0 0 0 0 0 112 61 70 98 Grants (excluding technical coop.) 15 161 221 173 142 197 160 174 147 118 Memo: technical coop. grants 7 57 105 132 131 115 98 115 98 100 official net resource flows 55 296 529 735 305 468 448 491 454 410 private net resource flows -4 129 54 84 89 122 227 133 129 575 NET TRANSFERS 31 377 435 671 227 427 507 457 412 820 Interest on long-term debt 1 2 -33 122 129 134 1 30 128 13-3 1-37 121 Profit remittances on FDI 8 15 25 20 33 33 40 34 40 44 Memo: official net transfers 47 271 452 650 211 368 345 382 343 308 private net transfers -16 107 -17 22 16 59 162 76 69 512 3. RIMAJOR E( ONOMIC A(A( REG XTES Gross national pToduct (GNP) 2,241 4,006 7,966 8,816 9,533 10,219 11,554 12,881 13,702 15,035 Exports of goods & services (XGS) .. 1.492 2,787 3,047 3,539 4, 164 4.821 5,630 5.868 6,655 of which workers remittances ,. 152 401 442 548 632 715 790 832 922 Imports of goods & services (MGS) .. 2,269 3,225 3,803 4,086 4,636 5,658 6,342 6,478 6,953 International reserves (RES) .. 283 447 724 980 1,654 2,070 2,112 1,985 2.042 Current account balance .. -655 -298 -595 -451 -382 -757 -770 -683 -388 4I. D)EBT INDIC ATORS EDT! XGS (% . 123.4 210.4 216.0 182.5 164.6 163.6 146.2 136.4 114.8 EDT /GNP (% . 46.0 73.6 74.6 67.7 67.1 68.3 63.9 58.4 50.8 TDS! XGS (% . 12.0 13.8 13.7 13.6 9.5 8.2 7.4 7.2 6.4 INT/XGS (% . 5.7 6.1 5.4 4.3 3.4 3.1 2.9 2.7 2.2 INT /GNP (% . 2.1 2.1 1.9 1.6 1.4 1.3 1.2 1.2 1.0 RES IEDT(% . 15.3 7.6 11.0 15.2 24.1 26.2 25.7 24.8 26.7 RES / MGS (months) .. 1.5 1.7 2.3 2.9 4.3 4.4 4.0 3.7 3.5 Short-term /EDT (%) .. 11.9 6.9 6.2 3.9 3.9 6.8 6.5 7.1 6.3 Concessional /1 EDT (% . 56.0 71.9 73.8 76.5 78.1 76.6 77.5 78.4 79.5 Multilateral / EDT (%) .. 11.7 27.7 30.1 32.5 34.5 33.7 34.7 36.8 37.7 497 SRI LANKA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LON-F-,i,FRNI DEBI' DEBT OUTSTANDING (LDOD) 317 1,231 5,049 5,769 5,742 6,071 6,732 7,101 6,906 6,725 Public and publicly guaranteed 317 1,227 4,947 5,671 5,643 5,982 6,650 7,011 6,818 6,641 Official creditors 253 1,087 4,349 5,030 5,061 5,460 6,148 6,485 6,368 6,165 Multilateral 29 216 1,623 1,983 2,100 2,363 2,656 2,858 2,942 2,878 Concessional 1 177 1,536 1,903 2,031 2,302 2,600 2,806 2,899 2,845 Bilateral 224 872 2,726 3,047 2,960 3,098 3,492 3,627 3,426 3,287 Concessional 186 854 2,681 2,952 2,908 3,048 3,441 3,577 3,376 3,224 Private creditors 64 140 598 641 582 521 501 526 450 476 Bonds 12 0 0 0 0 0 0 0 0 50 COMMercial banks 3 57 253 294 272 244 261 306 266 266 Other private 49 83 345 347 310 277 240 220 184 160 Private nonguaranteed 0 3 102 99 99 90 83 90 88 84 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 3 102 99 99 90 83 90 88 84 Memo: IBRD 26 31 82 75 65 58 54 49 40 31 IDA 1 98 864 1,058 1.095 1.222 1,339 1,463 1,516 1,514 DISBURSEMENTS 66 272 485 763 381 426 471 557 463 553 Public and publicly guaranteed 66 269 485 763 381 426 471 557 463 553 Official creditors 55 174 396 662 309 396 420 462 450 450 Multilateral 4 32 234 341 209 258 172 197 258 176 Concessional 1 31 233 341 209 258 172 197 258 176 Bilateral 52 142 162 322 100 137 248 265 192 274 Concessionial 40 141 162 273 100 137 246 262 190 257 Private creditors 11 96 89 101 72 30 51 95 12 103 Bonds 0 0 0 0 0 0 0 0 0 50 Commercial banks 0 57 54 69 48 16 51 84 9 52 Other private 11 39 35 32 24 15 0 11 3 1 Private nonguarauteed 0 2 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 0 0 0 0 0 0 0 0 Memo: IBRD 1 0 1 0 0 0 0 0 0 0 IDA 1 20 127 187 74 130 78 106 104 78 PRINCIPAL REPAYMENTS 30 51 167 165 252 228 234 225 216 214 Public and publicly guaranteed 30 51 165 161 249 224 232 223 212 207 Official creditors 16 39 89 100 147 125 131 145 143 158 Multilateral 2 5 21 22 25 27 26 26 29 37 Concessional 0 2 13 14 17 18 18 19 22 31 Bilateral 14 34 68 78 121 97 105 120 114 121 Concessional 6 28 64 75 85 92 101 115 113 121 Private creditors 14 12 76 61 102 99 100 77 70 49 Bonds 3 0 0 0 0 0 0 0 0 0 Commercial banks 1 0 29 25 48 40 41 45 49 42 Other private 10 12 47 36 54 59 60 32 21 8 Private nonguaranteed 0 0 2 3 3 4 3 2 3 7 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 2 3 3 4 3 2 3 7 Memo: IBRD 2 2 7 8 8 9 8 7 6 6 IDA 0 0 3 5 6 6 7 8 9 11 NET FLOWS ON DEBT 36 221 318 598 129 198 237 333 247 338 Public and publicly guaranteed 36 219 320 602 132 202 239 335 250 346 Official creditors 40 135 307 562 163 271 288 317 308 292 Multilateral 2 27 214 318 184 231 146 171 229 140 Concessional 1 30 220 326 192 240 154 178 236 146 Bilateral 38 108 94 244 -21 40 142 146 78 152 Conce,ssional 34 113 98 198 15 45 145 146 77 136 Private creditors -4 84 13 39 -30 -69 -49 18 -57 54 Bonds -3 0 0 0 0 0 0 0 0 50 Commercial banks -1 57 24 43 0 -25 10 39 -39 11 Other private 1 27 -12 -4 -31 -44 -59 -21 -18 -7 Private nonguaranteed 0 2 -2 -3 -3 -4 -3 -2 -3 -7 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 -2 -3 -3 -4 -3 -2 -3 -7 Memo: IBRD -1 -2 -6 -8 -8 -9 -8 -7 -6 -6 IDA 1 20 124 182 68 123 71 98 95 68 498 SRI LANKA (US$ million, iinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 12 33 122 128 134 130 128 133 132 121 Public and publicly guaranteed 12 33 120 126 132 129 127 132 131 117 Official creditors 8 25 77 86 94 100 104 109 112 102 Multilateral 3 5 19 2 1 23 25 26 29 28 28 Concessional 0 2 1 1 14 17 19 21 24 24 25 Bilateral 6 20 58 65 71 75 77 81 83 75 Concessional 3 19 55 62 67 71 77 8 1 83 74 Private creditors 4 8 43 41 38 29 23 23 19 15 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 16 20 20 15 14 18 17 13 Other private 3 8 27 21 18 1 4 10 5 3 2 Private nonguaranteed 0 0 2 2 2 1 1 1 1 3 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 2 2 2 1 1 1 1 3 Memo: IBRD 3 3 8 7 7 6 5 5 4 3 IDA 0 1 6 7 8 9 10 11 11 11 NET TRANSFERS ON DEBT 24 188 196 470 -5 68 109 199 115 218 Public and publicly guaranteed 24 186 200 475 0 73 113 202 120 228 Official creditors 32 110 230 477 69 171 185 207 196 190 Multilateral -1 22 195 297 161 206 120 143 201 112 Concessional 1 28 209 313 176 222 133 154 211 121 Bilateral 33 87 35 179 -92 -35 65 65 -5 78 Concessional 31 94 43 136 -53 -26 69 66 -6 62 Private creditorS -8 76 -30 -1 -69 -98 -72 -5 -77 39 Bonds -4 0 0 0 0 0 0 0 0 50 Commercial banks -1 57 8 24 -20 -40 -4 21 -56 -2 Other private -2 19 -38 -25 -49 -58 -69 -26 -21 -9 Private nonguaranteed 0 2 -4 -6 -5 -5 -4 -3 -5 -10 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 -4 -6 -5 -5 -4 -3 -5 -10 Memo: fBRD -3 -5 -13 -15 -15 -15 -13 -12 -11 -9 IDA 1 19 118 176 60 115 61 88 84 57 DEBT SERVICE (LTDS) 42 84 289 293 386 358 362 358 348 335 Public and publicly guaranteed 42 84 285 287 381 353 358 355 343 324 Official rcrditors 24 64 166 186 241 224 235 255 254 260 Multilateral 4 10 39 43 49 52 52 54 57 64 Concessional 0 3 24 28 33 37 39 43 47 55 Bilateral 1 9 54 126 142 192 172 183 201 197 196 Concessional 9 47 119 137 153 163 178 196 196 195 Private creditors 18 20 119 102 140 128 124 100 89 64 Bonds 4 0 0 0 0 0 0 0 0 0 Commercial banks 1 0 46 45 68 55 55 63 65 55 Other private 13 20 74 57 72 73 69 37 24 10 Private nonguaranteed 0 0 4 6 5 5 4 3 5 10 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 4 6 5 5 4 3 5 10 Memo: IBRD 4 5 14 15 15 15 13 12 1 1 9 IDA 0 1 8 11 14 15 16 19 20 22 UNDISBURSED DEBT 215 1,147 2,170 2,316 2,333 2,513 2,781 2,509 2,809 2,581 Official creditors 196 899 2,070 2,216 2,256 2,429 2.651 2,475 2,778 2,557 Private creditors 19 248 99 99 77 84 130 35 31 24 Memorandum items Concessional LDOD 187 1,031 4,217 4,856 4,939 5,350 6,041 6,383 6,276 6,069 Variable rate LDOD 0 85 256 314 323 311 297 309 260 277 Public sector LDOD 311 1,219 4,854 5,571 5,543 5,871 6,526 6.891 6,711 6,545 Private sector LDOD 5 11 194 198 199 201 206 210 194 180 6.1 CURREALN(comVposIT-ION OF l.ONGi-IERNM DEB - PF.RCENi') Deutsche mark 13.8 11.2 12.0 10.3 9.5 8,1 8.0 8.0 7.4 6.5 French franc 3.6 2.7 3.2 2.7 2.7 2. 3 2.2 2.2 2.0 1.7 Japanese yen 6.4 15.0 22.7 25.1 25.4 27.5 29.8 29.2 27.8 26.7 Pound sterling 28.8 2.3 3.2 3.1 2.2 1.7 1.3 1.4 4.5 IA4 Swiss franc 0.3 2.4 0.9 0.8 0.6 0.5 0.5 0.5 0.4 0.4 U.S.dollars 19.7 37.0 36.2 36.2 36.9 36,5 34.5 34.9 36.1 39.1 Multiple currency 14.3 8.5 13.9 15.1 16.6 18.0 18.8 19.0 20.0 19.7 Special drawing rights 0.0 0.0 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.6 All other currencies 13.2 21.0 7.5 6.2 5.5 4.8 4.4 4.3 4.2 4.0 499 SRI LANKA (US$ million, unless otherw,ise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT 'RE'I'RLC1URIRNG;S Total amount rescheduled 0 0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 7 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 S. DElBT SJOCK-Fl. OW RE( (ONCLIATION Total change in debt stocks 682 716 -123 397 1,034 343 -229 -365 Net flows on debt ... 331 587 47 261 569 293 145 191 Net change in interest arrears ...4 5 4 6 7 3 88 -5 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveniess or reducrion ...0 0 a 0 0 -7 0 0 Cross-currency valuation ... 243 86 -93 135 339 16 -277 -297 Residual ... 104 39 -81 -5 119 38 -184 -254 9..AW%FR.AG-E IER!IS OF NEW~ ONIIITIF.VI'S ALL CREDITORS Interest (%) 3.0 3.9 1.8 2.4 2.5 2.4 2.8 2.4 3.2 3.0 Maturity (years) 27.1 30.5 34.7 30.7 29.9 30.6 27.1 32.9 28.1 26.5 Grace period (years) 4.9 7.7 9.5 8.3 9.0 8.9 8.4 9.9 8.4 7.9 Grant element (%) 47.9 50.4 69.3 60.9 60.3 60.8 55.1 62.6 53.6 54.6 Ofricial creditors Interest (% 2.9 1.3 1.4 1.8 2.1 1.9 2.3 2.4 3.1 1.9 Maturity (years) 27.9 40.9 36.2 34.6 31.9 33.1 30.6 32.9 28.3 30.6 Grace period (years) 5.1 9.9 10.0 9.4 9.8 9.6 9.5 9.9 8.4 9.1 Grant element (% 49.2 75.1 73.0 68.8 65.1 67.0 62.1 62.6 53.8 64.8 Private creditors Interest (%) 5.9 8.7 8.5 6.6 5.6 6.9 5.6 0.0 3.6 8.1 Maturity (years) 7.4 11.9 8.5 4.9 13.5 8.7 8.2 0.0 10.8 6.5 Grace period (years) 1.4 3.8 0.8 1.4 2.1 2.3 2.6 0.0 1.3 2.0 Grant element (%) 12.6 5.8 4.3 7.7 21.2 7.2 17.4 0.0 27.6 5.4 Memorandum items Commitments 81 752 837 913 489 623 585 404 1,~042 581 Official creditors 78 484 791 794 435 558 494 404 1,033 482 Private creditors 3 268 46 119 54 64 91 0 8 99 It'. CONTR.NC L AL OB.IG.ATIONS ON.% OUISTANDING L.ONG-TERMI DEBI' 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAIL Disbursements 584 640 485 363 252 156 94 6 1 0 Principal 266 255 298 283 308 315 325 338 348 357 Interest 135 137 134 141 145 140 132 127 123 113 Official creditors Disbursements 569 635 483 362 252 156 94 6 1 0 Principal 191 199 212 249 281 288 302 314 326 340 Interest 109 115 120 129 135 131 126 122 119 ill Bilateral creditors Disbursements 365 432 339 260 187 124 76 4 1 0 Principal 151 156 163 188 212 217 227 236 239 247 Interest 80 85 88 97 104 100 95 91 86 79 Multilateral creditors Disbursements 204 203 144 102 65 31 17 2 0 0 Principal 41 43 49 62 69 71 75 79 87 93 Interest 29 30 31 32 31 31 30 31 33 32 Private creditors Disbursements 15 5 3 1 0 0 0 0 0 0 Principal 75 55 86 34 27 27 24 24 22 17 Interest 26 22 15 13 10 9 7 5 4 3 Commercial banks Disbursements 8 2 1 0 0 0 0 0 0 0 Principal 42 28 27 24 17 17 16 16 15 10 Interest 16 14 12 10 8 7 5 4 3 2 Other private Disbursemnents 7 4 2 1 0 0 0 0 0 0 Principal 33 27 60 10 10 10 8 7 7 7 Interest 10 8 3 3 2 2 2 1 1 1 500 ST. KITTS AND NEVIS (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. iSUM %LkRY DEBT ) ATA TOTAL DEBT STOCKS (EDT) .. .. 45.2 49.8 51.4 53.7 58.1 56.3 58.3 62.0 Long-term debt (LDOD) .. .. 44.2 48.6 47.4 49.7 55.1 53.6 56.3 59.9 Public and publicly guaranteed .. .. 44.2 48.6 47.4 49.7 55.1 53.6 56.3 59.9 Private nonguaranteed .. .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. .. 1.0 1.1 4.0 4.0 3.0 2.7 2.0 2.1 of which interest arrears on LDOD .. .. 0.0 0.0 0.9 0.9 1.0 1.2 0.2 0.1 Official creditors .. .. 0.0 0.0 0.9 0.8 1.0 1.2 0.2 0.1 Private creditors .. .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. .. 0.0 0.0 0.3 0.3 0.7 0.7 0.3 0.4 Official creditors .. .. 0.0 0.0 0.3 0.3 0.6 0.3 0.2 0.0 Private creditors .. .. 0.0 0.0 0.0 0.0 0.1 0.4 0.1 0.4 Memo: export credits .. .. 30.0 39.0 26.0 23.0 26.0 29.0 32.0 54.0 TOTAL DEBT FLOWS Disbursements .. .. 7.3 6.8 3.7 6.5 8.2 5.4 6.7 6.9 Long-term debt .. .. 7.3 6.8 3.7 6.5 8.2 5.4 6.7 6.9 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments .. .. 1.5 2.1 2.5 3.4 3.7 4.9 4.0 4.0 Long-term debt .. .. 1.5 2.1 2.5 3.4 3.7 4.9 4.0 4.0 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt .. .. 6.8 4.8 3.2 3.1 3.4 -0.1 3.0 3.2 of which short-term debt .. .. 1.0 0.1 2.0 0.0 -1.1 -0.6 0.3 0.2 Interest payments (INT) .. .. 1.5 1.4 1.2 1.5 1.9 2.0 2.0 2.0 Long-term debt .. .. 1.4 1.3 1.0 1.3 1.7 1.9 1.9 1.9 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. .. 0.1 0.1 0.2 0.2 0.1 0.1 0.1 0.1 Net transfers on debt .. .. 5.3 3.4 2.0 1.6 1.6 -2.1 1.0 1.2 Total debt service paid (TDS) .. .. 3.0 3.5 3.7 4.9 5.6 6.9 6.0 5.9 Long-term debt .. .. 2.9 3.4 3.5 4.7 5.4 6.8 5.9 5.9 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. .. 0.1 0.1 0.2 0.2 0.1 0.1 0.1 0.1 2. AGGREG-ATE NEF RESolURCF FLOW%A .AN-D NET TRANSFERS ILONG CTERNl NET RESOURCE FLOWS .. .. 56.8 27.7 15.2 17.3 19.9 21.3 21.3 27.7 Net flow of long-term debt (ex. IMF) .. .. 5.8 4.7 1.2 3.1 4.5 0.5 2.7 3.0 Foreign direct investment (net) .. .. 49.0 21.0 13.0 14.0 15.0 20.0 17.0 25.0 Portfolio equity flows .. .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) .. .. 2.0 2.0 1.0 0.2 0.4 0.8 1.6 -0.3 Memo: technical coop. grants .. .. 2.3 2.0 2.0 6.3 4.0 2.3 2.4 2.4 official net resource flows .. .. 8.2 5.4 1.8 3.0 2.7 2.3 5.8 3.7 private net resource flows .. .. 48.6 22.3 13.4 14.2 17.3 19.0 15.5 24.0 NET TRANSFERS .. .. 50.4 19.4 3.6 7.4 9.2 10.9 9.4 14.8 Interest on long-term debt .. .. 1.4 1.3 1.0 1.3 1.7 1.9 1.9 1.9 Profit remittances on FDI .. .. 5.0 7.0 10.5 8.5 9.0 8.5 10.0 11.0 Memo: official net transfers .. .. 6.8 4.2 0.9 1.8 1.2 0.8 4.2 2.0 private net transfers .. .. 43.6 15.2 2.8 5.6 8.1 10.1 5.2 12.8 3.. XlA%JOR ECONONIIC .GGREGA.TES Gross national product (GNP) .. .. 151.9 157.6 173.3 188.3 210.0 219.6 232.2 255.1 Exports of goods & services (XGS) .. .. 102.9 113.0 127.9 131.4 137.9 134.0 138.0 153.0 of which workers remittances .. .. 17.2 13.4 13.3 13.6 14.1 14.0 14.0 14.0 Imports of goods & services (MGS) .. .. 140.1 142.3 138.4 155.8 159.7 188.0 203.0 201.0 International reserves (RES) .. .. .. .. .. .. .. Current account balance .. .. -47.0 -34.9 -15.8 -30.1 -26.4 4. DEBT INDICATORS EDT i XGS (%) .. .. 43.9 44.0 40.2 40.8 42.1 42.0 42.2 40.5 EDT / GNP (%) .. .. 29.8 31.6 29.7 28.5 27.7 25.6 25.1 24.3 TDS / XGS (%) .. .. 2.9 3.1 2.9 3.7 4.1 5.1 4.3 3.9 INT / XGS (%) .. .. 1.5 1.2 0.9 1.1 1.4 1.5 1.5 1.3 INT / GNP (%) .. .. 1.0 0.9 0.7 0.8 0.9 0.9 0.9 0.8 RES /EDT(%) .. .. .. .. .. .. .. .. RES / MGS (months) .. .. .. .. .. .. .. Short-term / EDT (%) .. .. 2.3 2.3 7.8 7.4 5.2 4.7 3.4 3.3 Concessional / EDT (%) .. .. 76.7 74.1 70.3 71.0 67.2 73.0 78.8 83.3 Multilateral / EDT (%) .. .. 44.2 42.8 42.0 46.8 46.2 52.1 54.9 57.7 501 ST. KIT[S AND NEVIS (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LO%N(.;-TII:RNI DEBT DEBT OUTSTANDING (LDOD) ... 44.2 48.6 47.4 49.7 55.1 53.6 56.3 59.9 Public and publicly guaranteed .. 44.2 48.6 47.4 49.7 55.1 53.6 56.3 59.9 Official creditors ... 41.4 44.6 43.2 45.3 48.4 48.2 52.3 56.9 Multilateral ... 20.0 21.3 21.6 25.1 26.9 29.3 32.0 35.8 Concessional ... 15.1 16.5 17.2 20.1 21.0 23.4 26.4 30.9 Bilateral . 21.5 23.3 2t.6 20.2 21.5 18.8 20.3 21.2 Concessional ... 19.5 20.4 18.9 18.0 18.0 17.7 19.5 20.7 Private creditors . . 2.7 4.0 4.2 4.4 6.7 5.5 4.0 3.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 2.7 4.0 4.2 4.4 6.7 5.5 4.0 3.0 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.2 0.2 0.8 1.1 1.0 0.9 IDA 0.0 0.0 0.0 0.0 0.6 1.4 1.6 1.6 1.6 1.5 DISBURSEMENTS . . 7.3 6.8 3.7 6.5 8.2 5.4 6.7 6.9 Public and publicly guaranteed . . 7.3 6.8 3.7 6.5 8.2 5.4 6.7 6.9 Official cr-editors ... 7.3 4.9 2.4 5.2 4.9 5.0 6.7 6.9 Multilateral ... 2.4 2.5 2.4 5.2 2.6 3.7 4.3 6.1 Concessional ... 2.3 2.1 2.1 4.0 1.7 3.4 4.2 6.0 Bilateral ... 4.9 2.4 0.0 0.0 2.3 1.3 2.4 0.9 Concessional ... 4.9 1.2 0.0 0.0 0.2 1.3 2.4 0.9 Private creditors ... 0.0 1.9 1.3 1.3 3.3 0.4 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 1.9 1.3 1.3 3.3 0.4 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial bankcs ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.2 0.0 0.6 0.3 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.6 0.9 0.1 0.0 0.0 0.0 PRINCIPAL REPAYMENTS . . 1.5 2.1 2.5 3.4 3.7 4.9 4.0 4.0 Public and publicly guaranteed . . 1.5 2.1 2.5 3.4 3.7 4.9 4.0 4.0 Official creditors ... 1.1 1.5 1.6 2.4 2.7 3.4 2.5 2.9 Multilateral ... 0.7 1.0 1.2 1.2 1.4 1.5 1.3 1.9 Concessional ... 0.6 0.8 0.9 0.9 1.1 1.0 1.1 1.3 Bilateral ... 0.3 0.4 0.4 1.2 1.2 1.9 1.2 1.1 Concessional ... 0.2 0.2 0.1 0.7 0.5 1.6 0.9 0.8 Private creditors ... 0.4 0.6 1.0 1.0 1.0 1.5 1.5 1.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.4 0.6 1.0 1.0 1.0 1.5 1.5 1.0 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT ... 5.8 4.7 1.2 3.1 4.5 0.5 2.7 3.0 Public and publicly guaranteed . . 5.8 4.7 1.2 3.1 4.5 0.5 2.7 3.0 Official creditors ... 6.2 3.4 0.8 2.8 2.3 1.5 4.2 4.0 Multilateral ... 1.7 1.4 1.2 4.0 1.2 2.2 3.0 4.2 Concessional ... 1.6 1.4 1.2 3.1 0.6 2.3 3.1 4.6 Bilateral . . 4.6 2.0 -0.4 -1.2 1.1 -0.7 1.2 -0.2 Concessional ... 4.7 0.9 -0. 1 -0.7 -0.3 -0.3 1.5 0.1 Private creditors ... -0.4 1.3 0.4 0.2 2.3 -1.0 -1.5 -1.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other privatec.. -0.4 1.3 0.4 0.2 2.3 -1.0 -1.5 -1.0 Private nonguaranteed . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.2 0.0 0.6 0.3 0.0 -0. 1 IDA 0.0 0.0 0.0 0.0 0.6 0.9 0.1 0.0 0.0 0.0 502 ST. KITTS AND NEVIS (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) ... 1.4 1.3 1.0 1.3 1.7 1.9 1.9 1.9 Public and publicly guaranteed ... 1.4 1.3 1.0 1.3 1.7 1.9 1.9 1.9 Official creditors ... 1.4 1.2 0.9 1.2 1.5 1.5 1.6 1.7 Multilateral ... 0.7 0.7 0.5 0.8 0.9 1.0 1.0 1.1 Concessional ... 0.5 0.5 0.4 0.6 0.7 0.7 0.8 0.8 Bilateral ... 0.7 0.5 0.4 0.5 0.6 0.5 0.6 0.6 Concessional ... 0.6 0.4 0.3 0.3 0.4 0.4 0.5 0.5 Private creditors ... 0.0 0.1 0.1 0.1 0.2 0.4 0.3 0.2 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.1 0.1 0.1 0.2 0.4 0.3 0.2 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT . . 4.4 3.4 0.1 1.7 2.8 -1.4 0.8 1.1 Public and publicly guaranteed . . 4.4 3.4 0.1 1.7 2.8 -1.4 0.8 1.1 Official creditors ... 4.8 2.2 -0.1 1.6 0.8 0.1 2.6 2.3 Multilateral ... 1.0 0.7 0.7 3.3 0.3 1.3 2.0 3.1 Concessional ... 1.1 0.8 0.8 2.6 0.0 1.7 2.3 3.8 Bilateral ... 3.8 1.5 -0.8 -1.7 0.5 -1.2 0.6 -0.8 Concessional ... 4.1 0.5 -0.4 -1.0 -0.7 -0.7 1.0 -0.5 Private creditors ... -0.5 1.2 0.3 0.1 2.0 -1.4 -1.8 -1.2 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... -0.5 1.2 0.3 0.1 2.0 -1.4 -1.8 -1.2 Private nonguaranteed . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.2 0.0 0.6 0.3 -0.1 -0.2 IDA 0.0 0.0 0.0 0.0 0.6 0.8 0.1 0.0 0.0 0.0 DEBT SERVICE (LTDS) . . 2.9 3.4 3.5 4.7 5.4 6.8 5.9 5.9 Public and publicly guaranteed . . 2.9 3.4 3.5 4.7 5.4 6.8 5.9 5.9 Official creditors ... 2.4 2.7 2.5 3.6 4.2 4.9 4.1 4.6 Multilateral ... 1.4 1.7 1.7 2.0 2.3 2.4 2.3 3.0 Concessional ... 1.1 1.3 1.3 1.4 1.7 1.7 1.9 2.2 Bilateral ... 1.0 1.0 0.8 1.7 1.8 2.4 1.8 1.7 Concessional ... 0.8 0.6 0.4 1.0 0.9 2.0 1.4 1.3 Private creditors ... 0.5 0.7 1.1 1.1 1.3 1.9 1.8 1.2 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.5 0.7 1.1 1.1 1.3 1.9 1.8 1.2 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UNDISBURSED DEBT . . 15.3 28.6 35.1 42.4 38.2 41.8 41.4 30.6 Official creditors ... 14.3 28.6 33.9 42.4 37.8 41.8 41.4 30.6 Private creditors ... 1.1 0.0 1.3 0.0 0.4 0.0 0.0 0.0 Memorandum items Concessional LDOD ... 34.7 36.9 36.1 38.1 39.0 41.1 45.9 51.6 Variable rate LDOD ... 0.0 0.7 0.9 0.8 1.3 1.5 1.4 1.2 Public sector LDOD ... 40.7 45.4 44.4 47.5 53.4 52.4 55.4 59.4 Private sector LDOD .. 3.4 3.2 3.0 2.2 1.7 1.3 0.9 0.5 6. (URRENCI COMPOSITION OF L.ONG-TER-N DEBT 1PERCE-NT1 Deutsche mark ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling ... 16.3 16.7 13.1 11.3 9.8 7.3 6.2 5.2 Swiss franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollais ... 37.8 39.9 43.7 46.5 51.6 51.3 50.6 53.4 Multiple currency ... 35.5 34.8 35.9 36.2 33.1 34.1 32.1 29.4 Special drawing rights ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ... 10.2 8.6 7.4 6.0 5.4 7.5 11.0 12.2 503 ST. KITTS AND NEVIS (US$ milliont, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBr RLSlI RL CitL RINGS~ Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S. DEBT SIO( K4 LO%% RI-(-ON( ILI-Al ION Total change in debt stocks ... 9.0 4.6 1.6 2.3 4.4 -1.8 2.0 3.7 Net flows on debt ... 7.0 4.8 3.2 3.1 3.4 -0.1 3.0 3.2 Net change in interest arrears ... 0.0 0.0 0.9 -0. 1 0.2 0.2 -1.0 -0.2 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 2.1 -0.3 -1.5 -0.3 0.6 0.2 0.1 -0.5 Residual ... 0.0 0.1 -0.9 -0.4 0.2 -2.1 -0.1 1.1 9. AN EPRAGE; rl:RN' OF NFI' ONI%II I{ f UE NT.h ALL CREDITORS Interest (%) ... 4.0 4.3 2.9 3.8 5.7 3.9 2.0 0.0 Maturity (years) ... 31.7 19.0 25.6 21.9 6.1 17.6 32.2 0.0 Grace period (years) ... 7.5 5.4 7.9 6.0 1.6 4.8 9.5 0.0 Grant element (%) ... 41.5 38.2 53.1 43.7 13.0 38.5 65.5 0.0 Official creditors Interest (%M.. 4.5 4.0 2.0 3.8 2.0 3.9 2.0 0.0 Maturity (years) ... 38.0 19.7 31.7 21.9 10.9 17.6 32.2 0.0 Grace period (years) ... 9.0 5.6 9.8 6.0 3.4 4.8 9.5 0.0 Grant element (%) ... 46.1 39.9 65.8 43.7 38.3 38.5 65.5 0.0 Private creditors Interest (%) ... 2.0 9.5 5.9 0.0 5.8 0.0 0.0 0.0 Maturity (years) ... 5.8 4.3 6.0 0.0 6.0 0.0 0.0 0.0 Grace period (years) ... 1.3 0.3 1.6 0.0 1.5 0.0 0.0 0.0 Grant element (%) ... 22.5 0.4 11.8 0.0 12.3 0.0 0.0 0.0 Memorandum items Commitments ... 5.5 20.3 11.0 13.7 3.8 10.3 6.4 0.0 Official creditors ... 4.4 19.4 8.4 13.7 0.1 10.3 6.4 0.0 Private creditors ... 1.11 0.9 2.6 0.0 3.8 0.0 0.0 0.0 11). L ON-rH4 X. ELUXL OBLIA; ~TIONS ON O. I'S [ %NDIN(I ILONG-TI RN DRTw 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 9.0 8.7 5.8 3.7 1.8 0.8 0.4 0.2 0.1 0.0 Principal 4.6 5.8 4.7 5.0 4.9 5.1 5.1 5.0 5.0 5.0 Interest 2.1 2.1 2.1 2.1 2.0 1.8 1.7 1.5 1.4 1.2 Official creditors Disbursements 9.0 8.7 5.8 3.7 1.8 0.8 0.4 0.2 0.1 0.0 Principal 3.3 4.6 4.6 5.0 4.9 5.1 5.1 5.0 5.0 5.0 Interest 1.9 2.1 2.1 2.1t 2.0 1.8 1.7 1.5 1.4 1.2 Bilateral creditors Disbursements 3.7 2.2 1.3 0.8 0.4 0.1 0.0 0.0 0.0 0.0 Principal 1.4 2.3 2.2 2.2 2.1 2.1 2.1 2.1 2.1 2.1 Interest 0.8 0.8 0.8 0.8 0.7 0.7 0.6 0.5 0.5 0.4 Multilateral creditors Disbursements 5.3 6.5 4.6 2.9 1.4 0.7 0.4 0.2 0.1 0.0 Principal 1.8 2.3 2.4 2.9 2.8 2.9 2.9 2.9 2.8 2.9 Interest 1.1 1.2 1.3 1.3 1.3 1.2 1.1 1.0 0.9 0.8 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 1.3 1.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0. 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 1.3 1.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 504 ST. LUCIA (USS million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SI'MNIMfRl DEBT I)ATA TOTAL DEBT STOCKS (EDT) -.. 79.6 79.5 95.7 99.0 111.9 126.8 140.1 151.7 Long-term debt (LDOD) . - 72.6 73.3 87.6 94.6 101.9 109.8 119.9 118.7 Public and publicly guaranteed ... 72.6 73.3 87.6 94,6 101.9 109.8 119.9 118.7 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt ... 7.0 6.2 8.2 4.4 10.0 16.9 20.2 33.0 of which interest arrears on LDOD ... 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors ... 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ... 0.1 0.2 0.3 0.5 0.2 0.0 0.0 0.0 Official creditors ... 0.1 0.2 0.3 0.5 0.2 0.0 0.0 0.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits ... 40.0 39.0 33.0 31.0 31.0 30.0 32.0 30.0 TOTAL DEBT FLOWS Disbursements - . 8.1 7.1 28.0 15.6 8.9 11.5 17.5 10.1 Long-term debt ... 8.1 7.1 28.0 15.6 8.9 11.5 17.5 10.1 IMF purcbases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments -.. 3.2 5.7 6.9 5.8 5.5 5.8 6.2 6.5 Long-term debt ... 3.2 5.7 6.9 5.8 5.5 5.8 6.2 6.5 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt ... 7.1 1.5 23.0 6.0 9.0 12.6 14.7 16.4 of which sbort-term debt ... 2.2 0.0 1.9 -3.8 5.6 6.9 3.3 12.8 Interest payments (INT) ... 3.2 4.2 4.4 5.1 5.0 5.7 6.2 6.5 Long-term debt ... 2.8 3.7 4.1 4,9 4.5 4.7 5.3 5.1 IMF cbarges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt ... 0.3 0.5 0.3 0.2 0.5 0.9 0.9 1.4 Net transfers on debt . 4.0 -2.8 18.6 0.9 4.0 7.0 8.4 9.9 Total debt service paid (TDS) . 6.4 9.9 11.3 10.9 10.5 11.5 12.4 13.0 Long-term debt ... 6.0 9.4 11.0 10.7 10.0 10.6 11.5 11.6 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) ... 0.3 0.5 0.3 0.2 0.5 0.9 0.9 1.4 2. UJGREGA-E, NET REN,OURCE FLOWS VND NET TRANSFFRS I.ONG_-TE RNIi NET RESOURCE FLOWS -.. 53.0 66.5 67.0 58.2 53.6 82.9 79.6 53.6 Net flow of long-term debt (ex. IMF) ... 4.9 1.5 21.1 9.8 3.4 5.7 11.4 3.6 Foreign direct investment (net) ... 45.0 58.0 40.9 34.1 32.4 35.0 39.0 45.0 Portfolio equity flows ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excludig technical coop.) ... 3.1 7.0 5.0 14.3 17.8 42.2 29.2 5.0 Memo: technical coop. grants ... 3.5 5.0 4.0 4.3 7.2 4.8 4.4 4.3 official net resource flows ... 8.8 9.4 26.9 24.6 21.2 47.9 40.6 8.6 private net resource flows ... 44.2 57.1 40.1 33.6 32.4 35.0 39.0 45.0 NET TRANSFERS . 23.7 33.6 33.8 20.3 15.1 45.2 44.2 16.5 Interest on long-term debt ... 2.8 3.7 4.1 4.9 4.5 4.7 5.3 5.1 Profit remittances on FDI ... 26.5 29.1 29.1 33.0 34.0 33.0 30.0 32.0 Memo: official net transfers ... 6.2 5.8 22.9 19.7 16.7 43.2 35.3 3.5 private net transfers ... 17.5 27.8 10.9 0.6 -1.6 2.0 9.0 13.0 3. MUAJOR ECONOMNIIC AGGREGATE-S Gross national product (GNP) ... 370.9 398.9 447.8 456.7 484.8 520.7 553.7 589.7 Exports of goods & services (XGS) ... 301.2 306.3 343.7 346.1 362.2 407.3 381.4 of which workers remittances ... 13.7 15.6 16.1 13.6 19.6 21.0 22.1 Imports of goods & services (MGS) ... 352.1 376.2 391.4 391.1 408.9 438.6 453.6 International reserves (RES)............ Current account balance ... -57.0 -71.8 -54.8 -49.3 -48.5 -33.2 -80.3 4. DEBT INDICATORS EDT /XGS ()... 26.4 26.0 27.8 28.6 30.9 31.1 36.7 EDT/GNP(% ... 21.5 19.9 21.4 21.7 23.1 24.3 25.3 25.7 TDS /XGS %)... 2.1 3.2 3.3 3.2 2.9 2.8 3.3 INT XGS ()... 1.0 1.4 1.3 1.5 1.4 1.4 1.6 INTL GNP (9). . 0.9 1.1 1.0 1.1 1.0 1.1 1.1 1.1 RES /MGS (months)............ Short-term / EDT (91) ... 8.8 7.8 8.5 4.4 8.9 13.4 14.4 21.8 Concessional / EDT ()... 41.3 45.7 54.4 59.4 57.7 58.3 58.5 55.4 Multilateral / EDT (91) ... 53.6 57.8 59.6 65.3 62.2 61.1 60.5 55.9 505 ST. LUCIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 -5. I-ON,-r-ERM DEBr' DEBT OUTSTANDING (LDOD) ... 72.6 73.3 87.6 94.6 101.9 109.8 119.9 118.7 Public and publicly guiaranteed ... 72.6 73.3 87.6 94.6 101.9 109.8 119.9 118.7 Official creditors ... 70.0 71.8 86.9 94.6 101.8 109.8 119.8 118.7 Multilateral ... 42.7 46.0 57.1 64.7 69.5 77.5 84.7 84.7 Concessional ... 32.5 34.6 42.1 46.1 48.9 56.2 60.6 61.6 Bilateral ... 27.3 25.8 29.9 29.9 32.3 32.3 35.1 33.9 Concessional ... 0.4 1.8 10.0 12.7 15.6 17.7 21.3 22.3 Private creditors ... 2.6 1.6 0.6 0.1 0.1 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 2.6 1.6 0.6 0.1 0.1 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.4 1.5 2.1 3.9 3.7 IDA 0.0 0.0 0.0 0.6 4.4 5.3 5.7 7.9 8.2 9.7 DISBURSEMENTS . . 8.1 7.1 28.0 15.6 8.9 11.5 17.5 10.1 Public and publicly guaranteed . . 8.1 7.1 28.0 15.6 8.9 11.5 17.5 10.1 Official creditors .. 8.1 7.1 28.0 15.6 89 11.5 17.5 10.1 Multilateral ... 7.0 5.7 15.8 12.0 6.7 10.8 12.8 6.8 Concessional ... 4.3 4.0 t1.1 7.6 4.0 9.3 7.9 5.2 Bilateral . . 1.1 1.4 12.1 3.6 2.2 0.8 4.8 3.3 Concessional ... 0.2 1.4 9.1 3.6 1.7 0.8 4.8 3.3 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.5 1.0 0.7 2.2 0.4 IDA 0.0 0.0 0.0 0.6 4.0 0.8 0.2 2.1 0.6 2.0 PRINCIPAL REPAYMENTS . . 3.2 5.7 6.9 5.8 5.5 5.8 6.2 6.5 Public and publicly guaranteed . . 3.2 5.7 6.9 5.8 5.5 5.8 6.2 6.5 Official creditors ... 2.4 4.7 6.1 5.3 5.5 5.8 6.2 6.5 Multilateral ... 2.4 2.7 2.8 3.2 3.4 3.8 4.1 4.5 C.oncessional . . 2.0 2.1 2.2 2.4 2.3 2.6 2.7 2.8 Bilateral ... 0.0 2.1 3.3 2.1 2.1 2.0 2.1 2.0 Concessional . . 0.0 0.0 0.5 0.1 0.1 0.1 0.1 0.1 Private creditors ... 0.8 0.9 0.8 0.5 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.8 0.9 0.8 0.5 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT . . 4.9 1.5 21.1 9.8 3.4 5.7 11.4 3.6 Public and publicly guaranteed . . 4.9 1.5 21.1 9.8 3.4 5.7 11.4 3.6 Official creditors ... 5.7 2.4 21.9 10.3 3.4 5.7 11.4 3.6 Multilateral ... 4.6 3.1 13.0 8.8 3.3 7.0 8.6 2.2 Concessional ... 2.2 2.0 9.0 5. 2 1.7 6.7 5.1 2.4 Bilateral ... 1.1 -0.7 8.9 1.5 0.1 -1.3 2.7 1.3 Concessional ... 0.2 1.4 8.6 3.5 1.6 0.7 4.7 3.3 Private creditors ... -0.8 -0.9 -0.8 -0.5 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... -0.8 -0.9 -0.8 -..j5 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial hanks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.5 1.0 0.6 2.0 0.2 IDA 0.0 0.0 0.0 0.6 4.0 0.8 0.2 2.1 0.6 2.0 506 ST. LUCIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) . .. 2.8 3.7 4.1 4.9 4.5 4.7 5.3 5.1 Public and publicly guaranteed . .. 2.8 3.7 4.1 4.9 4.5 4.7 5.3 5.1 Official creditors . .. 2.6 3.6 4.0 4.9 4.5 4.7 5.3 5.1 Multilateral ... 1.8 1.8 2.1 2.5 2.7 2.9 3.4 3.6 Concessional ... 1.3 1.2 1.2 1.4 1.5 1.6 1.7 1.9 Bilateral ... 0.8 1.7 1.9 2.3 1.7 1.8 1.9 1.5 Concessional ... 0.0 0.0 0.6 1.0 0.8 0.9 0.9 0.9 Private creditors ... 0.2 0.2 0.1 0.0 0.0 0.0 0.0 0.0 Bonds . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . .. 0.2 0.2 0.1 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.3 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 NET TRANSFERS ON DEBT . .. 2.1 -2.3 17.0 4.9 -1.1 1.0 6.0 -1.5 Public and publicly guaranteed . .. 2.1 -2.3 17.0 4.9 -1.1 1.0 6.0 -1.5 Official creditors ... 3.1 -1.2 17.9 5.4 -1.1 1.0 6.1 -1.5 Multilateral ... 2.8 1.3 10.9 6.3 0.5 4.0 5.2 -1.3 Concessional ... 1.0 0.7 7.7 3.8 0.2 5.1 3.4 0.5 Bilateral ... 0.3 -2.4 6.9 -0.8 -1.6 -3.1 0.9 -0.2 Concessional ... 0.2 1.4 7.9 2.6 0.8 -0.3 3.8 2.4 Private creditors ... -1.0 -1.1 -0.9 -0.6 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . .. -1.0 -1.1 -0.9 -0.6 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonids ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.5 1.0 0.4 1.8 -0.1I IDA 0.0 0.0 0.0 0.6 3.9 0.8 0.1 2.0 0.5 1.9 DEBT SERVICE (LTDSJ . . 6.0 9.4 11.0 10.7 10.0 10.6 11.5 11.6 Public and publicly guaranteed . .. 6.0 9.4 11.0 10.7 10.0 10.6 11.5 11.6 Official creditors ... 5.0 8.3 10.1 10.1 10.0 10.6 11.5 11.6 Multilateral ... 4.2 4.5 4.9 5.7 6.2 6.7 7.5 8.1 Concessional ... 3.3 3.3 3.4 3.8 3.8 4.2 4.5 4.7 Bilateral ... 0.8 3.8 5.2 4.4 3.8 3.8 3.9 3.5 Concessional ... 0.0 0.0 1.1 1.0 0.9 1.0 1.0 0.9 Private creditors ... 1.0 1.1 0.9 0.6 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . .. 1.0 1.1 0.9 0.6 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.4 0.5 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 UNDISBURSED DEBT . .. 49.9 65.9 42.9 33.9 32.7 68.0 53.2 36.7 Official creditors . .. 49.9 65.9 42.9 33.9 32.7 68.0 53.2 36.7 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD . .. 32.9 36.4 52.1 58.8 64.5 73.9 81.9 84.0 Variable rare LDOD . .. 0.0 0.0 0.0 0.4 1.6 2.2 4.5 5.1 Public sector LDOD . .. 72.6 73.3 87.6 94.6 101.9 109.8 119.9 118.7 Private sector LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. (LFRRE.NCYk 1ONIPOSIrTON OF [NTEMDEBTI iP1RC ENTi Deutsche mark . .. 5.9 5.7 4.2 3.3 3.0 2.7 2.0 1.6 French franc ... 0.3 1.8 11.3 13.3 15.3 16.1 14.2 13.3 Japanese yen ... 4.0 4.6 3.7 3.4 3.1 2.5 1.8 1.3 Pound sterling . .. 39.9 34.0 22.6 18.8 16.8 13.8 12.3 10.4 Swiss franc ... 1.1 1.1 0.8 0.6 0.6 0.5 0.3 0.3 U.S.dollats . .. 32.6 37.8 46.5 52.1 51.4 54.1 58.6 62.1 Multiple currency ... 0.0 0.0 0.0 0.6 2.0 3.4 5.3 5.1 Special drawing rights ... 0.8 0.7 0.5 1.2 1.9 1.8 1.6 1.8 All other currencies ... 15.3 14.3 10.5 6.6 6.0 5.0 4.1 3.2 507 ST. LUCIA (US$ million, uinless otherwvise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 .1) 1. B REsiTR iI ULRI% GS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.4 0.0 0.0 0.6 0.2 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. EIrrT sT( CK-FI.O1" RE CO N C I LLT XI' Total change in debt stocks ... 14.0 -0. 1 16.2 3.3 12.9 14.9 13.3 11.6 Net flows on debt ... 7.1 1.5 23.0 6.0 9.0 12.6 14.7 16.4 Net change in interest arre-ars ... 1.0 -0.8 0.0 0.0 0.0 0.0 0.0 0.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... -0.4 0.0 0.0 -0.6 -0.2 0.0 0.0 0.0 Cross-currency valuation . . 8.0 -0.6 -5.6 -1.6 3.9 2.2 -0.6 -3.6 Residual ... -1.0 -0.2 -1.2 -0.5 0.2 0.1 -0.8 -1.1 '9* ANEKX I ERMS OF NE%% CONMMITENTLIS ALL CREDITORS Interest (%) ... 4.3 5.4 3.6 3.6 4.1 4.7 5.7 0.0 Maturity (years) ... 24.1 23.3 31.1 19.6 10.8 24.8 15.0 0.0 Grace period (years) ... 8.3 6.8 8.2 5.3 4.1 7.1 3.1 0.0 Grant element (%) ... 42.8 33.3 52.0 41.7 36.9 38.4 20.4 0.0 Official creditors Interest (%) ... 4.3 5.4 3.6 3.6 4.1 4.7 5.7 0.0 Maturity (years) ... 24.1 23.3 31.1 19.6 19.8 24.8 15.9 0.0 Grace period (years) ... 8.3 6.8 8.2 5.3 4.1 7.1 3.1 0.0 Grant element (%) . . 42.8 33.3 52.0 41.7 36.9 38.4 20.4 0.0 Private creditors Interest (%) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments ... 34.9 23.0 7.0 8.4 6.9 50.4 3.5 0.0 Official creditors . . 34.9 23.0 7.0 8.4 6.9 50.4 3.5 0.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10. t'ONI R X( ii' Al. OIILIG.A T1E)Ns ON OLITsTAN D)ING LONG-FERN! DE~ 81 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 11.9 9.5 5.8 3.6 2.2 1.4 0.9 0.5 0.4 0.2 Principal 9.2 9.9 11.5 10.4 9.7 9.6 9.5 9.1 8.7 8.0 Interest 5.7 5.6 5.4 4.9 4.5 4.1 3.7 3.2 2.8 2.4 Official creditors Disbursements 11.9 9.5 5.8 3.6 2.2 1.4 0.9 0.5 0.4 0.2 Principal 9.2 9.8 11.5 10.4 9.7 9.6 9.5 9.1 8.7 8.0 Interest 5.7 5.6 5.4 4.9 4.5 4.1 3.7 3.2 2.8 2.4 Bilateral creditors Disbursements 1.4 1.0 0.5 0.3 0.2 0.0 0.0 0.0 0.0 0.0 Principal 3.8 4.2 5.1 2.8 2.8 2.7 2.7 2.7 2.4 2.2 Interest 1.9 1.7 1.4 1.1 1.0 0.8 0.7 0.6 0.4 0.3 Multilateral creditors Disbursements 10.4 8.6 5.3 3.3 2.1 1.4 0.9 0.5 0.4 0.2 Principal 5.4 5.6 6.4 7.5 6.9 6.9 6.7 6.3 6.3 5.9 Interest 3.8 3.9 4.0 3.8 3.5 3.3 3.0 2.7 2.4 2.1 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 508 ST. VINCENT AND THE GRENADINES (US~$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I_. sIN[.%IR' DEBI' Dfl TOTAL DEBT STOCKS (EDT) .. 10.6 59.1 64.8 71.8 97.2 140.9 206.2 212.6 257.8 Long-term debt (LDOD) 0.7 10.3 57.0 62.7 70.3 73.4 86.8 86.8 86.2 85.6 Public and publicly guaranteed 0.7 10.3 57.0 62.7 70.3 73.4 86.8 86.8 86.2 85.6 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-termn debt .. 0.0 2.1 2.1 1.6 23.7 54.0 119.3 126.3 172.2 of which interest arrears on LDOD .. 0.0 0.1 0.1 0.0 0.0 0.0 0.1 0.5 0.2 Official creditors .. 0.0 0.1 0.1 0.0 0.0 0.0 0.1 0.0 0.1 Private creditors ., 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.1 Memo: principal arrears on LDOD .. 0.0 0.1 0.1 0.0 0.0 0.1 0.6 0.9 0.1 Official creditors .. 0.0 0.1 0.1 0.0 0.0 0.1 0.3 0.0 0.1 Ptivate creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.9 0.0 Memo: export credits ... 2.0 2.0 2.0 3.0 3.0 3.0 5.0 20.0 TOTAL DEBT FLOWS Disbursements 0.2 3.5 7.0 8.2 7.8 9.4 15.9 3.1 6.1 9.8 Long-term debt 0.2 3.0 7.0 8.2 7.8 9.4 15.9 3.1 6.1 9.8 IMP purchases 0.0 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 0.0 0.1 2.2 2.8 3.7 5.3 4.7 4.2 5.3 6.5 Long-term debt 0.0 0.1 2.2 2.8 3.7 5.3 4.7 4.2 5.3 6.5 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 0.2 3.4 5.1 5.3 3.8 26.2 41.6 64.2 7.3 49.5 of which short-term debt ... 0.4 -0. 1 -0.4 22.2 30.3 65.3 6.6 46.2 Interest payments (INT) .. 0.3 1.8 1.9 2.0 2.8 3.9 6.2 8.6 10.9 Long-term debt 0.0 0.3 1.7 1.7 2.0 2.1 2.3 2.5 2.6 3.0 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.0 0.2 0.2 0.1 0.7 1.7 3.7 6.0 7.9 Net transfers on debt .. 3.1 3.3 3.5 1.7 23.4 37.6 58.0 -1.3 38.6 Total debt service paid (TDS) .. 0.4 4.1 4.7 5.7 8.1 8.6 10.4 13.9 17.4 Long-term debt 0.0 0.4 3.9 4.5 5.6 7.4 7.0 6.7 8.0 9.5 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 0.0 0.2 0.2 0.1 0.7 1.7 3.7 6.0 7.9 2. A GG RFG.rE NET RLSOLiRCPIC Fl) N ND NET' rRAtNSFERS'4 Y' LO E.RER I' NET RESOURCE FLOWS 0.2 8.8 16.1 17.4 31.2 37.7 61.1 75.6 40.7 49.6 Netftlow ofltong-term debt (ex. IMF) 0.2 2.9 4.7 5.4 4.2 4.0 11.3 -1.1 0.7 3.3 Foreign direct investment (net) 0.0 1.1 8.0 9.0 19.0 31.0 47.0 31.4 19.0 42.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 0.0 4.8 3.4 3.0 8.0 2.7 2.8 45.3 21.0 4.3 Memo: technical coop. grants 0.0 1.0 2.5 4.0 2.0 3.9 2.3 2.9 2.6 2.5 official net resource flows 0.0 7.6 8.1 8.4 12.2 6.8 9.3 44.2 21.7 9.2 private net resource flows 0.2 1.2 8.0 9.0 19.0 31.0 51.7 31.5 19.0 40.4 NET TRANSFERS 0.1 8.5 1.2 3.5 20.0 24.6 46.8 60.1 20.1 27.6 Interest on long-term debt 0.0 0.3 1.7 1.7 2.0 2.1 2.3 2.5 2.6 3.0 Profit remittances on FDI 0.0 0.0 13.2 12.2 9.2 11.0 12.0 13.0 18.0 19.0 Memo: official net transfers 0.0 7.4 6.4 6.7 10.2 4.7 7.0 42.0 19.2 6.7 private net transfers 0.2 1.1 -5.2 -3.2 9.8 20.0 39.7 18.2 0.9 20.9 3. NtL.JOR ECONOMRIC AGGREG ATES Gross national product (GNP) 18.5 56.8 182.9 198.3 223.7 229.0 229.1 246.1 264.5 289.3 Exports of goods & services (XGS) .. 39.6 148.7 131.5 143.1 136.8 131.1 155.3 166.9 of which workers remittances .. 0.0 13.9 13.7 0.0 14.5 14.8 15.2 16.3 Imports of goods & services (MGS) .. 65.0 167.9 169.5 171.9 173.1 186.1 190.2 197.1 International reser-ves (RES) . .. .. .. Current account balance .. -9.3 -23.6 -43.9 -20.9 -43.8 -58.0 -41.2 -35.2 4. DEBT INDICIIAORS EDT /XGS (% . 26.8 39.8 49.3 50.2 71.0 107.4 132.7 127.4 EDT/GNP(% I&187 32.3 32.7 32.1 42.4 61.5 83.8 80.4 89.1 TDS /XGS ().. 1.1 2.7 3.6 4.0 5.9 6.6 6.7 8.4 INT XGS ().. 0.7 1.2 1.4 1.4 2.1 3.0 4.0 5.2 INTi GNP ().. 0.5 1.0 1.0 0.9 1.2 1.7 2.5 3.3 3.8 RES EDT (1 .. .. .. .. RES MGS (months).. .......... Short-term / EDT (71) .. 0.0 3.6 3.2 2.2 24.4 38.4 57.9 59.4 66.8 Concessional /EDT (71) .. 56.9 81.6 77.7 81.0 64.0 49.1 33.4 33.0 28.8 Multilateral!/ EDT (71) .. 58.4 80.4 81.0 71.7 52.4 39.8 27.2 24.7 21.7 509 ST. VINCENT AND THE GRENADINES (US$ millioni, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 -5. L.O \l,- rE RMt 1) EBI- DEBT OUTSTANDING (LDOD) 0.7 10.3 57.0 62.7 70.3 73.4 86.8 86.8 86.2 85.6 Public and publicly guaranteed 0.7 10.3 57.0 62.7 70.3 73.4 86.8 86.8 86.2 85.6 Official creditors 0.0 9.4 57.0 62.7 70.3 73.4 82.1 82.0 81.4 83.8 Multilateral 0.0 6.2 47.5 52.5 51.5 50.9 56.1 56.0 52.4 56.0 Concessional 0.0 5.1 39.8 40.9 39.9 40.0 44.6 43.9 41.8 46.8 Bilateral 0.0 3.2 9.5 10.2 18.7 22.5 26.0 26.1 29.0 27.8 Concessional 0.0 1.0 8.5 9.4 18.3 22.2 24.5 25.0 28.4 27.6 Private creditors 0.7 0.9 0.0 0.0 0.0 0.0 4.7 4.8 4.8 1.8 Bonds 0.7 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 4.7 4.8 4.8 1.8 Other private 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.2 0.4 0.5 0.4 0.3 0.3 IDA 0.0 0.0 6.2 7.9 7.6 7.6 8.0 8.1 7.8 7.3 DISBURSEMENTS 0.2 3.0 7.0 8.2 7.8 9.4 15.9 3.1 6.1 9.8 Public and publicly guaranteed 0.2 3.0 7.0 8.2 7.8 9.4 15.9 3.1 6.1 9.8 Official creditors 0.0 2.9 7.0 8.2 7.8 9.4 11.2 3.1 6.1 9.8 Multilateral 0.0 2.8 6.3 7.2 3.7 4.8 6.8 2.2 1.8 8.6 ConcessioDal 0.0 1.9 4.8 3.1 2.1 4.2 6.2 1.3 1.3 8.0 Bilateral 0.0 0.1 0.6 1.0 4.1 4.5 4.4 0.9 4.3 1.2 Conce,ssional 0.0 0.0 0.6 1.0 4.1 4.5 2.9 0.9 4.3 1.2 Private creditors 0.2 0.1 0.0 0.0 0.0 0.0 4.7 0.1 0.0 0.0 Bonds 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 4.7 0.1 0.0 0.0 Other private 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.1 0.3 0.0 0.0 0.1 0.1 IDA 0.0 0.0 0.9 1.6 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 0.0 0.1 2.2 2.8 3.7 5.3 4.7 4.2 5.3 6.5 Public and publicly guaranteed 0.0 0.1 2.2 2.8 3.7 5.3 4.7 4.2 5.3 6.5 Official creditors 0.0 0.1 2.2 2.8 3.7 5.3 4.7 4.2 5.3 4.9 Multilateral 0.0 0.1 2.0 2.5 3.0 4.7 3.2 3.1 4.0 3.3 Concessional 0.0 0.1 1.6 2.1 2.2 4.0 2.3 2.0 2.7 2.2 Bilateral 0.0 0.0 0.2 0.3 0.7 0.6 1.4 1.1 1.4 1.6 Concessional 0.0 0.0 0.1 0.1 0.5 0.4 1.0 0.7 1.0 1.4 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 NET FLOWS ON DEBT 0.2 2.9 4.7 5.4 4.2 4.0 11.3 .1.1 0.7 3.3 Public and publicly guaranteed 0.2 2.9 4.7 5.4 4.2 4.0 11.3 .1.1 0.7 3.3 Official creditors 0.0 2.8 4.7 5.4 4.2 4.1 6.5 -1. 1 0.7 4.9 Multilateral 0.0 2.7 4.3 4.7 0.8 0.1 3.6 -0.9 -2.2 5.4 Concessionat 0.0 1.7 3.3 1.0 -0. 1 0.2 3.9 -0.7 -1.3 5.8 Bitateral 0.0 0.1 0.4 0.8 3.4 3.9 2.9 -0.3 2.9 -0.5 Concessional 0.0 0.0 0.6 1.0 3.6 4.1 1.9 0.2 3.3 -0.2 Private creditors 0.2 0.1 0.0 0.0 0.0 0.0 4.7 0.1 0.0 -1.6 Bonds 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 4.7 0.1 0.0 -1.6 Other private 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.1 0.3 0.0 -0.1I 0.0 0.0 IDA 0.0 0.0 0.9 1.6 0.0 0.0 0.0 -0.1I -0.1I -0.1I 510 ST. VINCENT AND THE GRENADINES (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 0.0 0.3 1.7 1.7 2.0 2.1 2.3 2.5 2.6 3.0 Public and publicly guaranteed 0.0 0.3 1.7 1.7 2.0 2.1 2.3 2.5 2.6 3.0 Official creditors 0.0 0.2 1.7 1.7 2.0 2.1 2.3 2.2 2.5 2.5 Multilateral 0.0 0.2 1.4 1.5 1.7 1.7 1.7 1.5 1.7 1.7 Concessional 0.0 0.1 1.1 1.1 1.1 1.1 1.1 1.0 1.2 1.1 Bilateral 0.0 0.0 0.3 0.3 0.3 0.4 0.6 0.7 0.8 0.8 Concessional 0.0 0.0 0.2 0.2 0.2 0.4 0.5 0.6 0.7 0.8 Private creditors 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.3 0.1 0.5 Bonds 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.1 0.5 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 NET TRANSFERS ON DEBT 0.1 2.6 3.0 3.7 2.2 1.9 9.0 -3.6 -1.9 0.3 Public and publicly guaranteed 0.1 2.6 3.0 3.7 2.2 1.9 9.0 -3.6 .1.9 0.3 Official creditors 0.0 2.5 3.0 3.7 2.2 2.0 4.2 -3.3 -1.8 2.4 Multilateral 0.0 2.5 2.9 3.2 -0.9 -1.5 1.9 -2.4 -3.9 3.7 Concessional 0.0 1.6 2.2 -0.1 -1.2 -0.9 2.8 -1.7 -2.5 4.7 Bilateral 0.0 0.1 0.1 0.5 3.1 3.5 2.3 -0.9 2.1 -1.3 Concessional 0.0 0.0 0.4 0.8 3.3 3.7 1.4 -0.4 2.6 -1.0 Private creditors 0.1 0.1 0.0 0.0 0.0 0.0 4.7 -0.2 -0.1 -2.1 Bonds 0.1 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 4.7 -0.2 -0. 1 -2.1 Other private 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.1 0.3 -0.1I -0. 1 -0.1 -0.1 IDA 0.0 0.0 0.8 1.5 0.0 -0. 1 -0.1 -0.1I -0. 1 -0.1I DEBT SERVICE (LTDS) 0.0 0.4 3.9 4.5 5.6 7.4 7.0 6.7 8.0 9.5 Public and publicly guaranteed 0.0 0.4 3.9 4.5 5.6 7.4 7.0 6.7 8.0 9.5 Official creditors 0.0 0.4 3.9 4.5 5.6 7.4 7.0 6.4 7.8 7.4 Multilateral 0.0 0.4 3.4 4.0 4.6 6.4 4.9 4.6 5.7 4.9 Concessional 0.0 0.3 2.6 3.2 3.3 5.1 3.4 2.9 3.8 3.3 Bilateral 0.0 0.0 0.5 0.5 1.0 1.0 2.0 1.8 2.1 2.5 Concessional 0.0 0.0 0.2 0.2 0.8 0.8 1.5 1.3 1.6 2.1 Private creditors 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.3 0.1 2.1 Bonds 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.1 2.1 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.1 IDA 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 UNDISBURSED DEBT 0.0 11.0 24.8 29.4 30.9 38.2 30.5 39.9 53.3 44.7 Official creditors 0.0 9.8 24.8 29.4 30.9 35.8 30.5 39.9 53.3 44.7 Private creditors 0.0 1.2 0.0 0.0 0.0 2.4 0.1 0.0 0.0 0.0 Memorandum items Concessional LDOD 0.0 6.1 48.3 50.4 58.2 62.2 69.2 68.9 70.2 74.4 Variable rate LDOD 0.0 0.0 0.0 0.1 0.9 1.3 1.4 1.2 1.0 7.2 Public sector LDOD 0.7 10.3 57.0 62.7 70.3 73.4 86.8 86.8 86.2 85.6 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. C. URRENC1 CONlPONdTION OF I.O'XG.TERM D)EBT iPERL ENTi Deutsche maTk 0.0 0.0 0.7 0.8 0.7 0.7 0.6 0.6 0.6 0.5 French franc 0.0 0.0 0.2 0.2 0.6 3.1 3.8 4.3 4.4 3.9 Japanese yen 0.0 0.0 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.0 Pound sterling 0.0 36.8 4.7 3.5 9.0 7.5 5.9 5.6 5.5 4.7 Swiss franc 0.0 0.0 0.2 2.1 1.7 1.5 1.4 1.5 1.2 1.1 U.S.dollars 0.0 21.3 66.1 64.8 64.6 66.5 68.2 68.3 67.6 72.3 Multiple currency 0.0 11.6 10.2 8.5 6.8 6.1 5.5 4.8 3.9 3.3 Special drawing rights 0.0 0.0 3.7 3.2 2.7 2.9 3.0 3.3 3.2 3.2 All other currencies 100.0 31.0 13.9 16.9 13.7 11.6 11.6 11.4 13.6 11.3 511 ST. VINCENT AND THE GRENADINES (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT- RESIRUIC IL RIN.G,- Total amount rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.8 0.0 0.0 0.0 0.0 0.0 0.3 1.4 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S. DEBT S'i 0(BK-FLO%N RECO0NCILLVri( N Total change in debt stocks ... 8.0 5.7 7.0 25.3 43.7 65.3 6.4 45.3 Net flows on debt ... 5.1 5.3 3.8 26.2 41.6 64.2 7.3 49.5 Net change in interest arrears ... 0.1 0.1 -0.1I 0.0 0.0 0.0 0.4 -0.3 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... -0.8 0.0 0.0 0.0 0.0 0.0 -0.3 -1.4 Cross-currency valuation ... 1.6 -0.2 -2.3 -0.9 1.9 1.3 -0.6 -1.6 Residual ... 2.0 0.5 5.7 0.0 0.2 -0.3 -0.5 -1.0 J. A%'ER%i,E I-ERNIS O)F NEI% ('ONlt%II NI\ I-S ALL CREDITORS Interest (% 7.5 5.3 4.0 3.3 2.5 4.3 1.4 3.5 4.4 4.3 Maturity (years) 13.5 15.4 21.0 19.2 18.0 19.5 16.0 19.9 24.1 15.6 Grace period (years) 13.5 5.1 4.8 5.8 7.3 5.6 3.3 4.1 6.1 3.5 Grant element (%) 18.1 29.0 39.7 44.4 51.0 39.8 45.6 41.0 39.9 32.2 Official creditors Interest (%) 0.0 4.0 4.0 3.3 2.5 3.4 2.0 3.5 4.4 4.3 Maturity (years) 0.0 20.1 21.0 19.2 18.0 21.3 20.0 19.9 24.1 15.6 Grace period (years) 0.0 7.6 4.8 5.8 7.3 6.1 4.0 4.1 6.1 3.5 Grant element (%) 0.0 41.7 39.7 44.4 51.0 46.4 51.6 41.0 39.9 32.2 Private creditors Interest (%) 7.5 7.5 0.0 0.0 0.0 9.7 0.0 0.0 0.0 0.0 Maturity (years) 13.5 7.3 0.0 0.0 0.0 8.5 6.2 0.0 0.0 0.0 Grace period (years) 13.5 0.8 0.0 0.0 0.0 3.0 1.7 0.0 0.0 0.0 Grant element (%) 18.1 7.2 0.0 0.0 0.0 0.0 30.5 0.0 0.0 0.0 Memorandum items Commitments 0.2 3.6 2.5 13.0 7.3 16.9 8.3 12.6 19.7 2.4 Official creditors 0.0 2.3 2.5 13.0 7.3 14.5 5.9 12.6 19.7 2.4 Private creditors 0.2 1.3 0.0 0.0 0.0 2.4 2.4 0.0 0.0 0.0 1J) CONTPjWI'L ~,L 0111. IG % FIONS ON% OL TST .NNDINt;- I.ONE;-'rF RNI DE.BT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 10.3 11.4 8.5 5.7 3.4 1.9 1.2 0.6 0.3 0.1 Principal 7.1 6.8 7.3 6.9 7.5 8.1 8.2 8.0 6.7 6.2 Interest 3.0 3.0 3.0 2.9 2.8 2.6 2.4 2.2 1.9 1.7 Official creditors Disbursements 10.3 11.4 8.5 5.7 3.4 1.9 1.2 0.6 0.3 0.1 Principal 6.7 6.4 6.9 6.5 7.3 8.1 8.2 8.0 6.7 6.2 Interest 2.8 2.9 2.9 2.9 2.8 2.6 2.4 2.2 1.9 1.7 Bilateral creditors Disbursements 4.5 3.6 2.5 1.5 1.0 0.5 0.4 0.1 0.0 0.0 Principal 2.4 2.1 2.5 2.5 2.8 2.8 2.8 2.8 2.6 2.5 Interest 0.9 0.9 0.9 0.8 0.8 0.7 0.7 0.6 0.5 0.5 Multilateral creditors Disbursements 5.9 7.8 6.0 4.2 2.5 1.4 0.9 0.5 0.2 0.1 Principal 4.3 4.3 4.4 4.0 4.5 5.3 5.4 5.2 4.1 3.7 Interest 1.9 2.0 2.1 2.0 2.0 1.9 1.7 1.5 1.4 1.3 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.4 0.4 0.4 0.4 0.2 0.0 0.0 0.0 0.0 0.0 Interest 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.4 0.4 0.4 0.4 0.2 0.0 0.0 0.0 0.0 0.0 Interest 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 512 SUDAN (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SLINEliARY DEBT DA'I' TOTAL DEBT STOCKS (EDT) . 5,177 14,762 15,227 15,450 15,837 16,918 17,603 16,972 16,326 Long-term debt (LDOD) 298 4,147 9,651 9,716 9,480 9,490 9,896 10,275 9,865 9,494 Public and publicly guaranteed 298 3,822 9,155 9,220 8,984 8,994 9,400 9,779 9,369 8,998 Private nonguaranteed 0 325 496 496 496 496 496 496 496 496 Use of IMF credit 31 431 956 961 924 923 980 960 893 797 Short-term debt .. 599 4,155 4,550 5,047 5,424 6,042 6,368 6,214 6,035 of which interest arrears on LDOD .. 63 3,705 4,100 4,419 4,796 5,414 5,737 5,683 5,624 Official creditors .. 33 3,244 3,578 3,813 4,100 4,550 4,748 4,767 4,721 Private creditors .. 30 461 522 606 697 863 989 916 903 Memo: principal arrears on LDOD .. 551 5,704 6,298 6,417 6,599 7,155 7,637 7,467 7,321 Official creditors .. 108 3,893 4,327 4,445 4,650 5,024 5,282 5,377 5,348 Private creditors .. 444 1,811 1,971 1,972 1,949 2,131 2,355 2,090 1,973 Memo: export credits .. .. 2,972 2,996 2,712 2,762 2,747 2,528 2,556 2,609 TOTAL DEBT FLOWS Disbursements 53 921 185 128 108 101 12 51 17 5 Long-term debt 53 711 185 128 108 101 12 51 17 5 IMF purchases 0 210 0 0 0 0 0 0 0 0 Principal repayments 30 131 16 12 14 9 3 54 36 42 Long-term debt 22 53 15 12 14 9 3 15 0 0 IMF repurchases 8 78 1 0 0 0 0 39 36 42 Net flows on debt 22 790 169 116 272 91 9 0 -119 -157 of which short-term debt . 0 0 178 0 0 3 -100 -120 Interest payments (INT) .. 133 34 10 13 11 1 15 12 15 Long-term debt 12 49 9 10 11 8 0 2 0 0 IMF charges 0 14 0 0 2 3 0 13 12 15 Short-term debt .. 70 25 0 0 0 0 0 0 0 Net transfers on debt .. 657 135 106 259 80 9 -15 -131 -172 Total debt service paid (TDS) .. 264 50 22 27 20 3 69 48 58 Long-term debt 34 102 23 22 25 17 3 17 0 0 IMF repurchases and charges 8 92 1 0 2 3 0 52 48 57 Short-term debt (interest only) .. 70 25 0 0 0 0 0 0 0 2. A(4.REC, X I k NE I RESOL'R(iE FLOW% S AND NE I I'KRANS ERS i lIONG-T LR_1I NET RESOURCE FLOWS 33 1,046 603 665 409 344 372 184 170 140 Net flow of long-term debt (ex. IMF) 31 658 171 116 94 91 9 36 17 5 Foreign direct investment (net) 0 0 0 0 0 0 0 0 0 0 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 3 388 433 549 315 252 363 148 152 135 Memo: technical coop. grants 6 103 189 184 124 114 87 76 68 64 official net resource flows 36 908 603 665 409 344 372 184 170 140 private net resource flows -3 138 0 0 0 0 0 0 0 0 NET TRANSFERS 17 997 595 655 398 336 372 182 169 140 Interest on long-term debt 12 49 9 10 11 8 0 2 0 0 Profit remittances on FDI 4 0 0 0 0 0 0 0 0 0 Memo: official net transfers 26 864 595 655 398 336 372 182 169 140 private net transfers -9 133 0 0 0 0 0 0 0 0 3. MAJOR Et ONONI CAGGREG ATES Gross national product (GNP) 2,093 7,467 12,635 11,170 5,551 7,020 7,259 6,281 7,216 8,951 Exports of goods & services (XGS) 339 1,051 665 524 623 688 740 1,111 972 1,118 of which workers remittances 0 257 134 124 199 150 182 421 295 491 Imports of goods & services (MGS) 380 1,856 2,237 2,298 2,093 2,122 2,140 2,272 2,586 2,727 International reserves (RES) .. .. .. .. .. .. .. Current account balance .. -316 -372 -955 -506 -202 -602 -500 -827 -828 4. DEBT INDICATORS EDT /XGS (%) .. 492.6 2,219.8 2,908.6 2,481.6 2,300.5 2,286.5 1,584.2 1,745.7 1,459.8 EDT! GNP (%) .. 69.3 116.8 136.3 278.3 225.6 233.1 280.3 235.2 182.4 TDS / XGS (%) .. 25.1 7.5 4.2 4.3 2.9 0.4 6.2 4.9 5.1 INT/XGS (%) .. 12.6 5.1 1.9 2.0 1.6 0.1 1.4 1.3 1.4 INT / GNP (%) .. 1.8 0.3 0.1 0.2 0.2 0.0 0.2 0.2 0.2 RES /EDT(%) .. .. .. .. .. .. .. .. RES i MGS (months) .. .. .. .. .. .. .. Short-term / EDT (%) .. 11.6 28.1 29.9 32.7 34.3 35.7 36.2 36.6 37.0 Concessional / EDT (%) .. 33.4 30.2 30.2 29.8 29.5 28.2 27.5 28.0 28.4 Multilateral ! EDT (%) .. 12.2 11.7 12.2 12.2 12.4 12.2 12.1 12.3 12.3 513 SUDAN (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-T ERNI DE BT DEBT OUTSTANDING (LDOD) 298 4,147 9,651 9,716 9,480 9,490 9,896 10,275 9,865 9,494 Public and publicly guaranteed 298 3,822 9,155 9,220 8,984 8,994 9,400 9,779 9,369 8,998 Official creditors 260 3,293 7,500 7,637 7,508 7,541 7,765 7,921 7,776 7,521 Multilateral 104 634 1,723 1,855 1,889 1,959 2,064 2,133 2,084 2,001 Concessional 12 368 1,549 1,686 1,719 1,788 1,880 1,928 1,871 1,798 Bilateral 157 2,659 5,777 5,782 5,618 5,582 5,701 5,787 5,692 5:521 Concessional 127 1,361 2,903 2,913 2,878 2.883 2,895 2,910 2,879 2,838 Private creditors 38 529 1,655 1,583 1,476 1,453 1,635 1,859 1,594 1,477 Bonds 1 0 0 0 0 0 0 0 0 0 Commercial banks 27 298 1,651 1,579 1,472 1,449 1,631 1.855 1,590 1,473 Other private 9 231 4 4 4 4 4 4 4 4 Private nonguaranteed 0 325 496 496 496 496 496 496 496 496 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 325 496 496 496 496 496 496 496 496 Memo: IBRD 91 46 19 15 9 6 6 6 6 6 IDA 12 190 1,028 1,105 1,133 1,205 1,251 1,272 1,244 1,198 DISBURSEMENTS 53 711 185 128 108 101 12 51 17 5 Public and publicly guaranteed 53 711 185 128 108 101 12 51 17 5 Official creditors 50 566 185 128 108 101 12 51 17 5 Multilateral 15 189 185 128 108 101 12 51 17 5 Concessional 0 80 180 129 93 95 10 27 2 0 Bilateral 35 377 0 0 0 0 0 0 0 0 Concessional 15 190 0 0 0 0 0 0 0 0 Private creditors 2 145 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 108 0 0 0 0 0 0 0 0 Other private 2 37 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 15 1 0 0 0 0 0 0 0 0 IDA 0 37 121 76 61 74 8 0 0 0 PRINCIPAL REPAYMENTS 22 53 15 12 14 9 3 15 0 0 Public and publicly guaranteed 22 53 1s 12 14 9 3 15 0 0 Official creditors 1 7 46 15 12 14 9 3 15 0 0 Multilateral 4 15 15 12 14 9 3 15 0 0 Concessional 0 3 4 6 8 5 3 9 0 0 Bilateral 13 32 0 0 0 0 0 0 0 0 Concessional 5 1 1 0 0 0 0 0 0 0 0 Private creditors 5 7 0 0 0 0 0 0 0 0 Bonds 1 0 0 0 0 0 0 0 0 0 Commercial banks 3 4 0 0 0 0 0 0 0 0 Other private 1 3 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 4 4 10 5 5 3 0 0 0 0 IDA 0 0 4 6 6 4 0 0 0 0 NET FLOWS ON DEBT 31 658 171 116 94 91 9 36 17 5 Public and publicly guaranteed 31 658 171 116 94 91 9 36 17 5 Official creditors 33 520 171 116 94 91 9 36 17 5 Multilateral 11 174 171 116 94 91 9 36 17 5 Concessional 0 77 176 123 85 90 7 18 2 0 Bilateral 23 346 0 0 0 0 0 0 0 0 Concessional 10 179 0 0 0 0 0 0 0 0 Private creditors -3 138 0 0 0 0 0 0 0 0 Bonds -1 0 0 0 0 0 0 0 0 0 Commercial banks -3 104 0 0 0 0 0 0 0 0 Other private 1 33 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonids 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD I11 -3 -10 -5 -5 -3 0 0 0 0 IDA 0 37 117 71 55 70 8 0 0 0 514 SUDAN (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 12 49 9 10 11 8 0 2 0 0 Public and publicly guaranteed 12 49 9 10 it 8 0 2 0 0 Official creditors 10 44 9 10 Ii1 8 0 2 0 0 Multilateral 5 8 9 10 I11 8 0 2 0 0 Concessional 0 2 7 8 10 6 0 1 0 0 Bilateral 5 35 0 0 0 0 0 0 0 0 Concessional 3 26 0 0 0 0 0 0 0 0 Private creditors 2 5 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 2 0 0 0 0 0 0 0 0 Other private 0 3 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 5 4 2 1 1 0 0 0 0 0 IDA 0 1 6 8 8 6 0 0 0 0 NET TRANSFERS ON DEBT 18 609 162 106 83 84 9 34 17 4 Public and publicly guaranteed 18 609 162 106 83 84 9 34 17 4 Official creditors 23 476 162 106 83 84 9 34 17 4 Multilateral 6 166 162 106 83 84 9 34 17 4 Concessional 0 75 169 114 76 84 7 17 2 0 Bilateral 18 310 0 0 0 0 0 0 0 0 Concessional 6 153 0 0 0 0 0 0 0 0 Private creditors -5 133 0 0 0 0 0 0 0 0 Bonds -1 0 0 0 0 0 0 0 0 0 Commercial banks -5 102 0 0 0 0 0 1)0 0 Other private 1 31 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comnmercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 6 -7 -11 -6 -6 -4 0 0 0 0 IDA 0 35 110 62 47 64 8 0 0 0 DEBT SERVICE (LTDS) 34 102 23 22 25 17 3 17 0 0 Public and publicly guaranteed 34 102 23 22 25 17 3 17 0 0 Official creditors 27 90 23 22 25 17 3 17 0 0 Multilateral 9 23 23 22 25 17 3 17 0 0 Concessional 0 5 10 14 18 11 3 10 0 0 Bilateral 18 67 0 0 0 0 0 0 0 0 Concessional 9 37 0 0 0 0 0 0 0 0 Private creditors 7 12 0 0 0 0 0 0 0 0 Bonids 1 0 0 0 0 0 0 0 0 0 Comnmercial banks 5 6 0 0 0 0 0 0 0 0 Other private 1 6 00 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo): IBRD 9 8 11 6 6 4 0 0 0 0 IDA 0 1 10 14 14 10 0 0 0 0 UNDISBURSED DEBT 126 1,310 1,284 1,028 908 801 678 634 583 562 Official creditors 122 1,167 1,284 1,028 908 801 678 634 583 562 Private creditors 5 143 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 139 1,730 4,452 4,599 4,597 4.6?1 4,775 4,838 4,750 4,636 Variable rate LDOD 0 408 1,927 1,865 1,772 1,752 1,909 2,103 1,874 1,772~ Public sector LDOD 298 3,820 9,155 9,2220 8,984 8,994 9,400 9,779 9,369 8,998 Private sector LDOD 0 327 496 496 496 496 496 496 496 496 6. ( [RKEN( N COMPOSITION OF LO%G-1 ERM DEBI i IPFRCENTri Deutsche mark 6.9 0.5 1.0 1.0 0.9 0.9 0.9 1.0 0.9 0.8 French franc 0.0 2.3 3.4 3.3 3.2 3.0 3.2 3.3 3.2 3.0 Japanese yen 0.0 2.0 2.3 2.5 2.6 2.9 3.1 2.9 2.7 2.5 Pound sterling 15.4 7.0 4.3 4.1 3.6 3.5 3.5 3.4 3.7 3.8 Swiss franc 0.0 0.6 18.6 17.7 16.9 16.6 17.9 19.6 17.5 16.9 U.S.dollars 12.4 54.4 48.1 48.6 50.2 50.9 49.3 47.6 49.3 50.8 Multiple currency 30.6 2.0 1.2 1.2 1.4 1.4 1.4 1.5 1.6 1.6 Special drawing rights 0.0 0.0 0. 0.5 0.5 0.5 0.5 0.5 0.5 0.5 All other currencies 34.6 31.1 20.6 21.1 20.8 20.4 20.3 20.3 20.5 20.1 515 SUDAN (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 Total amount rescheduled 0 0 0 U U 0 U 0 0 Debt stock rescheduled 0 0 0 U U 0 0 0 U Principal rescheduled U U U U U U U U U Official U - 0 0 0 0 0 0 0 0 Private U 0 0 0 U 0 0 0 U Interest rescheduled 0 U U U U U 0 0 U Official U U U U U U 0 U U Private U 0 U U U U 0 0 0 Debt forgiven .. U U U U 0 U 0 Memo: initerest forgiven U U U U U U U U Debt stock reduction U 0 0 0 0 0 0 U U of which debt buyback U U U U U U 0 0 0 S. DEll .NTOCK-FL01% RECONCILLA I'I)N Total change in debt stocks 1,403 465 224 386 1,082 685 -631 -646 Net flows on debt 169 116 272 91 9 U -119 -157 Net change in interest arrears 645 395 319 377 618 324 -54 -59 Interest capitalized 0 0 U 0 0 U U U Debt forgiveness or reduction 0 0 U 0 0 U U U Cross-currency vatluation 597 -86 -306 -58 397 380 -333 -307 Residual ... -8 39 -62 -24 57 -18 -126 -123 9. _%%FR.ACE TERAIS 0E NE1I COMMITNlTE.\I'N ALL CREDITORS Interest (%) 1.8 5.7 0.7 3.8 8.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 17.1 17.9 40.5 37.8 32.5 0.0 0.0 0.0 0.0 0.0 Grace period (years) 8.7 4.6 10.5 8.4 4.0 0.0 0.0 0.0 0.0 0.0 Grant element I%) 54.5 30.1 81.0 52.7 13.4 0.0 0.0 0.0 0.0 0.0 Official creditors IntCerSt (% 1.5 3.7 0.7 3.8 8.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 17.7 22.7 40.5 37.8 32.5 0.0 0.0 0.0 0.0 0.0 Grace period (years) 9.1 5.9 10.5 8.4 4.0 0.0 0.0 0.0 0.0 0.0 Grant eleMent (%) 57.1 40.7 81.0 52.7 13.4 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 5.6 12.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 9.2 2.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 3.6 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 17.5 -3.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 98 905 35 61 39 0 0 0 0 0 Official creditors 9 1 687 35 61 39 0 0 0 0 0 Private creditors 7 218 0 0 0 0 0 0 0 0 HI. CON- IRAcT %L OBI.[R,.A- I0ONS 03% OL'T`S1 A%NDING(1 L0.N-G-TERNI DULB- 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 35 19 9 3 0 0 0 0 0 0 Principal 244 179 138 95 90 90 87 83 80 75 Interest 79 65 57 52 49 47 44 42 39 37 Official creditors Disbursements 35 19 9 3 0 0 0 0 0 0 Principal 244 179 138 95 90 90 87 83 80 75 Interest 79 65 57 52 49 47 44 42 39 37 Bilateral creditors Disbursements 3 2 0 0 0 U 0 0 0 0 Principal 177 133 89 43 42 41 41 38 35 31 Interest 59 48 40 36 34 32 30 28 27 25 Multilateral creditors Disbursements 32 17 9 3 0 0 0 0 0 0 Principal 67 46 49 52 48 48 46 45 45 44 Interest 20 18 17 16 15 15 14 13 13 12 Private creditors Disbursements 0 0 0 0 U 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 a U U Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 U 0 0 U 0 0 Interest U U 0 0 U 0 0 0 0 0 516 SWAZILAND (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 i. SLIMlMAR'I DEBT D.vf A TOTAL DEBT STOCKS (EDT) .. 209.5 253.8 245.3 222.1 207.6 219.6 234.9 221.7 368.2 Long-term debt (LDOD) 37.0 188.8 249.2 240.5 215.7 200.0 210.2 223.0 219.6 210.1 Public and publicly guaranteed 37.0 188.8 249.2 240.5 215.7 200.0 210.2 223.0 219.6 210.1 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 5.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 15.0 4.6 4.8 6.4 7.6 9.4 11.9 2.1 158.1 of which interest arrears on LDOD .. 0.0 0.1 0.8 1.6 2.0 3.0 1.3 0.2 0.1 Official creditors .. 0.0 0.1 0.8 1.6 2.0 3.0 1.3 0.2 0.1 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears On LDOD .. 0.0 0.2 1.9 3.9 3.9 4.1 4.5 1.2 1.1 Official creditors .. 0.0 0.2 1.7 3.6 3.0 3.5 4.2 1.2 1.1 Private creditors .. 0.0 0.0 0.2 0.3 0.9 0.5 0.3 0.0 0.0 Memo: export credits ... 28.0 28.0 20.0 18.0 18.0 14.0 19.0 22.0 TOTAL DEBT FLOWS Disbursements 4.6 31.2 15.0 15.0 7.1 8.0 16.2 19.2 29.0 24.6 Long-term debt 3.5 28.5 15.0 15.0 7.1 8.0 16.2 19.2 29.0 24.6 IMF purchases 1.1 2.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments 2.5 7.5 36.2 21.2 17.0 17.0 19.9 16.1 21.0 16.3 Long-term debt 1.5 7.5 35.8 21.1 17.0 17.0 19.9 16.1 21.0 16.3 IMF repurchases 1.0 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt 2.1 23.6 -37.9 -6.6 -9.0 -8.2 -2.9 7.4 -0.9 164.4 of which short-term debt ... -16.7 -0.4 0.8 0.8 0.8 4.3 -8.8 156.1 Interest payments (INT) .. 10.6 10.7 8.5 7.9 6.8 6.2 5.5 12.0 15.1 Long-term debt 1.9 9.0 10.3 8.2 7.6 6.6 6.0 5.1 11.7 7.3 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 1.6 0.4 0.3 0.3 0.3 0.2 0.4 0.3 7.8 Net transfers on debt .. 13.0 -48.6 -15.1 -16.9 -15.1 -9.1 1.9 -12.9 149.2 Total debt service paid ITDS) .. 18.1 46.9 29.6 24.8 23.9 26.1 21.6 33.1 31.5 Long-term debt 3.4 16.5 46.1 29.3 24.6 23.6 25.9 21.2 32.8 23.7 IMF repurchases and charges 1.0 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 1.6 0.4 0.3 0.3 0.3 0.2 0.4 0.3 7.8 2. .%GGREG.%'TE NEl1 RFSOLIRCE FLO'sl s ANI) NET TRK %NSFLRS ULONG-TERM11 NET RESOURCE FLOWS 5.3 59.3 29.3 93.8 99.2 79.6 70.3 45.4 39.7 98.9 Net flow of long-term debt (ex. IMP) 2.0 21.0 -20.8 -6.2 -9.8 -9.0 -3.7 3.1 7.9 8.3 Foreign direct investment (net) 0.0 26.5 30.0 83.0 83.0 70.0 56.0 26.0 13.0 75.0 Portfolio equity flows 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) 3.3 11.8 20.1 17.0 26.0 18.6 18.0 16.3 18.8 15.6 Memo: technical coop. grants 1.9 22.4 28.5 33.0 30.0 31.5 23.6 28.0 23.4 15 .2 official net resource flows 6.3 35.4 1.2 12.4 17.7 11.1 15.9 19.7 27.0 23.9 private net resource flows -1.0 23.9 28.1 81.5 81.4 68.5 54.5 25.7 12.7 75.0 NET TRANSFERS 3.4 23.1 -89.1 -11.1 -2.8 -23.0 -35.7 -62.7 -71.0 -8.5 Interest on lonig-term debt 1.9 9.0 10.3 8.2 7.6 6.6 6.0 5.1 11.7 7.3 Profit remnittances on FDI 0.0 27.2 108.1 96.8 94.3 96.0 100.0 103.0 99.0 100.0 Memo: official net transfers 5.5 28.3 -8.3 4.7 10.5 4.9 10.1 14.7 15.3 16.6 private net transfers -2.1 -5.3 -80.8 -15.8 -13.4 -27.9 -45.7 -77.4 -86.3 -25.0 3. MMOR ECONONIC G;RGfE' Gross national product (GNP) 98.7 587.6 918.8 1.003.3 1,062.9 1,036.3 1,045.8 1,348.6 1,334.2 1,447.4 Exports of goods & services (XGS) .. 450.7 819.6 949.9 934.1 932.7 1,056.2 1,192.1 1,171.7 1,257.4 of which workers remittances .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Imports of goods & services (MGS) .. 659.2 836.6 978.8 1,061.0 1,152.2 1,178.4 1,300.7 1,344.0 1,455.7 International reserves (RES) . .. .. .. Current account balance .. -129.7 84.6 80.1 0.4 -63.7 34.4 30.1 -30.1 -49.1 4. DEllT INDIC ATlORS EDT!XGS (% . 46.5 31.0 25.8 23.8 22.3 20.8 19.7 18.9 29.3 EDT! GNP (% . 35.7 27.6 24.4 20.9 20.0 21.0 17.4 16.6 25.4 TDS /XGS (% . 4.0 5.7 3.1 2.7 2.6 2.5 1.8 2.8 2.5 INT/XGS (%1.24 1.3 0.9 0.8 0.7 0.6 0.5 1.0 1.2 INT GNP (% . 1.8 1.2 0.8 0.7 0.7 0.6 0.4 0.9 1.0 RES/EDT(% .. .. .. .. RES /MGS (months) ...... .... Short-termn /. EDT (%) .. 7.2 1.8 2.0 2.9 3.7 4.3 5.1 0.9 42.9 Concessional / EDT (% . 41.0 62.9 63.9 65.7 65.0 69.7 71.0 69.4 38.2 Multilateral I EDT (%) .. 29.5 47.1 48.5 50.3 52.4 53.6 51.8 58.4 36.2 517 SWAZILAND (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. -ONG- TERM DERI' DEBT OUTSTANDING (LDOD) 37.0 188.8 249.2 240.5 215.7 200.0 210.2 223.0 219.6 210.1 Public and publicly guaranteed 37.0 188.8 249.2 240.5 215.7 200.0 210.2 223.0 219.6 210.1 Official creditors 20.9 164.6 242.4 235.3 212.1 198.0 209.6 222.7 219.6 210.1 Muitilateral 8.9 61.8 119.5 119.0 111.8 108.8 117.6 121.6 129.5 133.3 Concessional 2.8 16.7 46.0 47.7 50.4 49.1 63.4 66.9 64.9 64.5 Bilateral 12.0 102.8 123.0 116.3 100.3 89.3 92.0 101.1 90.1 76.7 Concessional 9.4 69.1 113.7 109.1 95.5 86.0 89.7 99.8 89.1 76.0 Private creditors 16.1 24.2 6.8 5.2 3.6 2.0 0.5 0.3 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 14.8 23.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 1.3 0.4 6.8 5.2 3.6 2.0 0.5 0.3 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 6.1 171.7 36.9 33.3 27.6 23.5 20.9 19.2 14.5 9.9 IDA 2.8 71.5 6.8 6.6 6.5 6.3 6.2 5.9 5.7 5.4 DISBURSEMENTS 3.5 28.5 15.0 15.0 7.1 8.0 16.2 19.2 29.0 24.6 Public and publicly guaranteed 3.5 28.5 15.0 15.0 7.1 8.0 16.2 19.2 29.0 24.6 Official creditors 3.5 28.5 15.0 15.0 7.1 8.0 16.2 19.2 29.0 24.6 Multilateral 0.4 15.4 9.1 10.9 7.0 7.2 13.1 7.9 26.3 22.9 Concessional 0.0 0.3 3.6 3.0 5.8 0.7 12.5 3.5 3.2 4.5 Bilateral 3.1 13.1 5.9 4.0 0.1 0.8 3.1 11.3 2.7 1.7 Concessional 3.1 8.2 5.9 4.0 0.1 0.8 3.1 11.3 2.7 1.7 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial baniks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.4 2.1 1.0 0.2 0.0 0.0 0.0 0.0 2.7 1.3 IDA 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 PRINCIPAL REPAYMENTS 1.5 7.5 35.8 21.1 17.0 17.0 19.9 16.1 21.0 16.3 Public and publicly guaranteed 1.5 7.5 35.8 21.1 17.0 17.0 19.9 16.1 21.0 16.3 Official creditors 0.5 4.9 33.9 19.6 15.4 15.5 18.4 15.8 20.8 16.3 Multilateral 0.2 1.2 26.8 11.8 8.0 8.6 11.8 8.4 12.1 9.6 Concessional 0.0 0.1 1.1 1.4 0.6 1.2 1.3 1.7 2.3 1.7 Bilateral 0.3 3.7 7.1 7.8 7.4 6.9 6.5 7.4 8.7 6.7 Concessional 0.2 1.2 4.4 6.1 5.9 5.7 5.5 6.4 8.3 6.4 Private creditor s 1.0 2.6 1.9 1.5 1.6 1.5 1.5 0.3 0.3 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.9 2.5 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.1 0.1 1.7 1.5 1.6 1.5 1.5 0.3 0.3 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.2 0.7 20.4 4.0 4.0 4.1 4.4 3.5 5.8 4.8 IDA 0.0 0.0 0.2 0.2 0.1 0.2 0.2 0.3 0.3 0.3 NET FLOWS ON DEBT 2.0 21.0 .20.8 -6.2 -9.8 -9.0 -3.7 3.1 7.9 8.3 Public and publicly guaranteed 2.0 21.0 -20.8 -6.2 .9.8 .9.0 -3.7 3.1 7.9 8.3 Official creditors 3.0 23.6 -18.9 -4.6 -8.3 -7.5 -2.1 3.4 8.2 8.3 Multilateral 0.2 14.3 -17.7 -0.8 -1.0 -1.4 1.3 -0.5 14.2 13.2 Concessional 0.0 0.2 2.5 1.6 5.1 -0.5 11.1 1.8 0.9 2.8 Bilateral 2.8 9.4 -1.2 -3.8 -7.2 -6.1 -3.4 3.9 -6.0 -5.0 Concessional 2.9 7.0 1.5 -2.1 -5.8 -4.9 -2.4 4.9 -5.7 -4.6 Private creditors -1.0 -2.6 -1.9 -1.5 -1.6 -1.5 -1.5 -0.3 -0.3 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks -0.9 -2.5 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private -0.1I -0. 1 -1.7 -1.5 -1.6 -1.5 -1.5 -0.3 -0.3 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 00n 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.2 1.3 -19.4 -3.8 -4.0 -4.1 -4.4 -3.5 -3.1 -3.4 IDA 0.0 0.3 -0.2 -0.2 -0. 1 -0.2 -0.2 -0.3 -0.3 -0.3 518 SWAZILAND (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 1.9 9.0 10.3 8.2 7.6 6.6 6.0 5.1 11.7 7.3 Public and publicly guaranteed 1.9 9.0 10.3 8.2 7.6 6.6 6.0 5.1 11.7 7.3 Official creditors 0.8 7.1 9.5 7.7 7.2 6.2 5.8 5.0 11.7 7.3 Multilateral 0.4 3.1 6.6 5.1 4.6 4.3 4.0 3.2 10.0 5.6 Concessional 0.0 0.1 0.5 0.5 0.2 0.4 0.4 0.4 1.3 0.7 Bilateral 0.4 3.9 2.9 2.7 2.5 1.9 1.8 1.8 1.7 1.7 Concessional 0.2 0.7 1.7 1.9 1.8 1.4 1.5 1.6 1.6 1.6 Private creditors 1.1 2.0 0.8 0.5 0.5 0.4 0.2 0.1 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 1.1 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.1 0.0 0.8 0.5 0.5 0.4 0.2 0.1 0.0 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.4 1.8 3.6 2.7 2.4 2.1 1.8 1.2 1.6 1.1 IDA 0.0 0.1 0. 0.1 0.0 0.1 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT 0.1 12.0 -31.1 -14.3 -17.5 -15.6 -9.7 -2.0 -3.8 0.9 Public and publicly guaranteed 0.1 12.0 -31.1 .14.3 -17.5 -15.6 -9.7 -2.0 -3.8 0.9 Official creditors 2.2 16.6 -28.4 -12.3 -15.4 -13.7 -8.0 -1.6 -3.5 0.9 Multilateral -0.2 11.1 -24.2 -5.9 -5.7 -5.7 -2.7 -3.7 4.3 7.6 Concessional 0.0 0.1 2.0 1.2 4.9 -0.9 10.7 1.4 -0.4 2.1 Bilateral 2.4 5.4 -4.1 -6.4 -9.8 -8.0 -5.3 2.1 -7.8 -6.6 Concessional 2.7 6.3 -0.2 -4.0 -7.6 -6.3 -3.9 3.3 -7.3 -6.2 Private creditors -2.1 -4.6 -2.7 -2.0 -2.0 -1.9 -1.7 -0.4 -0.3 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks -2.0 -4.4 -0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private -0.1 -0.2 -2.5 -2.0 -2.0 -1.9 -1.7 -0.4 -0.3 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD -0.2 -0.4 -23.0 -6.5 -6.4 -6.2 -6.3 -4.8 -4.8 -4.5 IDA 0.0 0.2 -0.2 -0.2 -0.2 -0.2 -0.2 -0.3 -0.3 -0.3 DEBT SERVICE (LTDS) 3.4 16.5 46.1 29.3 24.6 23.6 25.9 21.2 32.8 23.7 Public and publicly guaranteed 3.4 16.5 46.1 29.3 24.6 23.6 25.9 21.2 32.8 23.7 Official creditors 1.3 11.9 43.4 27.3 22.6 21.7 24.2 20.8 32.5 23.7 Multilateral 0.6 4.3 33.4 16.9 12.7 12.9 15.8 11.6 22.1 15.3 Concessional 0.0 0.2 1.6 1.8 0.9 1.6 1.7 2.1 3.6 2.4 Bilateral 0.7 7.6 10.0 10.5 9.9 8.8 8.4 9.2 10.4 8.4 Concessional 0.4 1.8 6.1 8.0 7.7 7.1 7.1 8.0 9.9 8.0 Private creditors 2.1 4.6 2.7 2.0 2.0 1.9 1.7 0.4 0.3 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 2.0 4.4 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private 0.1 0.2 2.5 2.0 2.0 1.9 1.7 0.4 0.3 0.0 Private nonguaranteed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.5 2.5 24.1 6.7 6.4 6.2 6.3 4.8 7.5 5.8 IDA 0.0 0.1 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.3 UNDISBURSED DEBT 0.0 64.8 68.6 54.1 51.5 111.2 120.9 132.7 134.1 103.1 Official creditors 0.0 64.8 68.6 54.1 51.5 111.2 120.9 132.7 134.1 103.1 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD 12.2 85.8 159.7 156.8 145.9 135.1 153.1 166.7 154.0 140.6 Variable rate LDOD 0.0 23.8 8.1 7.7 6.8 6.2 5.9 5.3 6.7 6.8 Public sector LDOD 37.0 188.8 249.2 240.5 215.7 200.0 210.2 223.0 219.6 210.1 Private sector LDOD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. URRENCY COM)NPOSIFI)ONIF LON(U-TItRM DFBT iPERCE%'rF Deutsche mark 0.0 12.7 16.7 16.3 16.1 15.3 16.9 20.7 19.5 17.6 French franc 0.0 0.0 1.5 1.5 1.4 1.4 1.3 1.2 1.0 0.9 Japanese yen 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling 38.1 20.4 10.4 9.7 7.8 6.8 5.9 4.9 4.5 3.6 Swiss franc 0.0 12.6 0.0 0.0 0.0 0. 0.0 0.0 0.0 0.0 U.S.dollars 7.6 11.4 13.1 13.3 13.7 13.4 11.7 10.5 10.0 9.8 Multiple currency 16.5 17.0 33.7 33.3 35.0 37.0 39.1 38.5 42.8 47.9 Special drawing rights 0.0 0.0 2.2 2.5 2. 7 2. 6 2.8 2.6 2.3 2.8 All other currencies 37.8 26.0 22.3 23.2 23.2 23.3 22.5 21.6 19.9 17.5 519 SWAZILAND (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 2996 1997 Total aount rschedued 0.0 0.0 0. 0.0 0sRUTUI .0S. . . . . Debta stounk rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Prinstcipk rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Offincipal rshdld0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Prfiviate 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official 0.0 0.0 0.0 0.0 0.0 0.0 0. 0.0 0.0 0.0 Private 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8l. D)EB-I s FO(.K-FE.O%% RECONCILL.VI ION Total change in debt stocks ... -16.0 -8.5 -23.2 -14.5 12.0 15.3 -13.2 146.5 Net flows on debt ... -37.9 -6.6 -9.0 -8.2 -2.9 7.4 -0.9 164.4 Net change in interest arrears ... 0.1 0.7 0.8 0.4 1.0 -1.8 -1.1 0.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuiation ... 15.6 -3.7 -12.6 -7.3 9.8 7.8 -9.1 -12.4 Residual ... 6.0 1.1 -2.3 0.6 4.0 1.8 -2.1 -5.5 9. V% RAG;E TERNIS OF NE%~ CONIN !il%IL.NTS ALL CREDITORS Interest (% 0.0 7.2 0.0 2.0 8.0 6.4 0.9 7.1 7.3 0.0 Maturity (years) 2S.S 225 0f0 38.8 17.7 22.6 38.4 19.5 20.2 0.0 Grace period (years) 7.7 6.3 0.0 8.8 3.7 4.6 9.7 5.0 5.2 0.0 Grant element (%) 76.8 20.1 0.0 68.1 10.7 25.7 77.9 18.1 16.9 0.0 Ofricial creditors Interest (%) 0.0 7.2 0.0 2.0 8.0 6.4 0.9 7.1 7.3 0.0 Maturity (years) 25.5 22.5 0.0 38.8 17.7 22.6 38.4 19.5 20.2 0.0 Grace period (years) 7.7 6.3 0.0 8.8 3.7 4.6 9.7 5.0 5.2 0.0 Grant element (%) 76.8 20.1 0.0 68.1 10.7 25.7 77.9 18.1 16.9 0.0 Private creditors Interest (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 3.1 16.9 0.0 10.6 8.5 75.4 18.9 29.0 35.9 0.0 Official creditors 3.1 16.9 0.0 10.6 8.5 75.4 18.9 29.0 35.9 0.0 Private creditors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Inl. CONTR( TFUAL Ofi-6.IUTIONS ON oIrT%i .l~ .ONGI.-rERMI DEBII 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 21.4 28.2 19.5 12.9 8.8 6.4 3.2 1.4 1.0 0.1 Principal 17.1 16.7 16.4 18.4 18.4 16.8 16.8 16.8 16.8 16.8 Interest 7.9 8.8 9.3 9.3 8.9 8.3 7.7 7.0 6.3 5.5 Ofricial creditors Disbursements 21.4 28.2 19.5 12.9 8.8 6.4 3.2 1.4 1.0 0.1 Principal 17.1 16.7 16.4 18.4 18.4 16.8 16.8 16.8 16.8 16.8 Interest 7.9 8.8 9.3 9.3 8.9 8.3 7.7 7.0 6.3 5.5 Bilateral creditors Disbursements 0.9 0.4 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Principal 6.5 6.4 6.0 5.8 5.2 4.6 4.4 4.4 4.4 4.4 Interest 1.5 1.3 1.2 1.1 1.0 0.9 0.8 0.7 0.7 0.6 Multilateral creditors Disbursements 20.5 27.8 19.3 12.8 8.8 6.4 3.2 1.4 1.0 0.1 Principal 10.6 10.2 10.5 12.6 13.3 12.2 12.4 12.4 12.4 12.4 Interest 6.4 7.4 8.1 8.2 7.9 7.4 6.9 6.3 5.6 4.9 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbuirsements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 520 SYRIAN ARAB REPUBLIC (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SLiINMAR'1 DEBT DATA TOTAL DEBT STOCKS (EDT) .. 3,552 17,068 18,942 19,017 19,976 20,558 21,318 21,420 20,865 Long-term debt (LDOD) 233 2,921 14,917 16,353 15,913 16,235 16,540 16,757 16,698 16,254 Public and publicly guaranteed 233 2,921 14,917 16,353 15,913 16,235 16,540 16,757 16,698 16,254 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use ofIMF credit 10 0 0 0 0 0 0 0 0 0 Short-term debt .. 631 2,151 2,589 3,104 3,741 4,018 4,562 4,722 4,611 of which interest arrears on LDOD 0 460 688 912 1,149 1,400 1,633 1,822 1,976 Official creditors ..0 407 622 833 1,045 1,281 1,502 1,685 1,838 Private creditors ..0 53 66 78 104 119 131 137 138 Memo: principal arrears on LDOD ..0 864 1,712 2,588 3,512 4,563 5,654 6,638 7,410 Official creditors ..0 580 1,350 2.125 2,887 3,824 4,831 5,727 6,447 Private creditors ..0 284 362 463 626 739 823 910 963 Memo: export credits ... 360 360 391 665 695 675 439 377 TOTAL DEBT FLOWS Disbursements 63 1,147 196 1,535 193 223 265 242 168 104 Long-term debt -60 1,147 196 1,535 193 223 265 242 168 104 IMF purchases 3 0 0 0 0 0 0 0 0 0 Principal repayments 31 225 1,137 338 139 102 129 92 77 362 Long-term debt 31 225 1,137 338 139 102 129 92 77 362 IMF repurchases 0 0 0 0 0 0 0 0 0 0 Net flows on debt 32 922 -733 1,408 345 522 163 460 63 -523 of which short-term debt ... 208 210 291 400 26 311 -29 -265 Interest payments (INT) .. 157 135 139 166 182 269 201 178 202 Long-term debt 6 77 54 46 68 72 100 62 48 63 IMF charges 0 0 0 0 0 0 0 0 0 0 Short-term debt .. 80 82 93 98 110 169 139 130 138 Net transfers on debt .. 765 -869 1,269 179 340 -107 259 -115 -725 Total debt service paid (TDS) .. 382 1,273 476 305 283 398 293 254 563 Long-term debt 37 302 1,191 383 207 174 229 155 124 425 IMF repurchases and chargzes 0 0 0 0 0 0 0 0 0 0 Short-term debt (interest only) .. 80 82 93 98 110 169 139 130 138 2.-AGGREG UT NET RESOURCE FLO" S. AND NET TR-ANSFERS ALONG-T ERM' NET RESOURCE FLOWS 41 2,573 -250 1,407 80 344 506 320 222 -108 Net flow of long-term debt (ex. IMF) 29 922 -941 1,198 54 122 137 149 92 -258 Foreign direct investment (net) 0 0 71 0 0 176 251 100 89 80 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 11 1,651 621 209 26 46 118 70 41 70 Memo: technical coop. grants 8 26 32 33 69 62 63 83 74 49 official net resource flows 11 2,531 -268 1,465 133 196 281 242 145 -176 private net resource flows 30 42 18 -58 -53 148 225 78 77 69 NET TRANSFERS 35 2,496 -303 1,361 12 272 406 257 174 -171 Interest on long-term debt 6 77 54 46 68 72 100 62 48 63 Profit remittances onFDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers 9 2,485 -305 1,432 73 129 185 182 99 -238 private net transfers 26 11 1 -72 -60 143 221 75 75 67 3. N1.kIOR ECONION1IC AGGREGATES Gross national product (GNP) 24138 13,074 11,522 12,204 12,278 12,724 14.024 15,856 15,456 16,509 ExportS of goods & services (XGS) .. 3.341 5.460 4,917 4,999 5,166 5,830 6,281 6,545 6,082 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 4,610 3,786 4,452 5,257 5,805 7,212 6,521 7,004 6,017 International reserves (RES) 57 828 . .. .. Current account balance .. 251 1,762 699 55 -579 -791 367 165 564 4. DEBT INDICAFORS EDT I XGS (% . 106.3 312.6 385.2 380.4 386.7 352.6 339.4 327.3 343.1 EDT /GNP (% . 27.2 148.1 155.2 154.9 157.0 146.6 134.5 138.6 126.4 TDS /XGS (% . 11.4 23.3 9.7 6.1 5.5 6.8 4.7 3.9 9.3 INT /XGS (% . 4.7 2.5 2.8 3.3 3.5 4.6 3.2 2.7 3.3 INT/GNP (% . 1.2 1.2 1.1 1.4 1.4 1.9 1.3 1.2 1.2 RES/EDT(% . 23.3............ RES /MGS (months) .. 2.2......... Short-term / EDT (%) .. 17.8 12.6 13.7 16.3 18.7 19.5 2?1.4 22.0 22.1 Concessional / EDT (% . 51.9 76.5 76.8 75.1 72.6 72.1 70.6 70.4 71.8 Multilateral / EDT (%) .. 8.8 5.1 4.5 4.4 4.2 4.5 4.8 4.8 3.4 521 SYRIA,N ARAB REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5.LON(G-IERM% DEB I DEBT OUTSTANDING (LDOD) 233 2,921 14,917 16,353 15,913 16,235 16,540 16,757 16,698 16,254 Public and publicly guaranteed 233 2,921 14,917 16,353 15,913 16,235 16,540 16,757 16,698 16,254 Official creditors 59 2,165 13.744 15,238 14,875 15,058 15.370 15,601 15,553 15,138 Multilateral 4 311 877 860 834 835 918 1,031 1,030 718 Concessional 4 89 185 179 237 275 381 485 552 563 Bilateral 55 1,854 12,868 14,378 14,041 14,223 14,452 14,570 14,523 14.420 Concessional 35 1,753 12,868 14,376 14,041 14,222 14,450 14,568 14,521 14,419 Private creditors 174 756 1,173 1.115 1,039 1,177 1,170 1,156 1,145 1,116 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 174 756 1,173 1,115 1,039 1,177 1,170 1,156 1,145 1.116 Private nonguarauteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Comomercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 215 479 485 433 419 405 428 383 85 IDA 4 42 44 44 44 44 44 44 44 34 DISBURSEMENTS 60 1,147 196 1,535 193 223 265 242 168 104 Public and publicly guaranteed 60 1,147 196 1,535 193 223 265 242 168 104 Official creditors 9 972 159 1,515 190 223 265 242 168 104 Multilateral 3 64 30 7 79 47 123 123 90 55 Concessional 3 2 8 2 77 47 122 122 90 54 Bilateral 6 907 128 1,508 ill 176 142 118 78 49 Concessional 5 900 128 1,508 ill 174 142 118 78 49 Private creditors 51 176 37 21 3 1 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commtrercial banks 0) 0 0 0 0 0 0 0 0 0 Other private 51 176 37 21 3 1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 60 0 0 0 0 0 0 0 0 IDA 3 2 0 0 0 0 0 0 0 0 PRINCIPAIL REPAYMENTS 31 225 1,137 338 139 102 129 92 77 362 Public and publicly guaranteed 31 225 1,137 338 139 102 129 92 77 362 Official creditors 10 92 1,048 259 83 73 103 70 65 350 Multilateral 0 4 32 31 61 52 85 53 40 313 Concessional 0 1 12 11 11 14 18 20 20 33 Bilateral 10 88 1,016 228 22 21 17 17 25 37 Concessional 5 31 1,016 227 20 21 17 17 25 37 Private creditors 21 133 90 79 56 29 26 22 12 11 Bonds 0 0 000 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 21 133 90 79 56 29 26 22 12 1 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commsercialhbanks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 3 1 0 29 19 49 13 0 262 IDA 0 0 20 0 0 0 0 0 10 NET FLOWS ON DEBT 29 922 -941 1,198 54 122 137 149 92 -258 Public and publicly guaranteed 29 922 -941 1,198 54 122 137 149 92 -258 Official creditors -1 880 -889 1,256 107 150 163 172 104 -246 Multilateral 3 60 -2 -24 18 -5 38 71 51 -259 Concessional 3 2 -4 -8 67 33 104 102 70 22 Bilateral -3 820 -887 1,280 89 155 125 101 53 12 Concessional 0 869 -887 1,281 91 153 125 101 53 12 Private creditors 30 42 -53 -58 -53 -28 -26 -22 -12 -11 Bonds 0 0 0 0 0 0 0 0 0 0 Commsercialhbanks 0 0 0 0 0 0 0 0 0 0 Other private 30 42 -53 -58 -53 -28 -26 -22 -12 -11 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commsercialhbanks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 57 -1 0 -29 -19 -49 -13 0 -262 IDA 3 2 -2 0 0 0 0 0 0 -10 522 SYRIAN ARAB REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 6 77 54 46 68 72 100 62 48 63 Public and publicly guaranteed 6 77 54 46 68 72 100 62 48 63 Official creditors 2 46 36 32 61 67 96 60 46 62 Multilateral 0 20 17 15 41 36 80 39 29 40 Concessional 0 1 6 5 5 8 14 20 23 27 Bilateral 2 26 19 17 20 31 16 20 17 22 Concessional 1 18 19 17 20 31 16 20 17 22 Private creditors 4 31 17 13 8 5 4 3 2 1 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 4 31 17 13 8 5 4 3 2 1 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 18 1 0 27 20 59 12 0 9 IDA 0 0 1 0 0 0 0 0 0 3 NET TRANSFERS ON DEBT 23 845 -995 1,152 -14 50 36 87 44 -321 Public and publicly guaranteed 23 845 -995 1,152 -14 50 36 87 44 -321 Official creditors -2 834 -925 1,223 47 83 66 112 58 -309 Multilateral 3 40 -19 -39 -23 -41 -42 32 22 -299 Concessional 3 1 -10 -14 62 24 90 82 47 -5 Bilateral -5 794 -907 1.262 69 124 109 81 36 -10 Concessional -1 851 -907 1,263 71 122 109 81 36 -10 Private creditors 26 11 -70 -72 -60 -33 -30 -25 -14 -13 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 26 1 1 -70 -72 -60 -33 -30 -25 -14 -13 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 39 -2 0 -56 -39 -107 -25 0 "271 IDA 3 1 -2 0 0 0 0 0 0 -13 DEBT SERVICE (LTDS) 37 302 1,191 383 207 174 229 155 124 425 P'ublic and publicly guaranteed 37 302 1,191 383 207 174 229 155 124 425 Official creditors 1 1 138 1.084 291 143 140 199 130 III 412 Multilateral 0 24 49 46 101 89 166 92 69 354 Concessional 0 2 18 16 15 22 32 41 44 60 Bilateral 1 1 114 1,035 245 42 52 33 38 42 59 Conicessiottal 6 49 1.035 244 40 -52 33 38 42 59 Private creditors 25 165 107 92 64 34 30 25 14 13 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Other private 25 165 107 92 64 34 30 25 14 13 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 2 1 Memo: IBRD 0 21 2 0 56 39 107 25 0 271 IDA 0 0 2 0 0 0 0 0 0 13 UJNDISBURSED DEBT 110 1,971 712 1.210 1,226 1,377 1,167 912 686 529 Official creditors I I 1,388 673 1,193 1,213 1,369 1,157 902 677 521 Private creditors 99 583 39 17 13 8 9 10 9 8 Memorandum items Concessional LDOD 39 1,842 13,052 14,555 14,278 14,497 14,831 15,053 15.073 14,981 Variable rate LDOD 0 0 0 0 0 0 0 0 0 0 Public sector LDOD 233 2.921 14.917 16.353 15,913 16,235 16,540 16,756 16,697 16,253 Private sector LDOD 0 0 0 0 0 0 0 0 0 0 6'. CUltRENCN IiONMPOsNITION OF LONG-TERM DEBT PERCENT, Deutsche mark 1.7 1.5 2.1 2.2 2,2 2.1 2.3 2.4 21.2 2.0 French franc 7.0 3.6 0.8 0.7 0.7 0.7 0.7 0.8 0.7 0.7 Japanese yen 0.0 0.3 1.9 2.8 2,9 3.5 3.8 3.5 3.1 2.8 Pound sterling 4.0 0.2 0.8 0.6 0.4 0.8 0.8 0.7 0.7 0.7 Swiss franc 4.1 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 31.2 70.0 86.4 86.4 86.8 85.1 83.5 82.4 82.7 84.8 Multiple currency 0.0 8.0 3.4 3.1 2.8 2.7 2.5 2. 7 2.4 0.6 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 52.0 15.7 4.8 4.2 4.1 5.1 6.4 7.5 8.2 8.4 523 SYRIAN ARAB REPUBLIC (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 DEBTW RESTRiA-rI 1RI\;,i Total amount rescheduled 0 0 0 3 0 0 0 0 0 0 Debt stuck rescheduiled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 3 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 3 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven ..0 0 398 0 0 0 0 0 Memo: interest forgiven ..0 0 6 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8. DLEB I !STICK- FLO%VR14 ONt111-IArON Total change in debt stocks .. -321 1,874 75 959 582 760 101 -555 Net flows on debt ... -733 1 A08 345 522 163 460 63 -523 Net change in interest arrears ... 247 228 224 238 251 233 189 154 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 -398 0 0 0 0 0 Cross-currency valuation ... 185 29 -99 35 164 64 -138 -242 Residual ... -20 209 2 166 5 3 -13 56 9. .V' ER.%(E I ERM%I, OF NIA% Cort'ITNIrlENTS ALL CREDITORS Interest (%) 4.2 2.5 3.7 2.4 4.2 3.8 0.0 0.0 0.0 0.0 Maturity (years) 8.7 22.4 22.7 25.3 22.0 21.7 0.0 0.0 0.0 0.0 Grace period (years) 2.4 4.3 6.1 5.0 6.0 5.1 0.0 0.0 0.0 0.0 Grant element (%) 24.1 50.7 43.6 54.6 40.0 41.6 0.0 0.0 0.0 0.0 Official creditors Interest (%) 2.7 2.0 3.8 2.4 4.2 3.8 0.0 0.0 0.0 0.0 Maturity (years) 8.7 25.1 23.0 25.3 22.0 21.7 0.0 0.0 0.0 0.0 Grace period (years) 3.0 4.2 6.2 5.0 6.0 5.1 0.0 0.0 0.0 0.0 Granit element (%) 30.4 55.8 43.9 54.6 40.0 41.6 0.0 0.0 0.0 0.0 Private creditors Interest (91) 4.4 4.1 3.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 8.7 12.6 12.8 15.6 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 2.4 4.4 3.6 6.1 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (91) 23.4 32.2 36.3 50.1 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 14 1,169 344 1,996 262 345 0 0 0 0 Official creditors 2 918 334 1,996 262 345 0 0 0 0 Private creditors 13 251 10 I 0 0 0 0 0 0 lo. ('C) ' iR TL'L OBLBG %T N ON OLUTS IrANDING; LONG-rFRMI DEBTI 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursemenuts 76 46 21 9 4 0 0 0 0 0 Principal 1,071 938 929 897 891 879 874 858 849 113 Interest 219 196 173 151 130 109 88 67 48 29 Official creditors Disbursements 71 43 21 9 4 0 0 0 0 0 Principal 1,012 904 902 887 884 872 867 853 846 ill Interest 214 193 171 tSO 129 108 87 67 47 29 Bilateral creditors Disbursements 38 22 9 4 0 0 0 0 0 0 Principal 943 832 832 833 833 823 822 816 812 79 Initerest 179 162 144 126 107 89 71 53 35 1 8 Multilateral creditors Disbursements 33 22 12 5 4 0 0 0 0 0 Principal 69 72 70 55 50 49 46 37 34 32 Interest 34 31 27 24 21 19 16 14 12 1 1 Private creditors Disbursements 5 2 1 0 0 0 0 0 0 0 Principal 58 34 27 10 7 6 6 5 3 2 Interest 5 4 2 1 1 1 1 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 5 2 1 0 0 0 0 0 0 0 Principal 58 34 27 10 7 6 6 5 3 2 Interest 5 4 2 1 1 1 1 0 0 0 524 TAJIKISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SL %INIARI IFBT DLA.. TOTAL DEBT STOCKS (EDT) .. .. .. .. 9.7 385.2 580.3 633.6 699.4 901.1 Long-term debt (LDOD) .. .. .. .. 9.7 384.9 562.0 590.4 656.8 797.0 Public and publicly guaranteed .. .. .. .. 9.7 384.9 562.0 590.4 656.8 669.0 Private nonguaranteed .. .. .. .. 0.0 0.0 0.0 0.0 0.0 128.0 Use of IMF credit .. .. .. .. 0.0 0.0 0.0 0.0 21.6 30.4 Short-term debt .. .. .. .. 0.0 0.3 18.3 43.2 21.0 73.7 of which interest arrears on LDOD .. .. .. .. 0.0 0.3 18.3 43.2 13.0 36.7 Official creditors .. .. .. .. 0.0 0.3 16.0 37.0 4.5 14.8 Private creditors .. .. .. .. 0.0 0.0 2.3 6.2 8.4 21.9 Memo: principal arrears on LDOD .. .. .. .. 0.0 0.0 60.3 141.9 89.6 99.5 Official creditors .. .. .. .. 0.0 0.0 60.3 120.2 21.6 31.5 Private creditors .. .. .. .. 0.0 0.0 0.0 21.7 68.0 68.0 Memo: export credits .. .. .. .. 0.0 0.0 0.0 38.0 0.0 0.0 TOTAL DEBT FLOWS Disbursements .. .. .. .. 9.7 78.2 177.1 28.4 58.3 52.3 Long-term debt .. .. .. .. 9.7 78.2 177.1 28.4 36.5 42.0 IMF purchases .. .. .. .. 0.0 0.0 0.0 0.0 21.8 10.3 Principal repayments .. .. .. .. 0.0 0.0 0.0 0.0 0.0 28.9 Long-term debt .. .. .. .. 0.0 0.0 0.0 0.0 0.0 28.9 IMF repurchases .. .. .. .. 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt .. .. .. .. 9.7 78.2 177.1 28.4 66.3 52.4 of which short-term debt .. .. .. .. 0.0 0.0 0.0 0.0 8.0 29.0 Interest payments (INT) .. .. .. .. 0.0 0.8 0.4 0.0 1.1 8.1 Long-term debt .. .. .. .. 0.0 0.8 0.4 0.0 0.3 5.9 IMF charges .. .. .. .. 0.0 0.0 0.0 0.0 0.5 0.9 Short-term debt .. .. .. .. 0.0 0.0 0.0 0.0 0.4 1.2 Net transfers on debt .. .. .. .. 9.7 77.3 176.7 28.4 65.2 44.3 Total debt service paid (TDS) .. .. .. .. 0.0 0.8 0.4 0.0 1.1 37.0 Long-term debt .. .. .. .. 0.0 0.8 0.4 0.0 0.3 34.8 IMF repurchases and charges .. .. .. .. 0.0 0.0 0.0 0.0 0.5 0.9 Short-term debt (interest only) .. .. . .. 0.0 0.0 0.0 0.0 0.4 1.2 2. .(GGREGA.TE NET RESOI RCE Fl 0)\S NDi -NET TRANSFF1RS l iLONG-TERMI NET RESOURCE FLOWS .. .. .. .. 9.7 88.8 249.8 96.9 120.5 100.8 Net flow of long-term debt (ex. IMF) .. .. .. .. 9.7 78.2 177.1 28.4 36.5 13.1 Foreign direct investment (net) .. .. .. .. 0.0 0.0 10.0 15.0 16.0 20.0 Portfolio equitv flows .. .. . .. 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) .. .. .. .. 0.0 10.6 62.7 53.5 68.0 67.7 Memo: technical coop. grants .. .. .. .. 0.0 1.0 4.0 11.2 14.6 11.3 official net resource flows .. .. .. .. 9.7 20.8 239.8 81.9 104.5 81.2 private net resource flows .. . 0.0 68.0 10.0 15.0 16.0 19.7 NET TRANSFERS .. .. .. .. 9.7 87.9 249.4 96.9 120.2 94.9 Interest on long-term debt .. .. .. .. 0.0 0.8 0.4 0.0 0.3 5.9 Profit remittances on FDI .. .. .. .. 0.0 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers .. .. .. .. 9.7 20.8 239.4 81.9 104.2 76.3 private net transfers .. .. .. .. 0.0 67.2 10.0 15.0 16.0 18.7 3. EItJ(-)R ECONONIC .(-.(;RE(; X lES Gross national product (GNP) .. .. .. .. 2,983.8 2,932.9 2,028.9 1,965.6 1,987.4 2,019.5 Exports of goods & services (XGS) .. .. .. .. .. 456.0 559.0 854.0 772.0 804.0 of which workers remittances .. .. .. .. .. 0.0 0.0 0.0 0.0 0.0 Imports of goods & services (MGS) .. .. .. .. .. 690.0 754.0 949.0 876.0 868.0 International reserves (RES) .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. 4. I)EBT INDIATOR!s EDT /XGS (%) .. .. .. .. .. 84.5 103.8 74.2 90.6 112.1 EDT /GNP(%) .. .. .. .. 0.3 13.1 28.6 32.2 35.2 44.6 TDS l XGS (%) .. .. .. .. .. 0.2 0.1 0.0 0.1 4.6 INT/XGS(%) .. .. .. .. .. 0.2 0.1 0.0 0.1 1.0 INT /GNP(%) .. .. .. .. .. 0.0 0.0 0.0 0.1 0.4 RES / EDT(%) .. .. .. .. .. .. .. .. RES / MGS (months) .. .. .. .. .. .. .. .. Short-term i EDT (%) .. .. .. .. 0.0 0.1 3.2 6.8 3.0 8.2 Concessional / EDT 1%) .. .. .. .. 100.0 5.2 3.4 3.3 79.6 61.9 Multilateral / EDT (%) .. .. .. .. 0.0 0.0 0.0 0.0 4.3 5.6 525 TAJIKISTAN (US$ million, unless otherwise indicated) 19 70 1980 1990 1991 1992 1993 1994 1995 1996 1997 S. LIE%d-1 UR-Il DEBT DEBT OUTSTANDING (LDOD) . .. . .. 9.7 384.9 562.0 590.4 656.8 797.0 Public and pubicly guaranteed ...... 9.7 384.9 562.0 590.4 656.8 669.0 Official creditors ...... 9.7 316.9 494.0 522.4 588.8 601.0 Multilateral ...... 0.0 0.0 0.0 0.0 30.2 50.1 Concessional ...... 0.0 0.0 0.0 0.0 30.2 50.1 Bilateral .. ... 9.7 316.9 494.0 522.4 558.6 550.8 Concessional . .... 9.7 19.9 19.9 20.9 526.7 507.6 Private cre-ditors ...... 0.0 68.0 68.0 68.0 68.0 68.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private .... . 0.0 68.0 68.0 68.0 68.0 68.0 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 128.0 Bonds ... . . . 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 128.0 Memo: IBRD .. .. 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 0.0 0.0 0.0 30.2 50.1 DISBURSEMENTS . . . .. 9.7 78.2 177.1 28.4 36.5 42.0 Public and publicly guaranteed . .... 9.7 78.2 177.1 28.4 36.5 42.0 Official creditors ...... 9.7 10.2 177.1 28.4 36.5 42.0 Multilateral ...... 0.0 0.0 0.0 0.0 30.4 22.0 Concessional ... . . . 0.0 0.0 0.0 30.4 22.0 Bilateral ...... 9.7 10.2 177.1 28.4 6.1 20.0 Concessional ...... 9.7 10.2 0.0 1.0 0.0 8.7 Private creditors ...... 0.0 68.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . .... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... . . . 68.0 0.0 0.0 0.0 0.0 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .... . 0.0 0.0 0.0 0.0 0.0 0.0 Commrerial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD ...... 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 Ot) 0.0 0.0 30.4 22.0 PRINCIPAL REPAYMENTS . . . .. 0.0 0.0 0.0 0.0 0.0 28.9 Public and publicly, guaranteed . .... 0.0 0.0 0.0 0.0 0.0 28.5 Official creditors ...... 0.0 0.0 0.0 0.0 0.0 28.5 Multilateral ...... 0.0 0.0 0.0 0.0 0.0 0.0 Coocessional ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bilateral ...... 0.0 0.0 0.0 0.0 0.0 28.5 Concessional .... . 0.0 0.0 0.0 0.0 0.0 28.5 Private creditors ...... 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Pirivate nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 0.3 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.3 Memo: IBRD ...... 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT . . . .. 9.7 78.2 177.1 28.4 36.5 13.1 Public and publicly guaranteed . .... 9.7 78.2 177.1 28.4 36.5 13.5 Official creditors ...... 9.7 10.2 177.1 28.4 36.5 13.5 Multilateral ...... 0.0 0.0 0.0 0.0 30.4 22.0 Concessional ...... 0.0 0.0 0.0 0.0 30.4 22.0 Bilateral . .... 9.7 10.2 177.1 28.4 6.1 -8.5 Concessional .... . 9.7 10.2 0.0 1.0 0.0 -19.8 Private creditors ...... 0.0 68.0 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private . .... 0.0 68.0 0.0 0.0 0.0 0.0 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 -0.3 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 -0.3 Memo: IBRD .... . 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 0.0 0.0 0.0 30.4 22.0 526 TAJIKISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) . .. . .. 0.0 0.8 0.4 0.0 0.3 5.9 Public and publicly guaranteed ...... 0.0 0.8 0.4 0.0 0.3 4.9 Official creditors ...... 0.0 0.0 0.4 0.0 0.3 4.9 Multilateral ... . 0.0 0.0 0.0 0.0 0.0 0.2 Concessional ... . 0.0 0.0 0.0 0.0 0.0 0.2 Bilateral . 0.0 0.0 0.4 0.0 0.3 4.7 Concessional ... . 0.0 0.0 0.4 0.0 0.3 4.7 Private creditors ... . 0.0 0.8 0.0 0.0 0.0 0.0 Bonds ... . 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... . 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... . 0.0 0'8 0.0 0.0 0.0 0.0 Private nonguaranteed .... . 0.0 0.0 0.0 0.0 0.0 1.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 1.0 Memo: IBRD ...... 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 0.0 0.0 0.0 0.0 0.2 NET TRANSFERS ON DEBT . .. . . 9.7 77.3 176.7 28.4 36.2 7.2 Public and publicly guaranteed , .... 9.7 77.3 176.7 28.4 36.2 8.5 Official creditors ... . 9.7 10.2 176.7 28.4 36.2 8.5 Multilateral ... . 0.0 0.0 0.0 0.0 30.4 21.8 Concessional ...... 0.0 0.0 0.0 0.0 30.4 21.8 Bilateral .... . 9.7 10.2 176.7 28.4 5.8 -13.2 Concessional ...... 9.7 10.2 -0.4 1.0 -0.3 -24.5 Private creditors ...... 0.0 67.2 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 67.2 0.0 0.0 0.0 0.0 Private nouguaranteed . .... 0.0 0.0 0.0 0.0 0.0 -1.3 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...... 0.0 0.0 0.0 0.0 0.0 -1.3 Memo: IBRD .. .. 0.0 0.0 0.0 0.0 0.0 0.0 IDA ...... 0.0 0.0 0.0 0.0 30.4 21.8 DEBT SERVICE (LTDS) . . . .. 0.0 0.8 0.4 0.0 0.3 34.8 Public and publicly guaranteed . .... 0.0 0.8 0.4 0.0 0.3 33.5 Official creditors ...... 0.0 0.0 0.4 0.0 0.3 33.5 Multilateral ...... 0.0 0.0 0.0 0.0 0.0 0.2 Concessional ...... 0.0 0.0 0.0 0.0 0.0 0.2 Bilateral ...... 0.0 0.0 0.4 0.0 0.3 33.2 Concessional ...... 0.0 0.0 0.4 0.0 0.3 33.2 Private creditors .... . 0.0 0.8 0.0 0.0 0.0 0.0 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Comme~rcial banks ...... 0.0 0.0 0.0 0.0 0.0 0.0 Other private ...... 0.0 0.8 0.0 0.0 0.0 0.0 Private nonguaranteed . .... 0.0 0.0 0.0 0.0 0.0 1.3 Bonds ...... 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ...0.0 0.0 0.0 0.0 0.0 1.3 Memo: IBRD .. 0.0 0.0 0.0 0.0 0.0 0.0 IDA .... . 0.0 0.0 0.0 0.0 0.0 0.2 UNDISBURSED DEBT . . . .. 74.3 44.9 66.4 34.1 52.7 33.3 Official creditors ... . 6.3 44.9 66.4 34.1 52.7 33.3 Private creditors ... . 68.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD ...... 9.7 19.9 19.9 20.9 556.9 557.7 Variable rate LDOD ...... 0.0 365.0 542.1 561.7 86.1 221.0 Public sector LDOD . .... 9.7 384.9 562.0 590.4 656.8 669.0 Private sector LDOD ...... 0.0 0.0 0.0 0.0 0.0 128.0 6. tt LRREN(N01 IC PO~lgSI IN OF l-ONt,-.lERNl DFN 'lPE RCE N'l Deutsche mark ...... 0.0 0.0 0.0 0.0 0.0 0.0 French franc .... . 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ...... 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling ...... 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ...... 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ...... 100.0 95.4 96.9 97.0 100.0 100.0 Multiple currency ...... 0.0 0.0 0.0 0.0 0.0 0.0 Special drawing rights ...... 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies . .. 0.0 4.6 3.1 3.0 0.0 0.0 527 TA.JIKISTAN (US$ million, untless othzerwise inzdicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEB r RES I-RU(It RiNG.N Total amount rescheduled ...... 0.0 297.0 0.0 0.0 505.8 19.0 Debt stock rescheduled ...... 0.0 0.0 0.0 0.0 259.7 18.3 Principal Tescheduled ...... 0.0 0.0 0.0 0.0 215.9 0.0 Official ...... 0.0 0.0 0.0 0.0 215.9 0.0 Private . .... 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled . .... 0.0 0.0 0.0 0.0 22.8 0.0 Official ...... 0.0 0.0 0.0 0.0 22.8 0.0 Private ...... 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ...... 0.0 0.0 0.0 0.0 0.0 0.0 Mlemo: interest forgiven ...... 0.0 0. 0.0 0.0 0.0 0.0 Debt stock reduction ...... 0.0 0.0 0. 0.0 0.0 0.0 of which debt buyhack ...... 0.0 0.0 0.0 0.0 0.0 0.0 gI. DEBIr S rotK-FLOfl% RECON(ILIA~I( ON Total change in debt stocks ... .. . 375.5 195.1 53.3 65.8 201.7 Net flows on debt ... .. . 78.2 177.1 28.4 66.3 52.4 Net change in intercst arrears ... .. . 0.3 18.0 24.9 -30.2 23.8 Interest capitalized ... .. .0.0 0.0 0.0 22.8 0.0 Debt forgiveniess or reduction ... .. . 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... .. . -12.0 -11.5 -3.9 0.0 0.0 Residual ... .. . 309.0 11.5 3.9 7.0 125.5 4*..V% ER%C,E U'ERNI1% OF NE"~ COMNH IT~ENI N ALL CREDITORS Interest (%) ...... 3.9 3.9 7.3 0.0 0.8 0.5 Maturity (years) ...... 9.3 16.6 7.2 0.0 39.8 37.9 Grace period (years) ...... 4.2 5.3 2.1 0.0 10.3 9.9 Grant clement (%") ...... 26.4 34.4 9.6 0.0 80.7 81.5 Official creditors Interest (%M.. .. 2.0 3.9 7.3 0.0 0.8 0.5 Maturity (years) ...... 29.9 16.6 7.2 0.0 39.8 37.9 Grace period (years) ...... 6.9 5.3 2.J 0.0 10.3 9.9 Grant element (%) ...... 63.0 34.4 9.6 0.0 80.7 81.5 Private creditors Interest (%) ...... 4.4 0.0 0.0 0.0 0.0 0.0 Maturity (years) ...... 4.5 0.0 0.0 0.0 0.0 0.0 Grace p eriod (years) ...... 3.5 0.0 0.0 0.0 0.0 0.0 Grant element (%) ...... 17.8 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments .... . 84.0 48.8 198.6 0.0 55.0 25.0 Official creditors ...... 16.0 48.8 198.6 0.0 55.0 25.0 Private creditors ...... 68.0 0.0 0.0 0.0 0.0 0.0 liI. CON] R_A TIA. L OBI.[(, -%] iONS ON HI rSI ANDI.N(, t.ONG- I ER-.% [)EBIS 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 9.0 8.6 6.4 4.3 2.7 1.3 0.7 0.1 0.1 0.0 Principal 45.0 75.8 75.8 75.8 76.4 75.3 46.1 46.3 46.3 47.4 Interest 8.9 15.9 14.2 1 2.3 10.5 8.6 6.8 5.3 3.8 2.3 Official creditors Disbursements 9.0 8.6 6.4 4.3 2.7 1.3 0.7 0.1 0.1 11. Principal 32.2 63.0 63.0 63.0 63.6 62.5 33.3 33.5 33.5 34.6 Interest 3.8 11.3 10.1 8.9 7.6 6.3 5.1 4.2 3.2 2.3 Bilateral creditors Disbursements 4.4 1.8 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 32.2 63.0 63.0 63.0 63.6 62.5 33.3 33.3 33.3 33.3 Interest 3.4 10.9 9.7 8.4 7.1 5.8 4.6 3.7 2.7 1.8 Multilateral cTeditors Disbursements 4.6 6.8 5.6 4.3 2.7 1.3 0.7 0.1 0.1 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 1.3 Interest 0.4 0.4 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.( 0.0 0.0 0.0 0.0 0.0 Principal 12.8 12.8 12.8 12.8 12.8 12.8 12.8 12.8 12.8 12.8 Interest 5.1 4.6 4.0 3.4 2.9 2.3 1.7 1.2 0.6 0.0 Commercial banks DisbUTsMemnts 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 12.8 12.8 12.8 12.8 12.8 12.8 12.8 12.8 12.8 12.8 Interest 5.1 4.6 4.0 3.4 2.9 2.3 1.7 1.2 0.6 0.0 528 TANZANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SlINIM JRV DEBT [VUAr TOTAL DEBT STOCKS (EDT) 5,322 6,447 6,568 6,690 6,807 7,270 7,447 7,412 7,177 Long-term debt (LDOD) 188 3,381 5,790 5,811 5,872 5,842 6,170 6,282 6,166 6,094 Public and publicly guaranteed 173 3,297 5,778 5,800 5.860 5,830 6,158 6,238 6,121 6,054 Private nonguaranteed 15 84 12 12 12 12 12 44 45 41 Use of IMF credit 0 171 140 143 221 215 212 197 206 246 Short-term debt 1,770 518 613 598 750 887 967 1,039 837 of which interest arrearS on LDOD 1,467 402 530 512 689 806 908 9t2 698 Official creditors .. 1,464 279 393 425 553 652 743 733 552 Private creditors ..3 123 137 88 136 154 165 179 146 Memo: principal arrears on LDOD .. 592 813 956 1,006 1,126 1,283 1,513 1,620 1,097 Official creditors 586 629 723 801 897 1,029 1,237 1,329 911 Private credirors 6 184 233 205 228 255 277 290 186 Memo: export credits 1,278 1,142 1,237 1,191 799 853 739 883 TOTAL DEBT FLOWS Disbursements 57 433 333 309 478 250 265 262 246 336 Long-term debt 57 367 304 280 387 250 265 262 209 251 IMF purchases 0 66 29 29 90 0 0 0 37 85 Principal repayments 4 81 118 145 172 104 116 146 165 112 Lon-rterm debt 4 49 89 118 167 98 101 126 144 81 IMF repurchases 0 33 28 27 6 6 15 20 22 31 Net flows on debt 52 352 232 132 308 121 169 95 149 236 of which short-term debt 16 -33 2 -24 20 -22 68 12 Interest paymients (INT) 80 62 62 64 107 67 86 104 50 Long-term debr 3 48 47 54 58 103 62 82 97 43 IMF charges 0 7 6 3 1 1 1 1 1 1 Short-term debt 26 9 5 5 4 5 4 6 6 Net transfers on debt -- 272 170 70 244 14 101 8 45 186 Total debt service paid (TDS) 161 179 207 236 211 184 232 269 161 Long-term debt 7 96 137 172 225 201 163 208 240 123 IMF repurchases and charges 0 39 34 29 7 7 16 21 23 32 Short-term debt (interest only) .. 26 9 5 5 4 5 4 6 6 2. -%G(;RE, .N IF NE r RESOLIRC F FLOW%S AND NE r 'lRXNSFF-_HS i )N(;. rERNM, NET RESOURCE FLOWS 59 804 893 867 929 957 779 706 656 763 Net flow of long-term debt (ex. IMF) 52 318 215 162 220 151 164 136 65 171 Foreign direct investmnent (net) 0 0 0 0 12 20 s0 120 150 158 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 6 485 677 705 697 786 565 451 441 434 Memo: technical coop. grants 21 173 209 209 237 239 212 267 254 232 official net resource flows 48 705 888 875 960 903 727 572, 519 620 private net resourCe flows 1 1 99 5 -8 -30 54 52 135 137 143 NET TRANSFERS 56 756 820 788 842 820 681 588 524 672 Interest oni long-term debt 3 48 47 54 58 103 62 82 97 43 Profit remittances on FDI 0 0 25 25 30 35 36 37 35 48 Memno: official net transfers 46 670 844 825 907 805 666 494 427 579 private net transfers 10 86 -24 -37 -66 15 15 93 97 93 3. MtAJOR ECONOMI(I A( ;GRF('.ATi._ Gross national product (GNP) ... 4,014 4,344 4,680 4,355 4,067 5,274 6,519 7,382 Exports of goods & services (XGS) .. 762 544 513 584 787 969 1,297 1,422 1,245 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 1,412 1,665 1,723 1,913 2,194 1,966 2,281 2,272 2,130 International reserves (RES) . .. .. .. Current account balance .. -521 -559 -738 -714 -895 -637 -590 -413 -545 4. DEBT 1%DIC.ATORS EDT XGS (% . 698.6 1,184.5 1,279.8 1,144.8 865.3 750.5 574.2 521.2 576.5 EDT/GNP(% ... 160.6 151.2 142.9 156.3 178.7 141.2 113.7 97.2 TDS IXGS (% . 21.2 32.9 40.3 40.4 26.9 19.0 17.9 18.9 13.0 INT XGS (% . 10.5 11.3 12.1 10.9 13.6 6.9 6.6 7.3 4.0 INT /GNP ()... 1.5 1.4 1.4 2.5 1.7 1.6 1.6 0.7 RES/EDT(% .. .. .. .. RES /MGS (months)...*.. . Short-term / EDT (%) .. 33.3 8.0 9.3 8.9 11.0 12.2 13.0 14.0 11.7 Concessional / EDT (% . 50.6 53.8 54.5 57.5 59.0 60.1 59.8 60.5 70.9 Multilateral / EDT (%) .. 10.6 30.9 33.0 34.4 35.6 36.7 37.7 39.1 41.0 529 TANZANIA (US$ million, unless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5.. LON'G- i'ERMk DEBr DEBT OUTSTANDING (LDOD) 188 3,381 5,790 5,811 5,872 5,842 6,170 6,282 6,166 6,094 Public and publicly guaranteed 173 3,297 5,778 5,800 5,860 5,830 6,158 6,238 6,121 6,054 Official creditors 168 3,041 5,306 5,344 5,466 5,433 5,763 5,830 5,738 5,806 Multilateral 38 566 1.989 2,165 2,300 2,422 2,670 2,808 2,895 2,939 Concessional 35 305 1,625 1,829 2,002 2,153 2.430 2,603 2,733 2,813 Bilateral 129 2,476 3,317 3.179 3,165 3,011 3,093 3,022 2,843 2,866 Concessional 129 2,388 1,844 1,748 1,846 1,863 1,943 1,851 1,749 2,278 Private creditors 6 256 472 456 395 398 395 408 383 248 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 28 26 19 1 1 4 4 5 4 3 Other private 6 228 446 437 383 394 391 403 379 245 Private nonguaranteed 15 84 12 12 12 12 12 44 45 41 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 15 84 12 12 12 12 12 44 45 41 Memo: IBRD 4 198 243 208 171 140 114 87 56 34 IDA 35 242 1.250 1,434 1,618 1.759 1,998 2,182 2,242 2,306 DISBURSEMENTS 57 367 304 280 387 250 265 262 209 251 Public and publicly guaranteed 49 335 304 280 387 250 265 261 207 251 Official creditors 43 245 288 276 350 204 248 220 203 251 Multilateral 11 122 205 227 256 175 215 187 194 244 Concessional 9 63 187 214 248 166 211 173 192 238 Bilateral 33 123 83 50 93 29 33 33 9 8 Concessional 32 95 52 41 88 21 18 28 7 6 Private creditors 6 90 17 4 38 45 17 40 4 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 8 0 0 1 0 1 1 1 0 Other private 6 82 17 4 37 45 16 40 3 0 Private nonguaranteed 8 31 0 0 0 0 0 1 2 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 8 31 0 0 0 0 0 1 2 0 Memo: IBRD 1 34 0 0 0 0 0 0 0 0 IDA 9 35 187 181 235 146 183 160 134 183 PRINCIPAL REPAYMENTS 4 49 89 118 167 98 101 126 144 81 Public and publicly guaranteed 2 32 89 118 167 98 101 121 143 76 Official creditors 2 26 77 106 87 87 86 100 125 66 Multilateral 0 8 45 65 54 55 68 78 74 62 Concessional 0 1 13 22 16 15 30 23 34 31 Bilateral 2 18 33 41 33 32 18 22 51 4 Concessional 2 18 24 19 20 22 11 14 20 4 Private creditors 0 6 12 12 80 11 16 21 18 11 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial baniks 0 1 0 3 8 7 0 0 3 0 Other private 0 6 12 9 72 4 15 21 16 1 1 Private nonguarainteed 3 16 0 0 0 0 0 5 0 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 16 0 0 0 0 0 5 0 4 Memo: IBRD 0 5 26 36 31 33 33 34 27 20 IDA 0 1 6 7 8 9 11 12 14 15 NET FLOWS ON DEBT 52 318 215 162 220 151 164 136 65 171 Public and publicly guaranteed 47 303 215 162 220 151 164 140 64 175 Official creditors 42 219 210 170 263 117 162 121 78 186 Multilateral I11 115 161 162 203 120 147 109 121 182 Concessional 9 63 174 192 232 150 181 149 158 208 Bilateral 31 104 50 9 60 -3 16 12 -43 4 Concessional 30 77 29 22 67 -1 8 14 -13 3 Private creditors 6 84 5 -8 -42 34 2 19 -14 -11 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 8 0 -3 -7 -7 0 1 -1 0 Other private 6 77 5 -5 -35 42 1 18 -13 -11 Pirivate nonguaranteed 5 15 0 0 0 0 0 -4 1 -4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 5 15 0 0 0 0 0 -4 1 -4 Memo: IBRD 1 29 -26 -36 -31 -33 -33 -34 -27 -20 IDA 9 34 181 174 226 137 172 148 121 168 530 TANZANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 3 48 47 54 58 103 62 82 97 43 Public and publicly guaranteed 2 41 47 54 58 103 62 81 96 41 Official creditors 2 34 44 51 52 98 61 77 92 41 Multilateral 0 18 27 34 34 35 34 57 47 38 Concessional 0 2 9 12 13 15 17 18 33 25 Bilateral 2 16 17 17 18 63 27 21 45 3 Concessional 2 14 11 I11 9 34 11 I11 22 2 Private creditors 0 7 3 4 6 5 1 3 4 1 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 1 0 1 3 3 0 0 1 0 Other private 0 6 3 2 3 2 1 3 4 1 Private nonguaranteed 1 7 0 0 0 0 0 1 1 1 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 1 7 0 0 0 0 0 1 1 1 Memo: JBRD 0 15 17 20 15 12 10 8 6 4 IDA 0 2 8 10 10 14 14 16 17 16 NET TRANSFERS ON DEBT 49 271 168 108 163 49 102 54 -32 128 Public and publicly guaranteed 45 262 168 108 163 49 102 59 -32 134 Official creditors 40 185 166 120 210 19 101 44 -14 145 Multilateral 10 97 133 128 168 86 113 53 73 144 Concessional 9 61 165 180 219 135 165 132 125 183 Bilateral 29 89 33 -9 42 -67 -12 -9 -87 1 Concessional 29 64 18 1 1 58 -35 -3 3 -36 1 Private creditors 6 77 2 -12 -48 30 1 1 6 -18 -11 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 7 0 -4 -10 -10 0 1 -2 0 Other private 6 71 1 -8 -38 40 1 15 -16 -11 Private nonguaranteed 4 9 0 0 0 0 0 -5 1 -6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 4 9 0 0 0 0 0 -5 1 -6 Memo: IBRD 1 14 -44 -56 -45 -45 -42 -42 -33 -24 IDA 9 33 172 164 216 123 158 132 104 151 DEBT SERVICE (LTDS) 7 96 137 172 225 201 163 208 240 123 Public and publicly guaranteed 4 73 137 172 225 201 163 201 239 118 Official creditors 4 60 121 157 139 185 147 177 217 106 Multilateral 0 26 72 99 88 90 102 135 121 100 Concessional 0 2 21 34 29 31 47 41 67 56 Bilateral 4 34 50 58 51 96 45 42 96 6 Concessional 4 32 34 30 29 56 22 25 42 6 Private creditors 0 13 15 15 85 15 16 25 22 11 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 0 4 11 10 0 0 3 0 Other private 0 12 15 12 75 5 16 25 19 11 Private nonguaranteed 3 23 0 0 0 0 0 6 1 6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 3 23 0 0 0 0 0 6 1 6 Memo: IBRD 0 20 44 56 45 45 42 42 33 24 IDA 0 2 14 17 19 23 25 28 31 32 UNDISBURSED DEBT 315 1,165 1,174 1,436 1,268 1,541 1,542 1,305 1,244 1,219 Official creditors 311 1,088 1,169 1,419 1,242 1,512 1,517 1,279 1,235 1,208 Private creditors 4 77 5 16 26 29 25 25 9 12 Memorandum items Coneessional LDOD 163 2,693 3,469 3,577 3,848 4,016 4,372 4,454 4,482 5,091 Variable rate LDOD 15 89 471 460 519 480 481 518 518 339 Public sector LDOD 173 3,268 5,719 5,739 5,795 5,753 6,059 6,129 6,011 5,955 Private sector LDOD 15 112 71 73 77 90 ill 153 155 140 6. C URRENCYC(ONlPOSHI1ON OF LONG-TERM DEBT PERCENT) Deutsche mark 3.2 1.3 3.9 3.8 4.5 4.1 4.1 3.2 2.9 1.9 French franc 0.0 2.0 3.6 3.6 3.5 2.7 2.6 2.8 2.7 1.9 Japanese yen 0.0 49.7 8.5 9.0 10.2 11.4 12.1 10.8 9.7 10.1 Pound sterling 24.1 4.8 12.1 11.9 11.3 11.0 10.6 10.4 10.5 10.0 Swiss franc 0.0 0.3 0.5 0.5 0.6 0.2 0.2 0.1 0.0 0.0 U.S.dollars 15.1 12.8 35.7 37.5 37.0 38.3 38.9 39.0 40.5 45.7 Multiple currency 2.1 6.5 6.0 5.5 4.9 4.4 4.2 8.2 6.6 6.7 Special drawing rights 0.0 0.1 1.3 2.2 3.0 4.1 4.9 5.2 5.2 4.9 All other currencies 55.5 22.5 28.4 26.0 25.1 23.8 22.3 20.3 21.9 18.7 531 TANZANIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. D[B I RESTRU;CTUFRIN(;S Total amount rescheduled 0 0 185 7 348 58 9 0 33 761 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 59 5 173 37 6 0 1 1 430 Official 0 0 35 5 166 23 5 0 11 332 Private 0 0 24 0 7 14 1 0 0 99 Interest rescheduled 0 0 96 2 115 22 1 0 9 230 Official 0 0 91 2 113 20 1 0 9 207 Private 0 0 5 0 2 2 0 0 0 22 Debt forgiven ... 102 135 124 193 85 140 30 246 Memo: interest forgiven ... 10 37 32 39 17 0 1 92 Debt stock reductioni 0 0 0 0 0 0 0 0 0 11 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8. DEBT ;'IO( K-FL0%% RE(A)NCILIx~ION Total change in debt stocks ... 593 121 122 117 463 177 -35 -235 Net flows on debt ... 232 132 308 121 169 95 149 236 Net change in interest arrears ... 60 128 -18 177 117 102 4 -214 Interest capitalized ... 96 2 115 22 1 0 9 230 Debt forgiveness or reduction ... -102 -135 -124 -193 -85 -140 -30 -258 Cross-currency valuation ... 391 -18 -251 -18 222 50 -94 -188 Residual ... -83 12 93 8 39 71 -74 -41 9. A'sFR-1LG[ FERMtS OF NE:W CONINHIM~ENTS ALL CREDITORS Interest (%) 1.4 4.1 1.2 1.4 0.9 2.0 1.2 1.7 1.3 0.9 Maturity (years) 411.0 22.9 34.7 38.6 33.1 35.2 35.7 17.5 35.4 42.7 Grace period (years) 22.5 7.5 9.3 10.8 7.0 8.6 9.4 5.8 9.2 9.8 Grant element (%) 81.0 43.0 72.0 74.5 65.8 67.1 73.8 48.3 72.7 79.0 Official creditors Interest (%) 1.4 3.6 1.1 1.1 1.0 1.6 1.0 1.7 1.2 0.9 Maturity (years) 41.0 24.2 35.1 39.4 39.1 38.0 37.6 23.0 35.8 43.4 Grace period (years) 22.5 8.0 9.3 10.9 8.3 9.1 9.9 7.4 9.3 9.9 Grant element (%) 81.0 46.8 72.5 76.7 75.6 72.1 77.6 61.3 73.7 80.2 Private creditors Interest (%) 0.0 7.6 2.5 11.1 0.4 5.8 4.2 1.9 8.9 5.0 Maturity (years) 0.0 11.7 13.3 11.2 3.6 7.6 6.1 3.7 5.9 3.0 Grace period (years) 0.0 3.2 6.8 5.1 0.5 3.3 0.7 1.6 2.4 1.0 Grant element (%) 0.0 10.3 47.6 -6.3 17.5 16.9 15.7 15.4 0.4 8.6 Memorandum items Commitments 271 741 701 523 287 531 218 141 227 328 Official creditors 271 663 689 510 239 482 205 101 224 323 Private creditors 0 78 12 14 48 49 13 40 3 6 It'. CONI RACT L X.L 0M. U, %T[)N,s (IN OUl FSI VNDI);I-UONGUTERIN DE Bt1 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 388 334 212 136 75 31 22 8 2 0 Principal 167 163 235 233 216 184 164 163 161 166 Interest 89 98 121 113 106 99 95 91 87 84 Official creditors Disbursements 380 330 2-11 136 75 31 2-2 8 2 0 Principal 142 140 213 218 209 179 160 160 158 162 Interest 84 95 118 112 105 99 94 91 87 84 Bilateral creditors Disbursements 53 47 30 19 12 8 5 4 2 0 Principal 68 73 138 140 128 97 76 73 70 68 Interest 55 65 88 82 76 70 67 64 61 59 Multilateral creditors Disbursements 328 284 180 116 63 22 17 4 0 0 Principal 74 68 75 78 81 83 84 86 88 94 Interest 29 30 30 30 29 28 28 27 26 25 Private creditors Disbursements 7 3 1 0 0 0 0 0 0 0 Principal 25 22 21 15 7 4 4 4 3 3 Interest 5 3 2 1 1 1 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1 1 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 7 3 1 0 0 0 0 0 0 0 Principal 24 22 21 15 7 4 4 4 3 3 Interest 5 3 2 1 1 1 0 0 0 0 532 THAILAND (US$ millioni, utnless othierwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 TOTAL DEBT STOCKS (EDT) 8,297 28,165 37,772 41,864 52,717 65,596 83,082 90,622 93,416 Long-term debt (LDOD) 726 5,646 19,842 25,280 27,138 30,083 36,418 41,987 53,009 56,151 Public and publicly guaranteed 324 3,943 12,531 13,309 13,363 14,776 16,266 16,870 16,773 "22009 Private nonguaranteed 402 1,703 7,311 11,971 13,775 15,307 20,152 25,117 36,235 34,142 Use of IMF credit 0 348 1 0 0 0 0 0 0 2,429 Short-term debt .. 2,303 8,322 12,492 14,727 22,634 29,179 41,095 37,613 34,836 of which interest arrears on LDOD ..0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors ..0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD 0 0 0 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 0 0 0 Private creditors 0 0 0 0 0 0 0 0 0 Memo: export credits 3,106 3,194 4,145 5,226 7,613 10,485 9,940 12,194 TOTAL DEBT FLOWS Disbursements 220 2,648 4,588 5,352 5,094 7,458 9,096 10,703 14,378 14,544 Long-term debt 220 2,604 4,588 5,352 5,094 7,458 9,096 10,703 14,378 12,067 IMF purchases 0 45 0 0 0 0 0 0 0 2,477 Principal repayments 131 804 3,265 2,262 3,198 4,253 5,166 4,404 4,280 6,130 Long-term debt 131 782 2,984 2,261 3,198 4,253 5,166 4,404 4.280 6,130 IMF repurchases 0 22 281 1 0 0 0 0 0 0 Net flows on debt 90 1,845 3,534 7,260 4,132 11,112 10,474 18,215 6,616 5,637 of which short-term debt 2,210 4,170 2,235 7,907 6,545 11,916 -3,482 -2,777 Interest payments (INT) 814 2,030 2,650 2,711 2,187 2,714 4,192 5,213 5,586 Long-term debt 33 473 1,359 1,776 1,877 1,859 2,023 2,649 3,106 3,461 IMF chargea 0 13 21 0 0 0 0 0 0 15 Short-term debt .. 328 650 875 834 328 692 1,543 2,107 2,110 Net transfers on debt 1,031 1,504 4,610 1,421 8,925 7,760 14,023 1,404 51 Total debt service paid (TDS) 1,617 5,295 4,911 5,909 6,440 7,880 8,596 9,493 11,716 Long-term debt 164 1,254 4,343 4,036 5,074 6,113 7,189 7,053 7,386 9,591 IMF repurchases and charges 0 35 302 1 0 0 0 0 0 15 Short-term debt (interest only) .. 328 650 875 834 328 692 1,543 2,107 2,110 2. %(;(RE(..AUEr %.FF RESOI RCE FLO"~S kND) NFTT TRANSFERS tLONG-TERN11 NET RESOURCE FLOWS 139 2,087 4,690 5,300 4,175 8,226 4,863 10,620 14,081 9,453 Net flow of long-term debt (ex. IMP) 90 1,822 1,605 3,091 1,897 3,204 3,930 6,299 10.098 5,937 Foreign direct investment (net) 43 190 2,444 2,014 2,113 1,804 1,366 2,068 2,336 3, 745 Portfolio equity tlows 0 0 449 41 4 3,117 -538 2,154 1,551 -308 Grants (excluding technical coop.) 6 75 193 154 161 100 105 99 96 78 Memo: technical coop. grants 48 103 231 257 257 266 245 270 231 223 official net resource flows 27 623 292 311 -122 687 431 591 518 6,008 private net resource flows ill 1,464 4,399 4,989 4,297 7,538 4,432 10,029 13,563 3,444 NET TRANSFERS 87 1,576 3,020 3,469 1,948 5,946 2,375 7,491 10,465 5,442 Interest on long-termn debt 33 473 1,359 1,776 1,877 1,859 2.023 2,649 3,106 3,461 Profit remittances on FDI 19 38 312 56 350 420 465 480 510 550 Memo: official net transfers 13 506 -151 -136 -558 235 -55 70 26 5,568 private net transfers 74 1,070 3,170 3,605 2,507 5,712 2,430 7,421 10,439 -127 3. '%I kJOR ECONON)1 IC AGGREGAl%]ES Gross national product (GNP) 7,096 32,091 84,272 96,788 108,975 122,790 141,500 164,619 176,593 149,257 Exports of goods & services (XGS) .. 8,575 31.289 37,758 42,919 49,596 58,679 74,093 75,385 76,157 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 10.861 38.783 45,591 49,868 56,709 67,892 88,133 90,836 79,660 International reserves (RES) 911 3,026 14,258 18,393 21,183 25,439) 30,280 36,939 38.645 26,897 Current account balance .. -2,076 -7,281 -7,572 -6,303 -6,364 -8,085 -13,554 -14,692 -3,024 4. D EB[F I N DI UTO RS EDT /XGS (% . 96.8 90.0 100.0 97.5 106.3 111.8 112.1 120.2 122.7 EDT /GNP (% . 25.9 33.4 39.0 38.4 42.9 46.4 50.5 51.3 62.6 TDS /XGS (% . 18.9 16.9 13.0 13.8 13.0 13.4 11.6 12.6 15.4 INT XGS (% . 9.5 6.5 7.0 6.3 4.4 4.6 5.7 6.9 7.3 INT IGNP (% . 2.5 2.4 2.7 2.5 1.8 1.9 2.5 3.0 3.7 RES /EDT (% . 36.5 50.6 48.7 50.6 48.3 46.2 44.5 42.6 28.8 RES /MGS (months) .. 3.3 4.4 4.8 5.1 5.4 5.4 5.0 5.1 4.1 Short-term/' EDT (%) .. 27.8 29.5 33.1 35.2 42.9 44.5 49.5 41.5 37.3 Concessional / EDT (% . 10.0 15.2 12.8 12.0 11.1 10.3 8.6 7.7 7.1 Multilateral /"EDT (%) .. 12.0 13.2 9.4 7.0 5.8 4.8 3.9 3.3 3.8 533 THAILAND (US$ millioni, untless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. L O)N C.- IE RI I ) EBT DEBT OUTSTANSDING (LDOD) 726 5,646 19,842 25,280 27,138 30,083 36,418 41,987 53,009 56,151 Public and publicly guaranteed 324 3,943 12,531 13,309 13,363 14,776 16,266 16,870 16,773 22,009 Official creditors 291 2,168 8,288 8,777 8,384 9,534 10,807 11,189 10,555 15,420 Multilateral 164 992 3,721 3,544 2,925 3,040 3,121 3,208 2,980 3,591 Concessional 0 42 253 247 257 273 285 293 275 256 Bilateral 127 1,175 4,567 5,233 5,459 6,495 7,687 7,981 7.575 11,829 Concessional 93 787 4,034 4,575 4,772 5,604 6,448 6,845 6,664 6,330 Private creditors 33 1,776 4,243 4,532 4,979 5,242 5,459 5,681 6,218 6,589 Bonds 0 148 738 624 880 988 1,682 1,574 1,967 2,766 Commercial banks 3 1,339 2,170 2.408 2,519 2,654 2,337 2,997 3,320 3,021 Other private 30 289 1,334 1.500 1.579 1,600 1,440 1,110 931 802 Private nonguaraniteed 402 1,703 7,311 11,971 13,775 15,307 20,152 25,117 36,235 34,142 Bonds 0 0 40 56 310 2,031 5,223 7,375 10,610 11,411 Commercial banks 402 1,703 7,272 11,915 13,465 13,276 14,928 17,743 25,626 22,731 Memo: IBRD 159 671 2,421 2,420 1.898 1,925 1,782 1,805 1,607 1,728 IDA 0 32 109 108 106 105 103 102 100 98 DISBURSEMENTS 220 2,604 4,588 5,352 5,094 7,458 9,096 10,703 14,378 12,067 Public and publicly guaranteed 51 1,315 1,296 1,487 1,612 2,104 2,117 2,747 2,428 7,867 Official creditors 38 622 887 824 759 1,193 1,190 1,417 1,354 6,577 Multilateral 21 236 263 260 283 334 331 358 284 1.062 Concessional 0 7 2 2 25 26 16 17 0 0 Bilateral 18 386 624 563 476 859 859 1,060 1,070 5,516 Concessional 11 179 504 406 376 590 487 1.043 995 664 Private creditors 13 694 410 663 853 911 926 1,329 1,074 1,290 Bonds 0 44 0 0 300 244 690 242 514 1,055 Commercial banks 0 606 110 387 321 588 230 1,082 558 231 Other private 13 44 299 276 232 79 7 5 2 4 Private nonguaranteed 169 1,288 3,292 3,865 3,483 5,354 6,979 7,956 11,950 4,200 Bonds 0 0 0 17 259 1,723 3,165 2,080 3,370 1,264 Commercial banks 169 1,288 3,292 3,848 3,223 3,631 3,814 5,876 8,580 2,936 Memo: IBRD 19 145 174 162 177 169 128 146 138 443 IDA 0 5 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 131 782 2,984 2,261 3,198 4,253 5,166 4,404 4,280 6,130 Public and publicl[y guaranteed 23 172 2,393 1,121 1,390 1,438 1,893 1,894 1,290 1,104 Official creditors 1 7 73 788 667 1,~042 606 865 926 932 647 Multilateral 9 35 439 486 819 304 499 360 276 264 Concessional 0 0 8 9 1 0 1 1 1 1 1 1 1 2 1 1 Bilateral 8 38 349 181 223 302 366 566 656 384 Concessional 5 13 102 142 174 234 288 447 411 282 Private creditors 6 99 1,605 454 348 832 1,028 968 358 456 Bonds 0 0 87 95 11 132 49 199 86 220 Commercial banks 0 52 1,324 188 190 545 681 428 179 183 Other private 6 47 194 171 147 155 299 341 94 53 Private nonguaraniteed 107 610 591 1,140 1,808 2,815 3,273 2,510 2,991 5,027 Bonds 0 0 0 0 0 0 0 0 25 373 Commercial banks 107 610 591 1,140 1,808 2,815 3,273 2.510 2,966 4,653 Memo: IBRD 9 26 207 209 645 189 415 201 196 192 IDA 0 0 1 1 1 1 2 2 2 2 NET FLOWS ON DEBT 90 1,822 1,605 3,091 1,897 3,204 3,930 6,299 10,098 5,937 Public and publicly guaranteed 28 1,143 -1,097 367 222 666 224 853 1,139 6,764 Official creditors 21 548 98 157 -283 587 326 492 422 5,930 MultilateTal 12 200 -176 -225 -536 30 -168 -2 9 798 Concessional 0 7 -7 -7 15 15 5 6 -12 -11 Bilateral 10 348 275 383 253 557 494 494 414 5,132 Concessional 6 166 402 265 202 357 199 596 584 382 Private creditors 7 595 -1,195 209 505 79 -102 361 716 834 Bonds 0 44 -87 -95 289 112 641 43 429 835 Commercial banks 0 555 -1,214 199 131 44 -451 654 380 48 Other private 7 -3 105 105 85 -76 -292 -336 -92 -49 Private nonguaranteed 62 678 2,702 2,725 1,675 2,538 3,706 5,446 8,959 -827 Bonds 0 0 0 17 259 1,723 3,165 2,080 3,345 891 Commercial banks 62 678 2.702 2,707 1,416 815 542 3.366 5,614 -1,717 Memo: IBRD 10 120 -34 -47 -469 -20 -287 -56 -59 251 IDA 0 4 -1 -1 -1 -1 -2 -2 -2 -2 534 THIAILAND (US$ mnillion, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 33 473 1,359 1,776 1,877 1,859 2,023 2,649 3,106 3,461 Public and publicly guaranteed 16 269 878 706 707 724 769 877 870 846 Official creditors 1 4 117 442 447 437 452 485 521 492 440 Multilateral 9 76 284 278 239 225 217 219 206 190 Concessional 0 1 5 6 5 5 6 9 7 5 Bilateral 5 42 158 169 198 227 268 302 287 250 Coocessional 3 1 9 110 130 154 178 206 224 210 197 Private creditors 2 152 436 260 270 271 283 356 377 406 Bonds 0 9 46 41 45 55 53 97 ill 160 Commercial banks 0 117 230 135 137 128 135 193 220 207 Other private 2 26 160 84 88 89 95 67 46 40 Private nonguaranteed 17 204 481 1,069 1,170 1,136 1,254 1,772 2,236 2,615 Bonds 0 0 2 3 2 11 67 222 579 560 Commercial banks 1 7 204 479 1,067 1,168 1,124 1,188 1,550 1,657 2,054 Memo: IBRD 9 53 189 186 169 158 144 135 122 104 IDA 0 0 1 1 1 1 1 1 1 1 NET TRANSFERS ON DEBT 57 1,349 246 1,316 20 1,345 1,907 3,650 6,992 2,476 Public and publicly guaranteed 12 875 -1,975 -340 -485 -58 -545 -25 269 5,917 Official creditors 7 431 -344 -290 -719 135 -160 -29 -70 5,490 Multilateral 2 125 -460 -503 -775 -196 -386 -221 -197 608 Concessional 0 6 -12 -12 9 10 -1 -3 -19 -17 Bilateral 5 306 116 214 56 330 226 192 128 4,882 Concessional 3 148 292 135 48 179 -8 372 375 185 Private creditors 5 444 -1,631 -50 235 -192 -385 5 339 427 Bonds 0 35 -133 -135 244 57 588 -54 318 675 Commercial banks -1 438 - 1,444 64 -6 -84 -586 461 159 -159 Other private 5 -29 -55 21 -4 -165 -387 -402 -138 -89 Private nonguaranteed 45 475 2,221 1,656 505 1,403 2,452 3,674 6,723 -3,441 Bonds 0 0 -2 15 257 1,712 3,098 1,859 2,766 330 Commercial banks 45 475 2,223 1,641 248 -309 -646 1,816 3,957 -3,772 Memo: IBRD 1 66 -222 -233 -637 -178 -431 -190 -180 147 IDA C 4 -2 -2 -2 -2 -3 -3 -3 -3 DEBT SERVICE (LTDS) 164 1,254 4,343 4,036 5,074 6,113 7,189 7,053 7,386 9,591 Public and publicly guaranteed 39 441 3,271 1,827 2,096 2,162 2,662 2,771 2,159 1,950 Official creditors 31 191 1,230 1,113 1,478 1,059 1,350 1,447 1,424 1,087 Multilateral 18 ill 723 764 1,058 529 717 579 482 454 Concessional 0 1 13 15 15 16 18 20 19 17 Bilateral 13 80 508 350 420 529 634 868 942 634 Concessional 8 32 212 271 328 411 495 671 620 479 Private creditors 8 250 2,041 714 618 1,103 1,311 1,325 735 863 Bonds 0 9 133 135 56 186 102 296 197 380 Commercial banks 1 168 1,554 324 327 673 816 621 399 390 Other private 7 73 354 255 235 244 394 407 140 93 Private nonguaranteed 124 814 1,071 2,210 2,978 3,951 4,527 4,282 5,227 7,641 Bonds 0 0 2 3 2 11 67 222 604 934 Commercial banks 124 814 1,070 2,207 2.976 3,940 4,460 4,060 4,623 6,707 Memo: IBRD 18 79 396 395 814 347 559 336 318 296 IDA 0 1 2 2 2 2 3 3 3 3 UNDISBURSED DEBT 156 3,023 3,637 3,281 4,758 6,575 8,318 7,758 7,050 7,510 Official creditors 145 2,658 2,936 2,730 3,350 5,185 6,494 5.752 5,424 5,681 Private creditors 1l 364 701 551 1.408 1,390 1,824 2,006 1,626 1,829 Memorandum items Concessional LDOD 93 829 4,286 4,822 5,029 5,877 6,733 7,138 6,939 6,586 Variable rate LDOD 402 2,903 10,248 14,994 16,524 18,052 22,824 27,857 39,467 38,256 Public sector LDOD 312 3,943 12.531 13,309 13,363 14,776 16,266 16,870 16,773 22,009 Private sector LDOD 414 1,703 7,311 11,971 13,775 15,307 20,152 25,117 36,235 34,142 6. C L RRENCV (ONIPOSITION OF LONG-T ERM DEBTI PLR4CE NTI Deutsche mark 17.6 4.7 3.6 3.7 3.8 2.3 2.3 2.4 2.1 1.4 French franc 0.0 1.8 1.0 1.0 1.3 1.2 1.2 1.2 1.1 0.8 Japanese yen 6.0 25.3 42.9 45.4 47.0 49.9 50.8 47.9 45.1 39.3 Pound sterling 2.4 0.2 0.4 0.4 0.3 0.2 0.2 0.2 0.1 0.1 Swiss franc 0.0 0.1 5.7 4.7 4.2 3.6 2.9 0.9 0.6 0.1 U.S.dollars 21.6 41.0 15.8 17.9 21.7 21.6 22.8 27.1 31.7 46.2 Multiple currency 50.7 24.3 28.1 24.8 19.7 19.7 18.5 19.2 17.8 10.9 Special drawing rights 0.0 0.0 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 All other currencies 1.7 2.6 2.3 1.9 1.7 1.3 1.0 1.1 1.2 1.1 535 THAILAND (US$ million, unless otherwise inidicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 Total amount rescheduled 0 0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest reschedujled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven ...0 7 0 0 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 N. DEBT STIOC K-F LOW RECONC IL L1TION. Total change in debt stocks .. 4,628 9.607 4,092 10,853 12,879 17,486 7,540 2,794 Net flows on debt ... 3,534 7.260 4,132 11,112 10.474 t8,215 6,616 5,637 Net change in interest arrears ...0 0 0 0 0 0 0 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 -7 0 0 0 0 0 0 Cross-currency valuation ... 1,220 877 -433 1,823 2,848 -458 -3,532 -2,983 Residual ... -126 1,477 393 -2,082 -443 -271 4,456 140 ALL CREDITORS Interest (%) 6.8 9.5 4.8 5.0 6.6 4.7 4.8 5.4 4.6 6.0 Maturity (years) 19.2 16.8 22.1 19.0 18.9 19.7 17.0 15.21 18.4 12.4 Grace period (years) 4.3 5.3 7.2 4.7 5.7 5.3 4.7 5.5 6.4 5.9 Grant element (%) 19.6 6.6 38.2 33.4 19.7 35.4 31.0 27.9 36.3 22.1 Official creditors Interest (%) 6.8 7.1 4.4 3.5 6.0 4.1 4.3 4.4 4.0 5.9 Maturity (years) 19.6 21.4 25.6 24.7 20.5 22.4 20.0 23.5 23.0 12.7 Grace period (years) 4.4 5.9 7.8 6.8 5.6 5.8 5.1 6.4 6.2 5.6 Grant element (%) 19.7 20.6 43.3 48.0 27.0 41.6 37.4 40.9 43.7 22.8 Private creditors Interest (%) 6.0 13.8 5.8 7.1 7.1 6.5 5.7 6.2 6.1 6.6 Maturity (years) 11.5 8.7 14.7 10.7 t17.5 11.1 12.5 8.8 7.8 10.9 Grace period (years) 3.0 4.1 5.9 1.6 5.9 3.7 4.1 4.8 6.9 6.9 Grant element (%) 18.6 -18.3 27.5 12.2 13.2 15.6 21.2 17.8 18.9 18.5 Memorandum items Commitments 106 1,877 1,755 1,"56 3,210 3,702 3,471 2,720 2.335 8,941 Official creditors 100 1,199 1,196 745 1,499 2,815 2,096 1.190 1,639 7,445 Private creditors 6 678 560 511 1,711 887 1,375 1,530 696 1,496 10. (ONTRACTULALi OBLIG ATIONS ON OL!FUSTA.NDIN;- LONG-'IERIN DEB[ 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 2,415 2,022 1,258 764 333 160 86 13 6 3 Prin[cipal 6,410 8,644 6,407 6.413 4,420 5,433 4,569 5,164 3,917 2,885 Interest 3,320 2,925 2,473 2,115 1,781 1,560 1,256 986 690 506 Official creditors Disbursements 1,633 1,590 1,127 730 332 160 86 13 6 3 Principal 694 682 778 881 956 1,929 2,870 2,855 953 948 Interest 826 860 873 869 846 805 666 497 361 319 Bilateral creditors Disbursements 1,191 1,078 662 394 208 96 47 0 0 0 Principal 379 404 498 536 570 1,538 2,499 2,493 591 587 Interest 578 593 597 590 579 559 443 297 184 166 Multilateral creditors Disbursements 442 513 464 336 124 64 39 12 6 3 Principal 315 278 280 345 385 391 371 362 361 361 Interest 248 267 277 280 267 246 223 200 177 153 Private creditors Disbursements 782 432 131 34 1 0 0 0 0 0 Principal 5,716 7,962 5,629 5,532 3,465 3,504 1,699 2,310 2,964 1,937 Interest 2,495 2,065 1,600 1,246 936 754 589 489 328 187 Commercial banks Disbursements 597 313 131 34 1 0 0 0 0 0 Principal 387 598 508 420 410 382 394 326 176 149 Interest 221 220 187 158 132 105 82 55 37 28 Other private Disbursemenits 185 119 0 0 0 0 0 0 0 0 Principal 5,329 7,364 5,121 5,112 3,055 3,122 1,305 1,984 2,788 1,788 Interest 2,274 1.845 1,413 1,088 804 649 508 434 291 159 536 TOGO (US$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUMMLARY DEBT DI)TAA TOTAL DEBT STOCKS (EDT) . 1,049 1,275 1,342 1,339 1,278 1,444 1,464 1,479 1,339 Long-term debt (LDOD) 40 896 1,075 1,130 1,122 1,112 1,218 1,274 1,301 1,207 Public and publicly guaranteed 40 896 1,075 1,130 1,122 1, 1 12 1,218 1,274 1,301 1,207 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 33 87 79 77 69 82 105 90 88 Short-term debt -- 120 113 133 141 97 145 85 88 44 of which interest arrears on LDOD .. 15 1 16 32 5 1 85 27 27 3 Official creditors ..7 1 11 24 41 73 13 3 3 Private creditors ..9 0 5 8 10 12 14 24 0 Memo: principal arrears on LDOD .. 34 3 5 20 54 112 64 59 2 Official creditors .. 14 2 4 10 33 79 18 9 2 Private creditors .. 19 1 1 10 21 34 46 50 0 Memo: export credits -.. 351 339 345 277 282 299 285 261 TOTAL DEBT FLOWS Disbursements 5 119 104 67 55 17 55 59 97 69 Long-term debt 5 97 83 67 44 17 40 26 97 54 IMF purchases 0 22 21 0 11 0 16 33 0 15 Principal repayments 2 19 43 27 19 14 13 18 32 39 Long-term debt 2 19 27 19 9 6 6 7 20 27 IMF repurchases 0 0 16 8 10 8 7 11 12 12 Net flows on debt 3 101 10 44 27 -60 56 39 68 10 of wbicb short-term debt ... -51 5 -8 -62 13 -2 3 -20 Interest payments (INT1 - 34 43 27 17 12 10 11 26 16 Long-term debt 1 19 33 19 10 7 6 8 23 13 IMF cbarges 0 0 4 3 2 1 0 1 1 0 Short-term debt .. 14 6 5 5 4 4 3 2 2 Net transfers on debt -. 67 -33 17 11 -72 46 27 42 -6 Total debt service paid (TDS) -. 52 86 54 36 27 23 29 58 55 Long-term debt 2 38 60 39 19 13 12 14 44 40 IMP repurchases and charges 0 0 20 11 12 10 7 12 12 12 Short-term debt (interest only) .. 14 6 5 5 4 4 3 2 2 2. %6GRE(GATE NET RESOL RU'E FL.OW%S XND NET' TRALNSFERS ilO\i(;-rF.RM NET RESOURCE FLOWS 11 136 176 135 142 66 107 141 150 84 Net flow of long-tent debt (ex. IMP) 3 78 56 47 35 11 34 19 77 27 Foreign direct investment (net) 1 42 0 7 0 0 0 0 0 0 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 7 15 120 81 107 55 73 123 73 57 Memo: technical coop. grants 7 29 61 58 54 38 23 32 32 29 official net resource flows 11 53 176 128 142 66 107 141 150 90 private net resource flows 0 83 0 7 0 0 0 0 0 -6 NET TRANSFERS 5 116 131 103 118 50 95 129 119 65 Interest on long-tern debt 1 19 33 19 10 7 6 8 23 13 Profit remittances on FDI 6 0 12 12 14 9 6 5 7 6 Memo: official net transfers 10 41 148 109 132 59 101 134 126 77 private net transfers -6 75 -17 -6 -14 -9 -6 -5 -7 -12 3. NIx%IOR ECONOMIC -AGGREGA;.TEs, Gross national product (GNP) 248 1,096 1,598 1,572 1,665 1,207 931 1,265 1,258 1,444 Exports of goods & services (XGS) .. 580 723 690 597 361 434 646 696 676 of which xvorkers remittances .. 10 27 29 16 9 15 20 26 30 Imports of goods & services (MGS) .. 752 912 912 809 566 512 723 771 762 International reserves (RES) . 85 358 369 277 161 99 135 93 122 Current account balance .. -95 -84 -141 -139 -174 -63 4. DEBT 1NDICATORS EDT /XGS (% . 180.8 176.4 194.6 224.5 354.5 332.5 226.7 212.6 198.0 EDT /GNP (% . 95.7 79.8 85.4 80.4 105.9 155.1 115.7 117.6 92.7 TDS /XGS (% . 9.0 11.9 7.9 6.1 7.3 5.3 4.5 8.4 8.1 INT /XGS (% . 5.8 6.0 3.9 2.8 3.5 2.3 1.8 3.8 2.4 INT /GNP ().. 3.1 2.7 1.7 1.0 1.0 1.1 0.9 2.1 1.1 RES /EDT (% . 8.1 28.1 27.5 20.7 12.6 6.9 9.2 6.3 9.1 RES /MGS (months) .. 1.4 4.7 4.9 4.1 3.4 2.3 2.2 1.4 1.9 Short-term /EDT (%) .. 11.5 8.9 9.9 10.5 7.6 10.0 5.8 5.9 3.3 Concessional / EDT (% . 23.3 54.8 56.6 58.8 62.2 60.9 61.5 65.0 71.3 Multilateral / EDT (%) .. 11.0 43.9 45.1 45.7 48.3 46.9 48.7 50.0 53.5 537 TOGO (US8$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LO(NG.-TERMN DEBT DEBT OUTSTANDING (LDOD) 40 896 1,075 1,130 1,122 1,112 1,218 1,274 1,301 1,207 Public and publicly guaranteed 40 896 1,075 1,130 1,122 1,112 1,218 1,274 1,301 1,207 Official creditors 32 481 1,023 1,078 1,071 1,063 1,167 1,223 1,251 1,207 Multilateral 2 116 560 605 611 617 677 713 740 717 Concessional 2 90 516 565 577 584 646 681 718 703 Bilateral 30 365 463 474 460 445 490 510 511 491 Concessional 30 155 183 195 211 211 234 220 244 252 Private creditors 8 415 52 52 51 50 51 52 50 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 96 51 50 49 48 50 52 50 0 Other private 8 319 1 1 1 1 1 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 4 5 0 0 0 0 0 0 0 IDA 2 43 393 444 460 469 513 541 576 561 DISBURSEMENTS 5 97 83 67 44 17 40 26 97 54 Public and publicly guaranteed 5 97 83 67 44 17 40 26 97 54 Official creditors 4 47 83 67 44 17 40 26 97 54 Multilateral 1 35 45 58 38 16 39 26 72 35 Concessional 1 30 44 52 37 13 39 26 70 35 Bilateral 3 12 38 9 6 1 1 0 25 19 Concessional 3 5 38 9 6 1 1 0 25 19 Private creditors 0 50 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 2 0 0 0 0 0 0 0 0 Other private 0 47 0 0 0 0 0 0 0 0 Private nonguarauteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 1 13 31 48 32 9 28 20 56 17 PRINCIPAL REPAYMENTS 2 19 27 19 9 6 6 7 20 27 Public and publicly guaranteed 2 19 27 19 9 6 6 7 20 27 Official creditors 1 10 27 19 9 6 6 7 20 21 Multilateral 0 0 17 15 8 6 6 6 17 16 Concessional 0 0 5 5 3 4 4 6 12 9 Bilateral 1 9 10 4 2 0 0 1 4 5 Concessional 1 1 1 4 2 0 0 1 3 3 Private creditors 1 9 0 0 0 0 0 0 0 6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 4 0 0 0 0 0 0 0 6 Other private 1 4 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 8 6 0 0 0 0 0 0 IDA 0 0 1 1 1 2 3 3 4 4 NET FLOWS ON DEBT 3 78 56 47 35 11 34 19 77 27 Public and publicly guaranteed 3 78 56 47 35 11 34 19 77 27 Official creditors 3 38 56 47 35 11 34 19 77 33 Multilateral 1 35 28 42 31 10 33 20 55 19 Concessional 1 30 39 47 34 10 35 20 58 26 Bilateral 2 3 28 5 4 1 1 -1 21 14 Concessional 2 4 37 6 4 1 1 -1 22 16 Private creditors -1 41 0 0 0 0 0 0 0 -6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -2 0 0 0 0 0 0 0 -6 Other private -1 43 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonids 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 -8 -6 0 0 0 0 0 0 IDA 1 13 30 47 3 1 7 25 17 52 13 538 TOGO (US$ million, unzless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 1 19 33 19 10 7 6 8 23 13 Public and publicly guaranteed 1 19 33 19 10 7 6 8 23 13 Official creditors 1 12 28 19 10 7 6 8 23 13 Multilateral 0 2 8 7 7 6 6 5 8 7 Concessional 0 1 4 4 5 5 5 4 7 6 Bilateral 1 9 20 12 3 1 0 3 15 6 Concessional 1 0 4 4 2 1 0 1 6 2 Private creditors 0 8 5 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 8 5 0 0 0 0 0 0 0 Other private 0 0 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 1 0 0 0 0 0 0 0 IDA 0 0 3 3 3 4 4 4 5 4 NET TRANSFERS ON DEBT 2 59 23 28 25 4 28 11 53 14 Public and publicly guaranteed 2 59 23 28 25 4 28 11 53 14 Official creditors 3 26 28 28 25 4 28 1 1 53 20 Multilateral 1 33 20 35 24 4 27 15 47 12 Concessional 1 29 35 43 29 5 30 16 51 20 Bilateral 2 -7 7 -7 1 0 1 -4 6 8 Concessional 23 33 2 2 0 1 -2 1 7 13 Private creditors -1 33 -5 0 0 0 0 0 0 -6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -10 -5 0 0 0 0 0 0 -6 Other private -1 43 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 -9 -6 0 0 0 0 0 0 IDA 1 12 28 44 29 3 21 14 47 9 DEBT SERVICE (LTDS) 2 38 60 39 19 13 12 14 44 40 Public and publicly guaranteed 2 38 60 39 19 13 12 14 44 40 Official creditors 2 21 55 39 19 13 12 14 44 34 Multilateral 0 3 25 22 14 12 12 11 25 23 Concessional 0 1 9 9 8 9 9 10 19 15 Bilateral 2 19 30 16 5 1 0 4 19 11 Concessional 2 2 5 7 4 1 0 2 8 5 Private creditors 1 16 5 0 0 0 0 0 0 6 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 12 5 0 0 0 0 0 0 6 Other private 1 5 0 0 0 0 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 9 6 0 0 0 0 0 0 IDA 0 0 4 4 4 6 7 6 9 8 UNDISBURSED DEBT 7 155 277 213 208 190 138 156 172 207 Official creditors 6 152 277 213 208 190 138 156 172 207 Private creditors 1 3 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 31 245 699 760 788 795 880 901 962 955 Variable rate LDOD 0 108 37 37 37 37 37 129 146 130 Public sector LDOD 36 895 1,075 1,130 1,122 1,112 1,218 1~274 1,301 1,207 Private sector LDOD 3 1 0 0 0 0 0 0 0 0 6.C 1RRE.NCI CO-NTPOS[lTIOS OF LON(;-TE.R.NI DEBTr W ERC ENF'i Deutsche mark 62.4 17.6 2.0 2.0 1.9 1.9 1.9 1.9 1.7 1.4 French franc 7.8 24.2 12.9 13.5 13.3 13.0 13.1 9.1 8.7 7.4 Japanese yen 0.0 0.0 3.0 3.1 3.1 3.5 3.6 3.4 4.7 5.8 Pound sterling 0.0 5.9 1.9 1.9 1.7 1.7 1.6 1.7 1.7 1.7 Swiss franc 0.0 10.3 10.3 9.0 8.8 9.0 9.3 11.0 10.1 10.4 U.S.dollars 15.3 19.6 44.4 46.4 47.6 47.9 47.3 47.8 49.5 49.7 Multiple currency 0.0 2.3 7.6 6.9 7.0 7.0 7.3 7.5 7.2 7.1 Special drawing rights 0.0 0.0 1.0 0.9 1.0 1.1 1.0 1.0 1.1 1.1 All other currencies 14.6 20.2 16.9 16.4 15.6 14.9 14.7 16.7 15.3 15.3 539 TOGO (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DLBI RESTRU'LTURJNC;S Total amnount rescheduled 0 .. 79 31 40 12 0 133 39 35 Debt stock rescheduled 0 0 0 0 0 0 1 0 0 Principal rescheduled 0 66 20 26 1 1 0 64 1 1 15 Official 0 66 20 26 1 1 0 63 1 1 15 Private 0 0 0 0 0 0 1 0 0 Interest rescheduled 0 12 5 10 I 0 63 16 15 Official 0 12 5 10 1 0 63 16 15 Private 0 0 0 0 0 0 0 0 0 Debt forgiven 18 2 3 3 0 85 5 4 Memo: interest forgiven ..0 1 3 0 0 23 3 35 Debt stock reduction 0 0 0 0 0 0 0 0 49 of which debt buyback 0 ..0 0 0 0 0 0 0 6 S1. DULl- sTrO-( K-FL01% RIACONCII L-AT10N Total change in debt stocks ... 98 67 -2 -61 166 20 16 -140 Net flows on debt ... 10 44 27 -60 56 39 68 10 Net change in interest arrears ...1 15 16 19 34 -58 0 -24 Interest capitalized ... 12 5 10 1 0 63 16 15 Debt forgiveness or reduction ... -18 -2 -3 -3 0 -85 -5 -47 Cross-currency valuation ... 70 -6 -34 -18 56 45 -45 -51 Residual ... 2-5 1 1 -19 -1 21 16 -19 -43 9. AV% F R.AGE TERMIS OF NEA~ O ~NIN111NIN NT.S ALL CREDITORS Interest (% 4.6 4.0 0.8 0.7 0.8 0.0 0.0 0.7 1.0 1.0 Maturity (years) 16.8 24.5 41.4 39.7 49.0 0.0 0.0 39.3 33.3 38.8 Grace period (years) 4.4 7.4 11.7 10.2 27.1 0.0 0.0 9.8 8.9 9.6 Grant clement (11) 32.8 46.5 81.0 80.5 89.1 0.0 0.0 80.0 72.9 76.8 Official creditors Interest (%) 3.5 3.2 0.8 0.7 0.8 0.0 0.0 0.7 1.0 1.0 Maturity (years) 21.3 26.7 41.4 39.7 49.0 0.0 0.0 39.3 33.3 38.8 Grace period (years) 5.4 8.0 11.7 10.2 27.1 0.0 0.0 9.8 8.9 9.6 Grant element (%) 42.6 52.6 81.0 80.5 89.1 0.0 0.0 80.0 72.9 76.8 Private creditors Interest (%) 7.6 10.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 4.2 6.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 1.6 2.7 0.0 0.0 0. 0.0 0.0 0.0 0.0 0.0 Grant elemDent ('11) 5.5 -1.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 3 97 105 14 54 0 0 63 119 102 Official creditors 2 86 105 14 54 0 0 63 119 102 Private creditors I 11 0 0 0 0 0 0 0 0 Mi. CO%I RAC R B.(XIN ON01 S rA.NDININ LA IN(;-'IER%1 DEWIl 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 41 50 38 27 18 11 6 0 0 0 Principal 36 44 45 45 45 44 42 33 33 36 Interest 33 32 31 29 28 26 24 23 22 21 Official creditors Disbursements 41 50 38 27 18 11 6 0 0 0 Principal 36 44 45 45 45 44 42 33 33 36 Interest 33 32 31 29 28 26 24 23 22 21 Bilateral creditors Disbursements 4 3 2 1 1 0 0 0 0 0 Principal 22 30 30 29 30 28 25 15 12 14 Interest 27 26 25 23 21 19 18 16 16 15 Multilateral creditors Disbursements 37 47 36 26 18 11 6 0 0 0 Principal 14 14 15 16 15 16 18 18 21 22 Interest 6 6 6 7 7 7 6 6 6 6 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 0 0 0 0 0 0 0 0 0 Interest 0 0 0 00 0 0 0 0 0 540 TONGA (US$ miillion, untless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SU9%IM-dfl1 DEll! DA I A TOTAL DEBT STOCKS (EDT) . .. 53.7 45.0 43.5 44.2 64.4 70.1 69.6 61.2 Long-term debt (LDOD) ... 44.5 44.2 42.6 43.7 63.4 68.7 68.3 66.2 Public and publicly guarantecd . .. 44.5 44.2 42.6 43.7 63.4 68.7 68.3 60.2 Private nonguaranteed ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-termn debt ... 9.2 0.8 0.8 0.6 1.0 1.3 1.3 1.0 of which interest arrears on LDOD ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Privatc creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits ... 1.0 1.0 1.0 1.0 8.0 1.0 1.0 1.0 TOTAL DEBT FLOWS Disbursements . .. 3.3 2.0 2.2 3.3 7.7 6.2 5.4 2.6 Long-term debt ... 3.3 2.0 2.2 3.3 7.7 6.2 5.4 2.6 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments ... 1.0 1.1 1.0 1.2 2.1 2.4 3.3 4.5 Long-term debt ... 1.0 1.1 1.0 1.2 2.1 2.4 3.3 4.5 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt . .. 10.4 -7.6 1.3 1.9 6.0 4.1 2.1 -2.2 of which short-term debt ... 8.2 -8.5 0.1 -0.3 0.4 0.3 0.0 -0.3 Interest payments (INT) ... 0.9 0.5 0.6 0.6 0.6 0.8 0.8 1.3 Long-term debt ... 0.5 0.5 0.5 0.5 0.6 0.7 0.7 1.2 IMF chiarges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt ... 0.4 0.1 0.0 0.1 0.1 0.1 0.1 0.0 Net transfers on debt . .. 9.5 -8.2 0.7 1.3 5.3 3.3 1.3 -3.5 Total debt service paid (TDS) . .. 1.9 1.7 1.6 1.7 2.7 3.2 4.1 5.8 Long-term debt ... 1.5 1.6 1.6 1.7 2.7 3.1 4.0 5.7 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) ... 0.4 0.1 0.0 0.1 0.1 0.1 0.1 0.0 2..-AGGREG AltE NET RESOURCE FLOW'SAND NET TRANSFERS% iLONG,.TERMIU NET RESOURCE FLOWS . .. 19.1 7.9 11.2 19.3 22.8 24.1 16.4 9.1 Net flow of long-term debt (ex. IMF) ... 2.2 0.9 1.2 2.2 5.6 3.8 2.1 -1.9 Foreign direct investment (net) . .. 0.0 0.0 1.0 2.0 2.0 2.0 2.0 3.0 Portfolio equity flows ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) . .. 16.9 7.0 9.0 15.1 15.2 18.3 12.3 8.0 Memo: technical coop. grants . .. 10.9 11.0 14.0 14.4 14.0 16.4 17.5 16.9 official net resource flows . .. 19.1 7.9 10.2 17.3 20.8 22.1 14.0 8.5 private net resource flows . .. 0.0 0.0 1.0 2.0 2.0 2.0 2.4 0.5 NET TRANSFERS . .. 18.6 7.4 10.2 18.7 22.2 23.4 15.7 7.9 Interest on long-term debt ... 0.5 0.5 0.5 0.5 0.6 0.7 0.7 1.2 Profit remittances on FDI . .. 0.0 0.0 0.5 0.0 0.0 0.0 0.0 0.0 Memo: official net transfers ... 18.6 7.4 9.7 16.8 20.2 21.4 13.3 7.9 private net transfers ... 0.0 0.0 0.5 2.0 2.0 2.0 2.4 -0. 1 3. NIA.JOR Et. ONOMlIC A(;UREGA-I ES Gross national product (GNP) . .. 117.3 139.2 143.5 145.2 159.1 165.7 180.7 189.8 Exports of goods & ser-vices (XGS) ... 66.5 55.2 53.3 56.4 57.9 62.2 81.7 82.0 of which workers remittances ... 23.0 17.8 20. 1 18.8 19.1 20.6 29.7 30.0 imports of goods & services (MGS) ... 75.0 73.0 74.8 80.1 90.7 114.0 111.0 115.0 International reserves (RES) . .. .. .. Current account balance ... 5.8 -0.1 -0.5 -5.9 . 4. l)EBI INDICAF'ORS EDT /XGS (%) . .. 80.7 81.5 81.6 78.4 111.2 112.6 85.2 74.6 EDT,/ GNP (%) ... 45.8 32.3 30.3 30.5 40.5 42.3 38.5 32.2 TDS / XGS (%) . .. 2.9 3.0 3.0 3.1 4.7 5.2 5.0 7.0 INTI/ XGS (%) ... 1.3 1.0 1.1 1.0 1.1 1.3 0.9 1.5 INT/ GNP (%) . .. 0.8 0.4 0.4 0.4 0.4 0.5 0.4 0.7 RES/EDT (%) . . . .. .. RES /MGS (months).. . .. . Short-term / EDT (91) ... 17.2 1.7 2.0 1.3 1.6 1.9 1.9 1.6 Concessional /EDT (9). . 72.2 85.9 86.3 86.1 73.2 75.4 76.4 80.1I Multilateral / EDT (91) ... 42.4 52.3 55.4 60.8 56.1 59.5 62.7 67.8 541 TONGA (US$ million, unzless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. L.ON(G-lERNI DEBt' DEBT OUTSTANDING OLDOD) ... 44.5 44.2 42.6 43.7 63.4 68.7 68.3 60.2 Public and publiclly guaranteed .. 44.5 44.2 42.6 43.7 63.4 68.7 68.3 60.2 Official creditors .. 44.5 44.2 42.6 43.71 53.3 58.5 58.0 52.9 Multilateral . 2227 235 241 26-9 3641 41.7 4316 41.5 Concessional ... 18.0 18.7 19.6 21.7 30.2 36.0 38.8 37.6 Bilateral .. 21.7 20.7 18.5 16.8 17.2 16.8 14.4 11.4 Concessional ... 20.8 19.9 18.0 16.4 16.9 16.8 14.4 11.4 Private creditors ... 0.0 0.0 0.0 0.0 10.1 10.2 10.3 7.2 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 10.1 10.2 10.3 7.2 Private nonguaraniteed . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 2.6 3.2 3.2 3.4 4.4 4.8 4.6 4.3 DISBURSEMENTS . . 3.3 2.0 2.2 3.3 7.7 6.2 5.4 2.6 Public and publicly guaranteed . . 3.3 2.0 2.2 3.3 7.7 6.2 5.4 2.6 Official creditors ... 3.3 2.0 2.2 3.3 7.7 6.2 3.9 2.6 Multilateral . . 3.3 2.0 2.2 3.3 7.7 6.2 3.9 2.6 Concessional .. 3.2 1.5 1.8 2.0 7.0 6.2 3.9 2.4 Bilateral . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Concessional ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pr-ivate creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 1.5 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private . . 0.0 0.0 0.0 0.0 0.0 0.0 1.5 0.0 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.0 0.6 0.1 0.2 0.8 0.2 -0.1I 0.0 PRINCIPAL REPAYMENTS . . 1.0 1.1 1.0 1.2 2.1 2.4 3.3 4.5 Public and publicly guaranteed . . 1.0 1.1 1.0 1.2 2.1 2.4 3.3 4.5 Official creditors ... 1.0 1.1 1.0 1.2 2.1 2.4 2.2 2.1 Multilateral ... 0.5 0.5 0.4 0.5 0.7 0.8 0.9 0.9 Concessional ... 0.3 0.2 0.2 0.2 0.2 0.2 0.3 0.3 Bilateral ... 0.5 0.6 0.6 0.7 1.4 1.7 1.3 1.2 Concessional ... 0.4 0.5 0.5 0.5 1.2 1.4 1.3 1.2 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 1.2 2.5 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 1.2 2.5 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT . . 2.2 0.9 1.2 2.2 5.6 3.8 2.1 -1.9 Public and publicly guaranteed . . 2.2 0.9 1.2 2.2 5.6 3.8 2.1 .1.9 Official creditors . . 2.2 0.9 1.2 2.2 5.6 3.8 1.7 0.5 Multilateral ... 2.8 1.5 1.8 2.8 7.0 5.4 3.0 1.7 Concessional ... 2.9 1.3 1.6 1.8 6.7 6.0 3.6 2.1 Bilateral . . -0.5 -0.6 -0.6 -0.7 -1.4 -1.7 -1.3 -1.2 Concessional ... -0.4 -0.5 -0.5 -0.5 -1.2 -1.4 -1.3 -1.2 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.4 -2.5 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.4 -2.5 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.0 0.6 0.1 0.2 0.8 0.2 -0.1I 0.0 542 TONGA (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) ... 0.5 0.5 0.5 0.5 0.6 0.7 0.7 1.2 Public and publicly guaranteed ... 0.5 0.5 0.5 0.5 0.6 0.7 0.7 1.2 Official creditors ... 0.5 0.5 0.5 0.5 0.6 0.7 0.7 0.6 Multilateral ... 0.2 0.2 0.3 0.3 0.4 0.5 0.6 0.5 Concessional ... 0.1 0.2 0.2 0.2 0.2 0.3 0.4 0.4 Bilateral ... 0.3 0.2 0.2 0.2 0.2 0.2 0.1 0.1 Concessional ... 0.2 0.2 0.2 0.2) 0.2 0.2 0.1 0.1 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.6 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET TRANSFERS ON DEBT . . 1.7 0.4 0.7 1.6 5.0 3.1 1.4 3.31 Public and publicly guaranteed . . 1.7 0.4 0.7 1.6 5.0 3.1 1.4 -3.1 Official creditors ... 1.7 0.4 0.7 1.6 5.0 3.1 1.0 -0.1 Multilateral ... 2.5 1.2 1.5 2.5 6.6 4.9 2.4 1.2 Concessional ... 2.8 1.2 1.4 1.6 6.5 5.7 3.2 1.7 Bilateral ... -0.8 -0.9 -0.9 -0.9 -1.6 -1.9 -1.4 -1.3 Concessional ... -0.5 -0.6 -0.7 -0.7 -1.4 -1.5 -1.4 -1.3 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.4 -3.1 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private . 0.0 0.0 0.0 0.0 0.0 0.0 0.4 -3.1 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ..0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 1.0 0.5 0.1 0.2 0.8 0.2 -0. 1 0.0 DEBT SERVICE (LTDS) . . 1.5 1.6 1.6 1.7 2.7 3.1 4.0 5.7 Public and publicly guaranteed . . 1.5 1.6 1.6 1.7 2.7 3.1 4.0 5.7 Official creditors ... 1.5 1.6 1.6 1.7 2.7 3.1 2.9 2.7 Multilateral ... 0.7 0.7 0.7 0.8 1.1 1.3 1.5 1.4 Concessional ... 0.4 0.4 0.3 0.4 0.4 0.5 0.7 0.7 Bilateral ... 0.8 0.9 0.9 0.9 1.6 1.9 1.4 1.3 Concessional ... 0.5 0.6 0.7 0.7 1.4 1.5 1.4 1.3 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 1.2 3.1 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private ... 0.0 0.0 0.0 0.0 0.0 0.0 1.2 3.1 Private nonguaranteed . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 UNDISBURSED DEBT ... 18.0 23.1 19.9 20.2 15.2 19.9 15.8 15.8 Official creditors ... 18.0 23.1 19.9 20.2 13.7 18.3 15.8 15.8 Private creditors ... 0.0 0.0 0.0 0.0 1.6 1.6 0.0 0.0 Memorandum items Concessional LDOD ... 38.8 38.6 37.5 38.1 47.1 52.8 53.2 49.0 Variable rate LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Public sector LDOD ... 44.5 44.2 42.6 43.7 63.4 68.7 68.3 60.2 Private sector LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6,. C.LRR.ENCYt CiO!NPO.sl [ION OF LONG-TERM' D)EBT W E R(ENTi Deutsche mark ... 40.7 39.8 38.2 34.3 24.8 23.0 19.8 17.9 French franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Japanese yen ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling ... 5.8 5.2 3.8 3.2 1.9 1.5 1.3 1.0 Swiss franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars ... 1.1 2.3 2.6 2.7 3.5 3.5 3.4 3.7 Multiple currencyv.. 45.4 46.6 49.7 55.2 65.3 67.7 70.1 71.5 Special drawing rights ... 0.0 0.0 0.0 0.0 1.6 2.2 3.5 4.3 All other currencies . 7.0 6.1 5.6 4.6 3.0 2.2 1.9 1.7 543 TONGA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RE'.TRUCI L RINGS Total amount rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buyback ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEBU F,TOC K-FL01% RECON-CIlLTION Total change in debt stocks ... 15.0 -8.7 -1.5 0.8 20.2 5.7 -0.4 -8.5 Net flows on debt ... 10.4 -7.6 1.3 1.9 6.0 4.1 2.1 -2.2 Net change in interest arrears ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0. 0.0 0.0 Debt forgiveness or reduction ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 3.3 -0.4 -1.5 -1.1 2.1 1.4 -1.1 -1.7 Residual ... 1.0 -0.6 -1.3 0.0 12.1 0.2 -1.4 -4.5 EJ A ERAG E' tRNS O[\E (ONI I FUEN TS ALL CREDITORS Interest (%) ... 0.9 1.0 0.0 1.6 0.0 4.4 3.5 3.4 Maturity (years) ... 39.7 39.3 0.0 39.1 0.0 39.0 39.7 39.1 Grace period (years) ... 10.2 9.8 0.0 8.5 0.0 9.5 10.2 9.6 Grant element (%) . . 79.5 77.9 0.0 68.6 0.0 47.6 55.8 56.6 Official creditors Interest (%) ... 0.9 1.0 0.0 1.6 0.0 4.4 3.5 3.4 Maturity (years) . . 39.7 39.3 0.0 39.1 0.0 39.0 39.7 39.1 Grace period (years) ... 10.2 9.8 0.0 8.5 0.0 9.5 10.2 9.6 Grant element (%) ... 79.5 77.9 0.0 68.6 0.0 47.6 55.8 56.6 Private creditors Interest (%) . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments . . 5.7 7.3 0.0 4.2 0.0 10.5 3.5 4.6 Official creditors ... 5.7 7.3 0.0 4.2 0.0 10.5 3.5 4.6 Private creditors ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IiJ. CONTRACTI,' U. 0BLItG.-TI0N_,s ON OLFi'STANDING LONG-TER.NM DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 4.0 4.3 3.5 1.9 1.1 0.5 0.2 0.1 0.1 0.0 Principal 4.6 4.6 4.7 2.5 2.1 2.0 2. 2 2.4 2.4 2.5 Interest 1.1 1.0 0.9 0.8 0.7 0.7 0.7 1.0 1.0 1.0 Official creditors Disbursements 4.0 4.3 3.5 1.9 1.1 0.5 0.2 0.1 0.1 0.0 Principal 2.2 2.1 2.3 2.5 2.1 2.0 2.2 2,4 2.4 2.5 Interest 0.7 0.7 0.8 0.8 0.7 0.7 0.7 1.0 1.0 1.0 Bilateral creditorS Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 1.1 1.0 1.0 1.0 0.9 0.9 0.9 0.9 0.9 0.9 Interest 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 Multilateral creditors Disbursements 4.0 4.3 3.5 1.9 1.1 0.5 0.2 0.1 0.1 0.0 Principal 1.1 1.1 1.3 1.5 1.2 1.1 1.3 1.4 1.5 1.6 Interest 0.6 0.6 0.7 0.7 0.7 0.6 0.6 1.0 1.0 0.9 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.4 2.4 2.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.4 0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 2.4 2.4 2.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.4 0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 544 TRINIDAD AND TOBAGO (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SLIMN!MAIf DEBT DATA TOTAL DEBT STOCKS (EDT) . 829 2,512 2,488 2,453 2,240 2,495 2,737 2,241 2,162 Long-term debt (LDOD) 101 713 2,055 1,976 1,973 1,958 2,079 2,032 1,948 1,583 Public and publicly guaranteed 101 713 1,782 1,750 1,788 1,807 1,962 1,941 1,870 1,529 Private nonguaranteed 0 0 273 226 186 150 118 90 78 54 Use of IMF credit 0 0 329 385 282 155 91 50 24 4 Short-term debt -- 116 127 127 197 128 324 656 270 575 of which interest arrears on LDODD. 0 0 0 0 0 1 7 10 7 Official creditors ..0 0 0 0 0 1 2 0 0 Private creditors ..0 0 0 0 0 0 5 9 6 Memo: principal arrears on LDOD 0 37 78 57 58 76 ill 108 92 Official creditors ..0 7 18 9 11 14 9 2 2 Private creditors ..0 31 60 48 47 62 102 106 91 Memo: export credits 591 598 611 672 664 653 603 848 TOTAL DEBT FLOWS Disbursements 12 363 188 152 289 287 344 127 251 83 Long-term debt 8 363 85 101 289 287 344 127 251 83 IMF purchases 5 0 103 51 0 0 0 0 0 0 Principal repayments 14 176 233 215 396 487 389 241 280 397 Long-term debt 10 176 233 215 307 358 317 198 255 379 IMF repurchases 4 0 0 0 90 129 72 44 25 18 Net flows on debt -2 187 -45 -63 -38 -270 150 212 -418 -6 of which short-term debt ...0 0 70 -70 196 326 -389 308 Interest payments (INT) . 54 216 213 180 144 155 176 194 150 Long-term debt 6 50 177 169 143 118 132 147 167 128 IMF charges 0 0 24 29 26 16 7 4 2 1 Short-term debt ..4 15 15 11 10 16 25 25 22 Net transfers on debt -- 133 -262 -276 -218 -414 -5 36 -612 -156 Total debt service paid (TDS) .. 230 449 428 576 632 545 417 474 547 Long-term debt 16 226 410 384 449 476 449 344 422 506 IMF repurchases and charges 4 0 24 29 116 146 79 48 27 19 Short-term debt (interest only) ..4 15 15 It 10 16 25 25 22 2. ACGGREG; 1TE NET RESOURCE FLOWVSAN D NEr TRAXNSFERS (LONG-TERMW NET RESOURCE FLOWS 81 372 -26 57 168 313 551 239 323 53 Net flow of long-term debt (ex. IMF) -3 187 -148 -115 -18 -71 26 -70 -4 -296 Foreign direct investment (net) 83 185 109 169 178 379 516 299 320 340 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 1 1 13 2 8 5 9 10 7 8 Memo: technical coop. grants 1 4 5 5 6 6 5 6 6 5 official net resource flows 2 115 43 27 71 45 46 58 -20 -44 private net resource flows 80 258 -69 30 97 268 505 181 343 96 NET TRANSFERS 16 -157 -401 -349 -225 -45 169 -171 -124 -374 Interest on long-term debt 6 50 177 169 143 118 132 147 167 128 Profit remittances on FDI 59 479 197 236 251 240 250 263 280 299 Memo: official net transfers -1 99 -8 -29 14 -8 -10 -8 -89 -88 private net transfers 17 -256 -393 -320 -239 -37 179 -164 -35 -286 3. MAJOR ECONOMIC AGGREG XTES Gross national product (GNP) 757 5,925 4,673 4,869 5,308 4,251 4,486 4,674 4,991 5,555 Exports of goods & services (XGS) .. 3,373 2,331 2,233 2,180 1,912 2,187 2,906 3,023 3,126 of which workers remittances ..1 3 5 6 18 26 30 30 30 Imports of goods & services (MGS) .. 2,972 1,863 2,235 2,035 1,785 1,943 2,577 2,167 2,298 International reserves (RES) .. 2,813 513 358 190 228 373 379 564 723 Current account balance .. 357 459 -5 139 113 218 294 4. DEBT INDICATORS EDT/XGS(% .. 24.6 107.7 111.4 112.5 117.2 114.1 94.2 74.1 69.1 EDT /GNP (% . 14.0 53.7 51.1 46.2 52.7 55.6 58.6 44.9 38.9 TDS /XGS (% . 6.8 19.3 19.2 26.4 33.0 24.9 14.3 15.7 17.5 INT, XGS (% . 1.6 9.3 9.5 8.3 7.5 7.1 6.0 6.4 4.8 INT /GNP ().. 0.9 4.6 4.4 3.4 3.4 3.5 3.8 3.9 2.7 RES /EDT (% . 339.4 20.4 14.4 7.8 10.2 15.0 13.8 25.2 33.4 RES /MGS (months) .. 11.4 3.3 1.9 1.1 1.5 2.3 1.8 3.1 3.8 Short-term / EDT (%) .. 14.0 5.1 5.1 8.0 5.7 13.0 23.9 12.0 26.6 Concessional / EDT (%/) .. 1.1 2.1 1.9 1.6 1.5 1.3 1.0 0.9 0.7 Multilateral / EDT (%) .. 8.6 4.1 6.3 8.5 13.1 16.0 19.2 25.6 27.0 545 TRINIDAD AND TOBAGO (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONC.-TERltl DEBTr DEBT OUTSTANDING (LDOD) 101 713 2,055 1,976 1,973 1,958 2,079 2,032 1,948 1,583 Public and publicly guaranteed 101 713 1,782 1,750 1,788 1,807 1,962 1,941 1,870 1,529 Official creditors 45 263 634 707 756 797 878 948 870 773 Multilateral 23 71 103 158 208 295 400 527 573 584 Concessional 0 1 6 6 5 4 4 4 3 4 Bilateral 22 192 532 550 549 503 478 421 297 190 Concessional 6 8 48 43 35 29 27 24 17 10 Private creditors 56 450 1,147 1,043 1,031 1,010 1,084 993 1,000 755 Bonids 36 53 335 304 304 343 450 450 575 425 Commerciat banks 15 348 624 619 545 514 495 433 347 274 Other private 4 50 188 120 182 153 139 ill 79 57 Private nonguaranteed 0 0 273 226 186 150 118 90 78 54 Bonds 0 0 0 0 0 0 0 0 00 Commercial banks 0 0 273 226 186 150 118 90 78 54 Memo: IBRD 23 57 41 38 35 57 61 72 79 76 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 8 363 85 101 289 287 344 127 251 83 Public and publicly guaranteed 8 363 85 101 289 287 344 127 251 83 Official creditoTs 5 125 43 66 131 104 95 127 101 83 Multilateral 3 11 39 64 69 93 93 125 99 83 Concessional 0 0 0 0 0 0 0 0 0 1 Bilateral 2 114 4 2 62 11 2 2 2 0 Concessional 2 0 0 0 0 0 0 0 0 0 Privatu creditors 3 238 42 34 158 184 249 0 150 0 Bonds 0 0 0 0 100 123 227 0 150 0 Commercial banks 3 197 0 3 0 27 0 0 0 0 Other private 0 41 42 32 58 34 22 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial baDks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 3 4 20 2 5 26 3 15 17 12 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 10 176 233 215 307 358 317 198 255 379 Public and publicly guaranteed 10 176 189 168 266 323 285 170 243 355 Official creditors 3 11 14 42 68 64 57 79 128 135 Multilateral 1 6 10 12 13 10 11 13 15 40 Concessional 0 0 0 1 1 1 1 1 0 0 Bilateral 3 5 3 30 55 53 47 67 113 95 Concessional 0 0 0 4 5 5 5 6 5 5 Private creditors 7 165 176 127 198 259 228 91 115 220 Bonds 5 7 52 52 99 108 132 0 25 150 Commercial banks 1 150 99 19 27 78 51 51 69 55 Other private 0 7 25 56 72 73 45 40 21 15 Private nonguaranteed 0 0 44 47 41 36 32 27 12 24 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 44 47 41 36 32 27 12 24 Memo: IBRD 1 6 7 6 7 5 2 6 5 9 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT -3 187 -148 -115 -18 -71 26 -70 -4 -296 Public and publicly guaranteed -3 187 -105 -68 23 -36 59 -43 8 -272 Official creditors 1 114 30 25 63 40 37 48 -27 -52 Multilateral 2 5 29 53 57 83 82 113 84 43 Concessional 0 0 0 0 -1 -1 -1 -1 0 1 Bilateral -1 109 1 -28 7 -42 -45 -65 -111 -95 Concessional 2 0 0 -4 -5 -5 -5 -6 -5 -5 Private creditors -4 73 -134 -93 -40 -76 21 -91 36 -220 Bonds -5 -7 -52 -52 1 14 95 0 125 -150 Commercial banks 2 47 -99 -16 -27 -51 -51 -51 -69 -55 Other private 0 34 17 -24 -14 -39 -23 -40 -21 -15 Private nonguaranteed 0 0 -44 -47 -41 -36 -32 -27 -12 -24 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 -44 -47 -41 -36 -32 -27 -12 -24 Memo: IBRD 2 -1 13 -4 -2 21 0 9 12 4 IDA 0 0 0 0 0 0 0 0 00 546 TRINIDAD AND TOBAGO (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 6 50 177 169 143 118 132 147 167 128 Public and publicly guaranteed 6 50 151 147 125 109 124 140 161 124 Official creditors 3 16 51 56 57 53 56 66 69 45 Multilateral 1 5 6 9 12 18 23 30 43 30 Concessional 0 0 0 1 0 0 0 0 0 0 Bilateral I 11 45 47 45 35 33 35 26 15 Concessional 0 0 2 2 2 1 1 1 1 1 Private creditors 4 35 101 91 68 56 68 74 93 79 Bonds 2 5 25 22 20 14 31 32 67 59 Commercial baniks 1 25 55 58 42 33 25 33 20 16 Other private 0 5 21 12 7 9 11 9 5 4 Private nonguaranteed 0 0 26 22 18 9 8 7 5 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 26 22 18 9 8 7 5 4 Memo: IBRD 1 5 2 3 3 4 4 5 5 5 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -9 137 -326 -284 -161 -189 -106 -217 -171 -423 Public and publicly guaranteed -9 137 -256 -215 -102 -144 -65 -183 -153 -396 Official creditors -1 98 -21 -31 6 -13 -19 -18 -96 -96 Multilateral I 0 23 44 45 64 59 82 41 13 Concessional 0 0 0 -1 -1 -1 -l -l 0 1 Bilateral -2 98 -44 -75 -39 -77 -77 -100 -137 -110 Concessional 1 0 -2 -5 -7 -6 -6 -7 -6 -5 Private creditors -7 39 -235 -184 -109 -131 -46 -165 -57 -299 Bonds -7 -12 -77 -74 -18 1 64 -32 58 -209 Commercial banks 1 22 -154 -74 -69 -84 -76 -85 -89 -72 Other private -1 29 -4 -36 -21 -48 -35 -49 -26 -18 Private nonguaranteed 0 0 -70 -69 -58 -45 -41 -34 -18 -28 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 -70 -69 -58 -45 -41 -34 -18 -28 Memo: IBRD 1 -6 11 -7 -4 17 -4 5 7 -2 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 16 226 410 384 449 476 449 344 422 506 Public and publicly guaranteed 16 226 340 316 391 432 409 310 404 479 Official creditors 6 27 64 97 125 117 113 145 197 180 Multilateral 2 11 16 21 24 29 34 43 58 70 Concessional 0 0 1 1 1 1 1 1 0 0 Bilateral 4 16 48 77 101 88 79 102 139 110 Concessional 0 0 2 5 7 6 6 7 6 5 Private crcditors 10 199 276 218 266 315 295 165 207 299 Bonds 7 12 77 74 118 122 163 32 92 209 Commercial banks 2 175 154 76 69 ill 76 85 89 72 Other private 1 12 46 67 79 82 56 49 26 18 Private nonguaranteed 0 0 70 69 58 45 41 34 18 28 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 70 69 58 45 41 34 18 28 Memio: IBRD 2 10 9 9 9 9 7 10 10 14 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 21 280 330 595 525 491 378 258 274 571 Official creditors 21 201 247 543 442 442 378 258 274 571 Private creditors 0 79 83 52 83 49 0 0 0 0 Memorandum items Concessional LDOD 6 10 54 48 40 33 31 27 20 14 Variable rate LDOD 0 227 1,202 1,185 1,236 1,222 1,224 1.178 1,033 858 Public sector LDOD lOt 713 1,782 1,750 1,788 1,807 1.962 1,941 1,870 1,529 Private sector LDOD 0 0 273 226 186 150 118 90 78 54 6. CL-RRENL- CONIPOSI lION OF LONG-T ERMI DEBT (PERLE'EI'I Deutsche mark 0.0 5.6 6.8 5.8 4.1 3.2 2.9 2.7 2.1 1.6 French franc 0.0 0.1 4.1 3.5 2.9 2.6 2.5 2.3 1.7 1.2 Japanese yen 0.0 18.4 34.8 34.1 34.3 29.0 21.9 19.5 14.9 13.1 Pound sterling 33.4 0.2 3.4 3.4 2.7 2.6 2.4 2.6 2.9 3.4 Swiss franc 0.0 4.3 0.0 0.0 0.1 0.2 0.2 0.2 0.1 0.1 U.S.dollars 37.7 61.3 44.9 44.1 44.6 46.7 50.5 47.6 50.1 46.5 Multiple currency 23.1 8.3 4.1 6.4 8.9 13.7 17.8 23.8 27.2 32.9 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 5.9 1.8 1.8 2.7 2.2 2.0 1.8 1.3 1.0 1.3 547 TRINIDAD AND TOBAGO (US$ million,. unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT REST'RUULTIURIN(,S Total amount rescheduled 0 0 262 126 54 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 262 126 54 0 0 0 0 0 Official 0 0 56 2 0 0 0 0 0 0 Private 0 0 206 124 54 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven ..7 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 32 10 0 7 0 0 of which debt buvback 0 0 0 0 0 0 0 0 0 0 8. DEBi rSi OCI(-FL.1J%t RE( -O- lL.% lION Total change in debt stocks ... 374 -24 -35 -213 255 243 -496 -80 Net flows on debt ... -45 -63 -38 -270 1S0 212 -418 -6 Net chanige in initerest arrears ...0 0 0 0 1 5 3 -3 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ... -7 0 -32 -10 0 -7 0 0 Cross-currency valuation ... 98 43 -24 54 78 0 -41 -39 Residual ... 329 -3 59 13 25 33 -40 -32 9. A% ERPA(C I ERNIS OF NE%% CONMllT'IET%TS ALL CREDIrORS Interest ( o 7.5 10.4 8.0 7.5 8.0 8.8 1018 6-5 7.7 6.1 Maturity (years) 9.8 8.7 14.9 18.8 6.0 13.1t 9.4 17.5 13.4 18.6 Grace period (years) 1.2 3.7 4.6 4.8 3.4 6.0 7.8 4.1 7.6 5.8 Grant element (%) 10.5 -2.6 10.7 15.0 4.0 7.9 -4.3 20.5 13.8 20.1 Official creditors Interest (%) 3.0 7.6 7.9 7.5 7.9 7.4 6.6 6.5 7.3 6.1 Maturity (years) 29.6 9.5 18.1 18.9 14.7 20.9 15.0 17.5 17.8 18.6 Grace period (years) 7.1 2.3 5.4 4.9 4.9 5.2 4.9 4.1 4.6 5.8 Grant element (%) 54.6 9.1 12.0 15.1 11.5 16.3 19.0 20.5 15.7 20.1 Private creditors Interest (%) 8.0 10.6 8.1 7.5 8.0 9.8 11.5 0.0 8.0 0.0 Maturity (years) 7.5 8.6 9.8 4.5 4.3 6.7 8.3 0.0 10.0 0.0 Grace period (years) 0.5 3.9 3.3 1.4 3.1 6.7 8.3 0.0 10.0 0.0 Grant element (%) 5.5 -3.6 8.6 5.6 2.6 1.0 -8.6 0.0 12.3 0.0 Memorandum items Commitments 3 211 187 364 235 273 237 18 266 385 Official creditors 0 17 115 361 38 123 37 18 116 385 Private creditors 3 194 73 4 197 150 200 0 150 0 WI. (ON FRAU [1. XI- OBUGAI( IONS4 ON 0111I STANDfINU I-ONG-T R-NI DEB-1 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 89 137 112 88 63 45 28 5 2 2 Principal 217 219 327 86 87 87 237 77 226 65 Interest 116 110 103 86 85 83 71 56 51 34 Official creditors Disbursements 89 137 112 88 63 45 28 5 22 Principal 122 127 112 82 83 83 83 77 76 65 Interest 59 58 56 55 55 53 50 44 39 34 Bilateral creditors Disbursemenits 0 0 0 0 0 0 0 0 0 0 Principal 75 71 34 3 2 22 2 1 0 Interest 13 7 3 1 1 0 0 0 0 0 Multilateral creditors Disbursemenits 89 137 112 88 63 45 28 5 2 2 Principal 48 55 78 80 82 82 82 75 75 65 Interest 46 51 54 55 54 52 49 44 39 34 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 95 93 215 4 4 4 154 0 150 0 Interest 57 52 47 31 31 30 21 12 12 0 Comnmercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 61 61 61 0 0 0 0 0 0 0 Interest 10 6 3 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Prinicipal 34 32 154 4 4 4 154 0 150 0 Interest 47 45 44 3 1 31 30 21 12 12 0 548 TUNISIA- (US$ million, uinless othzerwise indicated) 1970 1980 7990 1991 1992 1993 1994 1995 1996 1997 1. S 1; N 1M . A R D E BT D)AT N TOTAL DEBT STOCKS (EDT) 3,527 7,691 8,250 8,541 8,692 9,609 10,914 11,465 11,323 Long-term debt (LDOD) 541 3,390 6,880 7,322 7,409 7,618 8,200 9,311 9,652 9,610 Public and publicly guaranteed 541 3,210 6,662 7,109 7,201 7.415 8,002 9.118 9,464 9,427 Private nonguaranteed 0 180 218 213 208 203 198 193 188 183 Use of IMF credit 13 0 176 258 290 285 303 293 237 173 Short-term debt 136 634 670 843 789 1,106 1,310 1,576 1,539 of which interest arrears on LDOD ..0 0 10 2 0 0 0 0 0 Official creditors ..0 0 9 2 0 0 0 0 0 Private creditors 0 0 1 0 0 0 0 0 0 Memo: principal arrears on LDOD 6 15 59 10 3 16 1 0 0 Official creditors ..6 8 28 8 3 15 1 0 0 Private creditors ..0 7 31 2 0 0 0 0 0 Memo: export credits .. 1,547 1.471 1,381 1,526 1,921 1,982 1,871 1,808 TOTAL DEBT FLOWS Disbursements 96 611 1,018 1,358 1,283 1,122 1,059 1,488 1,334 1,516 Long-term debt 89 611 1,018 1,145 1,210 1,122 1,059 1,488 1,334 1,516 IMFEpurchases 8 0 0 213 73 0 0 0 0 0 Principal repayments 54 290 984 929 888 850 928 939 908 875 Long-term debt 47 258 873 794 858 844 928 924 861 825 IMF repurchases 7 31 Ill 136 29 5 0 16 47 50 Net flows on debt 42 321 293 455 576 221 448 753 692 604 of which short-term debt ... 259 26 180 -51 317 204 266 -37 Interest payments (INT) -- 255 448 440 454 503 529 541 558 538 Long-term debt 18 228 394 384 398 419 462 486 507 479 IMF charges 0 1 23 18 19 17 15 17 12 10 Sbort-term debt .. 26 30 39 37 67 52 38 39 49 Net transfers on debt -. 66 -155 14 122 -282 -81 213 134 66 Total debt service paid (TDSI - 545 1,432 1,370 1,342 1,352 1,457 1,480 1,466 1,413 Long-term debt 65 486 1,267 1,178 1,256 1,263 1,390 1,409 1,368 1,303 IMF repurchases and charges 7 33 135 153 49 22 15 32 59 60 ShOrT-eTrndebt .. , e, -' .rl) .. 26 30 39 37 67 52 38 39 49 A.GGhiREGAT1E \ET1 RESOURCE FLOII SA-N D NET -rR.AN1SF`RS ilONG-TERM) NET RESOURCE FLOWS 100 612 395 578 1,018 943 646 887 851 1,141 Net flow of long-term debt (ex. IMF) 42 352 145 352 352 277 131 565 473 691 Foreign direct investment (net) 16 235 76 126 526 562 432 264 238 316 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 43 26 174 100 140 103 83 58 140 134 Memo: technical coop. grants 27 74 101 91 99 104 85 123 104 93 official net resource flows 83 276 517 621 420 480 336 132 235 239 private net resource flows 17 336 -122 -43 598 462 310 755 616 903 NET TRANSFERS 62 232 -145 -75 340 287 -56 156 94 397 Interest on long-term debt 18 228 394 384 398 419 462 486 507 479 Profit remittances on FDI 20 153 146 268 280 237 240 245 250 266 Memo: official net transfers 75 203 270 360 132 172 -26 -235 -135 -100 private net transfers -13 29 -415 -434 207 115 -30 392 229 497 3. %MXIOR ECONOMIC kGGREG XTES Gross national product (GNP) 1,380 8,449 11,882 12,566 14,858 13,804 t4,766 17,111 18,557 18,037 Exports of goods & serices (XGS) .. 3,675 5,851 5,687 6,645 6,305 7,541 8,710 8,872 8,843 of which workers remittances .. 319 551 525 531 446 629 680 736 685 Imports of goods & services (MGS) .. 4,119 6,591 6,345 7,882 7,795 8,275 9,595 9,509 9,583 International Teserves (RES) 60 700 867 866 924 938 1,544 1,689 1,978 2,041 Current account balance .. 353 -463 -469 -1,104 -1,323 -565 -754 -513 -640 4. DEBT INDICXI ORS EDT / XGS (% . 96.0 131.4 145.1 128.5 137.9 127.4 125.3 129.2 128.0 EDT /GNP(% . 41.7 64.7 65.7 57.5 63.0 65.1 63.8 61.8 62.8 TDS / XGS (% . 14.8 24.5 24.1 20.2 21.4 19.3 17.0 16.5 16.0 INT/XGS ().. 6.9 7.6 7.7 6.8 8.0 7.0 6.2 6.3 6.1 INT, GNP (% . 3.0 3.8 3.5 3.1 3.6 3.6 3.2 3.0 3.0 RES /EDT ().. 19.9 11.3 10.5 10.8 10.8 16.1 15.5 17.2 18.0 RES /MGS (mnonths) .. 2.0 1.6 1.6 1.4 1.4 2.2 2.1 2.5 2.6 Short-term / EDT (%) .. 3.9 8.2 8.1 9.9 9.1 1 1.5 12.0 13.7 13.6 Concessional / EDT ().. 39.3 35.1 34.1 33.3 33.2 31.8 28.6 25.4 23.2 Multilateral / EDT (%) .. 12.3 29.0 32.8 32.4 35.7 36.3 33.9 31.8 30.0 549 TUNISIA (US$ million, unless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5.. LONG-r'ER'l D)EBT DEBT OUTSTANDING (LDOD) 541 3,390 6,880 7.322 7,409 7,618 8,200 9,311 9,652 9,610 Public and publicly guaranteed 541 3,210 6,662 7,109 7,201 7,415 8,002 9,118 9,464 9,427 Official creditors 364 1,961 5,229 5,836 5,898 6,240 6,876 7,490 7,563 7,074 Multilateral 44 433 2,229 2,708 2,770 3,099 3,490 3,702 3,644 3,399 Concessional 16 75 228 274 275 281 309 345 363 350 Bilateral 321 1,529 3,000 3,128 3,128 3,141 3,387 3,789 3,919 3,675 Concessional 317 1,311 2,469 2,539 2,571 2,602 2,747 2,772 2,551 2,273 Private creditors 177 1,249 1,434 1,273 1,303 1,176 1,126 1,628 1,901 2,354 Bonds 2 6 0 0 0 0 0 535 603 1,112 Commercial banks 0 493 343 310 488 544 621 660 945 866 Other private 175 750 1,091 963 815 632 505 433 352 376 Private noaguaranteed 0 180 218 213 208 203 198 193 188 183 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 180 218 213 208 203 198 193 188 183 Memo: IBRD 26 269 1,347 1.552 1,470 1,595 1,715 1.717 1,610 1,434 IDA 16 68 59 58 56 54 52 50 47 45 DISBURSEMENTS 89 611 1,018 1,145 1,210 1,122 1,059 1,488 1,334 1,516 Public and publicly guaranteed 89 558 988 1,115 1,180 1,092 1,029 1,458 1,304 1,486 Official creditors 54 323 699 901 743 841 860 711 685 687 Multilateral 13 82 430 593 402 574 481 467 505 352 Concessional 3 8 45 42 30 24 35 48 46 24 Bilateral 41 242 260 308 341 267 378 244 181 335 Concessional 40 197 177 197 271 218 242 230 118 14(0 Private creditors 34 235 289 214 437 251 169 747 619 799 Bonds 0 0 0 0 0 0 0 588 138 586 Commercial banks 0 5 1 91 96 292 216 159 106 461 101 Other private 34 184 198 118 145 34 10 53 20 112 Private nonguaranteed 0 53 30 30 30 30 30 30 30 30 Bonds 0 0 0 0 0 0 0 0 0 0 Commerciat banks 0 53 30 30 30 30 30 30 30 30 Memo: IBRD 9 51 213 297 ill 248 189 138 202 127 IDA 3 1 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 47 258 873 794 858 844 928 924 861 825 Public and publicly guaranteed 47 216 836 759 823 809 893 889 826 790 Official cr-editors 14 72 356 380 463 464 607 637 591 582 Multilateral 1 20 168 190 233 249 290 362 341 338 Concessional 0 0 7 12 14 14 15 18 22 20 Bilateral 13 52 188 190 230 215 317 275 250 244 Concessional 1 1 40 134 126 135 133 245 182 187 185 Private creditors 33 144 480 378 360 345 286 252 235 207 Bonds 0 5 60 0 0 0 0 0 0 0 Commercial banks 0 24 113 134 103 145 113 103 149 139 Other private 33 114 307 245 258 201 173 149 86 68 Private nonguaranteed 0 43 37 35 35 35 35 35 35 35 Bonds 0 0 0 0 0 0 0 0 0 0 Commnercial banks 0 43 37 35 35 35 35 35 35 35 Memo: IBRD 1 15 ill 125 147 147 173 203 187 173 IDA 0 0 2 2 2 2 2 2 2' 2 NET FLOWS ON DEBT 42 352 145 352 352 277 131 565 473 691 Puiblic and publicly guaranteed 42 342 152 357 357 282 136 570 478 696 Official creditors 40 251 343 521 280 377 253 74 95 105 Multilateral 12 61 262 403 170 325 192 105 163 14 Concessional 3 8 38 30 16 10 20 31 24 4 Bilateral 29 190 81 118 ill 52 61 -31 -69 91 Concessional 30 156 44 71 135 85 -3 48 -69 -46 Private creditors 1 92 -191 -164 77 -95 -117 496 383 592 Bonds 0 -5 -60 0 0 0 0 588 138 586 Commercial banks 0 27 -22 -38 189 72 46 4 312 -38 Other private 1 70 -109 -127 -113 -167 -163 -96 -66 44 Private nonguaranteed 0 10 -7 -5 -5 -5 .5 -5 -5 -5 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 10 -7 -5 -5 -5 -5 -5 -5 -5 Memo: IBRD 8 36 102 172 -37 101 15 -65 15 -46 IDA 3 1 -2 -2 -2 -2 -2 -2 -2 -, 550 TUNISIA (USS million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 18 228 394 384 398 419 462 486 507 479 Public and publicly guaranteed 18 212 384 371 390 412 454 478 499 469 Official creditors 8 74 247 261 288 308 362 368 369 339 Multilateral 2 28 148 169 191 208 231 251 264 243 Concessional 0 1 6 8 8 8 10 9 1 1 1 1 Bilateral 7 46 99 92 97 100 131 117 106 96 Concessional 6 29 66 62 66 67 94 78 71 66 Private creditors 10 138 138 110 102 103 92 110 130 131 Bonds 0 1 5 0 0 0 0 14 33 36 Commercial banks 0 69 35 24 30 39 43 55 64 69 Other private I10 68 97 86 72 65 49 41 33 26 Private nonguaranteed 0 16 10 13 8 7 7 8 8 9 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 16 10 13 8 7 7 8 8 9 Memo: IBRD 1 23 103 Ill 119 117 124 129 115 103 IDA 0 1 1 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 23 125 -249 -33 -46 -141 -331 79 -34 213 Public and publicly guaranteed 23 131 -232 -15 -33 -129 -318 92 -21 227 Official creditors 32 177 96 260 -8 69 -109 -294 -275 -234 Multilateral 10 33 114 234 -21 117 -40 -146 -100 -229 Concessional 3 7 32 22 8 2 9 22 13 -7 Bilateral 22 144 -18 26 14 -48 -70 -147 -175 -5 Concessional 23 127 -23 9 70 18 -97 -30 -140 -112 Private creditors -9 -46 -328 -274 -25 -198 -209 386 254 461 Bonds 0 -6 -65 0 0 0 0 574 105 550 Commercial banks 0 -43 -57 -62 160 33 3 -52 248 -107 Other private -9 3 -206 -213 -185 -231 -212 -137 -99 18 Private nonguaranteed 0 -6 -17 -18 -13 -12 -12 -13 -13 -14 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 -6 -17 -18 -13 -12 -12 -13 -13 -14 Memo: IBRD 7 14 -t 62 -156 -16 -109 -194 -101 -148 IDA 3 0 -2 -2 -2 -3 -3 -3 -3 -3 DEBT SERVICE (LTDS) 65 486 1,267 1,178 1,256 1,263 1,390 1,409 1,368 1,303 Public and publicly guaranteed 65 428 1,220 1,130 1,213 1,221 1,347 1,367 1,326 1,259 Official creditors 22 146 603 642 751 772 969 1,005 960 921 Multilateral 3 48 316 359 423 457 521 613 605 581 Concessional 0 1 13 20 22 22 26 27 33 31 Bilateral 20 98 287 282 327 315 448 391 356 340 Concessional 17 70 200 188 201 200 339 259 258 251 Private creditors 43 281 618 488 463 449 379 362 365 338 Bonds 0 6 65 0 0 0 0 14 33 36 Commercial banks 0 94 148 158 132 183 156 158 213 208 Other private 43 182 404 330 330 265 223 190 119 95 Private nonguaranteed 0 58 47 48 43 42 42 43 43 44 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 58 47 48 43 42 42 43 43 44 Memo: tBRD 3 37 214 236 267 264 297 332 303 275 IDA 0 1 2 2 2 3 3 3 3 3 UNDISBURSED DEBT 319 2,050 3,861 3,981 3,818 3,947 3,409 3,905 3,545 3,410 Official creditors 270 1,578 3,118 3,232 3.074 3,375 2,983 3,288 2,993 3,031 Private creditors 50 472 743 750 744 572 426 617 551 379 Memorandum items Concessional LDOD 333 1L386 2,698 2,813 2,846 2,884 3,056 3.117 2,914 2,622 Variable rate LDOD 0 680 1.557 1,723 1,743 1,984 2,211 2,280 2,628 2,503 Public sector LDOD 528 3,120 6,662 7,109 7,190 7,406 7,995 9,112 9.459 9,425 Private sector LDOD 13 270 218 213 219 212 206 200 193 186 6. CURREfNC.(" UOMPOSITION OF LON;- rERNl DEBT 'E RCENT) Deutsche mark 8.7 10.8 11.0 10.3 9.7 8.5 8.0 7.1 5.8 6.0 French franc 23.4 21.1 13.6 14.2 13.5 13.1 14.4 13.5 11.7 9.9 Japanese yen 0.0 1.7 8.6 8.5 7.8 8.2 9.4 13.4 13.1 13.8 Pound sterling 0.8 0.2 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 Swiss franc 0.1 0.9 0.6 0.4 0.2 0.2 0.2 0.2 0.1 0.1 U..S.dollars 37.8 33.4 21.8 18.9 20.8 19.3 16.4 17.2 24.1 28.2 Multiple currency 5.5 8.4 22.7 23.9 23.6 26.0 27.0 24.6 22.8 21.1 Special drawing rights 0.0 0.0 0.3 0.3 0.3 0.2 0.2 0.2 0.1 0.1 All other currencies 23.7 23.6 21.3 23.5 24.1 24.4 24.2 23.7 22.2 20.8 551 TUNISIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEB'1 REsrR1*(_T11RJNGS Total amount rescheduled 0 0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 IntereSt rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven 7 13 1 0 1 0 0 0 Memo: interest forgiveni. 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8.DIEBIII 'l01K-FLO"~ RECU)\CILLATIION Total change in debt stocks ..717 560 291 151 917 1,305 551 -143 Net flows on debt .. 293 455 576 221 448 753 692 604 Net chang.e in interest arrears ..0 10 -8 -2 0 0 0 0 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction ..-7 -13 -lI 0 -1 0 0 0 Cross-currency valuation ... 436 30 -282 -80 455 216 -485 -621 Residual ... -5 78 6 12 15 336 344 -125 t). NVER.AIGE TERMS OF NLW COMAlII'lrNI'NS ALL CREDITORS Interest (%) 3.5 6.7 6.8 6.6 7.1 6.1 7.8 6.3 5.0 6.0 Maturity (years) 27.4 18.1 14.0 15.7 13.2 17.8 22.4 17.3 15.4 18.4 Grace period (years) 6.4 5.4 3.8 4.5 3.6 5.0 5.2 4.8 4.5 9.8 Grant element (% 47.9 23.4 18.3 19.4 13.6 24.1 13.7 20.3 28.6 27.2 Official creditors Interest (%) 2.7 5.6 5.8 6.3 6.2 6.1 7.7 6.8 5.6 5.3 Maturity (years) 32.0 20.9 17.9 17.1 14.8 18.7 23.0) 25.0 19.5 19.3 Grace period (years) 7.6 6.5 5.0 5.2 4.6 5.3 5.5 4.5 5.5 5.5 Grant element (%) 57.2 31.0 26.6 22.4 20.6 25.1 14.3 21.4 32.8 30.4 Private creditors Interest (%) 6.3 9.6 8.1 8.0 8.3 6.3 9.1 5.9 4.2 7.0 Maturity (years) 11.0 10.7 8.8 9.7 11.2 10.1 10.3 8.8 9.3 17.3 Grace period (years) 1.9 2.4 2.1 1.8 2.2 2.9 0.8 ~ 5.1 2.9 15.8 Grant element (%) 15.1 2.8 6.9 6.9 4.2 15.3 2.7 19.1 22.3 22.7 Memorandum items Comnmitments 144 777 801 1,377 1,286 1,476 810 1,947 1,651 1,675 Official creditors 112 567 462 1,117 733 1,315 773 1,022 991 979 Private creditors 32 210 339 261 553 161 37 925 660 696 1I). CONT'RA( IL UAL OBI.IG %TON ON 0O. r'S' AND)ING, I.O.G-TERMi [IEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 1,052 935 610 365 206 121 58 23 12 2 Principal 972 1,056 1,344 1,030 1,004 981 854 908 716 894 Interest 522 565 555 508 461 412 360 313 263 223 Official creditors Disbursements 857 836 576 350 200 118 57 22 12 2 Principal 752 772 774 790 795 787 750 698 630 571 Interest 348 397 411 388 356 320 280 241 204 171 Bilateral creditors Disbursemenits 423 346 210 118 62 31 12 1 1 0 Principal 370 373 366 357 358 352 348 332 319 295 Intesest 116 146 162 152 140 127 113 99 84 70 Multilateral creditors Disbursements 434 490 366 232 139 87 45 21 11 2 Principal 382 399 408 433 438 435 403 366 311 276 Interest 232 252 249 237 216 193 167 143 120 101 Private creditors Disbursements 195 99 35 16 5 3 1 1 0 0 Prinicipal 220 284 570 240 209 195 104 211 86 323 Interest 173 168 145 120 105 92 80 72 59 52 Comme~rcial banks Disbursements 75 35 8 3 0 0 0 0 0 0 Principal 93 161 160 148 123 113 50 44 38 25 IntereSt 73 68 56 44 33 23 16 1 2 8 4 Other private Disbursements 120 64 27 1 3 5 3 1 1 0 0 Principal 127 123 410 93 86 82 54 167 48 298 Interest 100 101 89 76 72 69 64 60 51 48 552 TURKEY (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SUAIMARI DEBT DATA TOTAL DEBT STOCKS (EDT) 19,131 49,424 50,874 56,554 68,608 66,255 73,779 81,822 91,205 Long-term debt (LDOD) 1,888 15,575 39,924 41,757 43,894 50,075 54,601 57,394 60,624 67,977 Public and publicly guaranteed 1,846 15,040 38,870 39,829 40,463 44,067 48,443 50,315 48,205 47,633 Private nonguaranteed 42 535 1,054 1,928 3,431 6,008 6,159 7,079 12,418 20,344 Use of IMF credit 74 1,054 0 0 0 0 344 685 662 594 Short-term debt 2,502 9,500 9,117 12,660 18.533 11,310 15,701 20,536 22,634 of which interest arreaTs on LDOD .. 12 0 0 0 0 0 0 0 0 Official creditors .. 12 0 0 0 0 0 0 0 0 Private creditors ..0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD .. 23 0 0 0 0 0 0 0 0 Official creditors .. 21 0 0 0 0 0 0 0 0 Private creditors .I 0 0 0 0 0 0 0 0 Memo: export credits ... 11,519 11,138 11,485 11.280 12,831 11,056 12,111 13,231 TOTAL DEBT FLOWS Disbursements 407 3,115 5,243 5,589 8,425 10,003 5,982 6,969 12,090 17,542 Long-term debt 332 2.475 5,243 5,589 8,425 10,003 5,644 6,628 12,090 17,542 IMF purchases 75 640 0 0 0 0 337 341 0 0 Principal repayments 158 750 4,010 4,895 5,330 4,635 6,277 7,017 6,476 6,794 Long-term debt 131 595 3,961 4,895 5,330 4.635 6,277 7,017 6,476 6,767 IMF repurchases 27 155 49 0 0 0 0 0 0 28 Net flows on debt 249 2.365 4,988 311 6,638 11.241 -7,518 4,343 10,448 12,846 of which short-term debt ... 3,755 -383 3,543 5,873 -7,223 4,391 4,835 2,098 Interest payments (INT) .. 858 3,412 3,394 3,756 4.026 3,979 4,431 4,619 3,921 Long-term debt 44 507 2,891 2,892 3,186 3.176 3,199 3,464 3,389 2,892 IMF charges 0 51 4 0 0 0 4 24 30 29 Short-term debt .. 299 517 501 570 850 776 942 1,200 1,000 Net transfers on debt . 1.508 1,576 -3,083 2,882 7,215 -11,497 -88 5,829 8,924 Total debt service paid (TDS) 1.607 7,422 8,288 9,086 8,661 10,255 11,448 11,095 10,716 Long-term debt 176 1,102 6,852 7,787 8.516 71811 9,476 10,482 9,866 9,659 IMF repurchases and charges 27 206 53 0 0 0 4 24 30 57 Short-term debt (interest only) .. 299 517 501 570 850 776 942 1,200 1,000 2. .%(GGRE(G ATE NET RESOLRACE FL-OWS .-I.ND NET TRxANSFERSil_.ONG-1ERA[ri NET RESOURCE FLOWS 300 2.083 2,805 2,709 4,211 6,994 1,344 1,565 7,409 12,211 Net flow of long-term debt (ex. IMF) 201 1,880 1,282 694 3,095 5,368 -632 -390 5,613 10,775 Foreign direct investment (net) 58 18 684 810 844 636 608 885 722 805 Portfolio equity flows 0 0 35 0 0 534 1,059 630 799 577 Grants (excluding technical coop.) 41 185 804 1,205 272 457 309 439 275 54 Memo: technical coop. grants 14 38 149 159 179 176 176 200 214 180 official net resource flows 257 1,423 1,023 1,641 -237 -280 -294 -741 -566 -11 private net resource flows 43 660 1,782 1,067 4,448 7,274 1,637 2,305 7,975 12,221 NET TRANSFERS 222 1,545 -247 -351 605 3,399 -2,285 -2,340 3,519 8,788 Interest on lolig-term debt 44 507 2,891 2,892 3,186 3.176 3.199 3,464 3,389 2,892 Profit remittances on FDI 34 31 161 168 420 419 430 440 500 530 Memo: official net transfers 220 1,212 -20 612 -1,294 -1.394 -1,272 -1,717 -1,396 -709 private net transfers 2 333 -227 -964 1,900 4,793 -1,014 -622 4,916 9,497 3. NMAJOR ECON0r*UC A(;GREGATTS Gross national product (GNP) 18,070 69,776 152,240 152,070 160,590 181,830 131,310 171,340 183,990 193,550 Exports of goods & services (XGS) .. 5,743 25,205 25,793 28,318 30,317 32,708 41,397 50,616 58,101 of which workers remittances .. 2071 3,246 2,819 3,008 2,919 2,627 3,327 3,542 4,197 Imports of goods & services (MGS) .. 9,251 29,077 27,823 30,343 37,599 30,542 44,904 53,958 61,449 International reserves (RES) 440 3,298 7,626 6,616 7,508 7,846 8,633 13,891 17,819 19,746 Current account balance .. -3,408 -2,625 250 -974 -6,433 2,631 -2,338 -2,437 -2,679 4. DEBT 1INDIC.%TORS7 EDT / XGS (% . 333.1 196.1 197.2 199.7 226.3 202.6 178.2 161.7 157.0 EDT / GNP (% . 27.4 32.5 33.5 35.2 37.7 50.5 43.1 44.5 47.1 TDS / XGS (% . 28.0 29.4 32.1 32.1 28.6 31.4 27.7 21.9 18.4 INT / XGS (% . 14.9 13.5 13.2 13.3 13.3 12.2 10.7 9.1 6.7 INT / GNP (% . 1.2 2.2 2.2 2.3 2.2 3.0 2.6 2.5 2.0 RES /EDT (% . 17.2 15.4 13.0 13.3 11.4 13.0 18.8 21.8 21.7 RES/MGS (months) .. 4.3 3.1 2.9 3.0 2.5 3.4 3.7 4.0 3.9 Short-term /EDT (%) .. 13.1 19.2 17.9 22.4 27.0 17.1 21.3 25.1 24.8 Concessional / EDT (% . 20.4 15.1 15.2 12.8 10.3 11.6 10.2 8.0 6.2 Multilateral / EDT (%) .. 11.2 19.5 20.0 17.0 13.6 14.0 12.1 9.4 7.3 553 TURKEY (US$ million, unless otlherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LO-N(.*FFI.Ri%I DEBT~ DEBT OUTSTANDING (LDOD) 1,888 15,575 39,924 41,757 43,894 50,075 54,601 57,394 60,624 67,977 Public and publicly guaranteed 1,846 15,040 38,870 39,829 40,463 44,067 48,443 50,315 48,205 47,633 Official creditors 1.766 9,636 18,150 18,801 17,611 17,055 17.848 17,333 15,202 13,783 Multilateral 383 2,149 9,627 10,156 9,590 9,325 9.298 8,962 7,708 6,645 Concessional 110 242 825 1,037 961 1,020 1,114 1,145 855 691 Bilateral 1,383 7,487 8,523 8,646 8,021 7,730 8,550 8,371 7,494 7,138 Concessional 1.328 3,661 6,625 6.721 6,287 6,079 6,566 6,413 5,718 5,008 Private creditors 81 5,405 20,720 21,028 22,852 27,012 30.595 32.982 33.003 33,849 Bonds 20 64 4,976 5,522 8,081 11.755 13,022 13,635 14, 175 15.064 Commercial banks 8 4,112 13,403 12,198 11,794 11.864 13,707 15,643 15,358 15.317 Other private 53 1,229 2.341 3,308 2,977 3,393 3,865 3,705 3,470 3,468 Private nonguaranteed 42 535 1,054 1,928 3,431 6,008 6,159 7,079 12,418 20,344 Bonds 0 0 16 16 66 50 149 149 174 124 Commercial banks 42 535 1,038 1.912 3,365 5,958 6,009 6,929 12,244 20,220 Memo: IBRD 54 1,158 6,272 6.179 5.564 5,285 5,195 4,939 4,260 3,587 IDA 83 189 157 153 148 142 136 130 124 118 DISBURSEMENTS 332 2,475 5,243 5,589 8,425 10,003 5,644 6,628 12,090 17,542 Public and publicly guaranteed 331 2,400 4,700 5,278 6,196 6,764 4,281 4,851 5,728 8,379 Official creditors 310 1,618 2,139 2.287 1,345 1,133 1,250 808 1.144 1,867 Multilateral 126 476 1,083 1,217 885 747 474 466 634 578 Concessional 7 10 12 219 0 82 25 8 2 44 Bilateral 185 1,142 1,056 1,070 461 387 777 342 510 1,288 Concessional 177 801 900 441 197 163 357 117 241 397 Private creditors 21 782 2,562 2,991 4,850 5.631 3,030 4,042 4,584 6,512 Bonds 0 0 644 577 3.043 3.709 898 2,332 7.921 3.711 Commercial banks 0 600 1,435 571 1,167 815 1,294 1,256 1,100 1L956 Other private 21 182 483 1,843 640 1,108 838 455 563 845 Private nonguaranteed 1 75 543 310 2,230 3,239 1,364 1,777 6,362 9,163 Bonds 0 0 0 0 50 0 99 0 25 0 Commercial banks 1 75 543 310 2.180 3,239 1_264 1,777 6,337 9,163 Memo: IBRD 18 313 627 453 286 354 343 422 489 266 IDA 7 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 131 595 3,961 4,895 5,330 4,635 6,277 7,017 6,476 6,767 Public and publicly guaranteed 128 566 3,677 4,265 4,604 3,973 4,777 5,984 5,454 5,530 Official creditors 95 379 1.920 1.851 1,854 1.870 1.853 1.988 1.985 1,931 Multilateral 70 66 825 848 1,048 1,137 1.180 1.229 1.259 1,090 Concessional 22 1 23 10 19 13 33 54 197 139 Bilateral 24 314 1,094 1,003 807 732 673 759 726 841 Concessional 18 77 364 391 413 388 433 465 435 531 Private creditors 34 186 1,758 2,414 2,749 2,104 2,924 3,996 3,470 3,599 Bonds 0 1 47 91 389 103 539 t.716 1,368 1.686 Commercial banks 1 154 1,204 1,297 1,462 1,306 1,827 1.579 1.454 1.259 Other private 32 31 508 1,027 899 695 558 701 648 654 Private nonguaranteed 3 29 283 630 726 662 1,500 1,033 1,022 1,237 Bonds 0 0 0 0 0 16 0 0 0 50 Commnercial banks 3 29 283 630 726 646 1.500 1,033 1.022 1,187 Memo: IBRD 3 45 620 669 728 748 800 882 815 692 IDA 0 1 4 4 5 6 6 6 6 6 NET FLOWS ON DEBT 201 1,880 1,282 694 3,095 5,368 -632 -390 5,613 10,775 Public and publicly guaranteed 203 1,834 1,023 1,013 1,592 2,791 .496 -1,134 273 2,849 Official creditors 216 1.239 219 436 -509 -737 -603 -1,180 -841 -64 Multilateral 55 410 258 369 -163 -391 -707 -763 -625 -512 Concessional -15 9 -11 208 -19 69 -8 -45 -195 -96 Bilateral 160 828 -39 67 -346 -346 104 -417 -216 448 Concessional 158 724 536 50 -216 -225 -77 -348 -194 -134 Private creditors -13 596 804 577 2,101 3,527 107 46 1,114 2,914 Bonds 0 -1 597 487 2.654 3.605 360 616 1.553 2,025 Commercial banks -1 446 231 -726 -295 -491 -533 -323 -354 697 Other private -11 151 -25 816 -259 413 280 -246 -85 191 Private nonguaranteed -2 46 260 -319 1,504 2,577 -136 744 5,340 7,926 Bonds 0 0 0 0 50 -16 99 0 25 -50 Commercial banks -2 46 260 -319 1.454 2,593 -236 744 5,315 7,976 Memo: IBRD 15 268 6 -215 -442 -394 -457 -460 -326 -426 IDA 7 -1 -4 -4 -5 -6 -6 -6 -6 -6 554 TURKEY (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 44 507 2,891 2,892 3,186 3,176 3,199 3,464 3,389 2,892 Public and publicly guaranteed 42 487 2,830 2,746 2,861 2,997 2,875 3,126 2,918 2,627 Official creditors 37 211 1,043 1,029 1,057 1,114 978 977 830 698 Multilateral 1 1 128 688 689 713 693 668 656 561 466 Concessional 2 4 30 32 44 35 40 44 36 24 Bilateral 26 84 355 340 345 421 310 321 270 232 Conceasional 25 33 172 190 216 303 204 204 172 154 Private creditors 5 276 1,787 1,717 1,804 1,883 1,897 2,149 2,088 1,929 Bonds 1 4 383 424 533 741 993 1,074 1,009 993 Commercial banks 1 250 1,204 1,031 983 891 662 782 780 712 Other private 3 21 200 262 288 250 242 293 300 224 Private nonguaranteed 2 20 61 146 325 179 324 339 471 265 Bonds 0 0 1 1 2 2 2 13 12 13 Commercial banks 2 20 60 145 323 177 322 326 459 252 Memo: IBRD 3 88 512 506 479 436 418 396 339 273 IDA 1 1 1 1 1 1 1 1 1 1 NET TRANSFERS ON DEBT 156 1,373 -1,609 -2,198 -91 2,192 -3,831 -3,854 2,224 7,883 Public and publicly guaranteed 161 1,347 -1,808 -1,733 -1,269 -206 -3,371 -4,259 -2,645 222 Official creditors 178 1,027 -824 -593 -1,566 -1,851 -1,580 -2,157 -1L671 -763 Multilateral 44 283 -431 -320 -875 -1,084 -1.374 -1,418 -1,185 -978 Concessional -17 5 -41 176 -62 34 -48 -89 -231 -120 Bilateral 134 744 -394 -273 -691 -767 -206 -738 -485 215 Concessional 134 691 363 -140 -432 -528 -281 -552 -366 -288 Private creditors -18 320 -983 -1,140 297 1,645 -1,790 -2,102 -974 985 Bonds -1 -5 214 63 2,121 2,864 -634 -458 544 1.033 Commercial banks -2 196 -973 -1.757 -1,278 -1,382 -1,195 -1,106 -1,134 -15 Other private -15 130 -225 554 -547 163 38 -539 -385 -33 Private nonguaranteed -5 26 199 -466 1,179 2,398 -461 405 4,869 7,661 Bonds 0 0 -l -1 48 -18 98 -13 13 -63 Commercial banks -5 26 200 -464 1,131 2,416 -558 418 4,856 7,724 Memo: IBRD 12 179 -505 -721 -921 -829 -875 -856 -665 -699 IDA 7 -2 -5 -6 -6 -7 -7 -7 -7 -7 DEBT SERVICE (LTDS) 176 1,102 6,852 7,787 8,516 7,811 9,476 10,482 9,866 9,659 Public and publicly guaranteed 170 1,053 6,508 7,011 7,465 6,970 7,651 9,110 8,372 8,157 Official creditors 132 591 2,963 2.880 2,912 2,984 2,831 2,965 2,815 2,630 Multilateral 81 193 1,514 1,537 1.760 1,830 1,848 1,885 1,820 1,557 Concessional 24 5 53 43 62 48 73 98 233 163 Bilateral 51 398 1,449 1,343 1,152 1,153 983 1,081 995 1,073 Concessional 43 110 537 581 628 691 638 669 607 685 Private creditors 38 462 3,545 4,131 4.553 3,986 4,821 6,145 5,558 5,527 Bonds 1 5 430 514 922 845 1,532 2,790 2,377 2,678 Commercial banks 2 405 2,408 2,328 2,445 2,197 2,489 2,361 2,233 1,971 Other private 35 52 707 1,289 1,187 945 800 994 948 878 Private nonguaranteed 6 49 344 776 1,051 841 1,824 1,372 1,493 1,502 Bonds 0 0 1 1 2 18 2 13 12 63 Commercial banks 6 49 343 774 1,049 823 1,822 1,359 1,481 1.439 Memo: IBRD 6 133 1,132 1,175 1,207 1,183 1,218 1,278 1,154 965 IDA 1 3 5 6 6 7 7 7 7 7 UNDISBUIRSED DEBT 857 3,706 8,563 8,263 8,411 9,392 8,251 7,743 7,943 6,390 Official creditors 753 2,938 4,823 5,085 5,381 5,487 4,577 3,765 4,305 3,096 Private creditors 104 768 3,740 3,178 3,031 3,905 3.674 3,978 3,638 3,294 Memorandum items Concessional LDOD 1,438 3,903 7,450 7,757 7,248 7,099 7.680 7.558 6.573 5,699 Variable rate LDOD 58 4,122 13,577 15,005 15,442 18,223 18,636 19,393 23,657 31,919 Public sector LDOD 1,839 14,956 38,570 39,512 39,929 43,542 48,078 50,129 48,100 47.575 Private sector LDOD 50 620 1,354 2,245 3,965 6,533 6,524 7,265 12,524 20,403 6. CLRRFN YC OMA!tPO SITION OF LONG- IERMI DEBTr IPERLCE.NTI Deutsche mark 17.6 17.0 17.4 18.6 17.1 17.3 17.6 16.7 16.8 21.2 French franc 3.2 5.6 1.6 1.7 1.8 1.6 1.6 1.6 1.6 1.5 Japanese yen 0.0 4.0 12.1 15.5 18.7 21.6 23.2 23.3 22.0 18.5 Pound sterling 6.0 3.8 0.8 0.8 0.6 1.0 1.0 0.9 1.0 0.9 Swiss franc 1.6 8.6 5.2 4.5 3.8 3.3 3.0 2.9 2.0 1.5 U.S.dollars 49.3 43.5 40.0 36.0 36.4 36.4 36.2 38.3 41.4 49.2 Multiple currency 9.1 8.1 18.9 19.2 17.4 15.7 14.3 13.3 12.1 3.5 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 13.2 9.4 4.0 3.8 4.1 3.1 2.9 2.8 3.0 3.6 555 TURKEY (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 D. l 'iiW RESTRL( iLURIN(1S Total amount rescheduled 0 ..0 0 0 0 0 0 0 0 Debt stock rescheduled 0 ..0 0 0 0 0 0 0 0 Principal rescheduled 0 ..0 0 0 0 0 0 0 0 Official 0 ..0 0 0 0 0 0 0 0 Private 0 ..0 0 0 0 0 0 0 0 Interest rescheduled 0 ..0 0 0 0 0 0 0 0 Official 0 ..0 0 0 0 0 0 0 0 Private 0 ..0 0 0 0 0 0 0 0 Dcbt forgiven ...0 0 0 9 0 0 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 ..0 0 0 0 0 0 0 0 of which debt buyback 0 ..0 0 0 0 0 0 0 0 N. DEBI F STOC K-FLO%k RE(. O(I ILIATI ION Total change in debt stocks ... 7,847 1,449 5,680 12,054 -2,353 7,524 8,042 9,384 Net flows on debt ... 4,988 311 6,638 11,241 -7,518 4,343 10,448 12,846 Net chanige in interest arrears ...0 0 0 0 0 0 0 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 0 0 -9 0 0 0 0 Cross-currency valuation ... 2,237 221 -1.130 443 3,330 768 -3,186 -3,896 Residual ... 622 918 172 379 1,836 2,413 780 435 9. AVER.AGE riR_NIS OiF NELQ COM1NI UIMEN. I s ALL CREDITORS Interest (%) 3.6 8.3 8.4 7.5 7.3 5.9 6-2 6.1 6.5 7.5 Maturity (years) 19.0 16.4 10.2 13.7 8.4 10.0 10.4 5.5 9.0 8.1 Grace period (years) 4.8 5.0 4.6 5.0 4.8 5.7 4.7 3.0 4.3 4.9 Grant element (%) 37.5 17.4 9.2 13.7 11.4 20.1 18.6 12.2 16.6 10.1 Official creditors Interest (%') 3.4 7.1 6.7 6.7 7.0 4.6 6.0 5.4 4.9 6.1 Maturity (years) 19.6 18.3 17.0 17.6 14.3 20.3 13.7 17.7 16.6 11.0 Grace period (years) 4.9 S.7 7.3 6.9 6.1 6.6 4.8 S.7 4.9 2.9 Grant element (%) 39.1 22.9 23.4 20.8 17.2 38.1 22.2 27.6 31.5 18.8 Private creditors Interest (% 5.5 14.4 9.4 8.3 7.4 6.2 6.2 6.2 7.2 7.8 Maturity (years) 13.7 7.4 6.5 9.9 6.2 7.8 9.5 4.6 5.5 7.6 Grace period (years) 3.1 1.9 3.2 3.2 4.3 5.5 4.7 2.8 4.0 5.2 Grant element (% 22.7 -9.6 1.5 6.7 9.3 16.1 17.5 11.1 10.0 8.6 Memorandum items Commitments 489 2,925 4,628 5,467 6,756 8,032 3,800 4,544 6,395 7,376 Official creditors 440 2,426 1,624 2,730 1,805 1,460 890 318 1,981 1,053 Private creditors 49 499 3,004 2,737 4,952 6,572 2,910 4,226 4,414 6,323 tO U)NRM. TUIOBI.IG.Av11lONS ON ot; I~ I VNDING L( N(,-TERNI DEBI F 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 3,136 1,668 818 337 165 109 70 42 28 11 Principal 8,903 7,151 7,116 6,927 5,736 4,411 3,750 3,121 2,676 3,863 Interest 3,746 3,352 2,949 2,562 2,118 1,842 1,573 1,394 1,251 1,129 Official creditors Disbursements 1.028 832 531 281 163 109 70 42 28 1 1 Principal 1,921 1,741 1,876 2,328 1.381 1,087 941 845 718 624 Interest 740 666 581 487 355 288 237 193 155 124 Bilateral creditors Disbursemenits 718 513 287 137 59 26 8 0 0 0 Principal 889 768 777 782 761 548 524 486 416 389 Interest 269 253 233 204 171 142 122 104 87 73 Multilateral creditors Disbursements 310 319 244 144 104 83 62 42 28 1 1 Principal 1.032 974 1,100 1,546 621 539 417 359 302 235 Interest 470 412 348 283 184 145 114 90 68 51 Private creditors Disbursements 2,108 837 287 56 2 0 0 0 0 0 Principal 6,982 5.410 5,239 4,599 4,355 3.325 2.809 2,276 1,959 3,238 Interest 3,006 2,686 2,368 2,075 1,763 1,554 1,336 1,201 1,097 1,005 Commercial banks Disbursements 1,534 665 241 49 0 0 0 0 0 0 Principal 1,500 1,221 1,461 771 640 513 343 308 242 164 Interest 850 832 765 686 632 589 556 532 512 497 Other private Disbursements 574 172 46 8 2 0 0 0 0 0 Principal 5,482 4.189 3.778 3,828 3,714 2,811 2,466 1,967 1,717 3,075 Interest 2,156 1,854 1,603 1,389 1,132 965 780 669 585 508 556 TURKMENISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 1. Si'INLA\RY I)EB1T DXUr. TOTAL DEBT STOCKS (EDT) .. .. .. .. 276 431 402 751 1,771 Long-term debt (LDOD) .. .. .. 276 346 385 464 1,242 Public and publicly guaranteed .. .. .. .. 276 346 385 464 1,242 Private nonguaranteed .. .. .. .. .. 0 0 0 0 0 Use of IMFcredit .. .. .. .. 0 0 0 0 0 Short-term debt .. .. .. .. 0 85 17 287 529 of which interest arrears on LDOD .. .. .. .. 0 5 9 14 9 Official creditors .. .. .. .. .. 0 4 5 7 3 Private creditors .. .. .. .. 0 1 5 8 6 Memo: principal arrears on LDOD .. .. .. .. 0 34 130 50 73 Official creditors .. .. .. .. 0 16 115 29 37 Private creditors .. 0 18 15 22 36 Memo: export credits .. .. .. .. .. 0 149 101 259 483 TOTAL DEBT FLOWS Disbursements .. .. 240 137 113 240 986 Long-term debt .. .. .. .. .. 240 137 113 240 986 IMF purchases .. .. .. .. .. 0 0 0 0 0 Principal repayments .. .. .. .. 9 72 80 154 196 Long-term debt .. .. .. .. .. 9 72 80 154 196 IMF repurchases .. .. .. .. .. 0 0 0 0 0 Net flows on debt .. .. . .. 231 145 -39 350 1,039 of which short-term debt .. .. *. .. .. 0 80 -72 264 248 Interest payments (INT) .. .. .. .. 2 28 24 39 68 Long-term debt .. .. .. .. .. 2 26 22 27 46 IMF charges .. .. .. .. .. 0 0 0 0 0 Short-term debt .. .. .. .. .. 0 2 2 12 22 Net transfers on debt .. .. .. .. 229 118 -63 311 971 Total debt service paid (TDS) .. .. .. .. .. 10 100 104 193 263 Long-term debt .. .. .. .. .. 10 98 102 180 242 IMF repurchases and charges .. . .. .. .. 0 0 0 0 0 Short-term debt (interest only) .. .. .. .. .. 0 2 2 12 22 2. .%GGRE %TE NET RESOL C( E FLOWS AND NE r rIRA.NSFFRS iLONG-TERNIt NET RESOURCE FLOWS . . .. .. .. 246 77 34 196 878 Net flow of long-term debt (ex. IMF) .. .. .. .. .. 231 65 33 86 791 Foreign direct investment (net) .. .. .. .. .. 0 0 0 108 85 Portfolio equity flows .. .. .. .. .. 0 0 0 0 0 Grants (excluding technical coop.) .. .. .. .. .. 15 11 1 1 2 Memo: technical coop. grants .. .. .. .. .. 1 3 11 12 9 official net resource flows .. .. .. .. .. 164 62 14 -78 31 private net resource flows .. .. .. .. .. 82 14 20 274 847 NET TRANSFERS .. .. .. .. .. 244 51 12 169 832 Interest on long-term debt .. .. .. .. .. 2 26 22 27 46 Profit remittances on FDI .. .. .. .. .. 0 0 0 0 0 Memo: official net transfers .. .. .. .. .. 163 44 2 -88 22 private net transfers .. .. .. .. .. 81 6 10 257 810 3. MAJOR E CONOMIC AG.(;GREG ATLS Gross national product (GNP) .. .. .. .. .. 5,708 4,374 4,302 4,026 2,794 Exports of goods & services (XGS) .. .. .. .. .. 2,360 .. .. 1,691 759 of which workers remittances .. .. .. .. .. 0 .. .. 0 0 Imports of goods & services (MGS) .. .. .. .. .. 1,930 .. .. 1,532 1,004 International reserves (RES) .. .. .. .. .. .. .. Current account balance .. .. .. .. .. .. .. 1. DEBT INDIC.%TORS EDT i XGS (%) .. .. .. .. .. 11.7 .. .. 44.4 233.4 EDT / GNP (%) .. .. .. .. .. 4.8 9.9 9.4 18.7 63.4 TDS / XGS (%) *- * - - *- 0.4 .. .. 11.4 34.7 INT / XGS (%) .. .. .. .. .. 0.1 .. .. 2.3 8.9 INT / GNP (%) .. .. .. .. .. 0.0 0.6 0.6 1.0 2.4 RES/EDTI%) .. .. .. .. .. .. .. RES / MGS (months) .. .. .. .. .. .. .. .. Short-term/ EDT (%) .. .. .. .. .. 0.0 19.7 4.3 38.2 29.9 Concessional / EDT (%) .. .. .. .. .. 3.2 4.6 4.9 2.6 2.2 Multilateral / EDT (%) .. .. .. .. .. 9.1 12.4 14.5 0.4 1.1 557 TURKMENISTAN (US$ million, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LON'.(,.-TER.N D)EBi DEBT OUTSTANDING (LDOD) 276 346 385 464 1,242 Public and publicly guaranteed 276 346 385 464 1,242 Official creditors 148 203 219 136 160 Mfultilateral 25 54 58 3 19 Concessional 0 0 0 0 0 Bilateral 123 149 161 133 141 Concessional 9 20 20 20 38 Private creditors 129 144 166 328 1,083 Bonds 0 0 0 0 0 Commercial banks 0 0 0 0 89 Other private 129 144 166 328 994 Private nonguaranteed 0 0 0 0 0 Bonds 0 0 0 0 0 Commercial banks 0 0 0 0 0 Memo: IBRD 0 0 1 3 6 IDA 0 0 0 0 0 DISBURSEMENTS 240 137 113 240 986 Public and publicly guaranteed 240 137 113 240 986 Official creditors 149 70 32 22 57 Multilateral 26 25 1 3 16 Concessional 0 0 0 0 0 Bilateral 123 45 31 20 41 Concessional 9 11 0 0 20 Private creditors 91 67 81 217 930 Bonds 0 0 0 0 0 Commercial banks 0 0 0 0 130 Other private 91 67 81 217 800 Private nonguaranteed 0 0 0 0 0 Bonds 0 0 0 0 0 Commercial banks 0 0 0 0 0 Memo: IBRD 0 0 1 3 3 IDA 0 0 0 0 0 PRINCIPAL REPAYMENTS 9 72 80 154 196 Public and publicly guaranteed 9 72 80 154 196 Official creditors 0 19 20 102 28 Multilateral 0 0 0 55 0 Concessional 0 0 0 0 0 Bilateral 0 19 20 46 28 Concessional 0 0 0 0 0 Private creditors 9 53 61 52 167 Bonds 0 0 0 0 0 Commercial banks 0 0 0 0 41 Other private 9 53 61 52 127 Private nonguaraniteed 0 0 0 0 0 Bonds 0 0 0 0 0 Commercial banks 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 IDA 0 0 0 0 0 NET FLOWS ON DEBT 231 65 33 86 791 Public and publicly guaranteed 231 65 33 86 791 Official creditors ..149 51 13 -79 28 Multilateral 26 25 1 -53 16 Concessional 0 0 0 0 0 Bilateral 123 26 12 -27 12 Concessional 9 11 0 0 20 Private creditors 82 14 20 165 762 Bonds 0 0 0 0 0 Commercial banks 0 0 0 0 89 Other private 82 14 20 165 673 Private nonguaranteed 0 0 0 0 0 Bonds 0 0 0 0 0 Commercial banks 0 0 0 0 0 Memo: IBRD 0 0 1 3 3 IDA 0 0 0 0 0 558 TURKMENISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 2 26 22 27 46 Public and publicly guaranteed 2 26 22 27 46 Official creditors I.. 18 12 10 9 Multilateral ..0 7 2 4 1 Concessionai .... 0 0 0 0 0 BilateTal 0 1 2 10 6 7 Concessional ......0 0 1 1 1 Private creditors .. 1 8 10 17 37 Bonds ..0 0 0 0 0 Commnercial banks 0 0 0 0 2 Other private 1 8 10 17 35 Private nouguaranteed 0 0 0 0 0 Bonds ...0 0 0 0 0 Commiercial banks ..0 0 0 0 0 Memo: IBRD ..0 0 0 0 0 IDA ..0 0 0 0 0 NET TRANSFERS ON DEBT 229 39 11 59 745 Public and publicly guaranteed 229 39 11 59 745 Official creditors 148 33 1 -89 20 Multilateral ...26 18 -1 -56 15 Concessional ...0 0 0 0 0 Bilateral ..122 15 2 -33 5 Concessional 9 11L -1 -1 19 Private creditors 81 6 10 149 725 Bonds 0 0 0 0 0 Commnercial banks . ..0 0 0 0 87 Other private ... 81 6 10 149 638 Private nonguaranteed 0 0 0 0 0 Bonds ...0 0 0 0 0 Commnercial banks ..0 0 0 0 0 Memo: IBRD .. 0 0 1 2 3 IDA ..0 0 0 0 0 DEBT SERVICE (LTDS) 10 98 102 180 242 Public and publicly guaranteed 10 98 102 180 242 Official creditors ...1 37 31 112 37 Multilateral ..0 7 2 59 1 Concessional ..0 0 0 0 0 Bilateral ..0 30 29 53 36 Concessional ...0 0 1 1 1 Private creditors ..10 61 71 69 205 Bonds ..0 0 0 0 0 Commnercial baniks ...0 0 0 0 43 Other private ..10 61 71 69 162 Private nonguaranteed 0 0 0 0 0 Bonds ......0 0 0 0 0 Commnercial banks ......0 0 0 0 0 Memo; IBRD ... .. .0 0 0 0 IDA ... .. .0 0 0 0 UNDISBURSED DEBT 71 108 265 756 1,038 Official creditors ......44 103 93 218 423 Private creditors ...27 5 172 538 615 Memorandum items Concessional LDOD . .. . .. 9 20 20 20 38 Variable rate LDOD ...... 268 281 276 284 937 Public sector LDOD ...... 276 346 385 464 1,242 Private sector LDOD ......0 0 0 0 0 6.'IRRF NC% (ONtPOS[TION OE LONG;- [ ER.I DEBI PERC EN ri Deutsche mark ....... 0.0 7.2 12.3 14.3 9.9 French franc ...... 0.0 0.0 0.0 0.0 0.0 Japanese yen ...... 0.0 0.0 0.0 0.0 1.1 Pound sterling ... .. .0.0 0.0 0.0 0.0 0.0 Swiss franc ... .. .0.0 0.0 0.0 0.0 0.0 U.S.dollars ... .. . 90.9 77.0 72.1 84.7 88.3 Multiple currency ... .. .0.0 0.0 0.2 0.7 0.7 Special drawing rights ... .. .0.0 0.0 0.0 0.0 0.0 All other currencies ... .. .9.1 15.9 15.3 0.3 0.1 559 TURKMENISTAN (US$ million, unless otherwise inidicated) 2970 2980 1990 1991 1992 2993 2994 1995 2996 2997 7. DEBTl RESYRUL'C1RtRNGS Total amount rescheduled .*. .. .0 0 0 0 0 Debt stuck rescheduled ... .. .0 0 0 0 0 Principal rescheduled ......0 0 0 0 0 Official ... .. .0 0 0 0 0 Private ... .. .0 0 0 0 0 Interest rescheduled ... .. .0 0 0 0 0 Official .. ...0 0 0 0 0 Private ... .. .0 0 0 0 0 Debt forgiven ......0 0 0 0 0 Memo: interest forgivenD.. . .. 0 0 0 0 0 Debt stock reduction ... .. .0 0 0 0 0 of which debt buyback ... .. .0 0 0 0 0 S. DEBTl STOC-LK FLOW 'REtONt'lLL-TION Total change in debt stocks ... .. . 155 -29 349 1,020 Net flows on debt - ....... 145 -39 350 1,039 Net change in interest arrears ... .. .5 5 5 -6 Interest capitalized .........0 0 0 0 Debt forgiveness or reduction .........0 0 0 0 Cross-currency valuation .........8 8 -5 -18 Residual ... .. .-4 -2 -1 6 9. N; ERAGE YERMS OF NFA% COMMITMFIENTS ALL CREDITORS Interest (%) - 1P2 631 6-6 Ł-9 5.8 Maturity (years) ... .. . 6.6 10.3 8.1 9.6 7.6 Grace period (years) ... .. . 3.0 3.2 1.9 2.8 2.2 Grant elemnent (%) ... .. . 24.3 14.7 11.8 16.7 14.0 Official creditors Interest (% .. . .. 3.4 6.2 3.9 3.8 4.2 Maturity (years) ... .. . 18.4 12.1 13.9 11.8 15.7 Grace period (years) ... .. . 5.6 4.0 2.8 3.4 4.4 Grant element (%) ... .. . 36.6 17.2 26.3 31.3 32.5 Private creditors Interest (% .. . .. 0.5 6.7 6.8 6.5 6.3 Maturity (years) ... .. . 3.0 5.3 7.6 9.0 5.4 Grace period (years) ... .. .2.2 1.0 1.8 2.6 1.6 Grant element (% .. . .. 20.5 7.5 10.6 12.8 8.9 Memorandum itemrs Commitments ... .. . 102 172 269 753 1,324 Official creditors ... .. .24 128 20 156 286 Privare creditors ... .. .78 45 249 598 1,039 WI. CON IRXC[1KXL%[ OBLIGA [IONS ON OLUSTVND)ING LONG-IERNT DEBI' 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTA-L Disbursements 475 284 145 59 32 is 11 6 4 3 Principal 583 165 200 242 203 171 114 102 95 75 Interest 69 46 51 67 54 41 33 27 21 16 Official creditors Disbursements 121 109 70 49 31 18 I11 6 4 3 Principal 39 13 34 45 47 48 46 41 38 35 Interest 9 10 14 16 15 14 12 10 9 7 Bilateral creditors Disbursements 100 91 57 34 18 9 4 0 0 0 Principal 39 8 27 38 38 37 35 29 29 29 Interest 6 6 9 1 1 10 9 7 6 5 4 Multilateral creditors Disbursements 21 17 14 15 12 10 7 6 4 3 Principal 0 5 7 7 9 11 11 11 9 6 Interest 3 4 4 5 5 5 5 4 4 4 Private creditors Disbursements 354 175 75 9 2 0 0 0 0 0 Principal 545 152 166 197 156 123 68 61 57 40 IntereSt 61 36 37 51 38 28 2 1 17 13 9 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 89 0 0 0 0 0 0 0 0 0 Interest 6 0 0 0 0 0 0 0 0 0 Other private Disbursemenits 354 175 75 9 2 0 0 0 0 0 Principal 456 152 166 197 156 123 68 61 57 40 Interest 55 36 37 51 38 28 21 1 7 13 9 560 UGANDA (US$ million, oinless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. si MN)N xR1 1)E BT DAtAr TOTAL DEBT STOCKS (EDT) .. 689 2,583 2,777 2,928 3,029 3,372 3,573 3,674 3,708 Long-term debt (LDOD) 152 537 2,161 2,283 2,433 2,599 2,869 3,063 3,151 3,202 Public and publicly guaranteed 152 537 2,161 2,283 2,433 2,599 2,869 3,063 3,151 3,202 Private nonguaranleed 0 0 0 0 0 0 0 0 0 0 Use of IMF credit 0 89 282 330 344 334 383 417 417 394 Short-term debt .. 63 140 164 150 96 119 93 106 112 of whicb interest arrears on LDOD .. 19 83 102 81 72 81 59 49 44 Official creditors .. 10 32 51 43 50 69 47 41 36 Private creditors ..9 51 51 39 22 12 12 8 8 Memo: principal arrears on LDOD .. 82 215 300 268 197 207 207 202 204 Official creditors .. 30 94 148 130 135 145 147 140 141 Private creditors .. 52 122 152 138 62 63 61 62 63 Memo: export credits ... 270 271 260 152 149 138 133 129 TOTAL DEBT FLOWS Disbursements 26 161 382 264 311 408 322 288 289 344 Long-term debt 26 83 301 186 255 408 270 232 225 284 IMF purchases 0 78 81 78 56 0 53 56 63 60 Principal repayments 5 45 Ill 102 80 119 112 98 107 146 Long-term debt 5 32 66 68 51 109 88 70 57 88 IMF repurchases 0 13 45 34 29 10 25 29 50 58 Net flows on debt 22 116 277 167 239 244 224 186 205 209 of which abort-term debt ...6 5 7 -45 14 -4 23 11 Interest payments (INT) .. 12 37 46 34 37 38 38 43 45 Long-term debt 5 4 19 33 26 33 34 34 38 40 IMF charges 0 3 13 8 3 2 2 2 2 2 Short-term debt ..5 5 5 5 3 3 2 3 4 Net transfers on debt .. 104 241 121 204 206 186 147 162 164 Total debt service paid (TDS) .. 57 147 148 114 157 150 137 150 191 Long-term debt 9 36 85 102 77 142 121 104 95 128 IMF repurchases and charges 0 16 58 42 32 12 26 31 52 60 Short-term debt (interest only) ..5 5 5 5 3 3 2 3 4 2..%AGGGRF(, A I-F NE F RESOLRCE FLO%% SAND NET' TRA%NSFERS iLONG-TERMT) NET RESOURCE FLOWS 28 113 492 433 543 613 589 683 628 722 Net flow of long-term debt (ex. IMF) 22 51 234 118 204 298 182 162 168 196 Foreign direct investment (net) 4 0 0 1 3 55 88 121 121 180 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 2 62 257 314 336 260 319 400 338 347 Memo: technical coop. grants 14 21 94 107 122 124 125 148 140 171 official net resource flows 17 68 476 457 549 572 517 572 514 544 private net resource flows 10 44 16 -24 -5 41 72 112 114 179 NET TRANSFERS 10 109 473 399 517 568 542 637 575 663 Interest on long-term debt 5 4 19 33 26 33 34 34 38 40 Profit remittances on FDI 13 0 0 0 0 13 13 12 14 20 Memo: official net transfers 14 66 458 430 528 543 484 539 476 504 private net transfers -4 43 15 -31 -10 25 58 98 100 158 3. MAJOR ECONOMIC AGGCREC xFES Gross national product (GNP`) .. 1240 4,228 3,265 2,771 3,173 3,939 5.690 6,072 6,565 Exports of goods & services (XGS) 297 331 246 202 199 242 344 683 747 863 of which workers remittances 0 0 0 0 0 0 0 0 0 0 tmports of goods & services (MGS) 271 450 753 732 672 752 912 1,457 1,668 1,706 International reserves (RES) . .. .. .. Current account balance .. 83 -263 -170 -100 -171 -174 -282 -212 -337 4. DEBT INDIC %TE)RS EDT/XGS (% . 208.1 1,050.0 1,374.9 t,471.1 1,251.6 980.1 523.2 491.9 429.6 EDT GNP (% . 55.6 61.1 85.1 105.6 95.5 85.6 62.8 60.5 56.5 TDS /XGS (% . 17.3 59.9 73.3 57.3 64.7 43.7 20.0 20.0 22.1 INT/XGS (% . 3.7 14.9 22.8 17.2 15.4 11.1 5.6 5.7 5.3 TNT /GNP (% . 1.0 0.9 1.4 1.2 1.2 1.0 0.7 0.7 0.7 RES/JEDT(% .. .. .. .. RES / MGS (months) . .. .. .. Short-term / EDT (% . 9.1 5.4 5.9 5.1 3.2 3.5 26.93.0 Concessional I EDT (% . 36.9 56.2 58.5 61.7 70.3 72.8 77.5 78.3 79.5 Multilateral!/ EDT (%) .. 11.5 49.2 51.3 53.3 57.0 59.7 61.8 62.2 64.7 561 UGANDA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONC;- FE RMt DEBTF DEBT OUTSTANDING (LDOD) 152 537 2,161 2,283 2,433 2,599 2,869 3,063 3,151 3,202 Public and publicly guaranteed 152 537 2,161 2,283 2,433 2,599 2,869 3,063 3,151 3,202 Official creditors 127 293 1,826 1,983 2,173 2,485 2,776 2,979 3,073 3,126 Multilateral 19 79 1,270 1,425 1.561 1,727 2,012 2,210 2.284 2,399 Concessional 13 63 1,129 1.296 1,438 1,607 1,915 2,129 2,207 2,331 Bilateral 108 214 556 557 612 758 764 770 789 727 Concessional 95 191 322 330 368 523 542 639 670 619 Private creditors 25 244 335 301 260 115 93 84 77 76 Bonds 10 0 4 4 4 4 4 4 4 4 Commercial banks 14 23 89 73 68 40 27 21 15 13 Other private 1 221 242 224 189 71 62 59 59 59 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 6 1 34 30 21 16 11 0 0 0 IDA 13 46 935 1 080 1,188 1,327 1,604 1,792 1,849 1,954 DISBURSEMENTS 26 83 301 186 255 408 270 232 225 284 Public and publicly guaraateed 26 83 301 186 255 408 270 232 225 284 Official creditors 19 18 262 180 250 390 270 232 225 284 Multilateral 6 7 227 165 218 201 250 211 180 274 Concessional 5 2 223 160 202 1-78 247 201 167 266 Bilateral 14 11 36 16 32 189 20 22 45 10 Concessional 14 11 23 14 27 150 20 21 45 9 Private creditors 7 65 38 5 6 18 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 6 17 5 1 2 9 0 0 0 0 Other private 2 49 34 4 4 9 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 5 1 206 137 156 139 222 160 124 216 PRINCIPAL REPAYMENTS 5 32 66 68 51 109 88 70 57 88 Puiblic and publicly guaranteed 5 32 66 68 51 109 88 70 57 88 Official creditors 4 11 44 38 37 77 72 60 50 87 Multilateral 1 1 19 21 23 37 51 50 31 29 Concessional 0 0 4 6 7 11 19 19 19 20 Bilateral 3 10 25 17 13 40 21 11 19 57 Concessional 3 2 4 6 3 6 4 4 6 48 Private creditors 1 21 22 30 14 32 16 10 7 1 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial bank-s 1 0 14 15 5 1 1 6 7 6 Other private 0 21 8 15 9 22 10 3 1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 1 5 5 8 7 6 12 0 0 IDA 0 0 2 2 3 4 7 8 8 9 NET FLOWS ON DEBT 22 51 234 118 204 298 182 162 168 196 Public and publicly guaranteed 22 51 234 118 204 298 182 162 168 196 Official creditors 16 7 218 143 213 312 198 172 175 197 Multilateral 5 5 208 143 195 164 199 161 149 244 Concessional 5 1 219 154 196 167 228 182 148 246 Bilateral 11 1 1 1 -1 18 148 -1 11 26 -47 Concessional 1 1 9 20 8 24 144 16 17 39 -39 Private creditors 6 44 16 -25 -8 -14 -16 -10 -7 -1 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 5 17 -10 -14 -3 -2 -6 -7 -6 -1 Other private 2 28 26 -11 -5 -13 -10 -3 -1 0 Private nonguarauteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 -I -5 -5 -8 -7 -6 -12 0 0 IDA 5 1 205 134 153 135 215 152 116 207 562 UGANDA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 5 4 19 33 26 33 34 34 38 40 Public and publicly guaranteed 5 4 19 33 26 33 34 34 38 40 Official creditors 3 2 18 26 21 30 33 33 38 39 Muiltilateral 0 1 13 18 17 20 25 23 22 21 Concessional 0 1 6 9 9 11 13 17 18 17 Bilateral 3 1 5 9 4 9 8 10 16 18 Concessional 2 1 1 1 1 2 5 7 7 11 Private creditors 2 1 1 7 5 3 1 2 0 0 Bonds 1 0 0 0 0 0 0 0 0 0 Commercial banks 1 0 1 3 3 2 1 2 0 0 Other private 0 1 1 4 2 1 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 2 2 2 1 1 1 0 0 IDA 0 0 5 8 8 9 11 13 13 13 NET TRANSFERS ON DEBT 17 47 216 84 178 266 148 128 130 156 Public and publicly guaranteed 17 47 216 84 178 266 148 128 130 156 Official creditors 13 4 201 116 192 283 165 139 138 158 Multilateral 5 4 195 126 178 144 174 139 127 223 Concessional 5 1 213 145 186 156 215 165 130 229 Bilateral 8 0 6 -9 14 139 -9 1 10 -66 Concessional 9 9 19 8 23 142 11 I11 32 -49 Private creditors 5 43 15 -32 -13 -17 -17 -11 -7 -2 Bonds -1 0 0 0 0 0 0 0 0 0 Commercial banks 4 17 -10 -17 -6 -3 -7 -8 -6 -2 Other private 2 26 25 -15 -7 -14 -10 -3 -1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD -1 -1 -6 -7 -10 -8 -7 -12 0 0 IDA 5 0 200 126 145 126 205 139 103 194 DEBT SERVICE (LTDS) 9 36 85 102 77 142 121 104 95 128 Public and publicly guaranteed 9 36 85 102 77 142 121 104 95 128 Official creditors 7 14 62 64 58 107 105 93 88 126 Multilateral 1 3 32 39 40 57 76 72 53 50 Concessional 0 1 10 15 16 21 32 35 37 36 Bilateral 6 11 30 25 18 50 29 21 35 76 Concessional 4 3 5 7 4 8 9 10 14 58 Private creditors 3 22 23 37 19 35 17 11 7 2 Bonds 1 0 0 0 0 0 0 0 0 0 Commercial banks 2 0 15 18 7 12 7 8 6 2 Other private 0 22 9 19 1 1 23 10 3 1 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 0 Memo: IBRD 1 1 6 7 10 8 7 12 0 0 IDA 0 1 7 10 1 1 13 17 21 21 22 UNDISBURSED DEBT 47 162 844 1,027 1,252 1,175 1,262 1,066 842 682 Official creditors 44 143 821 1,006 1,232 1,157 1,244 1,064 842 681 Private creditors 3 19 23 22 20 18 18 3 0 0 Memorandum items Concessional LDOD 108 254 1,451 1.625 1,806 2,130 2,456 2,768 2,878 2,949 Variable rate LDOD 4 7 49 47 39 96 88 78 78 77 Public sector LDOD 151 533 2,158 2,280 2,430 2,592 2,866 3,057 3,143 3,195 Private sector LDOD 1 4 3 3 3 7 4 6 8 7 6. CLIRRENCY COMPOSITION OF LONG-TERM DEBT iPERCEN'l I Deutsche mark 6.5 8.3 0.7 0.4 0.4 0O4 0.2 0.0 0.3 0.2 French franc 0.2 6.3 3.5 3.4 2.1 1.4 1.4 0.3 0.3 0.3 Japanese yen 0.3 0.7 0.3 0.3 0.3 1.1 1.3 1.2 1.7 1.5 Pound sterling 73.3 20.4 6.7 6.1 4.4 3.4 3.1 2.0 2.1 1.9 Swiss franc 0.0 9.9 0.0 0.0 0.0 0.3 0.0 0.0 0.0 0.0 U.S.dollars 6.9 43.8 53.4 54.7 59.5 63.0 63.6 66.8 65.9 66.4 Multiple currency 4.1 2.3 21.8 20.9 18.6 16.8 15.4 13.8 12.1 11.2 Special drawing rightS 0.0 0.1 2.4 2.4 2.8 3.7 4.8 5.8 6.7 7.6 All other CUrrencies 8.8 8.3 11.3 11.7 11.8 10.0 10.2 10.1 10.9 11.0 563 UGANDA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 D. EBI RESTRUCTUFRINGS Total amount rescheduled 0 0 18 9 100 38 0 172 0 0 Debt stock reschedoled 0 0 0 0 0 0 0 143 0 0 Pfincipal reschedLulcd 0 0 4 4 55 24 0 0 0 0 Official 0 0 4 4 31 11 0 0 0 0 Private 0 0 0 0 24 13 0 0 0 0 Interest rescheduled 0 0 1 3 38 10 0 30 0 0 Official 0 0 1 3 24 9 0 30 0 0 Private 0 0 0 0 14 1 0 0 0 0 Debt forgiven ... 51 1 14 16 7 0 0 0 Memo: interest forgiven ..1 1 2 19 0 1 0 0 Debt stock reduction 0 0 0 0 0 139 0 42 0 0 of which debt buyback 0 0 0 0 0 17 0 0 0 0 8. DEBT Si1O( K-FLOWV RE( ONCI LIA-TION Total change in debt stocks ... 406 194 150 101 343 202 101 34 Net flows on debt ... 277 167 239 244 224 186 205 209 Net change in interest arrears ... 28 19 -20 -10 10 -22 -10 -5 Interest capitalized ...1 3 38 10 0 30 0 0 Debt forgiveness or reductionD.. -51 -1 -14 -138 -7 -42 0 0 Cross-currency, valuation ... 64 -13 -43 -10 34 6 -19 -47 Residual ... 86 19 -49 5 82 43 -75 -123 9~. ANVFRAGE TE R%IS OF NEIV (OMM~ITNIENTS ALL CREDITORS Interest (%) 3.9 4.9 1.0 2.3 1.5 1.6 0.9 0.8 0.7 0.6 Maturity (years) 28.4 26.2 33.2 34.4 34.5 31.6 38.4 39.6 39.7 43.1 Grace period (years) 6.7 5.9 9.1 9.2 8.9 10.9 10.1 10.1 10.2 10.2 Grant element (%) 46.3 40.0 68.7 63.3 68.5 67.0 78.5 80.4 80.5 82.8 Ofricial creditors Interest (%) 3.2 2.7 1.1 2.3 1.5 1.7 0.9 0.8 0.7 0.6 Maturity (years) 33.8 38.2 36.6 34.9 34.8 32.9 38.4 39.6 39.7 43.1 Grace period (years) 8.1 8.2 10.0 9.3 8.9 11.4 10.1 10.1 10.2 10.2 Grant element (%j 55.5 61.9 75.0 64.2 69.0 69.4 78.5 80.4 80.5 82.8 Private creditors Interest (%) 6.9 8.2 0.5 9.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 5.3 7.8 1.3 1.6 1.1 1.9 0.0 0.0 0.0 0.0 Grace period (years) 0.7 2.4 0.8 0.1 1.1 0.6 0.0 0.0 0.0 0.0 Grant element (%) 7.2 6.4 8.8 0.8 9.5 11.9 0.0 0.0 0.0 0.0 Memorandum items Commitments 12 199 452 362 520 419 299 94 42 188 Gfficial creditors 10 120 409 357 516 401 299 94 42 188 Private creditors 2 78 43 5 4 18 0 0 0 0 Ill1. CONTRACT L.-L OBU.G.%.TIONS (I\ OLiI T.TAN DING' LONG-T~ERM DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007- TOTAL Disbursements 238 194 127 67 25 12 8 2 0 0 Principal 80 77 82 83 88 93 97 89 88 88 Interest 39 39 43 41 39 36 34 32 31 29 Official creditors Disbursements 238 194 127 67 25 12 8 2 0 0 Principal 78 76 80 81 86 91 96 89 87 87 Interest 39 39 43 41 39 36 34 32 30 29 Bitateral creditors Disbursements 7 4 1 1 0 0 0 0 0 0 Principal 45 40 42 38 36 33 28 18 17 15 Interest 17 15 19 17 15 13 11 10 10 9 Multilateral creditors Disbursements 231 190 126 67 25 12 8 2 0 0 Principal 33 36 38 44 50 58 68 71 70 72 Interest 22 24 24 25 24 23 23 22 21 20 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 2 1 1 1 1 1 1 1 1 1 Interest 0 0 0 0 0 0 0 0 0 0 Commercial bank-s Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1 1 1 1 1 1 1 1 1 1 Interest 0 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 00 0 0 0 Principal 1 0 0 0 0 0 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 564 UKRAINE (US$ million, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUIMMARY DE BT DATA% TOTAL DEBT STOCKS (EDT) .. . . . 551 3,855 5,597 8,390 9,499 10,901 Long-termn debt (LDOD) . .. . . 458 3,694 4,816 6,625 6,793 7,410 Public and publicly guaranteed ... . 454 3,682 4,770 6,541 6,608 6,978 Private nonguaranteed ......4 12 45 84 184 432 Use of IMF credit - ....0 0 364 1,542 2,262 2,402 Shodt-term debt . - - 93 161 417 223 444 1,089 of which interest arrears on LDOD ... .0 29 205 35 41 43 Official creditors ...0 29 191 5 1 11 Private creditors ......0 0 14 30 40 33 Memo: principal arrears on LDOD ......2 2 602 88 66 235 Official creditors ......0 0 541 17 0 139 Private creditors ......2 2 61 71 66 96 Memo: export credits ...... 223 932 1,121 1,193 1,100 889 TOTAL DEBT FLOWS Disbursements .. .- 469 889 882 1,997 1,852 1,775 Long-term debt ...... 469 889 525 801 1,074 1.~490 IMP purcbases ......0 0 357 1.196 778 285 Principal repayments .. -..0 140 219 636 791 688 Long-term debt ......0 140 219 636 791 688 IMF repurchases ......0 0 0 0 0 0 Net flows on debt --.. 561 787 744 1,338 1,276 1,731 of wbicb short-term debt ...... 93 38 81 -24 215 643 Interest payments (INT) ..- . .12 62 81 501 466 669 Long-term debt ......8 55 74 447 374 527 IMF charges .... 0 0 0 42 75 102 Short-term debt ......4 7 7 12 18 40 Net transfers on debt . ... 550 725 662 836 810 1,062 Total debt service paid (TDS) . --..12 202 300 1,137 1,257 1,356 Long-term debt ......8 195 293 1,083 1,164 1,215 IMF repurchases and charges ......0 0 0 42 75 102 Short-term debt (interest only) ......4 7 7 12 18 40 2. XGGREGAXTE NE'T RESOLURCE FLOWS AND iNET1 TRANSFERS iLONG-TERM) NET RESOURCE FLOWS - .. - - 994 865 683 497 1,059 1,496 Net flow of long-term debt (ex. IMF) ...... 469 749 306 166 283 802 Foreign direct investment (net) ......0 0 159 267 521 623 Portfolio equity flows ......0 0 0 0 0 0 Grants (excluding technical coop.) ...... 525 117 218 64 255 71 Memo: tecbnical coop. grants ...... 32 61 52 120 119 86 official net resource flows ...... 625 424 316 449 493 77 private net resource flows ...... 369 441 367 48 566 1,419 NET TRANSFERS . - . . 986 810 609 49 666 935 Interest on long-term debt ......8 55 74 447 374 527 Profit remittances on FDI ......0 0 0 0 20 34 Memo: official net transfers ...... 622 412 303 143 295 -208 private net transfers ...... 364 398 306 -94 371 1,143 3. -%IJOR LCONONI IC AGG REG,ATES Gross national product (GNP) ...... 91,420 69,563 91,997 84,471 43,986 49,118 Exports of goods & services (XGS) ......... 16,697 17,337 20,448 20,513 of which workers remittances .........0 0 0 0 Imports of goods & services (MGS) ......... 18,407 18,961 22,141 22,693 International reserves (RES) ... 469 166 665 1,069 1,972 2,359 Current account balance ...... -1,163 -1,152 -1,184 -1,335 -4. DEB'f INDIL.ATORS EDT/XGS(% ......... 33.5 48.4 46.5 53.1 EDT /GNP %)...... 0.6 5.5 6.1 9.9 21.6 22.2 TDS /XGS ()......... 1.8 6.6 6.1 6.6 INT /XGS ()......... 0.5 2.9 2.3 3.3 INT/ GNP ()...... 0.0 0.1 0.1 0.6 1.1 1.4 RES/EDT(% ...... 85.1 4.3 11.9 12.7 20.8 21.6 RES!I MGS (months) ......... 0.4 0.7 1.1 1.2 Short-term / EDT (%) ...... 16.9 4.2 7.5 2.7 4.7 10.0 Concessions] / EDT ()...... 0.0 0.5 0.7 0.8 2.3 1.9 Multilateral /EDT (%) ...... 10.7 3.6 4.0 7.4 11.8 13.7 565 UKRAINE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 .I-ONGUIE RAI DEBT DEBT OUTSTANDING (LDOD) 458 3,694 4,816 6,625 6,793 7,410 Public and publicly guaranteed 454 3,682 4,770 6,541 6,608 6,978 Official creditors 95 2,922 3,758 4,307 4,486 4,385 Multilateral 59 139 225 619 1,125 1,493 Concessional 0 0 0 0 0 0 Bilateral 36 2,784 3,533 3,687 3,360 2,892 Concessional 0 20 40 64 217 212 Private creditors 358 760 1,013 2,235 2,123 2,593 Bonds 0 0 0 1,~200 1,120 1,120 Commercial banks 0 260 282 301 252 821 Other private 358 500 731 734 750 652 Private nonguaranteed 4 12 45 84 184 432 Bonds 0 0 0 0 0 0 Commercial banks 4 12 45 84 184 432 Memo: IBRD 0 0 102 491 859 1,111 IDA 0 0 0 0 0 0 DISBURSEMENTS 469 889 525 801 1,074 1,490 Public and publicly guaranteed 464 848 431 732 954 1,222 Official creditors 100 319 152 550 754 508 Multilateral 63 88 113 525 552 453 Concessional 0 0 0 0 0 0 Bilateral 36 231 39 25 202 56 Concessional 0 20 20 25 163 10 Private creditors 365 529 279 182 200 714 Bonds 0 0 0 0 0 0 Commercial banks 0 272 0 0 17 602 Other private 365 257 279 182 184 ill Private nonguaranteed 4 41 94 69 120 268 Bonds 0 0 0 0 0 0 Commercial banks 4 41 94 69 120 268 Memo: IBRD 0 0 102 401 406 306 IDA 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 0 140 219 636 791 688 Public and publicly guaranteed 0 107 158 595 723 636 Official creditors 0 12 54 165 516 502 Multilateral 0 0 39 127 1 1 Concessional 0 0 0 0 0 0 Bilateral 0 12 15 38 515 502 Concessional 0 0 0 0 0 0 Private creditors 0 95 104 430 207 134 Bonds 0 0 0 200 80 0 Commercial banks 0 0 6 2 0 3 Other private 0 95 98 228 127 130 Private nonguaranteed 0 33 60 40 68 52 Bonds 0 0 0 0 0 0 Commercial banks 0 33 60 40 68 52 Memo: IBRD 0 0 0 0 0 0 IDA 0 0 0 0 0 0 NET FLOWS ON DEBT 469 749 306 166 283 802 Public and publicly guaranteed 464 741 273 136 231 586 Official creditors 100 307 98 385 238 6 Multilateral 63 88 73 398 551 452 Concessional 0 0 0 0 0 0 Bilateral 36 219 25 -13 -314 -446 Concessional 0 20 20 25 163 10 Private creditors 365 434 175 -249 -6 580 Bonds 0 0 0 -200 -80 0 Commercial banks 0 272 -6 -2 17 599 Other private 365 162 181 -46 57 -19 Private nonguaranteed 4 8 33 29 52 216 Bonds 0 0 0 0 0 0 Commercial banks 4 8 33 29 52 216 Memo: IBRD 0 0 102 401 406 306 IDA 0 0 0 0 0 0 566 UKRAINE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) . . . .. 8 ss 74 447 374 527 Public and publicly guaranteed ... .7 53 69 440 352 463 Official creditors 2 12 13 306 198 285 Multilateral ......0 9 10 13 40 71 Concessional ... .0 0 0 0 0 0 Bilateral ... .2 3 3 293 159 214 Concessional ......0 0 1 1 2 7 Private creditors ......5 41 56 134 153 178 Bonds ... .0 0 0 87 96 99 Commercial banks ......0 5 12 4 1 21 Other private ... .5 37 45 44 56 58 Private nonguaranteed .. ...0 2 5 7 22 64 Bonids ......0 0 0 0 0 0 Commercial banks ... .0 2 5 7 22 64 Memo: IBRD ... .0 0 0 8 32 59 IDA ... .0 0 0 0 0 0 NET TRANSFERS ON DEBT .. . . 461 693 232 -282 -91 275 Public and publicly guaranteed . ... 457 688 204 -304 -120 123 Official creditors ...... 97 295 86 79 39 -279 Multilateral ...... 63 79 64 384 512 381 Concessional ......0 0 0 0 0 0 Bilateral ... .34 216 22 -306 -472 -660 Concessional ......0 20 19 24 160 3 Private creditors ...... 360 393 119 -383 -160 402 Bonds ......0 0 0 -287 -176 -99 Commercial banks ......0 267 -18 -6 15 578 Other private ... . 360 126 136 -90 1 -78 Private nonguaranteed . ...4 6 28 22 30 152 Bonds ......0 0 0 0 0 0 Commercial banks ......4 6 28 22 30 152 Memo: IBRD ......0 0 102 393 374 247 IDA ... .0 0 0 0 0 0 DEBT SERVICE (LTDS) . . - - 8 195 293 1,083 1,164 1,215 Public and publicly guaranteed . .. 7 161 227 1,036 1,075 1,099 Official creditors ......2 24 67 472 714 787 Multilateral ... .0 9 49 141 40 71 Concessional ......0 0 0 0 0 0 Bilateral ...2 15 18 331 674 716 Concessionsal . .. 0 0 1 1 2 7 Private creditors ..... 5 136 161 564 360 312 Bonds ......0 0 0 287 176 99 Commercial banks ... .0 5 18 6 1 24 Other private ......5 132 143 272 183 189 Private nonguaranteed . ... 0 35 66 47 90 116 Bonds ... .0 0 0 0 0 0 Commercial banks ... .0 35 66 47 90 116 Memo: IBRD ..0 0 0 8 32 59 IDA ... .0 0 0 0 0 0 UNDISBURSED DEBT . . . 1,019 480 898 816 1,643 1,141 Official creditors ...... 126 83 574 520 1,421 1,025 Private creditors ...... 893 398 324 295 222 116 Memorandum items Concessional LDOD ......0 20 40 64 217 212 Variable rate LDOD ...... 420 3,565 4,645 5,244 5,320 5,439 Public sector LDOD ...... 454 3,682 4,770 6,541 6,592 6,953 Private sector LDOD 4 12 45 84 201 457 6. Ct RRENCYCOMNPO)SITION OF LONG-TERMT DEBr PERCENTi Deutsche mark ...... 40.0 14.8 17.2 14.0 11.4 8.6 French franc ...... 0.0 0.0 0.1 0.4 0.5 0.5 Japanese yen ...... 0.0 0.0 0.0 0.0 2.6 2.4 Pound sterling ...... 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ...... 0.0 0.0 0.0 0.0 0.0 0.0 U.S.doltaTs ...... 47.0 5.1 3.7 37.5 38.0 45.1 Multiple currency ...... 0.0 5.5 21.6 19.4 23.7 24.5 Special drawing rights ...... 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ...... 13.0 74.5 57.3 28.7 23.8 19.1 567 UKRAINE (LTS$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DFBT REsI]RIICTI' RINGS Total amount rescheduled ..0 2,528 723 2,535 0 0 Debt stock rescheduled ...0 0 0 0 0 0 Principal rescheduled ... .0 0 0 969 0 0 Official 0 0 0 969 0 0 Private ...0 0 0 0 0 0 Interest rescheduled 0 0 0 166 0 0 Official ...0 0 0 166 0 0 Private ......0 0 0 0 0 0 Debt forgiven ......0 0 0 0 0 0 Memo: interest forgiven ......0 0 0 0 0 0 Debt stock reduction ......0 0 0 0 17 0 of which debt buyback ......0 0 0 0 0 0 8. DEBT STOCK-F LO"~ RE(ONCL[LL.%TION Total change ini debt stocks ... .. . 3.304 1,742 2,793 1,109 1,402 Net flows on debt ... .. . 787 744 1,338 1,276 1,731 Net change in interest arrears ... .. .29 176 -170 6 2 Interest capitalized ... .. .0 0 166 0 0 Debt forgiveness or reduction ... .. .0 0 0 -17 0 Cross-currency valuation ... .. . -1,779 -1,544 -294 -137 -213 Residual ... .. . 4,266 2,366 1,755 -19 -117 9. %%'ER_-GE TERM%S OF NE%l t. OMMIm rAENTS' ALL CREDITORS Interest (%) ...... 6.3 6.4 6.6 5.2 6.1 6.0 Maturity (years) ...... 6.9 6.9 13.8 12.0 14.7 4.1 Grace period (years) ...... 2.5 2.5 4.6 4.2 4.8 1.6 Grant element (%) ...... 9.9 11.0 16.8 23.6 21.2 8.2 Ofricial creditors Interest (%) ...... 4.7 5.0 7.2 4.7 6.1 6.0 Maturity (years) ...... 3.6 6.9 15.8 13.4 15.8 12.3 Grace period (years) ...... 1.2 2.6 5.3 4.8 5.2 3.3 Grant element (%) ...... 9.7 15.4 16.5 27.2 22.4 18.8 Private creditors Interest (%) ...... 6.6 7.8 5.0 6.5 5.6 6.0 Maturity (years) ...... 7.5 6.8 7.3 7.3 6.3 2.1 Grace period (years) ...... 2.7 2.4 2.3 2.1 0.8 1.2 Grant element (%) ...... 9.9 7.1 17.5 11.6 11.7 5.7 Memorandum items Commitments ...... 1,518 591 839 673 1,872 768 Official creditors .... . 233 281 642 519 1,671 150 Private creditors ...... 1,285 310 197 155 201 618 1(1. (ON r'R.-C'l UAL oBLiG kTl(0NS ON OUITST %ND1NG LONG-TERMI DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 254 481 140 103 69 46 25 13 8 2 Principal 1,742 1,031 717 750 626 579 535 523 507 352 Interest 510 392 355 306 270 224 184 145 132 72 Official creditors Disbursements 195 444 126 98 68 46 25 13 8 2 Principal 755 656 332 407 358 378 381 381 347 322 Interest 290 259 235 219 198 176 150 124 97 71 Bilateral creditors Disbursements 23 27 16 9 4 2 1 0 00 Principal 746 636 284 288 144 140 131 131 131 131 Interest 172 120 88 68 52 42 33 24 16 7 Multilateral credlitors Disbursements 172 417 110 90 64 44 24 13 8 2 Principal 9 19 48 119 214 238 250 250 215 191 Interest 119 139 147 151 146 133 117 99 81 65 Private creditors Disbursements 60 37 14 4 1 0 0 0 0 0 Principal 987 375 386 342 269 201 154 141 160 30 Interest 219 133 120 88 73 48 34 22 35 1 Commercial banks Disbursements 13 7 2 0 0 0 0 0 0 0 Principal 561 59 48 40 37 18 17 17 0 0 Interest 70 67 63 46 21 20 19 18 18 17 Other private Disbursements 18 8 0 0 0 0 0 0 0 0 Principal 2,416 2,208 2,463 1,682 1,376 1,051 1,462 749 113 509 Interest 857 737 588 416 303 254 161 94 66 57 568 URUGUAY (US$ miillion, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUMIM XRY DEBT DAI]A TOTAL DEBT STOCKS (EDT) .. 1,660 4,415 4,191 4,574 4,851 5,077 5,320 5,901 6,652 Long-term debt ([DOD) 298 1,338 3,114 2,928 3,177 3,439 3,815 3,963 4,234 4,751 Public and publicly guaranteed 269 1,127 3.045 2,900 3,143 3,372 3,752 3,836 4,099 4,528 Private nonguaranteed 29 211 69 29 35 67 62 127 135 223 Use of IMF credit 18 0 101 58 52 38 30 21 9 0 Short-term debt .. 322 1,201 1,205 1,344 1,374 1,233 1,336 1,659 1,901 of which interest arrears on LDOD ..0 0 0 0 0 0 0 0 0 Official creditors ..0 0 0 0 0 0 0 0 0 Private creditors ..0 0 0 0 0 0 0 0 0 Memo: principal arrears on LDOD ..0 0 0 0 0 0 0 0 0 Official creditors ..0 0 0 0 0 0 0 0 0 Private creditors ..0 0 0 0 0 0 0 0 0 Memo: export credits ... 183 197 184 226 249 291 282 278 TOTAL DEBT FLOWS Disbursements 91 356 358 512 556 566 501 661 659 939 Long-term debt 50 356 346 512 533 566 501 661 659 939 IMF purchases 40 0 12 0 23 0 0 0 0 0 Principal repayments 80 130 559 551 262 324 232 484 298 288 Long-term debt 51 130 434 509 236 310 221 474 286 280 IMF repurchases 28 0 124 42 26 14 11 10 12 8 Net flows on debt 11 226 -134 -34 432 272 128 281 684 894 of which short-term debt ... 66 5 139 30 -141 104 322 242 Interest payments (INTl . 169 428 255 262 263 304 379 367 453 Long-term debt 17 121 319 174 206 21 2 237 298 273 346 IMF charges 0 0 16 9 5 4 2 2 1 0 Short-term debt .. 48 93 72 51 48 65 80 94 107 Net transfers on debt 5. 7 -563 -289 170 9 -176 -98 317 440 Total debt service paid (IDS) .. 299 987 806 524 587 536 863 665 742 Long-term debt 69 251 753 683 443 521 458 772 559 626 IMF repurchases and charges 28 0 141 50 31 18 13 11 12 8 Short-term debt (interest only) .. 48 93 72 51 48 65 80 94 107 2. AG,R-(.FtEGATFE NETY RE,50['R( E FLOWSj AND NET - TRANSFERS L IONG-TERNti NET RESOURCE FLOWS 0 516 -78 10 310 376 468 363 525 828 Net flow of long-term debt (ex. IMF) -1 226 -89 3 297 256 280 187 373 659 Foreign direct investment (net) 0 290 0 0 1 102 155 157 137 160 Portfolio equity flows 0 0 0 0 0 0 25 4 5 2 Grants (excluding technical coop.) 1 1 1 1 7 12 18 9 15 10 7 Memo: technical coop. grants 3 9 26 26 35 41 44 49 44 50 official net resource flows 10 37 115 148 159 172 125 19 59 196 private net resource flows -10 479 -192 -137 151 204 344 344 466 632 NET TRANSFERS -19 395 -396 -164 103 164 231 65 252 482 Interest on long-termn debt 17 121 319 174 206 212 237 298 273 346 Profit remittances onEFDI 2 0 0 0 0 0 0 0 0 0 Memo: official net transfers 5 15 54 86 91 89 29 -105 -35 100 private net transfers -24 380 -450 -250 13 75 203 170 287 382 3. XUNUOR ECON0OMIC 'AGGREG.ArEN, Gross national product (GNP) 2.287 9,752 8,034 9,804 11.762 12.847 15,017 16,943 18,687 19,882 Exports of goods & services (XGS) .. 1,594 2,417 2,436 2,857 3,010 3.531 3,911 4,308 4,803 of which workers remittances ..0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) .. 2,312 2,239 2,433 2,894 3,307 4,010 4,200 4,624 5,206 International reserves (RES) 186 2,401 1,446 1,136 1,185 1,423 1,622 1,813 1,892 2,067 Current account balance,. -709 186 42 -9 -244 -438 -213 -233 -321 4. DFBTl INDICATORs EDT /XGS (% . 104.1 182.7 172.1 160.1 161.1 143.8 136.0 137.0 138.5 EDT / GNP (% . 17.0 55.0 42.8 38.9 37.8 33.8 31.4 31.6 33.5 TDS /XGS (%) .. 18.8 40.8 33.1 18.4 19.5 15.2 22.1 15.4 15.4 INT/ XGS (%) .. 10.6 17.7 10.5 9.2 8.7 8.6 9.7 8.5 9.4 INT / GNP (%) .. 1.7 5.3 2.6 2.2 2.0 2.0 2.2 2.0 2.3 RES / EDT (%) .. 144.7 32.7 27.1 25.9 29.3 31.9 34.1 32.1 31.1 RES / MGS (months) .. 12.5 7.7 5.6 4.9 5.2 4.9 5.2 4.9 4.8 Short-term / EDT (%) .. 19.4 27.2 28.8 29.4 28.3 24.3 25.1 28.1 28.6 Concessional / EDT (Ta) .. 5.1 2.3 2.5 2.6 3.1 4.1 4.2 3.6 3.0 Multilateral!/ EDT (%) 11.0 15.8 20.5 21.3 22.5 24.0 23.7 20.4 18.7 569 URUGUAY (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-FERMI DEB[ DEBT OUTSTANDING (LDOD) 298 1,338 3,114 2,928 3,177 3,439 3,815 3,963 4,234 4,751 Public and publicly guaranteed 269 1,127 3,045 2,900 3,143 3,372 3,752 3,836 4,099 4,528 Official creditors 126 333 895 1,053 1,172 1,331 1,535 1.588 1,462 1,560 Multilateral 62 182 699 859 973 1,091 1,217 1,259 1,205 1,243 Concessional 2 20 22 27 31 31 30 28 26 24 Bilateral 64 151 196 193 199 240 318 329 257 318 Concessional 55 64 78 79 89 121 178 197 187 177 Private creditors 143 794 2,150 1,847 1,971 2,041 2,218 2,248 2,638 2,968 Bonds 45 263 567 1,474 1,649 1,761 1,969 1,966 2,111 2,431 Commercial banks 82 502 1,576 364 314 272 243 275 520 529 Other private 16 30 8 9 8 8 6 8 6 7 Private nonguaranteed 29 211 69 29 35 67 62 127 135 223 Bonds 0 0 0 0 0 40 40 110 104 196 Commercial banks 29 211 69 29 35 27 22 18 30 28 Memo: IBRD 49 72 359 407 521 522 539 513 446 393 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 50 356 346 512 533 566 501 661 659 939 Public and publicly guaranteed 37 293 346 512 527 526 501 591 647 839 Official creditors 20 58 174 215 226 247 215 128 167 311 Multilateral 7 25 90 212 211 189 148 103 142 231 Coocessional 1 4 3 6 4 1 1 0 0 0 Bilateral 13 34 85 4 15 58 68 25 25 80 Concessional 6 3 3 4 13 56 54 25 8 I Private creditors 18 235 172 297 301 279 286 463 480 529 Bonds 7 0 164 180 290 270 271 348 180 471 Commercial banks 10 230 4 112 9 6 15 ill 299 54 Other private 1 4 4 6 2 4 0 4 2 4 Private nonguaranteed 13 63 0 0 6 40 0 70 13 too Bonds 0 0 0 0 0 40 0 70 0 100 Commercial banks 13 63 0 0 6 0 0 0 13 0 Memo: IBRD 2 4 51 81 174 41 37 32 39 50 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 51 130 434 509 236 310 221 474 286 280 Public and publicly guaranteed 47 93 398 469 236 302 216 469 286 277 Official creditors 11 22 71 75 79 93 99 124 118 122 Multilateral 8 9 61 62 70 81 93 117 106 114 Concessional 0 0 1 1 1 1 2 2 2 2 Bilateral 3 12 10 13 9 11 7 7 12 8 Concessional 3 3 2 3 3 7 1 3 8 6 Private creditors 36 72 328 394 157 209 117 345 169 156 Bonds 9 6 180 67 94 159 70 273 121 122 Commercial banks 21 59 143 323 59 47 45 69 45 31 Other private 6 6 5 4 4 4 2 3 3 3 Plivate nonguaranteed 4 37 36 40 0 8 5 5 0 3 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 4 37 36 40 0 8 5 5 0 3 Memo: IBRD 6 6 43 42 45 49 56 78 70 68 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT -1 226 -89 3 297 256 280 187 373 659 Public and publicly guaranteed -10 200 -53 44 291 224 285 122 361 562 Official creditors 9 37 104 141 147 154 116 4 49 189 Multilateral -1 15 29 150 140 107 55 -14 36 117 Concessional 1 3 2 6 4 0 -1 -2 -2 -2 Bilateral 9 21 75 -9 6 47 61 18 14 72 Concessional 2 0 1 1 10 49 52 23 0 -5 Private creditors -19 163 -156 -97 144 70 169 118 311 373 Bonds -2 -6 -16 113 196 ill 201 74 59 349 Commercial banks -11 171 -139 -211 -50 -41 -30 42 254 23 Other private -5 -2 -1 1 -2 0 -2 2 -1 1 Private nonguaranteed 9 26 -36 -40 6 32 -5 65 13 97 Bonds 0 0 0 0 0 40 0 70 0 100 Commercial banks 9 26 -36 -40 6 -8 -5 -5 13 -3 Memo: IBRD -4 -2 8 39 130 -9 -19 -46 -31 -18 IDA 0 0 0 0 0 0 0 0 0 0 570 URUGUAY (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 17 121 319 174 206 212 237 298 273 346 Public and publicly guaranteed 16 105 312 170 204 209 232 293 264 337 Official creditors 4 23 61 61 68 83 96 124 94 96 Multilateral 3 16 54 56 64 79 85S 91 86 85 Concessional 0 0 1 1 1 1 1 1 1 1 Bilateral 1 7 7 5 4 4 11 33 7 11 Concessional 1 2 2 2 2 2 3 25 4 4 Private creditors 12 82 252 109 136 126 136 169 170 241 Bonds 3 30 61 80 117 106 119 151 144 192 Commercial banks 7 50 190 28 19 19 17 18 26 48 Other private 1 2 1 1 1 1 0 0 1 1 Private nonguaranteed 2 17 6 4 3 3 5 5 9 to Bonds 0 0 0 0 0 1 3 3 9 8 Commercial banks 2 17 6 4 3 2 2 1 0 2 Memo: IBRD 2 7 28 28 31 38 39 40 33 28 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT -19 105 -407 -171 90 45 43 -111 101 313 Public and publicly guaranteed -26 95 -365 -127 87 15 53 -171 97 225 Official creditors 4 14 43 79 79 71 20 -120 -44 93 Multilateral -4 0 -25 94 77 29 -30 -105 -51 32 Concessional 1 3 1 5 3 -1 -2 -2 -2 -2 Bilateral 8 14 68 -14 2 43 50 -15 6 61 Concessional 1 -2 -1 -1 9 47 49 -2 -4 -9 Private creditors -30 81 -408 -206 8 -56 33 -51 141 133 Bonds -5 -36 -77 33 79 5 82 -77 -85 157 Commercial banks -18 121 -329 -239 -69 -60 -47 24 228 -24 Other private -6 -4 -2 1 -2 0 -2 1 -2 1 Private nonguaranteed 7 10 -42 -44 4 30 -10 61 4 88 Bonds 0 0 0 0 0 39 -3 67 -9 92 Commercial banks 7 10 -42 -44 4 -to -6 -6 13 -4 Memo: IBRD -6 -9 -19 1 1 99 -47 -58 -86 -64 -45 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 69 251 753 683 443 521 458 772 559 626 Public and publicly guaranteed 63 198 711 639 440 511 449 762 550 614 Official creditors 16 44 132 136 147 176 195 248 211 218 Multilateral 11 25 115 118 134 160 178 208 192 199 Concessional 0 1 1 1 1 2 2 2 2 2 Bilateral 5 19 17 18 13 15 17 40 19 19 Concessional 4 5 4 4 4 8 5 27 12 10 Private creditors 48 153 579 503 293 335 254 515 339 396 Bonds 12 36 241 147 211 265 189 424 265 314 Commercial banks 28 109 333 351 78 66 62 87 71 78 Other private 8 8 5 5 4 4 2 3 3 4 Private nonguaranteed 6 54 42 44 3 11 10 9 9 12 Bonds 0 0 0 0 0 1 3 3 9 8 Commercial banks 6 54 42 44 3 10 6 6 0 4 Memo: IBRD 9 13 70 70 75 88 95 117 103 96 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 87 519 735 673 838 742 750 607 888 1,187 Official creditors 79 326 675 562 732 644 587 472 711 1,047 Private creditors 8 193 61 ill 106 98 164 135 178 140 Memorandum items Conce,ssional LDOD 57 84 100 106 119 152 207 224 213 201 Variable rate LDOD 31 474 2.286 1,623 1,815 1,911 2,051 2,016 2,196 2,448 Public sector LDOD 269 1.123 3,042 2,897 3,141 3.371 3,752 3,833 4,097 4.524 Private sector LDOD 29 215 72 31 37 68 62 130 137 227 6. C UFRRE NC' (. OMSIPOSI4TION OF LO-%G--TE RNI DLFF PER( ENT'I Deutsche mark 2.3 0.3 1.7 0.2 0.2 0.2 0.2 6.5 5.6 4.5 French franc 0.0 3.6 0.3 0.4 0.5 0.5 0.7 0.7 0.7 0.5 Japanese yen 0.0 1.1 5.1 4.0 3.7 4.4 4.5 6.4 4.0 5.0 Pound sterling 4.9 0.2 3.6 3.7 2.7 2.5 2.4 1.9 2.1 1.8 Swiss franc 8.0 0.0 1.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dollars 62.9 77.9 64.9 62.7 62.5 60.9 61.2 53.8 61.4 65.7 Multiple currency 20.0 14.7 22.5 29.0 30.3 31.6 31.0 30.7 26.2 22.4 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 2.0 2.2 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 571 URUGUAY (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DIBHI RESFRUt-TURlNG!, Total amount rescheduled 0 0 0 787 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 759 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 00 00 Privatc 0 0 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 16 0 0 0 0 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 506 0 0 0 0 0 0 of which debt buyback 0 0 0 284 0 0 0 0 0 0 Im. DEBT s1TO_C K-Il_O% RECONCII. I.A 1[ON Total change in debt stocks ..-33 -224 382 277 227 243 581 751 Net flows on debt .. -134 -34 432 272 128 281 684 894 Net change in interest arrears ...0 0 0 0 0 0 0 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ...0 -223 0 -16 0 0 0 0 Cross-currency valuation ... 67 6 -44 14 54 21 -74 -98 Residual ... 34 27 -6 6 44 -59 -29 -45 YJ..-% E R-AGE rERNIN OF NE%% (OMMflHMEN IS ALL CREDITORS Interest (91 7.9 10.1 9.1 7.8 6.5 5.8 6.4 7.0 7.5 7.0 Maturity (years) 11.8 15.3 12.9 13.9 15.6 12.5 11.1 7.5 15.3 19.5 Grace period (years) 3.0 5.9 2.4 3.6 3.9 3.0 3.6 3.2 5.1 10.5 Grant element (%) 10.3 1.0 5.1 10.5 18.8 19.3 16.4 11.6 13.6 17.9 Official creditors Interest (91) 7.1 7.9 7.8 8.0 6.7 5.4 5.5 7.1 7.5 7.1 Maturity (years) 16.0 20.6 20.2 20.9 21.4 20.3 18.9 14.9 22.3 17.5 Grace period (years) 3.7 8.0 5.0 5.5 5.3 4.0 4.5 5.5 5.5 4.1 Grant element(%) 15.3 13.5 12.9 12.0 22.3 26.9 28.1 16.5 15.9 16.4 Private creditors Interest (%) 9.5 13.0 9.8 7.6 6.3 6.1 6.8 7.0 7.4 6.8 Maturity (years) 3.9 8.4 8.7 10.4 7.8 8.1 7.5 7.3 9.9 22.2 Grace period (years) 1.6 3.2 1.0 2.6 1.9 2.5 3.2 3.2 4.7 19.4 Grant element (%) 1.1 -15.4 0.6 9.7 13.9 15.0 10.9 11.4 11.9 19.9 Memorandum items Commitments 71 347 339 522 697 428 511 473 892 1.182 Official creditors 46 197 124 172 401 156 161 16 384 691 Private creditors 25 150 215 350 296 272 350 457 508 491 wi. cu' rR A TI.' kL OBLI(6AT10Ns ON OUT Si>'-NDIN(, LONG-TERNI DEBIl 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 418 244 183 129 95 50 33 18 9 5 Principal 720 469 634 474 449 354 305 261 410 262 Interest 341 319 301 260 236 213 192 174 157 124 Ofricial creditors Disbursements 299 223 182 129 95 50 33 18 9 5 Principal 179 173 156 172 195 204 181 155 146 136 Interest 120 124 125 124 119 109 98 88 78 69 Bilateral creditors Disbursements 58 11 5 2 0 0 0 0 0 0 Principal 36 36 36 35 36 36 22 21 17 17 Interest 15 14 13 11 9 7 6 5 5 4 Multilateral creditors Disbursements 240 2 12 177 127 94 50 33 18 9 5 Principal 143 137 121 137 158 168 159 134 129 119 Interest 105 109 112 113 110 102 92 83 74 65 Private creditors Disbursements 119 20 1 0 0 0 0 0 0 0 Principal 541 296 478 301 254 150 124 106 264 126 Interest 221 196 176 136 118 104 94 86 79 55 Commercial banks Disbursements 60 20 1 0 0 0 0 0 0 0 Principal 63 54 133 53 49 47 47 43 119 0 Interest 43 40 36 26 22 18 15 11 8 0 Other private Disbursemnents 59 0 0 0 0 0 0 0 0 0 Principal 479 242 345 249 205 103 77 63 145 126 Interest 179 156 140 111 96 86 79 75 71 55 572 UZBEKISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SUNli.%1R) DEBT D -T X TOTAL DEBT STOCKS (EDT) 60 1,032 1,244 1,787 2,363 2,761 Long-term debt ([DOD) 60 940 953 1,418 2,034 2,119 Public and publicly guaranteed 60 940 953 1,418 1,975 2,028 Private nonguaranteed 0 0 0 0 59 91 Use of IMF credit 0 0 0 158 238 223 Short-term debt 0 92 291 212 92 419 of whicb interest arrears on LDOD ..0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 Private creditors ...0 0 0 0 0 0 Memo: principal arrears on LDOD 0 0 0 0 0 0 Official creditors 0 0 0 0 0 0 Private, creditors ...0 0 0 0 0 0 Memo: export credits ...0 94 67 366 488 915 TOTAL DEBT FLOWS Disbursements 65 623 107 782 878 497 Long-term debt ..65 623 107 621 792 497 IMF purchases ..0 0 0 161 86 0 Principal repayments 4 16 97 149 188 324 Long-term debt ..4 16 97 149 188 324 IMF repurcbases ...0 0 0 0 0 0 Net flows on debt 61 699 210 554 569 501 of which sbort-term debt ...0 92 199 -79 -120 328 Interest payments (INT) ..1 13 41 95 104 192 Long-term debt ...1 13 35 79 93 168 IMF charges ..0 0 0 3 7 10 Short-term debt ..0 0 6 13 4 14 Net transfers on debt 60 685 168 459 465 309 Total debt service paid (TDS) 5 30 138 243 292 516 Long-term debt ......5 30 132 228 280 492 IMF reputrchases and charges ......0 0 0 3 7 10 Short-term debt (interest only) ......0 0 6 13 4 14 2.AGGREG ATE NErI RESOURCE FL-O%%S AND NE r TRANsrERS iLONG-IER I' NET RESOURCE FLOWS 101 655 78 600 686 476 Net flow of long-term debt (ex. IMF) ...... 61 607 11 472 604 174 Foreign direct investment (net) ......40 45 50 115 55 285 Portfolio equity flows ......0 0 0 0 0 0 Grants (excluding technical coop.) ......0 4 18 13 27 18 Memo: technical coop. grants ......1 4 10 25 35 33 official net resource flows ......61 459 -22 293 255 41 private net resource flows ...... 40 196 101 308 431 435 NET TRANSFERS .. . . 100 642 43 521 593 308 tnterest on long-term debt ......1 13 35 79 93 168 Profit remittances on FDI .. .. 0 0 0 0 0 0 Memo: official net transfers ...... 60 450 -49 241 200 -65 private net transfers ... .40 192 92 280 394 374 3. 'MAJOR E( ONMI)~C AGG;REGA'[ES Gross national product (GNP) ...... 20,068 21,880 21,059 22,308 23,684 24,749 Exports of goods & services (XGS) ... .. . 2,889 3,000 3,895 4,196 3,980 of which workers remittances ... .. .0 0 0 0 0 Imnports of goods & ser-vices (MGS) ... .. . 3,330 2,894 3,963 5,279 4,417 International reser-ves (RES) . .. .. .. Current account balance . .. .. .. 4. DEBrIN lDICA~TORS EDT! XGS 1% .. .. . 35.7 41.5 45.9 56.3 69.4 EDT! GNP ()...... 0.3 4.7 5.9 8.0 10.0 11.2 TDS /XGS (% .. .. . 1.0 4.6 6.2 7.0 13.0 INT IXGS (% .. .. . 0.5 1.4 2.4 2.5 4.8 INT/ GNP (% .. .. . 0.1 0.2 0.4 0.4 0.8 RES,/EDT(%)............ RES / MGS (months)............ Short-term / EDT (1%) ... .. . 8.9 23.4 11.9 3.9 15.2 Concessional / EDT (% .. .. . 13.9 11.5 10.5 26.0 7.4 Multilateral / EDT (%) ... .. . 0.0 0.4 13.7 11.6 7.6 573 UZBEKISTAN (US$ million, unless otherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 -5. LONG-I ERM [)LBl DEBT OUTSTANDING (LDOD) ..60 940 953 1,418 2,034 2,119 Public and publicly guaranteed ...60 940 953 1,418 1,975 2,028 Official creditors 60 789 751 1,023 1,214 1.171 Multilateral 0 0 5 246 275 209 Concessional 0 0 0 0 0 0 Bilateral 60 789 746 777 939 962 Concessional 0 143 143 188 615 206 Private creditors 0 151 202 395 762 857 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 96 269 Other private 0 151 202 395 665 587 Private nonguaranteed ..0 0 0 0 59 91 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 59 91 Memo: IBRD 0 0 1 157 155 155 IDA 0 0 0 0 0 0 DISBURSEMENTS ...65 623 107 621 792 497 Public and publicly guaranteed ..65 623 107 621 792 461 Official creditors 65 469 43 399 368 186 Multilateral 0 0 5 246 47 21 Concessional 0 0 0 0 0 0 Bilateral 65 469 37 154 321 164 Concessional 0 143 0 46 79 116 Private creditors 0 154 65 222 424 275 BoDds 0 0 0 0 0 0 Commercial banks 0 0 0 0 96 187 Other private 0 154 65 222 328 89 Private nouguaranteed ...0 0 0 0 0 37 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 37 Memo: IBRD 0 0 1 162 9 13 IDA 0 0 0 0 0 0 PRINCIPAL REPAYMENTS ...4 16 97 149 188 324 Public and publicly guaranteed ... .4 16 97 149 188 320 Official creditors 4 14 83 120 140 162 Multilateral 0 0 0 0 3 67 Concessional 0 0 0 0 0 0 Bilateral 4 14 83 120 137 95 Concessional 0 0 0 0 3 5 Private creditors 0 3 14 29 48 158 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 13 Other private 0 3 14 29 48 145 Private nonguaranteed . .0 0 0 0 0 4 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 4 Memo: IBRD 0 0 0 0 0 0 IDA 0 0 0 0 0 0 NET FLOWS ON DEBT ...61 607 11 472 604 174 Public and publicly guaranteed ...61 607 11 472 604 141 Official creditors 61 456 -40 280 228 24 Multilateral 0 0 5 246 44 -46 Concessional 0 0 0 0 0 0 Bilateral 61 456 -45 34 184 69 Concessional 0 t43 0 46 76 ill Private creditors 0 151 51 193 376 118 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 96 174 Other private 0 151 51 193 280 -56 Private nonguaranteed .. ...0 0 0 0 0 32 Bonds 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 32 Memo: IBRD 0 0 1 162 9 13 IDA 0 0 0 0 00 574 UZBEKIISTAN (US$ million, unless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) - ..1 13 35 79 93 168 Public and publicly guaranteed 1 13 35 79 93 163 Official creditors ......1 10 26 52 56 107 Multilateral ......0 0 0 4 16 16 Concessional ......0 0 0 0 0 0 Bilateral I.. .. 10 26 47 39 91 Concessional ......0 0 0 0 14 59 Private creditors ......0 4 9 28 37 56 Bonds ......0 0 0 0 0 0 Commercial banks ...0 0 0 0 0 12 Other private ......0 4 9 28 37 44 Private nonguaranteed 0 0 0 0 0 5 Bonds ......0 0 0 0 0 0 Commercial banks ......0 0 0 0 0 5 Memo: IBRD .. .. 0 0 0 2 10 10 IDA ... .0 0 0 0 0 0 NET TRANSFERS ON DEBT 60 593 -25 393 511 6 Public and publicly guaranteed 60 593 -25 393 511 -22 Official creditors ...... 60 446 -66 228 173 -83 Multilateral ...0 0 5 242 28 -62 Concessional ......0 0 0 0 0 0 Bilateral ... .60 446 -71 -13 145 -21 Concessional ... .0 143 0 46 62 52 Private creditors ...0 147 42 165 339 61 Bonds ... .0 0 0 0 0 0 Commercial banks ... .0 0 0 0 96 162 Other private ... .0 147 42 165 242 -101 Private nonguaranteed 0 0 0 0 0 28 Bonds ... .0 0 0 0 0 0 Commercial banks ......0 0 0 0 0 28 Memo: IBRD ..-. .0 0 1 161 -1 3 IDA -...0 0 0 0 0 0 DEBT SERVICE (LTDS) 5 30 132 228 280 492 Plublic and publicly guaranteed 5 30 132 228 280 483 Official creditors ... .5 23 109 171 195 269 Multilateral ......0 0 0 4 19 83 Concessional ... .0 0 0 0 0 0 Bilateral ... .5 23 109 167 176 186 Concessional ......0 0 0 0 16 64 Private creditors ... .0 6 23 57 85 214 Bonds ......0 0 0 0 0 0 Commercial banks ......0 0 0 0 0 25 Other private ... .0 6 23 57 85 189 Private nonguaranteed 0 0 0 0 0 9 Bonds . ....0 0 0 0 0 0 Commercial banks ... .0 0 0 0 0 9 Memo: IBRD .... 0 0 0 2 10 10 IDA - .. .0 0 0 0 0 0 UTNDISBURSED DEBT 482 423 762 1,135 1,068 1,039 Official creditors ...... 443 423 551 844 857 766 Private creditors ...... 39 0 212 290 211 273 Memorandum items Concessional LDOD ......0 143 143 188 615 206 Variable rate LDOD ... . 27 759 779 970 868 1.398 Public sector LDOD ... .33 917 889 1,290 1,751 1,801 Private sector LDOD ... . 27 22 64 128 283 318 6. CL RRENCI C.OMPOSITIO.N ('F LONG- FERN! DEBT iPERCENTi' Deutsche mark ...... 45.2 2.4 1.5 10.7 14.3 15.4 French franc ...... 0.0 0.0 0.0 3.0 4.3 4.4 Japanese yen ...... 0.0 0.0 0.0 3.1 5.8 8.6 Pound sterling ...... 0.0 0.0 0.0 0.0 0.0 0.0 Swiss franc ...... 9.4 0.6 0.4 0.1 0.2 0.1 U.S.dollars ...... 45.4 97.1 98.0 66.4 63.8 63.8 Multiple curtrency ...... 0.0 0.0 0.1 11.1 7.8 7.6 Special drawing rights . ... 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies ...... 0.0 0.0 0.0 5.5 3.7 0.0 575 UZBEKISTAN (US$ million, unless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEB F REST'RL'CIiURI.NGS Total amount rescheduled .... 0 275 0 0 0 501 Debt stock rescheduled ......0 0 0 0 0 501 Principal rescheduled ......0 0 0 0 0 0 Official ......0 0 0 0 0 0 Private ......0 0 0 0 0 0 Interest rescheduled ......0 0 0 0 0 0 Official ......0 0 0 0 0 0 Private ......0 0 0 0 0 0 Debt forgiven ...0 0 0 0 0 0 Memo: interest forgiven ......0 0 0 0 0 0 Debt stock reduction ......0 0 0 0 0 0 of which debt buyback ......0 0 0 0 0 0 S. DEBT sTOCK-FLO%% REC-OM.- ILLATION Total change in debt stocks ... .972 212 543 576 397 Net flows on debt ... .. . 699 210 554 569 501 Net change in interest arrears ... .. .0 0 0 0 0 Interest capitalized ... .. .0 0 0 0 0 Debt forgiveness or reduction ... .. .0 0 0 0 0 Cross-currency valuation ... .. .-2 2 15 -57 -88 Residual ... .. . 275 1 -26 64 -16 q*.% F RAG.E TLRM%I OF NEIV C! IIEN US ALL CREDITORS Interest (%) ...... 5.8 4.4 7.3 5.4 4.9 6.2 Maturity (years) ...... 5.5 9.6 9.5 15.2 15.6 10.7 Grace period (years) ...... 1.7 2.4 2.9 4.3 4.0 2.7 Grant element (%) ...... 11.2 23.0 10.4 24.7 29.0 16.4 Official creditors Interest (%) ...... 5.9 3.9 6.7 5.2 4.0 6.0 Maturity (years) ...... 5.5 9.1 7.7 18.0 20.6 15.6 Grace period (years) ...... 1.7 2.7 2.0 5.1 6.5 4.0 Grant element (SI) ...... 11.0 25.2 12.1 28.9 41.3 22.8 Private creditors Interest (SI) ...... 4.4 6.3 7.7 5.9 6.0 6.3 Maturity (years) ...... 5.5 11.7 10.5 8.6 9.5 6.0 Grace period (years) ...... 0.9 0.9 3.5 2.4 0.9 1.5 Grant element (SI) ...... 14.8 14.3 9.4 14.7 14.1 10.3 Memorandum items Commitments ...... 547 564 439 1,001 784 686 Official creditors ...... 508 449 165 705 430 333 Private creditors ...... 39 115 274 296 354 353 Ill. O)NTR.AL YL \L OBLItAXTIONS ON% OU'T%JANDING L.ONG-TERNM DEB I 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Dishursements 359 288 171 90 54 315 1 9 9 7 4 Principal 296 359 377 345 295 269 206 196 190 92 Interest 146 143 130 ill 93 75 60 47 35 25 Official creditors Disbursements 228 199 130 79 51 35 19 9 7 4 Principal 152 163 169 159 154 153 133 134 133 70 Interest 73 74 71 65 59 5 1 43 36 29 22 Bilateral creditors Disbursements 144 101 59 31 14 9 3 0 0 0 Principal 143 147 129 106 98 91 82 81 82 39 Interest 54 49 43 37 31 26 21 17 13 9 Multilateral creditors Disbursements 84 98 71 48 37 26 17 9 7 4 Principal 10 16 40 53 57 62 52 52 50 31 Interest 19 25 29 29 28 25 22 20 16 14 Private creditors Disbursements 131 89 40 11 3 0 0 0 0 0 Principal 143 196 209 187 141 116 73 63 57 22 Interest 73 69 58 46 34 24 16 1 1 6 2 Commercial banks Disbursements 91 47 20 5 0 0 0 0 0 0 Principal 35 58 74 74 55 43 25 18 18 18 Interest 21 22 19 15 11 8 5 4 3 2 Other private Disbursements 40 42 21 7 3 0 0 0 0 0 Principal 109 138 135 113 87 73 48 44 39 4 Interest 52 47 39 31 23 17 11 7 3 0 576 VANUATU (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 l.,sLN%I%_NIARY DEBT D.XTr.A TOTAL DEBT STOCKS (EDT) .. 4.1 40.2 39.3 40.4 42.4 46.5 48.2 47.1 47.9 Long-term debt (LDOD) .. 4.1 30.6 38.1 39.6 39.4 41.5 43.2 42.1 38.9 Public and publicly guaranteed .. 4.1 30.6 38.1 39.6 39.4 41.5 43.2 42.1 38.9 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Use of IMF credit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.0 9.6 1.2 0.8 3.0 5.0 5.0 5.0 9.0 of which interest arrears on LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: principal arrears on LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official Creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: export credits ... 23.0 20.0 20.0 17.0 15.0 14.0 11.0 9.0 TOTAL DEBT FLOWS Disbursements .. 0.0 8.7 14.5 4.5 1.1 1.8 1.6 1.1 0.9 Long-term debt .. 0.0 8.7 14.5 4.5 1.1 1.8 1.6 1.1 0.9 IMF purchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal repayments .. 0.4 1.0 0.8 0.9 0.9 1.0 0.9 1.0 0.9 Long-term debt .. 0.4 1.0 0.8 0.9 0.9 1.0 0.9 1.0 0.9 IMF repurchases 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Net flows on debt .. 0.4 7.8 5.3 3.2 2.4 2.8 0.7 0.1 4.0 of which short-term debt ... 0.1 -8.4 -0.4 2.2 2.0 0.0 0.0 4.0 Interest payments (INT) .. 0.2 1.5 0.8 0.6 0.7 0.9 1.0 1.0 1.4 Long-term debt .. 0.2 0.7 0.4 0.6 0.5 0.7 0.7 0.7 0.6 IMF charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt .. 0.0 0.7 0.4 0.1 0.1 0.2 0.3 0.3 0.8 Net transfers on debt .. 0.6 6.4 4.5 2.6 1.8 1.9 -0.3 -0.8 2.7 Total debt service paid (TDS) .. 0.6 2.4 1.6 1.5 1.5 1.9 1.9 1.9 2.2 Long-term debt .. 0.6 1.7 1.2 1.4 1.4 1.6 1.6 1.6 1.4 IMF repurchases and charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Short-term debt (interest only) .. 0.0 0.7 0.4 0.1 0.1 0.2 0.3 0.3 0.8 2.AGGREGATE NET RESOLtRCE FLOVS AND NET TR.ANSFERS (LONG.TERN'Ii NET RESOURCE FLOWS .. 19.3 42.7 56.7 39.6 37.5 44.1 54.2 40.7 37.2 Net flow of long-term debt (ex. IMF) .. -0.4 7.7 13.7 3.6 0.2 0.8 0.7 0.1 0.0 Foreign direct investment (net) .. 0.0 13.0 25.0 26.0 26.0 30.0 31.0 28.0 30.0 Portfolio equity flows .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grants (excluding technical coop.) .. 19.7 22.0 18.0 10.0 11.3 13.3 22.5 12.6 7.2 Memo: technical coop. grants .. 24.6 22.3 23.0 26.0 23.4 27.7 21.7 18.1 20.2 official net resource flows .. 19.4 30.0 31.9 13.8 11.7 14.3 23.4 12.9 7.3 private net resource flows .. 0.0 12.8 24.8 25.8 25.8 29.8 30.8 27.9 29.9 NET TRANSFERS .. 19.1 26.8 27.2 8.8 6.6 10.5 19.5 8.1 1.6 Interest on long-term debt .. 0.2 0.7 0.4 0.6 0.5 0.7 0.7 0.7 0.6 Profit remittances on FDI . 0.0 15.2 29.1 30.2 30.4 33.0 34.0 32.0 35.0 Memo: official net transfers .. 19.2 29.4 31.6 13.3 11.2 13.7 22.8 12.3 6.7 private net transfers .. 0.0 -2.6 -4.4 -4.5 -4.7 -3.2 -3.2 -4.1 -5.1 3. 't-AJOR E( ONONIIC AG,GREG VIES Gross national product (GNP) .. 95.9 162.6 172.7 174.6 181.0 190.7 216.8 231.2 233.4 Exports of goods & services (XGS) ... 112.7 112.8 112.1 106.2 119.0 129.1 139.0 148.0 of which workers remittances ... 6.9 7.0 6.8 4.9 5.8 6.1 6.0 6.0 Imports of goods & services (MGS) ... 136.5 150.1 141.1 138.2 155.5 164.5 165.0 166.0 International reserves (RES) . .. .. .. Current account balance ... -6.2 -10.3 -9.7 -11.7 -18.5 -18.2 4. DEBT INDICATORS EDT /XGS (J... 35.7 34.9 36.1 39.9 39.1 37.3 33.9 32.4 EDT /GNP (% . 4.3 24.7 22.8 23.2 23.4 24.4 22.2 20.4 20.5 TDS /XGS ()... 2.1 1.4 1.3 1.4 1.6 1.5 1.4 1.5 INT /XGS (9). . 1.3 0.7 0.6 0.6 0.8 0.8 0.7 0.9 INT /GNP ().. 0.3 0.9 0.5 0.4 0.4 0.5 0.5 0.4 0.6 RES;'EDT(%)............ RES / MGS (months)............ Short-term!/ EDT (91) .. 0.0 23.9 3.2 21 7.1 10.7 10.4 10.6 18.8 Concessional / EDT (91) .. 78.3 62.5 84.9 88.9 86.3 84.3 85.9 86.8 79.7 Multilateral / EDT (91) .. 0.0 41.6 64.7 66.9 65.2 65.8 66.1 67.0 61.7 577 VANUATUJ (US$ ,nill ion, uniless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 -5.. LONCS-T;ERNi DEBT DEBT OUTSTANDING (LDOD) .. 4.1 30.6 38.1 39.6 39.4 41.5 43.2 42.1 38.9 Public and publicly guaranteed .. 4.1 30.6 38.1 39.6 39.4 41.5 43.2 42.1 38.9 Official creditors .. 3.9 29.1 36.8 38.6 38.6 40.9 42.8 41.8 38.8 Multilateral .. 0.0 16.7 25.4 27.1 27.6 30.6 31.9 31.6 29.6 Concessionat . 0.0 12.9 22.1 24.5 25.7 29.0 30.5 30.7 29.0 Bilateral .. 3.9 12.4 11.4 11.6 11.0 10.3 10.9 10.3 9.2 Concessional .. 3.2 12.3 11.3 11.5 10.9 10.2 10.9 10.3 9.2 Private creditors .. 0.2 1.5 1.3 1.0 0.8 0.6 0.4 0.3 0.2 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.2 1.5 1.3 1.0 0.8 0.6 0.4 0.3 0.2 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 4.0 8.6 11.1 11.4 12.5 13.2 13.2 13.0 DISBURSEMENTS .. 0.0 8.7 14.5 4.5 1.1 1.8 1.6 1.1 0.9 Public and publicly guaranteed .. 0.0 8.7 14.5 4.5 1.1 1.8 1.6 1.1 0.9 Official creditors .. 0.0 8.7 14.5 4.5 1.1 1.8 1.6 1.1 0.9 Multilateral .. 0.0 3.4 9.3 3.5 1.0 1.6 1.4 1.0 0.8 Concessional .. 0.0 3.3 9.3 3.5 1.0 1.6 1.4 1.0 0.8 Bilateral .. 0.0 5.3 5.1 1.0 0.1 0.2 0.2 0.2 0.1 Concessional .. 0.0 5.3 5.1 1.0 0.1 0.2 0.2 0.2 0.1 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comnmercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.8 4.3 3.0 0.3 0.5 0.4 0.5 0.6 PRINCIPAL REPAYMENTS .. 0.4 1.0 0.8 0.9 0.9 1.0 0.9 1.0 0.9 Public and publicly guaranteed .. 0.4 1.0 0.8 0.9 0.9 1.0 0.9 1.0 0.9 Official creditors .. 0.3 0.8 0.6 0.7 0.7 0.8 0.7 0.8 0.8 Multilateral .. 0.0 0.5 0.5 0.6 0.5 0.5 0.4 0.5 0.5 Concessional .. 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 0.2 Bilateral .. 0.3 0.2 0.0 0.1 0.1 0.3 0.3 0.3 0.3 Concessional .. 0.3 0.2 0.0 0.1 0.1 0.3 0.3 0.3 0.3 Private creditors .. 0.0 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NET FLOWS ON DEBT .. -0.4 7.7 13.7 3.6 0.2 0.8 0.7 0.1 0.0 Public and publicly guaranteed .. -0.4 7.7 13.7 3.6 0.2 0.8 0.7 0.1 0.0 Official creditors .. -0.3 8.0 13.9 3.8 0.4 1.0 0.9 0.3 0.1 Multilateral .. 0.0 2.8 8.8 2.9 0.5 1.1 1.0 0.4 0.3 Concessional .. 0.0 3.3 9.3 3.5 1.0 1.5 1.3 0.8 0.7 Bilateral .. -0.3 5.1 5.1 0.9 -0.1I -0. 1 -0.1I -0.1 -0.2 Concessional .. -0.3 5.2 5.1 0.9 -0. 1 0.0 -0.1I -0.1 -0.2 Private creditors .. 0.0 -0.2 -0.2 -0.2 -0.2 -0.2 -0.2 -0.1 -0. 1 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 -0.2 -0.2 -0.2 -0.2 -0.2 -0.2 -0. 1 -0. 1 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Comnmercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.8 4.3 3.0 0.3 0.5 0.4 0.5 0.5 578 VANUATU (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) .. 0.2 0.7 0.4 0.6 0.5 0.7 0.7 0.7 0.6 Public and publicly guaranteed .. 0.2 0.7 0.4 0.6 0.5 0.7 0.7 0.7 0.6 Official creditors .. 0.2 0.6 0.3 0.5 0.5 0.6 0.6 0.6 0.6 Multilateral .. 0.0 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 Concessional .. 0.0 0.1 0.1 0.2 0.2 0.2 0.3 0.3 0.2 Bilateral .. 0,2 0.3 0.0 0.1 0.1 0.3 0.3 0.3 0.3 Concessional .. 0.2 0.3 0.0 0.1 0.1 0.3 0.3 0.3 0.3 Private creditors .. 0.0 0.2 0.1 0.1 0.1 0.0 0.0 0.0 0.0 Bonds .. 0,0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0,0 0.2 0.1 0.1 0.1 0.0 0.0 0.0 0.0 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 NET TRANSFERS ON DEBT .. 0.6 7.0 13.3 3.0 -0.3 0.2 0.0 -0.5 -0.6 Public and publicly guaranteed -.0.6 7.0 13.3 3.0 -0.3 0.2 0.0 -0.5 -0.6 Official creditors .. 0.6 7.4 13.6 3.3 0.0 0.4 0.2 -0.3 -0.4 Multilateral .. 0.0 2.6 8.5 2.6 0.2 0.7 0.6 0.1 0.0 Concessional .. 0.0 3.2 9.1 3.3 0.8 1.3 1.1 0.5 0.4 Bilateral .. 0.6 4.8 5.1 0.7 -0.2 -0.3 -0.4 -0.4 -0.5 Concessional .. 0.4 4.8 5.1 0.7 -0.2 -0.3 .0.4 -0.4 -0.5 Private creditors .. 0.0 -0.4 -0.3 -0.3 -0.3 -0.3 -0.2 -0.2 -0.1 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 -0.4 -0.3 -0.3 -0.3 -0.3 -0.2 -0.2 -0.1I Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.8 4.3 2.9 0.2 0.4 0.3 0.4 0.4 DEBT SERVICE (LTDS) .. 0.6 1.7 1.2 1.4 1.4 1.6 1.6 1.6 1.4 Public and publicly guaranteed .. 0.6 1.7 1.2 1.4 1.4 1.6 1.6 1.6 1.4 Official creditors .. 0.6 1.3 0.9 1.1 1.1 1.4 1.4 1.5 1.3 Multilateral .. 0.0 0.8 0.8 0.9 0.9 0.8 0.8 0.9 0.8 Concessional .. 0.0 0.1 0.1 0.2 0.3 0.3 0.3 0.4 0.4 Bilateral .. 0.6 0.5 0.1 0.3 0.3 0.6 0.6 0.6 0.5 Concessional .. 0.4 0.5 0.0 0.2 0.3 0.5 0.6 0.6 0.5 Private creditors .. 0.0 0.4 0.3 0.3 0.3 0.3 0.2 0.2 0.1 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private .. 0.0 0.4 0.3 0.3 0.3 0.3 0.2 0.2 0.1 Private nonguaranteed .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bonds .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memo: IBRD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 IDA 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 UNDISBURSED DEBT .. 0.0 18.1 12.1 12.5 11.4 9.8 8.4 15.4 13.1 Official creditors .. 0.0 18.1 12.1 12.5 11.4 9.8 8.4 15.4 13.1 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Concessional LDOD .. 3.2 25.1 33.4 35.9 36.6 39.2 41.4 40.9 38.2 Variable rate LDOD .. 0.0 0.8 0.7 0.6 0.5 0.5 0.4 0.3 0.2 Public sector LDOD .. 4.1 30.6 38.1 39.6 39.4 41.5 43.2 42.1 38.9 Private sector LDOD .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6. CU'RREN(.X COMIPOSITION 01. LON(.-TERM~ DEBT 'PERC LNTFi Deutsche mark .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc .. 82.5 33.3 17.9 18.2 17.0 17.6 18.1 17.1 15.9 Japanese yen .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Pound sterling .. 14.6 0.7 0.3 0.3 0.3 0.2 0.0 0.0 0.0 Swiss franc .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U.S.dotlars .. 0.0 20.9 33.9 38.4 39.1 40.0 39.3 40.3 42.1 Multiple currency .. 0.0 28.7 29.7 28.0 30.0 33.2 33.8 34.6 34.2 Special drawing rights .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies .. 4.9 16.4 18.2 15.1 13.7 9.4 8.6 8.1 7.7 579 VANUATU (US$ million, unlness otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBIT RESIRIICTLIRJNGS Total amount rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock rescheduted .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official .. 0.0 0.0 0.0 0.0 0.0 0.0 0. 0.0 0.0 Private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest rescheduled .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Official .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Private .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiven ... 0.0 5.6 0.0 0.0 0.0 0.0 0.0 0.0 Memo: interest forgiven . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt stock reduction .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 of which debt buvback .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8. DEB'I Sl'OCK-FLOW%% RECONCIL1 XT ION Total change in debt stocks ... 10.0 -0.9 1.1 1.9 4.1 1.7 -1.1 0.8 Net flows on debt .. 7.8 5.3 3.2 2.4 2.8 0.7 0.1 4.0 Net change in interest arrears ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest capitalized ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Debt forgiveness or reduction . . 0.0 -5.6 0.0 0.0 0.0 0.0 0.0 0.0 Cross-currency valuation ... 1.6 -0.3 -0.9 -0.6 -0.1I 0.8 -0.5 -0.8 Residual ... 0.0 -0.3 -1.2 0.1 1.4 0.2 -0.7 -2.4 9. .% F Pi.;E'lF I NtSR OF NE%% ((JNTMITiEFNTS ALL CREDITORS Interest (%) .. 0.0 0.0 2.1 1.0 0.0 0.0 0.0 3.5 0.0 Maturity (years) .. 0.0 0.0 37.6 39.5 0.0 0.0 0.0 39.9 0.0 Grace period (years) .. 0.0 0.0 8.6 10.0 0.0 0.0 0.0 10.4 0.0 Grant elemelnt (%) .. 0.0 0.0 67.1 78.1 0.0 0.0 0.0 56.0 0.0 Official creditors Interest (% . 0.0 0.0 2.1 1.0 0.0 0.0 0.0 3.5 0.0 Maturity (years) .. 0.0 0.0 37.6 39.5 0.0 0.0 0.0 39.9 0.0 Grace period (years) .. 0.0 0.0 8.6 10.0 0.0 0.0 0.0 10.4 0.0 Grant element (%) .. 0.0 0.0 67.1 78.1 0.0 0.0 0.0 56.0 0.0 Private creditors Interest (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments .. 0.0 0.0 9.5 5.2 0.0 0.0 0.0 9.9 0.0 Official creditorS . 0.0 0.0 9.5 5.2 0.0 0.0 0.0 9.9 0.0 Private creditors .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 II). CON FRA( ii1-Al- OBLIG.-VThTOM ON )Li IS r I'NVlUN 1- ONG-rf R.N D)EBI 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 2.2 2.4 2.2 2.0 1.6 1.4 1.0 0.3 0.0 0.0 Principal 0.7 0.7 0.9 1.0 1.1 1.1 1.1 1.1 1.3 1.5 Interest 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.6 0.7 0.8 Official creditors Disbursements 2.2 2.4 2.2 2.0 1.6 1.4 1.0 0.3 0.0 0.0 Principal 0.6 0.7 0.9 1.0 1.1 1.1 1.1 1.1 1.3 1.5 Interest 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.6 0.7 0.8 Bilateral creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.2 0.2 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.4 Interest 0.3 0.2 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Multilateral creditors Disbursements 2.2 2.4 2.2 2.0 1.6 1.4 1.0 0.3 0.0 0.0 Principal 0.3 0.4 0.4 0.5 0.6 0.6 0.7 0.7 0.9 1.1 Interest 0.3 0.3 0.4 0.4 0.4 0.5 0.5 0.5 0.5 0.6 Private creditors Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commercial banks Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other private Disbursements 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Principal 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 580 VENEZUEIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 . .SU MNAR'a DEBT DAI~ A~ TOTAL DEBT STOCKS (EDT) 29,344 33,170 34,122 37,848 37,539 36,853 35,842 35,347 35,542 Long-term debt (LDOD) 954 13,795 28,159 28,589 29,628 30,177 30,478 30,508 30,269 29,529 Public and publicly guaranteed 718 10,614 24,509 24,939 25,830 26,855 28,042 28,494 28,455 26,680 Private nonguaranteed 236 3,181 3,650 3,650 3,798 3,322 2,436 2,013 1,814 2.849 Use of IMF credit 0 0 3,012 3,249 2,946 2,680 2,643 2,239 2,196 1,618 Short-term debt 15,550 2,000 2,284 5,275 4,682 3,732 3,096 2,881 4,395 of which interest arrears on LDOD 15 0 0 147 189 293 305 296 277 Officiat creditors ..0 0 0 9 2 12 12 11 10 Private creditors 15 0 0 138 188 280 293 284 266 Memno: principat arrears on LDOD 37 0 0 472 834 1,249 1,301 1,241 1,168 Official creditors 0 0 0 22 48 116 116 105 95 Private creditors 3 7 0 0 450 786 1,133 1,185 1,136 1,073 Memo: export credits .. 2,386 4,073 5,548 6,491 7,750 5,860 4.846 3,763 TOTAL DEBT FLOWS Disbursements 282 4,761 4,069 2,091 2,572 2,137 1,045 1,712 2,880 6,382 Long-term debt 282 4.761 2,226 1,774 2,572 2,137 1,045 1,712 2.372 6,382 IMF purchases 0 0 1.843 317 0 0 0 0 508 0 Principal repayments 67 2,972 1,747 897 1,194 1,783 1,573 2,464 2,365 6,323 Long-term debt 67 2,972 1,747 791 1,013 1,515 1,372 2,003 1,888 5,871 IMF repurchases 0 0 0 106 181 268 201 462 477 452 Net flows on debt 215 1,789 2,037 1,478 4,222 -281 -1,582 -1,401 310 1,592 of which short-term debt -284 284 2,844 -635 -1,054 -648 -205 1,532 Interest payments (INT) 3,065 3,242 2,425 2,137 2,162 2,115 2,402 2,138 2,312 Long-term debt 53 1,475 2,993 1,980 1,626 1,768 1,768 2,067 1,859 2,018 IMF charges 0 0 37 232 229 174 141 142 100 93 Short-term debt .. 1,590 212 212 282 220 206 193 178 201 Net transfers on debt -1,276 -1,205 -947 2,084 -2,443 -3,697 -3,803 -1,828 -720 Total debt service paid (TDSI 6,037 4,990 3,321 3,331 3,945 3,688 4,867 4,503 8,634 Long-term debt 120 4,447 4,741 2,772 2,639 3,283 3,140 4,070 3,748 7,889 IMF repurchases and charges 0 0 37 338 410 442 342 604 577 545 Short-term debt (interest only) .. 1,590 212 212 282 220 206 193 178 201 2.A .IG4REG 'LI E -NET RESOURCE FLO%$ SAND NEI r RANSFER-S il-ONG-TERNd I NET RESOURCE FLOWS 192 1,844 934 3,006 2,338 1,062 533 1,173 4,420 6,039 Net flow, of long-term debt (ex. IMF) 215 1,789 478 983 1,559 622 -327 -291 484 512 Foreign direct investment (net) -23 55 451 1,916 629 372 813 985 2,183 5,087 Portfolio equity flows 0 0 0 100 146 59 42 461 1,740 429 Grants (excluding technical coop.) 0 0 5 7 5 9 6 18 13 11 Memo: technical coop. grants 6 19 27 28 40 41 32 40 38 50 official net resource flows 4 20 1,060 837 794 101 398 166 -174 -243 private net resource flows 187 1,825 -126 2,168 1,545 961 135 1,007 4,594 6,282 NET TRANSFERS -429 47 -2,283 797 205 -1,280 -1,834 -1,514 1,860 3,021 Interest on long-term debt 53 1,475 2,993 1,980 1,626 1,768 1,768 2,067 1,859 2,018 Profit remittances on FDI 568 322 224 228 507 574 600 620 700 1,000 Memo: official net tra-nsfers -16 -16 989 700 566 -167 128 -130 -450 -481 private net tranSferS -413 63 -3,272 97 -361 -1,113 -1,962 -1,384 2,310 3,502 31. MA.*JOR ECONOMIC A4GGREG -%TES Gross national product (GNP) 12,876 69,695 47,149 52,445 58,944 58,265 56,538 75,400 68,543 85,481 Exports of goods & services (XGS) 2,833 22,232 21,464 18,556 17,121 17,718 19,305 22,618 27,324 27,600 of which workers remittances 0 0 0 0 0 0 0 0 465 457 Imports of goods & services (MGS) 2,845 17,065 12,883 16.456 20,496 19,343 16,681 20,713 18,083 22,336 International reserves (RES) 1,047 13,360 12,733 14,719 13,381 13,693 12,459 10,715 16,020 17,704 Current account balance -104 4,728 8,279 1,736 -3,749 -1,993 2,541 2,014 8,914 4,684 4. DEBTr INDIC.ATORS EDT / XGS (% . 132.0 154.5 183.9 221.1 211.9 190.9 158.5 129.4 128.8 EDT! GNP (I4) .. 42.1 70.4 65.1 64.2 64.4 65.2 47.5 51.6 41.6 TDS /XGS I%) .. 27.2 23.2 17.9 19.5 22.3 19.1 21.5 16.5 31.3 INT /XGS (I4) .. 13.8 15.1 13.1 12.5 t2.2 11.0 10.6 7.8 8.4 INT/GNP(% . 4.4 6.9 4.6 3.6 3.7 3.7 3.2 3.1 2.7 RES EDT (4.. 45.5 38.4 43.1 35.4 36.5 33.8 29.9 45.3 49.8 RES /MGS (months) 4.4 9.4 11.9 10.7 7.8 8.5 9.0 6.2 10.6 9.5 Short-term / EDT (%) .. 53.0 6.0 6.7 13.9 12.5 10.1 8.6 8.2 12.4 Concessional / EDT (4.. 0.2 0.3 0.2 0.2 0.2 0.2 0.3 0.3 0.2 Multilateral / EDT (% . 0.7 4.9 6.5 7.2 7.7 8.5 9.2 7.9 7.0 58] VENEZUELA (US$ mnillioni, unless otherwise indicated) 1970 1980 1990 199] 1992 1993 1994 1995 1996 1997 -5.. 1.(JN(-rIERMN DE BTl DEBT OUTSTANDING (LDOD) 954 13,795 28,159 28,589 29,628 30,177 30,478 30,508 30,269 29,529 Public and publicly guaranteed 718 10,614 24,509 24,939 25,830 26,855 28,042 28,494 28,455 26,680 Official creditors 366 571 1,932 2,826 3,548 3,769 4,477 4,697 4,060 3,490 Multilateral 244 216 1,639 2,210 2,728 2,884 3,133 3,300 2,790 2,492 Concessional 1 42 12 9 8 7 5 4 3 1 Bilateral 122 355 293 616 820 884 1,344 1,397 1,270 998 Concessional 81 8 73 72 67 64 86 96 102 84 Private creditors 352 10,043 22,577 22,113 22,282 23,087 23,565 23,798 24,395 23,190 Bonds 37 1,261 19,644 19,778 20,099 20,998 21,061 20,885 20,660 19,560 Commercial banks 237 8,159 364 148 202 289 585 1,158 1,985 1,982 Other private 78 623 2,569 2.186 1,981 1,799 1,920 1,755 1,750 1,648 Private nonguaranteed 236 3,181 3,650 3,650 3,798 3,322 2,436 2,013 1,814 2,849 Bonds 0 0 0 0 174 264 114 114 134 319 Commercial banks 236 3,181 3,650 3,650 3,624 3,058 2,322 1,899 1,680 2,530 Memo: IBRD 217 133 974 1,340 1,479 1,529 1,653 1,639 1,408 1,213 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 282 4,761 2,226 1,774 2,572 2,137 1,045 1,712 2,372 6,382 Public and publicly guaranteed 216 2,870 2,226 1,601 1,714 1,877 1,045 1,632 1,974 5,122 Official creditors 30 88 1,103 875 838 173 493 523 258 200 Multilateral 21 3 1,035 541 597 126 103 267 74 176 Concessional 1 2 0 0 0 0 0 0 0 0 Bilateral 10 85 69 334 241 47 391 255 184 25 Concessional 0 0 15 0 0 2 19 16 20 0 Private creditors 186 2,782 1,122 726 876 1,704 552 1,109 1,716 4,922 Bonds 0 276 599 502 757 1.500 0 349 432 4,515 Commercial banks 140 2,362 26 5 1 82 123 304 586 944 225 Other private 46 144 497 172 37 81 248 174 340 182 Private nonguaranteed 67 1,891 0 173 858 260 0 80 398 1,260 Bonds 0 0 0 0 174 90 0 0 95 200 Commercial banks 67 1,891 0 173 684 170 0 80 303 1,060 Memo: IBRD 15 1 840 330 177 20 20 47 48 91 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 67 2,972 1,747 791 1,013 1,515 1,372 2,003 1,888 5,871 Public and publicly guaranteed 42 1,737 1,574 618 303 779 486 1,500 1,291 5,646 Official creditors 26 68 49 44 49 80 101 375 445 454 Multilateral 13 33 8 10 17 33 65 202 272 271 Concessional 0 3 3 2 1 1 1 1 1 1 Bilateral 13 35 41 34 32 47 36 173 173 183 Concessional 4 6 0 0 1 0 4 12 8 9 Private creditors 16 1,668 1,526 574 254 699 386 1,125 847 5,192 Bonds 1 13 254 12 53 466 145 677 503 4,873 Commercial baniks 5 1,324 706 47 23 27 32 46 54 115 Other private 10 331 566 515 178 206 208 402 290 204 Private nonguaranteed 25 1,235 173 173 710 736 886 503 597 225 Bonds 0 0 0 0 0 0 150 0 75 15 Commercial banks 25 1,235 173 173 710 736 736 503 522 210 Memo: IBRD 10 23 0 0 0 0 0 116 169 172 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 215 1,789 478 983 1,559 622 -327 -291 484 512 Public and publicly guaranteed 174 1,133 651 983 1,411 1,098 559 132 683 -523 Official creditors 4 20 1,055 830 789 93 393 148 -187 -254 Multilateral 8 -30 1,027 531 580 92 38 65 -198 -96 Concessional 1 -1 -3 -2 -1 -1 -1 -1 -1 -1 Bilateral -4 50 28 299 209 0 355 83 11 -158 CoDcessional -4 -6 15 0 -1 2 15 4 12 -9 Private creditors 169 1,114 -404 152 622 1,005 166 -16 869 -269 Bonds -1 263 345 490 704 1,035 -145 -328 -71 -358 Commercial banks 134 1,038 -680 5 59 96 272 540 890 110 Other private 36 -187 -69 -343 -141 -126 40 -228 50 -22 Private nonguaranteed 41 656 -173 0 148 -476 -886 -423 -199 1,035 Bonds 0 0 0 0 174 90 -150 0 20 185 Commercial banks 41 656 -173 0 -26 -566 -736 -423 -219 850 Memo: IBRD 6 -22 840 330 177 20 20 -69 -121 -81 IDA 0 0 0 0 0 0 0 0 0 t 582 VENEZUELA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 53 1,475 2,993 1,980 1,626 1,768 1,768 2,067 1,859 2,018 Public and publicly guaranteed 40 1,218 2,593 1,580 1,526 1,521 1,636 1,956 1,818 1,830 Official creditors 20 36 71 137 228 268 270 296 276 238 Multilateral 15 18 59 124 187 212 231 231 226 191 Concessional 0 2 0 0 0 0 0 0 0 0 Bilateral 5 18 12 13 41 56 40 66 50 48 Concessional 3 1 0 0 1 1 2 3 3 4 Private creditors 20 1,183 2,522 1,443 1,298 1,253 1,365 1,660 1,542 1,592 Bonds 3 61 135 1,260 1,255 1,179 1,307 1,518 1,402 1,422 Commercial banks 16 1,052 2,198 19 6 6 19 65 86 126 Other private 2 70 189 164 37 68 40 77 54 45 Private nonguaranteed 13 257 400 400 100 246 132 ill 42 188 Bonds 0 0 0 0 2 14 20 10 10 11 Commercial banks 13 257 400 400 98 232 112 101 32 177 Memo: IBRD 13 12 19 62 106 Ill 115 120 108 87 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 162 314 -2,515 -998 -68 -1,146 -2,094 -2,358 -1,376 -1,506 Public and publicly guaranteed 134 -85 -1,942 -598 -115 -424 -1,077 -1,824 -1,135 -2,353 Official creditors -16 -16 984 693 561 -176 122 -148 -463 -492 Multilateral -7 -48 968 407 393 -120 -193 -166 -424 -286 Concessional 1 -3 -4 -3 -2 -2 -2 -2 -1 -1 Bilateral -9 32 16 287 168 -56 315 17 -39 -206 Concessional -6 -6 15 0 -2 1 13 2 10 -13 Private creditors 150 -69 -2.926 -1,291 -676 -248 -1,199 -1,676 -672 -1,861 Bonds -4 202 210 -770 -550 -145 -1,452 -1,846 -1,472 -1,779 Commnercial banks 119 -15 -2,878 -15 53 90 253 475 804 -16 Other private 35 -256 -258 -506 -18 -193 0 -305 -4 -66 Private nonguaranteed 28 399 -573 -400 48 -722 -1,018 -534 -241 847 Bonds 0 0 0 0 172 76 -170 -10 10 174 Commercial banks 28 399 -573 -400 -124 -798 -848 -524 -251 673 Memo: IBRD -7 -35 821 268 71 -91 -95 -189 -229 -168 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 120 4,447 4,741 2,772 2,639 3,283 3,140 4,070 3,748 7,889 Public and publicly guaranteed 82 2,955 4,168 2,198 1,829 2,301 2,122 3,456 3,109 7,476 Official creditors 46 104 119 182 277 349 371 671 721 692 Multilateral 28 51 67 134 204 246 296 433 498 462 Concessional 0 5 4 3 2 2 2 2 1 1 Bilateral 18 53 53 47 73 103 76 238 222 230 Concessional 6 6 0 0 2 1 6 14 10 13 Private creditors 36 2,851 4,048 2,017 1,552 1,952 1,751 2,785 2,388 6,783 Bonds 4 74 389 1,272 1,308 1,645 1,452 2,195 1,904 6,294 Commercial banks 21 2,377 2,905 66 29 33 51 110 140 241 Other private I11 401 755 679 216 274 248 479 344 248 Private nonguaranteed 38 1,492 573 573 810 982 1,018 614 639 413 Bonds 0 0 0 0 2 14 170 10 85 26 Commercial banks 38 1,492 573 573 808 968 848 604 554 387 Memo: IBRD 23 35 19 62 106 Ill 115 235 277 259 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 196 364 2,986 3,275 3,395 3,562 3,180 2,505 2,192 2,210 Official creditors 106 101 1,567 2,074 2,207 2,670 2,599 2,280 2,156 2.208 Private creditors 90 263 1,419 1,201 1,188 893 580 224 37 2 Memorandum items ConcessioDal LDOD 82 50 84 81 75 71 91 100 105 85 Variable rate LDOD 255 11,224 17,448 17,912 18,592 17,997 17,768 17,837 18,114 18,381 Public sector LDOD 682 10,277 24,508 24,938 25,523 26,110 27,280 27.920 27,894 26,200 Private sector LDOD 272 3,518 3,650 3,650 4,104 4,067 3,198 2,588 2,375 3,329 6. C1IRRE NCN- COMlPOSII[ON OF I-ONC-1 ERN D B[I iPER( ENTi Deutsche mark 5.2 7.8 6.9 6.3 5.7 6.5 6.9 9.6 10.2 8.7 French franc 1.5 1.9 4.1 3.3 2.7 2.3 2.6 2.6 2.3 1.9 Japanese yen 0.0 4.9 0.6 2.0 2.8 2.6 4.0 4.2 3.7 3.1 Pound sterling 0.1 0.0 1.5 1.6 1.3 1.3 1.3 1.2 1.4 1.3 Swiss franc 4.6 0.0 0.9 0.7 0.6 0.6 0.7 0.7 0.6 0.6 U.S.dollars 54.3 82.8 78.2 76.2 75.6 75.1 72.1 68.5 70.2 73.4 Multiple currency 32.0 2.3 6.5 8.7 10.4 10.6 11.1 11.5 9.8 9.3 Special drawing rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currencies 2.3 0.3 1.3 1.2 0.9 1.1 1.4 1.7 1.8 1.7 583 VENEZUELA (USS million, uniless otherwise indicated) 1970 1980 7990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RF-STRI CilUIWNG.s Total amount rescheduled 0 0 17,659 0 0 0 0 0 (1 0 Debt stock rescheduled 0 0 17,630 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven 0 0 0 0 0 0 0 0 Memo: interest forgiven ...0 0 0 0 0 0 0 0 Debt stock reduction 0 0 2,361 565 204 18 0 0 0 4,400 of which debt buyback 0 0 634 0 0 00 0 0 4,000 S. DEBT SlIOt K-Fl_O%1 RECONCILIATION. Total change in debt stocks ..793 951 3,727 -309 -687 -1,011 -495 195 Net flows on debt 2, 03 7 1,478 4,222 -281 -1,582 -1,401 310 1,592 Net change in interest arrears .. -6 0 147 43 103 1 2 -9 -19 Interest capitalized 0 0 0 0 0 0 0 0 Debt forgiveness or reduction .. -1,727 -565 -204 -18 0 0 0 -400 Cross-currency valuation 625 13 -333 -103 657 365 -538 -710 Re-sidual ... -136 25 -105 50 135 13 -257 -269 9..%NYERA(;E rFR:kl% OF NEW CONIAMl rNIEN1IS ALL CREDITORS Interest (%) 7.6 12.1 8.2 8.4 8.1 7.8 7.0 7.4 7.5 8.7 Maturity (years) 8.3 7.7 14.5 14.0 12.4 9.2 14.1 7.3 8.4 25.0 Grace period (years) 1.9 3.1 5.6 4.1 5.5 4.1 3.6 3.6 3.8 23.0 Granit elemienit (%) 9.5 -8.5 9.5 8.2 10.4 9.3 15.1 9.5 9.3 8.4 Ofricial creditors Interest (%) 8.0 8.3 7.8 8.0 7.1 6.8 6.9 6.8 7.2 7.5 Maturity (years) 17.8 122.4 15.6 15.5 17.4 17.2 15.9 17.2 18.0 17.6 Grace period (years) 2.9 2.7 4.9 3.8 5.3 4.8 4.3 5.2 4.5 4.0 Grant element (% 9.4 7.1 11.8 10.5 17.3 18.2 17.1 19.1 16.2 14.3 Private creditors Interest (% 7.5 12.3 8.5 9.3 9.2 8.2 7.4 7.7 7.6 8.9 Maturity (years) 6.8 7.5 13.6 10.0 6.8 5.9 9.0 3.2 7.2 26.1 GTrace period (years) 1.7 3.1 6.1 4.8 5.7 3.8 1.4 3.0 3.7 25.8 Grant element (%) 9.6 -9.3 7.8 2.2 2.7 5.6 9.0 5.6 8.4 7.6 Memorandum items Commitments 188 2,769 3,209 1,850 1,884 1,974 757 1,033 1,731 5,603 Official creditors 25 133 1,362 1,343 992 581 566 298 199 716 Private creditors 163 2.636 1,847 507 892 1,393 191 735 1,532 4,888 1J). CO)NTRAC TI;UAL OBLIG ~T- 10NS ON O1 f SIr.AND)ING LONG.-TERM~ DE B 1I 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTA-L Disbursemnents 578 516 420 317 209 89 44 21 9 5 Principal 2.846 2,083 2,298 2,191 2.427 2,373 2,006 1,635 1,312 1,733 Interest 2,074 1,917 1,802 1,662 1,523 1.323 1,186 1,056 950 840 Ofricial creditors Disbursements 576 516 420 317 209 89 44 21 9 5 Principal 494 509 522 579 576 526 513 390 267 231 Interest 249 251 247 234 212 182 152 121 98 80 Bilateral cr-editors Disbursements 11 4 0 0 0 0 0 0 0 0 Principal 161 152 143 136 130 77 65 46 10 0 Interest 39 32 25 19 13 8 5 2 0 0 Multilateral creditors Disbursements 564 511 420 317 209 89 44 21 9 5 Principal 333 356 379 443 446 448 448 344 257 231 Interest 210 220 222 216 199 175 147 119 97 80 Private creditors Disbursemnents 2 0 0 0 0 0 0 0 0 0 Principal 2,352 1,575 1,776 1,612 1,852 1,847 1,492 1,245 1,045 1,501 Interest 1,825 1.666 1,555 1,427 1,311 1,141 1,034 935 852 760 Commercial banks Disbursements 1 0 0 0 0 0 0 0 0 0 Principal 418 221 281 281 262 210 197 61 27 0 Interest 130 110 92 72 52 33 18 7 2 0 Other private Disbursements 1 0 0 0 0 0 0 0 0 0 Principal 1,934 1,354 1,495 1,331 1,590 1,638 1,295 1,184 1,018 1,501 Interest 1,695 1,556 1,463 1,356 1,260 1.107 1,016 929 850 760 584 VIETNAM (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 1. SUMAMAR) DEBT DA'I * TOTAL DEBT STOCKS (EDT) 23,270 23,395 24,332 24,168 24,800 25,427 26,256 21,629 Long-term debt (LDOD) 21,378 21,361 21,649 21,599 21,855 21,777 21,964 18,839 Public and publicly guaranteed 21,378 21,361 21,649 21,599 21,855 21,777 21,964 18,839 Private nonguaranteed ... 0 0 0 0 0 0 0 0 Use of IMF credit 0 0 112 102 98 100 282 377 539 452 Short-term debt .. 1,780 1,932 2,585 2,469 2,663 3,272 3,754 2,338 of which interest arrears on LDOD .. 1,530 1,756 1,965 1,865 2,209 2,501 2,741 1,387 Official creditors 859 1,090 1,408 1,372 1,716 1,999 2,238 1,387 Private creditors 671 666 557 493 494 502 503 0 Memo: principal arrears on LDOD ... 2,011 3,849 5.316 5,324 7,205 8,915 10,573 7,360 Official creditors 1,091 2,911 4,741 4,981 6,857 8,460 10,103 7,359 Private creditors 921 938 575 344 347 456 470 1 Memo: export credits 431 430 506 475 515 553 866 984 TOTAL DEBT FLOWS Disbursements -. 13 109 562 134 455 729 742 1,198 Long-term debt 13 109 562 33 282 637 566 1,198 IMF purchases 0 0 0 0 0 101 173 92 175 0 Principal repayments 104 113 175 309 210 225 200 583 Long-term debt ..99 104 175 209 210 225 200 528 IMF repurchases 0 0 5 10 0 100 0 0 0 54 Net flows on debt -.-95 -78 831 -191 95 821 783 553 of which short-term debt .. -4 -74 444 -16 -150 317 242 -62 Interest payments (INT) --. 70 48 57 108 96 139 194 325 Long-term debt 46 33 36 51 57 82 98 268 IMF charges 0 0 0 1 1 31 7 12 10 9 Short-term debt ... 23 15 19 26 32 46 86 47 Net transfers on debt .- -165 -126 774 -299 -1 682 590 229 Total debt service paid (TDS) ..174 161 232 417 306 364 394 907 Long-term debt ... 146 136 211 260 268 306 299 797 IMF repurchases and charges 0 0 5 10 1 131 7 12 10 63 Short-term debt (interest only) ... 23 15 19 26 32 46 86 47 2..AGGREG ATE N ET RESOURLE FLO%% S ANDL NET TRAvNSFERS L_ONG-TERNII NET RESOURCE FLOWS -. 25 371 885 578 1,546 2,313 2,486 2,621 Net flow of long-term debt (ex. IMF) ... -86 6 387 -177 71 412 366 669 Foreign direct investmnent (net) ... 16 229 385 523 742 1,400 1,500 1,800 Portfolio equity flows ... 0 10 0 87 283 155 390 -94 Grants (excluding, technical coop.) ... 96 126 113 145 449 346 231 245 Memo: technical coop. grants ... 99 109 157 157 195 231 238 222 official net resource flows ... 9 82 361 5 549 403 379 627 private net resource flows ... 16 289 525 573 996 1,910 2,107 1,~994 NET TRANSFERS .. -21 338 849 527 1,488 2,231 2,268 2,203 Interest oni long-termn debt ... 46 33 36 51 57 82 98 268 Profit remittances on FDI ... 0 0 0 0 0 0 120 150 Memo: official net transfers ... -17 65 340 -21 524 353 331 540 private net transfers ... -4 273 509 548 965 1,878 1,937 1,663 3. M.%JOR ECONOMIIC A~GGREG.k`IES Gross national product (GNP) .. . . 9,613 9,867 12,834 15,509 19,864 22,899 24,193 E-xports of goods & services (XGS) ... 1,953 2,534 3,241 3,788 5,364 7,441 10,214 11,623 of which workers remittances ... 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) ... 2,353 2,759 3.376 4,786 6,874 9,992 13,852 14,206 International reserves (RES) . .. .. .. Current account balanice . .. .. .. 4. DEBT INDICATORS EDT / XGS (). .. 1,191.5 923.2 750.8 638.0 462.4 341.7 257.1 186.1 EDT' GNP (% . . . 243.4 246.6 188.3 159.9 128.0 114.7 89.4 TDS /XGS (). .. 8.9 6.4 7.1 11.0 5.7 4.9 3.9 7.8 INT /XGS (). .. 3.6 1.9 1.7 2.8 1.8 1.9 1.9 2.8 INT/ GNP (% . . . 0.5 0.6 0.8 0.6 0.7 0.8 1.3 RESIEDT(% . . .. .. .. RES /MGS (months).. .......... Short-term!/ EDT (%) . .. 7.7 8.3 10.6 10.2 10.7 12.9 14.3 10.8 Concessional / EDT (). .. 84.9 84.3 82.0 83.2 81.7 78.4 76.0 14.8 Multilateral i EDT (%) ... 0.6 0.6 0.6 0.4 0.9 1.3 2.0 3.8 585 VIETNAM (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 -5. LONG-1 ERN1 D)EBT DEBT OUTSTANDING (LDOD) ... 21,378 21,361 21,649 21,599 21,855 21,777 21,964 18,839 Public and publicly guaranteed ... 21,378 21,361 21,649 21,599 21,855 21,777 21,964 18,839 Official creditors 20,171 '0,09' 20,417 20,649 20,868 20,449 20,480 14,102 Multilateral 130 143 143 104 228 325 526 828 Concessional 103 117 114 104 228 325 526 819 Bilateral 20,042 19,949 20,275 20,544 20,640 20,124 19,954 13,274 Concessional 19,646 19,594 19,832 19,994 20,034 19,613 19,442 2,390 Private creditors 1,207 1,269 1,232 951 986 1,328 1,483 4,737 Bonds 0 0 0 0 0 0 0 560 Commercial banks 684 679 520 541 662 1,044 1,213 3,428 Other private 523 590 711 409 325 285 271 750 Private nonguaranteed . .0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 2 59 58 57 57 181 231 412 569 DISBURSEMENTS ... 13 109 562 33 282 637 566 1,198 Public and publicly guaranteed ... 13 109 562 33 282 637 566 1,198 Official creditors 13 49 389 23 187 232 325 562 Multilateral 4 16 3 0 129 100 218 346 Concessional 0 16 0 0 129 100 218 338 Bilateral 9 33 386 23 58 132 107 216 Concessional 8 29 380 23 16 131 104 206 Private creditors 0 60 173 10 95 405 241 636 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 94 389 207 146 Other private 0 60 173 10 1 17 35 490 Private nonguaranteed . .0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks -0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 0 0 0 0 126 47 189 181 PRINCIPAL REPAYMENTS ... 99 104 175 209 210 225 200 528 Public and publicly guaranteed ... 99 104 175 209 210 225 200 528 Official creditors 99 94 141 163 87 175 176 179 Multilateral 3 5 3 40 6 7 6 6 Concessional 3 4 3 11 6 7 6 6 Bilateral 96 89 139 122 81 168 170 173 C~oncessional 44 84 126 65 62 72 78 50 Private creditors 0 10 33 47 124 50 25 349 Bonds 0 0 0 0 0 0 0 0 Conieiiirciat baniks 0 0 0 0 0 0 6 330 Other private 0 10 33 47 124 50 19 1 9 Private nonguaranteed . .0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 1 1 1 1 1 1 1 NET FLOWS ON DEBT . . -86 6 387 -177 71 412 366 669 Public and publicly guaranteed ... -86 6 387 -177 71 412 366 669 Official creditors -86 -44 248 -140 100 57 149 382 Multilateral 1 It 0 -40 123 94 212 340 Concessional -3 12 -3 -11 123 94 212 331 Bilateral -87 -56 247 -100 -23 -37 -63 43 Concessional -36 -55 255 -43 -46 59 26 156 Private creditors 0 50 140 -37 -29 355 217 287 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 94 389 201 -184 Other private 0 50 140 -37 -122 -33 16 472 Private nonguaranteed . .0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 -l -1 -1 -1 125 46 188 180 586 VIETNAM (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 46 33 36 51 57 82 98 268 Public and publicly guaranteed 46 33 36 51 57 82 98 268 Official creditors 26 17 21 26 26 50 48 87 Multilateral ..2 2 2 8 2 3 3 5 Concessional 0 1 1 6 2 3 3 5 Bilateral 24 14 19 19 24 47 45 82 Concessional 3 4 4 8 13 21 20 53 Private creditors 20 16 15 25 32 32 50 181 Bonds ..0 0 0 0 0 0 0 0 Commercial banks 5 0 0 9 11 24 43 164 Other private 16 16 15 16 20 8 7 17 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks ...0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 0 0 0 0 1 2 2 3 NET TRANSFERS ON DEBT -133 -27 351 -228 14 331 268 401 Public and publicly guaranteed -133 -27 351 -228 14 331 268 401 Official creditors -113 -61 227 -166 74 7 101 295 Multilateral -1 9 -2 -48 121 91 209 334 Concessional -3 11 -4 -17 121 91 209 326 Bilateral .. -112 -70 229 -118 -47 -84 -108 -40 Concessional -39 -59 251 -50 -59 38 6 103 Private creditors .. -20 34 124 -62 -60 323 167 106 Bonds 0 0 0 0 0 0 0 0 Commercial banks ..-5 0 0 -9 82 365 158 -348 Other private ..-16 34 124 -53 -143 -41 9 455 Private nonguaranteed 0 0 0 0 0 0 0 0 Bonids 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 -1 -1 -1 -1 125 45 186 177 DEBT SERVICE (LTDS) 146 136 211 260 268 306 299 797 Public and publicly guaranteed 146 136 211 260 268 306 299 797 Official creditors ..125 110 162 189 112 224 224 267 Multilateral 5 7 5 48 8 9 9 12 Concessional ..3 5 4 17 8 9 9 12 Bilateral .. 121 103 157 141 105 215 215 255 Concessional ..47 88 130 73 75 93 98 103 Private creditors 20 26 49 72 155 82 74 530 Bonds 0 0 0 0 0 0 0 0 Commercial banks 5 0 0 9 11 24 48 494 Other private 16 26 49 63 144 58 26 36 Private nonguiaranteed 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 1 1 1 1 1 2 3 4 UNDISBURSED DEBT 155 254 146 666 1,835 3,591 4,345 4,638 Official creditors 89 158 146 666 1,470 3,097 3,924 4,371 Private creditors ..66 96 0 0 365 494 421 266 Memorandum items Concessional LDOD ... 19,750 19,711 19,945 20,099 20,262 19,937 19,968 3,209 Variable rate LDOD ... 847 903 791 885 887 1,000 1,077 3,500 Public sector LDOD ... 21,487 21,468 21,736 21,775 22,054 22,039 22,344 16,333 Private sector LDOD ..0 0 0 0 0 0 0 0 6. CURRENCI' COIMPOSITION OF LONG-TERMI DEBT (PERCENT) Deutsche mark ... 1.7 1.7 0.3 0.5 0.6 1.0 1.0 0.9 Frenich franc ... 1.0 1.0 0.9 0.8 0.9 1.0 1.0 1.6 Japanese yen ... 2.0 2.4 5.5 5.9 5.8 5.6 4.7 5.4 Pound sterling ... 0.2 0.2 0.1 0.1 0.1 0.1 0.2 0.1 Swiss franc ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 U.S.dollars .. 5.5 5.6 5.3 5.6 6.4 8.4 10.3 30.1 Multiple currency ... 0.2 0.2 0.3 0.1 0.1 0.3 0.4 1.1 Special drawing rights ... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 All other currencies . 89.3 88.9 87.6 87.1 86.0 83.6 82.3 60.6 587 VIETNAM (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7.DEBT RESTRLICTLrRJNGS Total amnount rescheduled 410 0 283 652 0 90 168 742 Debt stock rescheduled 0 0 0 69 0 0 0 0 Principal rescheduled 0 0 Ill 316 0 61 108 407 Official 0 0 0 81 0 48 108 12 Private 0 0 ill 235 0 13 0 395 Interest rescheduled ..0 0 105 138 0 1 0 303 Official ..0 0 0 49 0 1 0 0 Private 0 0 105 89 0 0 0 303 Debt forgiven 0 0 0 30 0 32 0 0 Memo: interest forgiven ..0 0 0 20 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 249 of which debt buyback ..0 0 0 0 0 0 0 31 8. DEBT STOCK-FLOW RECONCILIATION Total change in debt stocks 2,565 125 937 -164 633 627 830 -4,627 Net flows on debt ..-95 -78 831 -191 95 821 783 553 Net change in interest arrears ... 372 226 209 -100 344 292 240 -1,354 Interest capitalized ...0 0 105 138 0 1 0 303 Debt forgiveness or reduction ...0 0 0 -30 0 -32 0 -218 Cross-currency valuation ... 1,974 -5 -39 101 204 7 -158 -204 Residual ... 314 -18 -169 -82 -10 -463 -35 -3,708 9. AVERAGE TERMtS OF NEW COMMINTMENTS ALL CREDITORS Interest (%M.. 5.7 3.0 1.7 2.0 2.7 3.2 2.5 3.2 Maturity (years) ... 9.6 12.4 24.4 30.4 26.3 26.3 29.6 27.4 Grace period (years) ... 4.2 5.6 8.2 8.2 7.8 7.9 8.6 7.7 Grant element (% ... 19.9 39.6 61.7 61.7 56.9 52.1 59.3 50.6 Official creditors Interest (%7) ... 5.7 1.8 1.1 2.0 0.9 2.3 1.9 2.1 Maturity (years) ... 9.6 17.7 28.8 31.0 33.9 31.5 33.4 33.0 Grace period (years) ... 4.2 8.1 9.8 8.3 9.9 9.5 9.8 9.7 Grant element (%M.. 19.9 55.7 72.6 62.7 76.1 63.4 67.0 63.1 Private creditors Interest (%M.. 0.0 5.0 4.6 3.9 6.3 6.5 5.8 6.9 Maturity (years) ... 0.0 3.5 3.0 1.3 10.9 7.1 9.1 9.8 Grace period (years) ... 0.0 1.3 0.5 1.3 3.5 2.0 2.0 1.1 Grant element (%) . . 0.0 12.2 8.0 6.9 17.7 11.1 17.7 11.1 Memorandum items Commitments I. . 1 240 473 569 1,400 2,466 1,799 1,977 Official creditors ... 11 151 393 559 941 1,933 1,519 1,504 Private creditors ...0 89 80 10 460 533 280 474 10. CONTRACTUiAL OBLIGATIONS ON OUTSTANDING LONG-T LRNI DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursemernts 1,237 1,318 906 604 332 146 78 10 6 1 Principal 1,155 1,578 1,354 1,282 1,291 880 762 817 345 366 Interest 511 490 423 361 297 231 190 165 139 146 Official creditors Disbursements 1,090 1,235 880 595 330 146 78 10 6 1 Principal 641 646 621 596 606 617 644 693 231 272 Interest 225 217 205 190 172 151 129 112 93 107 Bilateral creditors Disbursements 677 789 524 335 189 92 48 3 2 1 Principal 636 641 615 590 600 611 626 665 190 215 Interest 213 201 186 169 149 128 106 83 64 74 Multilateral creditors Disbursements 413 446 356 260 141 54 31 7 4 0 Principal 5 5 6 6 6 6 18 29 40 56 Interest 12 16 19 21 22 23 23 29 29 33 Private creditors Disbursements 147 83 26 9 2 0 0 0 0 0 Principal 514 932 733 687 685 263 118 123 114 95 Interest 287 274 218 171 125 80 61 54 46 39 Commercial banks Disbursements 54 19 1 1 0 0 0 0 0 0 Principal 427 829 620 596 595 184 33 32 26 19 Interest 232 203 149 108 68 28 15 13 11 10 Other private Disbursements 93 64 25 8 2 0 0 0 0 0 Principal 86 102 114 91 91 79 85 92 88 75 Interest 55 71 70 63 57 51 46 41 35 30 588 YEMEN, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUAlN1ARI DEBUr DAT.A TOTAL DEBT STOCKS (EDT) .. 1,684 6,345 6,473 6,571 5,923 6,125 6,217 6,362 3,856 Long-term debt (LDOD) .. 1,453 5,154 5,256 5,253 5,341 5,460 5,528 5,622 3,418 Public and publicly guaranteed .. 1,453 5,154 5.256 5,253 5.341 5.460 5,528 5,622 3,418 Private nonguaranteed ..0 0 0 0 0 0 0 0 0 Use of IMF credit 0 48 0 0 0 0 0 0 121 250 Short-term debt -- 183 1,191 1,218 1,318 582 666 689 619 188 of which interest arrears on LDOD ..1 191 218 318 387 433 473 492 68 Official creditors ..0 130 156 218 264 291 316 322 48 Private creditors ..0 61 62 100 123 142 157 170 20 Memo: principal arrears on LDOD ..7 839 1,076 1.565 1,922 2.177 2.408 2.585 617 Official creditors ..3 377 485 822 1,054 1,198 1,330 1,418 453 Private creditors ..4 463 591 744 869 980 1,078 1,167 163 Memo: export credits ... 338 301 246 157 104 120 82 125 TOTAL DEBT FLOWS Disbursements -- 576 305 211 148 136 119 118 286 287 Long-termndebt .. 566 305 211 148 136 119 118 164 147 IMP purchases 0 10 0 0 0 0 0 0 122 140 Principal repayments .. 36 81 118 83 78 58 65 58 60 Long-term debt .. 25 80 117 83 78 58 6i5 58 60 IMF repurchases 0 11 1 0 0 0 0 0 0 0 Net flows on debt .. 540 386 94 66 -747 99 36 140 219 of which short-term debt ... 161 0 0 -805 38 -17 -89 -7 Interest payments (INT) .. 37 88 84 51 42 48 37 29 38 Long-term debt .. 10 28 34 21 21 23 25 21 26 IMF charges 0 2 0 0 0 0 0 0 3 7 Short-term debt .. 25 60 50 30 21 25 11 5 5 Net transfers on debt .. 503 297 10 15 -788 51 -1 Ill 181 Total debt service paid (TDS) .. 73 169 201 133 120 106 102 87 98 Long-term debt .. 35 108 151 103 99 81 91 79 86 IMF repurchases and charges 0 13 1 0 0 0 0 0 3 7 Short-term debt (interest only) .. 25 60 50 30 21 25 1 1 5 5 2. AGG REIG.ATE NE 1 RE%OIURCE FLOQ11S -4N1l Md- T'R NSFERS iLONG-i LRSI NET RESOURCE FLOWS -. 944 333 756 877 1,065 153 -73 162 83 Net flow of long-term debt (ex. IMP) .. 542 226 94 66 58 61 53 106 87 Foreign direct investment (net) .. 34 -131 583 714 897 1 1 "218 -60 -138 Portfolio equity flows ..0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) .. 368 238 79 98 109 82 92 116 134 Memo: technical coop. grants .. 62 108 95 96 84 59 67 63 71 official net resource flows .. 847 303 126 157 158 148 147 222 221 private net resource flows .. 97 30 630 720 907 5 -220 -60 -138 NET TRANSFERS -- 934 304 723 857 1,044 130 -98 141 57 Initerest oni long-terin debt .. 10 28 34 21 21 23 25 21 26 Profit remittances on FDI .(10 0 0 0 0 0 0 0 Memo: official net transfers .. 838 280 97 137 137 128 122 201 195 private net transfers .. 96 25 626 720 907 2 -220 -60 -138 3. MtAjOR1 ECONOMIIC. XGGREGATFS Gross national product (GNP) ... 4,688 4,824 5,339 4,457 3,292 3,491 4.624 5,029 Exports of goods & services (XGS) ... 3,079 2,464 2,353 2,431 3,056 3,264 3,645 3,722 of which workers remittances ... 1,498 998 1,018 1,039 1.059 1,067 1,123 1.157 Imports of goods & services (MGS) ... 2,662 3,281 3.458 3,681 2.760 3.108 3.605 3,684 International reserves (RES) ... 441 697 337 165 274 638 1.036 1.218 Current account balance ... 739 -663 -1.091 -1,248 366 183 106 159 EDT/IXGS I%) ... 206.0 262.7 279.3 243.6 200.4 190.5 174.6 103.6 EDT! GNP ()... 135.3 134.2 123.1 132.9 186.0 178.1 137.6 76.7 TDS /XGS ()... 5.5 8.2 5.7 4.9 3.5 3.1 2.4 2.6 INT /XGS ()... 2.9 3.4 241 1.7 1.6 1.1 0.8 1.0 INT /GNP ()... 1.9 1.7 0.9 0.9 1.5 1.0 0.6 0.8 RES/EDT(% ... 7.0 10.8 5.1 2.8 4.5 10.3 16.3 31.6 RES/MGS (months) ... 2.0 2.5 1.2 0.5 1.2 2.5 3.4 4.0 Short-term /EDT (%) .. 10.8 18.8 18.8 20.1 9.8 10.9 11.1 9.7 4.9 Concessional / EDT ().. 72.0 50.7 50.8 50.2 57.0 56.7 56.7 55.4 62.5 Multilateral / EDT (%) .. 14.9 16.2 16.2 16.1 18.7 19.7 20.6 21.3 36.0 589 YEMEN, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 S. LONG-rERN1 DEB1T DEBT OUTSTANDING (LDOD) 1,453 5,154 5,256 5,253 5,341 5,460 5,528 5,622 3,418 Public and publicly guaranteed 1,453 5,154 5,256 5,253 5,341 5,460 5,528 5,622 3,418 Official creditors 1,238 3,496 3,547 3,545 3,626 3,739 3,810 3,903 2,581 Multilateral 252 1,025 1,046 1,056 1,108 1,206 1,278 1,358 1,390 Concessional 252 989 1,031 1,051 1,103 1,183 1,239 1,303 1,331 Bilateral .. 986 2,470 2,501 2,490 2,518 2,534 2,532 2,545 1,191 Concessional .. 962 2,225 2,255 2,244 2,272 2,288 2,287 2,219 1,080 Private creditors .. 216 1,658 1,708 1,708 1,716 1,720 1,718 1,719 837 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks ..0 80 80 80 80 80 80 80 735 Other private 216 1,578 1,628 1,628 1,636 1,640 1,638 1,639 102 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 137 602 651 684 726 780 828 893 934 DISBURSEMENTS 566 305 211 148 136 119 118 164 147 Public and publicly guaranteed 566 305 211 148 136 119 118 164 147 Official creditors .. 501 139 133 138 127 118 118 164 147 Multilateral .. 65 56 80 91 92 113 109 161 145 Concessional .. 65 55 79 90 91 95 88 134 134 Bilateral .. 437 84 53 47 35 6 9 3 2 Concessional .. 426 84 53 47 35 6 9 3 2 Private creditors .. 65 166 78 10 10 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Other private 65 166 78 10 10 0 0 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercialtbanks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 28 27 49 53 46 37 42 95 89 PRINCIPAL REPAYMENTS 25 80 117 83 78 58 65 58 60 Public and publicly guaranteed 25 80 117 83 78 58 65 58 60 Official creditors 23 74 86 79 78 52 64 58 60 Multilateral 3 41 69 49 44 45 53 54 60 Concessional ..3 26 47 37 44 44 48 45 55 Bilateral 20 34 17 30 34 8 10 4 0 Concessional 16 34 17 30 34 8 10 4 0 Private creditors ..2 5 31 4 0 5 2 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks ..0 0 0 0 0 0 0 0 0 Other private 2 5 31 4 0 5 2 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds ..0 0 0 0 0 0 0 0 0 CommeTcial banks 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 0 2 3 4 6 7 8 9 10 NET FLOWS ON DEBT 542 226 94 66 58 61 53 106 87 Public and publicly guaranteed 542 226 94 66 58 61 53 106 87 Official creditors .. 479 65 47 59 48 66 55 106 87 Multilateral 62 15 1 1 43 48 68 56 107 86 Concessional 62 29 32 53 47 51 40 89 78 Bilateral 416 50 36 17 1 -2 -1 -1 2 Coilcessionial 410 50 36 17 1 -2 -1 -1 2 Private creditors 63 161 47 6 10 -5 -2 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Other private 63 161 47 6 10 -5 -2 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks- 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 28 25 45 49 41 30 34 86 79 590 YEMEN, REPUBLIC OF (USS million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 10 28 34 21 21 23 25 21 26 Public and publicly guaranteed 10 28 34 21 21 23 25 21 26 Official creditors 9 23 29 20 20 20 25 21 26 Multilateral 5 14 21 15 15 17 18 18 21 Concessional 5 12 20 15 15 16 17 16 17 Bilateral 4 9 8 5 5 3 7 3 6 Concessional 4 9 8 5 5 3 7 3 0 Private creditors 1 5 4 0 0 3 1 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Other private 1 5 4 0 0 3 1 0 0 Private nonguaranteed ..0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 4 5 5 5 6 6 6 7 NET TRANSFERS ON DEBT 531 198 61 45 38 38 28 85 61 Public and publicly guaranteed 531 198 61 45 38 38 28 85 61 Official creditors .. 469 42 18 39 28 46 30 85 61 Multilateral .. 57 1 -10 28 33 52 38 89 65 Concessional .. 57 17 12 39 32 35 23 73 61 Bilateral 412 41 28 11 -5 -5 -8 -4 -4 Concessional 405 41 28 11 -5 -5 -8 -4 2 Private creditors 62 156 43 6 10 -8 -2 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Other private 62 156 43 6 10 -8 -2 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 27 22 41 44 36 24 28 80 72 DEBT SERVICE (LTDS) .. 35 108 151 103 99 81 91 79 86 Public and publicly guaranteed 35 108 151 103 99 81 91 79 86 Official creditors .. 32 98 115 99 99 72 88 79 86 Multilateral 7 55 90 64 59 61 71 72 81 Concessional 7 38 66 52 59 60 65 62 73 Bilateral 24 43 25 35 39 11 17 7 6 Concessional 21 43 25 35 39 11 17 7 0 Private creditors 3 10 35 4 0 9 2 0 0 Bonds ..0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Other private 3 10 35 4 0 9 2 0 0 Private nonguaranteed 0 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 0 0 0 0 0 0 0 Memo: IBRD 0 0 0 0 0 0 0 0 0 0 IDA 0 1 6 8 9 11 13 14 15 16 UNDISBURSED DEBT .. 1,589 1,655 1,095 993 886 809 727 799 767 Official creditors 1,252 1,205 1,088 978 885 809 727 799 767 Private creditors 336 450 7 15 2 0 0 0 0 Memorandum items Concessional LDOD .. 1,214 3,214 3,287 3,295 3,375 3,471 3,526 3,522 2,411 Variable rate LDOD ..0 80 80 80 80 80 80 80 80 Public sector LDOD .. 1,453 5,154 5,256 5,253 5,341 5,460 5,528 5,622 3,418 Private sector LDOD 0 0 0 0 0 0 0 0 0 6. CUFRRENCY COMVPOSITON OF LONG-TERMI DEBT (PERCENTi Deutsche mark .. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 French franc .. 1.5 0.8 0.6 1.2 1.4 1.4 1.5 1.3 1.7 Japanese yen .. 0.6 4.4 5.2 5.2 6.0 6.5 6.1 5.1 7.3 Pound sterling .. 3.2 0.7 0.7 0.6 0.5 0.6 0.6 0.6 1.0 Swiss franc .. 2.8 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.4 U.S.dollars .. 22.4 20.2 20.6 20.7 20.5 20.8 21.2 23.1 56.5 Multiple currency .. 0.1 1.6 1.6 1.6 1.5 1.5 1.4 1.4 0.5 Special drawing rights .. 0.0 2.5 2.5 2.4 2.5 2.7 2.8 2.9 4.9 All other currencies .. 69.5 69.5 68.6 68.0 67.2 66.2 66.0 65.3 27.7 591 YEMEN, REPUBLIC OF (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RESTRUCTU RINGS Total amount rescheduled .,0 98 0 0 0 0 0 s0 685 Debt stock rescheduled ..0 0 0 0 0 0 0 0 0 Principal rescheduled ..0 98 0 0 0 0 0 24 559 Official ..0 98 0 0 0 0 0 24 268 Private ..0 0 0 0 0 0 0 0 292 Interest rescheduled ..0 0 0 0 0 0 0 17 95 Official ..0 0 0 0 0 0 0 17 61 Private ..0 0 0 0 0 0 0 0 34 Debt forgiven ..0 15 0 0 0 0 1 2,173 Memo: interest forgiven ..0 0 0 0 0 0 0 338 Debt stock reduction ..0 0 0 0 0 0 0 0 0 of which debt buyback ..0 0 0 0 0 0 0 0 0 8. DEBT STOCK-FLOW RECONCILLATION Total change in debt stocks 752 128 98 -648 202 92 145 -2,506 Net flows on debt ..386 94 66 -747 99 36 140 219 Net change in interest arrears ..81 27 100 69 46 40 19 -424 Interest capitalized ..0 0 0 0 0 0 17 95 Debt forgiveness or reduction ..0 -15 0 0 0 0 -1 -2,173 Cross-currency valuation 313 16 -50 34 58 5 -42 -69 Residual -29 7 -18 -4 0 10 13 -154 9. AVERAGE TERMIS OF NEW COMMITMENTS ALL CREDITORS Interest (% . 2.7 1.8 1.0 2.1 0.9 1.9 5.1 1.2 0.5 Maturity (years) .. 26.9 28.6 36.5 30.1 31.6 27.6 10.8 34.2 39.7 Grace period (years) .. 5.8 7.2 9.4 8.4 9.3 7.3 3.3 8.8 10.2 Grant element (% . 51.8 61.3 75.5 63.3 73.8 57.6 21.4 72.3 82.7 Official creditors Interest (% . 2.4 1.8 0.9 1.2 0.9 1.9 5.1 1.2 0.5 Maturity (years) .. 28.2 28.6 37.1 34.6 31.6 27.6 10.8 34.2 39.7 Grace period (years) .. 6.0 7.2 9.6 9.7 9.3 7.3 3.3 8.8 10.2 Grant element (%) .. 54.1 61.3 76.8 74.1 73.8 57.6 21.4 72.3 82.7 Private creditors Interest (% . 4.4 0.0 6.0 6.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) .. 18.9 0.0 7.3 11.5 0.0 0.0 0.0 0.0 0.0 Grace period (years) .. 4.9 0.0 1.3 3.0 0.0 0.0 0.0 0.0 0.0 Grant element (% . 37.6 0.0 12.4 18.6 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments .. 553 201 155 98 49 49 80 276 149 Official creditors .. 476 201 152 79 49 49 80 276 149 Private creditors .. 77 0 3 19 0 0 0 0 0 10. CONTRACTUAL OBIAGATIONS ON OUTSTANDING LONG-TERM! DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 215 212 145 95 55 24 12 3 2 0 Principal 147 134 136 134 130 120 115 112 112 105 Interest 51 69 70 72 70 68 66 64 62 60 Official creditors Disbursements 215 212 145 95 55 24 12 3 2 0 Principal 146 130 132 128 124 114 ill 107 106 98 Interest 34 33 34 35 33 31 30 28 26 24 Bilateral creditors Disbursements 68 61 38 21 11 7 3 1 1 0 Principal 66 51 53 68 65 58 55 53 51 44 Interest 12 12 13 16 15 14 14 13 12 11 Multilateral creditors Disbursements 147 151 108 73 43 18 10 2 2 0 Principal 79 79 78 60 59 56 56 54 55 54 Interest 22 22 20 19 18 17 16 15 14 13 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1 4 4 7 6 6 5 5 6 6 Interest 17 36 37 37 37 36 36 36 36 35 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 0 2 3 3 4 4 5 5 6 6 Interest 17 36 37 37 37 36 36 36 36 35 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1 1 1 4 2 2 0 0 0 0 Interest 0 0 0 0 0 0 0 0 0 0 592 YUGOSLAVIA, FEDERAL REPUBLIC OF (SERBIA AND MONTENEGRO) (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SUMIN%RY DFW1 DIi %l~ TOTAL DEBT STOCKS (EDT) 18,486 17,837 16,472 16,483 12,709 13,035 13,839 13,439 15,107 Long-term debt (LDOD) 2,053 15,586 16,846 15,872 15,195 10,990 11,270 11,484 11,239 10,924 Public and publiclv guaranteed 1,199 4,581 12,986 1 1,641 11,117 8,231 8,511 8,725 8,480 8,165 Private nonguaranteed 854 11,005 3,860 4,231 4,078 2,759 2,759 2,759 2,759 2,759 Use of IMF credit 0 760 467 307 196 78 83 85 81 76 Short-term debt 2,140 524 293 1,092 1,641 1,682 2,271 2,119 4,108 of which interest arrears on LDOD ..0 0 0 90 616 1,059 1,528 1,834 2,094 Official creditors 0 0 0 79 197 322 443 478 489 Private creditors ..0 0 0 11 419 737 1,085 1,356 1,605 Memo: principal arrears on LDOD ..0 298 637 989 1,965 4,030 5,329 6,129 6,667 Official creditors 0 298 629 983 1,279 1,824 2,595 2.925 3,037 Private creditors 0 0 8 7 687 2,206 2,735 3.204 3,630 Memo: export credits ._ 5,521 5,054 4.743 4,644 3,693 2,852 2,193 2,375 TOTAL DEBT FLOWS Disbursements 645 5,029 1,590 771 580 0 0 0 0 0 Long-term debt 645 4,589 1,501 771 580 0 0 0 0 0 IMF purchases 0 441 89 0 0 0 0 0 0 0 Principal repayments 420 2,450 3,079 2,545 1,066 12 0 0 1 0 Long-term debt 375 2,381 2,726 2,390 964 12 0 0 0 0 IMF repurchases 45 70 353 155 102 0 0 0 1 0 Net flows on debt 225 2,579 -1,760 -2,006 223 10 -402 120 -458 1,728 of which short-term debt ... -271 -231 710 23 -402 120 -457 1,728 Interest payments (INT) .. 1,286 1,704 1,288 833 44 47 47 17 53 Long-term debt 104 1,077 1,583 1.222 773 2 0 0 0 0 IMF charges 0 32 66 41 21 1 0 0 0 0 Short-term debt .. 177 55 25 39 41 47 47 17 53 Net transfers on debt .. 1,293 -3,464 -3,294 -609 -34 -449 73 -476 1,676 Total debt service paid (TDS) .. 3,736 4,783 3,833 1,899 56 47 47 19 53 Long-term debt 479 3,458 4,309 3,613 1,738 14 0 0 0 0 IMF repurchases and charges 45 101 419 196 123 1 0 0 1 0 Short-term debt (interest only) .. 177 55 25 39 41 47 47 17 53 -. ('(;RE(, A-1E \E'I RESOL RCE FLO1" . kND NET TR-%NSFERS i1ONG-IERM~i NET RESOURCE FLOWS 277 2,208 -1,151 -1,435 783 1,931 1,000 487 787 337 Net flow of long--term debt (ex. IMF) 270 2,208 -1,225 -1,620 -384 -12 0 0 0 0 Foreign direct investment (net) 0 0 67 119 64 25 0 0 0 0 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 7 0 7 66 1,103 1,918 1,000 487 787 337 Memo: technical coop. grants 3 7 35 45 359 611 81 57 45 34 official net resource flows 58 372 -314 -674 872 1,906 1,000 487 787 337 private net resource flows 219 1.836 -837 -761 -89 25 0 0 0 0 NET TRANSFERS 173 1,131 -2,734 -2,657 9 1,929 1,000 487 787 337 Interest on long-term debt 104 1.077 1,583 1,222 773 2 0 0 0 0 Profit remittances on FDI 0 0 0 0 0 0 0 0 0 0 Memo: official net transfers 21 157 -1,045 -1,143 632 1,904 1,000 487 787 337 private net transfers 152 973 -1,689 -1,515 -623 25 0 0 0 0 3. M1AJOR ECONOMIIC-(;R .1.s Gross national product (GNP) 13.688 72,282 87,356...... Exports of goods & services (XGS) . .. .. .. of which workers remittances Imports, of goods & services (MGS) . .. .. .. International reserves (RES) 143 2,478 6,208 3,360 . .. Current account balance .. -2,317 -2,364 -1,161 . .. 4. DEBTI INDICA[UORS EDT /XGS().......... EDT ' GNP (% . 25.6 20.4...... TDS/XGS().......... INTL GNP (% . 1.8 2.0 . .. .. RES EDT (% . 13.4 34.8 20.4... .. RES /MGS (months)......... Short-term 1'EDT (%) .. 11.6 2.9 1.8 6.6 12.9 12.9 16.4 15.8 27.2 Concessional ,'EDT (% . 7.2 5.4 4.2 4.0 2.5 2.6 2.6 2.6 2.0 Multilateral / EDT (%) .. 7.6 17.3 16.9 15.5 9.3 9.7 9.5 9.2 7.7 593 YUGOSLAVIA, FEDERAL REPUBLIC OF (SERBIA AND MONTENEGRO) (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 5. LONG-TERM DEBT' DEBT OUTSTANDING (LDOD) 2,053 15,586 16,846 15,872 15,195 10,990 11,270 11,484 11,239 10,924 Public and publicly guaranteed 1,199 4,581 12,986 11,641 11,117 8,231 8,511 8,725 8,480 8,165 Official creditors 858 3,600 7,539 6,785 6.286 4,103 4,377 4,588 4,346 4,038 Multilateral 251 1,408 3,093 2,784 2,553 1,176 1,259 1,311 1,234 1,161 Concessional 3 0 0 0 0 0 0 0 0 0 Bilateral 606 2. 192 4,446 4,001 3,733 2,927 3,118 3,277 3,112 2,877 Concessional 387 1,328 967 699 658 316 344 366 343 307 Private creditors 341 981 5,447 4,855 4,831 4,128 4,134 4,137 4,134 4,127 Bonds 21 10 0 0 0 0 0 0 0 0 Commercial banks 2 808 5,325 4,735 4,725 4,121 4,127 4,130 4,127 4,120 Other private 318 163 122 121 106 7 7 7 7 7 Private nonguaranteed 854 11,005 3,860 4,231 4,078 2,759 2,759 2,759 2,759 2,759 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 854 11,005 3,860 4,231 4,078 2,759 2,759 2,759 2,759 2,759 Memo: IBRD 244 1,359 2,433 2,149 1,978 1,126 1,204 1,252 1,178 1,112 IDA 0 0 0 0 0 0 0 0 0 0 DISBURSEMENTS 645 4,589 1,501 771 580 0 0 0 0 0 Public and publicly guaranteed 179 1,366 286 105 86 0 0 0 0 0 Official creditors 139 644 286 105 86 0 0 0 0 0 Multilateral 37 308 276 100 86 0 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 0 0 Bilateral 102 336 10 5 0 0 0 0 0 0 Concessional 64 77 8 2 0 0 0 0 0 0 Private creditors 40 721 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 686 0 0 0 0 0 0 0 0 Other private 40 36 0 0 0 0 0 0 0 0 Private nonguaranteed 465 3,223 1,215 666 494 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 465 3,223 1,215 666 494 0 0 0 0 0 Memo: IBRD 37 281 269 100 51 0 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 PRINCIPAL REPAYMENTS 375 2,381 2,726 2,390 964 12 0 0 0 0 Public and publicly guaranteed 170 368 1,516 1,351 317 12 0 0 0 0 Official creditors 88 272 607 845 317 12 0 0 0 0 Multilateral 11 67 421 428 187 12 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 0 0 Bilateral 78 206 186 416 131 0 0 0 0 0 Concessional 22 65 26 259 3 0 0 0 0 0 Private creditors 82 96 909 507 0 0 0 0 0 0 Bonds 2 2 0 0 0 0 0 0 0 0 Commercial baniks 1 39 891 507 0 0 0 0 0 0 Other private 80 55 18 0 0 0 0 0 0 0 Private nonguaranteed 204 2,012 1,210 1,039 647 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 204 2,012 1,210 1,039 647 0 0 0 0 0 Memo: IBRD 10 66 405 415 155 12 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 NET FLOWS ON DEBT 270 2,208 *1,225 -1,620 -384 -12 0 0 0 0 Public and publicly guaranteed 9 998 -1,230 -1,247 -231 -12 0 0 0 0 Official creditors 51 372 -321 -740 -231 -12 0 0 0 0 Multilateral 2~7 242 -145 -329 -101 -12 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 0 0 Bilateral 24 131 -176 -411 -131 0 0 0 0 0 Concessional 42 12 -18 -257 -3 0 0 0 0 0 Private creditors -42 625 -909 -507 0 0 0 0 0 0 Bonds -2 -2 0 0 0 0 0 0 0 0 Commercial banks -1 647 -891 -507 0 0 0 0 0 0 Other private -40 -19 -18 0 0 0 0 0 0 0 Pirivate nonguaranteed 261 1,211 5 -373 -153 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 261 1,211 5 -373 -153 0 0 0 0 0 Memo: IBRD 27 216 -136 -316 -103 -12 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 594 YUGOSLAVIA, FEDERAL REPUBLIC OF (SERBIA AND MONTENEGRO) (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 164 1,077 1,583 1,222 773 2 0 0 0 0 Public and publicly guaranteed 73 249 1,203 987 469 2 0 0 0 0 Official creditors 37 215 731 469 240 2 0 0 0 0 Multilateral 14 i11 252 242 133 2 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 0 0 Bilateral 23 103 479 226 106 0 0 0 0 0 Concessional 10 39 17 21 9 0 0 0 0 0 Private creditors 36 34 472 519 230 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 17 454 501 225 0 0 0 0 0 Other private 35 17 19 18 5 0 0 0 0 0 Private nonguaranteed 32 829 380 235 304 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 32 829 380 235 304 0 0 0 0 0 Memo: IBRD 13 110 191 185 69 2 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 NET TRANSFERS ON DEBT 166 1,131 -2,809 -2,842 -1,158 -14 0 0 0 0 Public and publicly guaranteed -64 749 -2,434 -2,234 -701 -14 0 0 0 0 Official creditors 14 158 -L052 -1,209 -471 -14 0 0 0 0 Multilateral 13 130 -397 -571 -234 -14 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 0 0 Bilateral 1 27 -656 -638 -237 0 0 0 0 0 Concessional 32 -27 -35 -278 -12 0 0 0 0 0 Private creditors -78 591 -1,381 -1,026 -230 0 0 0 0 0 Bonds -2 -2 0 0 0 0 0 0 0 0 Commercial banks -1 630 -1,345 -1,008 -225 0 0 0 0 0 Other private -75 -36 -36 -18 -5 0 0 0 0 0 Private nonguaranteed 230 382 -375 -608 -457 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 230 382 -375 -608 -457 0 0 0 0 U Memo: IBRD 14 106 -327 -500 -172 -14 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 DEBT SERVICE (LTDS) 479 3,458 4,309 3,613 1,738 14 0 0 0 0 Public and publicly guaranteed 243 617 2,719 2,339 787 14 0 0 0 0 Official creditors 125 487 1,338 1,313 557 14 0 0 0 0 Multilateral 24 178 673 670 320 14 0 0 0 0 Concessional 0 0 0 0 0 0 0 0 0 0 Bilateral 101 309 665 643 237 0 0 0 0 0 Concessional 33 103 43 280 12 0 0 0 0 0 Private creditors 118 130 1,381 1,026 230 0 0 0 0 0 Bonds 2 2 0 0 0 0 0 0 0 0 Commercial banks 1 56 1,345 1,008 225 0 0 0 0 0 Other private 115 72 36 18 5 0 0 0 0 0 Private nonguaranteed 236 2,841 1,590 1,274 951 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 236 2,841 1,590 1,274 951 0 0 0 0 0 Memo: IBRD 23 175 596 600 224 14 0 0 0 0 IDA 0 0 0 0 0 0 0 0 0 0 UNDISBURSED DEBT 550 1,218 973 1,443 714 200 208 222 212 187 Official creditors 462 1,205 973 1,443 714 200 208 222 212 187 Private creditors 87 13 0 0 0 0 0 0 0 0 Memorandum items Concessional LDOD 389 1,328 967 699 658 316 344 366 343 307 Variable rate LDOD 893 12,100 12,016 11,914 11,626 8,857 8,945 9,020 8,956 8.840 Public sector LDOD 980 3,826 1.2,485 11,180 10,700 8,142 8,418 8,629 8,386 8,076 Private sector LDOD 1,073 11,759 4,361 4,691 4,495 2,848 2,852 2,854 2,852 2,847 ht. CULRRENCY L ONIPOSITION% OF ILONG-TERM- DEBT PERt EN'Ti Deutsche mark 13.9 13.3 8.4 9.1 8.9 6.9 7.5 7.9 7.5 6.7 French franc 2.0 0.0 4.4 4.6 4.3 5.5 5.8 6.2 6.0 5.4 Japanese yen 0.3 0.7 1.0 1.1 1.1 1.7 1.8 1.7 1.6 1.5 Pound sterling 3.6 0.1 0.4 0.5 0.4 0.5 0.5 0.5 0.6 0.6 Swiss franc 1.1 0.1 1.7 1.8 1.7 2.3 2.5 2.8 2.5 2.4 U.S.dollars 36.5 52.3 17.3 14.8 15.3 16.4 15.8 15.4 15.9 16.5 Multiple currency 24.8 30.7 56.3 56.8 57.9 60.7 59.6 58.7 59.6 61.0 Special drawingg rights 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 All other currenci es 17.8 2.8 10.5 11.2 10.3 6.0 6.4 6.7 6.5 5.9 595 YUGOSLAVIA, FEDERAL REPUBLIC OF (SERBIA AND MONTENEGRO) (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DIEBT RESTRU'(TURING;s Total amount rescheduled 0 0 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven ...0 0 0 0 0 0 0 0 Memo: interest forgiven 0 0 0 0 0 0 0 0 Debt stock reduction 0 0 1,496 554 0 0 0 0 0 0 of which debt buyback 0 0 883 327 0 0 0 0 0 0 S. DEBl I STO K K-FLOWV REU ONC1LITIO%0 Total change in debt stocks ... -1,235 -1,365 1 1 -3,774 326 804 -400 1,668 Net flows on debt ... -1,760 -2,006 223 10 -402 120 -458 1,728 Net change in interest arrears ...0 0 90 526 443 469 306 260 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction . . -613 -227 0 0 0 0 0 0 Cross-currency valuation ... 829 -151 -526 -336 482 369 -353 -473 Residual ... 310 1,019 224 -3,974 -198 -153 105 153 9. .%% ER.M.E I-ER-NIS OF NL%% co'iNMl rNIENT'S ALL CREDITORS Interest (% 7.0 15.1 8.2 7.8 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 17.2 8.5 16.2 14.4 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 6.1 3.1 5.2 4.9 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 17.9 -19.3 9.9 11.8 0.0 0.0 0.0 0.0 0.0 0.0 Official creditors Interest (%) 7.0 12.0 8.2 7.8 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (ye~ars) 18.8 10.8 16.2 14.4 0.0 0.0 0.0 0.0 0.0 0.0 Grace period (years) 6.9 3.3 5.2 4.9 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 19.3 -7.4 9.9 11.8 0.0 0.0 0.0 0.0 0.0 0.0 Private creditors Interest (%) 7.0 17.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Maturity (years) 13.1 7.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grace p eriod (years) 4.1 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Grant element (%) 14.2 -26.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Memorandum items Commitments 199 1,187 830 595 0 0 0 0 0 0 Official creditors 143 461 830 595 0 0 0 0 0 0 Private creditors 56 726 0 0 0 0 0 0 0 0 10). CON I-RA( ILUAL OBLI(AGATONS ON 01, FI~ kNDING WOM( r[- URM% l)B r 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAIL Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 1,216 532 479 459 427 351 321 311 301 3 Interest 305 221 184 150 117 87 59 37 16 1 Official creditor-s Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 792 114 75 55 36 27 23 13 3 3 Interest 76 23 16 11 7 5 4 2 1 1 Bilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 248 7 7 7 7 4 0 0 0 0 Interest 13 1 1 0 0 0 0 0 0 0 Multilateral creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 544 107 68 48 29 23 23 13 3 3 Interest 64 22 15 10 7 5 4 2 1 1 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 423 418 404 404 391 324 297 297 297 0 Interest 229 198 168 139 110 82 56 35 15 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 297 297 297 297 297 297 297 297 297 0 Interest 177 157 137 116 96 76 56 35 15 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 126 120 107 107 94 27 0 0 0 0 Interest 51 41 32 22 14 6 0 0 0 0 596 ZAMBIA (US$ stitiliioni, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SLIM %RIAR DEBT D41%Y TOTAL DEBT STOCKS (EDT) .. 3,261 7,265 7,336 6,972 6,791 6,583 6,859 7,182 6,758 Long-term debt (LDOD) 654 2,227 4,882 5,051 4,770 4,694 4,881 5,095 5,401 5,246 Public and publicly guaranteed 624 2,141 4,880 5,047 4,756 4.680 4,868 5,082 5.385 5,233 Private nonguaranteed 30 87 2 4 14 13 14 14 16 13 Use of IMF credit 0 447 949 918 847 777 805 1,239 1,198 1,138 Short-term debt .. 586 1,435 1,367 1,355 1,321 897 525 583 374 of which interest arrears on LDOD ..6 760 637 643 609 556 288 257 253 Official creditors ..3 692 561 562 527 531 262 230 229 Private creditors ..3 68 76 81 81 25 26 27 24 Memo: principal arrears on LDOD .. 33 1.513 1,~464 1,452 1,440 1,430 731 683 695 Official creditors .. 21 1,408 1,348 1,346 1,320 1,363 656 596 615 Private creditors .. 13 104 116 106 121 67 76 87 80 Memo: export credits ... 1,123 1,095 923 1,020 1,024 630 988 1,149 TOTAL DEBT FLOWS Disbursements 363 693 165 384 293 290 249 2,582 222 285 Long-term debt 363 603 165 384 293 290 249 329 222 271 IMF purchases 0 90 0 0 0 0 0 2,253 0 14 Principal repayments 45 269 126 292 184 212 214 2,061 161 195 Long-term debt 41 212 101 258 148 142 193 235 161 195 IMF repurchases 4 57 25 34 37 70 21 1,825 0 0 Net flows on debt 318 424 -100 147 92 78 36 418 151 -115 of which short-term debt ... -139 55 -17 -1 0 -104 89 -205 Interest payments (INTl . 142 77 307 169 153 159 552 93 73 Long-term debt 31 116 72 238 98 92 117 132 74 57 IMF charges 0 26 2 66 69 60 41 419 1 1 6 Short-term debt -0 3 3 1 1 2 1 9 10 Net transfers on debt .. 282 -177 -160 -77 -75 -124 -134 58 -188 Total debt service paid (TDS) .. 411 203 599 353 364 373 2,613 254 268 Long-term debt 72 328 173 496 246 234 309 367 234 252 IME repurchases and charges 4 84 27 100 106 129 62 2,244 11 6 Short-term debt (interest only) ..0 3 3 1 1 2 1 9 10 2. A.Ci;RF(1 %TF NEFU RFSgIII RCF FIAW%%SANIn NEt1 TrR.-%KFFRS d.0',C,-TFRN-1 NET RESOURCE FLOWS 26 524 930 587 833 679 468 522 396 395 Net flow of tong-term debt (ex. IMF) 321 391 64 127 146 148 57 93 62 76 Foreign direct investment (net) -297 62 203 34 45 52 56 67 58 70 Portfolio equity flows 0 0 0 0 0 0 0 0 0 0 Grants (excluding technical coop.) 2 71 663 426 642 478 355 362 276 249 Memo: technical coop. grants 13 87 129 129 144 165 135 165 143 142 official net resource flow's 18 349 736 560 801 666 478 491 362 316 private net resource flows 8 175 194 27 32 12 -11 31 33 79 NET TRANSFERS -65 324 743 320 695 542 303 340 277 285 Interest on long-term debt 31 116 72 238 98 92 117 132 74 57 Profit remittances on FDI 60 84 115 28 40 45 48 50 45 53 Memo: official net transfers 12 295 693 341 722 589 373 375 294 264 private net transfers -76 29 50 -21 -28 -48 -70 -35 -17 21 3. N1AjOR [C OINOMJI .-%(,(RE(; VITES Gross national product (GNP) 1,742 3,594 3,008 2.993 2,867 3,019 3,111 3,256 3,092 3,661 Exports of goods & services (XGS) 999 1,625 1,343 1,172 1,205 1,056 1,190 1,405 1,136 1,348 of which workers remittances 0 0 0 0 0 0 0 0 0 0 Imports of goods & services (MGS) 745 1,987 1,688 1,645 1,925 1.509 1,569 1,850 1,545 1,750 International reserves (RES) 515 206 201 192... Current account balance .. -516 -594 -306 . .. 4. DERB- INDIC %-rORS EDT /XGS ()200.7 541.1 625.8 578.8 643.3 553.1 488.2 632.2 501.3 EDT! GNP 1)90.7 241.5 245.1 243.1 225.0 211.6 210.7 232.3 184.6 TDS /XGS (§125.3 15.1 51.1 29.3 34.5 31.3 186.0 22.3 19.9 JNT / XGS (9)8.7 5.7 26.2 14.0 14.5 13.4 39.3 8.2 5.4 INT /GNP (9)3.9 2.5 10.2 5.9 5.1 5.1 17.0 3.0 2.0 RES / EDT ().. 6.3 2.8 2.6 . .. RES /MGS (months) 8.3 1.2 1.4 1.4 . .. Short-term I/ EDT (91) ., 8.0 19.7 18.6 19.4 19.4 13.6 7.7 8.1 5.5 Concessional! EDT (1.. 24.4 31.2 36.6 37.5 41.2 47.9 50.2 53.2 56.2 Multilateral / EDT (%1) 12.2 19.5 20.6 22.8 26.0 30.2 31.6 30.9 32.9 -597 ZAMBIA (US$ million, unless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1Q97 5. LONG-r'ER.i%l I)EBT DEBT OUTSTANDING (LDOD) 654 2,227 4,882 5,051 4,770 4,694 4,881 5,095 5,401 5,246 Public and publicly guaranteed 624 2,141 4,880 5,047 4,756 4,680 4,868 5,082 5,385 5,233 Official creditors 120 1,501 4,406 4.633 4,393 4,360 4.674 4,921 5,253 5,091 Multilateral 61 397 1,418 1,514 1.589 1,765 1,990 2,167 ',219 2,227 Concessional 0 19 579 848 1,012 1,244 1,511 1,763 1,898 1,989 Bilateral 59 1,105 2,988 3,119 2,804 2,595 2,684 2,755 3,034 2,864 Concessional 51 778 1,688 1,841 1,600 1,552 1,645 1,683 1,926 1,808 Private creditors 503 639 474 414 363 320 194 160 131 143 Bonds 55 3 0 0 0 0 0 0 0 0 Commercial banks 0 77 70 73 73 73 7 13 9 9 Other private 449 560 404 341 290 247 187 148 122 134 Private nonguaranteed 30 87 2 4 14 13 14 14 16 13 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 30 87 2 4 14 13 14 14 16 13 Memo: IBRD 61 346 539 373 289 240 201 163 105 62 IDA 0 2 274 493 643 817 1.043 1,~270 1,~405 1,493 DISBURSEMENTS 363 603 165 384 293 290 249 329 222 271 Public and publicly guaranteed 351 597 163 382 283 289 247 328 218 271 Official creditors 22 314 117 338 261 279 240 309 218 227 Multiltaeral 6 60 106 284 248 276 225 253 216 222 Concessional 0 6 41 262 214 251 209 239 210 215 Bilateral 16 254 11 54 13 4 16 57 1 5 Concessional 16 237 9 21 9 4 2 57 1 5 Private creditors 330 282 46 45 23 10 7 18 0 44 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 9 0 3 0 0 7 8 0 0 Other private 330 273 46 42 23 10 0 10 0 44 Pirivate nonguaranteed 11 6 2 2 10 1 2 1 5 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 11 6 2 2 10 1 2 1 5 0 Memo: IBRD 6 28 0 0 0 0 0 0 0 0 IDA 0 2 3 210 174 174 186 209 181 169 PRINCIPAL REPAYMENTS 41 212 101 258 148 142 193 235 161 195 Public and publicly guaranteed 35 181 101 258 148 140 191 234 159 191 Official creditors 6 37 44 204 102 91 117 180 131 160 Multilateral 4 18 39 200 99 85 100 124 89 80 Concessional 0 0 2 4 4 6 9 18 14 15 Bilateral 2 18 6 4 3 6 17 56 43 80 Concessionat 1 3 0 0 0 4 11 34 22 65 Private creditors 29 144 57 54 46 49 73 54 28 32 Bonds 7 3 0 0 0 0 0 0 0 0 Commercial banks 0 4 0 0 0 0 8 2 4 0 Other private 22 137 57 54 46 49 66 52 24 31 Private nonguaranteed 6 31 0 0 0 2 2 1 2 4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 6 31 0 0 0 2 2 1 2 4 Memo: IBRD 4 18 5 168 71 51 55 50 47 35 IDA 0 0 0 1 1 1 1 2 3 4 NET FLOWS ON DEBT 321 391 64 127 146 148 57 93 62 76 Public and publicly guaranteed 316 416 62 125 136 149 56 93 59 80 Official creditors 16 278 73 134 159 188 123 129 87 67 Multilateral 1 42 67 84 149 190 124 128 128 142 Concessional 0 6 39 258 211 245 200 221 196 200 Bilateral 15 236 6 49 10 -2 -1 1 -41 -75 Concessional 15 234 9 21 9 -1 -10 22 -21 -60 Private creditors 300 138 -11 -9 -24 -39 -67 -36 -27 13 Bonds -7 -3 0 0 0 0 0 0 0 0 Commercial banks 0 5 0 3 0 0 -1 6 -3 0 Other private 307 136 -11 -12 -24 -39 -66 -42l -24 13 Private nonguaranteed 5 -25 2 2 10 -1 0 0 3 -4 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 5 -25 2 2 10 -1 0 0 3 -4 Memo: IBRD 1 10 -5 -168 -71 -51 -55 -50 -47 -35 IDA 0 2 3 209 173 173 185 207 178 166 598 ZAMBIA (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 31 116 72 238 98 92 117 132 74 57 Public and publicly guaranteed 29 106 72 238 98 92 117 132 74 57 Official creditors 6 5 3 43 219 79 77 106 116 69 52 Multilateral 4 33 33 216 68 58 61 67 48 41 Concessional 0 0 3 14 1 1 15 16 18 19 17 Bilateral 2 20 10 3 1 1 19 45 49 21 1 1 Concessional 2 13 9 0 8 8 24 1 8 1 1 6 Private creditors 23 53 29 20 20 15 11 16 5 6 Bonds 3 1 0 0 0 0 0 0 0 0 Commercial banks 0 12 0 0 0 0 0 1 1 1 Other private 20 40 29 20 20 15 1 1 15 4 5 Private nonguaranteed 2 10 0 0 0 0 0 0 0 0 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 2 10 0 0 0 0 0 0 0 0 Memo: IBRD 4 31 1 177 36 21 21 15 it 6 IDA 0 0 0 10 6 5 6 9 10 10 NET TRANSFERS ON DEBT 291 275 -8 -112 48 57 -60 -38 -12 19 Public and publicly guaranteed 287 310 -10 -114 37 58 -61 -38 -14 22 Official creditors 10 224 30 -85 80 I1I 17 13 18 15 Multilateral -2 9 34 -131 81 132 64 61 80 101 Concessional 0 6 36 244 200 230 184 203 177 183 Bilateral 12 216 -4 47 -1 -21 -46 -48 -62 -86 Concessional 13 221 1 21 1 -9 -34 4 -32 -66 Private creditors 278 85 -40 -29 -43 -54 -78 -52 -32 7 Bonds -10 -4 0 0 0 0 0 0 0 0 Comnmercial banks 0 -6 0 3 0 0 -1 6 -4 -1 Other private 288 96 -40 -32 -43 -54 -77 -57 -28 8 Private nonguaranteed 3 -35 2 2 10 -1 0 0 3 -4 Bonids 0 0 0 0 0 0 0 0 0 0 Comnmercial banks 3 -35 2 2 tO -1 0 0 3 -4 Memo: IBRD -2 -21 -5 -344 -107 -72 -76 -65 -58 -41 IDA 0 2 3 199 168 168 179 198 169 155 DEBT SERVICE (LTDS) 72 328 173 496 246 234 309 367 234 252 Public and publicly guaranteed 64 287 173 496 246 232 307 366 232 248 Official creditors 12 90 88 423 180 168 223 296 200 211 Multilateral 8 51 72 416 167 143 161 191 137 120 Concessional 0 0 5 18 t5 21 25 36 33 32 Bilateral 4 39 16 7 14 25 62 105 63 91 Concessional 3 16 9 0 8 12 36 53 33 71 Private creditors 52 197 85 73 66 64 85 70 33 37 Bonds 10 4 0 0 0 0 0 0 0 0 Comnmercial banks 0 16 0 0 0 0 8 3 5 1 Other private 42 177 85 73 66 64 77 67 28 36 Private nonguaranteed 8 41 0 0 0 2 2 1 2 4 Bonids 0 0 0 0 0 0 0 0 0 0 Commercial banks 8 41 0 00 2 2 1 2 4 Memo: IBRD 8 48 5 344 107 72 76 65 58 41 IDA 0 0 0 10 6 6 8 11 13 14 UNDISBURSED DEBT 309 884 689 573 620 528 572 600 506 456 Official creditors 291 686 610 545 603 528 563 600 506 456 Private creditors 18 198 79 28 17 0 9 0 0 0 Memorandum items Concessional LDOD 51 797 2,267 2,688 2,611 2,796 3,156 3,446 3,824 3,797 Variable rate LDOD 30 280 521 549 524 501 441 447 446 405 Public sector LDOD 624 2,124 4,879 5,047 4,756 4,680 4,868 5,081 5,384 5,230 Private sector LDOD 30 104 3 5 14 [3 14 14 16 15 ~.CtRRE.N(-C UNIPOS[TlON OF LON(;-TFRNI DEBT (PERCENTi Deutsche mark 0.4 9.4 13.8 13.8 12.0 10.2 11.1 11.5 14.1 13.1 French franc 0.9 3.2 2.8 3.2 3.2 3.0 3.2 3.3 2.6 2.6 Japanese yen 0.0 4.8 9.3 9.4 9.6 10.2 9.9 10.2 10.4 9.4 Pound sterling 17.7 11.1 9.8 10.2 8.7 7.5 7.5 7.0 7.0 6.9 Swiss franc 0.0 0.0 0.5 0.5 0.5 0.6 0.1 0.2 0.1 0.1 U.S.dollars 53.7 20.1 26.8 29.8 33.8 38.4 40.5 42.4 43.0 46.7 Multiple currency 9.8 16.6 16.4 13.1 12.6 12.0 11.3 10.2 8.2 7.0 Special drawing rights 0.0 0.0 1.0 0.9 1.0 0.0 0.0 0.0 0.2 0.3 All other currencies 17.4 34.9 19.6 19.2 18.7 18.0 16.3 15.2 14.4 13.9 599 ZAMBIA (US$ million, unless othierwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RESTRUL' -1 RINGS Total amount rescheduled 0 0 879 269 240 191 143 20 275 125 Debt stock rescheduled 0 0 38 36 0 0 0 0 0 0 Principal rescheduled 0 0 498 131 118 110 75 0 122 25 Official 0 0 342 100 101 105 74 0 122 25 Private 0 0 156 31 17 5 0 0 0 0 Interest rescheduled 0 0 333 64 121 81 68 0 152 101 Official 0 0 299 53 120 80 67 0 152 101 Private 0 0 34 11 1 1 1 0 0 0 Debt forgiven .. 114 76 294 282 84 8 26 1 Memo: interest forgiven ..22 13 14 31 67 1 11 2 Debt stock reduction 0 0 26 0 0 0 446 2 0 0 of which debt buvback 0 0 0 0 0 0 8 0 0 0 S. DEBT S,TOC'K-F LOW% RECONCI-LATION Total change in debt stocks ... 536 71 -364 -181 -208 276 322 -424 Net flows on debt -.. -100 147 92 78 36 418 151 -115 Net change in interest arrears ..23 -123 6 -34 -52 -268 -31 -4 Interest capitalized ... 333 64 121 81 68 0 152 101 Debt forgiveness or reduction ... -140 -76 -294 -282 -522 -10 -26 -1 Cross-currency valuation ... 353 -49 -202 -31 150 57 -136 -216 Residual ... 68 107 -88 7 112 79 212 -190 9..%NVERAG(E JERNIS OF NE~% COM1MITNIEN I S ALL CREDITORS Interest (%) 4.2 6.7 8.1 1.1 1.3 1.3 1.3 1.8 0.7 1.7 Maturity (years) 26.7 18.8 12.6 39.2 39.3 39.8 36.1 37.0 39.7 32.3 Grace period (years) 9.1 4.5 4.9 9.9 9.6 9.8 9.3 10.1 10.2 7.3 Grant element (%) 43.5 22.3 13.0 76.0 72.6 74.6 73.1 70.8 80.5 64.2 Official creditors Interest (%) 1.4 3.8 6.3 1.0 1.2 1.3 1.0 1.6 0.7 0.6 Maturity (years) .46.0 29.2 16.0 39.5 40.4 39.8 37.8 37.9 39.7 37.5 Grace period (years) 19.2 8.5 7.0 10.0 9.9 9.8 9.7 10.3 10.2 8.8 Grant element (%) 80.7 48.5 23.3 76.7 74.5 74.6 76.7 72.8 80.5 75.9 Private creditors Interest (%) 6.6 8.8 11.0 8.8 3.5 0.0 6.0 10.0 0.0 7.0 Maturity (years) 10.4 11.0 6.9 6.0 2.6 0.0 4.8 8.3 0.0 7.8 Grace period (years) 0.5 1.4 1.4 0.5 0.3 0.0 1.9 2.8 0.0 0.3 Grant element (%) 12.1 2.6 -4.1 2.6 8.1 0.0 10.4 -1.0 0.0 8.8 Memorandum items Commitments 557 645 192 324 387 243 282 359 125 255 Official creditors 255 277 120 321 376 243 267 349 125 211 Private creditors 302 368 72 3 11 0 15 10 0 44 1 0. C(ThTRA( TI' Li OBI.;A-%FlONS ON 0I1% TsTANDING_ LONG-IFRNI IDEBI1 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursemnmts 92 107 82 60 46 33 27 6 0 0 Principal 149 224 283 277 260 266 245 179 124 128 Interest 90 152 140 126 112 100 88 77 71 67 Official creditors Disbursements 92 107 82 60 46 33 27 6 0 0 Principal 117 212 276 270 254 260 240 177 124 128 Interest 86 150 138 124 III 99 87 77 71 67 Bilateral creditors Disbursementsq 1 1 1 1 0 0 0 0 0 0 Principal 32 146 212 201 203 206 182 119 64 63 Interest 48 114 105 94 84 73 63 54 s0 47 Multilateral creditors Disbursements 91 107 81 60 45 33 26 6 0 0 Principal 85 66 64 69 51 54 58 58 60 65 Interest 39 36 33 30 27 26 24 23 21 20 Private creditors Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 31 11 7 7 7 6 5 3 0 0 Interest 4 2 2 2 1 1 0 0 0 0 Commercial banks Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 6 3 0 0 0 0 0 0 0 0 Interest 1 0 0 0 0 0 0 0 0 0 Other private Disbursements 0 0 0 0 0 0 0 0 0 0 Principal 25 8 7 7 7 6 5 3 0 0 Interest 3 2 2 2 1 1 0 0 0 0 600 ZIMBABWE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. SLUNIRLA.RY DEBT D.ATA TOTAL DEBT STOCKS (EDT) .. 786 3,247 3,437 4,071 4,299 4,537 5,053 5,005 4,961 Long-term debt (LDOD) 229 696 2,649 2,877 3,148 3,417 3,664 3,906 3,766 3,599 Public and publicly guaranteed 229 696 2,464 2,613 2,853 3,111 3,421 3,525 3,338 3,124 Private nonguaranteed 0 0 185 264 296 306 243 381 428 475 Use of IMF credit 0 0 7 0 216 282 376 461 437 385 Short-term debt .. 90 591 561 706 601 497 685 801 977 of which interest arrears on LDOD ..0 0 0 0 1 1 3 0 0 Official creditors ..0 0 0 0 0 0 1 0 0 Private creditors ..0 0 0 0 0 1 2 0 0 Memo: principal arrears on LDOD ..0 0 0 3 9 19 22 2 0 Official creditors ..0 0 0 0 2 15 8 1 0 Private creditors 0 0 0 3 7 5 15 1 0 Memo: export credits ... 660 652 935 795 807 888 852 817 TOTAL DEBT FLOWS Disbursements 0 132 424 499 1,045 797 502 628 435 505 Long-term debt 0 132 424 499 824 731 427 548 435 505 IMF purchases 0 0 0 0 221 67 75 80 0 0 Principal repayments 5 40 270 266 387 406 372 404 424 449 Long-term debt 5 40 247 260 387 406 372 404 416 424 IMF repurchases 0 0 24 7 0 0 0 0 9 26 Net flows on debt -5 93 335 202 804 286 26 411 130 232 of which short-term debt ... 181 -30 146 -106 -104 187 119 176 Interest payments (INT) .. 26 201 195 208 212 231 245 240 228 Long-term debt 5 10 149 147 157 170 193 196 184 174 IMF charges 0 0 2 0 6 10 10 13 12 10 Short-term debt .. 15 49 48 45 33 28 35 44 44 Net transfers on debt .. 67 134 8 596 74 -205 166 -110 5 Total debt service paid (TDS) .. 65 471 461 595 618 603 649 664 677 Long-term debt 9 50 396 406 544 575 565 600 600 597 IMF repurchases and charges 0 0 26 7 6 10 10 13 20 36 Short-term debt (interest only) .. 15 49 48 45 33 28 35 44 44 2. AGGREGA-TE NET' RESOUIRCE [LOWS.AND NE T TRALNSFERS iLONG-TrERMII NET RESOURCE FLOWS -5 221 364 458 788 504 403 510 308 285 Net flow of long-terin debt (ex. IMF) -5 93 177 239 437 325 55 144 20 82 Foreign direct investment (net) 0 2 -12 3 15 28 35 40 63 70 Portfolio equity flows 0 0 0 0 0 0 50 18 17 10 Grants (excluding technical coop.) 0 127 199 216 336 151 264 307 209 123 Memo: technical coop. grants 1 70 104 114 191 158 117 133 ill 105 official net resource flows -5 199 278 357 749 606 459 356 267 253 private net resource flows 0 22 85 101 39 -101 -56 154 42 32 NET TRANSFERS -9 133 122 240 558 274 140 239 47 31 Interest on long-term debt 5 10 149 147 157 170 193 196 184 174 Profit remittances on FDI 0 78 92 71 74 61 70 75 77 80 Memo: official net transfers -9 197 212 291 673 508 346 235 149 139 private net transfers -1 -64 -90 -51 -116 -234 -206 5 -102 -107 3. NMAJOR ECONO%nIcAGGREG.ATES Gross national product (GNP) 1.854 6,611 8,495 8,356 6.475 6,316 6,596 6,811 8,250 8,488 Exports of goods & services (XGS) .. 1,724 2,035 1,993 1,859 2,016 2,372 2,758 3,142 3,116 of which workers remittances ..9 0 0 0 0 0 0 0 0 Imponts of goods & services (MGS) .. 1,895 2,287 2,551 2,745 2,338 2,836 3,248 3,118 4,069 International reserves (RES) 59 419 295 295 405 628 585 888 834 384 Current account balance .. -149 -140 -457 -604 -116 -425 4. DEBT iNIcIroTORs EDT/XGS (% . 45.6 159.6 172.4 219.0 213.2 191.3 183.2 159.3 159.2 EDT/ GNP (% . 11.9 38.2 41.1 62.9 68.1 68.8 74.2 60.7 58.5 TDS /XGS (% . 3.8 23.1 23.1 32.0 30.6 25.4 23.5 21.1 21.7 INT /XGS (% . 1.5 9.9 9.8 11.2 10.5 9.7 8.9 7.6 7.3 INTl GNP (% . 0.4 2.4 2.3 3.2 3.4 3.5 3.6 2.9 2.7 tRES /EDT (% . 53.4 9.1 8.6 9.9 14.6 12.9 17.6 16.7 7.7 RES /MGS (months) .. 2.7 1.5 1.4 1.8 3.2 2.5 3.3 3.2 1.1 Short-term / EDT (%) .. 11.5 18.2 16.3 17.3 14.0 11.0 13.6 16.0 19.7 Concessional / EDT (% . 1.9 27.9 27.8 27.0 28.4 32.1 30.1 28.8 28.2 Multilateral / EDT (%) .. 0.4 19.6 21.2 23.7 30.5 33.5 32.3 31.6 32.6 601 ZIMBABWE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 I. 1N(,-TERNM DEBIf DEBT OUTSTANDING (LDOD) 229 696 2,649 2,877 3,148 3,417 3,664 3,906 3,766 3,599 Public and publicly guaranteed 229 696 2,464 2,613 2,853 3,111 3,421 3,525 3,338 3,124 Official creditors 85 101 1,508 1,644 1,952 2,363 2,726 2,860 2,763 2,670 Multilateral 41 3 637 730 967 1,311 1,519 1,633 1,583 1,616 Concessional 0 0 129 130 199 260 383 414 415 478 Bilateral 44 98 871 914 986 1,052 1,207 1,227 1,180 1,054 Conicessional 44 15 778 825 901 961 1,072 1,107 1,026 920 Private creditors 145 595 956 969 901 748 695 665 575 455 Bonds 145 592 293 263 210 180 150 120 90 60 Commercial banks 0 3 192 150 197 116 114 153 163 136 Other private 0 0 472 556 493 451 431 393 323 259 Private nonguaranteed 0 0 185 264 296 306 243 381 428 475 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 185 264 296 306 243 381 428 475 Memo: IBRD 41 3 381 410 442 528 556 560 513 473 IDA 0 0 67 68 138 200 313 336 335 399 DISBURSEMENTS 0 132 424 499 824 731 427 548 435 505 Public and publicly guaranteed 0 132 297 386 738 641 394 319 293 360 Official creditors 0 77 158 215 495 559 311 218 229 328 Multilateral 0 0 72 124 321 415 187 151 157 272 Conceasional 0 0 7 5 81 68 111 28 24 94 Bilateral 0 77 86 9 1 174 144 124 67 72 56 CoDcessional 0 1 76 84 162 122 72 57 25 48 Private creditors 0 55 139 171 244 82 82 101 65 33 Bonds 0 52 0 0 0 0 0 0 0 0 Commercial banks 0 3 17 12 159 30 44 66 51 23 Other private 0 0 122 160 84 52 38 35 1 4 10 Private nonguaranteed 0 0 127 112 86 90 33 229 142 145 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 127 112 86 90 33 229 142 145 Memo: IBRD 0 0 40 52 76 114 33 32 38 49 IDA 0 0 0 0 75 63 102 15 12 83 PRINCIPAIL REPAYMENTS 5 40 247 260 387 406 372 404 416 424 Public and publicly guaranteed 5 40 229 227 333 326 276 313 321 326 Official creditors 5 5 78 74 82 104 116 170 171 198 Multilateral 4 3 46 44 49 63 72 88 Ill 124 Concessional 0 0 4 4 4 6 4 7 6 6 Bilateral 1 2 32 30 33 41 44 82 60 73 Concessional 1 2 17 21 27 28 31 54 44 52 Private creditors 0 34 151 152 251 222 160 143 150 128 Bonds 0 19 30 27 52 30 30 30 30 30 Commercial banks 0 0 45 49 104 110 51 31 40 41 Other private 0 16 76 77 95 82 79 82 81 57 Private nonguaranteed 0 0 18 33 54 80 96 91 95 98 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 18 33 54 80 96 91 95 98 Memo: IBRD 4 3 33 33 33 36 41 48 46 46 IDA 0 0 0 0 0 1 1 1 1 1 NET FLOWS ON DEBT -5 93 177 239 437 325 55 144 20 82 Public and publicly guaranteed -5 93 69 159 406 315 118 6 -27 35 Official creditors -5 72 80 141 413 455 195 48 58 130 Milltilateral -4 -3 26 80 272 352 115 63 46 147 Concessional 0 0 3 1 77 63 107 21 18 88 Bilateral -1 75 54 61 141 103 80 -14 12 -18 Concessional -1 -1 59 63 135 94 41 3 -19 -4 Private creditors 0 21 -12 19 -7 -140 -78 -42 -85 -95 Bonds 0 34 -30 -27 -52 -30 -30 -30 -30 -30 Commercial banks 0 3 -28 -37 55 -80 -7 35 11 -17 Other private 0 -16 47 83 -11 -30 -41 -47 -66 -48 Private nonguaranteed 0 0 109 79 32 10 -63 138 47 47 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 109 79 32 10 -63 138 47 47 Memo: IBRD -4 -3 7 19 43 78 -8 -16 -8 3 IDA. 0 0 0 0 75 62 101 15 11 83 602 ZIMBABWE (US$ millioni, uinless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 INTEREST PAYMENTS (LINT) 5 10 149 147 157 170 193 196 184 174 Public and publicly guaranteed 5 10 141 132 134 148 160 170 162 151 Official creditors 4 2 67 66 76 98 113 121 118 114 Muiltilateral 2 0 43 44 53 77 85 90 88 85 Concessional 0 0 1 1 2 3 3 4 4 4 Bilateral 2 1 24 22 23 22 28 32 30 29 Concessional 2 1 15 15 16 16 20 22 19 18 Private creditors 0 9 74 67 58 50 47 49 45 36 Bonds 0 7 13 11 10 8 7 6 5 3 Commercial banks 0 0 28 i8 15 12 6 11 12 10 Other private 0 1 33 38 33 30 34 32 28 23 Private nonguaranteed 0 0 9 15 24 22 33 26 22 23 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 9 15 24 22 33 26 22 23 Memo: IBRD 2 0 33 33 35 39 44 46 41 36 IDA 0 0 1 1 1 1 2 3 3 2 NET TRANSFERS ON DEBT -9 82 28 92 280 155 -138 -52 -164 -92 Public and publicly guaranteed -9 82 -72 27 272 167 -42 -164 -189 -116 Official creditor-s -9 71 13 75 337 357 82 -73 -60 16 Multilateral -6 -3 -17 36 219 275 30 -27 -42 62 Concessional 0 0 2 -1 75 60 103 17 14 84 Bilateral -3 74 30 39 118 81 52 -46 -18 -47 Concessional -3 -2 43 48 118 78 21 -19 -38 -22 Private creditors -1 12 -85 -48 -65 -190 -125 -91 -130 -131 Bonds -1 26 -43 -38 -61 -38 -37 -36 -35 -33 Commercial banks 0 3 -56 -55 40 -92 -13 24 -1 -27 Other private 0 -17 13 45 -44 -60 -75 -79 -95 -71 Private nonugaranteed 0 0 100 65 8 -12 -96 112 25 24 Bonds 0 0 0 0 0 0 0 0 0 0 Commercial banks 0 0 100 65 8 -12 -96 112 25 24 Memo: IBRD -6 -3 -26 -14 7 39 -52 -62 -49 -33 IDA 0 0 -1 -l1 74 6 1 99 12 9 80 DEBT SERVICE (LTDS) 9 50 396 406 544 575 565 600 600 597 Public and publicly guaranteed 9 50 370 359 466 474 436 483 483 476 Official creditors 9 7 145 140 158 202 229 291 288 312 Multilateral 6 3 89 88 101 140 157 178 199 210 Concessional 0 0 5 6 6 8 8 11 10 10 Bilateral 3 4 56 52 56 62 72 113 89 103 Concessional 3 3 33 36 43 44 51 76 63 70 Private creditors 1 43 225 219 308 272 207 192 195 164 Bonds 1 26 43 38 61 38 37 36 35 33 Commercial banks 0 0 73 67 119 122 57 42 51 51 Other private 0 17 109 114 128 112 113 114 109 80 Private nonguaranteed 0 0 27 47 78 102 129 117 117 121 Bonids 0 0 0 0 0 0 0 0 0 0 Comnmercial banks 0 0 27 47 78 102 129 117 117 121 Memo: IBRD 6 3 67 66 68 75 84 94 87 82 IDA 0 0 1 1 1 2 3 3 3 3 UINDISBURSED DEBT 0 86 1,042 1,594 1,557 1,435 1,451 1,322 1,218 1,033 Official creditors 0 60 940 1,274 1,465 1,320 1,316 1.241 1,164 913 Private creditors 0 26 102 320 92 114 136 80 54 120 Memorandum items Concessional LDOD 44 15 906 955 1.100 1.221 1,455 1,522 1.441 1,398 Variable rate LDOD 0 3 699 770 892 899 829 962 957 963 Pobtic sector LDOD 229 696 2,463 2,611 2,852 3,110 3,420 3,525 3,338 3,124 Private sector LDOD 0 0 186 265 297 307 244 381 428 475 t,. CURRENCY( CONPOSITION Of' LONU,-TFRMN DEBt IPERCENTt Deutsche mark 0.0 0.1 11.7 11.3 10.4 9.5 10.0 10.8 11.3 10.8 French franc 0.0 0.0 7.2 7.3 6.0 5.2 5.0 5.9 5.8 4.8 Japanese yen 0.0 0.0 2.1 2.6 2.7 3. 2 3.3 3.5 3.2 3.4 Pound sterling 76.2 40.3 14.0 14.7 9.6 7.9 7.5 6.6 6.7 5.9 Swiss franc 0.0 0.0 1.2 0.9 0.9 0.8 0.9 1.1 0.9 0.7 U.S.dollars 0.3 0.4 30.3 27.8 31.7 28.1 27.7 25.4 25.1 26.6 Multiple currency 20.2 59.2 18.4 20.1 23.6 27.4 26.2 25.9 26.4 26.6 Special drawinig rights 0.0 0.0 0.0 0.1 0.1 0.1 0.3 0.4 0.4 0.4 All other currencies 3.4 0.0 15.1 15.1 15.1 17.9 18.9 20.4 20.1 20.7 603 ZIMBABWE (US$ million, unless otherwise indicated) 1970 1980 1990 1991 1992 1993 1994 1995 1996 1997 7. DEBT RESTRu'crTuRJN(S Total amount rescheduled 0 4 0 0 0 0 0 0 0 0 Debt stock rescheduled 0 0 0 0 0 0 0 0 0 0 Principal rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Interest rescheduled 0 0 0 0 0 0 0 0 0 0 Official 0 0 0 0 0 0 0 0 0 0 Private 0 0 0 0 0 0 0 0 0 0 Debt forgiven 24 8 1 0 0 23 0 0 Memo: interest forgiven ..0 0 0 0 0 0 0 0 Debt stock reduction 0 0 0 0 0 0 0 0 0 0 of which debt buyback 0 0 0 0 0 0 0 0 0 0 8. I)EBT STOCK-FLOW~ RECONCILIATlION Total change in debt stocks 456 191 633 229 238 516 -48 -43 Net flows on debt ... 335 202 804 286 26 411 130 232 Net change in interest arrears ... -1 0 0 1 0 2 -3 0 Interest capitalized ...0 0 0 0 0 0 0 0 Debt forgiveness or reduction ... -24 -8 -1 0 0 -23 0 0 Cross-currency valuation ... 206 -26 -158 -69 188 121 -134 -238 Residual ... -61 22 -13 1 1 23 6 -41 -38 9. .%% ER.-%dIW. TER-NS OF NEW COINIMITNIENTS AILL CREDITORS Interest (%) 0.0 7.1 6.6 6.0 4.3 3.2 6.0 4.5 3.2 5.1 Maturity (years) 0.0 15.2 17.1 14.4 24.0 25.4 16.5 18.5 27.8 17.3 Grace period (years) 0.0 5.5 4.4 3.8 6.2 7.9 4.4 4.7 8.1 3.8 Grant element (%) 0.0 25.8 21.0 21.8 41.3 52.4 22.2 35.4 53.5 29.1 Official creditors Interest (%) 0.0 4.9 6.5 5.0 4.3 2.5 6.0 3.9 2.6 2.5 Maturity (years) 0.0 16.8 17.6 20.1 24.7 29.0 19.9 21.3 31.2 27.1 Grace period (years) 0.0 5.7 4.7 5.7 6.4 9.1 5.6 5.6 9.3 6.0 Grant element (%) 0.0 35.6 22.2 32.6 42.3 60.6 25.7 42.2 61.0 53.3 Private creditors Interest (%) 0.0 17.2 8.7 7.3 5.0 6.4 6.0 6.7 6.4 7.2 Maturity (years) 0.0 7.8 9.6 6.3 9.1 9.0 7.8 8.3 9.5 9.3 Grace period (years) 0.0 4.5 1.2 1.2 1.7 2.1 1.4 1.6 1.7 2.1 Grant element (%) 0.0 -18.7 3.5 6.4 17.3 15.1 13.5 10.8 13.3 9.5 Memorandum items Commitments 0 171 444 940 794 610 360 181 260 188 Official creditors 0 140 414 552 763 501 258 142 219 84 Private creditors 0 31 30 388 31 109 102 40 41 104 10. C0N)'IlR.-%C7T L. ()- BLIGATIONS O.N OL'T ST-XN DING. LONG.-IF.RX DEBT 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TOTAL Disbursements 367 278 177 ios 58 29 13 2 0 0 Principal 470 453 406 388 349 312 220 207 186 176 Interest 185 151 134 116 1100 86 72 62 52 44 Official creditors Disbursements 312 238 161 102 57 29 13 2 0 0 Principal 230 236 262 249 233 207 195 189 176 167 Interest 115 112 106 96 86 76 67 58 49 42 Bilateral Creditors Disbursements 118 91 57 31 16 7 4 1 0 0 Principal 73 78 82 82 80 73 72 73 68 67 Interest 30 31 30 28 26 24 23 21 19 17 Multilateral creditors Disbursements 194 147 104 71 40 23 9 1 0 0 Principal 157 158 180 166 153 134 122 115 108 100 Interest 85 82 76 68 60 51 44 37 30 25 Private creditors Disbursements 55 41 17 6 1 0 0 0 0 0 Principal 240 217 144 139 115 105 25 18 9 9 Interest 70 39 28 19 14 1 1 5 4 3 2 Commercial banks Disbursements 39 25 9 4 0 0 0 0 0 0 Principal 33 31 30 22 19 18 16 14 8 8 Interest tO 10 tO 8 7 5 4 3 2 2 Other private Disbursements 16 16 8 2 1 0 0 0 0 0 Principal 207 185 114 118 97 87 9 4 1 1 Interest 60 28 18 1 1 8 5 1 1 1 1 Country notes Albania and 1989. Debt owed to Brazil and Portugal was also rescheduled in 1987 and 1989 and again in Data source. Data on long-term public and 1994 with Portugal and Spain. In late 1996 publicly guaranteed debt as of 1997 are based on Angola reached a debt restructuring agreement reports provided by the country. Short-term debt with the Russian Federation, receiving an up-front data are from the BIS semiannual series on inter- discount of 70 percent on the stock and interest national bank lending and short-term export cred- arrears and a rescheduling of the remainder over its from the OECD. 20 years. Rescheduling. Albania concluded a rescheduling agreement with official creditors outside of formal Argentina Paris Club auspices in December 1993 and a debt buyback operation in 1996. Data source. Data on long-term public and publicly guaranteed debt for 1997 are based on Algeria reports provided by the country. Long-term pri- vate nonguaranteed debt data are World Bank Data source. Data on long-term public and staff estimates. publicly guaranteed debt as of 1997 are based on The increase in debt outstanding in 1989 is due reports provided by the country. Short-term debt mostly to the conversion of austral-denominated data are also as reported by the country. time deposits and government domestic debt into Rescheduling. Projected debt service is based on dollar-denominated bonds (BONEX 89). contractual obligations on debt outstanding at the Rescheduling. In March 1993 Argentina con- end of 1997. It includes the effect of the Paris Club cluded a debt and debt service reduction exchang- agreement signed in June 1994 and the commer- ing its commercial bank debt to either par or dis- cial bank agreement signed in July 1996. count bonds for a total face value of $17 billion. Interest arrears were also swapped into bonds at par Angola with a face value of $8.2 billion, after a down pay- ment of $910 million. These operations enablcd Data source. Data on long-term public and Argentina to reduce its stock of debt by $3.3 bil- publicly guaranteed debt for 1997 are based on lion in 1993, $399 million in 1994, and $863 mil- reports provided by the country. Short-term debt lion in 1995. Data for 1997 include debt buvbacks. data are from the BIS semiannual series on inter- Other. The residual in debt stock-flow reconcil- national bank lending and short-term export cred- iation is due to data revisions introduced in 1993. its from the OECD, supplemented by World Bank staff estimates. Armenia Rescheduling. In 1987 Angola concluded an informal agreement with Paris Club creditors that Data source. Data on long-term public and was signed in July 1989. In addition, two major publicly guaranteed debt for 1997 are preliminary, reschedulings with the former Soviet Union and based on partial reports provided by the country. other Eastern Bloc countries took place in 1987 Short-term debt data are from the BIS semiannu- 605 606 al series on international bank lending and short- reports provided by the country. Short-term debt term export credits from the OECD. data are from the BIS semiannual serics on inter- Rescheduling. In 1993, $30.8 million of techni- national bank lending and short-term export cred- cal credits were rescheduled with the Russian its from the OECD. Federation, and in 1996, $34.0 million were rescheduled with bilateral creditors. Benin Azerbaijan Data soutrce. Data on long-term public and publicly guaranteed debt for 1997 are based on Data source. Data on long-term public and reports provided by the country. Short-term debt publicly guaranteed debt for 1997 are preliminary, data are from the BIS semiannual series on inter- based on partial reports provided by the country. national bank lending and short-term export cred- Short-term debt data are from the BIS semiannu- its from the OECD. al series on international bank lending and short- Rescheduling. Projected debt service is based on term export credits from the OECD. contractual obligations on debt outstanding at the Rescheduling. In 1993, $36 million of technical end of 1997. It includes the effect of the Paris Club credits were rescheduledwith the Russian Federation. agreement signed in December 1991, the Paris Club agreement on enhanced Toronto terms Bangladesh signed in June 1993 and covering 1994-95, and the Paris Club agreement signed in October 1996. Data source. Data on long-term public and publicly guaranteed debt for 1997 are based on Bhutan reports provided by the country. Short-term debt data are from the BIS semiannual series on inter- Data source. Data on long-term public and pub- national bank lending and short-term export cred- licly guaranteed debt for 1997 are based on reports its from the OECD. provided by the country. They exclude rupee debt owed to India. Short-term debt data are from the Barbados BIS semiannual series on international bank lend- ing and short-term export credits from the OECD. Data source. Data on long-term public and pub- licly guaranteed debt for 1997 are World Bank staff Bolivia estimates. Short-term debt data are from the BIS semiannual series on international bank lending Data source. Data on long-term public and and short-term export credits from the OECD. publicly guaranteed debt for 1997 are based on reports provided by the country. Long-term pri- Belarus vate nonguaranteed debt data are World Bank staff estimates. Short-term debt data are from the BIS Data source. Data on long-term public and semiannual series on international bank lending publicly guaranteed debt for 1997 are based on and short-term export credits from the OECD. reports provided by the country. Short-term debt Rescheduling. Projected debt service is based on data are from the BIS semiannual series on inter- contractual obligations on debt outstanding at the national bank lending and short-term export cred- end of 1997. It includes the effect of the March its from the OECD. 1996 Paris Club agreement and that of the Rescheduling. In 1993, $385 million of technical December 1996 Paris Club agreement on stocks. credits were rescheduled with the Russian Federation. Debt reduction. The continuation of the debt buyback scheme arranged with commercial banks Belize retired $20 million in 1992 and $171 million under the IDA Debt Reduction Facility in 1993. For 1992 Data source. Data on long-term public and Belgium, Romania, and the United Kingdom for- publicly guaranteed debt for 1997 are based on gave $13 million. Principal repayments during 607 1988-92 include $57 million cash payments in debt for 1997 are based on partial reports provid- connection with buybacks: 1988, $33.5 million; ed by the country. Short-term debt data are from 1989, $15.9 million; 1990, $3.7 million; 1991, the BIS semiannual series on international bank $2.1 million; and 1992, $2.2 million. lending and short-term export credits from the OECD. Bosnia and Herzegovina Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the Data source. Data on long-term public and pub- end of 1997. It includes the effect of the Paris Club licly guaranteed debt for 1997 include only IBRD agreements signed in 1991, 1992, and 1994. and IME Other long-term obligations are included Commercial bank creditors agreed to restructure under the Federal Republic ofYugoslavia (Serbia and $8.3 billion of external public debt in July 1994. Montenegro). Short-term debt data are from the BIS semiannual series on international bank lending and Burkina Faso short-term export credits from the OECD. Data source. Data on long-ternm public and Botswuna publicly guaranteed debt for 1997 are based on reports provided by the country. Short-term debt Data source. Data on long-term public and data are from the BIS semiannual series on inter- publicly guaranteed debt for 1997 are based on national bank lending and short-term export cred- reports provided by the country. Short-term debt its from the OECD. data are World Bank staff estimates. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the Brazil end of 1997. It includes the effect of the Paris Club agreement signed in March 1991, the Paris Club Data source. Data on long-term public and agreement on enhanced Toronto terms signed in publicly guaranteed, private nonguaranteed, and May 1993, and the Paris Club agreement signed short-term debt for 1997 and data revisions for in June 1996. 1986-97 are preliminary, based on partial reports providecl by the country. Burundi Rescheduling. From 1983 onward, the increase in long-term public and publicly guaranteed debt Data source. Data on long-term public and is due to the transfer of liabilities from private publicly guaranteed debt for 1997 are based on nonguaranteed and short-term debt as a result of reports provided by the country. Short-term debt Paris Club and commercial bank restructuring. In data are from the BIS semiannual series on inter- 1992 an agreement was reached with Paris Club national bank lending and short-term export cred- creditors to reschedule $6.2 billion, of which $5.1 its from the OECD. billion corresponded to rescheduling of arrears and Rescheduling. Projected debt service is based on debt service due in 1992. Brazil also rescheduled contractual obligations on debt outstanding at the $7.1 billion of interest in arrears with commercial end of 1997. It includes the effect of the cancella- banks. Interest payments for 1992 include a $836 tion of all concessional debt owed to Belgium, million cash payment on the interest arrears. France, the Republic of Korea, and the Russian Debt reduction. Debt owed to commercial Federation. In 1989 Burundi rescheduled $13.3 banks at the end of 1994 was reduced by $4.1 bil- million of debt owed to China. lion as a result of the April 1994 Brady accord. Data for 1997 include debt buybacks. Cambodia Bulgaria Data source. Data on long-term public and publicly guaranteed and short-term debt for 1997 Data source. Data on long-term public and are preliminary, based on partial reports provided publicly guaranteed and private nonguaranteed by the country and World Bank staff estimates. 608 Debt data include both convertible and non- provided by the country and World Bank staff esti- covertible currency debt. mates. Short-term debt data are from the BIS semi- Rescheduling. Projected debt service is based on annual series on international bank lending and contractual obligations on debt outstanding at the short-term export credits from the OECD. end of 1997. It includes the effect of the Paris Club Rescheduling. Projected debt service is based agreement on Naples terms signed in January 1995. on contractual obligations on debt outstanding at the end of 1997. It includes the effect of the Cameroon debt relief agreement signed in 1989, concluded outside the Paris Club. In addition, it includes Datasource. Dataonlong-termandpubliclyguar- the 1995 and 1996 Paris Club agreement. The anteed debt for 1997 are based on reports provided reporting of the loans covered by this agreement bythe country andWorld Bank staffestimates. Long- remains partial, including the February 1995 and term private nonguaranteed debt data are reported by July 1996 Paris Club agreement. the country. Short-term debt data are from the BIS semiannual series on international bank lending and Chile short-term export credits from the OECD. Rescheduling. Projected debt service is based on Data source. Data on long-term public and contractual obligations on debt outstanding at the publicly guaranteed and private nonguaranteed end of 1997. It includes the effect of the Paris Club debt for 1997 are based on reports provided by the agreements signed in January 1992 and November country. Short-term debt data for 1990-96 are 1995 and October 1997. from the BIS semiannual series on international bank lending and short-term export credits from Cape Verde the OECD. Rescheduling. Projected debt service is based on Data source. Data on long-term public and contractual obligations on debt outstanding at the publicly guaranteed debt for 1997 are based on end of 1997. It includes the effect of a 1990 agree- reports provided by the country. Short-term debt ment with commercial banks under which there data are from the BIS semiannual series on inter- was no repayment of principal during 1991-94. national bank lending and short-term export cred- The data also reflect the forgiveness of $15 million its from the OECD. and the rescheduling of $132 million under the Rescheduling. In 1987, $8.4 million of long- Entcrprise for the Amcricas Initiative. term debt owed to Portugal was rescheduled. Debt reduction. By end-1993 reduction of debt owed to commercial banks through various Central African Republic debt conversion programs reached $8.7 billion, including $2.5 billion in 1988, $2.5 billion in Data source. Data on long-term public and 1989, $1.1 billion in 1990, $496 million in publicly guaranteed debt for 1997 are based on 1991, $279 million in 1992, and $264 million in reports provided by the country. Short-term debt 1993. Also, 1988 principal repayments include a data are from the BIS semiannual series on inter- $ 164 million cash payment in connection with a national bank lending and short-term export cred- buyback. its from the OECD. Rescheduling. Projected debt service is based on China contractual obligations on debt outstanding at the end of 1997. It includes the effect of the Paris Club Data source. Data on long-term public and agreements signed in 1988, 1990, and 1994. publicly guaranteed debt for 1997 are based on aggregate reports provided by the country and Chad World Bank staff estimates. Short-term debt data for 1990-97 are from the BIS semiannual series on Data source. Data on long-term public and pub- international bank lending and short-term export licly guaranteed debt for 1997 are based on reports credits from the OECD. 609 Colombia Brazzaville Club agreement, $23 million was rescheduled. Data source. Data on long-term public and publicly guaranteed debt for 1997 are projections. Costa Rica Data on long-term private nonguaranteed debt are World Bank staff estimates. Short-term debt data Data source. Data on long-term public and are taken from the BIS semiannual series on inter- publicly guaranteed debt for 1997 are projec- national bank lending and short-term export cred- tions. Long-term private nonguaranteed debt its from the OECD. data are World Bank staff estimates. Short-term debt data are from the BIS semiannual series on Comoros international bank lending and short-term export credits from the OECD. Data source. Data on long-term public and Rescheduling. Projected debt service is based on publicly guaranteed debt for 1997 are based on contractual obligations on debt outstanding at the reports provided by the country. Short-term debt end of 1997. It includes the effect of the Paris data are from the BIS semiannual series on inter- Club agreement signed in July 1991, the two national bank lending and short-term export cred- rescheduling agreements signed in 1992 with its from the OECD. Japan ($23 million) and the United States ($4 Debt reduction. France wrote off all outstand- million), and the Paris Club agreement signed in ing debt in 1994. June 1993. Congo, Democratic Republic of C6te d'lvoire Data source. Data on long-term public and Data source. Data on long-term public and publicly guaranteed debt for 1997 are estimates publicly guaranteed debt for 1997 are based on based on the original terms of the loans. Short- World Bank staff estimates. Long-term private term debt data are from the BIS semiannual series nonguaranteed debt data are World Bank staff esti- on international bank lending and short-term mates. Short-term debt data are from the BIS export credits from the OECD. semiannual series on international bank lending Rescheduling. Projected debt service is based and short-term export credits from the OECD on contractual obligations on debt outstanding and from the Caisse Autonome d'Amortissement's at the end of 1997. estimate of penalty and late charges on long-term debt. They also include World Bank staff estimates Congo, Republic of on the balance of the operations account. Rescheduling. Projected debt service is based on Data source. Data on long-term public and contractual obligations on debt outstanding at the publicly guaranteed debt for 1997 are World Bank end of 1997. It includes the effect of all Paris Club staff estimates. Short-term debt data are from the agreements beginning in 1984 and the commer- BIS semiannual series on international bank lend- cial bank agreements of 1985-86. It includes the ing and short-term export credits from the DDSR agreement of May 1997. OECD. Rescheduling. Projected debt service is based Croatia on contractual obligations on debt outstanding at the end of 1997. It includes the effect of the Data source. Data on long-term public and Paris Club agreements from 1986, 1990, 1994, publicly guaranteed, private nonguaranteed, and and 1996, but excludes the effect of the 1988 short-term debt for 1997 are based on reports pro- agreement with commercial banks because it has vided by the country. not been implemented. In 1986, in addition to Other. Croatia became a member of the World Paris Club, the government rescheduled with Bank in 1993. Debt data as of end-1997 includes Eastern Bloc creditors. Under the 1986 the effect of the Paris Club agreement signed in 610 March 1995. Projections include the effect of the agreement signed in November 1991 rescheduling March 1996 London Club agreement. $843 million and of the 1994 debt and debt ser- vice reduction (DDSR) agreement to restructure Czech Republic $1.2 billion owed to commercial banks. Data source. Data on long-term public and Ecuador publicly guaranteed, private nonguaranteed, and short-term debt for 1997 are preliminary, based on Data source. Data on long-term public and partial reports provided by the country, and publicly guaranteed and private nonguaranteed include only convertible currency debt. debt for 1997 are based on reports provided by the Other. The Czech Republic became a member country. Short-term debt data are from the BIS of the World Bank in 1993. Data for 1985-92 are semiannual series on international bank lending based on preliminary information on the succes- and short-term export credits from the OECD. sion of the former Czechoslovakia (effective Rescheduling. Projected debt service is based on January 1, 1993). contractual obligations on debt outstanding at the end of 1997. It includes the effect of the Paris Club Djibouti agreement on Houston terms signed in June 1994 and of the 1995 DDSR operation. Data source. Data on long-term public and Debt reduction. The debt conversion program publicly guaranteed debt for 1997 are reported by was continued in 1992, enabling the country to the country. Short-term debt data are from the BIS reduce its stock of debt due to private creditors by semiannual series on international bank lending about $50 million, bringing the total for 1987-92 and short-term export credits from the OECD. to $539 million. Debt reduction resulting from Debt reduction. France wrote off all outstand- the 1995 DDSR operations amounts to $1.2 bil- ing and disbursed debt at the end of 1989. lion. Data for 1997 include debt buybacks. Dominica Egypt, Arab Republic of Data source. Data on long-term public and Data source. Data on long-term public and publicly guaranteed debt for 1997 are based on publicly guaranteed debt for 1997 and revised data reports provided by the country. Short-term debt for 1991-95 due to the third stage of the 1991 data are from the BIS semiannual series on inter- Paris Club agreement are based on reports provid- national bank lending and short-term export cred- ed by the country. Data on private nonguaranteed its from the OECD. debt are World Bank staff estimates. Short-term Debt reduction. As part of its Caribbean initia- debt data are from the BIS semiannual series on tive, Canada forgave all its official development international bank lending and short-term export assistance loans, about $1.7 million, in 1990. credits from OECD. Rescheduling. Projected debt service is based on Dominican Republic contractual obligations on debt outstanding at the end of 1997. It includes the effects of the third Data source. Data on long-term public and stage of the Paris Club agreement signed in May publicly guaranteed debt for 1997 are based on 1991. reports provided by the country. Private nonguar- anteed debt data are World Bank staff estimates. El Salvador Short-term debt data are from the BIS semiannu- al series on international bank lending and short- Data source. Data on long-term public and term export credits from the OECD. publicly guaranteed debt for 1997 are based on Rescheduling. Projected debt service is based on reports provided by the country. Long-term pri- contractual obligations on debt outstanding at the vate nonguaranteed debt data are World Bank staff end of 1997. It includes the effect of the Paris Club estimates. Short-term dcbt data are from the BIS 61] semiannual series on international bank lending Rescheduling. Projected debt service is based and short-term export credits from the OECD. on contractual obligations on debt outstanding at the end of 1997. It includes the effects of the Equatorial Guinea last Paris Club agreement signed in January 24, 1997. Data source. Data on long-term public and publicly guaranteed debt for 1997 are estimates Fiji based on the original terms of the loans. Short- term debt data are from the BIS semiannual series Data source. Data on long-term public and on international bank lending and short-term publicly guaranteed debt for 1997 are projections. export credits from the OECD. Long-term private nonguaranreed debt data are Rescheduling. Projected debt service is based World Bank staff estimates. Short-term debt data on contractual obligations on debt outstanding are from the BIS semiannual series on interna- at the end of 1997. It does not include the effect tional bank lending and short-term export credits of the Paris Club agreement of April 1992 from the OECD. because Italy and Spain have not signed the agree- ment. It does not include the effect of bilateral Gabon debt rescheduling of December 1996 because of lack of information. Data source. Data on long-term public and publicly guaranteed debt for 1997 are based on Eritrea reports provided by the country augmented by World Bank staff estimates. Short-term debt data Data source. Data on long-term public and are from the BIS semiannual series on interna- publicly guaranteed debt for 1997 are based on tional bank lending and short-term export credits reports provided by the country. Short-term debt from the OECD. data are from the BIS semiannual series on inter- Rescheduling. Projected debt service is based on national bank lending and short-term export cred- contractual obligations on debt outstanding at the its from the OECD. end of 1997. It includes the effect of the Paris Club agreements signed in April 1994 and December Estonia 1995. Projections exclude the effect of a Paris Club agreement signed in October 1991. According to Data source. Data on long-term public and Caisse Autonome d'Amortissement, the agree- publicly guaranteed and private nonguaranteed ment was canceled because of difficulties in meet- debt for 1997 are based on reports provided by the ing certain conditions requested by one of the country. Short-term debt data are from the BIS creditor countries. semiannual series on international bank lending and short-term export credits from the OECD. Gambia, The Ethiopia Data source. Data on long-term public and publicly guaranteed debt for 1997 are projections. Data source. Data on long-term public and Short-term debt data are from the BIS semiannu- publicly guaranteed debt for 1997 are based on al series on international bank lending and short- reports provided by the country. The 1996 debt term export credits from the OECD. report included information not reported in pre- vious years. The historical data were revised. Georgia Short-term debt data are from the BIS semian- nual series on international bank lending and Data source. Data on long-term public and short-term export credits from the OECD. The publicly guaranteed debt for 1997 are based on data include debt contracted from commercial reports provided by the country. Short-term debt sources for military expenditures. data are from the BIS semiannual series on intcr- 612 national bank lending and short-term export cred- semiannual series on international bank lending its from the OECD. and short-term export credits from the OECD. Rescheduling. In 1993 a total of $366 million of Rescheduling. Projected debt service is based technical credits were rescheduled with Armenia on contractual obligations on debt outstanding ($10.6 million), Azerbaijan ($2.1 million), Kaz- at the end of 1997. It includes the effects of the akhstan ($17.9 million), the Russian Federation Paris Club agreements of 1986, 1989, 1992, and ($135.0 million), and Turkmenistan ($200.8 mil- 1995 and 1997. lion). In 1996, $634 million were rescheduled with bilateral creditors. Guinea-Bissau Ghana Data source. Data on long-term public arid publicly guaranteed debt for 1997 are based on Data source. Data on long-term public and reports provided by the country. Short-term debt publicly guaranteed debt for 1997 are based on data are from the BIS semiannual series on inter- reports provided by the country. Long-term pri- national bank lending and short-term export cred- vate nonguaranteed debt data are World Bank its from the OECD. staff estimates. Short-term debt data are from the Rescheduling. Projected debt service is based on BIS semiannual series on international bank lend- contractual obligations on debt outstanding at the ing and short-term export credits from the end of 1997. It includes the effects of the Paris OECD. Club agreements signed in October 1987, Rescheduling. Short-term debt of the Bank of October 1989, and February 1995. Ghana amounting to $42 million was rescheduled 'into long-term debt in 1987. In 1991 the Guyana Netherlands rescheduled all payment arrears. It includes the effects of the Paris Club agreement Data source. Data on long-term public and signed in March 1996. publicly guaranteed debt for 1997 are based on reports provided by the country. Long-term pri- Grenada vate nonguaranteed debt data are World Bank staff estimates. Short-term debt data are from the BIS Data source. Data on public and publicly guar- semiannual series on international bank lending anteed debt for 1997 are World Bank staff esti- and short-term export credits from the OECD. mates. Short-term debt data are from the BIS semi- Rescheduling. Projected debt service is based on annual series on international bank lending and contractual obligations on debt outstanding at the short-term export credits from the OECD. end of 1997. It includes the effect of the Paris Club agreement signed in May 1996. Guatemala Debt reduction. For 1991 the debt outstanding reflects debt forgiveness of $87 million from the Data source. Data on long-term public and United States. For 1992 Brazil and the United publicly guaranteed debt for 1997 are based on the Kingdom forgave $11 million of bilateral debt, and report provided by the country. Long-term private Guyana paid $9.9 million to buy back $76 million nonguaranteed debt data are WorLd Bank staff esti- of debt owed to commercial banks. This operation mates. Short-term debt data are from the BIS was funded by a grant from the IDA Debt semiannual series on international bank lending Reduction Facility. Reduction in the stock of debt and short-term export credits from rhe OECD. at the end of 1997 as a result of the write-off of the May 1996 Paris Club agreement was $460 million. Guinea Haiti Data source. Data on long-term public and pub- licly guaranteed debt for 1997 are World Bank staff Data source. Data on long-term public and estimates. Short-term debt data are from the BIS publicly guaranteed debt as of end-September 613 1997 are preliminary, based on partial reports pro- Nonresident deposits. Data include nonresident vided by the country. Short-term debt data are Indian deposits for March 1980 to March 1998. from the BIS semiannual series on international These deposits amounted to $14.35 billion and bank lending and short-term export credits from $14.90 billion at the end of March 1996 and 1997, the OECD. respectively. From March 1989 to March 1994 The government cleared a total of $81.5 mil- these deposits are broken into long-term and short- lion of arrears to the Inter-American Development term deposits. From 1996 onward long-term Bank, IDA, and the IMF in December 1994 and deposits are further broken down into publicly arrears to the International Fund for AgriculturaL guaranteed and private nonguaranteed deposits. Development, OPEC Fund, and bilateral donors, Military debt. Data have been revised from either through bilateral agreements or in the con- March 1990 to include military debt. text of the May 1995 Paris Club Meeting. Rescheduling. Projected debt service includes the Indonesia effect of the March 1995 Paris Club agreement. Data source. Data on long-term public and Honduras publicly guaranteed debt for 1997 are preliminary based on partial reports provided by the country. Data source. Data on long-term public and Private nonguaranteed long-term debt from 1994 publicly guaranteed and private nonguaranteed onward reflect a recent survey of the Bank of debt for 1997 are based on reports provided by the Indonesia on the levels of private nonguaranteed country. Short-term debt data are from the BIS debt, without corresponding revisions for histori- semiannual series on international bank lending cal flows. Short-term debt data (1993 to 1997) are and short-term export credits from the OECD. from the BIS semiannual series on international Rescheduling. Projected debt service is based on bank lending and short-term export credits from contractual obligations on dcbt outstanding at the the OECD. The BIS data may include indistin- end of 1997. It includes the effect of the Paris Club guishable local currency components held by non- agreement signed in February 1996. It also residents, estimated at $17 billion for end-1996. includes the effect of 1997 rescheduling of the Other. The residual in debt stock flow reconcil- loans wirh the CABEI/BCIE creditor. iation from 1994 onward reflects the private Debt reduction. Reduction of the stock of debt nonguaranteed stock revisions introduced without at the end of 1997 as a result of the write off of the corresponding flow data adjustments. Principal February 1996 Paris Club agreement was $2.4 payments in 1996 include $1.8 billion in prepay- million. ments to multilateral organizations. Hungary Iran, Islamic Republic of Data source. Data on long-term public and Data source. Data relate to the year ending in publicly guaranteed, private nonguarantccd, and March. Long-tcrm public and publicly guaranteed short-term debt for 1997 are based on reports pro- debt and short-term debt as of end-March 1998 vided by the country. are based on reports provided by the country and the CMU. Major revisions from 1993 to present India are based on reports provided by the country and the CMU on repayments of refinancing debt. Data source. Data relate to the year ending in Long-term private nonguaranteed debt are World March (Latest data are for the year ending in March Bank staff estimates. 1998). Details on long-term public and publicly Rescheduling. Iran rescheduled an estimated guaranteed, private nonguaranteed, and short- $18 billion of short-term debt into long-term debt term debt as of the end of March 1998 are based in 1993-96; $2.8 billion in 1993 (which was on reports provided by the country and World repaid in the same year); $10.8 billion in 1994; Bank staff estimates. $3.2 billion in 1995; and $1.8 billion in 1996. 614 Jamaica data are from the BIS semiannual series on inter- national bank lending and short-term export cred- Data source. Data on long-term public and pub- its from the OECD. licly guaranteed debt for 1997 are based on partial Rescheduling. Projected debt service is based on reports provided by the country. Long-term private contractual obligations on debt outstanding at the nonguaranteed debt data are World Bank staff esti- end of 1997. It includes the effect of the Paris Club mates. Short-term debt data are from the BIS semi- agreement signed in January 1994, rescheduling annual series on international bank lending and all arrears accumulated as of December 1993. short-term export credits from the OECD. Rescheduling. Projected debt service is based on Korea, Republic of contractual obligations on debt outstanding at the end of 1997. It includes the effect of the last Paris Data source. Data on total external liabilities, Club agreement on Houston terms signed in including long-term public and publicly guaran- January 1993. teed debt for 1994-97, are based on aggregate reports provided by the country and World Bank Jordan staff estimates. Data source. Data on long-term public and Kyrgyz Republic publicly guaranteed debt for 1997 are based on reports provided by the country. Long-term pri- Data source. Data on long-term public and vate nonguaranteed debt are World Bank staff esti- publicly guaranteed debt for 1997 are based on mates. Short-term debt data are from the BIS reports provided by the country. Short-term debt semiannual series on international bank lending data are from the BIS semiannual series on inter- and short-term export credits from the OECD. national bank lending and short-term export cred- Rescheduling. Projected debt service is based on its from the OECD. contractual obligations atthe end of 1997. It reflects Rescheduling. In 1993 a total of $125.8 million the effect of the agreements signed with the Paris of technical credits were rescheduled with Kazak- Club in July 1989, February 1992, June 1994, and hstan ($31.5 million), the Russian Federation May 1997. Total amount rescheduled under the ($81.0 million), and Uzbekistan ($13.3 million). In May 1997 Paris Club agreement was $223 million. 1996, $220.4 million were rescheduled with bilat- eral creditors. Kazakhstan Lao People's Democratic Republic Data source. Data on long-term public and publicly guaranteed and private nonguaranteed Data source. Data on long-term public and pub- debt for 1997 are based on reports provided by the licly guaranteed debt for 1997 are preliminary, based country. Short-term debt data are from the BIS on partial reports provided by the country and semiannual series on international bank lending include both convertible and nonconvertible cur- and short-term export credits from the OECD. rency obligations. Short-term debt data are from the Rescheduling. In 1993, $1.3 billion of technical BIS semiannual series on international bank lending credits were rescheduled with the Russian and short-term export credits from the OECD. Federation. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the Kenya end of 1997. It includes the effects of the bilateral debt restructuring agreements of 1988 and 1991. Data source. Data on long-term public and pub- licly guaranteed debt for 1997 are preliminary, Latvia based on reports provided by the country. Long- term private nonguaranteed debt for 1997 are Data source. Data on long-term public and based on World Bank estimates. Short-term debt publicly guaranteed debt for 1997 are preliminary, 615 based on reports provided by the country. Short- in 1993. Debt outstanding as of end-1993 reflect term debt data are from the BIS semiannual series only loans used directly by Macedonian beneficia- on international bank lending and short-term ries. Projected debt service includes the effects of export credits from the OECD. the 1995 Paris Club agreement. Lebanon Madagascar Data source. Data on long-term public and Data source. Data on long-term public and publicly guaranteed debt for 1997 are based on publicly guaranteed debt for 1997 are based on reports provided by the country. Short-term debt reports provided by the country Short-term debt data are from the BIS semiannual series on inter- data are from the BIS semiannual series on inter- national bank lending and short-term export cred- national bank lending and short-term export cred- its from the OECD. its from the OECD. Rescheduling. Projected debt service is based on Lesotho contractual obligations on debt outstanding at the end of 1997. It includes the effect of the Paris Club Data source. Data on long-term public and agreements signed during 1988-90 and the 1990 publicly guaranteed debt for 1997 are based on commercial bank rescheduling arrangements. reports provided by the country. Short-term debt data are NVorld Bank staff estimates. Malawi Liberia Data source. Data on long-term public and publicly guaranteed debt for 1997 are World Data source. Data on long-term public and Bank staff estimates. Short-term debt data are publicly guaranteed debt for 1997 are estimates from the BIS semiannual series on international based on the original terms of the loans, aug- bank lending and short-term export credits from mented by creditor source information. Short- the OECD. term debt data are from the BIS semiannual series Rescheduling. Projected debt service is based on on international bank lending and short-term contractual obligations on debt outstanding at the export credits from the OECD. end of 1997. It includes the effect of the Paris Club agreement signed in April 1988. The agreement to Lithuania reschedule debt owed to the Commonwealth Development Corporation has not been imple- Data source. Data on long-term public and mented. As a result there are both principal and publicly guaranteed debt for 1997 are based on interest arrears due to the corporation. partial reports provided by the country. Short- term debt data are from the BIS semiannual series Malaysia on international bank lending and short-term export credits from the OECD. Data source. Data on long-term public and publicly guaranteed and private nonguaranteed Macedonia, FYR debt for 1997 are preliminary, based on partial reports provided by the country. Private Data source. Data on long-term public and nonguaranteed long-term debt data are aug- publicly guaranteed and private nonguaranteed mented by data from creditor sources and World debt for 1997 are based on reports provided by the Bank staff estimates. Short-term debt data are country. Short-term debt data are from the BIS from the BTS semiannual series on international semiannual series on international bank lending bank lending and short-term export credits from and short-term export credits from the OECD. the OECD. Other. The former Yugoslav Republic of Other. Principal repayments include prepay- Macedonia became a member of the World Bank ments of $1.7 billion in 1988, $1.1 billion in 616 1992, $0.9 billion in 1993, $2.3 billion in 1994, 1993 and 1995. The reporting of the loans cov- $2.3 billion in 1996, and $0.73 billion in 1997. ered by these agreement remains partial. There have also been bilateral rescheduling arrangements Maldives with Algeria, Brazil, Iraq, Kuwait, Qatar, and Saudi Arabia. Data souirce. Data on long-term public and publicly guaranteed debt for 1997 are based on Mauritius reports provided by the country. Short-term debt data are from the BIS semiannual series on inter- Data source. Data on long-term public and national bank lending and short-term export cred- publicly guaranteed and private nonguaranteed its from the OECD. debt for 1997 are based on reports provided by the country. Short-term debt data are from the Mali BIS semiannual series on international bank lending and short-term export credits from the Data source. Data on long-term public and OECD. publicly guaranteed debt for 1997 are based on reports provided by the country and augmented by Mexico World Bank staff estimates. Short-term debt data are from the BIS semiannual series on interna- Data source. Data on long-term public and tional bank lending and short-term export credits publicly guaranteed, private nonguaranteed, and from the OECD. short-term debt for 1997 are based on reports pro- Reschedluling. Projected debt service is based on vided by the country. Data revision on short-term contractual obligations of debt outstanding at the and publicly nonguaranteed debt were provided end of 1997. It includes the effect of the Paris Club by the country. agreements of 1988, 1989, 1992, and 1996. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the Malta end of 1997. It includes the effect of all agreements concluded to date, including the effect of the zero- Data source. Data on long-term public and coupon bonds and the swap operations. In 1992, publicly guaranteed debt for 1997 are based on $327 million was rescheduled as aresultofthe 1989 reports provided by the country. Long-term pri- Paris Club agreement. In 1993 a number of public vate nonguaranteed debt data are World Bank borrowers, including the government, swapped lia- staff estimates. Short-term debt data are from the bilities to meet the ceiling on borrowings. BIS semiannual series on international bank lend- Debt reduction. The decline in private nonguar- ing and short-term export credits from the anteed debt in 1988 is due primarily to prepay- OECD. ment and swaps operations. The debt reduction in 1989 of $2.5 billion comprised debt-equity swaps Mauritania of $800 million and buybacks of $1.7 billion. In 1990 swaps amounted to $846 million, and debt Data source. Data on long-tcrm public and rcduction from discount bonds to $7.3 billion. publicly guaranteed debt for 1997 are based on The debt conversion program continued in 1991 reports provided by the country. Short-term debt and amounted to $1.1 billion, including privati- data are from the BIS semiannual series on inter- zation of $431 million and debt-equiry swaps of national bank lending and short-term export cred- $95 million. In 1992, $7.5 billion was bought its from the OECD. back for $5.2 billion, which is shown under prin- Rescheduling. Projected debt service is based on cipal repayments. Also, $137 million was convert- contractual obligations on debt outstanding at the ed from foreign debt to equiry. The increase in end of 1997. It reflects the effect of the Paris Club 1995 in long-term debt includes the stock transfer agreement from 1989 and the Paris Club agree- of the "Tesobonos." Data for 1997 include debt ments on enhanced Toronto terms signed in June buybacks. 617 Moldova Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the Data source. Data on long-term public and endof 1997. It includes the effect ofthe Paris Club publicly guaranteed debt for 1997 are based on agreement signed in November 1996. reports provided by the country. Short-term debt Debt reduction. Debt reduction in 1990 data are from the BIS semiannual series on inter- amounted to $231 million, and to $237 million in national bank lending and short-term export cred- 1991. In 1991 there was a debt buyback, at a dis- its from the OECD. count of 90 percent, of $124 million under the Rescheduling. In 1993, $89 million of technical IDA Debt Reduction Facility. credits were rescheduled with the Russian Federation. In 1996, $118.8 million were resched- Myanmar uled with bilateral creditors. Data source. Data relate to the year ending in Mongolia March. Data on long-term public and publicly guaranteed debt for end-March 1998 are based on Data source. Data on long-term public and pub- reports provided by the country. Short-term debt licly guaranteed debt for 1997 are based on reports data are from the BIS semiannual series on inter- provided by the country. Short-term debt data are national bank lending and short-term export cred- from the BIS semiannual series on international its from the OECD. bank lending and short-term export credits from the OECD. Data exclude military debt of about Nepal 10.6 billion rubles owed to the Russian Federation. Data source. Data on long-term public and Morocco publicly guaranteed debt for 1997 are based on reports provided by the country. Short-term debt Data source. Data on long-term public and pub- data are from the BIS semiannual series on inter- licly guaranteed and private nonguaranteed debt for national bank lending and short-term export cred- 1997 are preliminary, based on partial reports pro- its from the OECD. vided by the country. Data on short-term debt are based on reports by the country and World Bank Nicaragua staff estimates. Major revisions to the database, espe- cially on short-term debt and arrears, were based on Data source. Data on long-term public and information provided by the authorities. The arrears publicly guaranteed debt for 1997 are actual, are mostly late payments to creditor countries. based on reports provided by the country. Short- Rescheduling. Projected debt service is based on term debt data are from the BIS semiannual series contractual obligations on debt outstanding at the on international bank lending and short-term end of 1997. It includes the effect of the Paris Club export credits from the OECD. agreement signed in February 1992. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the Mozambique end of 1997. It includes the effect of agreements reached with Mexico ($950 million) and Venezuela Data source. Data on long-term public and pub- ($159 million) in 1991, with Brazil in 1992 ($66 licly guaranteed debt for 1997 are based on reports million), and with Argentina ($76 million) and provided by the country and does not include non- Cuba ($7 million) in 1993; the 1995 Paris Club civilian Russian Federation debt. Private nonguar- agreement; and agreements with the Russian anteed debt data are World Bank staff estimates Federation ($442 million), Czech Republic ($141 and does not include private debt from Cahora million), Honduras ($117 million), Mexico ($91 Bassa. Short-term debt data are from the BIS semi- million), and El Salvador ($23 million) in 1996. annual series on international bank lending and Debt reduction. In 1995 debt reduction was short-term export credits from the OECD. $1.2 billion using the IDA facility. 618 Niger Other. The Central Bank of Nigeria reported a large cancellation of promissory notes in 1992 that Data source. Data on long-term public and led to a reduction of about $1.1 billion in the stock publicly guaranteed debt for 1997 are based on of notes outstanding. This reduction, classified reports provided by the country. Long-term pri- under private suppliers' credits, is not recorded as vate nonguaranteed debt data are World Bank staff part of the DDSR accounts and therefore is estimates. Short-term debt data are from the BIS included in the residual imbalance during 1992. semiannual series on international bank lending and short-term export credits from the OECD. Oman Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the Data source. Data on long-term public and end of 1997. It includes the effect of all Paris Club publicly guaranteed debt for 1997 are based on agreements. reports providcd by the country. Short-term debt Debt reduction. In 1991 Niger bought back data are from the BIS semiannual series on inter- $107 million of debt at a discount of 82 percent national bank lending and short-term export cred- under the IDA Debt Reduction Facility. its from the OECD. Nigeria Pakistan Data source. Data on long-term public and pri- Data source, Data on long-term public and vate nonguaranteed debt for 1997 are estimates publicly guaranteed and private nonguaranteed based on the original terms of the loans augment- debt for 1997 are based on reports provided by the ed by creditor source information and World Bank country. Short-term debt data are from the BIS staff estimates. Nigeria has not reported external semiannual series on international bank lending debt transactions for individual loans to the Bank and short-term export credits from the OECD since 1992. All data from 1992 forward are esti- and exclude foreign currency deposits in local mates based on aggregate data from the authori- banks made by nonresidents. ties, World Bank staff, and other sources. The promissory notes data for 1994-97 are based on Panama partial information from the authorities. The Russian buyback is also based on partial informa- Data source. Data on long-term public and tion from the authorities. Short-term debt data are publicly guaranteed debt for 1997 are based on from the BIS semiannual series on international reports provided by the country. Data on long- bank lending and short-term export credits from term private nonguaranteed debt and on short- the OECD. term debt are World Bank staff estimates. Rescheduling. Projected debt service is based on Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the contractual obligations on debt outstanding at the end of 1997. It includes the effect of all Paris Club end of 1997. It includes the effect of the November and London Club agreements signed, as well as 1996 DDSR agreement, which rescheduled $3.3 those signed with other bilateral creditors. billion of total debt. In 1997 Panama retired S 1.2 Debt reduction. Debt reduction in 1988 was billion of the Brady bonds in exchange for uncol- $40 million and in 1989, $247 million, all of it lateral bonds. due to debt-equity swaps. In 1990 debt reduction Debt reduction. As a result of the April 1996 was $286 million, $48 million of which was due Brady accord, debt owed to commercial banks at the to debt forgiveness and $238 million to debt-equi- end of 1996 was reduced by $645 million. Total cy swaps. In 1991 debt reduction was $243 mil- debt rescheduled under this accordwas $3.3 billion. lion, of which $134 million represented a buy- The 1997 Brady bond exchange operation resulted back, $95 millionwas debt-equiryswaps, and $14 in a $1.2 billion debt reduction, which includes a million was debt forgiveness. In 1992 there was a $987 million buyback, as shown under principal $1.3 billion buyback. repayment. 619 Papua New Guinea Club agreement signed in June 1991. The Paris Club agreement signed in July 1994 was not Data source. Data on long-term public and implemented because the Philippines decided to publicly guaranteed debt for 1997 are based on meet Paris Club debt service due. reports provided by the country. Short-term debt Debt reduction. Cash buyback of $ 1.3 billion at data are from the BIS semiannual series on inter- the price of 52 cents per dollar (equivalent to $656 national bank lending and short-term export cred- million) was implemented in May 1992, as was the its from the OECD. DDSR $4.4 billion multioption package of July 1992. Paraguay Poland Data source. Data on long-term public and publicly guaranteed debt for 1997 are based on Data source. Data on long-term public and reports provided by the country. Private nonguar- publicly guaranteed, private nonguaranteed, and anteed debt data are World Bank staff estimates. short-term debt for 1997 are based on reports by Short-term debt data are from the BIS semiannu- the country and include both convertible and non- al series on international bank lending and short- convertible debt. term export credits from the OECD. Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the Peru end of 1997. It includes the effect of the Paris Club agreement signed in April 1991, which provided Data source. Data on long-term public and for cancellation of about 50 percent of the stock of publicly guaranteed debt for 1997 are based on debt or an equivalent reduction in scheduled debt reports provided by the country. Long-term pri- service on a net present value basis. It also includes vate nonguaranteed debt data are World Bank staff the effect of the DDSR operation with commer- estimates. Short-term debt data are revised and are cial banks that was concluded in October 1994. from the BIS semiannual series on international The 1994 DDSR agreement restructured $14.3 bank lending and short-term export credits from billion of debt. the OECD. Rescheduling. Projected debt service is based Romania on contractual obligations on debt outstanding at the end of 1997. It includes the effect of the Data source. Data on long-term public and Paris Club agreement signed in July 1996. By publicly guaranteed for 1997 are projections. end-1997 total amount rescheduled was $1.8 bil- Private nonguaranteed debt data are World Bank lion. It also includes the effect of the November staff estimates. Short-term debt data are from BIS 1996 DDSR agreement, which rescheduled $4.8 semiannual series on international bank lending billion. and short-term export credits from the OECD. Debt reduction. As a result of the November 1996 Brady accord, debt owed to commercial banks Russian Federation at the end of 1996 was reduced by $2.2 billion. Data source. Data on long-term public and Philippines publicly guaranteed and short-term debt for 1997 are estimates, based on aggregate data provided by Data source. Data on long-term public and the country. Data prior to 1992 are for the former publicly guaranteed, private nonguaranteed, and Soviet Union. Beginning in 1993, the database has short-term debt for 1997 are based on reports pro- been revised to include obligations to members of vided by the country. the former Council for Mutual Economic Rescheduling. Projected debt service is based on Assistance and other countries in the form of contractual obligations on debt outstanding as of trade-related credits amounting to $15.4 billion as December 1997. It includes the effect of the Paris of the end of 1996. 620 Rescheduling. Projected debt service is based on Seychelles contractual obligations on debt outstanding at the end of 1997. It includes the effect of the Paris Club Data source. Data on long-term public and agreements signed in June 1995 and April 1996, and publicly guaranteed debt for 1997 are based on the commercial bank agreement signed in 1997. reports provided by the country. Short-term debt data are from the BIS semiannual series on inter- Rwanda national bank lending and short-term export cred- its from the OECD. Data source. Data on long-term public and publicly guaranteed debt for 1997 are based on Sierra Leone reports provided by the country. Short-term debt data are from the BIS semiannual series on inter- Data source. Data on long-term public and national bank lending and short-term export cred- publicly guaranteed debt for 1997 are projec- its from the OECD. tions. Long-term private nonguaranteed debt Rescheduling. Projected debt service is based on data are World Bank staff estimates. Short-term contractual obligations on debt outstanding at the debt data are from the BIS semiannual series on end of 1 997. It includes the effect of rescheduling international bank lending and short-term loans from Kuwait in 1996. export credits from the OECD. Major revisions to the database are based on information provid- Samoa ed by the country. Rescheduling. Projected debt service is based Data source. Data on long-term public and on contractual obligations on debt outstanding publicly guaranteed debt for 1997 are based on at the end of 1997. It includes the effect of Paris reports provided by the country. Short-term debt Club agreements signed in November 1986, data are from the BIS semiannual series on inter- November 1992, July 1994, and April 1996. It national bank lending and short-term export cred- also includes the effect of a DDSR operation with its from the OECD. commercial banks that was concluded in August 1995. Sao Tome and Principe Slovak Republic Data source. Data on long-term public and publicly guaranteed and short-term debt for 1997 Data source. Data on long-term public and are based on reports provided by the country. publicly guaranteed and private nonguaranteed Rescheduling: In 1995, $23.9 million was debt for 1997 are preliminary, based on reports rescheduled with Portugal. In 1997 China restruc- provided by the country and include only con- tured part of its claims converting them into part vertible-currency debt. of about $11.2 million. Other. The Slovak Republic became a member of the World Bank in 1993. Data for 1985-92 are Senegal based on preliminary information on the succes- sion of the former Czechoslovakia (effective Data source. Data on long-term public and January 1, 1993). publicly guaranteed and private nonguaranteed debt for 1 997 are based on reports provided by the Solomon Islands country. Short-term debt data are from the BIS semiannual series on international bank lending Data source. Data on long-term public and and short-term export credits from the OECD. publicly guaranteed debt for 1997 are based on Rescheduling. Projected debt service is based on reports provided by the country. Short-term debt contractual obligations on debt outstanding at the data are from the BIS semiannual series on inter- end of 1997. It includes the effects of the Paris national bank lending and short-term export cred- Club agreement signed in April 1995. its from the OECD. 621 Rescheduling. Projected debt service is based on Debt reduction. As part of its Caribbean contractual obligations on debt outstanding at the Initiative, Canada forgave all official development end of 1997. It includes the effects of a bilateral assistance loans, about $0.4 million, in 1991. debt restructuring agreement signed in 1992. St. Vincent and the Grenadines Somalia Data source. Data on long-term public and Data source. Data on long-term public and publicly guaranteed debt for 1997 are based on publicly guaranteed debt for 1997 are estimates reports provided by the country. Short-term debt based on the original terms of the loans, aug- data are from the BIS semiannual series on inter- mented by creditor source information. Short- national bank lending and short-term export cred- term debt data are World Bank staff estimates. its from the OECD. Rescheduling. Projected debt service is based on Debt reduction. As part of its Caribbean contractual obligations on debt outstanding at the Initiative, Canada forgave all official development end of 1997. assistance loans, about $0.8 million, in 1990. South Africa Sudan Data source. Data on long-term and publicly Data source. Data on long-term public and pub- guaranteed debt for 1997 are aggregate informa- licly guaranteed and private nonguaranteed debt tion provided by the authorities and based on for 1997 are estimates based on the original terms World Bank staff estimates. of the loans, augmented by creditor source infor- mation. Short-term debt data are from the BIS Sri Lanka semiannual series on international bank lending and short-term export credits from the OECD. Data source. Data on long-term public and Rescheduling. Projected debt service is based on publicly guaranteed and private nonguaranteed contractual obligations on debt outstanding at the debt for 1997 are based on reports provided by end of 1997. the country. Short-term debt data are from the BIS semiannual series on international bank Swaziland lending and short-term export credits from the OECD. Data source. Data on long-term public and publicly guaranteed debt for 1997 are estimates St. Kitts and Nevis based on original terms of loans outstanding at end-1996. Short-term debt data are from the BIS Data source. Data on long-term public and semiannual series on international bank lending publicly guaranteed debt for 1997 are based on and short-term export credits from the OECD. reports provided by the country. Short-term debt data are from the BIS semiannual series on inter- Syrian Arab Republic national bank lending and short-term export cred- its from the OECD. Data source. Data on long-term public and publicly guaranteed debt for 1997 are estimatcs St. Lucia based on the original terms of the loans and include only civilian debt. Data on noncivilian Data source. Data on long-term public and debt, which is substantial and owed mainly to publicly guaranteed debt for 1997 are based on Eastern European countries, are estimates using reports provided by the country. Short-term debt creditor source information. Data on civilian debt data are from the BIS scmiannual series on intcr- do not reflect bilateral debt arrangements that have national bank lending and short-term export cred- been agreed in recent years. Short-term debt are its from the OECD. World Bank staff estimates. 622 Taiikistan Rescheduling. Projected debt service is based on contractual obligations on debt outstanding at the Data source. Data on long-term public and end of 1997. It includes the effect of all signed publicly guaranteed and private nonguaranteed Paris Club agrcements and commercial bank debt for 1997 are based on reports provided by the arrangements until end- 1996. country. Rescheduling In 1993, $18 million of technical Tonga credits were rescheduled with Kazakhstan. In 1996, $505.8 million were rescheduled with bilat- Data source. Data on long-term public and eral creditors. publicly guaranteed debt for 1997 are based on original terms of loans outstanding at end-1996. Tanzania Short-term debt data are from the BIS semiannu- al series on international bank lending and short- Data source. Data on long-term public and term export credits from the OECD. publicly guaranteed debt for 1997 are based on reports provided by the country. Long-term pri- Trinidad and Tobago vate nonguaranteed debt data are World Bank staff estimates. Short-term debt data are from the BIS Data source. Data on long-term public and semiannual series on international bank lending publicly guaranteed and private nonguaranteed and short-term export credits from the OECD. debt for 1997 are based on reports provided by the Rescheduling. Projected debt service is based on country. Short-term debt data are from the BIS contractual obligations on debt outstanding at the semiannual series on international bank lending end of 1997. It includes the effects of all signed and short-term export credits from the OECD. Paris Club agreements until the end of 1995 and Rescheduling. In 1989 an agreement was the effects of the agreement signed in January reached with commercial banks to reschedule 1997. $702 million-$54 million of which refer to prin- cipal payments in 1992-in two tranches over Thailand four years. Debt reduction. In 1993 the reduction in long- Data source. Data on long-term public and term debt amounted to $40 million because of a publicly guaranteed and private nonguaranteed debt conversion to local currency that was part of debt for 1997 are based on preliminary reports the 1989 commercial bank agreement. In 1991, provided by the country. Short-term debt data are $7 million was forgiven; in 1992, $30 million; and also from the country and include Bangkok in 1993, $10 million. International Banking Faciliry (BIBF) commercial bank transactions. Tunisia Prepayments. Principal repayments include the following prepayments to private creditors: 1988, Data source. Data on long-term public and $974 million; 1989. $551 million; 1990, $486 publiclyguaranteeddebtfor l997arepreliminary, million; 1993, $763 million; 1994, $1,147 mil- based on partial reports provided by the country lion; and 1995, $558 million. and World Bank staff estimates. Private nonguar- anteed debt data are World Bank staff estimates. Togo Short-term debt data are from the BIS semiannu- al series on international bank lending and short- Data source. Data on long-term public and term export credits from the OECD. publicly guaranteed debt for 1997 are based on reports provided by the country. Short-term debt Turkey data are from the BIS semiannual series on inter- national bank lending and short-term cxport cred- Data source. Data on long-term public and its from the OECD. publicly guaranteed, private nonguaranteed, and 623 short-term debt for 1997 are based on reports pro- 1997 are based on reports provided by the country. vided by the country. Publicly guaranteed debt Short-term debt datan re World Bankrstaffestimates. does not include about $2.5 billion in noncivilian Debt reduction. The debt reductions in debt in 1996 and 1997. 1987-89 amount to $229 million of debt-equity Nonresident deposits. Long-term debt data swaps. Principal repayments in 1991 include a include nonresident deposits made under the $284 million cash payment in connection with a Dresdner Bank scheme, amounting to $10.4 bil- debt buyback, which retired $506 million of debt lion at end-1995, $10.7 billion at end-1996, and outstanding. Debt data also reflect forgiveness of $10.3 billion at end-1997. $16 million by the United States in 1993. Turkmenistan Uzbekistan Data source. Data on long-term public and Data source. Data on long-term public and publicly guaranteed debt for 1997 are based on publicly guaranteed debt for 1997 are based on reports provided by the country. Short-term debt reports provided by the country. Short-term debt data are from the BIS semiannual series on inter- data are from the BIS semiannual series on inter- national bank lending and short-term export cred- national bank lending and short-term export cred- its from the OECD. its from the OECD. Rescheduling. In 1993 a total of $321 million of Uganda trade credits were rescheduled with Kazakhstan ($46.4 million) and the Russian Federation Data source. Data on long-term public and ($275.0 million) publicly guaranteed debt for 1997 are projections. Short-term debt data are from the BIS semiannu- Vanuatu al serics on international bank lending and short- term export credits from the OECD. Data source. Data on long-term public and Rescheduling. Projected debt service is based on publicly guaranteed debt for 1997 are based on contractual obligations on debt outstanding at the World Bank staff estimates. Short-term debt data end of 1997. It includes the effect of the Paris Club are from the BIS semiannual series on interna- agreement signed in February 1995. tional bank lending and short-term export credits Debt reduction. In 1993 Uganda bought back from the OECD. $149 million of debt at a discount of 88 percent under the IDA Debt Reduction Facility. Venezuela Ukraine Data source. Data on long-term public and publicly guaranteed debt for 1997 are projections. Data source. Data on long-term public and Long-term private nonguaranteed debt data are publicly guaranteed and private nonguaranteed World Bank staff estimates. Short-term debt data debt for 1997 are based on reports provided by the are from the BIS semiannual series on interna- country. Short-term debt data are from the BIS tional bank lending and short-term export credits semiannual series on international bank lending from the OECD. and short-term export credits from the OECD. Rescheduling. Data reflect the 1990 DDSRwith Rescheduling. In 1993 a total of $2,528 million commercial banks. The operation converted of technical credits were rescheduled with $18.3 billion into bonds and $1.4 billion into Moldova and the Russian Federation. short-term notes. In addition, Venezuela obtained $1.2 billion of new money, of which $600 million Uruguay was disbursed in 1990, $295 million in 1991, and $296 iiiillioii in 1992. Data source. Data on long-term public and pub- Debt reduction. In September 1997 Venezuela licly guaranteed and private nonguaranteed debt for retired $4.4 billion of Brady bonds in exchange for 624 $4.0 billion of uncollateral bonds. Total amortiza- to the various republics. Short-term data are from tion for 1997 includes prepayments of $4.0 billion the BIS semiannual series on intcrnational bank of Brady bonds to raise money for disbursement of lending and short-term export credits from the new unsecured bonds issues. OECD. Debt reduction. The debt reduction of 1988-91 Vietnam consisted of buybacks of $128 million in 1988, $610 million in 1989, $1.5 billion in 1990, and Data source. Data on long-term public and $554 million in 1991. publicly guaranteed debt for 1997 are based on Other. In 1992 the former Yugoslavia split reports provided by the authorities and World into several republics; information on debt out- Bank staff estimates. Short-term debt data are standing by the various republics are shown in from the BIS semiannual series on international the country pages for Croatia and Macedonia bank lending and short-term export credits from FYR. the OECD. Rescheduling. Projected debt service is based on Zambia contractual obligations and existing terms on debt outstanding at the end of 1996. It includes the Data source Data on long-term public and effect of the Paris Club agreement signed in publicly guaranteed debt for 1997 are based on December 1993, other bilateral arrangements out- reports provided by the country. Long-term pri- side of the Paris Club, and the 1997 DDSR agree- vate nonguaranteed debt data are World Bank staff ment. The effect of the memorandum of under- estimates, short-term debr data are from the BIS standing of September 1997 on the debt semiannual series on international bank lending, outstanding and disbursed owed to Russia is and short-term export credits are from the OECD. reflected in the table. The data are provisional and Rescheduling. Projected debt service is based on are based on World Bank staff estimates. contractual obligations on debt outstanding at the end of 1997. It includes the effects of the Paris Club Yemen, Republic of agreements of 1990, 1992, and February 1996. Total amount rescheduled by end- 1997 under the Data source. Data on long-term public and 1996 Paris Club agreement was $400 million. publicly guaranteed debt for 1997 are based on Debt reduction. Debt outstanding was reduced original terms of loans outstanding as of end- by $11.4 million in 1990, $14.8 million in 1991, 1997. Short-term debt data are from the BIS semi- and $45.3 million in 1992 as a result of debt for- annual series on international bank lending and giveness. In 1994 Zambia bought back $181 mil- short-term export credits from the OECD. lion of debt at a discount of 89 percent under the Rescheduling. Projected debt service is based on IDA Debt Reduction Facility. Reduction of the contractual obligations and existing terms on debt stock of debt by end-1997 as a result of the write- outstanding at the end of 1997. It includes the off of the 1996 Paris Club agreement was $27 effect of the Paris Club agreement signed in million. September 1996 and November 1997. Zimbabwe Yugoslavia, Federal Republic of (Serbia and Montenegro) Data source. Data on long-term public and pri- vate nonguaranteed debt for 1997 are based on Data 3ource. Data on long-term public and reports provided by the country. Short-term debt publicly guaranteed and private nonguaranteed data are from the BIS semiannual series on inter- debt for 1997 are estimates and reflect borrowings national bank lending and short-term export cred- by the former Yugoslavia that are not yet allocated its from the OECD. 19 9 8 wvas another tUmllUtti6us vear for emnerg,ing markets, \vith the downturn fol- 19N 9 8 detvelopilng countries proving to be steeper than expected. Go1b4al DcccliA)ptient Finan( provides comilprelhenisive information oni dexeloping counitries' external debt and fillancial tlows. Theit Anjalysis and Sunmniar, Tables voltuiie provides expel-t comieniiltarv oni tr-enids inl net official finanice. It examines the prospects ftor economilc growith and analyzes r-ecenlt developments in private capital flow7s to developig 7ountries It also reviews debt r estructLIlring1 aCgreemeneFts, privatization tranisactionis, anid contailns suuimarv data for country groups. Additionial information about this volume can be founid at \v\\\N..\voi-ldbanik.ori-,/pi-ospects. The Country TlIecs voltie provides statistical data for 1 38 countitries that repolt debt under the World Bank IDebtor- Reporting System, as \vell as summary data for regions an:d inicoime groups. It contains data on total exterinal debt stocks anid flows, ,I ,irw and key7 debt ratios, and provides a detailed picture of debt, country-by- couLntry. Furtiler detail about the Contary Fables is avaliable at w\v-\ws\7orldbaiik. orc,/data. CD-ROOM anid diskette versionis of Glba(ll Deelopnrncnt Filnanice are also available. The CD-ROM presenits a database of iior-e than 20(1) historical time series fi-oml 197( to 1 997 for 1 38 countries, oith couilny groLup estimates for i1 998. The foLll contents of botih books are also incluidd. The disklette provides the samie database, but ill a DOS interface. For fturther information about thle conAtent of these electlron1ic version3s, visit . . For -eneral and ordering intforniation, p]ease visit the World Banik publications \vebsite at w\v\v.\vorldbaiik.ori-g/publicationis, or call (703) 661-1 580. From \Vithlin the U.S., please call 1 (800) 645-7247. Glotbl}i Dciecloptncnt Firnance is an inidispensable refl-ernce guide for econiomilsts. bankers, couintry; r isk analysts, an-d othrc-s involved in investment liending and capital flows \vorld\vide. ISI I-I Sri-c~r, N. \V. 1 4 36 8 \XSshillgto, .C. 2o,433. U.S.A. Tclcphonc: 212-477- 1 234 Fn,simi1c: 20)2-477-6.3911 .IN:MCI 6414-5 WVORLD3ANIK Ni10 24842' \VOkLDBANK 9 780821 343685 \\';,r Ij \Xijdc N\\'lIn Ihrtp:I// w. ISBN 0- I821 436 o 8 l[-mil:l: I,o @isxrIclha,ikl.arg ISBN-0-8213-4368-8